1964 10C Roosevelt Dime (Proof)
The 1964 Proof Roosevelt Dime is a cherished coin among collectors. Struck at the Philadelphia Mint, this coin is part of the broader Roosevelt Dime series, which began in 1946. The transition year of 1964 is notable as it was the last year that U.S. dimes were struck in 90% silver before the Mint transitioned to a copper-nickel clad composition due to rising silver prices.
Mintage and Rarity:
The 1964 Proof Dime has a significant mintage of 3,950,762 pieces. Despite its relatively high mintage, its historical significance and the end of the silver coinage era increase its desirability. It was released as part of the United States Mint's annual proof set, allowing collectors of the time to purchase directly.
Numismatic History:
From a numismatic perspective, the 1964 Proof Dime marks the end of an era. The Roosevelt Dime was introduced to honor the late President Franklin D. Roosevelt, a key figure and advocate of polio research, furthering its sentimental value.
PCGS Coin Facts:
According to PCGS CoinFacts, the 1964 Proof Dime has a unique identifier, the PCGS #5225. It is highly sought-after in the highest grades, particularly those with Deep Cameo (DCAM) contrast.
Value and Market Performance:
The value of this coin significantly depends on its condition and the depth of its cameo effect. Prices for PR68 Deep Cameo examples have reached impressive sales in the market, demonstrating demand for such high-quality specimens. Heritage Auctions have seen similar assets fetching several hundred dollars.
Key Features and Collectibility:
Design: The obverse features a left-facing portrait of President Franklin D. Roosevelt, designed by John R. Sinnock. The reverse includes an olive branch, torch, and oak branch symbolizing peace, liberty, and victory, respectively.
Material: Composed of 90% silver and 10% copper, contributing to its historical numismatic value.
Condition: Collectors often seek the highest graded examples, and coins that are free from toning or blemishes tend to command higher prices. The presence of cameo or deep cameo contrast, where the design elements have a frosted appearance against a mirrored field, increases appeal. The 1964 Proof Dime remains a staple for those interested in American coinage's transition phase from silver to clad, symbolizing the broader economic changes of mid-20th-century America. Its accessibility combined with historical allure makes it a favored choice among numismatists.
