How many dimes equal a dollar?

I can't afford to buy coins lately. I'm thinking about buying one or two silver dimes a payday, then when I get enough, trade them in for a Morgan or Peace dollar. Nothing special. Just junk silver. When trading with a coin shop, how many dimes can I expect to trade for a silver dollar? How many dimes can I expect to trade for an ASE? Would I be better off trading them in for silver halves, or should I just keep the dimes?

 

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You would be incurring two transaction costs doing it that way. Why not just save until you can afford the Morgan or ASE?

 

If you're serious about this idea, it would probably "cost" 20-25 silver dimes for a common date Morgan.

 

Holy crap! If that's the case, don't do it! (Unless the Morgan is MS)

 

If your goal is to get a Morgan, I would suggest simply saving for the Morgan. You will lose too much money in trade.

 

Not trying to derail your thread here Pilkenton, but I'm from NW IN. Grew up in Crown Point.

 

I guess a more useful answer is just save up for the Morgan. You'll pay a premium on the dimes, then take a loss when selling/trading.

 

It should only be about 12 dimes to trade for the Morgan if you are only looking for junk silver. But it will cost you a few more dollars than it should in the long run.

 

I can only afford dimes. If I try to save for a Morgan, I will spend the money.

 

Eh...buy the dimes then!

 

Save $5 a payday, put it in an envelope, until you can afford the Morgan. Not only will you save on transaction costs but you save on many drives to the coins shop or on shipping from ebay.

 

I like dimes, got a good stash of mercurys. Just keep the dimes.

 

If you really believe this, I'll trade you $1.20 in junk silver for each Morgan that you own. There is no one who will trade them for junk. You'll pay a premium buying the junk silver, then you'll be charged a premium on the Morgans.

As for being MS, why would you want cull Morgans?

Edit: I'm assuming you meant UNC when you said MS... otherwise all non-PF coins would be MS.

 

It would probably be more prudent to just save 50 clad circulated dimes per payday (and pretend they are silver), then when you have enough in face value... Buy a Morgan or Peace dollar when you have enough "pretend silver dimes" to cash in for bills to buy what you are looking for. Work with your head and not your hands, cause as stated in the above posts; you will suffer far more being juiced by trading junk silver that you have accumulated piece by piece vs. what I have suggested :smile

Good Luck to you either way my friend,
Erik

 

Rather than pretend they are silver dimes, just write a woman's phone number on a $5 bill and put it in an envelope for safekeeping.

Chris

 

If you feel the urge to buy and play with something, why not just get rolls from the bank whenever the urge strikes? Then, once you have enough money, buy what you really want?

 

i agree maybe 13 dimes with current prices morgans usually demand a dollar or two above melt for regular circulated. but like everybody else said you'll lose a few bucks in the process. why not just save the dimes. or get the extra 5 cents in silver and buy a quarter instead of the dimes.

 

I have noticed, that in times when I dont have much money to spend on coins I enjoy having a pile of dimes to add to rather than just having a couple of junk silver morgan dollars.

 

I'm going to iterate (and CBJesse seems to agree) that there is no reason to acquire cull/circulated Morgans that aren't key dates. You can get MS-62 (or so) Morgans for 20-25 silver dimes. Why would you opt for low grade culls? If you're going to do that, keep the dimes.

 

Why get the dimes, unless that is what is desired from the beginning?