The world of coin collecting is full of surprises, especially when it comes to rare error coins. One such treasure is the 1968-S dime, which many people might overlook but could be worth a lot of money. An unusual error in this dime has made it extremely valuable, with some of these coins selling for over $500,000. If you own a 1968-S dime or want to learn what to look for, this article will guide you through the essential details of this amazing coin.
What is the 1968-S Dime?
The 1968-S dime is part of the Roosevelt dime series, which is minted in San Francisco. The “S” on the coin indicates it was produced at a special mint facility, making it a collector’s item. Normally, these dimes wouldn’t stand out from other Roosevelt dimes, but a unique error in this year has made specific versions very valuable. The coin shows Franklin D. Roosevelt’s image on the front, with the word “Liberty” on the left and “In God We Trust” below his chin. However, some of these dimes have errors that make them special and sought after by collectors.
Types of Errors in the 1968-S Dime
No-S Proof Error
One of the most remarkable errors in the 1968-S dime is the missing “S” mintmark. This version is called the “No-S Proof Error.” It was made without the mintmark during the proof strike process, which is meant to create high-quality coins for collectors. Because only a few of these dimes were made without the “S,” they are very rare and valuable. Some No-S dimes are worth as much as $500,000 due to their scarcity.
Double Die Obverse
Another rare error seen in the 1968-S dime is the “Double Die Obverse.” This error happens when the coin is misaligned during the minting process. This misalignment causes elements on the front of the coin, like the date or inscriptions, to look doubled. Collectors look for this type of error since it signifies a unique coin that is worth much more than its face value. While a Double Die Obverse is not as valuable as the No-S Proof Error, it can still fetch prices between $3,000 and $7,000.
High-Quality Condition
The condition of a 1968-S dime is crucial in determining its value. Coins that are in nearly perfect or “mint” condition are always more desirable to collectors. Proof coins are usually kept in special packaging to protect them from damage over time, making them even more appealing to coin enthusiasts. Collectors should look for dimes with minimal wear since those in better condition can attract higher prices. A high-quality 1968-S dime with an error may be worth several times its silver value, increasing its collectible appeal.
Valuation and Rarity
Here’s a table summarizing the approximate value and rarity of different types of 1968-S dimes:
| 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 |
For collectors looking to add valuable coins to their collections, it’s essential to consider the market demand and rarity level. If you’ve inherited coins or hold onto loose change, check your collection for any 1968-S dimes, as you might discover a hidden treasure. The value of error coins can be significantly influenced by collector interest, rarity, and market trends, so it’s wise to have any suspected rare coins appraised.
Conclusion
In summary, the 1968-S dime is a fascinating piece of numismatic history that holds immense value for collectors, especially those interested in error coins. Whether you own one or are just learning about them, understanding the significance of the No-S Proof Error and the Double Die Obverse can help you appreciate what makes this coin so special. If you think you have a 1968-S dime, it’s worth checking its condition and any potential errors, as you could be holding a valuable piece of history worth over $500,000. Happy hunting!
FAQ’s
What makes the 1968-S dime valuable?
The 1968-S dime is valuable mainly due to rare errors, like the No-S Proof Error, which can fetch over $500,000.
How can I tell if my 1968-S dime is an error coin?
Look for missing mintmarks or double images on the coin. Consulting a numismatic expert can also help.
Where can I sell a valuable 1968-S dime?
You can sell it through coin dealers, auction sites, or specialized coin shows where collectors gather.
What is the No-S Proof Error?
The No-S Proof Error refers to a 1968-S dime made without the “S” mintmark, making it extremely rare and valuable.
Are all 1968-S dimes valuable?
Not all 1968-S dimes are valuable. Only those with specific errors or in high-quality condition are worth significant amounts.