Imagine discovering that a seemingly ordinary dime in your pocket is a rare collector’s item worth tens of thousands of dollars.
This is the case with the 1968 No “S” Proof Roosevelt Dime, a coin fetched up to $45,600 at auction. Let’s delve into the details of this fascinating numismatic rarity.
Understanding Proof Coins
Proof coins are specially minted for collectors, featuring a higher quality finish achieved through a unique minting process.
Unlike standard circulation coins, proof coins are not intended for everyday use. They often exhibit sharper details and a mirror-like finish, making them highly desirable among collectors.
The 1968 No “S” Proof Dime: A Rare Minting Error
In 1968, the San Francisco Mint began producing proof dimes, all of which were supposed to bear the “S” mint mark. However, a few of these dimes were struck without the “S” mint mark due to a minting error.
This omission occurred because the mint mark was inadvertently left off the die used to produce these coins. As a result, the 1968 No “S” Proof Dime was born—a rarity highly sought after by collectors.
Why Is This Dime So Valuable?
The value of the 1968 No “S” Proof Dime stems from its rarity and the circumstances of its creation. Only a limited number of these error coins exist, making them extremely scarce.
Their value is further influenced by their condition, with higher-graded specimens commanding premium prices.
Auction Records and Market Value
Over the years, the 1968 No “S” Proof Dime has appreciated significantly in value. For instance, in 1999, a PR68-graded example sold for $6,038 at auction.
By 2011, a PR67 example fetched $21,850, and a PR68 Cameo specimen achieved $48,875 in 2006. These figures highlight the coin’s increasing desirability and market value.
Key Features of the 1968 No “S” Proof Dime
To help identify this rare coin, here are its distinguishing characteristics:
| Feature | Description |
|---|---|
| Mint Year | 1968 |
| Mint Mark | Missing “S” (San Francisco) |
| Finish | Proof quality with mirror-like surfaces |
| Composition | 75% copper, 25% nickel over a pure copper center |
| Design | Obverse: Portrait of Franklin D. Roosevelt; Reverse: Torch flanked by olive and oak branches |
How to Check Your Dimes
Examine the coin under good lighting to determine if you possess a 1968 No “S” Proof Dime. Look for the absence of the “S” mint mark, typically located above the date on the obverse side.
Remember that proof coins have a distinctive mirror-like finish and are usually in better condition than circulation coins.
Other Valuable Dimes to Watch For
While the 1968 No “S” Proof Dime is exceptionally rare, other dimes can also be valuable due to minting errors or low mintage numbers.
For example, the 1975 No “S” Proof Dime is even rarer, with only two known specimens, one of which sold for $506,250 in 2024.
Additionally, the 1916-D Mercury Dime, known for its low mintage, can fetch significant sums, with pristine examples selling for over $150,000.
Conclusion
The world of coin collecting is filled with hidden treasures, and the 1968 No “S” Proof Dime is a prime example of how a small minting error can significantly increase a coin’s value.
If you come across a 1968 dime, take a moment to inspect it closely—you might just find a rare gem worth thousands.
FAQs
How can I authenticate a 1968 No “S” Proof Dime?
It’s advisable to have the coin evaluated by a professional grading service, such as the Professional Coin Grading Service (PCGS), to confirm its authenticity and condition.
Are there other coins with missing mint marks that are valuable?
Yes, other examples include the 1970 No “S” Dime, 1971 No “S” Nickel, and the 1990 No “S” Lincoln Cent, all of which are valuable due to their rarity.
What should I do if I find a 1968 No “S” Proof Dime?
Handle the coin carefully to preserve its condition and consult with a reputable coin dealer or grading service to assess its value.
