The world of coin collecting holds exciting surprises, especially when it comes to rare error coins. One such treasure is the 1968-S dime, a coin that most people overlook but could potentially hold immense value. A unique error in this series has captured the attention of collectors worldwide.
Some of these dimes contain errors so rare that their value has skyrocketed to over $500,000. If you happen to own a 1968-S dime or want to know what to look for, this article will guide you through the important details of this extraordinary coin.
1968-S Dime
The 1968-S dime is part of the Roosevelt dime series, minted in San Francisco. Unlike standard dimes, the “S” marking signifies it was struck in a special mint facility and is considered a collector’s item. Typically, these coins would not stand out from other Roosevelt dimes, but an unusual error in this minting year has made specific versions highly valuable.
The coin features the likeness of Franklin D. Roosevelt, with the word “Liberty” to his left and “In God We Trust” inscribed below his chin. However, error types on some of these dimes make them unique among collectors.
No-S Proof Error
One of the most remarkable errors associated with the 1968-S dime is the missing “S” mintmark. Known as the “No-S Proof Error,” this version was produced without the mintmark, making it exceptionally rare. This error occurred during the proof strike process, a type of minting designed for collectors that generally produces coins of higher quality.
Despite this precision, a small number of dimes were struck without the identifying “S” mintmark, leading to a significant spike in the coin’s value. Collectors consider these No-S dimes valuable for their rarity, with some specimens valued as high as $500,000.
Double Die Obverse
Another rare error seen in the 1968-S dime is the “Double Die Obverse.” This error results from a misalignment during the minting process, causing elements on the front of the coin, such as the date or the inscriptions, to appear doubled. Collectors look for this type of error as it’s one of the telltale signs of a unique coin worth much more than face value.
While not as high in value as the No-S Proof Error, a 1968-S dime with a Double Die Obverse can still command significant prices among collectors and investors.
High-Quality Condition
The condition of a 1968-S dime heavily influences its value. Coins that have been preserved in near-perfect or “mint” condition are always more desirable to collectors. Proof coins are often preserved in special packaging, protecting them from damage over time, and increasing their appeal to numismatists.
Collectors should look for coins with minimal wear, as those in better condition can attract higher prices. A high-quality 1968-S dime with an error may be worth several times its weight in silver, further enhancing its collectible appeal.
Valuation and Rarity
Coin Type | Error Type | Approximate Value | Rarity Level | Market Demand |
---|---|---|---|---|
1968-S Dime | No-S Proof Error | $500,000+ | Extremely Rare | Very High |
1968-S Dime | Double Die Obverse | $3,000 – $7,000 | Rare | High |
1968-S Dime | Mint Condition | $100 – $500 | Uncommon | Moderate |
1968-S Dime | Standard Proof | $1 – $10 | Common | Low |
1968-S Dime | Circulated Condition | Face Value | Very Common | Low |
Collectors interested in adding valuable coins to their portfolios should pay attention to the market demand and rarity level listed above. This table summarizes the approximate value and rarity associated with different conditions and errors of the 1968-S dime.
For those who may have inherited coins or casually hold onto pocket change, a quick review of your collection could reveal an unexpected treasure. The value of error coins can be greatly impacted by collector interest, rarity, and market trends, making it essential to have your coins appraised if you suspect one may be rare.
FAQs
A: The No-S Proof Error on the 1968-S dime is incredibly rare, as only a small number were minted without the “S” mintmark. This minting mistake has made the coin a highly sought-after item among collectors, with some of these dimes valued over $500,000.
A: The Double Die Obverse error on the 1968-S dime shows as a slight doubling effect on the date or inscriptions on the front of the coin. This error gives certain parts of the coin a shadowed or overlapped appearance, making it distinct.
A: If you believe you possess a valuable 1968-S dime, it’s best to consult a professional coin appraiser or certified numismatist. They can confirm its authenticity, determine its condition, and provide a precise market value.
A: Proof coins are produced with a specialized minting process that yields a higher quality finish and is often limited in quantity. This attention to detail, along with any errors, makes proof coins more appealing and valuable to collectors.
A: Circulated 1968-S dimes without errors are typically worth face value. However, if the coin is in exceptional condition or features a rare error, it could hold significant value beyond its standard worth.