Philately is the hobby of collecting and studying money, mostly coins. Many people incorporate this hobby into coin collecting. One of the coins used in this hobby is the 1964 Roosevelt Dime, which can be worth up to $2 million. This is such a rare coin, and the weird part is you may have this coin but be unable to identify it.
1964 Roosevelt Dime: The $2 Million Coin
Very few people will deny the fact that the 1964 Roosevelt Dime is a very special one. This coin is special because it was minted in the year that the poor president of New York gained his independence. It was minted in a special year, and therefore this coin is extremely rare, as it also has some rare mistakes.
Key Details:
- Composition: 90% silver, 10% copper
- Features: It is produced by the proof minting method, which provides this specific coin with a mirror-like reflective quality.
- Face Value: The coin would be worth $1 million to $2 million. In addition, it carries doubled dies, misprinted mint marks, and some coins are even using the 1965 die.
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7 More Rare Coins You Might Know
Here are a few more coins that collectors and investors have noticed in addition to the 1964 Roosevelt dime. You may also have these coins in your possession:
- 1943 Copper Penny: $1.4 million – It was struck on copper rolls.
- 1955 Doubled Die Penny: $1,800 – $15,000 – It contains doubling in the writing and numerals.
- 1916-D Mercury Dime: $20,000-$100,000 – Only 264,000 of these were produced.
- 1975 No-S Roosevelt Dime: $450,000+ – Missing the “S” mint mark.
- 1969-S Doubled Die Penny: $28,000 – $100,000 – There is doubling on the obverse.
- 2004 Wisconsin Quarter: $300 – $1,500 – The ear of corn has extra leaves.
- 1894-S Barber Dime: $2 Million – Only 24 coins were minted, and only a few of these have survived.
How to Identify Rare Coins?
If you still wonder how to recognize these coins, here is a list of some common identification ways:
- Check for errors: The coins often have minting errors such as doubling, parts missing, and an error on the mint stamp.
- Important dates: Some of the coins made in the years 1964, 1943, and 1975 are very scarce, so observe the coins coming from these years.
- Weight: The copper penny of the year 1943 can be distinguished with the weight. It weighs 3.11 grams whereas the steel penny weighs 2.7 grams.
- Consult an expert: If you have a coin that you think is rare, try getting it checked by a reliable grading service such as PCGS or NGC.
Why are these coins valuable?
- Rarity: Coins in limited supply or with minting errors can command a higher value.
- Grade: Coins with a grade close to perfect or mint are priced more expensive.
- Rarity value: Some coins have the worth of historical importance, which further increases their price.
- Collector demand: Some coins are in very high demand, which further raises their prices.
Conclusion
Rare coins are not only a good investment and an excellent asset for collectors, but they also have significant historical and artistic value. If you ever think you have a rare coin, it can be helpful to know what it might be and how much you might get for it.
FAQs
Q.How much could a 1964 Roosevelt dime be worth?
A.This might be worth from $1 million to $2 million if it has a minting error.
Q.Is the 1943 Copper Penny real?
A.Yes, this coin is very rare and could be worth up to $1.4 million.
Q.How do I know if my coins are rare?
A.Check the coin’s weight, date, and mint marks. If you’re not sure, it’s a good idea to consult an expert.