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1962, 1963 & 1964 Roosevelt Dime Coins:
1962 Dime Coin:
"Well more than 400 million Roosevelt dimes were minted in 1962 as demands increased for the coin from both numismatists and the general public. While true blue coin collectors were not necessarily collecting the coin to the point of exhausting available supplies from circulation, many in the public were. This was due to the rising value of silver bullion, which jumped in price by 30 percent in 1962 over the prices of the previous year.
Many observers at the U.S. Mint were taking notice of the situation and sizing up the possibility of changing the metallic composition of the dime, quarter, and half dollar. For the meantime, 90 percent silver coinage resumed, and Roosevelt dimes were struck in great numbers during
1962, as evidenced below:
- 1962 – 72,450,000; $3
- 1962-D – 334,948,380; $3
- 1962 proof – 3,218,019; $4
Given such large mintages, with huge quantities of these coins surviving numerous melting periods over the years (as coinciding with other periods of silver bullion value surges), the 1962 Roosevelt dime remains highly common across the grading spectrum. This includes the proof dime from that year, which was minted in very high numbers and can be had for a nominal amount over the price of a typical Mint State specimen from 1962."
1963 Dime Coin:
"In 1963, about 550 million Roosevelt dimes would be minted to meet the rising demands from the American public. While the need was rising along with a growing population, which was in its final years of the post-war baby boom, the need for more coinage wasn’t solely due to organic growth in the economy. Dimes, quarters, and half dollars were disappearing from circulation as silver prices rose.
Most of the hoarders were from outside the numismatic community and held onto the coins for the sole purpose of gaining profit from the increasing intrinsic value of the silver within the higher-denomination coins. The bulging mintage figures for 1963 dimes can be seen below:
- 1963 – 123,650,000; $3
- 1963-D – 421,476,530; $3
- 1963 proof – 3,075,645; $4
- 1963 proof doubled die reverse – mintage unknown; $350
1963 Roosevelt dimes were saved in huge quantities, and this has resulted in large numbers of the coin being available today in uncirculated grades. It’s not hard to find a choice specimen of an uncirculated Roosevelt dime, let alone one in proof. Astute coin collectors with a keen eye may be able to pick up a choice specimen for little over spot prices from a roll of uncirculated dimes or a mint set. Keep an eye out for the scarce and valuable 1963 doubled die dime in proof sets."
1964 Dime Coin:
"1964 was the last year of 90 percent silver regular-issue Roosevelt dimes. Why? This was due to the skyrocketing price of silver, which had been increasing on a yearly basis over the course of the early 1960s. The rising intrinsic value of silver had prompted many enterprising individuals to hoard all silver coins, including Roosevelt dimes, from circulation, thus causing a major nationwide coin shortage. The United States Mint responded by churning out massive numbers of Roosevelt dimes in 1964 – in fact, very close to 2 billion dimes were made that year.
Here’s a glance at the mintages for 1964 Roosevelt dimes:
- 1964 – 929,360,000; $3
- 1964-D – 1,357,517,180; $3
- 1964-D doubled die reverse – mintage unknown; $35
- 1964 proof – 3,950,762; $4
Both the 1964 and 1964-D have slight variations in the appearance of the tail of the “9.” Dimes minted in early 1964 feature a pointed tail, whereas those produced later in the year have a blunted tail. Similar differences in the tail of the “9” can be seen among proof specimens as well. While these variations are considered something of an interesting novelty for the most enthusiastic Roosevelt dime collectors to study and collect, there is currently no significant difference in value between either of the two varieties.
Beginning in 1965, regular-issue Roosevelt dimes would be made from a cupro-nickel clad composition to help reduce the rising cost of producing dimes, which had been made from silver since the denomination’s inception in 1796. To mitigate collecting activities among numismatists, who were wrongfully blamed by the government for the huge coin shortage, dimes minted from 1965 through 1967 contained no mintmarks."
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