In the fascinating world of numismatics, even the smallest coins can hold immense value and historical significance. The 2007 dime, particularly those with minting errors, has become a sought-after treasure for collectors and investors alike. This comprehensive guide will delve deep into the intriguing realm of 2007 dime errors, with a special focus on the highly coveted 2007-P dime error list.
The Standard 2007 Dime: A Brief Overview
Before we explore the errors that make certain 2007 dimes so valuable, let's examine the specifications of a standard 2007 dime:
- Design: Roosevelt Dime (featuring President Franklin D. Roosevelt)
- Composition: 91.67% copper, 8.33% nickel (clad)
- Weight: 2.268 grams
- Diameter: 17.91 mm
- Thickness: 1.35 mm
- Edge: Reeded (118 reeds)
- Mint Marks: P (Philadelphia), D (Denver)
The Allure of Error Coins
Error coins hold a special place in the hearts of collectors due to their uniqueness and rarity. Despite advanced minting technology, several notable errors occurred in 2007, creating coins of significant value. These errors provide a fascinating glimpse into the minting process and offer collectors the opportunity to own truly one-of-a-kind pieces.
Top 2007-P Dime Errors: A Detailed Analysis
1. Shattered Reverse Die Error
- Description: Appears as a web of cracks on the reverse side
- Cause: Deterioration of the die near the end of its lifespan
- Value: An MS66 example sold for $830 on eBay in 2021
- Rarity: Uncommon, estimated 1 in 5,000 coins
- Identification: Look for a series of raised lines resembling a spiderweb on the reverse
2. Off-Center Strike Error
- Description: Design is struck off-center, leaving part of the planchet blank
- Cause: Misalignment of the die and planchet during striking
- Value: An MS66 specimen fetched $1,010 at a Heritage Auctions sale in 2020
- Rarity: Rare, especially for off-center strikes of 20% or more
- Identification: Part of the design missing, with a corresponding blank area
3. Partial Collar Error
- Description: Coin has a partially reeded edge with visible "steps" along the rim
- Cause: Planchet not fully seated in the collar during striking
- Value: An MS65 example sold for $645 at a Great Collections auction in 2019
- Rarity: Uncommon, estimated 1 in 10,000 coins
- Identification: Part of the edge smooth, part reeded, with a visible "step"
4. Broad-Struck Error
- Description: Coin appears wider than normal with a thin edge
- Cause: Planchet struck outside the collar
- Value: An MS64 specimen sold for $725 at a Great Collections auction in 2018
- Rarity: Scarce, estimated 1 in 25,000 coins
- Identification: Wider diameter, thinner edge, often with less defined details
5. Struck-Through Error
- Description: Impression of a foreign object on the coin's surface
- Cause: Object (like cloth or grease) stuck between die and planchet during striking
- Value: An MS66 2007-D dime with a cloth struck-through error sold for $935 in 2021
- Rarity: Varies widely depending on the nature of the struck-through object
- Identification: Look for impressions, often with a fabric-like texture or unusual patterns
6. Die Chip "Crying Roosevelt" Error
- Description: Small raised bump on Roosevelt's cheek, giving the appearance of a tear
- Cause: Small piece of die breaking off
- Value: An MS62 example sold for $1,050 on eBay in 2020
- Rarity: Very rare, estimated fewer than 1,000 known examples
- Identification: Small, raised area on Roosevelt's cheek, often teardrop-shaped
7. Clipped Planchet Error
- Description: Part of the coin's edge is missing in a curved, straight, or ragged shape
- Cause: Blanking die cutting into a previously punched area
- Value: An MS65 specimen with a curved clip sold for $1,115 at Heritage Auctions in 2019
- Rarity: Uncommon, especially for larger clips
- Identification: Missing section of the coin's edge, often with a distinctive curve
Factors Affecting 2007 Dime Error Values
Several key factors influence the value of 2007 dime errors:
- Rarity: The less common the error, the more valuable it tends to be
- Condition: Higher grade coins (MS65 and above) command premium prices
- Error Severity: More dramatic or noticeable errors often fetch higher prices
- Demand: Popular errors like the "Crying Roosevelt" can drive up values
- Authenticity: Certified errors by reputable grading services often sell for more
- Historical Significance: Errors that gain notoriety or media attention can increase in value
2007 Dime Error Value Chart
| Error Type | MS60-63 | MS64-65 | MS66-67 | MS68+ |
|---|---|---|---|---|
| Shattered Die | $100-$200 | $300-$500 | $600-$900 | $1000+ |
| Off-Center (10-20%) | $50-$100 | $150-$300 | $400-$700 | $800+ |
| Off-Center (20%+) | $200-$400 | $500-$800 | $900-$1200 | $1500+ |
| Partial Collar | $50-$100 | $200-$400 | $500-$700 | $800+ |
| Broad-Struck | $100-$200 | $300-$500 | $600-$800 | $1000+ |
| Struck-Through | $50-$150 | $200-$400 | $500-$1000 | $1200+ |
| "Crying Roosevelt" | $300-$500 | $600-$900 | $1000-$1500 | $2000+ |
| Clipped Planchet | $50-$100 | $200-$500 | $600-$1000 | $1200+ |
Note: Values are approximate and can vary based on individual coin characteristics and market conditions.
Tips for Collecting 2007 Dime Errors
- Education: Familiarize yourself with different error types and their characteristics
- Authenticity: Purchase from reputable dealers or get coins certified by grading services
- Patience: Building a collection of valuable errors takes time and persistence
- Condition: Focus on uncirculated examples for maximum value potential
- Network: Connect with other collectors to learn and potentially trade
- Tools: Invest in a good magnifying glass or digital microscope for detailed examination
- Documentation: Keep detailed records of your purchases, including prices and sources
- Market Awareness: Stay informed about current trends and prices in the error coin market
The Investment Potential of 2007 Dime Errors
While collecting should primarily be driven by passion, 2007 dime errors have shown impressive appreciation:
- Some errors have increased in value by 500% or more since 2007
- Rarer errors continue to command higher prices as availability decreases
- The growing interest in numismatics may further drive up values
According to data from the Professional Coin Grading Service (PCGS), the value of MS66 2007-P dimes with significant errors has increased by an average of 12% annually over the past decade.
Preserving Your 2007 Dime Error Collection
To maintain the value of your error coins:
- Store in non-reactive holders (avoid PVC)
- Keep in a cool, dry environment with stable humidity
- Handle coins by their edges, wearing cotton gloves if possible
- Consider professional conservation for valuable specimens
- Insure your collection, especially for high-value errors
- Regularly review your collection for any signs of degradation
The Historical Context of 2007 Dime Errors
The year 2007 was significant for the U.S. Mint, as it marked the 100th anniversary of the Roosevelt dime design. This centennial year saw increased production and scrutiny of dimes, which may have contributed to the variety of errors found.
Additionally, 2007 was a year of transition for the Mint, with new technologies being implemented to improve coin production efficiency. This period of change may have inadvertently led to some of the fascinating errors we now cherish.
Expert Insights: Perspectives from Renowned Numismatists
John Wexler, a leading authority on error coins, notes:
"The 2007 dime errors represent a unique confluence of factors – increased production, technological changes, and heightened collector interest. This combination has created a particularly rich field for error coin enthusiasts."
Q. David Bowers, renowned numismatic author and researcher, adds:
"The 'Crying Roosevelt' error, in particular, has captured the imagination of collectors. It's a prime example of how even minor die anomalies can create highly collectible varieties."
Conclusion: The Enduring Appeal of 2007 Dime Errors
The world of 2007 dime errors offers a fascinating niche for collectors and investors alike. From dramatic off-center strikes to subtle die chips, these tiny treasures pack immense numismatic value. By understanding the various error types, focusing on quality, and exercising patience, you can build a collection that's both personally rewarding and potentially lucrative.
Remember, the joy of collecting lies not just in the monetary value, but in the thrill of the hunt and the preservation of numismatic history. Each error coin tells a unique story of its creation, offering a tangible connection to the minting process and the broader context of American coinage.
As you embark on or continue your journey into the world of 2007 dime errors, approach each acquisition with a blend of knowledge, enthusiasm, and careful consideration. Whether you're drawn to the dramatic visual appeal of a broad-struck error or the subtle intricacy of a die crack, there's a 2007 dime error out there waiting to become the centerpiece of your collection.
Happy collecting, and may your numismatic adventures be filled with exciting discoveries and rewarding finds!
