Rare Roosevelt Dime Could Be Worth $855,000: The Roosevelt Dime, introduced in 1946, is a staple in American coinage. However, certain rare variations of this dime have garnered significant attention and value among collectors. One such example is the 1975 “No S” Proof Roosevelt Dime, which has been sold for substantial amounts due to its rarity.
The 1975 “No S” Proof Roosevelt Dime
In 1975, the U.S. Mint produced proof sets intended for collectors, which typically bore the “S” mint mark indicating they were struck at the San Francisco Mint. However, a small number of these proof dimes were mistakenly struck without the “S” mint mark. This error makes them highly sought after by numismatists.
Rarity and Value
The 1975 “No S” Proof Roosevelt Dime is exceptionally rare, with only two known examples in existence. One of these rare coins was sold at an online auction for $506,250, highlighting its significant value. The high price is attributed to both its rarity and the collector demand for such unique items.
Identifying the 1975 “No S” Proof Roosevelt Dime
To identify this rare dime, collectors should examine the coin closely. The absence of the “S” mint mark on the reverse side of the coin is the distinguishing feature. It’s important to note that this error occurred only in proof sets, so regular circulation dimes from 1975 will not exhibit this characteristic.
Other Valuable Roosevelt Dimes
While the 1975 “No S” Proof Roosevelt Dime is among the most valuable, other variations of the Roosevelt Dime have also attracted attention. For instance, the 1968 “No S” Proof Roosevelt Dime, another minting error, has been sold for significant amounts at auctions. These coins are valuable due to their rarity and the specific conditions under which they were produced.
Conclusion
The Roosevelt Dime, while commonly found in circulation, has certain rare variations that hold substantial value for collectors. The 1975 “No S” Proof Roosevelt Dime stands out as a prime example of how minting errors can lead to coins becoming highly prized possessions. Collectors interested in such coins should be diligent in examining their collections and staying informed about the market for these rare items.
