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Just found 65 silver dimes, Mercury and Roosevelt 1940-1964 .. help with smelt value

Turtle Man

Turtle Man

Member
Just found 65 of these old silver dimes that I had put away a while ago, and could come in handy for my build.

They have a melt value of $2.15 each (current silver market price). I've only called one coin shop and they are offering me $1.25 each, which I think is a pretty high price to pay.

Anyone know a legit price I should accept for these from a pawn / coin shop? I do understand I will not get the full $2.15 per, but I think $1.25 is a tad too low.
 
There's usually a big gold & silver chain in every major metro area. I find that they usually offer the best rates, especially if you tell them you have a price you're trying to beat.

If you haven't already, check the years and mint marks of each one just in case one is sufficiently rare and thereby more valuable. Some even in mediocre condition will be $10 or more, and the right ones significantly more. Probably not, but worth a look all the same.
 
Arkaign said:
There's usually a big gold & silver chain in every major metro area. I find that they usually offer the best rates, especially if you tell them you have a price you're trying to beat.

If you haven't already, check the years and mint marks of each one just in case one is sufficiently rare and thereby more valuable. Some even in mediocre condition will be $10 or more, and the right ones significantly more. Probably not, but worth a look all the same.
Click to expand...

I've been using only coinflation for valuing these. You know of any other resources that might help me out here? Thanks for your input, I appreciate it!
 
I thought that in the coin world, smelt value means little because it's illegal to destroy currency. It's not like you have 2.15 of raw material because if people followed the law, that material will never be anything but that coin again.
 
gorcorps said:
I thought that in the coin world, smelt value means little because it's illegal to destroy currency. It's not like you have 2.15 of raw material because if people followed the law, that material will never be anything but that coin again.
Click to expand...

Im not in the coin world, wasnt sure how to word it :colbert:
 
Nintendesert said:
Smelting down old coins seems like a dumb idea when there are so many collectors out there.
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Looking at them, you wouldn't think they are collectible at all. The Roosevelt's (some) look fresh out of a roll that you would get from a bank today, yet they are 2.2 grams of silver each and from 1940s - 1950s
 
gorcorps said:
I thought that in the coin world, smelt value means little because it's illegal to destroy currency. It's not like you have 2.15 of raw material because if people followed the law, that material will never be anything but that coin again.
Click to expand...

I was about to post this.
 
I can help you out here.

You should be able to get at least $1.70 for each dime at today's silver price.

It is not illegal to melt US silver or gold coins. The typical flow of material is people like you -> coin dealer -> wholesaler -> refinery where they get melted. Happens every day.

No Roosevelt dimes are more valuable than others unless they are in pristine, uncirculated condition.

If there is any chance you have something valuable, google for photos of 1942/1 overdate AND 1942/1-D overdate, then examine yours.

(I have found two 1942/1-D overdates and they are worth about $600 each.)
 
At a time, I'd buy the Mercury's from you. I used to collect coins.

I have a somewhere around 300-500 of them my grandma gave me a long time ago as well as those I collected
 
gorcorps said:
I thought that in the coin world, smelt value means little because it's illegal to destroy currency. It's not like you have 2.15 of raw material because if people followed the law, that material will never be anything but that coin again.
Click to expand...

Not true. Navajo Indians, for example, like to fashion old 90% silver coins into jewelry items. Or: if you wanted to make a silver ring out of an old silver quarter, there's no law to stop you.
However: exporting coins to some other country, may be unlawful. Pre-1982 copper cent coins, for example.
Note: the term "currency" only refers to paper bills, and not to coinage.
 
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Damn man. don't melt them down.

it always pains me to hear when people smelt their coins. I'm always snatching them up.
heck, I'll buy them off you. 🙂

No buying or selling outside of FS/FT.
AT MOd
Gillbot
 
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JJ650 said:
Damn man. don't melt them down.

it always pains me to hear when people smelt their coins. I'm always snatching them up.
heck, I'll buy them off you. 🙂
Click to expand...

Shoot me a PM if your serious. I have no intentions of keeping these.


No buying or selling outside of FS/FT.
AT MOd
Gillbot
 
Last edited by a moderator:
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