The 1958 Roosevelt Dime is worth anywhere from $2.15 in worn condition to over $600 in high-grade mint state. While most examples found in pocket change are valued primarily for their silver content, specific variations and proof strikes can command impressive premiums from dedicated coin collectors.
| Condition | Estimated Value (USD) |
|---|---|
| Good/Fine (Silver Melt) | $2.15 – $2.50 |
| Extremely Fine (XF45) | $3.00 – $5.00 |
| Uncirculated (MS60-MS63) | $6.00 – $12.00 |
| Gem Mint State (MS65+) | $25.00 – $600+ |
History and Significance of the 1958 Roosevelt Dime
If you have discovered a 1958 Roosevelt Dime in an old jar or inherited a collection, you are holding a piece of American history from the late 1950s. At this time, the United States Mint was still producing dimes with 90% silver and 10% copper. This makes every dime from this era inherently valuable, even if it is badly scratched or worn down.
The Roosevelt Dime was first introduced in 1946 to honor President Franklin D. Roosevelt after his passing. By 1958, the design was well-established, featuring the profile of FDR on the obverse and a torch flanked by olive and oak branches on the reverse. For many casual hunters, identifying these coins is easy using the best coin identifier app available today, which helps distinguish between common strikes and rare varieties.
Most 1958 dimes without a mint mark were produced at the Philadelphia Mint. During this specific year, the Philadelphia Mint struck over 31 million dimes for circulation. While this might seem like a high number, it is actually quite low compared to Denver’s massive production of over 136 million that same year. Because of this relatively lower mintage, “No Mint Mark” Philadelphia dimes are often sought after in high grades.
Determining the 1958 Dime No Mint Mark Value
The primary factor determining the price of your 1958 dime is its physical condition. Because these coins were made of silver, they frequently circulated in the economy, suffering from “bag marks” and wear. A coin that looks shiny and new (Uncirculated) will always be worth significantly more than one that is dull or smooth.
When assessing your coin, look for the “Full Bands” (FB) designation on the reverse. This refers to the horizontal bands on the torch; if they are fully separated and distinct, the coin is considered “Full Band,” which can skyrocket the value. Professional collectors use CoinHix to keep track of these specific grading nuances and current market fluctuations.
Lower-grade coins are typically tied to the “melt value” or the spot price of silver. However, once you reach the “About Uncirculated” or “Mint State” categories, the collector premium begins to take over. You can find detailed 1958 dime price variations by grade through specialized numismatic databases.
| Grade | Value Range |
|---|---|
| MS60 (Uncirculated) | $6.50 |
| MS65 (Gem BU) | $22.00 |
| MS67 (Superb Gem) | $150.00 |
| MS67 FB (Full Bands) | $650.00+ |
Identifying Mint Marks on 1958 Dimes
A common question for beginners is: “How do I know if my 1958 dime has a mint mark?” On the Roosevelt Dime series, the mint mark is located on the reverse (the back of the coin), specifically at the bottom left of the torch. It will appear as a small “D” for Denver. If there is no letter present, the coin was minted in Philadelphia.
Philadelphia coins from 1958 are unique because they were also responsible for the “Proof” sets. Proof coins are specially struck for collectors and have a mirror-like finish. While a standard circulation 1958 Philadelphia dime is common, a high-quality Proof version is a different story. If you are unsure of your coin’s strike type, CoinHix provides visual comparisons to help you decide if your coin is a standard strike or a proof.
Interestingly, the 1958-P (No Mint Mark) is actually rarer in high grades than its Denver counterpart. Because the mintage was roughly a quarter of Denver’s output, finding a well-preserved Philadelphia dime is more challenging for collectors today. You can check the current market data for 1958 dimes to see how the Philadelphia “No Mint Mark” versions compare to the Denver “D” versions.
Silver Content and Melt Value
Regardless of its numismatic (collector) value, every 1958 Roosevelt Dime has a “floor” price determined by the price of silver. Each dime contains 0.07234 troy ounces of pure silver. This means that even if the coin is in terrible condition—bent, scratched, or heavily worn—it will never be worth just ten cents.
As the price of silver fluctuates on the global market, so does the base price of your 1958 dime. For example, if silver is at $30 per ounce, your dime is worth roughly $2.17 in raw metal alone. Many people buy “junk silver” bags of these dimes as a form of investment against inflation.
| Silver Price (Per Oz) | 1958 Dime Melt Value |
|---|---|
| $25.00 | $1.81 |
| $30.00 | $2.17 |
| $35.00 | $2.53 |
Rare 1958 Roosevelt Dime Varieties and Errors
Collectors are always on the lookout for errors that happened during the minting process. While the 1958 Roosevelt Dime is not known for massive “holy grail” errors like some other years, there are subtle variations that can increase the value significantly. These include Die Cracks, Double Dies, and Clipped Planchets.
A Double Die Obverse (DDO) or Reverse (DDR) is where the coin shows a slight “doubling” of the letters or dates. This happens when the die used to strike the coin was engraved incorrectly. Finding these requires a magnifying glass or a high-quality camera. Users often upload photos of their finds to CoinHix to get a second opinion from the community on potential error coins.
Another key feature to look for is the “Cloudy” or “Deep Cameo” effect on Proof coins. Proof coins from Philadelphia (no mint mark) that exhibit a heavy contrast between the frosty portrait and the mirror background are incredibly rare and can sell for thousands of dollars at high-end auctions.
Where to Sell Your 1958 Dime
Once you’ve identified that you have a valuable 1958 Roosevelt Dime, the next step is deciding where to sell it. If your coin is only worth its silver melt value, your local coin shop or a reputable precious metals dealer is the easiest option. They usually pay a percentage of the total silver spot price.
If you believe your coin is a high-grade “Full Band” specimen or a rare error, you should consider professional grading by services like PCGS or NGC. A certified grade can increase the selling price by hundreds of dollars. Once graded, online auction sites or specialized coin auction houses become the best venues for maximizing your profit.
Always remember to research recent sales before accepting an offer. Market demand for 1950s silver changes over time. Keeping a digital inventory on an app helps you stay informed about when prices are peaking, ensuring you don’t sell your silver collection for less than it is truly worth.
| Selling Method | Best For… |
|---|---|
| Local Coin Shop | Quick cash, common silver coins |
| eBay / Online | Mid-range collector coins |
| Auction Houses | Rare errors and MS67+ grades |
FAQ
Q: Is a 1958 dime without a mint mark rare?
A: While over 31 million were made, it is less common than the Denver strike. However, because it is made of silver, it is considered much more desirable than modern dimes. It is only “rare” in exceptionally high uncirculated grades (MS67 or higher).
Q: How can I tell if my 1958 Roosevelt dime is silver?
A: All dimes minted in 1958 are 90% silver. If you look at the edge of the coin and see a solid silvery-white color without a copper stripe, it is silver. Also, silver dimes have a distinct higher-pitched “ring” when dropped on a table compared to modern clad coins.
Q: What is the “Full Bands” designation?
A: Full Bands (FB) refers to the two sets of horizontal lines on the torch on the back of the Roosevelt dime. If these lines are completely visible and not blended together by wear or a weak strike, the coin is significantly more valuable to collectors.
Q: Where is the mint mark on a 1958 dime?
A: The mint mark is located on the reverse side of the coin, at the bottom of the torch, just to the left of the base. If you see no letter, it was minted in Philadelphia. If you see a “D,” it was minted in Denver.
