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1964 and before, dimes were made out of 90 percent silver. The same went for quarters and half dollars. And then the us mint made half dollars from 1965-1969 40 percent silver.
Yes the coin is 40% silver.
U.S. quarters dated 1964 or earlier are 90% silver and 10% copper, they contain .18084oz of pure silver.
The US never issued 50% silver halves. JFK halves dated 1965-1969 are made of 40% silver - 80% on the outside, bonded to 20% in the core. In average condition they sell for about $2.50 to $3.00 based on the price of silver.
Dimes dated 1964 and prior are 90% silver. Dimes dated 1965-present that are intended for circulation contain no silver. From 1992-present the US has made silver proof sets which contain a 90% silver dime along with 90% silver quarters and half dollars. Keep in mind though that it is only the silver proof set that contains silver, the normal proof sets do not (unless the coin intended for circulation had silver)