Skip to content

The Hidden Value of 1968 Dimes: A Comprehensive Guide for Collectors

As a seasoned US coin collecting expert, I'm excited to take you on a journey through the fascinating world of 1968 dimes. While many may dismiss these coins as mere pocket change, they hold a special place in numismatic history and can sometimes be worth far more than their face value. In this comprehensive guide, we'll explore the history, varieties, and potential value of 1968 dimes, providing you with the knowledge to identify hidden treasures that might be lurking in your coin jar.

The Roosevelt Dime: A Brief History

Before we delve into the specifics of 1968 dimes, let's take a moment to appreciate the history behind this iconic American coin:

  • Introduced in 1946 to honor President Franklin D. Roosevelt
  • Designed by Chief Engraver John R. Sinnock
  • Replaced the Mercury dime design
  • Commemorates Roosevelt's efforts in fighting polio through the March of Dimes

The Roosevelt dime has been a staple of American currency for over 75 years, with billions minted since its inception. The year 1968 marks a significant point in this coin's history, as we'll soon discover.

1968: A Year of Change for the Dime

1968 was a pivotal year for the Roosevelt dime, bringing about a notable modification to the coin's design:

  • The mint mark was moved from the reverse to the obverse
  • Now located near the date on the obverse side
  • Part of a broader shift in U.S. coin design initiated in 1968

This change makes 1968 dimes particularly interesting to collectors, as they represent a transition in American coinage.

1968 Dime Varieties

There are three main varieties of 1968 dimes, each minted at a different location:

  1. 1968 (No Mint Mark) – Philadelphia
  2. 1968-D – Denver
  3. 1968-S – San Francisco (Proof coins only)

Let's examine each of these varieties in detail.

1968 Philadelphia Dime (No Mint Mark)

  • Mintage: 424,470,000
  • Characteristics: No mint mark on the obverse
  • Typical value in circulated condition: Face value ($0.10)

While most 1968 Philadelphia dimes are worth only face value, high-grade uncirculated specimens can command a premium:

  • MS-65 grade: $10-$12
  • MS-66 grade: $15-$20
  • MS-67 grade: $50-$75

1968-D Denver Dime

  • Mintage: 480,748,280
  • Characteristics: "D" mint mark on the obverse
  • Typical value in circulated condition: Face value ($0.10)

The Denver mint produced the highest number of dimes in 1968. Like their Philadelphia counterparts, most are worth face value, but pristine examples can be valuable:

  • MS-65 grade: $8-$10
  • MS-66 grade: $12-$15
  • MS-67 grade: $40-$60

1968-S San Francisco Proof Dime

  • Mintage: 3,041,506
  • Characteristics: "S" mint mark on the obverse, mirror-like finish
  • Typical value: $2-$5 for average proofs

Proof coins are specially minted for collectors and have a distinctive, mirror-like finish. While most 1968-S proof dimes are relatively affordable, some can be quite valuable:

  • PR-67 DCAM (Deep Cameo): $20-$30
  • PR-68 DCAM: $30-$50
  • PR-69 DCAM: $100-$150

The 1968-D Dime: A Closer Look

Since the 1968-D dime is the most common variety from this year, let's take a more detailed look at its value and what factors can influence its worth.

Factors Affecting 1968-D Dime Value

  1. Condition: The state of preservation is crucial. Uncirculated coins in pristine condition are worth significantly more than circulated examples.

  2. Strike Quality: Well-struck coins with sharp details are more desirable to collectors.

  3. Luster: Original mint luster adds to a coin's appeal and value.

  4. Color: Natural, attractive toning can increase a coin's worth.

  5. Full Bands (FB): Dimes with fully defined horizontal lines on the torch on the reverse are particularly prized.

1968-D Dime Value Guide

Here's a detailed breakdown of 1968-D dime values based on grade:

Grade Standard Full Bands (FB)
Circulated $0.10 N/A
MS-63 $2-$3 $5-$7
MS-65 $8-$10 $15-$20
MS-66 $12-$15 $25-$35
MS-67 $40-$60 $75-$100
MS-68 $200-$300 $800-$1,000

*Note: Values are based on recent auction results and dealer price lists as of 2023. The numismatic market can fluctuate, so these should be considered estimates.

Rare 1968 Dime Errors

While most 1968 dimes are common, certain minting errors can make them extremely valuable. Here are some errors to look out for:

1. Doubled Die

  • Caused by misalignment during the die-hubbing process
  • Results in doubling of design elements
  • Value: $65-$160 depending on the extent and location of doubling

2. No S Proof Error

  • Extremely rare proof coins lacking the "S" mint mark
  • Only a handful known to exist
  • Value: $12,000-$38,000 depending on grade

3. Re-Punched Mint Mark

  • Visible doubling or overlapping of the mint mark
  • Value: $500-$1,000 for high-grade examples

4. Off-Center Strike

  • Part of the design missing due to misaligned dies
  • Value varies based on the extent of the error and visibility of the date

How to Identify a Valuable 1968 Dime

To determine if your 1968 dime might be worth more than face value, follow these steps:

  1. Check the mint mark (or lack thereof) to identify the variety.
  2. Examine the condition – look for signs of wear on high points.
  3. Use a magnifying glass to look for any errors or unusual features.
  4. Check the strike quality, especially the bands on the torch.
  5. Look for any signs of original luster or attractive toning.

Remember, most 1968 dimes in circulation are only worth face value. However, uncirculated coins or those with errors can be quite valuable.

Preserving Your 1968 Dimes

If you believe you have a valuable 1968 dime, proper storage is crucial:

  • Use non-PVC coin holders or albums
  • Handle coins by their edges, never touching the faces
  • Store in a cool, dry place away from direct sunlight
  • Consider professional grading for high-value coins

The Market for 1968 Dimes

The market for 1968 dimes, particularly the 1968-D variety, remains steady. While common dates are abundant, there's always demand for high-grade examples and error coins. Here are some market trends:

  • Increasing interest in Full Bands (FB) examples
  • Strong demand for certified high-grade coins (MS-67 and above)
  • Error coins continue to command significant premiums
  • Proof coins remain popular among collectors

Historical Context and Numismatic Significance

To fully appreciate the 1968 dime, it's important to understand its historical context:

  • 1968 was a tumultuous year in American history, marked by social unrest and political assassinations
  • The Vietnam War was at its height, influencing economic policies
  • The U.S. Mint was transitioning away from silver coinage, with 1968 marking the first full year of clad composition for dimes

From a numismatic perspective, the 1968 dime represents:

  • A transitional year in U.S. coinage design
  • The continuation of the Roosevelt dime series, which has now spanned over seven decades
  • An accessible entry point for new collectors interested in modern U.S. coinage

Collecting Strategies for 1968 Dimes

For those interested in building a collection around 1968 dimes, consider these strategies:

  1. Complete Set: Acquire examples from all three mints (Philadelphia, Denver, and San Francisco proof)

  2. Error Hunt: Focus on finding and collecting various error coins from 1968

  3. Grade Climbing: Attempt to acquire the highest grade possible for each mint

  4. Full Bands Focus: Concentrate on collecting high-grade examples with Full Bands designation

Expert Tips for Authenticating 1968 Dimes

As a professional numismatist, I've examined thousands of 1968 dimes. Here are some expert tips for authenticating these coins:

  1. Weight and Dimensions: A genuine 1968 dime should weigh 2.27 grams and measure 17.9mm in diameter

  2. Reeding: Check the edge for proper reeding – there should be 118 reeds

  3. Die Characteristics: Familiarize yourself with known die varieties for 1968 dimes

  4. Magnetic Test: 1968 dimes are non-magnetic; if a coin sticks to a magnet, it's likely counterfeit

  5. Mint Luster: Authentic uncirculated coins will display characteristic cartwheel luster

Conclusion: Is Your 1968 Dime a Hidden Treasure?

While most 1968 dimes, including the 1968-D, are worth only face value, there's always the possibility of finding a hidden gem. High-grade uncirculated coins, particularly those with Full Bands, can be worth significantly more than their face value. Rare errors like the No S proof or dramatic doubled dies can be worth thousands.

Remember, the key to finding value in your 1968 dimes is knowledge and careful observation. By understanding what makes these coins valuable and knowing how to identify key features, you'll be well-equipped to spot potential treasures in your change or collection.

Whether you're a serious collector or just someone curious about the coins in your pocket, the world of 1968 dimes offers a fascinating glimpse into American numismatic history. So next time you come across a 1968 dime, take a moment to examine it closely – you never know what you might discover!