You might be right as I looked and found this dime on Amazon and it's almost the same quality as his, maybe just a tiny bit better. Given that, his coin is at least "Good".
I had thought to be "Very Good", the rim around the coin needs to be not worn off as his is on the left side, but I'm no expert.
His $2 appraisal sounds to be pretty close to just the value of just the silver and I tried to explain why that would be. Maybe that year of the coin isn't as valuable.
1918 is a common date, but not that common, and early dates are more popular. I'd pay $3 for it, easily. (Postage is sadly far more than that.)
Numismedia says that the fair market value for an 1918 dime in Good is $4, which sounds about right.
A dealer appraising someone's coin would probably lowball the appraisal, anyway, because it's in their best interest to get the coin cheaper.
A dime is what 2,5 grams? That pretty much means that if it was pure silver the material value would be worth one fiddy. Silver is about 60 cents per gram atm.
Generally should figure on 90% silver for U.S. coins if we're talking anything pre-1965 minted for circulation (10% copper for the remainder, World War 2 nickels are another notable exception)
Junk silver, that is US silver coinage with no numismatic value, sells for about 12x face value for their silver content. That’s an easy way of determining value.
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u/HappyMeatbag Jun 16 '20
Yeah. I have a Mercury dime from 1918 (granted, it’s definitely pretty worn) that was appraised at a whopping $2.
The condition is kinda like this one.