The numismatic world is filled with intriguing stories and valuable treasures, but few are as captivating as the 1968 No-S Proof Dime. This coin has earned its place in history not just for its rarity but for the circumstances that led to its creation. With some examples fetching up to $48,875 at auction, the 1968 No-S Proof Dime remains a coveted gem for collectors and investors alike. Here’s everything you need to know about this extraordinary coin.
The Story Behind the 1968 No-S Proof Dime
In 1968, the U.S. Mint reintroduced mintmarks on coins, with the San Francisco Mint producing proof coins marked by an “S.” However, a rare oversight led to the production of a small number of proof dimes without the “S” mintmark. Despite swift action to address the error, a limited number of these dimes entered the hands of collectors, making them a sought-after rarity in numismatics.
Identifying the No-S Proof Dime
Confirming the identity of a 1968 No-S Proof Dime requires attention to detail. Here are the distinguishing features:
1. Proof Quality
Proof coins are struck using specially prepared dies, resulting in a mirror-like finish with sharp, detailed designs.
2. Missing Mintmark
The absence of the “S” mintmark above the date on the obverse side is the hallmark of this error.
3. Enhanced Rims
Proof dimes typically feature broader and more defined rims compared to standard circulation coins.
It’s important to differentiate the No-S Proof Dime from regular 1968 Philadelphia Mint dimes, which also lack a mintmark. The reflective proof surface is the key indicator.
Market Value and Notable Auctions
The scarcity of the 1968 No-S Proof Dime contributes to its high value. Auction records highlight its worth based on grading:
- PR67: Sold for $40,250 in 2008.
- PR68: Reached $48,875 in 2006.
- PR69: Fetched $45,600 in December 2022.
Coins graded higher on the proof scale typically command premium prices due to their superior condition and visual appeal.
Comparison of 1968 Dime Variants
To fully appreciate the value of the 1968 No-S Proof Dime, it’s helpful to compare it with other 1968 dimes:
| Variant | Mintmark | Mintage | Approximate Value (Uncirculated) |
|---|---|---|---|
| 1968 Philadelphia Dime | None | 424,470,400 | $4 – $475 |
| 1968 Denver Dime | D | 480,748,280 | $4 – $300 |
| 1968 San Francisco Proof Dime | S | 3,041,506 | $3 – $125 |
| 1968 No-S Proof Dime | None | Estimated < 35 | $12,000 – $48,875 |
The No-S Proof Dime’s exceptional rarity sets it apart from its more common counterparts.
How to Authenticate Your 1968 Dime
If you suspect you have a 1968 No-S Proof Dime, follow these steps to authenticate and evaluate its value:
1. Professional Grading
Submit the coin to a reputable grading service, such as PCGS or NGC, for authentication and an official grade.
2. Expert Consultation
Consult with experienced numismatists or coin dealers for further insights.
3. Market Analysis
Review recent auction results to understand current market demand and pricing trends.
Taking these steps ensures the accurate identification and valuation of your coin.
The 1968 No-S Proof Dime stands as a fascinating artifact of U.S. Mint history and a testament to the allure of numismatic errors. For collectors, it represents a prized addition to any collection, and for casual coin enthusiasts, it may be the key to uncovering a hidden fortune. So, check your collections carefully—you never know what treasures you might discover.
How many 1968 No-S Proof Dimes are estimated to exist?
Experts believe fewer than 35 specimens exist, making it one of the rarest U.S. coins.
Can a regular 1968 dime without a mintmark be a No-S Proof Dime?
No, only proof dimes with a mirror-like finish and no mintmark qualify as No-S Proof Dimes.
Why are proof coins more valuable than circulation coins?
Proof coins are struck with special dies for collectors, resulting in higher quality and lower mintage, which increases their value.
