Canadian Silver Dime Melt Value

Depending on the issue, a Canadian Silver Dime contains 0.0600 troy oz of pure silver (1920–1967, worth $3.24) or 0.0375 troy oz (1967–1968, worth $2.03) at today's spot price.

Canadian dimes contained silver until 1968. The fineness changed from sterling to 80% in 1920, and to 50% during 1967 and 1968.

80% silver (1920–1967)

$3.24 melt value per coin

0.0600 troy oz silver · 80% silver, 20% copper

50% silver (1967–1968)

$2.03 melt value per coin

0.0375 troy oz silver · 50% silver, 50% copper

Melt values use these spot prices (US dollars):

  • Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:10 PM EDT

Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.

Specifications

Specification 80% silver (1920–1967)50% silver (1967–1968)
Years 1920–19671967–1968
Face value 10¢ CAD10¢ CAD
Composition 80% silver, 20% copper50% silver, 50% copper
Gross weight 2.33 g2.33 g
Fineness .800 (80%).500 (50%)
Pure metal 0.0600 troy oz (1.866 g)0.0375 troy oz (1.166 g)
Diameter 18.03 mm18.03 mm
Standard roll 50 coins50 coins

How the melt value is worked out

Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.

  • 80% silver (1920–1967): 2.33 g × .800 fine ÷ 31.1035 g per troy oz = 0.0599 troy oz (the issuer states 0.0600 troy oz, which we use)
    0.0600 troy oz × $54.05 spot = $3.24
  • 50% silver (1967–1968): 2.33 g × .500 fine ÷ 31.1035 g per troy oz = 0.0375 troy oz
    0.0375 troy oz × $54.05 spot = $2.03

How to identify it

  • Every Canadian dime dated 1967 or earlier is silver (80%, or 50% for some 1967 coins).
  • 1968 dimes were made in both 50% silver and pure nickel. A magnet picks up the nickel coins but not the silver ones.
  • 50% silver (1967–1968): Most 50% silver dimes are dated 1968. Some 1967 dimes were also struck in 50% silver, though references differ on the details.

Melt value vs. collector value

Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.

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Sources

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