MIhunter
Bronze Member
For those new to CRHing
In my opinion the key to dimes is dumping
Rolling them is a difficult and time consuming effort.
Dumping by coin counter is tricky, you have to test multiple machines to fine one that is largely accurate. The dime is very close to the penny in size and weight.
Depending on your average yield per box and the price of silver, buying silver dimes a the spot price of silver can be a more economical way to go if you don't have a highly fidelity coin counter to use.
Example;
Buy a box of dimes, find one silver FDR and then dump. If the coin counter mistakes your dimes for pennies at a rate of 1%. That will cost you:
2500 dimes per box x 1% = 25 dimes counted as pennies.
That is a loss of 25 x 9 cents = $2.25
Now that silver dime cost you $2.35 instead of $0.10!
Today's melt value for a silver dime is $2.43
It took me awhile looking at various banks and credit unions, to find one that never (in the last 20 boxes anyway) mistakes a dime for penny. It also helps not to dump pennies with dimes so you know how you are doing.
In my opinion the key to dimes is dumping
Rolling them is a difficult and time consuming effort.
Dumping by coin counter is tricky, you have to test multiple machines to fine one that is largely accurate. The dime is very close to the penny in size and weight.
Depending on your average yield per box and the price of silver, buying silver dimes a the spot price of silver can be a more economical way to go if you don't have a highly fidelity coin counter to use.
Example;
Buy a box of dimes, find one silver FDR and then dump. If the coin counter mistakes your dimes for pennies at a rate of 1%. That will cost you:
2500 dimes per box x 1% = 25 dimes counted as pennies.
That is a loss of 25 x 9 cents = $2.25
Now that silver dime cost you $2.35 instead of $0.10!
Today's melt value for a silver dime is $2.43
It took me awhile looking at various banks and credit unions, to find one that never (in the last 20 boxes anyway) mistakes a dime for penny. It also helps not to dump pennies with dimes so you know how you are doing.
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