The 1949-S Roosevelt Dime is a notable coin in the Roosevelt Silver Dime series. It is famous for being one of the rarest dimes, although it is not the rarest overall. Understanding its history, unique features, and value can help collectors appreciate this coin even more. In this article, we’ll explore the details of the 1949-S Roosevelt Dime, including its minting process, varieties, market data, and design elements.
| Feature | Details |
|---|---|
| Year of Minting | 1949 |
| Mint Location | San Francisco |
| Total Mintage | 13,510,000 |
| Designer | John Sinnock (Chief Engraver) |
| Obverse Design | Bust of President Franklin D. Roosevelt |
| Reverse Design | Features a torch, olive branch, and oak branch |
| Common Varieties | ODV-002, RPM-001, RPM-002 |
| Estimated Value (Worn) | $5 – $10 |
| Estimated Value (MS65) | $1,000+ |
| Highest Recorded Sale | $11,812.50 (PCGS MS68FB) |
| Mint Mark Type | Trumpet Tail Font |
| Key Features | Larger designer initials, sans serif “GOD” |
The Significance of the 1949-S Roosevelt Dime
The 1949-S Roosevelt Dime is significant in the world of numismatics (the study of coins) for several reasons. While it was minted in relatively high numbers—13,510,000 coins—it remains an interesting piece for collectors. This coin stands out due to its unique characteristics and the context in which it was produced.
Minting and Economic Context
In the late 1940s, the U.S. Mint faced challenges, including a short economic recession from November 1948 to October 1949. This recession led to higher unemployment and a decline in demand for new coins. In 1949, the San Francisco Mint produced significantly fewer dimes than in the previous year, with only 38% of the 1948 output and 66% of the 1950 production. This production fluctuation is an important part of the coin’s history.
Unique Features of the 1949-S Roosevelt Dime
The 1949-S Roosevelt Dime has some interesting features that make it a favorite among collectors. Let’s take a closer look at its design and varieties.
Design Elements
The obverse (front) of the 1949-S Roosevelt Dime features a left-facing bust of President Franklin D. Roosevelt. The word “LIBERTY” is inscribed above his head, and the national motto “IN GOD WE TRUST” is positioned below. The initials of the designer, John Sinnock, can be found below Roosevelt’s neck. The year of minting, 1949, is also included on this side of the coin.
Varieties and Mintmark Errors
The 1949-S dime has two notable varieties related to the mintmark (the small mark indicating where the coin was made). The San Francisco Mint used a sans serif font for the word “GOD” instead of the traditional Trumpet Tail font. Additionally, the designer’s initials are larger on the 1949-S dime than on earlier versions.
There are also two repunched mintmark varieties for this coin: RPM-001 and RPM-002. These designations refer to slight positioning errors that occurred during the minting process when the mintmark was punched into the coin. RPM-001 shows a slight drift to the west, while RPM-002 has a more noticeable drift to the northwest. Collectors often seek out these variations as they can increase the coin’s value.
Market Value of the 1949-S Roosevelt Dime
Now that we understand the coin’s design and unique features, let’s look at its market value.
General Valuation
The average rarity of the 1949-S Roosevelt Dime is estimated at 1 across all grades, and about 2.2 in MS65 (Mint State 65) or better. This dime typically sells for about twice the value of other common Roosevelt Dimes in lightly worn grades. The mid-range examples (grades 35-55) can be found for $5 to $10.
High-Grade Examples
High-grade examples of the 1949-S Roosevelt Dime, particularly those with Full Torch or Full Bands designations, can fetch significantly higher prices. Noteworthy sales have occurred in the auction market:
- A PCGS MS67+FB dime sold for over $1,000 at Heritage Auctions in June 2013.
- Another example, a PCGS MS68FB, sold for a record price of $11,812.50 in 2020.
These prices reflect the coin’s desirability and the collector’s market’s willingness to pay for high-quality specimens.
Market Data and Auction Results
Various sales data and notable specimens can shed light on the current market trends for the 1949-S Roosevelt Dime.
Auction Highlights
- In April and October 2024, the population of PCGS MS67+FB coins has remained steady at 17.
- A reported PCGS MS68FB sold for over $11,000, showing how high-grade coins can reach remarkable prices in the auction market.
Additional Sales Data
- Many PCGS MS67+FB coins have sold for prices between $1,000 and $3,000, depending on their specific characteristics, such as toning and condition.
- Coins with unique toning, especially those with rainbow toning, are particularly sought after and can command even higher prices.
Conclusion
The 1949-S Roosevelt Dime is more than just a coin; it represents a unique moment in American history. It reflects economic conditions of the late 1940s and showcases interesting minting features that collectors appreciate. Understanding its rarity, varieties, and market value is crucial for anyone interested in numismatics. Whether you’re a seasoned collector or a beginner, the 1949-S Roosevelt Dime offers a fascinating glimpse into the world of coin collecting.
In summary, this dime is a key piece in the Roosevelt Silver Dime series, appreciated for its history and unique features. Its market value can vary significantly based on condition and rarity, making it a valuable addition to any collection.
FAQs
1. What is the 1949-S Roosevelt Dime?
The 1949-S Roosevelt Dime is a ten-cent coin minted in San Francisco, featuring President Franklin D. Roosevelt. It is part of the Roosevelt Dime series.
2. Why is the 1949-S Roosevelt Dime important?
This coin is significant because it is one of the key dates in the Roosevelt Dime series, known for its lower mintage compared to other years. It is interesting to collectors and often commands a higher price.
3. How many 1949-S Dimes were made?
A total of 13,510,000 dimes were minted in 1949, making it less rare than some other coins but still desirable for collectors.
4. What are the different varieties of the 1949-S Dime?
here are a couple of notable varieties for the 1949-S Dime, including:
ODV-002: Features a sans serif font for the word “GOD.”
RPM-001 and RPM-002: These refer to repunched mintmarks, indicating slight positioning errors.
5. What is the value of a 1949-S Roosevelt Dime?
The value can vary based on condition. In worn grades, it typically sells for $5 to $10. In higher grades, particularly those graded MS65 or better, it can be worth over $1,000.