Do you have a hoard of old silver Mercury Dimes lying around that you inherited, or that you obtained out of circulation years ago? Those old silver dimes are worth more than 10 cents each.
Mercury Dimes, or Winged Liberty Capped Dimes, were produced from 1916 through 1945. Many people are under the mistaken belief that they are worth more than face value simply because they are old and/or because you do not see them in change anymore. This is not the case. They are valued more than face value mostly because of their silver content. Many older coins are worth more than newer ones, but that is because they also had lower mintages than coins of today. In the Mercury Dime series, most dimes have a worth that is tied to the bullion market.
One thing to note, these coins are made out of silver, but they are not 100% silver. They were fabricated out of a 90% silver and 10% copper alloy. Another mistaken belief is that if you had 10 dimes, this is one ounce of silver. Again, not so. One dime weighs 0.08038 ounces. If you had 10 silver dimes, they would weigh .8038 of an ounce. Then take into consideration that they are 90% silver and you can see that calculating the price is not just taking the current silver price.
Now that we have completed some background on the coin, how do you sell your collection? Many people are distressed of this process, but it is literally quite easy. Today, most silver coins, especially those dated from 1900 through 1965 are simply sold as a percentage of face value. In simple terms, a dealer may quote that s/he is paying 19 times face. This means for each dollar in face value of silver coins, the dealer is paying $19.00. So if you had a roll of silver dimes, which contains 50 dimes or $5.00, then take the face value of the coins ($5.00 times $19) and you get what the dealer may pay. So in this example, a roll of silver dimes may be worth $95.
This is an easy way to ascertain the estimated value of your silver coins. Of course, the coins are only worth what someone is agreeable to pay for them. Without a written offer, they might has well be worth nothing.
Many folks ask the question of should they clean their coins. The answer to that is consistently no. Even if the coins are average/non collector coins, you should not clean your coins as there is always a possibility there may be a rare coin, die error, etc,. in the collection and you do not to reduce the overall value. The fact is, cleaning coins reduces the value.
There are a lot places you can go to when selling your coins, but in my mind the best value is to speak to a coin buyer. Craigs List may be an easy choice, but you will be contacted by many odd people and potentially swindlers. You should also avoid traveling coin buyers who setup in hotels. Many folks view the coin dealer like the used car salesman. But in reality, the coin dealer, whether online or at a shop is possibly to give you the most cash for your coins as who else knows the worth better than someone who is in business to buy and sell coins.
Universal Coin Buyers buys coin collections of all types. Their website has tips on selling your coin collection.
To get more information on selling your Mercury Dimes go here . Visit their websites for recommendations on how to divest your coin collection.
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