The 1968 No-S Roosevelt Dime: A Rare and Valuable Minting Error
In the realm of coin collecting, minting errors can elevate an otherwise ordinary coin into a highly coveted rarity. One prime example is the 1968 No-S Roosevelt Dime—a proof coin that has captivated the attention of collectors and numismatists due to its scarcity and impressive value.
Auction prices have reached over $30,000, showcasing how a minting error can transform into an extraordinary numismatic treasure.
What Makes the 1968 No-S Roosevelt Dime Unique?
In 1968, the U.S. Mint began producing proof coins at its San Francisco facility. These proof coins are distinguished by their mirror-like surfaces and sharp, detailed features, and they typically include an “S” mintmark to signify their origin.
However, a small batch of Roosevelt dimes struck that year was released without the expected “S” mintmark. These error coins, now known as the 1968 No-S Proof Dimes, were mistakenly included in proof sets sold to collectors. Their lack of a mintmark, combined with their proof status, has made them extremely rare and highly desirable.
Why Is This Coin So Valuable?
Several key elements contribute to the high value and demand for the 1968 No-S Roosevelt Dime:
- Extreme Rarity: Fewer than 15 examples are believed to exist, with most experts estimating only around 12 verified coins in all conditions.
- Minting Error: The missing “S” mintmark, which should appear on all San Francisco Mint proof dimes, is a notable and unusual error.
- Proof Quality: These dimes were produced as proof coins, meaning they were struck with greater precision and detail for collector purposes—not general circulation.
- Condition and Appearance: High-grade specimens, especially those with cameo or deep cameo contrast, command the highest premiums in the market.
Notable Auction Results
Over the years, this dime has fetched impressive prices at various auctions:
| Year | Grade | Auction House | Sale Price |
|---|---|---|---|
| 2006 | PR68 | Heritage Auctions | $48,875 |
| 2015 | PR68 | GreatCollections | $31,102.50 |
| 2025 | PR69 | eBay | $39,995.10 |
These figures reflect the coin’s enduring appeal and exceptional market value.
How to Identify a 1968 No-S Roosevelt Dime
If you suspect you have one of these rare dimes, here’s what to look for:
- No Mintmark: Examine the obverse (front) of the coin. A genuine 1968 No-S Dime will lack the “S” mintmark typically found on proof coins from that year.
- Proof Appearance: Look for the hallmark proof features—a highly polished, reflective background with frosted design elements.
- Professional Grading: Because of its rarity and potential value, authentication by a professional grading service such as NGC or PCGS is strongly recommended.
A Coveted Coin Among Collectors
The 1968 No-S Roosevelt Dime serves as a remarkable reminder of how a small minting oversight can create a legendary collectible. With only a handful known to exist, this coin continues to generate excitement in the numismatic community. If you happen to own a 1968 Roosevelt Dime, take a closer look—it might be worth a small fortune.
FAQs
How rare is the 1968 No-S Roosevelt Dime?
It’s estimated that only about 12 examples of this coin exist, making it one of the rarest proof dimes ever produced in the United States.
What’s the highest grade achieved for this coin?
The highest certified grade is PR69, which has sold for nearly $40,000 at auction.
Is it possible to find this coin in everyday change?
While extremely unlikely—since these were released in proof sets intended for collectors—rare coins have occasionally turned up in circulation, so it’s always worth checking.