The $10,000 Silver Roosevelt Dime: How a Tiny Error Made a Big Difference

The Roosevelt dime, introduced in 1946 to honor President Franklin D. Roosevelt, has been a staple in U.S. coinage. While most dimes hold a face value of ten cents, certain rare errors have transformed these small coins into highly coveted collectibles worth thousands. One such example is the 1965 Silver Roosevelt Dime, a transitional error that has fetched prices upwards of $10,000.

The 1965 Transitional Error: A Silver Dime Amidst Change

In 1965, the U.S. Mint transitioned from producing dimes with a 90% silver composition to a copper-nickel clad format due to rising silver prices and a national coin shortage.

However, a few dimes were mistakenly struck on the leftover silver planchets from 1964, resulting in the rare 1965 Silver Roosevelt Dime. These transitional errors are highly sought after by collectors due to their rarity and historical significance.

Identifying the 1965 Silver Roosevelt Dime

Distinguishing a 1965 silver dime from its copper-nickel counterparts involves careful examination:

• Edge Inspection: Silver dimes exhibit a uniformly silver edge, whereas clad dimes display a visible copper stripe along the edge.
• Weight Measurement: Silver dimes weigh approximately 2.50 grams, compared to the 2.27 grams of clad dimes.
• Sound Test: When dropped, silver dimes produce a distinct, higher-pitched ringing sound, unlike the duller sound of clad dimes.

Market Value and Auction Records

The value of a 1965 Silver Roosevelt Dime varies based on its condition and the demand among collectors. Generally, these dimes can command prices ranging from $3,500 to over $10,000. For instance, a well-preserved specimen was reported to have sold for more than $3,000.

Other Notable Roosevelt Dime Errors

The 1965 silver dime isn’t the only Roosevelt dime error that has caught collectors’ attention. Here are some other notable errors:

Year	Description	Estimated Value
1982	No-Mintmark Dime: Some dimes struck at the Philadelphia Mint were accidentally minted without the “P” mint mark. Approximately 75,000 of these coins exist.	Up to $2,185 for strong strikes in MS65 condition.
1996	West Point Mint (“W”) Dime: To commemorate the 50th anniversary of the Roosevelt dime, the West Point Mint struck dimes with the “W” mint mark.	$10–$16 for common examples, with coins graded MS67 or higher reaching up to $45.
1975	No-S Proof Dime: A rare proof dime struck without the San Francisco “S” mint mark. Only two known examples exist.	One example sold for $456,000 in 2019.

Collecting Tips for Aspiring Numismatists

For those interested in collecting Roosevelt dimes, especially error coins, consider the following tips:

• Educate Yourself: Familiarize yourself with the various errors and their distinguishing features.
• Invest in Tools: A good magnifying glass and a precise scale can help identify subtle differences.
• Consult Experts: Engage with numismatic communities or professionals for insights and verification.
• Stay Informed: Keep up with auction results and market trends to understand the value fluctuations of specific error coins.

The world of coin collecting is filled with fascinating anomalies that turn ordinary currency into valuable treasures.

The 1965 Silver Roosevelt Dime serves as a prime example of how a small minting error can lead to a significant increase in a coin’s value, making it a prized possession for collectors and a testament to the intricate history of U.S. coinage.

FAQs

What makes the 1965 Silver Roosevelt Dime valuable?

Its rarity as a transitional error, being mistakenly struck on a silver planchet during the switch to copper-nickel clad composition, significantly increases its value.

How can I verify if my 1965 dime is silver?

Check the coin’s edge for a solid silver appearance, weigh it to see if it matches the 2.50 grams typical of silver dimes, and listen for a higher-pitched ring when dropped.

Are there other valuable Roosevelt dime errors to look out for?

Yes, notable errors include the 1982 No-Mintmark Dime and the 1975 No-S Proof Dime, among others.

Where can I sell a rare Roosevelt dime?

Consider reputable auction houses, coin dealers, or online platforms specializing in numismatics.

How do I ensure the authenticity of my error dime?

Have the coin authenticated and graded by a reputable service like the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC).