In the vast world of numismatics, certain coins stand out not just for their age or metal content but for the intriguing stories behind their creation. One such coin is the 1968 No-S Proof Dime, a rare mint error that has captivated collectors and investors alike. With some specimens fetching up to $40,800 at auction, understanding the origins, characteristics, and value of this coin could potentially lead you to a hidden fortune.
The Genesis of the 1968 No-S Proof Dime
In 1968, the U.S. Mint resumed the practice of placing mintmarks on coins, with the San Francisco Mint producing proof coins designated by an “S” mintmark. However, due to an oversight, a small number of proof dimes were struck without this distinguishing mark. This error was promptly identified, but not before a limited quantity entered circulation, making the 1968 No-S Proof Dime an exceptionally rare find.
Distinguishing Features of the No-S Proof Dime
Identifying a 1968 No-S Proof Dime requires careful examination:
- Proof Quality: Unlike regular circulation dimes, proof coins exhibit a mirror-like finish with sharp details.
- Absence of Mintmark: Positioned above the date on the coin’s obverse side, the area should be blank, indicating the missing “S” mintmark.
- Enhanced Rims: Proof dimes typically have broader and more defined rims compared to their circulation counterparts.
It’s important to note that regular 1968 dimes from the Philadelphia Mint also lack a mintmark. Therefore, the proof characteristics are essential in confirming the coin’s identity.
Market Value and Auction Records
The rarity of the 1968 No-S Proof Dime significantly influences its market value. Auction records highlight its worth:
- PR67 Grade: A specimen sold for $40,250 in 2008.
- PR68 Grade: Achieved a price of $48,875 in 2006.
- PR69 Grade: One example fetched $45,600 in December 2022.
These figures underscore the coin’s desirability among collectors.
Comparison with Other 1968 Dime Variants
To contextualize the value of the No-S Proof Dime, consider other 1968 dimes:
| Variant | Mintmark | Mintage | Approximate Value (Uncirculated) |
|---|---|---|---|
| 1968 Philadelphia Dime | None | 424,470,400 | $4 – $475 |
| 1968 Denver Dime | D | 480,748,280 | $4 – $300 |
| 1968 San Francisco Proof Dime | S | 3,041,506 | $3 – $125 |
| 1968 No-S Proof Dime | None | Estimated < 35 | $12,000 – $48,875 |
This table illustrates the exceptional value of the No-S Proof variant compared to its counterparts.
Steps to Authenticate Your 1968 Dime
If you believe you possess a 1968 No-S Proof Dime, consider the following steps:
- Professional Grading: Submit the coin to a reputable grading service for authentication and assessment.
- Consultation: Seek advice from experienced numismatists or coin dealers.
- Market Research: Review recent auction results to gauge current market value.
The 1968 No-S Proof Dime represents a fascinating chapter in U.S. Mint history and serves as a testament to the allure of numismatic errors. Its rarity and the stories behind its creation continue to captivate collectors worldwide. Whether you’re a seasoned collector or a curious individual, examining your coin collection for this elusive dime could potentially lead to a remarkable discovery.
FAQs
What makes the 1968 No-S Proof Dime so valuable?
Its rarity, being one of the few proof dimes struck without the “S” mintmark, combined with high collector demand, significantly enhances its value.
How can I differentiate between a regular 1968 dime and the No-S Proof Dime?
Look for proof characteristics such as a mirror-like finish, sharp details, and the absence of the “S” mintmark above the date.
Are there other “No-S” proof coins from different years?
Yes, similar errors occurred in other years, including 1970, 1975, and 1990, affecting various denominations.
