The 1970 Roosevelt Dime is a notable coin for collectors, even though it might not be as well-known as some other rare coins. With a mintage of 345,570,000 pieces, it marks the shift from silver to clad dimes, following the end of silver production in 1964. This coin is still commonly found today, though certain versions are more valuable, especially those in mint condition.
Overview of the 1970 Roosevelt Dime
The 1970 Roosevelt Dime was produced during a time when the U.S. Mint was transitioning from using silver in coins to a clad mix of copper and nickel. This change began after 1964, as the rising cost of silver made it less feasible to continue producing silver dimes. The 1970 Roosevelt Dime, like other coins from this period, was made with a mixture of copper and nickel, which is more cost-effective.
Minted at the Philadelphia Mint, the 1970 Roosevelt Dime did not have a mintmark. However, these coins are sometimes confused with rare Proof coins, where the mintmark “S” for San Francisco was accidentally omitted. Most 1970 dimes are found in worn condition, especially those circulating since the 1970s. However, mint state coins in good condition can still be valuable.
What Makes the 1970 Roosevelt Dime Unique?
Although the 1970 Roosevelt Dime is not rare in terms of its mintage, it stands out for a few reasons. The coin was part of the United States’ shift away from silver in everyday currency. This was also the first full year under Mint Director Mary T. Brooks. The dimes were produced using a mix of old and new presses, with some presses capable of striking multiple dimes at a time. Despite this, the quality of the coins was not as high as expected, which makes higher-grade dimes rarer and more valuable.
Value and Rarity of the 1970 Roosevelt Dime
In terms of market value, most 1970 Roosevelt Dimes are worth only face value if they are worn. However, uncirculated versions and those in better condition can sell for much more. A typical gem-grade 1970 dime might sell for around $2, though prices can fluctuate. Coins that are certified and graded in higher conditions, such as MS65, can fetch prices around $10. The real value comes from coins that have a “Full Bands” or “Full Torch” designation, which means the details on the torch are fully struck. These can sell for hundreds of dollars, especially in higher grades like MS67 or MS66.
Here is a table summarizing the key details for the 1970 Roosevelt Dime:
| Feature | Details |
|---|---|
| Year of Issue | 1970 |
| Denomination | 10 Cents (USD) |
| Mintmark | None (Philadelphia Mint) |
| Mintage | 345,570,000 |
| Alloy | 75% Copper, 25% Nickel |
| Weight | 2.27 grams |
| Diameter | 17.90 mm |
| Edge | Reeded |
| Designer | John R. Sinnock |
| Obverse Design | Franklin D. Roosevelt’s left-facing profile |
| Reverse Design | Torch flanked by olive and oak branches |
Key Features and Design
The 1970 Roosevelt Dime has a simple yet recognizable design. On the obverse, there is a profile of President Franklin D. Roosevelt, with the word “LIBERTY” in front of him, and the motto “IN GOD WE TRUST” below his chin. The date 1970 and mintmark “P” are also featured on this side. The reverse side shows a flaming torch with an olive branch on the left and an oak branch on the right. The motto “E PLURIBUS UNUM” runs along the base of the torch and branches. The edge of the coin is reeded, which is typical for dimes.
Collecting the 1970 Roosevelt Dime
For collectors, finding the 1970 Roosevelt Dime in good condition is key to its value. The 1970 version isn’t as valuable as some rare coins, but finding a high-quality coin can be a rewarding experience. Keep an eye out for coins that have been well-preserved, and consider purchasing coins from trusted dealers if you’re aiming to add rare varieties to your collection.
Whether you’re new to collecting or a seasoned numismatist, the 1970 Roosevelt Dime offers a solid start to understanding the shifts in U.S. coin production during the 20th century. With proper care and knowledge, this coin can be a valuable addition to your collection.
FAQ’s
What is the value of a 1970 Roosevelt Dime?
The value of a 1970 Roosevelt Dime depends on its condition. Most circulated coins are worth only face value (10 cents). Uncirculated coins can be worth around $2, and higher-grade certified coins may be worth $10 or more, especially those with Full Bands or Full Torch designations.
Why is the 1970 Roosevelt Dime important to collectors?
The 1970 Roosevelt Dime is important because it marks the transition from silver to clad coins in U.S. currency. It also features unique minting details, such as the absence of a mintmark on Philadelphia-produced coins, which can sometimes be confused with rare Proof coins.
How can I tell if my 1970 Roosevelt Dime is rare?
To determine if your 1970 Roosevelt Dime is rare, check if it’s in mint condition (uncirculated), has Full Bands or Full Torch details on the reverse, or is graded by a certified service like NGC or PCGS. High-grade examples can be worth significantly more than regular circulated coins.