Rare Dimes Worth Money

Dimes have been a part of American currency for over two centuries. With such a long history, it’s no surprise that some dimes have become highly valuable. The value of these rare dimes is often attributed to their age, unique minting errors, or limited production.

1796 Draped Bust Dime

The Draped Bust dime, first minted in 1796, is one of the rarest and most sought-after by collectors. Only a little over 22,000 were made. Its obverse features a draped bust of Liberty, while the reverse showcases a small eagle with outspread wings. Due to its rarity and historical significance, even those in poor condition can fetch a high price. Collectors have paid upward of several thousand dollars for these coins.

1802 Draped Bust Dime

Another rare piece from the early 19th century, the 1802 Draped Bust dime had an even smaller mintage. With less than 10,000 units produced, it has become a key date for collectors. Known examples of this coin are limited, with some selling in the six-figure range. Mint state specimens can command over $100,000.

1838-O Capped Bust Dime

Produced at the New Orleans Mint, the 1838-O Capped Bust dime had a mintage of only 406,034. While this number seems high compared to other rare coins, many were melted down after silver prices rose, making surviving examples scarce. The O mint mark on the reverse distinguishes it from other dimes of the era. High-grade specimens are particularly sought after, sometimes reaching upwards of $20,000.

1860 Liberty Seated Dime

This dime marked a transitional period in U.S. minting. The 1860 Liberty Seated dime lacked the earlier stars on the obverse surrounding Liberty. The transition to the no stars design makes these particular dimes notable. They tend to fetch several hundred to several thousand dollars, depending on their condition and mint mark.

1894-S Barber Dime

The 1894-S Barber dime is among the most famous of American rare coins. With only 24 minted, its elusive nature captures collectors’ imaginations. Of those 24, only nine are confirmed to have survived. Various theories exist regarding its limited production, including a special striking for friends of the Mint superintendent. Prices for this dime can skyrocket, with some specimens fetching over a million dollars at auction.

1916-D Mercury Dime

The 1916-D Mercury dime is a key date in the series, largely due to its low mintage of around 264,000. The Denver Mint’s D mark on the reverse adds to its desirability. In good condition, these coins are valued in the thousands, with mint state examples reaching five figures among collectors. This coin is the holy grail for Mercury dime enthusiasts.

1942/1 Mercury Dime Overdate

This overdate variety occurred when the 1941 die was mistakenly reused, creating the 1942/1 Mercury dime. Visible on the 1 overlapping the 2, this error makes the coin highly desirable. Collectors place significant value on this variety, with prices ranging from hundreds to several thousand dollars, based on condition and clarity of the error.

1964-D Roosevelt Dime Missing Ridges

Modern coins aren’t typically known for their rarity, but the 1964-D Roosevelt dime with a missing edge ridges error is an exception. This mint error occurred due to a misalignment in the minting process, leading to its unique smooth rim. Values for such error coins vary, but collectors interested in error coins often pay premium amounts.

Understanding Coin Grading and Value

Grading plays a crucial role in determining the value of a rare dime. Coins are graded on a scale from 1 to 70, with higher numbers indicating better condition. Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) are the leading grading services. A certified grade can significantly enhance a coin’s value.

• Mint State (MS): These coins show no wear from circulation.
• About Uncirculated (AU): Slight signs of wear, but not enough to classify as circulated.
• Extremely Fine (EF): Visible light wear on the high points of design.
• Very Fine (VF): Light to moderate wear on more visible points of the coin.

The importance of provenance also cannot be overlooked. A dime with a documented history or unique backstory can fetch higher prices due to its distinct narrative.

Where to Buy or Sell Rare Dimes

When looking to purchase or sell rare dimes, reputable dealers and auctions are the best choices. Auction houses like Heritage Auctions and Stack’s Bowers frequently deal with rare coins. Online platforms that guarantee authenticity and offer buyer protection can be considered as well, though always exercise caution regarding authenticity and payment security.

Resources for Collectors

For enthusiasts wanting to learn more, several resources are available. Membership in organizations such as the American Numismatic Association (ANA) offers educational materials and networking opportunities. Publications like the Red Book, officially the A Guide Book of United States Coins, provide annual updates on coin values and histories.

A solid understanding of rare dimes can offer both enjoyment and a potentially lucrative investment. The thrill of uncovering a rare find or completing a collection is irreplaceable for those passionate about coin collecting.