Hello Everyone! My first post. I'm new to the site as well as the hobby, but I'm really enjoying myself. I saw this dime at a pawn shop in a pile of old silver coins the owner was selling as bullion. I'm pretty sure its PMD, but on the off chance its a strange clipped planchet, I couldn't resist buying it for $2. What do yall think? Thanks for the help! CoinGuy1984
I want to think PMD due to the metal that looks like it has been smoldered. That poor, poor 1956 dime...
Now the good news. Silver is @ 31.88/oz right now, making a 90% dime worth 2.30 in silver. What's left of this guy, I'd say you bought about a dime under spot.
It would be only worth 2.30 if all the silver was there. Seeing the damage it took, I am sure there is less silver in there than a normal 90% dime, so its value would be less.
PMD. When looking at a clipped planchet, the rim is missing and tapers downward to the clip on both sides. This is because the planchets are cut before stamping, so the dies force the metal and cause it to taper. Next, the clip will have an arc the same size as the edge of the coin. To see this, place another dime against the "clip" and they will match. This is because as the planchets are cut from the sheet , a clip is when there isn't enough metal to make the full diameter (as some has been previously cut out).
