In the world of coin collecting, some coins can be worth a lot more than you think. One of these coins is the 1975 “No-S” Roosevelt dime. Recently, a rare version of this dime sold for over $500,000 at auction. This huge amount has caught the attention of collectors and people everywhere. If you find one of these dimes, it could mean big money for you!
What Makes the 1975 No-S Dime So Valuable?
The 1975 “No-S” dime is valuable because it is very rare. It has a special mistake that makes it stand out from other dimes. Normally, dimes minted in San Francisco have an “S” mintmark on them. However, this dime was accidentally made without it. Only two of these rare dimes are known to exist, making it a treasure for collectors.
These dimes are known as proof coins. Proof coins are specially made to have high quality and detail. They are not meant to be spent, so they usually look very good and are kept in special proof sets.
How to Identify the 1975 No-S Proof Dime
If you want to look for a 1975 No-S dime, you need to search through 1975 proof sets. It’s very unlikely to find one in your everyday coins. Here are some tips to help you spot this valuable coin:
- Missing “S” mintmark: Check for the “S” next to the year. If it’s not there, you could have a No-S dime!
- Proof finish: The dime should have a shiny, mirror-like finish that looks different from regular coins.
- Condition: Since proof coins aren’t used in everyday transactions, they usually show very little wear and tear.
Historical Sales and Current Value
The 1975 No-S dime is extremely rare. The first known example sold for $18,200 in 1978 (around $90,000 in today’s value) and recently resold at an auction held by GreatCollections, fetching $506,250. This price reflects its rarity and collector demand.
The whereabouts of only two 1975 No-S dimes have been confirmed, leaving collectors intrigued by the potential existence of others.
| Attribute | Details |
|---|---|
| Year of Minting | 1975 |
| Mint Error | Missing “S” mintmark |
| Auction Price (2024) | Over $500,000 |
| Number Known | 2 |
| Proof Coin | Yes, part of proof sets |
Why Are Mint Errors So Valuable?
Coins with minting errors are incredibly valuable to collectors because they represent unique variations from standard mint production. The U.S. Mint carefully controls coin quality, so errors, especially in proof sets, are exceedingly rare.
Tips for Aspiring Coin Collectors
If you’re interested in coin collecting, start by examining proof sets and learning about the distinct characteristics of proof coins. Professional grading services can help verify authenticity and assign a grade, which can significantly impact a coin’s value.
FAQ’s
What is the 1975 No-S dime?
The 1975 No-S dime is a rare coin without the “S” mintmark that typically indicates it was minted in San Francisco.
How many 1975 No-S dimes are known to exist?
Only two known examples of the 1975 No-S dime exist, making them highly sought after by collectors.
Why is the 1975 No-S dime valuable?
Its value comes from its rarity and the minting error, making it a prized possession among coin collectors.
How can I tell if I have a 1975 No-S dime?
Look for the absence of the “S” mintmark and check for a mirror-like finish, which indicates it is a proof coin.
Where can I find proof sets that might contain the 1975 No-S dime?
Proof sets can be found at coin shows, auctions, or through specialized coin dealers.