In the world of coin collecting, certain minting errors can transform ordinary coins into extraordinary treasures.
One such example is the 1968 No-S Roosevelt Dime, a rare proof coin that has captured the attention of numismatists and collectors alike.
With recent auction sales exceeding $30,000, this dime’s story is both fascinating and financially significant.
Understanding the 1968 No-S Roosevelt Dime
In 1968, the U.S. Mint produced proof coins at the San Francisco facility, each typically bearing an “S” mintmark.
However, a small number of Roosevelt dimes were mistakenly struck without this mark, resulting in the rare 1968 No-S Proof Dime.
These coins were part of proof sets intended for collectors, making their error both notable and valuable.
Why Is This Dime So Valuable?
Several factors contribute to the high value of the 1968 No-S Roosevelt Dime:
- Rarity: Estimates suggest that only about 12 such coins exist across all grades, making it one of the rarest modern U.S. coins.
- Minting Error: The absence of the “S” mintmark, which should denote the San Francisco Mint, is a significant error that occurred during the minting process.
- Proof Coin: Being a proof coin, it was struck with a higher level of detail and finish, intended for collectors rather than general circulation.
- Condition: Coins in higher grades, especially those with a cameo or deep cameo finish, are particularly sought after.
Recent Auction Sales
The 1968 No-S Roosevelt Dime has fetched impressive sums at auctions:
| Year | Grade | Auction House | Realized Price |
|---|---|---|---|
| 2006 | PR68 | Heritage Auctions | $48,875 |
| 2015 | PR68 | GreatCollections | $31,102.50 |
| 2025 | PR69 | eBay Listing | $39,995.10 |
Identifying a 1968 No-S Roosevelt Dime
To determine if you possess this rare coin:
- Mintmark: Check for the absence of the “S” mintmark on the obverse (front) side of the coin.
- Proof Characteristics: Proof coins have a mirror-like finish with frosted details.
- Authentication: Due to its rarity and value, it’s advisable to have the coin authenticated and graded by reputable services like PCGS or NGC.
The 1968 No-S Roosevelt Dime stands as a testament to the intrigue and value that minting errors can bring to the world of coin collecting.
Its rarity, combined with the historical context of its creation, makes it a coveted piece among collectors. If you come across a 1968 Roosevelt Dime, it’s worth examining closely; you might just have a small fortune in your hands.
FAQs
How many 1968 No-S Roosevelt Dimes are known to exist?
Estimates suggest that approximately 12 specimens exist across all grades, making it an extremely rare coin.
What is the highest grade achieved by this coin?
The highest known grade for the 1968 No-S Roosevelt Dime is PR69, with such specimens fetching nearly $40,000 at auctions.
Can I find this coin in my pocket change?
While it’s highly unlikely due to its rarity and the fact that it was part of proof sets, there have been instances where rare coins have been found in circulation.