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<p>[QUOTE="ronnie58, post: 2962917, member: 90698"]Please confirm a quick calculation of the silver content of a mercury dime as: </p><p> (2.5 grams)x(.90)x (1 oz. / 28.35 grams)</p><p> = 0.07937 oz. Ag</p><p><br /></p><p> and so the coin's spot value at last check would be</p><p> (0.07937 oz.) x ($17.20/oz) = $1.36</p><p><br /></p><p> It's not obvious to me why aiming to collect this series in say, the VF20 - XF 40 range would result in that low melt value coming into play maybe 10 or 15 years down the road.</p><p> I understand that both the future price of silver and the level of interest in collecting are impossible to predict. But even taking a common date, 1927, (with mintage 28 million / but only est.5000 survivors), the corresponding PCGS retail value of $8-$10 ought to at least hold its own and more likely go up in that time. They aren't making more of them, at least as long as we can stay one step ahead of counterfeiters.</p><p> No doubt this is the rant of one recent returned to the hobby, so anyone please correct my naivete here.[/QUOTE]</p><p><br /></p>
[QUOTE="ronnie58, post: 2962917, member: 90698"]Please confirm a quick calculation of the silver content of a mercury dime as: (2.5 grams)x(.90)x (1 oz. / 28.35 grams) = 0.07937 oz. Ag and so the coin's spot value at last check would be (0.07937 oz.) x ($17.20/oz) = $1.36 It's not obvious to me why aiming to collect this series in say, the VF20 - XF 40 range would result in that low melt value coming into play maybe 10 or 15 years down the road. I understand that both the future price of silver and the level of interest in collecting are impossible to predict. But even taking a common date, 1927, (with mintage 28 million / but only est.5000 survivors), the corresponding PCGS retail value of $8-$10 ought to at least hold its own and more likely go up in that time. They aren't making more of them, at least as long as we can stay one step ahead of counterfeiters. No doubt this is the rant of one recent returned to the hobby, so anyone please correct my naivete here.[/QUOTE]
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