A dime minted in 1964 or earlier contains 90% silver. The value of these dimes isn’t fixed but fluctuates based on the current spot price of silver. For example, if silver is priced at $25 per troy ounce, a 90% silver dime, weighing approximately 0.07234 troy ounces, would possess a melt value of roughly $1.81 (0.07234 0.9 $25). Numismatic value, based on factors like condition and rarity, can significantly increase a dime’s worth beyond its silver content.
Understanding the value of pre-1965 dimes is crucial for collectors and investors. These dimes represent a tangible investment in precious metals and offer a hedge against inflation. Historically, silver has served as a store of value, and these coins provide a convenient way to own fractional amounts of silver. Furthermore, certain dates and mint marks of these dimes are scarcer, leading to premiums above their melt value for collectors. This scarcity and historical significance contribute to their enduring appeal.