If you have spare change lying around, it’s worth checking for valuable dimes that could bring in a substantial return. Some rare U.S. dimes can fetch thousands or even millions at auction due to their rarity, historical significance, or minting errors. Here’s a guide on which dimes to look for, their current value, and how to identify them.
Rare Dimes Worth a Fortune
1. 1894-S Barber Dime
- Minted: San Francisco, 1894
- Value: Up to $1.9 million
- Unique Feature: Only 24 were minted, with only 9 known to exist today. This scarcity makes it one of the most prized coins for collectors.
2. 1916-D Mercury Dime
- Minted: Denver, 1916
- Value: $1,000 to $10,000 depending on condition
- Unique Feature: This first-year dime from the Denver mint has a limited mintage of about 264,000, making it highly collectible.
3. 1975 No-S Roosevelt Dime
- Minted: San Francisco, 1975
- Value: Around $300,000
- Unique Feature: A rare mint error where the “S” mintmark is missing on a proof coin, making it a unique piece highly valued by collectors.
4. 1804 Draped Bust Dime
- Minted: Philadelphia, 1804
- Value: Between $5,000 and $25,000
- Unique Feature: As one of the earliest U.S. dimes, it’s a rare find, especially in good condition.
| Coin Name | Year Minted | Mint Location | Estimated Value | Notable Feature |
|---|---|---|---|---|
| Barber Dime | 1894-S | San Francisco | Up to $1.9 million | Only 24 minted |
| Mercury Dime | 1916-D | Denver | $1,000 – $10,000 | Low mintage |
| Roosevelt Dime | 1975 No-S | San Francisco | $300,000+ | Missing mint mark |
| Draped Bust Dime | 1804 | Philadelphia | $5,000 – $25,000 | Rare early U.S. coin |
How to Find Rare Dimes
- Check Change and Coin Rolls: Reviewing your loose change and purchasing coin rolls from banks can uncover hidden treasures. Focus on older coins, especially dimes from specific years.
- Examine Mint Marks: Mint marks often appear on the reverse side of coins. Look for unique markings or the absence of mint marks, which can increase a coin’s value.
- Use CoinStar Machines: These machines frequently reject older or foreign coins, which are returned to the customer. Checking these can yield valuable finds.
- Seek Professional Appraisal: For valuable coins, consider an appraisal from experts such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) to assess authenticity and market value.
Tips for Selling Rare Coins
Before selling, it’s essential to:
- Authenticate coins through professional grading services.
- Understand current market trends to maximize value, especially as prices fluctuate based on demand.
- Consider multiple selling options, including online auctions, coin dealers, or attending coin shows.
FAQs
What makes a dime valuable?
Dimes gain value due to limited production, historical significance, unique mint marks, or errors during minting. Rare dimes from specific years or mints can be exceptionally valuable.
How do I know if my dime is rare?
Check the year, mint location, and mint marks, and compare these with known rare dimes. Consulting with a coin expert can also help verify rarity.
Can I find rare dimes in circulation?
Yes, though rare, valuable dimes occasionally turn up in circulation or bank rolls. Regularly checking these can lead to lucky finds.
Where should I sell my rare dimes?
Selling options include coin dealers, auctions, or online marketplaces. Professional appraisal beforehand can help determine a fair selling price.
How can I preserve valuable dimes?
Store rare dimes in protective cases, handle with care, and avoid exposure to moisture and extreme temperatures to maintain condition and value.
