Could a dime in your pocket be worth almost a million dollars? The Roosevelt Dime, a familiar coin used since 1946, honors President Franklin D. Roosevelt. While most are worth just 10 cents, a rare error version could be valued at up to $980,000. This guide will help you spot this valuable coin, explain why it’s so special, and guide you through checking your change for a potential treasure. Whether you’re a coin collector or just curious, you might be holding a fortune!
The Story of the Roosevelt Dime
Introduced in 1946, the Roosevelt Dime was created to celebrate Franklin D. Roosevelt’s legacy after his death in 1945. It honors his leadership during tough times like the Great Depression and World War II, as well as his support for the March of Dimes, a charity fighting polio. Designed by John R. Sinnock, the coin shows Roosevelt’s face on the front and a torch with olive and oak branches on the back. Billions have been minted, but rare mistakes make some incredibly valuable.
Why Is This Dime Worth $980,000?
The star of this story is the 1975 No S Proof Dime, a special collector’s coin from the San Francisco Mint that was mistakenly made without the “S” mint mark. Only two are known to exist, making it one of the rarest U.S. coins. One sold for $456,000 in 2019, and experts now estimate a top-condition example could reach $980,000 due to growing collector interest.
Standard Features of the Roosevelt Dime
To find a valuable dime, first understand its normal features:
- Material: Dimes before 1965 are 90% silver (2.5 grams); after 1965, they’re copper-nickel clad (2.27 grams).
- Size: 17.91 mm wide.
- Obverse (Front): Roosevelt’s portrait with “LIBERTY” and “IN GOD WE TRUST.”
- Reverse (Back): Torch, olive branch, and oak branch with “UNITED STATES OF AMERICA” and “ONE DIME.”
- Mint Marks: Found near the date, showing “P” (Philadelphia), “D” (Denver), or “S” (San Francisco).
Rare Errors That Boost Value
Certain minting mistakes can turn a regular dime into a collector’s dream. Here’s what to look for:
1. 1975 No S Proof Dime
This proof coin, meant for collectors, has no “S” mint mark despite being struck in San Francisco. It has a shiny, mirror-like surface and crisp details. With only two known, it’s a collector’s holy grail.
2. Double Die Error
Some dimes, especially from 1969, show doubled text or images (like “LIBERTY” or the date) due to a misaligned die. These can be worth thousands.
3. Silver Transitional Error
In 1965, the Mint switched to clad coins, but some dimes were accidentally struck on silver planchets. These weigh 2.5 grams and lack a copper edge.
4. Clipped Planchet Error
A clipped planchet leaves a crescent-shaped piece missing from the coin’s edge, like a bite mark. These errors can be worth up to $400,000.
How to Inspect Your Roosevelt Dime
Use these steps to check if your dime is a rare gem:
| Step | What to Do | What to Look For |
|---|---|---|
| Check the Date | Look at the year on the front. | Focus on 1965, 1969, or 1975. |
| Inspect the Mint Mark | Check near the date. | No “S” on a 1975 proof coin. |
| Weigh the Coin | Use a precise scale. | 2.5 grams for silver, 2.27 grams for clad. |
| Examine the Edge | Look at the rim. | No copper stripe for silver coins. |
| Look for Errors | Use a magnifying glass. | Doubling, clipped edges, or mirror-like finish. |
| Check Condition | Assess wear and shine. | Uncirculated coins with no scratches are worth more. |
Tips for Handling Your Coin
- Avoid Cleaning: Cleaning can scratch the coin and reduce its value.
- Wear Gloves: Use cotton gloves to prevent fingerprints.
- Store Carefully: Keep it in a protective holder or coin flip.
- Get It Graded: Send to PCGS or NGC for professional verification.
Why This Dime Commands Such a High Price
The 1975 No S Proof Dime is prized for its rarity—only two exist—and its status as a proof coin, which was meant for collectors but slipped into circulation. Its connection to Roosevelt’s legacy and the March of Dimes adds historical value. High-grade condition (like MS-68) and increasing collector demand push its value toward $980,000. Other errors, like double dies or clipped planchets, also fetch high prices due to their scarcity.
Where to Find These Valuable Dimes
You might discover a rare Roosevelt Dime in:
- Pocket Change: Check coins from stores or vending machines.
- Coin Jars: Look through old family collections or spare change.
- Bank Rolls: Request dime rolls from your bank.
- Coin Shows: Visit dealers or auctions for rare coins.
- Online Marketplaces: Browse eBay or Heritage Auctions, but confirm authenticity.
How to Sell a Valuable Roosevelt Dime
If you suspect you have a rare dime:
- Authenticate It: Send it to PCGS or NGC for grading.
- Get an Appraisal: Consult a reputable coin dealer.
- Sell Smartly: Use auction houses like Heritage Auctions or Stack’s Bowers.
- Avoid Scams: Work only with trusted buyers.
Conclusion
The Roosevelt Dime is more than just pocket change—rare versions like the 1975 No S Proof Dime could be worth up to $980,000. By checking for missing mint marks, silver content, or errors like double dies or clipped planchets, you might find a treasure in your coin jar. Handle your coins with care, get them professionally graded, and search through change or old collections. Your next dime could turn a handful of coins into a life-changing windfall!
FAQs
What makes a Roosevelt Dime worth $980,000?
The 1975 No S Proof Dime, missing its San Francisco mint mark, is extremely rare, with only two known examples.
How can I tell if my dime is a proof coin?
Proof coins have a shiny, mirror-like finish and sharp details. Look for a 1975 date with no “S” mint mark.
Are all pre-1965 Roosevelt Dimes valuable?
They’re worth $2–$5 due to 90% silver content, but rare errors can make them worth thousands.
Where might I find a rare Roosevelt Dime?
Check pocket change, coin jars, bank rolls, coin shows, or online platforms like eBay.
Is it okay to clean my dime to check its value?
No, cleaning can damage the coin and lower its value. Handle with gloves and keep it untouched.