1975 Roosevelt Dime Worth $900,000 – A Rare Collector’s Treasure

Introduction: Coin collecting, or numismatics, has always held a certain attraction for history lovers, investors, and avocational dealers. There are occasions wherein rare coins stir the imagination of coin enthusiasts worldwide. The rare one that intrigues our very thoughts is that of the 1975 Roosevelt Dime, going for about $900,000.

History of the Roosevelt Dime

The Roosevelt Dime was introduced in 1946, clearly intended as a tribute to Franklin D. Roosevelt, who passed away just the year before. This not only paid tribute to the President due to his leadership of the nation through a world war, but also in recognition of his fight against polio as well as participation in March of Dimes fund-raising.

It was designed by Chief Engraver John R. Sinnock with Roosevelt’s portrait on the obverse and the Torch, Oak Branch, and OlTive Branch on the reverse representing freedom, strength, and peace. Since then, this dime has had tremendous meaning to the people of the United States as it has circulated extensively in everyday transactions.

What makes the 1975 Roosevelt Dime special?

For the most part, Roosevelt dimes minted in the 1970s would normally carry only a face value. But the 1975 Roosevelt Dime sans mint mark is an exception.
Reasons for its specialness:

• No Mint Mark Error: In 1975, all dimes minted by the San Francisco Mint were minted as Proof Coins and were required to have an “S” mint mark. However, some coins were accidentally minted without a mint mark and entered common circulation.
• Rarity: There are only two known examples. This rarity has led to their high value among collectors.
• Condition: Both coins are in Proof condition, meaning they were minted with specially polished dies to ensure a mirror-like shine.
• Historical Significance: Minting errors like this are rare in Proof coins. Its existence represents an interesting chapter in American minting history.

Auction Value and Market Recognition

• This 1975 “No. S” Roosevelt Dime appeared at auction and quickly became very popular. Collectors, dealers, and traders bid enthusiastically for this coin, and its price has reached nearly $900,000.
• Auction houses such as Heritage Auctions and Stack’s Bowers featured this coin prominently. This exceptional price reflects not only its rarity but also the intense interest of collectors.
• A common 1975 dime is worth only 10 cents, but this rare proof version is worth as much as several luxury cars, houses, or gold bars.

How to Identify a 1975 No. S Roosevelt Dime?

If you have a collection of old proof sets or inherited coins, you’ll want to check to see if you have this rare coin. Notes for Identification:

• Obverse: Portrait of Franklin D. Roosevelt
• Reverse: Torch, Oak Branch, and Olive Branch
• Missing Mint Mark: Common proof dimes have an “S” below the date; rare coins do not.
• Proof Quality: Mirror-like shine, sharp edges, and excellent detail

But keep in mind, this coin must be certified by a professional grading service like PCGS or NGC to ensure its true value and authenticity.

Error Coins: A Collector’s Choice

Mistaken coins, such as the 1975 No. S Roosevelt Dime, hold a special place in collectibles. These coins combine rarity, mystery, and historical significance.

Reasons for collector attraction:

• Showcase the minting process and its flaws
• Different from common coins, making a unique collection
• Increases in value over time

Investment potential

Valued somewhere around $900,000, this Roosevelt Dime is an object to collect as well as an investment. Rare coins can appreciate in value over time and diversify an investment portfolio, rather like gold and fine art.

One must exercise caution in investing, however. Authenticity and historical provenance must be established, as counterfeit coins and exaggerated claims do exist in the numismatics market.

Conclusion

The 1975 Roosevelt Dime without a mint mark becomes a monumentally atypical example of what an object that would ordinarily be worth would actually be worth in dollars because it is so rare, has a flaw, and has such historical value. Valued at $900,000, this coin has captured the minds of collectors all around the world and has, indeed, earned its impressive place in American numismatic history.

For average collectors, this dime serves as a reminder that in everyday lives, there sometimes exist the most extraordinary finds – the inherited proof set, an old coin collection, or perhaps the still-unsearched box. Of course, the chance of actually finding one is slender, but so is that excitement of what coin collecting means.

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