The 1975 No-S Roosevelt Dime is one of the rarest and most sought-after coins in U.S. history. This particular dime stands out because it was mistakenly minted without the “S” mintmark, which usually indicates it was produced at the San Francisco Mint. With only two known specimens, this error coin has captured the attention of collectors and investors alike, fetching prices as high as $450,000 at auctions. Let’s dive into why this dime is so valuable, how to identify it, and its incredible story.
What Makes the 1975 No-S Roosevelt Dime Special?
The absence of the “S” mintmark on proof coins is exceptionally rare. Proof coins are typically made for collectors and are struck with greater detail and polish than regular coins. In 1975, a few proof Roosevelt Dimes were minted without the “S” designation, creating one of the most valuable errors in U.S. numismatics.
Key Features of the 1975 No-S Roosevelt Dime
| Feature | Description |
|---|---|
| Mint Year | 1975 |
| Mintmark | None (missing “S”) |
| Mintage | Estimated only 2 known specimens |
| Condition | Proof |
| Auction Record | Over $450,000 |
How Was This Error Discovered?
The error was first noticed by collectors in the 1970s when they examined proof sets from that year. Typically, proof coins from San Francisco feature an “S” mintmark, but these error coins were minted without it. This mistake is believed to have occurred due to an oversight during the die preparation process.
Why Is It So Valuable?
The incredible value of the 1975 No-S Roosevelt Dime comes down to rarity, demand, and condition. With only two specimens confirmed to exist, this coin is considered a “holy grail” among collectors. Its flawless proof finish further enhances its appeal.
How to Identify a 1975 No-S Roosevelt Dime
- Proof Finish: The dime should have a highly polished surface with sharp details, characteristic of proof coins.
- No Mintmark: Look at the bottom of the coin’s obverse side, near Roosevelt’s neck. The absence of an “S” indicates it’s a No-S variety.
- 1975 Date: Ensure the coin’s date is 1975.
Where Can You Find This Coin?
Finding a 1975 No-S Roosevelt Dime is extremely unlikely, as both known specimens are already accounted for in private collections. However, if you own proof sets from 1975, it’s worth double-checking for this rare error.
Auction Records and Market Value
The most notable auction sale of a 1975 No-S Roosevelt Dime occurred in 2019 when it sold for $456,000. Coins of this caliber are typically sold through major auction houses such as Heritage Auctions or Stack’s Bowers.
Other Rare Coins Similar to the 1975 No-S Dime
If you’re fascinated by rare coins, here are a few others to keep an eye on:
| Coin | Feature | Estimated Value |
|---|---|---|
| 1943 Copper Penny | Minted on copper instead of steel | $100,000+ |
| 1955 Doubled Die Lincoln Cent | Noticeable doubling on obverse | $1,000+ |
| 1913 Liberty Head Nickel | Only 5 known | Over $4 million |
Conclusion
The 1975 No-S Roosevelt Dime is a fascinating piece of U.S. numismatic history, offering a glimpse into the world of rare and valuable error coins. Its rarity and high market value make it a treasure for collectors and enthusiasts alike. While finding one is nearly impossible, the story of this unique dime continues to inspire the coin-collecting community.
FAQs
1. How many 1975 No-S Roosevelt Dimes exist?
Only two specimens are confirmed to exist, making this coin extremely rare.
2. What is the highest price paid for this coin?
The record auction price for the 1975 No-S Roosevelt Dime is $456,000.
3. How can I check if I own one?
Examine any 1975 proof sets you own. Look for a polished proof finish and ensure there’s no “S” mintmark.
4. Why does the absence of the mintmark matter?
The missing mintmark indicates a significant minting error, drastically increasing the coin’s rarity and value.
5. Can I still find this coin today?
The two known specimens are in private collections, so discovering another would be extraordinarily unlikely.