90% Silver Dime

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History of Silver Dime

The Silver Dime is a US coin worth one-tenth of a  dollar, the ten cent coin. It is the smallest and thinnest coin in use in the present day. The Coinage Act of 1792 brought this denomination into existence. The word dime is derived from the French word "dime", which means tenth part. Lady Liberty has been featured in different forms on this coin. Due to the small size of the coin, it usually only features feature the bust portrait of Lady Liberty, however at one time the full-body image was featured on the Seated Liberty Dime.

Dime Timeline

Since its introduction in 1796, the denomination of the dime was issued in six different broad types. Each different dime is named after the design on the coin's obverse except for the Barber dime which got its name from its designer, Charles Barber.

  • Draped Bust 1796–1807
  • Capped Bust 1809–1837
  • Seated Liberty 1837–1891
  • Barber 1892–1916
  • Winged Liberty Head (Mercury) 1916–1945
  • Roosevelt 1946–present

Metal Composition of Dime

  • The dimes issued between 1796 and 1965 were made of 90% silver and 10% copper.
  • Dimes issued after 1965 are made of clad copper-nickel.

The increasing silver price in the early 1960s led to Americans hoarding all coins containing silver. Congress, wanting to find an alternative metal to replace silver, passed the Coinage Act of 1965 which removed silver content from all U.S. coins and introduced in its place a copper-nickel sandwich which provided similar mass and electromagnetic properties.

Popular Dimes

Dimes have been the most widely circulated denomination in US coinage history. Throughout their lifetime, they have featured some beautiful designs. Collectors seek these coins for their exceptional designs and investors love them for their 90% silver content. All dimes are very popular in the numismatic world, and each edition has its historical significance. However, some are rarer and more difficult to find than others. Below are mentioned a few of the most popular dimes:

  • Mercury Dime

The most popular silver dimes are the Mercury Dimes, also known as Winged Liberty Head, designed by Adolph Weinman. The obverse of the silver Mercury Dime depicts young Liberty, identified by her winged Phrygian cap. Because of this representation, this depiction of Liberty is sometimes confused with the Greek God Mercury, from which the dime received its Mercury nickname. The cap represents liberty of thought. The reverse side of the silver dime depicts a fasces, the symbol of unity and strength, and an olive branch behind it, symbolizing peace. The silver dime is without a doubt a wise investment opportunity. The constant buying power of silver on the precious metals market makes 90% silver dimes a perfect acquisition. You can browse Bullion Exchanges’ silver dime collection above.

  • Roosevelt Dime

The US Mint released this coin in honor of the 32nd President Franklin Delano Roosevelt. The Dime issued from 1946 – 1964 had a composition was 90% silver and 10% copper alloy. The dime was chosen for his honor as he founded the National Foundation for Infantile Paralysis, a Dime collection program to find a cure for the dreaded disease Polio. The coin is minted even in the present day; however, its composition has changed to 75% copper and 25% nickel today. The Roosevelt Dime was minted from 1946 to 1964, and it is in demand because it is not produced anymore, and its silver content is ideal for investment.

Investing in Silver Dimes

Seasoned coin collectors and investors use junk silver coins as one of the ways to diversify their portfolios. United States silver coins, such as the Kennedy Half Dollar, the silver quarters and dimes, were all minted from 90% silver, between 1796 and 1964. The silver content in silver dimes was reduced to 40% in 1964. The silver coins were substituted with copper and nickel combinations. The scarcity of the silver coins makes them an attractive investment and collection option, as they are one of the last US silver minted coins.