The world of coin collecting is replete with tales of rare finds and astronomical valuations. Recently, rumors have surfaced about a 1968 No-S Dime valued at a staggering $6.5 million.
But how much truth is there to this claim? Let’s delve into the details of the 1968 No-S Dime, its rarity, and its actual market value.
Understanding the 1968 No-S Dime
In 1968, the U.S. Mint produced proof dimes at the San Francisco facility, which typically bear the “S” mintmark.
However, due to a minting error, a small number of these proof dimes were struck without the “S” mintmark, leading to the creation of the 1968 No-S Dime. These coins are highly sought after by collectors due to their rarity.
Key Details of the 1968 No-S Dime:
| Feature | Description |
|---|---|
| Minting Error | Absence of the “S” mintmark on proof dimes intended for the San Francisco Mint. |
| Composition | 75% copper, 25% nickel over a pure copper center. |
| Weight | 2.27 grams. |
| Diameter | 17.90 millimeters. |
| Edge | Reeded. |
| Designer | John R. Sinnock. |
Rarity and Market Value
The 1968 No-S Dime is undoubtedly rare. Estimates suggest that only about two dozen of these coins exist today. This scarcity has led to significant interest and high valuations in the numismatic community.
However, claims of a $6.5 million valuation are unsubstantiated. The highest recorded sale for a 1968 No-S Dime was $48,875 for a PR68 graded coin in 2006.
More recent sales have seen these dimes fetch between $18,000 and $45,600, depending on their condition and grading.
Factors Influencing Value
Several factors determine the value of a 1968 No-S Dime:
- Condition and Grade: Coins graded PR68 or higher, especially those with cameo or deep cameo designations, command higher prices.
- Market Demand: The numismatic market’s interest can fluctuate, affecting coin values.
- Historical Significance: As one of the notable minting errors, the 1968 No-S Dime holds a special place in U.S. coinage history.
While the 1968 No-S Dime is a prized rarity in the coin collecting world, claims of it being worth $6.5 million are not supported by current market data.
Collectors should approach such assertions with caution and rely on verified auction records and professional appraisals when determining the value of their coins.
FAQs
How can I identify a 1968 No-S Dime?
Look for a 1968 proof dime lacking the “S” mintmark below the date on the obverse side.
Are all 1968 dimes without an “S” mintmark valuable?
No, only proof dimes intended for the San Francisco Mint with the missing “S” are rare. Regular circulation dimes from 1968 without the “S” are common and not particularly valuable.
What should I do if I think I have a 1968 No-S Dime?
Have the coin authenticated and graded by a professional service like PCGS or NGC to determine its authenticity and value.