What Roosevelt Dimes Are Worth Money? Unveiling the Treasures in Your Pocket Change

Roosevelt dimes, those ubiquitous pieces of pocket change featuring the iconic profile of Franklin D. Roosevelt, aren’t typically associated with great wealth. However, amidst the billions minted since 1946, certain Roosevelt dimes hold significant value for collectors. Generally, Roosevelt dimes worth money are those with errors, varieties, low mintage figures, or those made of silver (pre-1965). The condition of the coin is also a critical factor, with uncirculated coins commanding higher prices. Let’s delve into the specifics that transform a regular dime into a potentially lucrative find.

Spotting the Valuable Roosevelt Dimes

Identifying valuable Roosevelt dimes requires a keen eye and an understanding of key factors. The first step is to determine the coin’s year and mint mark. The mint mark will be located on the reverse of the coin, near the base of the torch.

Silver Content: A Golden Rule (Pre-1965)

Before 1965, United States dimes, including Roosevelt dimes, were composed of 90% silver. This is perhaps the easiest determining factor for value. These “silver dimes” are intrinsically worth more than their face value due to their precious metal content. The value fluctuates with the current price of silver, but they’re almost always worth more than 10 cents. Any Roosevelt dime minted in 1964 or earlier is a silver dime and holds inherent value.

The 1982 No Mint Mark Roosevelt Dime

The 1982 Roosevelt dime is a key date that can fetch a higher price if it is in uncirculated condition. All of the dimes minted in 1982 were supposed to be minted in either Philadelphia (P) or Denver (D). However, some 1982 Roosevelt dimes were struck without a mint mark, a glaring error that immediately flags it as a more valuable find.

Doubled Die Varieties: Magnifying the Potential

Doubled die varieties occur when the coin die itself has been improperly made, resulting in a doubling of certain design elements. Look for doubling on the inscriptions “LIBERTY,” “IN GOD WE TRUST,” or the date. While not all doubled die Roosevelt dimes are incredibly valuable, some are highly sought after by collectors, particularly those with dramatic and easily visible doubling. Use a magnifying glass to carefully examine the lettering and other details.

Full Torch (FT) Designation: Sharply Defined Details

Collectors highly value Full Torch (FT) Roosevelt dimes. This designation, awarded by third-party grading services like PCGS and NGC, indicates that the horizontal bands of the torch on the reverse are sharply defined and exhibit no wear or imperfections. FT dimes, especially in high grades, are rarer and therefore more valuable. Check the sharpness and clarity of the torch bands.

Error Coins: The Unintentional Treasures

Error coins are those that have been struck with some kind of manufacturing defect. These can include off-center strikes, blank planchets, clipped planchets, or lamination errors. The value of an error coin depends on the severity and visibility of the error, as well as its overall appeal to collectors. A dramatic, easily identifiable error will generally command a higher price.

Key Dates and Low Mintage: Rarity Rules

While most Roosevelt dimes had high mintage figures, some years and mint marks produced fewer coins than others. These low-mintage dimes are scarcer and potentially more valuable. Research specific years and mint marks to identify those with lower production numbers. Information on mintage figures is readily available online and in coin collecting guides.

Condition is King: Grading and Preservation

The condition of a Roosevelt dime is paramount to its value. Coins are graded on a scale, typically from Poor (PR) to Mint State (MS). Uncirculated (MS) coins are those that have never been in circulation and retain their original luster and details. The higher the grade, the more valuable the coin. Avoid cleaning coins, as this can damage the surface and lower their value.

Roosevelt Dimes FAQs: Your Pocket Change Questions Answered

Here are some of the frequently asked questions about the value of Roosevelt dimes, providing extra insights into this popular coin series:

1. Are all silver Roosevelt dimes valuable?

Yes, to some extent. All Roosevelt dimes minted in 1964 and earlier contain 90% silver. Their value fluctuates with the price of silver, but they are always worth more than their face value. The condition and any potential errors can further increase their value.

2. How can I tell if my Roosevelt dime is silver?

The easiest way is to check the date. If it’s 1964 or earlier, it’s silver. You can also compare the edge of the coin to a clad dime (1965 and later). A silver dime will have a solid silver-colored edge, while a clad dime will have a copper stripe.

3. What is the most valuable Roosevelt dime?

The 1982 no mint mark Roosevelt dime in high grade is considered one of the most valuable modern Roosevelt dime errors due to its scarcity. However, other error coins and high-grade silver dimes can also command significant prices.

4. What does “Full Torch” (FT) mean on a Roosevelt dime?

“Full Torch” (FT) is a designation given by third-party grading services like PCGS and NGC. It indicates that the horizontal bands on the torch on the reverse of the coin are fully struck and show no signs of wear or weakness. FT coins are more valuable than non-FT coins in the same grade.

5. Where do I find the mint mark on a Roosevelt dime?

The mint mark is located on the reverse of the coin, near the base of the torch.

6. What do the different mint marks mean?

• P: Philadelphia (sometimes absent)
• D: Denver
• S: San Francisco

7. How much is a 1964 Roosevelt dime worth?

A 1964 Roosevelt dime is made of 90% silver. Its value is tied to the spot price of silver. Check current silver prices for an approximate value, but always consider the condition of the coin, as well as any potential numismatic value, which can increase the value.

8. Should I clean my Roosevelt dimes?

Never clean coins, especially those you suspect might be valuable. Cleaning can scratch the surface and damage the coin, lowering its value.

9. Where can I sell my valuable Roosevelt dimes?

You can sell your valuable Roosevelt dimes to coin dealers, at coin shows, online auction sites (like eBay), or through dedicated coin collecting forums. Consider getting your coins graded by PCGS or NGC before selling to maximize their value.

10. What is a doubled die error, and how do I find it on a Roosevelt dime?

A doubled die error occurs when the coin die itself has been improperly made, resulting in a doubling of certain design elements. Look for doubling on the inscriptions “LIBERTY,” “IN GOD WE TRUST,” or the date. Use a magnifying glass to examine the lettering and other details.

11. Are there any rare Roosevelt dimes from the 1950s?

All Roosevelt dimes prior to 1965 are silver and have intrinsic value. Some mint marks and conditions are more valuable than others. Look to see if it has an S mint mark, this can lead to more value due to lower mintage figures.

12. How do I store my Roosevelt dimes to preserve their value?

Store your Roosevelt dimes in coin albums, coin holders, or acid-free flips. This will protect them from scratches, corrosion, and other damage. Avoid storing them in humid environments.

By understanding these key factors and being observant, you can increase your chances of finding valuable Roosevelt dimes amidst the ordinary pocket change. Happy hunting!