Coin collecting is an exciting hobby for many people, and some coins are more special than others. One of the most interesting coins is the 1968 No S Proof Roosevelt Dime. This dime is unique because it was made without the “S” mintmark, which usually shows it was produced at the San Francisco Mint. In this article, we will explore what makes this coin so rare, its history, and why collectors find it so valuable.
What Is the Roosevelt Dime?
The Roosevelt Dime has a special place in American coinage. Here’s a quick overview of its features:
| Feature | Description |
|---|---|
| Obverse Design | Profile of Franklin D. Roosevelt, designed by John R. Sinnock |
| Reverse Design | Features a torch, olive branch, and laurel branch, symbolizing freedom and peace |
| First Issued | 1946 |
| Purpose | Made mainly for circulation and collectors |
| Proof Coins | Specially made for collectors with a shiny, mirror-like finish |
The Roosevelt Dime was first released in 1946, shortly after the death of President Franklin D. Roosevelt. It was designed to honor his legacy and is still used today.
The Mystery of the 1968 No S Mintmark
In 1968, the U.S. Mint was producing proof coins at the San Francisco Mint. Typically, these coins would have an “S” mintmark to show where they were made. However, a few Roosevelt Dimes from that year were accidentally made without the “S.” Here’s what we know about this error:
| Aspect | Details |
|---|---|
| Year | 1968 |
| Mint | San Francisco Mint (normally) |
| Error | Missing the “S” mintmark |
| Reason for Error | Oversight during production; some dies were not properly marked |
| Rarity | Only about 10 to 15 coins known to exist |
This missing mintmark makes the 1968 No S Dime a fascinating piece for collectors.
Why Is the 1968 No S Dime So Rare?
The 1968 No S Proof Roosevelt Dime is one of the most valuable error coins in recent history. Here are the key points regarding its rarity and significance:
| Rarity Factor | Description |
|---|---|
| Estimated Quantity | Only about 10 to 15 known to exist |
| Collectibility | Considered a must-have for serious coin collectors |
| Historical Context | Made during a time of great change in the U.S. |
| Community Interest | High interest from numismatists (coin collectors) |
Because there are so few of these coins, collectors are very eager to find them.
Current Market Value of the 1968 No S Dime
The price of the 1968 No S Proof Roosevelt Dime can vary widely depending on its condition and how collectors value it. Here’s a breakdown of its current market value:
| Condition | Estimated Price Range |
|---|---|
| Lower Grade | Around $3,000 |
| Higher Grade | $10,000 or more |
| Graded Coins | Higher-grade coins can fetch even higher prices |
| Buying Tips | Work with reputable dealers, attend coin shows, check auction results |
Collectors should be careful and do their research when buying this rare coin.
Conclusion
The 1968 No S Proof Roosevelt Dime is more than just a coin; it’s a piece of American history. Its unique missing mintmark makes it an exciting topic for collectors and coin enthusiasts. This dime serves as a reminder that even small mistakes can lead to valuable treasures in the world of numismatics. As interest in rare coins grows, the No S dime remains a shining example of how history, artistry, and luck can combine to create something special. Whether you’re an experienced collector or just starting out, understanding the significance of this coin can deepen your appreciation for the fascinating world of coins.
FAQs
1. What is the significance of the “No S” mintmark on the 1968 Roosevelt Dime?
The “No S” mintmark indicates that this dime was produced without the typical “S” that shows it was made at the San Francisco Mint. This error makes the coin rare and highly sought after by collectors.
2. How many 1968 No S Proof Roosevelt Dimes are known to exist?
There are only about 10 to 15 of these coins known to exist. Their limited quantity contributes to their rarity and high value in the coin collecting community.
3. What factors influence the value of the 1968 No S Dime?
The value can vary based on the coin’s condition. Lower-grade coins may sell for around $3,000, while higher-grade coins can exceed $10,000. Market demand and collector interest also play a role.