The Roosevelt Dime was first produced by the U.S. Mint in 1946. The ten-cent piece was designed to replace the Mercury Dime. The dime has remained popular throughout the years, and the Roosevelt Dime is still produced by the U.S. Mint today. While you may assume that a dime does not have any value for collectors, nothing could be further from the truth.
For a coin collector, however, a Roosevelt Dime may only be worth obtaining if it is in excellent condition. These coins tend to be the most physically attractive and are usually worth the most money.
For coins like the 1956 Roosevelt Dime, which were produced many decades ago, the state of the condition means everything to a prospective collector. No one wants to add damaged, tarnished coins to their collection, so it makes sense that most every collector will closely examine the condition of a Roosevelt Dime before executing a purchase.
Normally, coins are sent away for grading in order to have their condition accurately judged, but not everyone has the available funds to send coins away for official grading, so we have provided specifications below to give you a better idea of what coins of a specific grade might look like.
Uncirculated: Coins that are graded to be Uncirculated are those that never spent any time exchanging hands or paying for goods. Instead, these coins were put into safekeeping almost immediately after they were minted. As a result of their being kept in a safe place, these coins have not suffered any of the damage typically associated with Roosevelt Dimes of this age.
Extremely Fine: In Extremely Fine condition, the Roosevelt Dime in question will have only spent a minimal amount of time in circulation. Though these coins definitely show some signs of wear, the wear is generally light and only visible under close inspection. All in all, Extremely Fine 1956 Roosevelt Dimes are in great condition.
Fine: Coins that receive this grade are those that spent a decent bit of time being circulated. Due to their being exchanged over a moderate period of time, these coins have suffered a bit of wear. The raised images, such as the pillar and the winged headdress of Lady Liberty are where you will often find the most damage.
Good: This is the grade given to coins that were circulated for exorbitant periods of time. After decades upon decades of exchanging hands, these coins have a lot of damage to show for it. Complete with chipping, scratching, and many other imperfections, these pieces really show their age.
When it comes to giving coins like the 1956 Roosevelt Dime a price, there are but two things that you must take into consideration. First, you have to consider what type of coin it is. Because multiple types of Roosevelt Dimes were minted most years, this is the first factor affecting price. Secondly, the condition of the coin is everything. For collectors, a coin that is in excellent condition is one that they are willing to pay a high price for, sometimes drastically higher. The chart below will give you a good idea of what the typical asking prices are for graded 1956 Roosevelt Dimes.
|1956 Roosevelt Dime||N/A||N/A||$2||N/A|
|1956 Roosevelt Dime (D)||N/A||N/A||$2||N/A||Source: Red Book|