Dimes are often overlooked in everyday transactions, but certain rare specimens can be worth a fortune. Some dimes, due to their rarity, historical significance, or unique features, have become highly sought after by collectors, fetching substantial sums at auctions. This article explores three such rare dimes that, despite their ordinary appearance, are exceptionally valuable.
1. 1894-S Barber Dime
The 1894-S Barber Dime is one of the most coveted coins among collectors. Minted in San Francisco in 1894, only 24 of these dimes were produced, making it an extraordinary rarity. Of these, merely nine are known to exist today. The coin features Lady Liberty on the obverse and a wreath encircling the words “ONE DIME” on the reverse.
The circumstances surrounding its limited mintage remain a mystery. Some speculate that the superintendent of the San Francisco Mint had them struck as gifts for bankers, while others believe they were minted to balance a $2.40 discrepancy in the mint’s accounts. One anecdote suggests that three of these dimes were given to the superintendent’s daughter, who spent one on ice cream.
Due to its scarcity, the 1894-S Barber Dime has achieved remarkable auction results. In 2005, one sold for $1.3 million, and another fetched $1.9 million in 2007. More recently, in 2016, the finest known example was auctioned for $1,997,500.
2. 1975 “No S” Proof Roosevelt Dime
The 1975 “No S” Proof Roosevelt Dime is a modern rarity. Proof coins are specially made for collectors and typically bear a mint mark indicating their origin. However, a few 1975 proof dimes minted in San Francisco lack the “S” mint mark, making them exceptionally rare. Only two such dimes are known to exist.
One of these dimes was purchased in 1978 for $18,200 and remained hidden in a family vault for decades. In 2024, it was sold at auction for over $500,000. The other known example was sold in 2019 for $456,000. The absence of the mint mark was a minting error, and these dimes were part of special proof sets intended for collectors, making their rarity even more significant.
3. 1916-D Mercury Dime
The 1916-D Mercury Dime, minted in Denver, is another highly sought-after coin. With a mintage of only 264,000, it is the key date of the Mercury dime series. The obverse features the Winged Liberty Head, often mistaken for the Roman god Mercury, while the reverse displays a fasces and an olive branch, symbolizing strength and peace.
High-grade examples of the 1916-D Mercury Dime are particularly valuable. Coins graded MS67 with Full Band details, indicating sharp and complete horizontal bands on the fasces, can fetch over $200,000 at auctions. The coin’s value is significantly influenced by its condition and the clarity of its design details.
| Coin | Year | Mint Mark | Mintage | Notable Features | Auction Record |
|---|---|---|---|---|---|
| 1894-S Barber Dime | 1894 | S | 24 | Extremely rare; historical anecdotes | $1,997,500 (2016) |
| 1975 “No S” Proof Roosevelt Dime | 1975 | None | 2 known | Missing “S” mint mark; proof coin | Over $500,000 (2024) |
| 1916-D Mercury Dime | 1916 | D | 264,000 | Key date; high-grade examples with Full Bands are highly valued | Over $200,000 |
In conclusion, while dimes may seem ordinary, certain rare specimens hold significant value due to their scarcity, unique features, and historical context. Collectors treasure these coins, and they continue to fetch impressive sums at auctions.
FAQs
Why are some dimes without mint marks valuable?
Certain dimes, like the 1975 “No S” Proof Roosevelt Dime, are valuable because the absence of the mint mark was an error in proof coins, making them exceptionally rare.
What does “Full Bands” mean on a Mercury Dime?
“Full Bands” refers to the horizontal bands on the fasces on the reverse of the Mercury Dime being fully separated and distinct, indicating a sharp strike and higher value.
How can I determine the value of a rare dime?
The value depends on factors like rarity, condition, demand, and historical significance. Consulting with a professional coin appraiser or referencing recent auction results can provide accurate valuations.
Are there other rare dimes I should look out for?
Yes, dimes like the 1873-CC Liberty Seated Dime and the 1844-O Seated Liberty Dime are also considered rare and valuable.
How can I preserve the condition of a rare dime?
Store coins in a cool, dry place, preferably in protective holders. Avoid cleaning them, as this can reduce their value.
