The Roosevelt dime is one of the most interesting coins in the history of the U.S. currency. It has a rich and dynamic history, and there is always something new to learn about it and all of its series and updates. So, if you’re a coin enthusiast or collector, or even if you’re not and you’re just ‘looking around’, this is the place to be. Learning about a coin’s history can be dull, but we’ve made it interesting.
The 1967 Roosevelt dime with no mint mark is worth around $2 in average circulated condition. However, there are a few key factors that can significantly raise its value:
- Condition – A 1967 Roosevelt dime in pristine uncirculated condition can be valued at $4-5 or more. Proof versions are worth $6-8.
- Mint Marks – 1967 dimes with an “S” mint mark from San Francisco are more scarce. In uncirculated condition, they can sell for around $15-20.
- Errors/Varieties – 1967 dimes with errors like off-center strikes or double die obverses are highly collectible. These can fetch anywhere from $50 up into the hundreds depending on the type of error.
- Silver Content – All 1967 dimes are 90% silver. With silver currently around $20 per ounce, a 1967 dime’s silver melt value is around $1.80. This will fluctuate based on the price of silver.
- Certification – Having a 1967 dime certified by a grading service like NGC or PCGS can verify its condition and minting details, significantly increasing value for collectors.
- Auction Records – The auction record for a regular strike 1967 Roosevelt dime is $1,440, realized for an MS68 graded specimen. This demonstrates the potential value for super premium examples.
So in summary, while most normal 1967 dimes are only worth a couple dollars, rare mint marks, condition, errors, silver content, certification, and auction records show that certain 1967 dimes can be extremely valuable to collectors and investors. The highest grades and mint state coins fetch significant premiums.
We’ve gathered the most essential info needed for those looking to acquire, trade, or sell their Roosevelt dime, as well as interesting, fun facts for those looking to learn some trivia about the iconic Roosevelt dimes. For this article, we’ve also decided to focus specifically on the 1967 Roosevelt dime. So, without further ado, let’s dive right in!
The 1967 Roosevelt Dime: How Much Is It Worth Today
The History and Origin
You probably already know this, but if did forget, let us refresh your memory. During the World War II, the President of the United States was Franklin D. Roosevelt. Now, many celebrate him and honor him as one of the best presidents in the history of the country, while others don’t find him worthy of such honor, due to some of the bold choices he made during the war, regarding the involvement of the States.
Nevertheless, he did lead the country through some of the most tumultuous times, and he did that while dealing with a personal issue. In 1921, F.D. Roosevelt got terribly sick and was diagnosed with polio. Because of this personal struggle, he provided great support to the March of Dimes; a nonprofit organization created to provide help and support, as well as improve the health of mothers and babies. Nevertheless, the sickness didn’t get to the President during the harsh times, but as soon as the war ended, F.D.R.’s health started to deteriorate, and he died in 1945.
Often, and throughout the history of the United States, major events, like the death of a beloved President, were a great stepping stone towards creating a new coin, or an updated coin design. The same was with the events of the Second World War, so the U.S. Treasury decided to introduce the so-called Roosevelt Dime.
So, President Roosevelt’s death in 1945 gave the U.S. Treasury an idea; a new coin was to be created to honor the President, his efforts during the war, and his overall strong leadership despite personal struggles. This coin would be the Roosevelt Dime.
A Louisiana Representative, James Hobson Morrison, introduced a bill for a Roosevelt dime, and a few weeks later after the President’s death. The Treasury Secretary, Henry Morgenthau Jr. announced important news to the public. The Mercury dime (also known as the Winged Liberty dime), was going to be replaced by a new coin, made in honor of F.D. Roosevelt. The coin was going to depict Roosevelt himself and was supposed to go into circulation by the end of 1946, which it did.
The Coin Design and Composition
To get a better grasp of the design and composition of the 1967 Roosevelt dime, we need to go back in time; to 1792 to be more exact. That was the very year when the United States government passed an act, authorizing the Treasury and its department to start producing coinage for the country. This was a huge deal back in the day, so it took the Treasury a few years to complete the whole setup and the minting system. In 1796, the very first dimes, or ten-cent pieces, were struck, and the rest is basically history.
The original composition of the first ten-cent piece was as follows; 89.24% silver, and 10.76% copper. Because of the composition, the ten-cent piece was a bit heftier, weighing 2.7 grams, with a diameter of 19 mm. Fast forward to the 20th century, the composition of the dime has changed (due to the War and other factors).
Sure enough, the very first Roosevelt dime’s composition was still 90% silver and 10% copper. But, such composition would stick around until 1964. From that year onwards, the coin composition changed; the Roosevelt dimes were created in 1965, and every year after, had a new composition, which was 75% copper, and 2% nickel. These dimes did not contain any silver.
Now, when it comes to the coin design, the obverse of the dime depicts President Roosevelt, facing to the left. There are also inscriptions Liberty and In God We Trust, as well as the designer John R. Sinnock’s initials, JS. Sinnock was the chief engraver of the coin, but much of the work was actually done by Sinnock’s assistant, Gilroy Roberts.
The reverse of the coin shows a torch in the very center, representing liberty. The torch is flanked by an olive spring, which represents peace, as well as one of oak, representing independence and strength; all of which the States showed and needed in the testing times of the 1940s. The reverse also shows the inscription E Pluribus Unum (which means ‘one, out of many’), as well as the name of the country and the denomination, surrounding the central image of the torch.
The coin design was centered around symbolizing liberty and peace, but mainly strength and independence, both important and symbolic of the victorious outcome of World War II. It has been stated that this coin features one of the best and most natural images of a President, resembling more an art medal than a coin. But, many argued that the design wasn’t really an improvement compared to the one it is replacing, the Mercury dime. Nevertheless, art historians describe the Roosevelt Dime as clean, modern, stylish, and of grandeur.
The 1967 Roosevelt Dime Market Analysis – Value and Price
Now, this is the part that most of our readers are highly interested in; the current market value and price of the 1967 Roosevelt dime. But, before we get into the actual numbers, we need to consider some of the important information.
In 1964, the United States faced a coinage shortage, and because of it, some changes were introduced. The composition of the coins changed, and the Mint ceased the production of normal proof coins. Furthermore, the Mint introduced the Special Mint Set, which contained coins that were not proofed, but were uncirculated and of higher quality compared to the regular strike coins meant for circulation. The special sets were introduced in 1965, 1966, and 1967. The normal proof coin production started again in 1968. It is important to keep this information in mind because it does affect the current market demand and value of the 1967 Roosevelt dime.
Since the 1967 Roosevelt dime was struck in high numbers (over 2.2 billion examples), it is rather rare to come across a premium specimen as well. Sure enough, it is quite easy to come across a regular, circulated 1967 Roosevelt dime. This, of course, dictates its current market value. Alongside the rarity of the coin, its origin also plays a big role in establishing value. Taking all of the factors into consideration, here is the current market value of the 1967 Roosevelt dime (June 2023);
|1967 Dime Value Chart
|1967 Dime Value
|1967 Special Mint Set Dime Value
Regular Strike (Circulated, Uncirculated, Graded)
Not every dime was minted in the same Mint; the U.S. Mint has three main minting locations; the Philadelphia Mint, the Denver Mint, and the San Francisco Mint. The Roosevelt dimes minted in Philadelphia didn’t have any mint marks, and are considered to have the lowest value/price on the market.
Dimes that were minted in the Denver Mint have a ‘D’ mint mark and are slightly more valuable than the previous one. Finally, the San Franciso Mint issued dimes with the ‘S’ mint mark, and these would be the most valuable 1964 Roosevelt Regular Strike dimes.
Therefore, with this in mind, the current approximate value for the 1967 Roosevelt dime, regular strike fo as follows; according to the NGC Price Guide, as of June 2023, a Roosevelt Dime from 1967 in the circulated condition is worth between $0.15 and $0.35. However, on the open market, 1967 Dimes in pristine, uncirculated condition sell for as much as $65. The highest price, or rather the auction record for a regular strike 1967 Roosevelt dime reached $500, for an MS 69 grade dime. One specimen of the 1967 Roosevelt dime was even sold for a whopping $1,440, for an MS 68 grade dime, which was yet another auction record.
Special Mint Set
As we previously mentioned, 1964 was the year when the United States faced a coinage shortage. As a result, the U.S. Mint took drastic action to meet the demands, but also keep the production costs as low as possible. This has brought the production of proof coins to a halt. Proof coins are generally produced for collectors, and they have a fine, cleaner, high-definition finish. These coins have a significantly higher value and are always in high demand.
But, because the proof coin production wasn’t the primary concern anymore, the U.S. Mint introduced the Special Mint Set (SMS) in place of the proof coins. The 1967 Roosevelt dime was a part of the Special Mint Set as well. A total of 1,863,344 of these coins were produced at the San Francisco Mint. Despite their San Francisco origin, the 1967 Roosevelt SMS dimes do not display a mintmark.
When it comes to the current value and price of the 1967 Roosevelt SMS dime, it ranges from $11 (SMS Grade SP 66+), $14 (SMS Grade SP 67), and $16 (SMS Grade SP67+). One of the highest auction prices for a Special Mint Set was $339, for a SMs Grade SP69, while the recent auction record has reached $675, for the same dime grade.
Error 1967 Roosevelt Dime
Errors in the minting process are a normal occurrence. As millions of coins are being struck, errors are bound to happen, resulting in dimes missing coating, for example, being clipped, the design being improperly positioned, etc. Despite the errors, these dimes and error coins, in general, are highly sought-after and can be pretty valuable. Depending on the actual error, the value can vary, as you’ll see in the following explanation;
- Missing clad layer error – such 1967 Roosevelt error dimes can reach an approximate price of $20. They’re referred to as the ‘naked dime’, due to the missing copper-nickel coating (which exposes the dime’s copper core). The auction record for such a dime was $61, for an AU 55 dime. The price can go even higher on unofficial auctions; for example, one such dime is currently on sale on eBay for $98.
- Blank planchet – the blank-planchet error means that the coin was struck without a design, on the reverse, obverse, or both sides. This kind of dime is considered to be super rare. One is currently on sale for $199.
- Off-center strike – such dime errors occur when the coin design is struck while the coin is improperly positioned. As a result, the dime has an off-center design. Depending on how off-center the design is, the value of the dime can vary between $15 and $30.
- Clipped planchet – such dime errors are created when the planchet is incorrectly placed into the striking hub. As a result, the coin ends up missing a small portion, usually alongside the edge. Such error dimes can reach the price of $40.
If you’ve made it this far, congratulations! Now you’ve learned everything essential there is to learn about the iconic 1967 two-dollar bill. Hopefully, this brief journey was fun and informative. For more information about the 1967 Roosevelt dime, we recommend you check professional coin/bill grading services and their informative blog posts as well as active or closed auctions. This can help you understand how the value of a dime changes over time, and what can you expect regarding the market climate. We wish you the best of luck and happy collecting!