In the world of coin collecting, some coins are more than just money—they’re treasures. One of the most interesting and valuable coins is the 1975 No-S Roosevelt Dime. This coin is famous for being a mistake and is worth around $350,000! In this article, we’ll explore what makes this dime so special, why it’s valuable, and what collectors need to know about it.
What Is the Roosevelt Dime?
The Roosevelt Dime is a ten-cent coin that has been in circulation since 1946. It honors President Franklin D. Roosevelt, who passed away in 1945. The front side of the coin shows a profile of Roosevelt, designed by artist John R. Sinnock. The back side features a torch, olive branch, and oak leaves, symbolizing peace and strength.
Key Features of the Roosevelt Dime
| Feature | Description |
|---|---|
| Denomination | 10 cents (Dime) |
| First Minted | 1946 |
| Designer | John R. Sinnock |
| Obverse | Profile of Franklin D. Roosevelt |
| Reverse | Torch, olive branch, and oak leaves |
When the United States Mint makes coins, they stamp them at different locations, and each location has its own mint mark. For example, coins made in Philadelphia usually do not have a mint mark, while coins made in San Francisco have an “S.”
The 1975 No-S Error Coin
In 1975, there was a mix-up in the minting process. Some dimes were made without the “S” mint mark, which is unusual for coins that were supposed to be produced in San Francisco. These coins are called “No-S” dimes. This mistake happened because the mint was making proof coins that year, which are special coins for collectors. The Philadelphia Mint accidentally released some dimes without the mint mark, and this made them very rare.
Error Coin Overview
| Coin Year | Mint Location | Mint Mark | Estimated Value |
|---|---|---|---|
| 1975 No-S Dime | Philadelphia | No Mint Mark | Up to $350,000 |
Why Is It So Valuable?
The 1975 No-S Roosevelt Dime is incredibly rare. Only two to three of these dimes are known to exist today, making them highly sought after by collectors. Because there are so few of them, the value skyrockets. One of these coins sold for an amazing $350,000 at auction in 2019!
Collectors are always on the lookout for rare coins, and the 1975 No-S Dime is a prime example. Its value comes from its rarity, its unique story, and the fact that it is part of a popular coin series.
How to Collect the 1975 No-S Dime
For anyone interested in collecting coins, the 1975 No-S Roosevelt Dime is a top prize. But finding one can be challenging. Most of these coins are held in private collections or with serious investors.
Grading and Authentication
When buying rare coins, it’s essential to ensure they are genuine and in good condition. Professional services like the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) can grade and certify coins. A well-preserved coin will have a higher value, especially if it’s graded in mint state or proof condition.
Grading Scale for Coins
| Grade | Description |
|---|---|
| Mint State (MS) | Uncirculated and in perfect condition |
| Proof (PR) | Specially made for collectors, often shiny |
| About Uncirculated (AU) | Slightly worn but still in great shape |
| Fine (F) | Noticeable wear, but design is still clear |
| Good (G) | Heavy wear, but recognizable |
Conclusion
The 1975 No-S Roosevelt Dime is a fascinating part of American history. Its mistake during production makes it a special find for collectors. With only a few of these coins known to exist, it’s no wonder that they can sell for as much as $350,000. For young collectors or anyone curious about coins, understanding the story behind the 1975 No-S Dime can spark interest in the world of numismatics.
As you learn more about coins, remember that each one tells a story, and rare coins like this dime hold a special place in that history. By keeping an eye on rare coins, understanding their value, and seeking professional advice, anyone can become a successful collector. The thrill of the hunt and the excitement of finding a rare piece can be incredibly rewarding, making it a hobby worth exploring. Whether you want to collect for fun or as an investment, the world of coins has something for everyone.
FAQ’s
What is the 1975 No-S Roosevelt Dime?
The 1975 No-S Roosevelt Dime is a rare ten-cent coin that was mistakenly minted without the “S” mint mark, indicating it was produced in Philadelphia instead of San Francisco. Only a few of these error coins exist, making them highly sought after by collectors.
Why is the 1975 No-S Dime so valuable?
The 1975 No-S Dime is valued at around $350,000 due to its rarity. Only two to three coins of this type are known to exist, making it one of the most valuable modern error coins. Its unique production mistake and connection to a popular coin series add to its desirability.
How can I tell if my coin is a 1975 No-S Roosevelt Dime?
To determine if your coin is a 1975 No-S Dime, check the reverse side for the absence of an “S” mint mark. Additionally, have the coin graded by a professional service like the PCGS or NGC for authentication and to assess its condition and value.