Bernard B. asked the following: I have a 1947 dime. I would like to know how much it is worth. Thank you
To all that have a few circulated U.S. 20th century silver coins lying around the house, this one’s for you!
Precious metals were part of the intrinsic money system that existed in the world prior to the current era. By the early 1960’s the silver value in dimes, quarters and half dollars reached or surpassed their face value and the public began to hoard them. To counter a growing coin shortage, the U.S. Congress passed a law removing silver from all circulating coins except for the half dollar. That coin remained with a reduced amount of silver (40%) until 1970 when it too began to be minted in base metal. The first base metal dimes and quarters and 40% half dollars were minted in 1965.
Virtually all the silver coins were withdrawn from circulation by the Public. Though a small part of the supply was melted, most of these silver coins still exist in large quantities and are used as a vehicle for holding silver. These coins are bought and sold in $1000 face value bags by bullion houses and coin dealers. In each bag are either, 10,000 dimes, 4,000 quarters or 2,000 half dollars. There are virtually no rare dates to be found in these bags. And so what is the value of your 1947 dime? At about $20.00 silver, $1.40.