Weekly US Silver Coin Melt Values Drop 2.5% in Early September

A four week trend of positive end of week silver values came to a halt as the market reversed course leading to a decline. As such, associated US Silver Coin Melt Values also recorded a loss this week ringing up to the tune of 59¢ an ounce based on a Friday to Friday London Fix comparison.

1915 Barber Quarter

US Silver Coin Melt Values (such as for this Barber Quarter) Fell 2.5% This Week

While not a staggering loss, the 59¢ drop equated to a 2.5% decrease in silver and associated silver coin melt values. The London Fix for Silver for today, September 6, 2013, was $23.05 an ounce.

 

Precious Metals Prices
September 6, 2013
London Fix Weekly Change
Gold 1,387.00 -$7.75 -0.6%
Silver $23.05 -$0.59 -2.5%
Platinum $1,498.00 -$16.00 -1.1%
Palladium $699.00 -$28.00 -3.9%

 

Silver was not the only precious metal to have a bad week, nor did it lose the biggest percentage, as the above chart shows. Realizing the biggest percentage and dollar per ounce drop was palladium which shed $28 an ounce leading to a 3.9% drop. Silver came in next with its 2.5% decline. Following was platinum which fell by $16 an ounce, or 1.1%. Gold was the precious metal which lost the least amount dropping just $7.75 an ounce for a negative 0.6%.

Looking at the daily Fix for silver this week finds that the precious metal actually spent the majority of the week in positive territory compared to last Friday’s Fix. Monday came in with a Fix of $23.97, up from Friday’s $23.64. Tuesday rose again to $24.21. Wednesday dropped to $23.71 (still up from last Friday) before another drop on Thursday to $23.52. The end of week slide stopped with Friday’s $23.05 an ounce Fix.

A comparison of silver coin melt values sheds another light on the decline. For example, last week Friday, an 1982-1916 Barber Quarter would have an approximate melt value of $4.28 last Friday. That same quarter’s melt value this Friday would be $4.17.

This Friday’s Fix of $23.05 is up from the 2013 low of $18.61 set on June 27th. Comparing the two finds the most recent Fix up $4.44 an ounce from that low, or an increase of 23.9%.

On the flip side, the precious metal is still down significantly from the 2013 high set on January 23rd of $32.23 an ounce. This math shows the precious metal with a negative $9.18 from that high, or down 28.5%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, September 6, 2013, and a comparison to those values based on last week’s silver price.

Weekly Silver Coin Melt Value Comparisons

SILVER COIN Last Week’s Silver Melt Value This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.33
$1.30
Barber Dime (1892-1916)
$1.71
$1.67
Mercury Dime (1916-1945)
$1.71
$1.67
Roosevelt Dime (1946-1964)
$1.71
$1.67
Barber Quarter (1892-1916)
$4.28
$4.17
Standing Liberty Quarter (1916-1930)
$4.28
$4.17
Washington Quarter (1932-1964)
$4.28
$4.17
Barber Half Dollar (1892-1915)
$8.55
$8.34
Walking Liberty Half Dollar (1916-1947)
$8.55
$8.34
Franklin Half Dollar (1948-1963)
$8.55
$8.34
Kennedy Half Dollar (1964)
$8.55
$8.34
Kennedy Half Dollar (1965-1970)
$3.50
$3.41
Morgan Dollar (1878-1921)
$18.28
$17.83
Peace Dollar (1921-1935)
$18.28
$17.83
Eisenhower Dollar (1971-1976)
$7.47
$7.29
American Silver Eagle
$23.64
$23.05
America the Beautiful 5 Oz. Silver Coins
$118.20
$115.25

 

Silver Coin Melt Values offers routinely updated silver market information and related melt values.

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