For numismatists, certain dimes represent not just currency, but treasures of immense historical and monetary value.
Among these, five stand out for their rarity and the staggering sums they command at auctions. Below is a detailed exploration of these exceptional coins.
1. 1894-S Barber Dime
The 1894-S Barber Dime is one of the most coveted coins in American numismatics. Only 24 specimens were minted at the San Francisco Mint, possibly to balance the mint’s books or as special gifts for influential bankers.
Today, only nine are known to exist. In pristine condition, this dime has fetched up to $2 million at auction, solidifying its status as a numismatic legend.
2. 1916-D Mercury Dime
The 1916-D Mercury Dime is renowned for its low mintage of just 264,000 coins, the smallest production run of the Mercury dime series.
Struck at the Denver Mint, this dime features the iconic winged Liberty head design. Collectors highly prize this coin, with well-preserved examples commanding prices exceeding $100,000.
3. 1942/1 Mercury Dime
An intriguing error coin, the 1942/1 Mercury Dime resulted from a die misalignment where the 1942 date was stamped over a 1941 die, leaving traces of the underlying ‘1’ visible beneath the ‘2’.
This overdate error occurred at both the Philadelphia and Denver Mints, with the Denver variety being rarer. Depending on condition, these dimes can be valued up to $120,000.
4. 1968 No-S Roosevelt Dime
In 1968, a rare minting error led to the production of the 1968 No-S Roosevelt Dime, where proof dimes minted in San Francisco were released without the customary ‘S’ mint mark.
These error coins were only found in special proof sets, adding to their scarcity. Collectors value these dimes between $20,000 and $30,000, with some specimens fetching even higher prices at auction.
5. 1975 No-S Roosevelt Dime
The 1975 No-S Roosevelt Dime is an extraordinary rarity, with only two known examples. Similar to the 1968 error, these proof dimes lack the ‘S’ mint mark.
One of these dimes was sold at auction for over $500,000, underscoring its immense value to collectors.
| Dime | Year | Mint Mark | Notable Features | Approximate Value |
|---|---|---|---|---|
| 1894-S Barber Dime | 1894 | S (San Francisco) | Only 24 minted; 9 known survivors | Up to $2 million |
| 1916-D Mercury Dime | 1916 | D (Denver) | Low mintage of 264,000 | Over $100,000 |
| 1942/1 Mercury Dime | 1942 | Philadelphia or Denver | Overdate error (1942 over 1941) | Up to $120,000 |
| 1968 No-S Roosevelt Dime | 1968 | None | Missing ‘S’ mint mark on proof coin | Around $20,000–$30,000 |
| 1975 No-S Roosevelt Dime | 1975 | None | Missing ‘S’ mint mark on proof coin; only 2 known | Over $500,000 |
Collecting rare dimes is a pursuit that combines historical intrigue with significant financial investment. The dimes highlighted above are not only remarkable for their monetary value but also for the unique stories and circumstances surrounding their creation and survival. For collectors, acquiring such a coin represents the pinnacle of numismatic achievement.
FAQs
How can I determine if I have a rare dime?
Examine your dimes for key indicators such as mint marks, dates, and any unusual features like overdates or missing mint marks. Consulting a reputable coin appraisal expert or numismatic guide can provide further clarity.
Why do some dimes lack mint marks?
Certain dimes lack mint marks due to minting errors or specific production choices. For instance, some proof coins were mistakenly struck without their intended mint marks, making them rare and valuable.
Are all old dimes valuable?
Not necessarily. While age can contribute to a coin’s value, factors such as rarity, demand, condition, and unique features play a more significant role in determining a dime’s worth.
Where can I sell a rare dime?
Rare dimes can be sold through reputable auction houses, coin dealers, or numismatic shows. It’s essential to have the coin authenticated and appraised to ensure you receive its true market value.