Where Can I Sell Silver Dimes | Precious Metal Refining Blog
I have about 710 silver dimes that were left to my family. I’m not sure of the exact weight, but they are all 1964 and previous years, so I think the weight of silver in them is around 51.333 troy ounces. Where can I sell silver dimes for more than the face value? Thanks! From Anthony in Fort Smith, Arkansas
Hi Anthony,
Thanks for your inquiry. US dimes minted 1964 and earlier are often called “junk silver” as they have silver value but little to no numismatic or collection value. Because they have a high percentage of silver content, they can be sold and refined for much more than their face value of 10 cents. Below are examples of the type of dimes you described.
As you can see the Mercury Dime and Roosevelt Dime have different designs. However, both contain the same amount of silver approximately 0.0723 troy ounces. Based on a silver price of $18 per troy ounce, each dime would be worth about $1.30.
Keep in mind however, that some of these coins may have been in circulation for almost 100 years. Many undoubtedly have experienced significant wear and often have a slight drop in silver weight, around 1-2 percent. The 0.0723 troy ounces of silver is from a coin in mint condition. That is why recommend actually weighing your coins before sending them in as we calculate the melt value based on the actual weight. We typically pay about 75% of the silver value to melt them and put them in a form that can be returned to the industry. Hope this information helps!
Tags: junk silver, Silver, silver coins, silver dimes
March 18th, 2011 at 1:12 pm
What about the value of pre-1964 nickels, quarters, and halves?
March 22nd, 2011 at 1:14 pm
Hi W.S.
Pre-1964 silver quarters and halves are similar to what we quoted for the dimes. These were made with 90% silver and we typically offer about 75% return back for these items.
Nickels however, (sometimes referred to as War Nickels) do not contain as much silver. Because of this, the refining process involves more energy and is more time consuming so we typically payout 40% on nickels.
Here is where we offer a little more information about refining nickels - http://www.precious-metal-refining.info/45-rolls-of-war-nickels/. Hope this helps!
May 2nd, 2011 at 11:46 am
Do you purchase 40% Kennedy halves? If so, I have 62 coins I would like to sell along with other siver dimes/quarters, American eagles and foreign gold coins. I would like to know the process.
Thank you,
October 20th, 2011 at 12:27 pm
Do you refine pre-1965 copper pennies? I appreciate you articles on “Silver Coins”…please keep intouch.
Thanks as always, Harold Jay