![]() However, many collectors don’t know where to begin looking for these items.įinding a coin with no mint mark in general circulation shouldn’t take long. Many mint enthusiasts participate in coin collecting hobbies to source high-value finds from the past century. A no mint mark dime can sell for over $400,000 in rare cases. DimesĬoin facilities produced the most valuable no mint mark dimes between the late 1960s and early 1980s. A No S Proof Jefferson nickel can be worth around $1,100 in peak condition. The 1971 No S Proof Jefferson nickel retains the highest value out of any nickel with no mint mark. Some heritage auctions sell these pennies for up to $10,000. However, it still makes an excellent addition to a collection. PenniesĪ Lincoln penny is less valuable than other rare no mint mark currency. Below is a list of what these specialists consider the most valuable coins without mint marks. Numismatists evaluate the rarity of pennies, nickels, and dimes to determine their value. Most Valuable Coins With No Mint MarksĪssessing the value of a coin can be challenging without the right information. Furthermore, coin grading determines the value corresponding to the item’s physical quality. Generally, precious metals made almost entirely from precious metals, such as silver or gold, will be more valuable than clad coins (a coin with multiple layers of a precious metal in it). For example, the San Francisco No S Proof coins mentioned above are more valuable than other counterparts without a mint mark.Ĭoin values also depend heavily on their metal composition. Still, coins minted with an error or those produced in a small volume may be worth significant money. Typically, no mint mark coins are not worth much at face value. However, the Philadelphia mint facility continued to produce coins without a mint mark. West Point Mint started producing coins in 1974 to ease the shortage of quarters, pennies, and nickels that did not have mint marks. In response, authorized facilities began producing coins without a mint mark to encourage people to keep the currency flowing.Įventually, the nation began marking its coins once again. Many coin printing facilities attempted to curb some of the economic setbacks the nation was facing.īetween 19, the United States suffered a national coin shortage. ![]() Purposeful no mint marking occurred regularly in the 20th century. However, it’s not uncommon to see a coin without a mint mark enter circulation for other reasons. In most cases, no mint mark coins represented coins minted in Philadelphia. What Was the Purpose of No Mint Mark Currency? In 1979, the Philadelphia Mint began printing coins with a “P,” notably on the Susan B. D: Denver Mint (which replaced Dahlonega after the facility closed in 1861).Additional branch facilities included mint marks on their coins to distinguish them from others produced at the Philadelphia location.Įight major facilities minted their currencies with the following letter stamps: ![]() Consequently, the first US mint facility began copper coin production in Philadelphia during the first quarter of 1793. In 1792, the United States Congress authorized the Coinage Act. This error caused over 2,000 No S Proof coins to enter circulation. For example, in 1968, the San Francisco Mint released “No S Proof” coins without mint marks. Still, many coins in circulation do not have a mint mark because of a printing error. You can find these marks on the edges of circulating coins in the United States.Ĭonversely, a coin with no mint mark is a piece of currency that does not have a letter identifying its place of production.ĭespite many collectors assuming these products are rare, the Philadelphia Mint purposely produced millions of coins without a mint mark. What Are No Mint Marks?Ī mint mark is a stamped letter on a coin that shows its place of origin. However, during the mid-1960s, the United States briefly stamped coins without mint marks, making them highly sought after by investors.Įxperts from Oxford Gold Group explain everything you should know about these coins. This practice is now an integral part of global currency standards. Greek and Roman artisans began minting coins around the third century with identifiable mint markers.
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