Rare 1975 No‑S Roosevelt Dime Worth Over $500K: The Roosevelt Dime has been a cornerstone of American coinage since 1946, honoring President Franklin D. Roosevelt. While most examples are common and circulate widely, certain rare varieties have become legendary in the world of numismatics. Among them, the 1975 No S Roosevelt Dime stands out as one of the most valuable modern coins, with pristine specimens selling for more than $500,000. This guide explores the history, rarity, and identification tips for collectors seeking to understand this remarkable coin.
Historical Background
The Roosevelt Dime was introduced to replace the Mercury Dime, with a design by John R. Sinnock. The obverse features Roosevelt’s portrait, while the reverse depicts a torch flanked by an olive branch and an oak branch, symbolizing liberty, peace, and strength. By the 1970s, proof coins were struck at the San Francisco Mint, identified by the “S” mint mark. The absence of this mark in 1975 created one of the rarest modern coin varieties.
The 1975 No S Roosevelt Dime
In 1975, a small number of proof dimes were mistakenly struck without the “S” mint mark. These coins were never intended for circulation and were only discovered in proof sets. Because so few exist, they are considered one of the rarest modern U.S. coins. High-grade examples certified by professional grading services have sold for over $500,000, making them a crown jewel for collectors.
Why It Is So Valuable
Several factors contribute to the extraordinary value of the 1975 No S Roosevelt Dime:
- Extreme rarity: Only a handful of examples are known to exist.
- Proof quality: These coins were struck with special dies for collectors, giving them exceptional detail and finish.
- Historical significance: The error highlights the importance of mint marks in coinage history.
- Collector demand: Modern rarities attract intense interest from both seasoned numismatists and investors.
Key Dates and Varieties of Roosevelt Dimes
While the 1975 No S is the most famous, other Roosevelt Dime varieties are also highly collectible. The table below highlights important dates:
| Year | Mint Mark | Variety/Feature | Notes |
|---|---|---|---|
| 1949-S | S | Low mintage | Scarce early issue |
| 1968 No S | None | Proof coin missing mint mark | Rare variety |
| 1970 No S | None | Proof coin missing mint mark | Highly collectible |
| 1975 No S | None | Proof coin missing mint mark | Worth over $500,000 |
| 1983 No S | None | Proof coin missing mint mark | Popular modern rarity |
Identifying the 1975 No S Dime
Collectors must carefully examine proof sets to identify this rarity:
- Check the obverse: The date should read 1975.
- Look for the mint mark: The “S” should appear near Roosevelt’s neck. If absent, the coin may be the rare No S variety.
- Inspect the finish: Proof coins have mirror-like fields and frosted devices.
- Seek certification: Professional grading services can confirm authenticity and assign a grade.
Condition and Grading
The value of the 1975 No S Dime depends heavily on condition. Coins graded Proof-65 or higher are especially valuable. The Sheldon Scale, ranging from Poor (P-1) to Mint State/Proof-70, is used to assess quality. Even minor imperfections can significantly affect value, making careful preservation essential.
Collecting Strategies
For collectors interested in Roosevelt Dimes:
- Acquire proof sets from the 1960s and 1970s, as they may contain rare No S varieties.
- Focus on building a complete set of Roosevelt Dimes from 1946 onward.
- Upgrade coins gradually, replacing lower-grade examples with higher-grade specimens.
- Consider professional certification for high-value coins.
Risks and Scams
Because of the coin’s value, counterfeits and altered coins exist. Common scams include:
- Removing mint marks from ordinary coins to mimic the No S variety.
- Selling cleaned or damaged coins as “uncirculated.”
- Misrepresenting proof coins as rare varieties.
Collectors should buy from reputable dealers and seek certification before investing in high-value pieces.
Cultural and Numismatic Significance
The 1975 No S Roosevelt Dime is more than a coin; it is a symbol of modern numismatic rarity. Its discovery underscores the importance of mint marks and quality control in coin production. For collectors, it represents the thrill of uncovering hidden treasures in seemingly ordinary proof sets.
Conclusion
The rare 1975 No S Roosevelt Dime is one of the most valuable modern coins, with examples selling for over $500,000. Its rarity, proof quality, and historical significance make it a prized possession for collectors. While most Roosevelt Dimes are common, varieties like the 1975 No S remind us that extraordinary value can be hidden in the smallest details. For collectors, knowledge, patience, and careful identification are the keys to unlocking these treasures.
