How Much Is This Dime Worth?

Lying there on the hot tarmac was a tarnished coin.

I couldn't tell the denomination, at first, but I stopped...

Made certain the traffic conditions were favorable for my reaching over into the road (without getting flattened like yesterday's roadkill) and...

I picked up the coin.

It was a 1967 U.S. Roosevelt dime.

To many people it is worth ten cents.

Some might have passed it by thinking it was a lowly penny and not worth their time, energy or effort to retrieve it.

But, not so fast...

Not so fast.

That 1967 coin contains 40% silver by weight.

Other than the tarnish, it was in pretty good shape.

The reeding on the edges were still sharp and distinct. If the rippled edges were more smooth than rough it would have indicated a lot about the dime's useage... (i.e. it would have been around the block a few times)... but this coin was in pretty good shape as far as weighing pretty much the same as it did when it was minted.

So, what's that coin worth?

10 cents? Yes.

Less? Yes, because many people saw it but didn't take the trouble to take possession.

But let's take a look at it's silver content.

If 10 of those 1967 dimes contain about 0.33 ounces of silver then 1 dime would contain 0.03 ounces of silver.

And, if silver trades at $7.20 per ounce...

That "40% Silver dime" would contain about 24 cents worth of silver.

If you add the silver content to the denomination the coin is worth $0.34!

But, if silver prices spike up to $1500 per ounce that lowly coin would be worth: $49.60! ($49.50 for the silver plus the $0.10 due to its denomination.)

Will silver spike to $1500 per ounce?

Someday it will, if for no other reason than inflation... but that could take many decades and...

It's more likely that silver prices will surpass the $1500 mark when the collusion that's suppressing the price (keeping it from moving naturally based on free market forces) is removed... and when that happens...

Watch out... and I hope you've got lots of 40% and 90% silver coins set aside...

"From sell info products online dot com ( www.sellinfoproductsonline.com) and Basic Drum Beats dot com (www.BasicDrumBeats.com) this is LeBlond, Gerard LeBlond... and I'll see you there!"

P.S. So what's that dime worth? Let's put it this way... I've sent it off for safe keeping to a secret location... it'll make a public appearance when silver prices are above a certain magic figure.

P.P.S. That magic figure? Let's just say that $1500/oz number is too low by at least a factor of 2.5...