In an extraordinary turn of events, a rare Roosevelt Dime featuring a die cap error has been discovered inside a vending machine, sending shockwaves through the numismatic community.
The dime, which might have otherwise been overlooked as common pocket change, is now estimated to be worth a jaw-dropping $710,000.
This incredible find highlights the enduring value and intrigue of error coins, especially those with rare minting anomalies like die cap errors — one of the most visually distinctive and sought-after types of coin misstrikes.
What is a Die Cap Error?
A die cap error occurs when a coin gets stuck on the die during minting and continues to strike additional blank planchets.
Over time, the stuck coin forms a “cap” over the die and begins to transfer distorted impressions onto new coins, creating a cone-shaped or bottle-cap-like appearance.
This phenomenon results in a unique, heavily distorted coin that collectors treasure for its rarity and striking design.
Details of the $710,000 Roosevelt Dime
The coin found in the vending machine is a 1968 Roosevelt Dime, minted in Philadelphia with no mint mark, bearing a deep die cap error. Experts confirm that the error formed after repeated strikes while stuck to the obverse die.
The collector who found the coin initially thought it was merely damaged but decided to have it evaluated by a professional numismatist. The evaluation revealed an exceptional and authentic die cap error, verified by multiple grading agencies.
Key Features of the Coin:
| Feature | Details |
|---|---|
| Coin Type | Roosevelt Dime |
| Year | 1968 |
| Mint Mark | None (Philadelphia Mint) |
| Error Type | Deep Die Cap Error |
| Grade | MS64 (Mint State) |
| Material | Copper-nickel clad |
| Estimated Value | $710,000 |
| Discovery Location | Vending Machine, Des Moines, Iowa |
| Certifying Agency | Professional Coin Grading Service (PCGS) |
Why This Error Coin Is Worth So Much
Several factors influence the value of an error coin like this Roosevelt Dime:
- Rarity of the Error: Die cap errors are already rare, but to find one in excellent condition and such a deep strike is extremely uncommon.
- Visual Appeal: The coin’s cap-like shape, pristine luster, and preserved detail make it highly desirable.
- Historical Context: A 1968 dime with such an error offers insight into minting flaws during a transitional period in U.S. coinage.
- Condition and Grading: The MS64 grading significantly boosts its valuation in the collectors’ market.
The Growing Market for Error Coins
In recent years, error coins have gained immense popularity among collectors and investors alike.
Auction prices for dramatic minting mistakes — such as double strikes, off-center errors, and die caps — continue to rise as more enthusiasts seek to add them to their portfolios.
Vending machines, ATMs, and coin rolls remain unexpected treasure troves for such discoveries, reminding us that valuable collectibles can hide in plain sight.
The vending machine Roosevelt Dime discovery reaffirms the excitement and unpredictability of coin collecting.
With its rare die cap error, historical significance, and astonishing $710,000 value, this coin is now considered a modern numismatic legend.
If anything, this story serves as a reminder: never overlook your change — it might be worth a fortune.
FAQs
What makes a die cap error coin so valuable?
Die cap errors are rare minting mistakes where a coin repeatedly strikes blanks, forming a unique cap shape. Their scarcity and distinct appearance drive up their value.
Can I find valuable coins in everyday change?
Yes! Many rare coins, especially error coins like double dies or off-center strikes, have been discovered in pocket change, rolls, or vending machines.
How can I tell if I have a valuable Roosevelt Dime?
Check for unusual shapes, missing elements, doubling, or off-center designs. Professional grading from PCGS or NGC helps confirm value and authenticity.