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Silver rises again

This article was originally printed in Numismatic News.
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Revolution in Libya and the worries it spurred about the international oil supply inspired silver buyers to bid up the price of the precious metal to $32.864 a troy ounce Feb. 22 in New York trading.

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It had spurted as high as $34.01 an ounce. The metal has not traded this high since early March of 1980, just weeks after the January highs that exceeded $50.

At the current price, pre-1965 standard U.S. dimes, quarters and half dollars contain silver valued at 23.5 times their face value. The somewhat heavy silver dollar contains $25.42 worth of silver.

Gold jumped as well to close New York trading at $1,400.50, near the record high set Jan. 3 of $1,422.60 a troy ounce.

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