90% Silver Roosevelt Dime · 1948 Edition

Your 1948 Dime Value: From $3 to $8,050

One 1948 Philadelphia Roosevelt dime — graded PCGS MS68 Full Bands — sold for $8,050 at auction in 2009. Most circulated 1948 dimes trade for $3–$6 above their silver melt value. The difference? Mint mark, strike quality, and whether the torch bands are fully separated. This free tool resolves that in under a minute.

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1948 Roosevelt silver dime obverse and reverse showing Roosevelt portrait and torch design
$8,050
Top auction record (MS68 FB · 2009)
163M
Total 1948 dimes minted across 3 mints
90%
Silver content — intrinsic melt value
5
Known error varieties covered below

Value Chart at a Glance

1948 Roosevelt Dime Value by Mint Mark & Condition

Values below are based on current market data and confirmed auction records. For a fully illustrated, step-by-step 1948 dime identification breakdown with grade photos, the complete 1948 Roosevelt dime reference guide with grading walkthrough is a reliable companion to the table. Values assume coins with original surfaces; cleaned examples are worth less.

Variety Worn (G–VG) Circulated (VF–EF) Uncirculated (MS60–63) Gem (MS65+)
1948 Philadelphia (no MM) $3 – $5 $5 – $8 $10 – $15 $30 – $50+
1948-D Denver $3 – $5 $5 – $9 $12 – $18 $30 – $85+
1948-S San Francisco $4 – $6 $6 – $10 $12 – $20 $30 – $100+
Any Mint · Full Bands (FB) N/A N/A $25 – $60 $150 – $500+
1948-S/S RPM FS-501 ★ $15 – $35 $35 – $75 $100 – $229 $229 – $377+

★ Signature variety. Gold highlight = most collectible variety. Red highlight = scarcest regular variety. FB = Full Bands designation (PCGS). Values are ranges; certified coins at top grades may exceed these figures.

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Complete Error & Variety Guide

The Valuable 1948 Dime Errors

Post-war production pressures at all three U.S. Mint facilities in 1948 created several collectible varieties that survive today. The five types below range from a catalogued repunched mint mark with an established auction record to dramatic mechanical misfires that escaped quality control. Each card covers the diagnostic details you need to identify genuine examples.

1948-S dime S over S repunched mint mark FS-501 showing secondary S impression under magnification

1948-S/S Repunched Mint Mark (RPM FS-501)

Most Famous $15 – $377+

The S/S RPM is the most collectible variety of the entire 1948 Roosevelt dime series. San Francisco Mint employees manually punched the "S" mint mark onto each working die during production. When the punch struck twice without perfect alignment, a secondary "S" impression was left on the die — and transferred to every coin struck from that die.

The diagnostic feature is a visible secondary "S" displaced to the southeast of the primary mint mark. Under 5–10× magnification, this ghost impression appears as a distinct outline or shadow below and to the right of the final "S." Some examples show the secondary letter's curves clearly extending beyond the primary mark's edges.

This variety is catalogued as FS-501 in the Fivaz-Stanton (Cherrypickers') guide, CONECA RPM-001, and Variety Vista RPM-001 — all three major attribution systems agree on this die variety. Certified examples at MS-65 have sold for $229–$377, making it a meaningful premium over standard 1948-S values at the same grade.

How to Spot It

Tilt the coin under a single point-light source at 5–10× magnification and examine the "S" mint mark on the reverse near the torch base. Look for a curved secondary impression extending to the southeast — distinct raised curves, not flat smearing or machine doubling.

Mint Mark

S (San Francisco) only. No equivalent confirmed variety exists for the P or D issues in 1948.

Notable

Catalogued as FS-501 (Fivaz-Stanton), CONECA RPM-001, and Variety Vista RPM-001. PCGS auction record of $377. Certified MS-65 retail examples have listed at $229 on dealer networks. Uncertified MS examples trade near $25.

1948 dime doubled die reverse FS-801 showing doubling on UNITED STATES OF AMERICA inscription

1948 Doubled Die Reverse (DDR FS-801)

Most Valuable Error $25 – $200+

A Doubled Die Reverse (DDR) occurs when the working die receives multiple, misaligned hub impressions during die manufacture. In 1948, the die-making process still relied on heated blank dies pressed against a master hub two or more times — if the die shifted between impressions, every coin struck from it would show two distinct, equally raised impressions of the reverse design.

On authentic 1948 DDR examples catalogued as FS-801, doubling is most pronounced on the inscription "UNITED STATES OF AMERICA" and "ONE DIME," with lighter but detectable doubling visible on the torch flame tips. Genuine hub doubling shows both the primary and secondary images as equally raised elements — unlike mechanical doubling, where the secondary image is flat and shelf-like.

Because hub doubling affects every coin struck from the afflicted die, a finite population of 1948 DDR dimes circulated into commerce. Collectors prize these as a permanent record of the manual die-making era. Values depend sharply on how bold and unmistakable the doubling appears under a 10× loupe.

How to Spot It

Examine "UNITED STATES OF AMERICA" and "ONE DIME" on the reverse with a 10× loupe. Both primary and secondary letters must appear raised and rounded — flat, smeared "shelving" is mechanical doubling, which adds little premium.

Mint Mark

Known on Philadelphia (no MM) issues; examples from D and S mints are not widely attributed in the major reference guides.

Notable

Catalogued as FS-801 in the Fivaz-Stanton Cherrypickers' Guide. Coins showing bold doubling visible to the naked eye command the highest premiums; subtle examples sell for modest amounts above standard prices.

1948 dime clipped planchet error showing curved missing section at the coin's edge

1948 Clipped Planchet Error

Best Kept Secret $20 – $150+

Clipped planchet errors result from misfeeds in the blanking press during planchet production. When a metal strip advances incorrectly through the blanking machine, the circular punch overlaps a previously cut hole — producing an incomplete planchet with a curved, crescent-shaped section missing from its edge.

Most 1948 clipped planchet dimes show a curved (elliptical) clip, which occurs when the overlap is with a round previously punched hole. Straight clips are less common and result from the punch striking the very end of a metal strip. A key diagnostic is the Blakesley effect: the design opposite the clip site shows weakness or a flat, underfilled area because the missing metal reduces striking pressure there.

Post-war production pressure in 1948 meant speed was prioritized over thorough quality control — some misstrikes escaped detection and were released into circulation. Collector value depends on the size and position of the clip. Larger clips that affect significant design elements are the most desirable and command the highest premiums.

How to Spot It

Look for a curved straight missing section along the coin's rim. Confirm with the Blakesley effect: the design 180° opposite the clip should show visible weakness or flatness in the lettering or rim with a 10× loupe.

Mint Mark

All three mints — P, D, and S. Blanking errors occurred at the planchet supplier before distribution to individual mint facilities.

Notable

PCGS and NGC both certify genuine clipped planchets. Values range from $20 for small, minor clips to over $150 for large, dramatic curved clips. Always seek third-party certification to rule out post-mint damage.

1948 dime off-center strike error showing design shifted from center with blank crescent area visible

1948 Off-Center Strike Error

Rarest $30 – $250+

An off-center strike occurs when a planchet is not properly centered between the dies at the moment of striking. Part of the planchet extends beyond the collar, causing the design to be stamped onto only a portion of the coin — leaving a blank, unstruck crescent on the opposite side. This is a dramatic, visually unmistakable error type.

On 1948 off-center dimes, Roosevelt's portrait and the reverse torch elements appear shifted noticeably from the center. The percentage of off-center displacement — typically expressed as "10% off-center," "25% off-center," and so on — directly determines value. Examples where the date "1948" is still fully visible are the most desirable to collectors, as they confirm the coin's year unambiguously.

Significant off-center strikes from the silver Roosevelt era are genuinely rare survivors. Most heavily mis-struck coins were caught during quality inspection; those that escaped are one-of-a-kind pieces. Premium increases sharply with the severity of the offset, making 40%+ off-center examples with a visible date among the most sought-after Roosevelt dime errors.

How to Spot It

The design is clearly shifted off center, with a blank unstruck crescent visible on one side of the coin. Measure the percentage offset — more than 10% off-center is generally needed to attract significant collector interest.

Mint Mark

P, D, and S issues — any mint can produce off-center strikes. The mint mark location on the reverse may be partially missing on heavily offset examples.

Notable

Collector value is highest when the date "1948" remains fully visible despite the offset. Severely off-center examples (40%+) with a visible date and strong surfaces command $200–$250 or more. PCGS and NGC certification adds confidence.

1948 dime die cud error showing raised blob of metal at the rim caused by a broken die fragment

1948 Die Cud / Major Die Break

Key Detail $15 – $120+

Die cracks and die breaks are among the most common surface-level die defects on 1948 Roosevelt dimes. Standard die cracks appear as thin raised lines crossing the coin's fields or design — these are generally not collectible and add little premium. However, when a piece of a die actually fractures and falls away, the remaining void fills with metal during the next strike, creating a raised, featureless blob called a "cud."

A major cud on a 1948 dime appears as a raised, irregular lump of metal at or near the coin's rim, where normal design elements have been replaced by the unstruck, flat-topped blob. The cud area has no incuse design because the missing die fragment left no impression to transfer. Its position on the coin — obverse or reverse, and which design element was obliterated — determines desirability.

Die cuds are legitimate mint errors certified by PCGS and NGC. Collector interest centers on dramatic examples where a recognizable design element — a portion of Roosevelt's portrait, a date digit, or a section of the inscription — has been replaced by the cud. Larger cuds covering more surface area command higher premiums than minor rim examples.

How to Spot It

Look for a raised, featureless lump at or near the coin's rim under a 5–10× loupe. Unlike a bump from post-mint damage, a genuine cud is flat on top, raised uniformly, and corresponds to a location where design details should exist but do not.

Mint Mark

P, D, and S issues. Die cuds can occur at any mint facility and on any working die that experienced structural fracture under repeated striking pressure.

Notable

Minor rim cuds on common dates trade for $15–$30. Large, dramatic cuds covering significant design area reach $100–$120 or more. Always have major cuds certified by PCGS or NGC to distinguish from post-mint damage or alterations.

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Mintage & Survival Data

1948 Roosevelt Dime Mintage at Each Facility

Group of 1948 Roosevelt dimes from Philadelphia, Denver, and San Francisco mints showing all three mint mark varieties

The 1948 Roosevelt dime issue came from three mint facilities, with total production exceeding 163 million coins — making 1948 one of the lower annual mintages in the silver Roosevelt dime era (1946–1964). That relative scarcity at the series level adds some collector interest to the date as a whole. Approximately one in ten original 1948 dimes is estimated to survive today in some form.

Mint Mint Mark Mintage Est. Survivors Strike Quality Notes
Philadelphia None (blank) 74,950,000 ~7,495,000 Highest mintage; notoriously inconsistent strike — Full Bands examples are scarce and command the highest absolute auction prices of the three.
Denver D 52,841,000 ~5,284,100 Most consistently well-struck variety; superior detail on Roosevelt's portrait and the torch. Best option for Full Bands hunting without steep premiums.
San Francisco S 35,520,000 ~3,552,000 Lowest mintage; distinctive frosty bright luster. Peripheral design near the rim can show weakness from die erosion. Home of the S/S RPM FS-501 variety.
Total (All Mints) 163,311,000 ~16,331,100 Combined; represents one of the lower totals of the silver Roosevelt era.
Composition & Specifications: 90% silver, 10% copper · Weight: 2.50 g · Diameter: 17.90 mm · Edge: Reeded · Designer: John R. Sinnock (initials "JS" on obverse neckline) · ASW: 0.0723 troy oz silver per coin. No proof coins were produced for 1948 — the U.S. Mint had suspended proof coin production from 1943 through 1949 due to wartime and post-war cost-cutting.

Grading Guide

How to Grade Your 1948 Roosevelt Dime

1948 Roosevelt dime grading strip showing four condition tiers from worn Good through gem Mint State MS65

Condition is the single biggest variable in 1948 dime values above silver melt. The key wear points on the obverse are Roosevelt's cheekbone, the hair above his ear, and the detail of his neck and shoulder. On the reverse, check the torch's central flame and — most critically for value — the horizontal bands crossing the torch midpoint.

Worn (G–VG)

Heavy circulation wear. Roosevelt's portrait is flat with little facial detail remaining. Hair lines above the ear merge into a smooth surface. Reverse torch central flame is flat. Bands may be fully merged. Value: near silver melt ($3–$6).

Circulated (F–EF)

Moderate to light wear visible on high points. Roosevelt's cheekbone and jaw show wear. Hair above the ear partially detailed. Reverse flame tips defined but torch bands show wear. Fine: $5–$8. EF (About Uncirculated): $8–$10.

Uncirculated (MS60–64)

No wear — original mint luster present on both surfaces. Check for contact marks (bag marks) in open fields. Some luster breaks or carbon spots may lower the grade. Values $10–$25 depending on eye appeal and mint mark.

Gem MS65+

Sharp strike, strong luster, minimal contact marks, excellent eye appeal. The Full Bands designation (separate, unbroken horizontal bands on the torch) adds major premium at this tier. MS65 non-FB: $30–$50. MS65 FB: $150+.

🔍 Pro Tip — Full Bands & "Full Torch" (FT): PCGS awards the "Full Bands" (FB) designation when both upper and lower horizontal band pairs on the reverse torch are fully separated with no merging. NGC uses the stricter "Full Torch" (FT) designation which additionally requires separation of the torch's vertical lines. At MS65 and above, the difference between FB and non-FB can double or triple the coin's market value — always check the torch bands with a 10× loupe before selling.

🔎 CoinHix can match your coin photo to graded reference images, helping you confirm which condition tier fits — a coin identifier and value app.

Signature Variety Self-Checker

Do You Have the 1948-S/S Repunched Mint Mark (FS-501)?

The S/S RPM FS-501 is the most widely collected 1948 dime variety. Compare your coin to the descriptions below, then use the checklist to assess whether yours is a match.

Side by side comparison of normal 1948-S dime mint mark vs 1948-S/S RPM FS-501 variety showing secondary S impression to the southeast under magnification

🔵 Normal 1948-S Dime

  • Single clean "S" near torch base
  • No shadow or ghost image around letter
  • Uniform letter contour under magnification
  • Standard value: $4–$100+ depending on grade

🟠 1948-S/S RPM FS-501

  • Secondary "S" visible to the southeast
  • Ghost curves extend beyond primary letter
  • Both impressions are raised and distinct
  • Premium value: $15–$377+ (grade dependent)

Check each diagnostic that applies to your coin:

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Free Value Calculator

Free 1948 Dime Value Calculator

Select your coin's mint mark, condition, and any errors — then hit Calculate for an instant value estimate.

Step 1 — Select Mint Mark
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Step 3 — Any Known Errors? (Check All That Apply)

If you're not yet sure about your coin's mint mark, condition, or errors, there's a 1948 Dime Coin Value Checker with photo upload that lets you upload photos for an AI-powered identification before using the calculator above.

Detailed Assessment

Describe Your Coin for a Detailed Assessment

Tell us what you see on your coin in plain language and our analyzer will identify likely varieties, suggest a grade range, and flag potential errors.

Mention These Things If You Can

  • Mint mark (D, S, or no mark)
  • Overall appearance (worn, shiny, dull)
  • Torch band lines — separated or merged
  • Any doubling on lettering or torch
  • Missing section or curved chip at edge

Also Helpful

  • Ghost "S" or shadow near mint mark
  • Design shifted off to one side
  • Raised blob at the rim (cud)
  • Color (silvery, toned, grey)
  • Whether it's in a PCGS/NGC holder

Where to Sell

Where to Sell Your Valuable 1948 Roosevelt Dime

🏛️ Heritage Auctions

The premier venue for high-grade and error 1948 dimes. Heritage has handled the top auction records for this series, including the $8,050 Philadelphia MS68 FB and the $4,465 San Francisco MS68 FB. Best for certified MS65+ examples and confirmed error varieties where competitive bidding maximizes value. Submit through their coin consignment portal well in advance of your target sale.

📦 eBay

The largest secondary market for 1948 Roosevelt dimes at all grades. For raw circulated examples near silver melt value, eBay's wide buyer pool means fast liquidity. For certified examples, review the current sold prices and completed listings for 1948 Roosevelt dimes before setting your opening price. Proper photos of the obverse, reverse, and edge add credibility and maximize bids.

🏪 Local Coin Shop (LCS)

A good option for circulated silver examples when speed matters more than maximum return. Most dealers pay 60–80% of retail for common-date silver Roosevelt dimes. Bring cleaned or circulated coins here for quick settlement. For uncirculated or error examples, get an offer from a dealer but also check auction estimates — walk-in offers on high-grade coins are often significantly below market.

💬 r/Coins & r/CoinSales (Reddit)

Active numismatic communities where collectors buy directly from other collectors. This eliminates dealer markup — you may achieve near-retail prices for mid-grade examples ($15–$50). Post sharp photos of both sides, state your asking price, and mention any error attribution. Best for coins in the $10–$100 range that don't justify Heritage's consignment process.

💡 Get It Graded First: For any 1948 dime you believe is MS65 or better, or that shows a possible error variety, submit to PCGS or NGC before selling. A $25–$35 grading fee can unlock hundreds of dollars in additional market value on a genuine high-grade or error specimen. Third-party certification also protects buyers and makes your coin more liquid in any venue.

Frequently Asked Questions

1948 Dime FAQ

How much is a 1948 dime worth?
A worn 1948 dime in circulated condition typically sells for $3–$6, reflecting its 90% silver melt value. Uncirculated examples range from $10 to $50 depending on grade and mint mark. The most valuable 1948 dimes are high-grade specimens with the Full Bands designation — the all-time auction record is $8,050 for a Philadelphia MS68 Full Bands example sold in 2009.
What does 'Full Bands' mean on a 1948 Roosevelt dime?
Full Bands (FB) is a special designation awarded by PCGS for Roosevelt dimes that show complete, unbroken separation of both the upper and lower horizontal bands on the reverse torch. Coins without Full Bands have partially merged or indistinct band lines, usually caused by a weak strike or die wear. Full Bands coins are significantly rarer and command substantial premiums over non-FB examples at the same numerical grade.
Which 1948 mint mark is the most valuable?
The 1948-S (San Francisco) is the scarcest of the three mint varieties, with 35,520,000 produced — less than half the Philadelphia total. In uncirculated grades it typically commands the highest premiums, with top examples at MS68 FB reaching $4,465 at Heritage Auctions. The 1948-D (Denver) is considered the best-struck variety, making it the most collectible for Full Bands quality hunters.
What is the 1948-S/S Repunched Mint Mark?
The 1948-S/S RPM (FS-501, CONECA RPM-001) is the most collectible variety of the year. San Francisco Mint workers manually punched the 'S' mint mark onto each working die; when the punch struck twice without perfect alignment, a secondary 'S' impression was left visible to the southeast of the primary mark. Under 5–10× magnification the doubling is distinct. Certified MS-65 examples have sold for around $229–$377 at auction.
Is a 1948 dime made of silver?
Yes. All 1948 Roosevelt dimes are composed of 90% silver and 10% copper, with a weight of 2.50 grams. The coin contains 0.0723 troy ounces of pure silver. At any silver spot price above face value, a 1948 dime is worth more than ten cents — even heavily worn examples have intrinsic precious metal value well above their face denomination.
What errors exist on 1948 dimes?
The main 1948 dime errors include: (1) 1948-S/S Repunched Mint Mark FS-501 — a doubled 'S' visible under magnification; (2) Doubled Die Reverse FS-801 — doubling on 'UNITED STATES OF AMERICA' and 'ONE DIME'; (3) Clipped Planchet — a curved missing section from a misfeed at blanking; (4) Off-Center Strike — design shifted from center; and (5) Die Cud / Major Die Break — a raised featureless blob at the rim. Values range from $10 to over $500 depending on error type and grade.
How do I find the mint mark on a 1948 dime?
On 1948 Roosevelt dimes, the mint mark is located on the reverse (back) of the coin, just to the left of the torch base. Denver coins show a 'D,' San Francisco coins show an 'S,' and Philadelphia coins have no mint mark at all — the area to the left of the torch base is simply blank. Use a 5–10× loupe in good light to read the mark clearly.
How many 1948 dimes were made?
Total 1948 Roosevelt dime production across all three mints was approximately 163 million coins. The breakdown by facility: Philadelphia (no mint mark) struck 74,950,000; Denver (D) produced 52,841,000; and San Francisco (S) minted 35,520,000 — the scarcest of the three. This combined total represents one of the lower annual mintages in the silver Roosevelt dime era (1946–1964).
What is a 1948 dime worth in MS65?
A 1948 Roosevelt dime graded MS65 by PCGS or NGC typically sells for $30–$50 depending on mint mark. The 1948-S commands a slight premium over Philadelphia and Denver at this grade due to lower original mintage. Examples with the Full Bands designation at MS65 are considerably rarer and fetch meaningfully higher prices. Strike quality and surface preservation both factor significantly into value at this grade tier.
Should I clean my 1948 dime before selling it?
No — never clean a 1948 dime or any collectible coin before selling. Cleaning removes original mint luster, leaving hairline scratches visible under magnification that permanently lower the coin's grade and value. A properly graded uncirculated 1948 dime with original surfaces is worth far more than a cleaned example of the same grade. If your coin might be valuable, submit it to PCGS or NGC for professional grading before selling.

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