The Silver Roosevelt Dime was first introduced in 1946, right after World War II. This coin was created to honor Franklin D. Roosevelt, the 32nd President of the United States, and it has remained a staple of U.S. coinage ever since. While the design features Roosevelt, it's important to note that his presence on the dime isn't solely because he was a president but also due to his impactful campaign against polio.
The Roosevelt Dime showcases a left-facing profile of Franklin D. Roosevelt, complete with a gentle smile. Surrounding his portrait are inscriptions that include “Liberty,” “In God We Trust,” and the year of mintage. On the reverse, you will find an olive branch, torch, and oak branch—symbols of peace, hope, and strength.
The dime's design has remained consistent since its inception. The portrait of Roosevelt was designed by John R. Sinnock, the eighth Chief Engraver of the U.S. Mint. Sinnock’s initials, "JS," can be found just beneath Roosevelt’s bust. From 1946 to 1964, these dimes were struck in .900 fine silver and weighed 2.5 grams. Post-1964, the composition shifted to a copper-nickel clad due to the rising cost of silver.
The Roosevelt Dime replaced the Mercury Dime, partly to honor Roosevelt’s extensive public service and partly because of his pivotal role in the fight against polio. His advocacy led to the founding of the March of Dimes, a nonprofit organization originally focused on eradicating polio.
Franklin D. Roosevelt passed away in 1945, just before the end of WWII. His death was a significant event, and the Treasury Department quickly moved to honor him with the dime, releasing it on what would have been his birthday, January 30, 1946. This coin marked the first major memorial to Roosevelt and solidified his legacy in American history.
Roosevelt's advocacy for polio eradication was a key reason for his depiction on the dime. A notable event that contributed to this decision was a joke by celebrity singer Eddie Cantor, which led to a nationwide campaign where millions of dimes were sent to the White House. Despite the economic hardships of the Great Depression, this effort garnered significant support, underscoring Roosevelt's impact on the nation.
The Roosevelt Dime with silver content was produced from 1946 to 1964. The dimes were struck at the Philadelphia, Denver, and San Francisco Mints. Post-1964, the dimes became clad coins, produced at the Philadelphia and Denver Mints, with some special releases from the West Point Mint.
Commemorative issues like the 2019-S Proof Silver Roosevelt Dime, struck in .999 fine silver, continue to honor the design’s legacy.
Roosevelt Silver Dimes are relatively common in both Mint State and Proof conditions, making them a popular choice for collectors. Key varieties that are rarer include the 1960 Doubled Die Obverse, 1963 Doubled Die Reverse, and the 1964-D Doubled Die Reverse. The value of these dimes depends on their condition, mint mark, year of mintage, and any mint errors they might have.
Typically, the value of a Roosevelt Dime ranges from $1 to $4, excluding rarities. Coins with mint errors or those in exceptional condition can fetch much higher prices. Seeking the advice of a professional coin grading service such as the Numismatic Guaranty Company (NGC) or the Professional Coin Grading Service (PCGS) is highly recommended.
The Roosevelt Silver Dime holds an important place in American numismatic history. While common, there are rarities that make this coin series intriguing for collectors. As time progresses, these coins may appreciate in value, making them an excellent addition for both new and seasoned collectors. At Bullion Hunters, we offer expert advice and a diverse selection of collectible coins. Visit our website or contact us to explore our inventory and enhance your collection with these timeless treasures.