Last Updated on May 27, 2022
The 1901 dime is one of the most special and appreciated dimes. Also known as the Barber dimes, the coins have both numismatic and melt value. However, there is a lot more to know about these dimes.
Available in three variants, all the 1901 dimes have a different value. Therefore, keep reading to know all you need about the 1901 dime.
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How Much Is A 1901 Dime Worth?
The 1901 Barber dimes were produced in Philadelphia, New Orleans, and San Francisco. The dimes with no mintmark are produced in Philadelphia, New Orleans dimes have an O mintmark, and San Francisco dimes have an S mintmark.
The 1901 dimes produced in Philadelphia are worth around $7 in just good condition. In very fine condition, the dime holds a value of $15. In addition, the 1901 dime is worth around $30. However, in circulated conditions with an MS-60 grade, a 1901 dime is worth around $130 and $200 with an MS-65 grade.
The 1901 dime of New Orleans has a value of $9 only in good condition. But it has an estimated value of $40 and $80 in extremely fine condition in the very fine condition. On the other hand, the MS-60 uncirculated condition 1901 dime is worth about $700 and $1,100 with the MS-65 grade.
The 1901 dime of San Francisco holds the highest value out of the variants. Just in good condition, the dime is worth about $100 and $600 in extremely fine condition. In addition, the dime with an MS-60 grade in the uncirculated condition is worth about $1,300 and $2,100 with an MS-65 grade.
How Much Is A 1901 Dime Proof Coin Worth?
The proof coins don’t have any mintmark on them, and only 813 were ever produced of 1901 dime. But due to being owned by collectors, it only holds a value of $500.
Where Is The Mintmark On A 1901 Dime?
The mintmark is an official stamp of the mint in which the coin was produced. Not only that, but the mintmark also works to represent the coin’s originality. However, the coins produced in the Philadelphia mint have no mintmark present on them. Therefore, if you are looking for a mintmark on the 1901 dime, look on the reverse side of the coin.
Why Is 1901 S Dime So Valuable?
Compared to other variants of the 1901 Dime, the ones produced in San Francisco have a very high value. Even the good condition coins are sold for around $100.
Many people are confused about why it has a high value. The S dime is so valuable as it is very rare. It is rare as only around 593,022 of 1901 S dimes were produced and issued.
Due to the low production units, the dime is difficult to find in uncirculated goods. The better the condition, the higher value it holds.
What Is The Metal Composition of 1901 Dime?
The metal compositions of a coin represent the amount of metal it contains. For the 1901 dime, the metal composition is 90% silver and 10% copper.
That is why the 1901 dime also has a melt value due to the 90% of silver it contains. Many people melt the coins and extract the silver to sell it for a higher price.
How Many Were 1901 Dimes Produced?
The 1901 dimes were produced in three different mints across the US. However, all these mints produced a different number of dimes.
The Philadelphia mint produced about 18,859,665 coins of the 1901 dime. On the other hand, 5,620,000 1901 dimes were produced in the New Orleans mint. And only around 593,22 1901 dimes in San Francisco, which is why they hold the highest value out of them all.
So the total 1901 dimes ever produced were 25,072,687. Most of the coins were circulated in the country, and some of them can be found in uncirculated conditions.
What Is The Melt Value Of the 1901 Silver Dollar?
The coins with high silver content can also be sold on their melt value. For example, the 1901 dime has a silver weight of 0.7234 ounces, and the current spot price per ounce is $21.75.
So a 1901 dime will have a melt value of $1.57.
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