For example, the day of publishing this article, the silver spot price was $19.35 X 0.0723 troy ounce silver dime content = $1.39 silver dime melt value.
Although today's circulating dimes have a ‘silvery’ polish, they don’t contain any pure silver at all. The US Mint currently uses low-value pot metal alloys to strike all US dimes today.
There is a massive difference between the value of the older 90% silver dimes vs. the current base metal dimes struck using an alloy of copper and nickel.
At the time of writing this silver dime value update and silver melt value bog, the melt value of pre-1964 silver dimes is currently worth over 138 times the value of modern copper-nickel alloyed dimes struck from 1965 to the present day.
All pre-1965 silver dimes are silver coins containing 0.0723 troy ounces (2.5 grams) of physical silver weight and value. Older silver dimes are thus worth over 13,800% more than their present-day cupro-nickel versions ($1.39 a silver dime melt value vs just over 1¢ in current dime melt value).
Silver Dimes Worth a lot to Our Customers
History of the US Dime Dollar Coin
In the Coinage Act of 1792, the US Congress defined monetary weights and measures in exact figures.
The original definition of one US dollar (as in $1.00) is a specific weight and purity of silver bullion.
Dollars or the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver, Half Dollars—each to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eights of a grain of standard silver. Dime Dollars—each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver. Dismes—each to be of the value of one tenth of a dollar or unit, and to contain thirty seven grains and two sixteenth parts of a grain of pure, or forty one grains and three fifth parts of a grain of standard silver.
The fact that they are “weights and measures” is essential. It’s a simple, divisible system of accountability, fraction based. That is to say, $1.00 is a specific weight and purity of the silver, and a half dollar ($.50) is half of that weight (with the same purity). A quarter dollar ($.25) is one quarter the weight (with the same purity) as one dollar. A dime ($.10) is one-tenth of the mass (with the same purity) as one dollar.
The 89th US Congress enacted the Coinage Act of 1965 in response to the growing value of pure silver and the resulting rise in minting costs. Under this Act, the USA eliminated silver from all circulating dimes (10¢) and quarter-dollar (25¢) coins.
There are five different US dimes which contain 0.0723 troy ounces (2.5 grams) of 90% silver content.
Chris Keller has a passion for the precious metals industry (he's been collecting coins since he was a child). He specifically enjoys creating written and video content around unique products that our customers might not see otherwise. At SD Bullion, Chris has consulted thousands of bullion investors leading to millions of dollars in sales.