The world of coin collecting is filled with intriguing stories of rare finds and valuable errors. One such captivating tale centers around the 1970-S No S Proof Roosevelt Dime, a coin that, due to a minting oversight, has become a coveted treasure among numismatists. Remarkably, some of these error coins are still discovered in circulation today, with values reaching up to $1,300.
Understanding the 1970-S No S Proof Roosevelt Dime
In 1970, the San Francisco Mint produced proof sets intended for collectors, each bearing the distinctive “S” mint mark. However, a small number of Roosevelt dimes were mistakenly struck without this mark, resulting in the “No S” proof dimes. These coins were included in proof sets and distributed to collectors, making their way into circulation over time.
Key Features of the 1970-S No S Proof Dime
- Minting Error: Absence of the “S” mint mark on the obverse side, which is typically present on San Francisco Mint-proof coins.
- Proof Quality: High-quality mirror-like finish with sharp details, characteristic of proof coins.
- Limited Quantity: Approximately 2,000 of these error coins were produced, contributing to their rarity and desirability among collectors.
Identifying the 1970-S No S Proof Dime
To determine if you have a 1970-S No S Proof Dime, examine the following aspects:
- Mint Mark: Check for the absence of the “S” mint mark above the date on the obverse side.
- Proof Characteristics: Look for a mirror-like finish and sharp details, indicative of a proof coin.
- Date: Ensure the coin is dated 1970.
Value and Market Trends
The value of a 1970-S No S Proof Roosevelt Dime varies based on its condition and market demand. As of recent evaluations:
- Average Condition: Coins in average proof condition can fetch around $500 to $700.
- High Grade: Specimens graded PR68 or higher have been known to sell for $1,000 to $1,300 or more at auctions.
Grading and Estimated Values of the 1970-S No S Proof Dime
| Grade | Description | Estimated Value (USD) |
|---|---|---|
| PR65 | Gem Proof | $500 – $700 |
| PR66 | Choice Gem Proof | $700 – $900 |
| PR67 | Superb Gem Proof | $900 – $1,100 |
| PR68 | Near Perfect Proof | $1,100 – $1,300 |
| PR69 | Virtually Flawless Proof | $1,300+ |
Note: Values are approximate and subject to change based on market conditions.
Why Some Are Still Found in Circulation
Despite their intended purpose as collector’s items, some 1970-S No S Proof Dimes have entered general circulation. This occurrence can be attributed to:
- Unawareness: Original owners or their heirs may have been unaware of the coin’s rarity and spent them as regular currency.
- Estate Liquidations: Collections sold or dispersed without proper evaluation can lead to rare coins entering circulation.
Tips for Collectors and Enthusiasts
If you’re interested in searching for this rare dime:
- Inspect Proof Sets: Examine 1970 proof sets for the absence of the “S” mint mark on the dime.
- Check Loose Change: Regularly inspect your change, especially if you handle large volumes of coins.
- Consult Experts: If you believe you’ve found a 1970-S No S Proof Dime, have it authenticated and graded by a professional numismatist.
The 1970-S No S Proof Roosevelt Dime stands as a fascinating example of how minting errors can transform ordinary coins into valuable collectibles. With some still lurking in circulation, it offers an exciting opportunity for collectors and enthusiasts to discover a piece of numismatic history that could be worth over $1,300.
FAQs
What makes the 1970-S No S Proof Dime valuable?
The coin’s value stems from its rarity due to the minting error of omitting the “S” mint mark, combined with its proof quality and historical significance.
How can I authenticate a 1970-S No S Proof Dime?
Consult a professional coin grading service or a reputable numismatist to verify the coin’s authenticity and condition.
Are there other “No S” proof coins?
Yes, similar errors occurred in other years, such as the 1968 No S Proof Dime and the 1983 No S Proof Dime, each with varying degrees of rarity and value.
