The Roosevelt dime has been a staple of American coinage since 1946, honoring President Franklin D. Roosevelt after his passing. While most dimes are common and circulate at face value, certain rare varieties and minting errors have elevated some examples to legendary status. In fact, one extraordinary Roosevelt dime has sold for as much as $15.8 million, making it one of the most valuable coins in U.S. history. This guide explores the history, design, rare varieties, and values of Roosevelt dimes, helping collectors understand why these coins remain so desirable in 2026.
History of the Roosevelt Dime
The Roosevelt dime was introduced in 1946, replacing the Mercury dime. Designed by John R. Sinnock, the coin features Roosevelt’s portrait on the obverse and a torch flanked by an olive branch and oak branch on the reverse. Initially, the dime was struck in 90 percent silver until 1964, after which it transitioned to copper‑nickel clad due to rising silver prices.
Design Features
- Obverse: Portrait of Franklin D. Roosevelt.
- Reverse: Torch symbolizing liberty, olive branch for peace, and oak branch for strength.
- Mint Marks: P (Philadelphia), D (Denver), S (San Francisco), W (West Point for special issues).
- Composition: 90 percent silver until 1964, copper‑nickel clad afterward, with silver proofs available in collector sets.
Why Roosevelt Dimes Can Be Valuable
Most Roosevelt dimes are common, but certain factors make some worth millions:
- Silver composition in early issues.
- Rare minting errors such as double dies or wrong planchet strikes.
- Low‑mintage proof coins.
- Exceptional condition certified by professional grading services.
- Collector demand for transitional issues and rare varieties.
Rare Varieties and Errors
1949-S Roosevelt Dime
With a relatively low mintage, the 1949-S dime is one of the scarcer early issues. High‑grade examples are highly collectible.
1968 No S Proof Dime
A proof dime struck in San Francisco without the “S” mint mark is extremely rare and valuable.
1970 No S Proof Dime
Similar to the 1968 variety, this proof coin lacks the mint mark, making it highly sought after.
1982 No P Roosevelt Dime
Some Philadelphia‑minted dimes were struck without the “P” mint mark. These are rare circulation finds.
1996-W Roosevelt Dime
Issued to celebrate the 50th anniversary of the series, this West Point‑minted dime is a modern rarity.
1975 No S Proof Dime
One of the rarest proof errors, with only a few known examples.
1965 Transitional Error Dime
Some dimes were mistakenly struck on silver planchets instead of clad, making them extremely valuable.
Value Chart
| Coin | Description | Approximate Value Range |
|---|---|---|
| 1949-S | Low mintage | $50 – $500 |
| 1968 No S Proof | Missing mint mark | $10,000 – $50,000+ |
| 1970 No S Proof | Missing mint mark | $20,000 – $75,000+ |
| 1982 No P | Missing mint mark | $100 – $1,500 |
| 1996-W | Anniversary issue | $20 – $200 |
| 1975 No S Proof | Extremely rare | $100,000 – $500,000+ |
| 1965 Transitional Error | Wrong planchet | $50,000 – $150,000+ |
| Rare Auction Example | Exceptional rarity | $1,000,000 – $15,800,000+ |
Collecting Tips
- Always check mint marks carefully, as missing marks can dramatically affect value.
- Proof coins from San Francisco are more collectible than circulation strikes.
- Use magnification to spot doubling or unusual features.
- Store coins in protective holders to preserve condition.
- Consider professional grading to authenticate rare varieties.
Key Highlights
- The Roosevelt dime was introduced in 1946 and remains a popular collectible.
- Rare varieties include the 1968 No S, 1970 No S, 1975 No S, and 1982 No P dimes.
- Transitional errors and proof issues are especially valuable.
- One Roosevelt dime has sold for $15.8 million, making it a collector’s dream.
- Condition, rarity, and mint marks are the most important factors in determining value.
Final Words
The Roosevelt dime is more than just a small coin; it is a piece of American history and a tribute to President Franklin D. Roosevelt. While most examples are worth only face value, rare varieties and high‑grade coins can be worth thousands, even millions. For collectors, the thrill of discovering one of these treasures is unmatched. Whether you are just beginning your coin collecting journey or are an experienced numismatist, the Roosevelt dime offers both historical significance and the excitement of hidden treasures that continue to inspire admiration in 2026 and beyond.
