Barber Dimes were produced from 1892 through 1916. Incredibly, some folks think that older money may not be worth anything because it is no longer used. This is so wrong and is not the case. They are valued more than face value mostly because of their silver content. Many older coins are worth more than newer ones, but that is because they also had lesser mintages than coins of today. In the Barber Dime category, many dimes have a value that is tied to the bullion market.
One misunderstanding many people have is that these coins are solid silver. But they are not 100% silver. They were made out of a 90% silver and 10% copper alloy. Another misinterpretation is that if you had 10 dimes, this is one ounce of silver. Again, not so. One dime weighs 0.08038 ounces. If you had 10 silver dimes, they would weigh .8038 of an ounce. Then take into consideration that they are 90% silver and you can see that calculating the price is not just taking the current silver price.
Now that we have completed some heritage on the coin, how do you put up for sale your batch of Barber dimes? Many people are horrified of this transaction, but it is indeed quite manageable.
Today, nearly all silver coins, usually those dated from 1900 through 1965 are simply sold as a percentage of face value, as are those before 1900 that are very worn. In simple terms, a dealer may quote that s/he is paying 20 times face. This means for each dollar in face value of silver coins, the dealer is paying $20.00. So if you had a roll of silver dimes, which contains 50 dimes or $5.00, then take the face value of the coins ($5.00 times $20) and you get what the dealer may pay. So in this example, a roll of silver dimes may be worth $100.
This is an easy way to establish the approximate value of your silver coins. Of course, the coins are only worth what someone is willing to pay for them. Without a written offer, they might has well be worth nothing.
Some people think that cleaning a coin will make it worth more. After all, who wants a crummy coin? So, should you clean your coins? The reply to that is always no. Even if the coins are common/non collector coins, you should not clean your coins as there is always a possibility there may be a rare coin, die error, etc,. in the batch and you do not to diminish the overall worth. The fact is, cleaning coins reduces the value.
When you want to get rid of your coins, there are many places you can go, but in my mind the best value is to get in touch with a coin dealer. Places like Craigs List may be an easy option, but you will be contacted by many odd folks and maybe thieves. Beware of extravagant ads in newspapers from traveling coin buyers. Many folks view the coin dealer like the used car salesman. But in reality, the coin dealer, whether online or at a shop is likely to give you the best money for your coins as who else knows the value better than someone who is in business to buy and sell coins.
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