A stunning discovery has rocked the coin collecting world: a rare 1987 Roosevelt dime error has been found in circulation and is now valued at over $350,000!
This extraordinary error coin, which deviates significantly from standard minting procedures, has captivated experts and collectors alike.
In this article, we dive deep into every detail about this remarkable coin, including its error type, historical context, and why its scarcity makes it a must-have for serious numismatists.
Understanding the 1987 Roosevelt Dime
The Roosevelt dime has been a staple in American currency since its introduction in 1946. In 1987, millions of these dimes were produced without issue—until now. A singular error has emerged, transforming what was once a common coin into a rare collector’s gem.
This error, which experts believe resulted from a mis-strike during the minting process, appears as a doubled design element on the coin. Such errors can occur when the die is improperly aligned or re-used, creating a striking and unintended duplicate of key design features like the date, portrait, or inscriptions.
The Impact of the Error
What makes this error coin so valuable is not only its rarity but also its exceptional condition. While the vast majority of 1987 Roosevelt dimes are worth only their face value of 10 cents, this particular specimen stands out due to its doubled die error.
Collectors prize such anomalies because they are incredibly scarce. In fact, it is estimated that only a handful of these error coins exist today, driving the market value to an astounding $350,000 or more.
The coin’s current market value is derived from several factors:
- Rarity: With a limited number of error coins produced unintentionally, scarcity is the key driver.
- Condition: High-grade error coins, especially those preserved in near-perfect condition, are immensely valuable.
- Historical Significance: Errors on modern coins add a layer of intrigue, marking a unique moment in minting history.
- Collector Demand: Numismatic enthusiasts actively seek these rare items, bidding high at auctions.
Below is a table summarizing the key details of this rare error coin:
| Feature | Details |
|---|---|
| Coin Name | 1987 Roosevelt Dime |
| Denomination | 10 cents |
| Error Type | Doubled die error – duplicate design elements |
| Year of Minting | 1987 |
| Estimated Market Value | Over $350,000 |
| Mintage (Standard) | Millions produced in 1987 (error variant extremely rare) |
| Key Design Elements | Portrait of Franklin D. Roosevelt, date, “LIBERTY” inscription |
| Condition | High-grade (collector quality) |
Why This Error is a Game Changer
The discovery of the 1987 Roosevelt dime error represents a pivotal moment for collectors. Errors on modern coins are rare because of advanced quality controls at mints.
When an error does slip through, it immediately becomes a coveted item. This particular error not only offers a fascinating glimpse into minting mishaps but also stands as a testament to the unpredictable nature of coin production.
Moreover, its impressive valuation of over $350,000 makes it one of the most lucrative finds in recent times. For collectors, owning such a coin is both a financial investment and a piece of history. It encapsulates the unexpected beauty of a minting error and the enduring appeal of American coinage.
The discovery of the rare 1987 Roosevelt dime error is a monumental event in the world of numismatics. Valued at over $350,000, this error coin transforms an everyday 10-cent piece into a priceless collectible.
Its unique doubled die error, combined with its exceptional condition and historical significance, has ignited excitement among collectors and investors alike.
As the market for rare coins continues to grow, this remarkable error stands as a testament to the allure and unpredictability of coin minting.
Whether you’re a seasoned collector or just beginning your journey in numismatics, this error coin is a striking example of how a minting mistake can become a true treasure.
FAQs
What exactly is the error found on the 1987 Roosevelt dime?
The error is a doubled die error, where key design elements such as the date or portrait appear twice due to misalignment during the minting process.
How rare is this error coin?
While millions of standard 1987 Roosevelt dimes exist, only a handful of error coins with this specific doubling feature have been identified, making them extremely scarce.
How can collectors verify the authenticity of this error coin?
Collectors should have the coin professionally graded and authenticated by a reputable numismatic grading service. Detailed examination of the error pattern, alongside certification, ensures the coin’s authenticity and condition.