90% Silver Roosevelt Dime · 1948 Edition
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.
Value Chart at a Glance
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.
📱 CoinHix lets you photograph your 1948 dime and get an instant value estimate right from your phone — a coin identifier and value app.
Navigate This Guide
Jump directly to the section you need:
Complete Error & Variety Guide
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.
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.
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.
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.
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.
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.
Run it through the calculator to get an estimated value range — just select your mint mark, condition, and the error type you spotted above.
Use the Value Calculator →Mintage & Survival Data
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. |
Grading Guide
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.
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).
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.
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.
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+.
🔎 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
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.
Check each diagnostic that applies to your coin:
The self-checker tells you whether you have the RPM variety — the calculator tells you the value. Select your mint mark, grade, and any errors to get a full estimate.
Calculate My Dime's Value →Free Value Calculator
Select your coin's mint mark, condition, and any errors — then hit Calculate for an instant value estimate.
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
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.
Where to Sell
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.
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.
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.
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.
Frequently Asked Questions
Use the free calculator — it takes under 60 seconds and covers all three mint marks, every condition tier, and all five known error varieties.
Get My Coin's Value →