Roosevelt Dime Values
Roosevelt dime values can vary between the value of the metals they contain and the price they would fetch at an auction for rare coins. If they are rare, their condition will also have a bearing on it. Read on for a look at Roosevelt dimes and the current values of them.
Before learning the value of a Roosevelt dime, it is helpful to consider some of the terms used in coin collecting.
- Obverse and Reverse - these are the two sides of a coin. Obverse is the “heads,” or front, reverse is the back.
- Planchet - the blank or piece of metal alloy used to make a coin.
- Die - the stamp pushed onto the planchet.
- Strike - the actual making of the coin
- Doubling - when the die strikes the planchet two times
- Proof or Cameo - This is a special coin made for collectors that uses a specially treated and polished die. This makes the coin have a mirror-like finish.
- Grade – The Sheldon Scale was created to assess the condition of coins. It ranges from Poor P-1 to Mint State MS-70. Mint State is a perfect coin that has not been circulated.
- Mint Mark - This is a letter each U.S. Mint puts on the coins they strike. Four U.S. Mints operate today: P - Philadelphia, D - Denver, S - San Francisco, and W - West Point. U.S. Mints no longer operating are: O - New Orleans; C - Charlotte, NC; CC - Carson City; and D - Dahlonega, GA.
About Roosevelt Dime Values
There are several things that can make a coin valuable. How rare it is factors into its value, along with its condition. Some U.S. Mints did not make very many of certain coins, so that can add to its value. If there is no mint mark, it is probably a coin from Philadelphia or an error. Errors can greatly increase the value of a coin, like a double strike or a flaw on the die. Also, the melt value of a coin, which is how much you can get if it is melted down, will vary according to the current market price of the metals in it.
The Roosevelt Dime was 90 percent silver and 10 percent copper from 1946 to 1964. After that, they had an inner core of 100 percent copper with two outer layers of 75 percent copper and 25 percent nickel. So the most valuable Roosevelt coins would be those minted from 1946 to 1964, which are mostly silver. The current market value of these Roosevelt dimes, as of September 27, 2010, would be $1.5543. This is $1.5524 for the silver and $0.0019 for the copper.
So, what were the Roosevelt dime values? Since these are pretty recent coins, there are not any considered very valuable. Here are some more valuable than others along with an explanation of the three levels of conditions of the coins.
- XF-40 is extremely fine with sharp details and some luster remaining.
- AU-50 and up is About Uncirculated with at least half of the luster and just traces of wear.
- MS-60 and up (Mint State) are near perfect coins. It is sometimes shown as UNC, which stands for uncirculated.
|Date and Mint Mark||XF||AU||MS|
The Roosevelt Dime
Now that you know the Roosevelt dime values, you may also want some information about the dime itself. The decision was made to honor Franklin Roosevelt right after his death in 1945. Other than being a great leader in extremely difficult times (Great Depression and World War II), he was honored for his work in establishing the March of Dimes. He founded the National Foundation for Infantile Paralysis, which had an annual fundraiser called the March of Dimes, and the foundation later changed its name to the March of Dimes.
The U.S. Mint started producing the Roosevelt Dime in 1946 and is still minting it today. The obverse has the head of Roosevelt in profile with the words “Liberty” and “In God We Trust” on it. The reverse has an olive branch for peace, a torch for freedom, and an oak branch for victory.