Constitutional “Junk” silver dimes do offer several advantages. First, they provide small increments of barter. Secondly, like silver rounds, this form of silver coinage generally carries a low premium over the spot market price of silver — unless during situations of physical supply shortages. (In other words, the market value of “junk silver” is very close to the actual melt value of the junk coins.) Thirdly, they are legal U.S. tender (albeit only for the face value). Finally, junk silver bags are recognized around the world as a trading medium and are therefore very liquid.
The Roosevelt dime was introduced into circulation in 1946 to commemorate the recently deceased President Franklin Delano Roosevelt. It replaced the Mercury dime that had been in circulation from 1916 to 1945.
Both dimes were compositionally identical, with a 17.9 mm diameter, a weight of 2.5 grams and, most notably, a 90% silver content. This composition remained consistent in Roosevelt dimes until the Coinage Act of 1965 removed silver from all circulating dimes and quarters. Since then, the dime has consisted of a copper core with a copper-nickel outer layer.
For every $1.40 in face value of a combination of dimes, quarters, and half dollars pre-1965 there is the equivalent of 1 troy ounce of silver. Another way to look at this is for every $1.00 in face value there is .715 troy ounces. For example, you have $10.00 face value of silver quarters, then that is equal to 7.15 troy ounces (10.00 x .715 = 7.15). In addition, if you take $1.40 and multiply it by .715 you get the desired $1.00 amount.
Now available at Black Mountain Coins are $1 Face Value lots of the Roosevelt silver dimes! Each lot contains a random selection of dimes minted from 1946 to 1964. These would be great for any collector of US coins or silver coins, and are a great way to start off a date set. Get yours now while supplies last!