The 1975 No S Proof Roosevelt Dime is one of the most famous error coins in American numismatics (coin collecting). While most dimes are common and worth only their face value, certain rare editions—like the 1975 No S Proof Roosevelt Dime—can fetch eye-popping amounts. One of these error coins was sold for an incredible $456,000 in 2019, making it one of the most valuable Roosevelt dimes ever. In this article, we will dive into the history, rarity, and value of this special coin, explaining why it is worth such a staggering amount.
What Is the 1975 No S Proof Roosevelt Dime?
1. The Proof Dime Series
The Roosevelt dime, introduced in 1946, has been a staple of U.S. coinage ever since. It features President Franklin D. Roosevelt on the front (obverse) and a torch flanked by an olive branch and an oak branch on the back (reverse). Proof dimes, which are specially minted for collectors, are produced with extra care to ensure high quality. These dimes are struck multiple times to create a sharp, clear image and are typically made from higher-quality materials.
In 1975, the U.S. Mint released Proof Roosevelt Dimes, just like every year. However, one small minting error led to a very rare and highly valuable coin: the 1975 No S Proof Roosevelt Dime.
2. The “No S” Mintmark Error
Normally, proof coins are stamped with a mintmark indicating where they were made. The San Francisco Mint uses the “S” mintmark, which is placed on the reverse side of the coin. However, in 1975, a small number of proof Roosevelt dimes were accidentally struck without the “S” mintmark. This error created the 1975 No S Proof Roosevelt Dime, and only two known examples of this coin are in existence today. This rarity is what makes the 1975 No S Proof Roosevelt Dime so valuable.
3. How Many 1975 No S Proof Dimes Exist?
It is widely believed that only two 1975 No S Proof Roosevelt Dimes were ever struck. In 1975, the U.S. Mint produced a limited number of proof coins for collectors, and the “No S” error occurred during the minting process. While these coins should have had the “S” mintmark to indicate they were made at the San Francisco Mint, they were mistakenly struck without it. This led to the creation of one of the most sought-after error coins in U.S. history.
Why Is the 1975 No S Proof Roosevelt Dime So Valuable?
1. Extreme Rarity
The key reason the 1975 No S Proof Roosevelt Dime is worth so much is its rarity. Only two of these coins have been confirmed, and they are considered among the rarest of U.S. coins. Because proof coins are already limited in number, finding one without a mintmark makes this particular dime even more special.
2. Historical Significance
The 1975 No S Proof Roosevelt Dime holds historical significance for collectors and investors. As part of the Roosevelt dime series, this error coin represents a unique moment in the Mint’s history. The fact that this error occurred in a highly collectible proof set makes it an important part of U.S. coinage history.
3. The Value of Coin Errors
Coin errors, especially those that are as rare and well-documented as the 1975 No S Proof Roosevelt Dime, tend to fetch higher prices. Collectors often seek these coins out for their rarity and the story behind them. The demand for error coins has risen significantly in recent years, contributing to the high value of the 1975 No S Proof Roosevelt Dime.
In fact, one of these error dimes sold for $456,000 at auction in 2019. This auction sale highlighted how valuable such coins can be, especially when they are in excellent condition and have been verified as authentic.
How to Identify a 1975 No S Proof Roosevelt Dime
If you think you might have a 1975 No S Proof Roosevelt Dime, here’s how to identify it:
Steps for Identification
- Check the Year: Make sure the coin is from 1975. You can find the year on the obverse side of the coin, near Roosevelt’s portrait.
- Look for the Mintmark: The 1975 No S Proof Roosevelt Dime is missing the “S” mintmark, which is usually located on the reverse side of the coin, just below the olive branch. If you see no mintmark, you may have the rare coin.
- Examine the Quality: Proof coins like the 1975 No S dime are made with a special process that gives them a shiny, almost mirror-like finish. Look for sharp details and a clean surface.
- Get the Coin Graded: If you believe you have a 1975 No S Proof Roosevelt Dime, consider sending it to a professional grading service like PCGS or NGC. They can confirm the coin’s authenticity and grade, helping to determine its value.
Value of the 1975 No S Proof Roosevelt Dime
Due to its rarity and historical importance, the value of a 1975 No S Proof Roosevelt Dime can be substantial. The most recent known sale of one of these coins occurred in 2019, when it sold for $456,000 at auction. While the price may fluctuate depending on market conditions, the extreme rarity and high demand for this error coin suggest it will remain highly valuable.
| Factor | Description |
|---|---|
| Rarity | Only two known examples of the 1975 No S Proof Roosevelt Dime exist. |
| Historical Significance | It is an important error coin from the Roosevelt dime series. |
| Market Demand | There is high demand for rare proof error coins, driving up its value. |
| Condition | Coins in excellent condition fetch higher prices, especially with professional grading. |
Conclusion
The 1975 No S Proof Roosevelt Dime is a rare and valuable error coin that has captured the attention of collectors and investors. Its extreme rarity, historical significance, and the story behind its minting error make it a highly sought-after piece. If you ever come across one of these rare dimes, it could be worth a small fortune. Whether you’re a seasoned collector or just starting out, understanding the value of such coins can help you spot hidden treasures in your collection.
FAQ’s
What makes the 1975 No S Proof Roosevelt Dime so valuable?
The 1975 No S Proof Roosevelt Dime is extremely rare, with only two known examples. Its value is driven by the mistake of missing the “S” mintmark, making it a highly sought-after error coin.
How can I identify a 1975 No S Proof Roosevelt Dime?
Look for the year 1975 on the obverse side and check the reverse for the absence of the “S” mintmark. If there is no mintmark, you may have the rare 1975 No S Proof Roosevelt Dime.
What is the value of the 1975 No S Proof Roosevelt Dime?
The 1975 No S Proof Roosevelt Dime is worth a significant amount due to its rarity. One coin sold for $456,000 at auction in 2019, but its value can fluctuate depending on market demand and condition.