Hello All, Enjoyed reading so many posts! I have a 1944 US dime with what appears to be a mint error? Is it particularly valuable with the flaw? Thanks in advance! TSilver
Thanks Swamp, It doesn't look like it was "hit" as there is no flattening and doesn't show any sign of sanding as it matches the color perfectly. It looks more like something was blocking the number from the punch. Is that possible? Thanks!
Sorry, didn't point out the flaw. The last "4 is flush with the surface instead of raised. Same color, same complexion.
If I took it to a expert and they said it has something to do with the die and it is an error -is it worth much more than normal?
IMO, NO...in fact, from what I find going through old silver coins in the shops I frequent, most dealers would "melt" it.
It would be a 90% type value coin. I do not see anything that would make this coin anything other than a PMD. Value Today = (Market Spot Now 14.38) x .10 x .715 at best
.07234 if you do not account for weight difference and age .. .0715 is an industry standard that attempts to account for silver lose with time. @cpm9ball as an absolute you are correct.
Personally, I think that "industry standard" is just a secondary method of paying less for bulk silver on top of the 10% or 20% or so that buyers knock off the top for their profit margin. Can anyone tell us who came up with that number and what calculations were used? How many millions of coins were used to arrive at that number? Maybe it is a fictitious number that was passed along because someone said, "It is so!" Chris
The number .715 is calculated by major market silver buyers to assist with the times (X) market instead of .7234 with is the absolute market of silver.. If you have a large volume of silver it would be best to work off of cleaned, troy weight. Most people are willing to accept that coin in question is worth 1.00815 than buy a scales, clean their Dime and ask 1.040393. It is my understanding major market buyers use this number instead of the alternative of buying large quantities underweight 90% .. and using the proverbial bigger truck philosophy.