The dime has been in the pockets of American consumers for decades. Beginning in 1946, the Roosevelt Dime took over for the Mercury Dime as the popular U.S. Mint ten-cent piece. These coins have stood the test of time, and are still in production to this day. While you might think that a dime cannot possibly have any collectible value, you are incorrect. Dimes can have premiums far above their small face value depending on year, type and grade.
A coin collector will not likely pursue a Roosevelt Dime, however, unless the coin is in excellent overall condition. Such coins tend to be the most valuable in addition to being the most pleasant to look at.
This may not be news to many people, but coin collectors are known to be a meticulous bunch. Preferring only those coins that have been well-preserved over the years, collectors of coins pay close attention to the condition of every coin. The Roosevelt Dime is no exception to that, and though it is difficult to find in excellent condition, that much can definitely still be done.
Judging the condition of a coin is something known as grading, and is typically a process performed by a professional company. We know that not everyone has the time and/or money to send their coin(s) away for grading, so we have provided below a listing of the different coin grades and their associated characteristics.
Uncirculated: A Roosevelt Dime that has been graded as being Uncirculated is one that spent absolutely no time exchanging hands on the open market. Instead, these coins were kept away from sources of damage and wear, and appear today almost identical to the way they would have appeared in 1935. Dimes that have remained in this type of excellent condition are also those that investors are readily trying to get their hands on.
Extremely Fine: If a Roosevelt Dime is graded to be Extremely Fine, it is a coin that has spent only a small amount of time in circulating. These coins will show some light wear under close inspection, but will, for the most part, appear to be mostly pristine. Extremely Fine Roosevelt Dimes are no easy find, and the price tag generally proves this.
Fine: A coin that is graded to be Fine is one that spent a few years being circulated, but was taken out of circulation before too long. These coins will show plenty of wear, but the overall integrity of the imagery and text will have been preserved. The heaviest wear will almost always be present near or on the raised parts of the coin.
Good: A coin that is graded to be Good is one that saw more circulation than any other type of Roosevelt Dime. Thanks to all these years being exchanged on the open market, the Good Roosevelt Dimes will have plenty of scratching, chipping, and, on occasion, bending. While these coins are in somewhat poor shape, they are still sought after by collectors.
When it comes to Roosevelt Dimes, there are a few different factors that play into how much you will pay for one. First, because there were typically at least two of these coins produced annually, the type of Roosevelt Dime will be the first factor in determining price. The second factor will definitely be the condition which the coin is in. Coins in excellent condition sell for much more than those in poor condition, that much is an almost universal fact. The chart below will give you a better idea as to what you might pay for a graded 1963 Roosevelt Dime.
|1963 Roosevelt Dime||N/A||N/A||$2||N/A|
|1963 Roosevelt Dime (D)||N/A||N/A||$2||N/A||Source: Red Book|