A single dime selling for $950,000? It sounds unbelievable, but that’s precisely what happened with the rare and extraordinary 1975 No-S Roosevelt dime. This tiny coin, originally worth just 10 cents, has become a legend in the numismatic world due to a minting error that created one of the rarest coins in U.S. history. In this article, we’ll delve into the story of the 1975 No-S dime, why it’s so valuable, and how you can identify if you might be holding one of these treasures.
The 1975 No-S Mint Dime
The 1975 No-S Roosevelt dime was part of a proof set intended to be struck at the San Francisco Mint, where coins bear the “S” mintmark. However, a few dimes were mistakenly minted without the “S” mark, creating an error coin that has since captivated collectors.
These dimes were not released into general circulation and were only included in proof sets sold directly to collectors. To date, fewer than five examples have been confirmed, making this coin one of the rarest and most valuable in modern U.S. numismatics.
One high-grade specimen of the 1975 No-S dime recently sold for $950,000 at auction, breaking records and cementing its place as a numismatic masterpiece.
Why Is It Worth $950,000?
- Extreme Rarity: With fewer than five known examples, this coin is virtually unattainable for most collectors.
- Minting Error: The missing “S” mintmark makes it a fascinating and highly sought-after error coin.
- Historical Significance: It’s a rare anomaly from a period when the U.S. Mint was producing highly precise proof sets, making such an error almost unheard of.
- Condition: Proof coins are typically well-preserved, and the few surviving 1975 No-S dimes are in exceptional condition.
The 1975 No-S Roosevelt dime exemplifies how a small minting error can elevate a humble coin into a numismatic legend. With its rarity, error, and impeccable condition, it has become one of the most valuable modern coins, fetching $950,000 at auction. For coin collectors, the story of the 1975 No-S dime is a reminder of the treasures that can lie hidden in the most unexpected places.
FAQ’s:
1. What is a No-S dime?
A No-S dime is a coin struck at the San Francisco Mint without the “S” mintmark, an error that occurred on rare occasions in proof sets.
2. How can I identify the 1975 No-S dime?
Look at the area near Roosevelt’s neck on a proof dime from 1975. If there’s no “S” mintmark, it could be the rare error coin.
3. How many 1975 No-S dimes exist?
Fewer than five are confirmed, making it one of the rarest modern U.S. coins.
4. Are 1975 No-S dimes found in circulation?
No, these dimes were only included in proof sets, which were sold directly to collectors.
5. How can I have my coin authenticated?
Submit your coin to a reputable grading service like PCGS or NGC, which can verify its authenticity and assign a grade based on its condition.
