The value of a 1962 silver ten-cent piece is primarily determined by its silver content. Dimes minted in 1962 contain 90% silver and 10% copper, resulting in a measurable amount of precious metal. This intrinsic metallic composition gives it inherent worth beyond its face value. As an example, a circulated specimen will generally be valued for its silver melt value, whereas an uncirculated or particularly well-preserved example may command a higher price due to its collectibility.
The significance of these coins lies in their historical context and silver content. Prior to 1965, United States dimes were composed of silver, making them a tangible connection to a period when circulating currency contained precious metals. The presence of silver in these coins provides a hedge against inflation and can act as a store of value. Furthermore, numismatic interest in specific mint marks and condition grades contributes to potential appreciation in value over time.
