The 1956 Roosevelt Dime, first released in—you guessed it—1956, has become an exciting piece for coin collectors. This coin not only carries a face value of 10 cents but is also highly valued for its silver content, giving it additional worth and charm.
Let’s dive into the history, design, and current market value of this classic coin.
Composition and Design of the 1956 Roosevelt Dime
The 1956 Roosevelt Dime is composed mainly of silver and copper, with a composition of 90% silver and 10% copper. This makes it unique among dimes produced after 1965, which transitioned to a mix of copper and nickel, eliminating silver from standard circulation dimes.
Design Features:
- Obverse Side (Front): This side features an image of President Franklin D. Roosevelt, honoring his legacy and contributions, including his involvement with the March of Dimes organization.
- Reverse Side (Back): The back showcases a torch symbolizing liberty, flanked by an olive branch (for peace) and an oak branch (for strength).
The inscriptions include “LIBERTY,” “IN GOD WE TRUST,” “E PLURIBUS UNUM,” and the coin’s value, “ONE DIME.”
Varieties of the 1956 Roosevelt Dime
In 1956, over 217 million Roosevelt Dimes were minted, split between two key locations—the Denver and Philadelphia Mints. Here’s a breakdown of the different types of 1956 Roosevelt Dimes:
- 1956 D Roosevelt Dime (Denver Mint):
- Mint Mark: “D”
- Quantity Produced: 108,015,100
- Material: 90% Silver, 10% Copper
- Value Range: $2.10 to $2.60 (for circulated coins)
- 1956 P Roosevelt Dime (Philadelphia Mint):
- Mint Mark: None
- Quantity Produced: 108,640,000
- Material: 90% Silver, 10% Copper
- Value Range: $2.10 to $2.60 (for circulated coins)
- 1956 Proof Roosevelt Dime (Philadelphia Mint):
- Mint Mark: None
- Quantity Produced: 669,384
- Value Range: Around $13 for circulated proof coins
The Proof Dime, made for collectors, has a shinier and more detailed finish. While common in higher grades, it’s rare to find Proof Dimes with deep cameo features, making them even more valuable for serious collectors.
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Current Value and Auction Records for the 1956 Roosevelt Dime
The 1956 Roosevelt Dime’s value varies depending on its condition and specific characteristics, such as a mint mark or being a proof coin. While the face value is just 10 cents, the silver content alone raises its melt value to around $1.60, making even a low-grade circulated dime worth more than its original value.
For those with well-preserved, high-grade coins, the value can soar. Here’s a look at some top auction records for the 1956 Roosevelt Dime:
- 1956 Proof Roosevelt Dime (PR 69 – Deep Cameo): Sold for $19,975
- 1956 P Roosevelt Dime (MS 68 Full Band): Sold for $9,988
- 1956 D Roosevelt Dime (MS 68 Full Band): Sold for $8,400
Coins with a “Full Band” designation on the torch’s bands are particularly valued, as it shows they were struck with sharp detail.
Where to Buy or Sell a 1956 Roosevelt Dime?
You can buy or sell the 1956 Roosevelt Dime in a few places:
- Online Marketplaces: Sites like eBay or specialized coin dealer websites offer a wide range of 1956 dimes, giving buyers many options to choose from.
- Local Coin Shops and Antique Stores: Visiting these shops allows for a hands-on inspection of the coins and a chance to talk directly with knowledgeable vendors.
- Coin Shows and Auctions: These events often feature high-grade coins, including rarities, and are ideal for serious collectors looking to expand or refine their collections.
Each option has its advantages. Buying online provides convenience and variety, while local shops offer the benefit of in-person inspection.
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Conclusion
For collectors, the 1956 Roosevelt Dime offers a glimpse into mid-20th-century coin production, with its silver content and unique design features. It holds value both for its precious metal content and for the historical era it represents.
Whether you’re looking for an affordable way to start coin collecting or hoping to add a valuable piece to your collection, the 1956 Roosevelt Dime is a worthy choice.
With its interesting design, historical connections, and silver value, the 1956 Roosevelt Dime remains a popular choice among collectors and investors alike.
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