1983-P Roosevelt Dime: The 1983-P Roosevelt Dime is more than just a piece of spare change. For collectors, it represents a unique challenge in the world of numismatics. While it may not be the rarest coin at first glance, its scarcity in high-quality grades and its historical context make it a fascinating topic for anyone interested in U.S. coinage.
This guide takes a deep dive into the 1983-P Roosevelt Dime, covering its design, historical background, market value, and tips for collectors. Whether you’re a seasoned collector or just curious about this dime, you’ll discover why it’s an essential piece for any coin collection.
Key Details of the 1983-P Roosevelt Dime
Aspect | Details |
Year | 1983 |
Mint | Philadelphia (Mintmark: P) |
Mintage | 647,025,000 |
Composition | 75% Copper, 25% Nickel |
Weight | 2.27 g |
Diameter | 17.90 mm |
Edge | Reeded |
Designer | John R. Sinnock |
Historical Significance of the 1983-P Roosevelt Dime
The 1980s marked a period of change and innovation for the U.S. Mint. The early years of this decade saw the resurgence of commemorative coin programs, with significant focus on the upcoming 1984 Los Angeles Olympics. Amid this excitement, the U.S. Mint decided not to produce annual Uncirculated coin sets in both 1982 and 1983, leaving collectors without a convenient source for pristine examples of these years’ coins.
For the 1983-P Roosevelt Dime, this meant that collectors were forced to find high-quality coins through circulation. Unfortunately, the production methods of the time were not conducive to producing well-struck coins, making it challenging to locate dimes with sharp details and minimal imperfections.
Design of the 1983-P Roosevelt Dime
The 1983-P Roosevelt Dime features a classic design created by John R. Sinnock, the Chief Engraver of the U.S. Mint from 1925 to 1947.
Obverse Design
The obverse showcases a left-facing profile of President Franklin D. Roosevelt, a tribute to his leadership and efforts in combating polio. The inscriptions LIBERTY, IN GOD WE TRUST, and the year 1983 frame the portrait, with the mintmark “P” positioned near the neckline.
Reverse Design
On the reverse, a flaming torch symbolizes liberty, flanked by olive and oak branches representing peace and strength. The inscriptions UNITED STATES OF AMERICA, ONE DIME, and E PLURIBUS UNUM encircle the central design. This straightforward yet meaningful imagery has made the Roosevelt Dime a timeless staple of American coinage.
What Makes the 1983-P Roosevelt Dime Unique?
Several factors set the 1983-P Roosevelt Dime apart from other dimes:
1. Absence of Uncirculated Sets
The decision to forgo Uncirculated coin sets in 1983 had a significant impact on collectors. Without these sets, obtaining uncirculated examples of the 1983-P dime became difficult. This scarcity has contributed to its desirability, particularly in high grades.
2. Full Torch Designation
Coins with the “Full Torch” designation are particularly sought after. To qualify, the vertical lines and horizontal bands on the torch must be fully separated and well-defined. This level of detail is rare due to the declining quality of dies during the era, making Full Torch examples exceptionally valuable.
3. Challenges in Minting
The early 1980s saw issues with worn hubs and dies, leading to coins with weaker strikes. This is especially evident in the Roosevelt Dime series, where details like Roosevelt’s hair and the reverse torch are often faint or indistinct.
Value of the 1983-P Roosevelt Dime
The value of the 1983-P Roosevelt Dime depends on its condition and whether it has been graded. Here’s a breakdown:
- Circulated Coins: Typically valued at face value or slightly higher, around $0.50 to $1.
- Mint State Coins (Ungraded): Prices start at around $6 for uncirculated examples with minimal imperfections.
- Graded Coins: Certified coins with high grades (MS65 and above) can range from $20 to $50.
- Full Torch Designation: Coins with the coveted Full Torch designation are worth significantly more. Superb Gem examples in MS67 or MS68 with Full Torch have sold for hundreds or even thousands of dollars at auction.
Tips for Collectors
If you’re looking to add the 1983-P Roosevelt Dime to your collection, keep these tips in mind:
- Look for Strong Strikes: Pay attention to the torch detail on the reverse. Full Torch coins are rare but highly desirable.
- Buy Certified Coins: Grading services like PCGS or NGC provide assurance of a coin’s condition and authenticity, which is crucial for higher-value coins.
- Check Auction Sites: Online auctions often feature graded examples, giving you a chance to acquire high-quality dimes.
- Store Properly: Use coin holders or airtight containers to protect your coins from damage and oxidation.
Challenges in Finding High-Grade Coins
Despite the high mintage of the 1983-P Roosevelt Dime, finding well-preserved examples can be surprisingly difficult. Factors like weak strikes, circulation wear, and die degradation contribute to the scarcity of high-quality coins. Collectors seeking the Full Torch designation face an even steeper challenge, as only a small percentage of these dimes exhibit the necessary detail.
FAQs About the 1983-P Roosevelt Dime
1. Why is the 1983-P Roosevelt Dime special?
Its lack of inclusion in Uncirculated sets and its rarity in high grades make it a unique and sought-after coin for collectors.
2. What is the Full Torch designation?
It refers to a high-quality strike where the torch on the reverse shows full detail, with clear separation of lines and bands.
3. How much is a 1983-P Roosevelt Dime worth?
Circulated examples are typically worth up to $1, while high-grade Full Torch examples can fetch hundreds or even thousands of dollars.
4. Why are high-quality 1983-P dimes rare?
Poor production quality and the absence of Uncirculated sets contributed to the scarcity of pristine examples.
5. Who designed the Roosevelt Dime?
John R. Sinnock, who also designed the Franklin Half Dollar, created the Roosevelt Dime.
Final Thoughts
The 1983-P Roosevelt Dime is more than just a common coin—it’s a hidden gem for collectors. Its historical background, combined with the challenge of finding high-grade examples, makes it a rewarding addition to any collection. Whether you’re drawn to its design, its rarity, or its value, this dime is a testament to the artistry and history of American coinage.
Do you own a 1983-P Roosevelt Dime, or are you on the hunt for one? Share your thoughts and experiences in the comments below! For more insights into collectible coins, explore our other guides and uncover the treasures hidden in your pocket change.