Silver dimes, along with the other junk silver coins, don’t require a lot of money to start investing. The low cost makes them a great starting point for beginners. The fact that they were struck in huge numbers and remain popular means the market for silver dimes is deep and liquid.
How much silver is in a silver dime?
In other words, ten silver dimes contain .715 troy ounces of pure silver, if the coins were to be melted and the silver extracted. Interestingly, the one-dollar coins, such as Peace and Morgan silver dollars, have slightly more silver content than an equivalent face value of smaller coins. Each silver dollar contains .7732 oz. of silver content.
What’s the best way to invest in silver?
Silver dimes are therefore a good investment for two kinds of people – those who are interested in silver purely as bullion, as for example to “store value” and hedge against inflationary trends in the economy, and those who are affluent and interested in buying and selling (or collecting)…
When did they start minting silver dimes?
Franklin Delano Roosevelt’s effigy appeared on United States dimes for the first time in 1946, and these dimes were minted in .900 fine silver because all dimes were struck out of this metal at the time. Copper was added to provide durability since the coins were meant to be circulated.
