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US Silver Coin Values Go Ballistic
February 23, 2011 by Silver Coins Today · Leave a Comment
US Silver Coin Values Go Ballistic
The price of silver on Tuesday soared above $34 an ounce, bringing the melt values of older US circulating coins to a 31-year high and significantly cutting premiums of newer US Mint silver coins and sets.
While silver prices eventually settled toward the $33 level — still at a 31-year closing high in New York, the melt value of silver coins remained on fire. Value comparisons of older and modern coins and sets between various dates highlight the sharp increases.
For reference, the London silver fix was used as the price for the below dates. The current US Mint prices for 2010 and 2011 sets and coins it directly sells to the public are beside the product description.
Silver Coin and US Mint Silver Set Melt Values
| Coins or Products | Coin Melt Values (Silver at $5.24 on Feb. 22, 2000) |
Coin Melt Values (Silver at $16.44 on Feb. 22, 2010) |
Coin Melt Values (Silver at $27.14 on Jan. 21, 2011) |
Coin Melt Values (Silver at $32.89 on Feb. 22, 2011) |
| 2011 Army Silver Dollar Uncirculated ($49.95) | n/a | n/a | $20.99 | $25.44 |
| 2011 Army Silver Dollar Proof ($54.95) | n/a | n/a | $20.99 | $25.44 |
| 2011 Silver Proof Set ($67.95) | n/a | n/a | $36.32 | $44.02 |
| 2011 American Silver Eagle | n/a | n/a | $27.14 | $32.89 |
| 2010 ATB Silver Quarters ($32.95) | n/a | n/a | $24.54 | $29.74 |
| 2010 Silver Proof Set ($56.95) | n/a | n/a | $36.32 | $44.02 |
| (1) 2010 ATB Silver Coin | n/a | n/a | $135.70 | $164.45 |
| 1942-1945 Jefferson Nickels | $0.29 | $0.92 | $1.53 | $1.85 |
| 1916-1945 Mercury Dimes | $0.38 | $1.19 | $1.96 | $2.38 |
| 1946-1964 Roosevelt Dimes | $0.38 | $1.19 | $1.96 | $2.38 |
| 1932-1964 Washington Quarters | $0.95 | $2.97 | $4.91 | $5.95 |
| 1916-1947 Walking Liberty Half Dollars | $1.90 | $5.95 | $9.82 | $11.90 |
| 1948-1963 Franklin Half Dollars | $1.90 | $5.95 | $9.82 | $11.90 |
| 1964 Kennedy Half Dollars | $1.90 | $5.95 | $9.82 | $11.90 |
| 1965-1970 Kennedy Half Dollars | $0.77 | $2.43 | $4.01 | $4.86 |
| 1878-1921 Morgan Dollars | $4.05 | $12.72 | $20.99 | $25.44 |
| 1921-1935 Peace Dollars | $4.05 | $12.72 | $20.99 | $25.44 |
| 1971-1976 Silver Ike Dollars | $1.66 | $5.20 | $8.58 | $10.40 |
U.S. coins minted before 1965 contain 90 percent silver. Taking wear and tear into the equation, that means $10 worth of pre-1965 US silver coins contain about 7.15 ounces of silver. Or, $1.40 of the coins contain about one ounce of silver.
If the number crunching causes headaches, this site’s US silver coin melt calculator can be used to quickly find silver coin melt values based on silver prices. It can also calculate bid and ask spreads based on percentages.
For melt values of older coins from other countries, check out the other coin melt calculators.
