The 1957 Roosevelt Silver Dime is a popular coin among collectors, largely due to its silver content and historical significance.
This coin, struck in both Philadelphia and Denver, is composed of 90% silver and 10% copper, which provides it with a strong intrinsic value, especially when silver prices are high.
Whether you have a circulated dime or one in mint state, this guide will help you understand its value and factors that affect its worth in today’s market.
History of the Roosevelt Silver Dime
Introduced in 1946, the Roosevelt Dime was minted to honor President Franklin D. Roosevelt. By 1957, over 273 million dimes were struck between the Philadelphia and Denver Mints.
This coin holds a special place in U.S. history, symbolizing post-war economic growth and recovery. The obverse of the coin features a profile of President Roosevelt, designed by John R. Sinnock. while the reverse displays a torch, an olive branch, and an oak branch—symbols of liberty, peace, and strength.
Value of the 1957 Roosevelt Dime
The value of a 1957 Roosevelt Silver Dime depends primarily on its condition and whether it has any unique features, such as a mint error or proof strike. The base value, due to its silver content, starts around $2 to $3 for circulated coins, but uncirculated (mint state) coins can reach up to $9.31 or more in top condition.
Below is a breakdown of the estimated values based on different conditions:
| Condition | Value (USD) |
|---|---|
| Circulated (Good) | $2 – $3.85 |
| Extremely Fine (EF) | $4.62 – $5.87 |
| Mint State (MS) | $5.87 – $9.31 |
| Proof Coins (PR) | $7.08 – $45 |
Uncirculated or mint state coins without any wear are most valuable to collectors. These coins retain their original luster and are free from damage, allowing them to command premium prices.
Mint Mark and Rarity
1957 Roosevelt Silver Dimes were minted in both Philadelphia (no mint mark) and Denver (denoted by a “D” on the reverse side). The Denver Mint produced over 113 million dimes, while the Philadelphia Mint produced over 160 million. Although the total mintage numbers are large, high-quality, uncirculated examples remain desirable among collectors.
Grading and Its Impact on Value
Grading plays a crucial role in determining the exact value of a 1957 Roosevelt Silver Dime. Professional grading services like PCGS or NGC assess a coin’s condition on a scale from Poor (P-1) to Perfect Mint State (MS-70).
Coins that show no signs of wear and maintain their original mint luster are highly valued. The most valuable dimes are graded MS65 or higher, where values can exceed $4,100 for a Full Torch (FT) graded coin.
Common Grades
- Mint State (MS): No wear, full luster, sharp details. Value ranges between $5.87 and $9.31.
- Extremely Fine (EF): Slight wear on high points, visible details. Value typically between $4.62 and $5.87.
- Fine (F): Moderate wear, but details are still distinguishable. Value closer to $2-$3.
1957 Dime Errors and Their Impact on Value
Mint errors can significantly increase the value of a 1957 Roosevelt Silver Dime. Some error types include:
- Blakesley Effect: This occurs when part of the coin is clipped, resulting in a flattened or incomplete edge. Coins with this error can be worth between $5 and $10.
- Blank Reverse: Dimes with no design on the reverse are particularly rare and can fetch prices over $100, depending on the extent of the error.
Where to Buy or Sell 1957 Roosevelt Silver Dimes
If you are looking to buy or sell 1957 Roosevelt Silver Dimes, reputable dealers, online marketplaces like eBay, and numismatic auctions are great starting points.
Ensure you verify the coin’s grade and authenticity, especially for higher-end examples. Graded coins from reputable agencies like PCGS or NGC will always fetch higher prices in the market.
Conclusion
The 1957 Roosevelt Silver Dime is a valuable piece of American numismatic history. While circulated examples primarily carry their silver melt value, uncirculated and error coins can fetch significantly higher prices.
Understanding the nuances of coin grading, mint marks, and market demand will help you determine the exact worth of your 1957 dime.
Whether you’re a seasoned collector or a novice, this guide provides the essential information needed to make informed decisions about buying, selling, or preserving these historic coins.
FAQs
1. How much is a 1957 Roosevelt Dime worth today?
The value of a 1957 Roosevelt Dime can range from $2 for circulated examples to over $9 for uncirculated (mint state) dimes. Proof versions may be worth more depending on their condition.
2. What are the key factors that affect the value of a 1957 Roosevelt Dime?
Condition, rarity, mint marks, and minting errors are the main factors influencing value. Uncirculated coins or those with rare errors can fetch premium prices.
3. What is the silver content of the 1957 Roosevelt Dime?
The 1957 Roosevelt Dime is composed of 90% silver and 10% copper, weighing 2.5 grams. Its silver melt value is around $2.30, depending on the current spot price of silver.
4. What is a Full Torch (FT) designation, and why is it important?
The Full Torch (FT) designation refers to dimes where the torch on the reverse side is struck with full detail, particularly in the vertical bands. FT coins are highly desirable and command higher prices.
5. How can I sell a 1957 Roosevelt Dime?
You can sell 1957 Roosevelt Dimes through coin dealers, online marketplaces, or auction houses. Ensure the coin is professionally graded and authenticated to achieve the best price.
References
- Coin Study, “1957 Dime Value | Discover Their Worth.”
- USA Coin Book, “1957 Roosevelt Silver Dime Coin Value Prices & Info.”
- Coin Appraiser, “Value of 1957 Roosevelt Dime.”
- Coin Folly, “1957 Roosevelt Dime Value (‘P’, ‘D’ & Rare Errors).”