A single dime selling for $950,000 may sound unbelievable, but it’s exactly what happened with the rare 1975 No-S Roosevelt dime. Originally worth just 10 cents, this small coin has become a legend in the numismatic world. Its minting error, which caused it to lack the “S” mintmark, has made it one of the rarest coins in U.S. history. In this article, we’ll explore the story behind the 1975 No-S dime, why it’s so valuable, and how you can identify if you might have one of these treasures in your collection.
The 1975 No-S Mint Dime: A Legendary Coin
The 1975 No-S Roosevelt dime was originally intended to be struck at the San Francisco Mint, where coins typically bear the “S” mintmark. However, a rare minting error led to a few dimes being struck without the “S” mark. These error coins were not released into general circulation and were only included in proof sets sold directly to collectors.
How These 3 Rare Error Dimes Reached a Value of $760,000!
To date, fewer than five examples of the 1975 No-S dime have been confirmed, making it one of the rarest and most valuable coins in modern U.S. numismatics. In a recent auction, a high-grade specimen of this dime sold for $950,000, setting a record and solidifying its place as a numismatic masterpiece.
Why Is the 1975 No-S Roosevelt Dime Worth $950,000?
Several factors contribute to the extraordinary value of the 1975 No-S dime:
1. Extreme Rarity
With fewer than five known examples, this coin is virtually unattainable for most collectors, making it incredibly rare.
2. Minting Error
The missing “S” mintmark is what makes this coin a highly sought-after error. Such minting anomalies are rare in modern U.S. coins, adding to the coin’s appeal.
3. Historical Significance
The 1975 No-S dime is an anomaly from a period when the U.S. Mint was producing highly precise proof sets, making the lack of the “S” mintmark particularly fascinating. This error reflects a rare mistake in an era known for quality control.
4. Condition
Proof coins are typically well-preserved, and the surviving examples of the 1975 No-S dime are in exceptional condition, which further increases their value.
How to Identify a 1975 No-S Roosevelt Dime
If you’re wondering whether you might have one of these rare coins, here’s what to look for:
- Mintmark Location: The “S” mintmark should appear near Roosevelt’s neck on the reverse of the dime.
- Lack of the Mintmark: If there’s no “S” mintmark, you may have the elusive 1975 No-S dime.
These coins were part of proof sets released by the U.S. Mint in 1975. If you own one of these sets, carefully inspect the dimes for the missing mintmark.
Conclusion: Could Your Coin Be Worth $950,000?
The story of the 1975 No-S Roosevelt dime demonstrates how a small minting error can elevate a humble coin into a numismatic treasure worth hundreds of thousands of dollars. With its rarity, minting error, and exceptional condition, it has become one of the most valuable modern coins.
For coin collectors, the 1975 No-S dime is a reminder that hidden treasures can often be found in the most unexpected places. If you’re lucky enough to own a proof set from 1975, it’s worth inspecting for this rare and valuable error coin. You just might be holding a $950,000 treasure!
FAQs About the 1975 No-S Roosevelt Dime
1. What is a No-S dime?
A No-S dime is a coin struck at the San Francisco Mint without the “S” mintmark, a rare minting error that occurred on some proof coins.
2. How can I identify the 1975 No-S dime?
To identify a 1975 No-S dime, look near Roosevelt’s neck for the absence of the “S” mintmark. If it’s missing, you may have one of these rare error coins.
3. How many 1975 No-S dimes exist?
Fewer than five 1975 No-S dimes are confirmed, making it one of the rarest modern U.S. coins.