The 1962 Roosevelt Dime with no mint mark is worth anywhere from $2 to $3 in circulated condition, but in pristine uncirculated grades it can fetch $10 to $40 or more — and a rare few examples have sold for well over $100 at auction.
If you found a 1962 dime tucked away in an old jar or handed down from a relative’s coin collection, you might be sitting on something more valuable than ten cents. These coins were struck at the Philadelphia Mint — which is why they carry no mint mark — and they’re made of 90% silver. That alone makes them worth more than face value in any condition. Whether you’re a total beginner or just curious about what your coin is worth, this guide breaks it all down in plain language. And if you want a fast, reliable way to identify and value coins on your phone, the best coin identifier app can save you a lot of guesswork.
What Makes the 1962 Roosevelt Dime Special
The 1962 Roosevelt Dime was produced at the Philadelphia Mint, which traditionally did not add a mint mark to its coins during this era. That’s why your coin has no letter stamped on it — it doesn’t mean anything is wrong with it. In fact, Philadelphia was one of the most prolific mints of the era, striking over 72 million of these dimes in 1962.
What truly sets this coin apart is its silver content. Pre-1965 Roosevelt dimes are composed of 90% silver and 10% copper. Even a heavily worn example contains about 0.0723 troy ounces of silver, which means the melt value alone typically keeps the coin worth well above face value. As silver prices fluctuate, so does the base value of your 1962 dime. This is important to understand: even if your coin has seen better days, it’s still worth more than a dime from your pocket change today.
The Roosevelt Dime series began in 1946, honoring President Franklin D. Roosevelt shortly after his death. By 1962, these coins were a familiar part of everyday American life — which is exactly why so many survived in various states of preservation.
1962 Roosevelt Dime Value Chart by Grade
Coin value depends heavily on condition, which collectors measure using a grading scale from Poor (P-1) to Perfect Mint State (MS-70). Here’s a general breakdown of what you can expect for the 1962 Roosevelt Dime with no mint mark:
| Grade | Condition Description | Estimated Value |
|---|---|---|
| Good (G-4) | Heavy wear, design visible | $2.00 – $2.50 |
| Fine (F-12) | Moderate wear, clear lettering | $2.50 – $3.00 |
| Extremely Fine (EF-40) | Light wear on high points | $3.00 – $4.00 |
| MS-63 | Uncirculated, minor marks | $8.00 – $15.00 |
| MS-65 | Gem uncirculated | $20.00 – $40.00 |
| MS-67+ | Superb gem, near perfect | $100.00+ |
For real-time auction results and a more detailed breakdown of 1962 Roosevelt Dime prices across mint state grades, it’s worth checking current market data before you sell or trade.
How to Grade Your 1962 Roosevelt Dime at Home
You don’t need to be a professional numismatist to get a rough idea of your coin’s grade. Start by looking at Roosevelt’s cheek and the torch on the reverse — these are the areas that wear first. If the details are sharp and the coin has a bright, slightly lustrous appearance, it may be uncirculated. If it looks dull and the fine lines in the torch’s flame are mostly gone, it’s likely circulated.
Use good lighting and a magnifying glass if you have one. Avoid touching the coin’s face with your fingers — oils from your skin can damage the surface and reduce value. If the coin looks exceptionally clean with no visible scratches or contact marks, it could grade MS-63 or higher, which puts it in a more desirable category for buyers.
For a second opinion, consider using CoinHix — a powerful app that helps everyday collectors value their coins quickly and accurately. Just snap a photo and let the technology do the work. CoinHix pulls real market data so you’re never guessing blind.
1962 Roosevelt Dime Silver Value and Melt Price
Because the 1962 dime contains 90% silver, its value is always tied to the spot price of silver. On any given day, you can calculate the melt value by multiplying the current silver price per troy ounce by 0.0723 (the silver weight of the coin).
For example, if silver is trading at $28 per ounce, the melt value of your coin is approximately $2.02. This acts as a floor — your coin is almost never worth less than its silver content, regardless of condition. That’s a big deal compared to clad coins minted after 1965, which are worth exactly ten cents in melted metal.
This silver premium is one of the main reasons collectors and everyday people alike hold onto their pre-1965 dimes. For a full picture of what the 1962 dime is worth today including silver and collector value, it helps to look at both the numismatic and melt sides of the equation.
Where to Sell Your 1962 Roosevelt Dime
If you’ve decided to sell, you have several good options. Online platforms like eBay allow you to reach a wide audience of collectors who may pay a premium for higher-grade examples. Local coin shops are convenient and offer instant cash, though you may get slightly less than retail price. Coin shows are another great avenue, especially if you have multiple coins to sell.
Before you sell, know what you have. Download CoinHix and run a quick scan to get a market estimate. Going in informed means you won’t accept less than your coin is worth — and that makes a real difference.
Frequently Asked Questions
Q: Is the 1962 Roosevelt Dime with no mint mark rare?
A: Not particularly. Over 72 million were minted in Philadelphia. However, finding one in uncirculated condition — especially MS-65 or higher — is uncommon, and those examples carry meaningful collector premiums.
Q: How do I know if my 1962 dime is silver?
A: Any Roosevelt Dime dated 1964 or earlier is 90% silver. You can also check the edge of the coin — silver dimes show a solid silver edge, while clad coins (1965 and later) show a copper-colored stripe around the rim.
Q: Should I clean my 1962 Roosevelt Dime before selling it?
A: Absolutely not. Cleaning a coin removes the natural patina and surface luster, which can dramatically lower its grade and value in a collector’s eyes. A cleaned coin is almost always worth less than an original, unaltered example — even if the original looks a little darker.
