The 1949-S Roosevelt Dime is a standout coin in the Roosevelt Silver Dime series, not for its rarity but for its unique features and historical context. With 13,510,000 coins minted at the San Francisco Mint, it’s not considered “rare,”
but it holds value for collectors. Its importance lies in the economic conditions and minting variations that distinguish it from other coins in the series.
Historical Context
In the late 1940s, the United States experienced an economic recession, lasting from November 1948 to October 1949. This downturn had a significant impact on coin production, including the 1949-S Roosevelt Dime.
The San Francisco Mint produced far fewer dimes in 1949 compared to 1948 (38% less) and 1950 (66% less), reflecting the country’s reduced demand for new coinage during this period.
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Key Features of the 1949-S Roosevelt Dime
- Obverse Design Variations:
- The 1949-S dime features a unique obverse design. The word “GOD” in the motto is engraved using a sans serif font instead of the more common Trumpet Tail font. Additionally, the initials of the coin’s designer, John Sinnock, are larger than those on the earlier 1946 version.
- Mintmark Varieties:
- There are two repunched mintmark varieties for this coin: RPM-001 and RPM-002. These varieties were created when a mint worker hand-punched the mintmark, leading to slight positioning errors. RPM-001 shows a slight shift westward, while RPM-002 has a more noticeable northwesterly drift.
- Increased Production Efficiency:
- Another important milestone for this coin is that in 1949, the U.S. Mint installed more powerful rollers, significantly increasing the production of 10-cent planchets (blanks used to strike coins). This advancement led to a substantial rise in output.
Collectible Value of the 1949-S Roosevelt Dime
Despite not being classified as rare, the 1949-S Roosevelt Dime is highly collectible and commands a premium over other dates in the Roosevelt Dime series, particularly in higher grades.
- Circulated Grades:
- For mid-range circulated grades (between 35 and 55), the value of this dime ranges between $5 and $10, which is approximately twice the value of more common dates.
- Uncirculated Grades:
- For coins in certified grades like MS65 or better, the value significantly increases. A coin with Full Torch/Full Bands designations can fetch a much higher price, especially if it has unique features like rainbow toning.
Auction Prices and Market Data
Some notable auction sales demonstrate the value of this coin among collectors. For example:
- PCGS MS67+FB #25039700: Sold for over $1,000, with some examples going for much more, especially if the coin has exceptional features.
- PCGS MS68FB: One of the highest recorded sales for this coin type occurred on August 2, 2020, when a 1949-S Roosevelt Dime with a PCGS MS68FB grade sold for $11,812.50.
Design and Specifications
The 1949-S Roosevelt Dime was designed by John R. Sinnock, who served as the Chief Engraver of the U.S. Mint from 1925 until his death in 1947. Sinnock also designed the Franklin Half Dollar and was responsible for engraving the 1926 Sesquicentennial American Independence Half Dollar.
Obverse: The obverse features a left-facing bust of President Franklin D. Roosevelt with the word “LIBERTY” above and the motto “IN GOD WE TRUST” below.
Reverse: The reverse showcases a flaming torch, symbolizing liberty, flanked by an olive branch on the left (representing peace) and an oak branch on the right (symbolizing victory). The words “E PLURIBUS UNUM” are split around the central design.
Specifications:
- Country: United States
- Year: 1949
- Denomination: 10 Cents
- Mint: San Francisco (S mintmark)
- Mintage: 13,510,000
- Composition: 90% Silver, 10% Copper
- Weight: 2.50 grams
- Diameter: 17.90 mm
- Edge: Reeded
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Conclusion
The 1949-S Roosevelt Dime stands out not only for its historical context but also for its collectible value. While it may not be as rare as some other dates, its unique design features and repunched mintmark varieties make it a coin worth collecting.
Whether you are a seasoned collector or just starting, this dime offers a glimpse into a challenging economic time and the artistry of U.S. coin design.