1983-P Roosevelt Dime: The 1983-P Roosevelt Dime holds a special place in the world of coin collecting. Despite being a common coin in circulation, finding a well-struck example, especially one with the Full Torch designation, is exceptionally rare. This dime represents a unique blend of historical significance, production challenges, and numismatic value that collectors find both fascinating and rewarding.
In this guide, we’ll explore the 1983-P Roosevelt Dime in detail, uncovering its historical background, design, rarity, and market value. Whether you’re a seasoned coin collector or just starting your journey, this article will serve as a complete resource to understand and appreciate the importance of this coin.
Quick Overview of the 1983-P Roosevelt Dime
| Attribute | Details |
| Year of Issue | 1983 |
| Mintmark | P (Philadelphia) |
| Mintage | 647,025,000 |
| Designer | John R. Sinnock |
| Composition | 75% Copper, 25% Nickel |
| Weight | 2.27 g |
| Diameter | 17.90 mm |
| Edge | Reeded |
| Obverse Design | Portrait of Franklin D. Roosevelt |
| Reverse Design | Torch flanked by olive and oak branches |
The Historical Context Behind the 1983-P Roosevelt Dime
The 1983-P Roosevelt Dime was struck during a period of change and uncertainty at the U.S. Mint. The early 1980s were marked by a significant focus on commemorative coin programs, particularly surrounding the 1984 Los Angeles Summer Olympics. Proposals for multi-year commemorative coin programs were under discussion, which placed added pressure on the Mint’s production resources.
Adding to the challenge, the annual Uncirculated coin sets were not produced in 1982 and 1983. This decision made it difficult for collectors to acquire high-quality Mint State examples of circulating coins, including the 1983-P Roosevelt Dime. As a result, collectors had to source these coins directly from circulation, where strike quality was often inconsistent and dies were heavily worn.
This historical backdrop plays a significant role in why finding a well-struck 1983-P Roosevelt Dime today is such a challenge, especially one with sharp design details and the coveted Full Torch strike.
Understanding the Design of the 1983-P Roosevelt Dime
Obverse Design:
The obverse of the 1983-P Roosevelt Dime features a left-facing portrait of President Franklin D. Roosevelt, designed by John R. Sinnock. Key details include:
- The word LIBERTY positioned to the left.
- The motto IN GOD WE TRUST beneath Roosevelt’s chin.
- The year 1983 and the P mintmark near the neckline.
This design honors Roosevelt’s legacy, particularly his efforts in fighting polio and his leadership during World War II.
Reverse Design:
The reverse showcases a torch in the center, symbolizing liberty, flanked by an olive branch representing peace and an oak branch symbolizing strength. The inscription E PLURIBUS UNUM runs horizontally across the design.
This combination of symbols captures the core values of the United States and reinforces the theme of resilience and unity.
Why the Full Torch Designation Matters
For collectors, one of the most important aspects of evaluating a 1983-P Roosevelt Dime is determining whether it meets the Full Torch (FT) standard.
To earn a Full Torch designation, the coin must exhibit:
- Fully separated vertical lines on the torch.
- Clearly defined horizontal bands.
Achieving this level of detail was particularly difficult in 1983 due to worn dies and fading hub details. This scarcity explains why less than 2% of certified 1983-P Roosevelt Dimes receive the Full Torch designation.
Coins with this designation not only stand out in terms of quality but also command significantly higher prices in the numismatic market.
Value and Market Trends of the 1983-P Roosevelt Dime
The value of a 1983-P Roosevelt Dime varies based on its condition and whether it carries the Full Torch designation.
General Value Estimates:
- Circulated Coins: Usually worth face value, with a minor premium of about $1 in numismatic circles.
- Uncirculated Coins (Raw Mint State): Typically sell for around $6.
- Certified Coins with Full Torch: These command much higher premiums, especially in grades of MS67 and above.
Notable Auction Sales:
- NGC MS68FT: Sold for $2,232.50 in 2015, a record-breaking sale.
- NGC MS67FT: Sold for $558.13 in 2014.
- PCGS MS64FB: Fetched $405 in 2022.
These sales highlight the growing interest and value associated with high-grade examples of the 1983-P Roosevelt Dime.
Challenges in Collecting the 1983-P Roosevelt Dime
- Strike Quality: Many coins from this mintage exhibit weak strikes and fading details.
- Limited Mint Sets: The absence of Uncirculated coin sets for 1983 makes sourcing premium coins challenging.
- Rarity of Full Torch Examples: Finding a Full Torch designation coin requires patience and often comes at a premium price.
For these reasons, owning a well-struck 1983-P Roosevelt Dime is considered a significant achievement among collectors.
Tips for Collecting the 1983-P Roosevelt Dime
- Focus on Detail: Prioritize coins with sharp design features, especially on the reverse torch.
- Certified Coins: Invest in coins graded by reputable services like NGC or PCGS.
- Check Auction Listings: Keep an eye on auction platforms for rare, high-grade specimens.
- Search Circulation: Occasionally, high-quality examples can still be found in pocket change.
FAQs About the 1983-P Roosevelt Dime
1. What makes the 1983-P Roosevelt Dime rare?
Its rarity comes from poor strike quality and the absence of Uncirculated Mint Sets in 1983.
2. What is the Full Torch designation?
A coin earns this if the reverse torch shows fully separated vertical lines and sharp horizontal bands.
3. Are circulated 1983-P Roosevelt Dimes valuable?
Generally, they hold minor numismatic value, around $1.
4. What is the most valuable 1983-P Roosevelt Dime?
An NGC MS68FT coin sold for $2,232.50 in 2015.
5. Should I get my 1983-P Roosevelt Dime graded?
If the coin shows sharp strike details, especially on the torch, professional grading could increase its value.
Final Thoughts
The 1983-P Roosevelt Dime is not just another piece of pocket change—it’s a symbol of a fascinating period in U.S. Mint history. Its scarcity in high grades, combined with the challenge of finding Full Torch examples, makes it a prized piece for collectors.
Whether you’re looking to invest, collect, or simply learn more about this dime, it remains an exciting addition to any coin collection. Share your thoughts, experiences, or discoveries in the comments below, and happy collecting!
