The worth of a 1960 United States ten-cent coin composed of 90% silver and 10% copper is primarily determined by two factors: its intrinsic silver content and its condition. These coins, often referred to as “silver dimes,” contain approximately 0.07234 troy ounces of silver. Therefore, the prevailing spot price of silver significantly influences its base value. For example, if silver is trading at $25 per ounce, the silver melt value of the coin would be approximately $1.81 (0.07234 x $25 = $1.8085) excluding any premium.
Beyond the metal content, a coin’s condition substantially impacts its desirability and, consequently, its price. Coins in circulated condition, showing wear and tear from general use, typically trade at or slightly above their melt value. However, uncirculated examples, retaining their original mint luster and exhibiting minimal imperfections, can command a considerable premium, especially if graded and certified by reputable numismatic grading services. Historical context also plays a role; these coins represent a tangible piece of the past, contributing to collector interest and potentially increasing their worth.
