In the realm of numismatics, certain coins transcend their face value, becoming coveted treasures for collectors. One such gem is the 1975 No-S Roosevelt Dime, a coin whose rarity and unique characteristics have propelled its value to an astonishing $450,000.
The Genesis of the Roosevelt Dime
Introduced in 1946, the Roosevelt Dime was minted to honor President Franklin D. Roosevelt, a key figure in the March of Dimes campaign against polio. Designed by John R. Sinnock, the dime features Roosevelt’s profile on the obverse and a torch flanked by olive and oak branches on the reverse, symbolizing liberty, peace, and strength.
The Enigmatic 1975 No-S Proof Dime
In 1975, the U.S. Mint produced over 2.8 million proof sets at the San Francisco Mint, each bearing the “S” mint mark. However, a minting anomaly led to the creation of a few dimes without this mark, known as the 1975 No-S Proof Dimes. To date, only two such specimens have been discovered, making them exceptionally rare.
Distinguishing Features
- Absence of the “S” Mint Mark: Located above the date on the obverse, the missing “S” indicates the coin’s origin from the San Francisco Mint.
- Proof Quality: These dimes exhibit a mirror-like finish, characteristic of proof coins, intended for collectors rather than general circulation.
Market Value and Auction Records
The scarcity of the 1975 No-S Dime has led to remarkable auction results:
- 2011: One specimen sold for $349,600.
- 2019: The same coin fetched $456,000 at auction.
- 2024: The second known example, held by an Ohio family for decades, sold for $506,250.
Table: Auction History of the 1975 No-S Roosevelt Dime
| Year | Auction Price | Notes |
|---|---|---|
| 2011 | $349,600 | First known specimen |
| 2019 | $456,000 | Same specimen resold |
| 2024 | $506,250 | Second known specimen |
The Mystery Behind the Error
The exact cause of the missing mint mark remains uncertain. Some speculate it was a deliberate act, while others believe it was an oversight during the minting process. Regardless, this error has significantly enhanced the coin’s allure among collectors.
Collecting and Identifying the 1975 No-S Dime
For enthusiasts aiming to identify this rare coin:
- Examine Proof Sets: Focus on 1975 proof sets, as the No-S dimes were part of these collections.
- Check for the Mint Mark: Inspect the area above the date on the obverse; the absence of the “S” mint mark is crucial.
- Seek Professional Authentication: Due to the coin’s rarity and value, professional grading and authentication are essential.
Conclusion
The 1975 No-S Roosevelt Dime stands as a testament to the intrigue of numismatic errors. Its rarity and the mystery surrounding its creation have captivated collectors, elevating its value to extraordinary heights. For those fortunate enough to discover such a coin, it represents not just a piece of currency but a significant artifact of American minting history.
FAQs
Why is the 1975 No-S Roosevelt Dime so valuable?
Its value stems from its extreme rarity, with only two known examples, and the unique minting error of the missing “S” mint mark.
How can I identify a 1975 No-S Dime?
Look for a 1975 proof dime without the “S” mint mark above the date on the obverse.
What should I do if I find a 1975 No-S Dime?
Seek professional authentication and grading to determine its authenticity and value.
Are there other No-S Roosevelt Dimes?
Yes, similar errors occurred in 1968, 1970, and 1983, but the 1975 No-S Dime is the rarest.
Can the 1975 No-S Dime be found in circulation?
It’s highly unlikely, as these were proof coins intended for collectors and not general circulation.
