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user_4449's Blog

08 Sep 2019

Roosevelt Dimes, 1946 - 1964

| user_4449

Franklin D. Roosevelt dime, first issued in 1946, shows the bust of Franklin Roosevelt on the obverse, facing his right. LIBERTY surrounds the rim around his eyes, from his mouth to the top of his head. Under his neck, at the bottom of the bust and under LIBERTY, is the motto, IN GOD WE TRUST. The date is opposite the motto, and the initials, JS, are at the truncation of his neck, left of the date. There was a little controversy by the anti-communist groups, saying that the JS was really for Joseph Stallin, put there by his spies or workers inside the mint. The same was said about John Sinnock’s Franklin Half Dollar, first released in 1948. The mint mark from 1946-1964, the years when it was composed of 90% silver, was on the reverse, at the bottom left of the torch, and after 1965, it was moved to the reverse and was above the date. The reverse of the F.D.R. dime is a torch in the middle, with an olive branch on the left and an oak branch on the right. The torch represents liberty, the olive branch represents peace and the oak branch represents strength. E PLURIBUS UNUM falls in between the three, towards the bottom. UNITED STATES OF AMERICA are above the torch and branches, and below, the denomination, ONE DIME. In 1946, over 300,000,000 Roosevelt dimes were struck at the Philadelphia, Denver and San Francisco mints. Mintage rates were normal, and the first semi-key date of the series was the 1949 S dime, with a slightly lower mintage of 13,510,000 dimes, with higher grades reaching over $50. As the dates get more modern, key dates start to slip away, unless its an error or variety/series shift. Newer technology combined with fewer conflicts and as bullion and material prices harden, key dates slip away, and mints now mint more dimes than ever before, making them less and less rare. Nothing really happened with the series for a while, and the only way the dimes are valuable today is because of the silver, or if in really high grades, they can be worth a few dollars at a grade of around 40, to $50 in 1950, with a sharp decline that then stables out at around $5-$10 in 1957, at a grade of 65. In 1960 and 1963, the Philadelphia mint made a DDO error, however it is not worth a whole lot compared to other DDOs. In 1964, the Denver mint did the same thing, and it is worth a little more, but not a whole lot. That year, 1964, saw a new record for the highest mintage of dimes, this time by the Denver mint, with 1,357,517,180 dimes. Well over 2 billion dimes were struck that year by the Philadelphia and Denver mints, however not the San Francisco mint, which had not made dimes since 1955, and would not again until 1968, and then only as proofs. After 1964, no dimes were made with the 90% silver composition, except for silver proofs.


Comments

JudeA

Level 4

I mean, I go to the bank, and it seems almost pointless to get a roll of Roosevelt dimes. Except for silver and the errors (which nobody really knows about.) There really isn't anything collectible in the series.

"SUN"

Level 5

It is nice that you take the time to write these blogs, It would be nice if you would comment more on other people's blogs.

Just Mokie

Level 5

Definitely the most bland design of our current coins, it needs a major facelift, IMHO.

Roosevelt's remain the only current series to have never undergone a design change. I believe a new reverse could spice things up a bit. As you pointed out, even the double dies are ignored. The only Roosevelt I have slabbed is the 1996 West Point and even that isn't rare.

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