1983-P Roosevelt Dime : A Collector’s Guide

By Charles Morgan and Hubert Walker for CoinWeek Notes …..
 

The second 12 months of Donna Pope’s directorship of the United States Mint noticed an elevated deal with treasured metals commemorative cash. The Los Angeles Summer season Olympics, to be held in 1984, drew unprecedented nationwide consideration. Within the lead-up to the Video games, Congress and Olympics backers put forth a number of grandiose proposals for multi-year, multi-coin commemorative applications. In a sequence of articles written by Dave Provost, CoinWeek has printed a prolonged breakdown of the 1983-84 Los Angeles Olympics cash that’s effectively price your time. Briefly, the realized program, which included a number of silver greenback and gold $10 coin designs (the primary U.S. gold cash issued since 1933), might have been way more sprawling and doubtlessly devastating for the reborn commemorative coin program.

Producing these cash was a multi-mint affair, with the West Level Bullion Depository pitching in to strike the gold cash. Due to this and different components, the Mint prolonged the moratorium on issuing its annual Uncirculated coin set for a second 12 months. This meant that collectors didn’t have a one-stop-shopping technique to amass Mint State examples of every circulating coin for 1983.

As a substitute, collectors and sellers needed to supply cash by regular business channels. After all, the strike high quality of circulating cash is often worse than that of cash included in Uncirculated coin units. On account of this–and the truth that hub element was getting progressively weaker by 1983–sharply struck 1983 Roosevelt Dimes are seldom encountered amongst cash saved from circulation. Within the licensed coin market, this has main implications.

What Is the 1983-P Roosevelt Dime Price?

1983-P Roosevelt Dimes present in circulation have a “notional” numismatic worth of about $1. We are saying notional as a result of it’s uncertain {that a} coin supplier can pay any greater than face worth for circulated examples. It’s additionally unlikely that they’d buy Mint State examples, both. To reach at our circulated worth, we reviewed a number of eBay transactions which have occurred over the previous 12 months. In Mint State, the worth jumps to $6 for uncooked cash and extra for examples which have been licensed by one of many three main grading providers.

These fluctuate in value relying on the grade and strike high quality, with Excellent Gems graded MS67 or finer being essentially the most useful.

A current promotion by Erie, Pennsylvania coin supplier Dempsey and Baxter noticed a lot of 1983 Roosevelt Dimes (in addition to different cash) slabbed by NGC in black core holders with swatches of “mint luggage” affixed to the label in a way much like “recreation worn jersey” sports activities playing cards. This definitely presents a level of novelty for the collector however doesn’t add worth to the coin.

Usually talking, licensed populations of recent cash are too low to offer true perception right into a coin’s shortage or grade distribution. Within the case of the 1983-P Roosevelt Dime, nevertheless, we see a transparent distinction between the inhabitants of cash graded with and with out the necessary Full Torch designation.

Briefly, 1983-P Roosevelt Dimes with Full Torch symbolize lower than 2% of the full variety of 1983-P dimes submitted. To qualify as Full Torch, the vertical traces of the torch (discovered on the reverse) should be totally separated and present a excessive diploma of element. Throughout the high-mintage clad period, design sharpness diverse from 12 months to 12 months, relying on the situation of the hubs and dies.

Roosevelt Dime hubs clearly lacked element for the 1983 concern, and this may be noticed with the flatness of Roosevelt’s hair and the branches and torch on the reverse. Moreover, because the dies degraded, the readability of the inscriptions–particularly LIBERTY, IN GOD WE TRUST, E PLURIBUS UNUM, and the date–grew to become distorted.

Whereas it’s not a good suggestion to imagine that extra Full Torch cash gained’t flip up sooner or later, one can assume that Mint State rolls put aside by collectors that may comprise Full Torch examples are getting tougher to seek out.

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Market Information and Noteworthy Specimens

The NGC MS68FT inhabitants has stood at one coin since at the least 2015.

High Inhabitants: PCGS MS67FB (2, 12/2024), NGC MS68FT (1, 12/2024), and CAC None Graded (12/2024).

• NGC MS68FT #4206478-002: Heritage Auctions, December 4, 2015, Lot 3708 – $2,232.50. High pop, pop one.
• NGC MS67FT #2565760-001: “The Paul Kiraly #1 NGC Registry Roosevelt Dimes, Circulation Challenge Set,” Heritage Auctions, December 7, 2014, Lot 7443 – $558.13.
• PCGS MS64FB #13390220: GreatCollections, January 16, 2022, Lot 1095127 – $405.
• NGC MS68 #2541652-007: Heritage Auctions, April 21, 2012, Lot 9375 – $488.75.

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Design

Obverse:

A left-facing profile of President Franklin D. Roosevelt occupies many of the obverse area. Inside the sleek rim in entrance of Roosevelt’s face is the phrase LIBERTY. The motto IN GOD WE TRUST in smaller letters is positioned beneath the chin. The date 1983 is squeezed into the area contained in the rim and beneath the neck truncation, to the precise of the designer’s initials JS, that are just under and oriented parallel to the sting of the neckline. The mintmark P is situated in the back of the top between the date and the truncation of Roosevelt’s neck.

Reverse:

Fully encircling contained in the reverse clean rim is the legend UNITED STATES OF AMERICA and the denomination ONE DIME (in barely bigger letters). The 2 phrases are separated by centered dots. In the midst of the design is a flaming torch, flanked by an olive department to the left and an oak department to the precise. Forming a horizontal line by the bottom of the torch and each branches is the motto E PLURIBUS UNUM, with centering dots separating the three Latin phrases.

Edge:

The sting of the 1983-P Roosevelt Dime is reeded.

Designer

John R. Sinnock (1888-1947) served because the eighth Chief Engraver of america Mint from 1925 by his dying on Could 14, 1947. He’s accountable for the design of each the Roosevelt Dime and the Franklin Half Greenback.

1983-P Roosevelt Dime Coin Specs

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