Other factors include location, inventory, and urgency of sale. As more specimens have been identified, the value of the 1968 no-S dime has decreased slightly, but its still a highly valuable rare coin generally worth between $15,000 and $25,000. The highest-graded 1967 coin is an MS-68, sold at $400 at auction. Issuing the coin was also a way to celebrate his unrelenting efforts to end polio, a contagious disease that, at the time, had ravished entire communities. coin grading scale. Professional numismatists joined together in the 1970s and established CoinGrading standards. * Values are for coins that are typical representatives of their grade. Only the Philadelphia Mint was responsible for minting the Roosevelt Dime in 1967, hence none were produced in Denver or San Francisco. CA$12.79, CA$21.32 1951S Semi key date. Starting in 1964, the Mint halted the production of silver coins, and from then onwards, coins, including the 1966 dime, were made using copper and nickel. Etsy uses cookies and similar technologies to give you a better experience, enabling things like: Detailed information can be found in Etsys Cookies & Similar Technologies Policy and our Privacy Policy. Also, between 1966 and 1967, the coins did not have mint marks including those made in San Francisco and Denver. If these coins were to be graded, the majority would be lower than grade MS-60 and any dime below this grade is typically not worth more than face value. There are no signs that the U.S. Mint plans to change the value of one dime, which has been part of the U.S. currency for more than 200 years. In high grades (MS67, MS68), Proofs, Uncirculated (MS+) or Mint Condition can be Worth until $8,813. The bottom left of Roosevelts bust bears Sinnocks initials and the date of mintage. At grade MS-60, the 1967 SMS Dime value is $1, while at the highest known grade of MS-68, the 1967 10C is worth $350, according to the America Numismatic Organization. If youve looked for and cannot find a mint mark on a 1967 dime, it is because there is no mint mark to start with! and mint state meaning it is certified MS+ by one of the top coin grading companies. ): The reverse is also known as the tails or backside of a coin. Medals, Treasury and Liberty error. Minted in 1946, just months after the Presidents passing, this coin commemorates his life, service, and dedication to eliminating polio. If you would like a free rare coin appraisal, please contact us and we would be happy to take a look. This change was only for the 2017 issued cents, in honor of the U.S. Mints 225th anniversary. John Sinnock the Mints Chief Engraver. A large portion of the design will be missing as the quarter die has a larger diameter and not all of the image would have transferred. Alvin Goodley | October 20, 2022July 26, 2022 | Coins. WebAlso, between 1966 and 1967, the coins did not have mint marks including those made in San Francisco and Denver. There are no widespread errors that are unique to the 1967 Roosevelt Dime. The coins face value is 12 times more than the melt value. Because the U.S. Mint ceased the use of mintmarks from 1966 to 1967, all 1966 dimes released into circulation fall under the category of no-mint mark, regardless of whether they were produced at the San Francisco or Denver mint. Visit the link to learn more about each coin. Yeah, sharpness is the problem. The other 10% is copper having no significant intrinsic value. Web1967 Dime No Mint Mark - Etsy join a community doing good. The 1966 Special Mint Set included the Roosevelt dime, Lincoln cent, Kennedy half dollar, Jefferson Nickel, and the Washington quarter. Here are a few questions collectors commonly ask. Full Bands (FB) or Full Torch (FT) is the gold standard for the 1989 Dime. The more visible the doubled die error, the more valuable the coin is. Original Price CA$19.87 You will receive a link to create a new password. Sellers looking to grow their business and reach more interested buyers can use Etsys advertising platform to promote their items. Visit the link to learn more about each coin. This means that the only real value that 1967 Dimes have is their collectable value and not its intrinsic metal value. If your 1967 Quarter coin is in circulated condition, the price range is between $1 and $1.25. 1952S Semi key date. AU-55 $0.35. Web1967-P Roosevelt Dime Approximate Current Value: $0.10 Diameter: 17.90 mm Mintage/Proof: 2244007320 / 1863344 Weight: 2.27 grams Metal: Copper I Own 1967 Roosevelt Dime (1946-Present) Add To My Collection View My Collection History, Information, and Value of 1967 Roosevelt Dime Value of 1967-P Roosevelt Dime *** [?]. WebWhy There Are No Mint Marks on Coins Dated 1965, 1966, and 1967? For Sale: 1800 B-13 BB-193 Draped Bust Dollar! 1967 Canadian Dimes feature a Fish in their design. Bags, & Boxes, Code (Click to Enlarge Image) 1967 Quarter Errors listed here. The Sheldon Scale is used by numismatists to provide a numerical value to coins. Related Post: 16 Most Valuable Dime Errors In Circulation. Here are a few common questions collectors ask about the 1967 dime and the Roosevelt dime series. Mint marks were placed on the reverse of coins until 1968 when they moved to the obverse. Sinnock attempted many iterations for the coin, including the San Francisco War Memorial Opera House, the Four Freedoms scrolls, the Liberty goddess, and even a hand holding a torch. MS-65 $9.50. No coins minted in '65, '66 or '67 have mint marks. Dollars, Native Depending on how off the design is, an off-center strike error dime can fetch between $15 and $30. 1913 Liberty Head Nickel has no mint mark and value is $.05; 1870 S Seated Liberty Dollar with mint mark S and the value is $1. Copyright Stacks-Bowers Numismatics, LLC 2016. After the war, when use of the regular alloy resumed, the mint mark returned to its former position and the Mint no longer used Philadelphias P.. The words In God We Trust, and Liberty are inscribed as well as the date, the initials JS, and a mint mark if present. Approved: 2022-11-04 20:04:57. Other 1966 dimes miss the letter Y in the word LIBERTY. Next, well explore the 1966 dime value of the two varieties produced this year. Despite their San Francisco origin, the 1967 SMS dimes do not display a corresponding mintmark. The coin may sell for up to $200 in pristine uncirculated. Web1967 Roosevelt Dimes Clad Composition Mintage: 2,244,007,320 Minted at: Philadelphia (No Mint Mark) Designer - Engraver: John R Sinnock Metal Composition: 91.67% Copper - 8.33% Nickel Diameter: 17.9 mm Mass / Weight: 2.27 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. From www.rooseveltdimes.net: "For the years 1965 to 1967, coins produced at various mints were not identified by mint mark." A severe coin shortage began in 1965, and the price of silver metal shot up, prompting Congress to pass the Coinage Act. The marks position also moved from the right of Monticello to above the dome to indicate the new metal composition. These two are: The 1967 dime is part of the Roosevelt Dime series. Us, ALL Turning off the personalised advertising setting wont stop you from seeing Etsy ads or impact Etsy's own personalisation technologies, but it may make the ads you see less relevant or more repetitive. About $2.98 less than the value of a silver dime, at the time we are writing this. The cladding is the reason I noticed it looked as if the coin was separating. Learn more in our Privacy Policy, Help Centre, and Cookies & Similar Technologies Policy. 1913 Liberty Head Nickel has no mint mark and value is $.05; 1870 S Seated Liberty Dollar with mint mark S and the value is $1. We use user submitted pictures please read that article if you are interested in adding your own. Ideas, Gifts for The other 10% is copper having no significant intrinsic value. to the CCF! While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Production: 2,244,007,000 Roosevelt dimes were minted at the Philadelphia mint in 1967. The value of a 1949S Roosevelt dime ranges from $10 in EF condition to $200 for mint state specimens. As the name suggests, the missing letters error occurs when some letters are not visible on the coins design. The cladding is the reason I noticed it looked as if the coin was separating. If you enjoy our content please return the favor and share this page with your friends. Coins, Tours & Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. 1967 Dime with No Mint Mark Type: Roosevelt Dime Year: 1967 Face Value: $0.10 Composition: 75% Copper and 25% Nickel Total Weight: 2.27g Diameter: 17.91mm Thickness: 1.35mm Edge: 115 Reeds Minted in: Philadelphia Quantity Minted: 2,244,007,320 photo source: www.pcgs.com 2. The rarest and hardest to find Roosevelt Dime's Check out each link to learn more about each coin. The Sheldon Scale goes from poor (P-1) to perfect mint state (P-1) (MS-70). Proof sets do not require special treatment before striking, but multiple strikes are applied on proof coins. A notable error is when the number 5 appears on the presidents cheek. Coins in mint state (MS) 64 and MS65 exist, with a few thousand available. Mint marks were placed on the reverse of coins until 1968 when they moved to the obverse. As more specimens have been identified, the value of the 1968 no-S dime has decreased slightly, but its still a highly valuable rare coin generally worth between $15,000 and $25,000. This error happens when the coin press duplicates an image on the same side of the coin, so the final design looks like it was printed twice, one on top of the other but slightly offset. Listed below are the expected values for a regular strike 1967 dime of varying grades. Rare 1966 errors can be worth a lot of money, so it is definitely a good idea to pay attention to this coin. The obverse of the 1966 dime features the left-facing bust of President Roosevelt. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. It's also important to notePrices are subject to the same supply and demand laws as everything else. Learn more. Silver: This coin is 90% Silver with a silver weight of around 0 troy ounce pure silver. The coin measures 0.7 inches in diameter. The value of a 1949S Roosevelt dime ranges from $10 in EF condition to $200 for mint state specimens. 1978 Washington Quarter Mint Error - Broadstruck, 2000 D South Carolina State Quarter Mint Error - Triple Clipped Planchet. 1967 Special Mint Set Dime Type: Roosevelt Dime Year: Coins, Precious In average circulated conditions, the 1967 no-mintmark dime value is $0.25, while the melt value is $0.02. Because of the large number of Mint Set 1966 dimes, the value of these coins is lower than you might expect of Mint Set coins. This Roosevelt dime was minted in the Philadelphia facility, and traditionally coins minted here do not come with a mint mark. Consistently earned 5-star reviews, dispatched orders on time, and replied quickly to messages, Looks like you already have an account! An uncirculated 1967 Quarter without a mint mark is worth $1 to $3. Are you a big fan of President Roosevelt? ALL COIN PROGRAMS, National Purple Heart Hall of However, there are some common error examples seen across the dimes mintage years. 1949 Semi Key date. 1967 Dime No Mint Mark (1 - 24 of 24 results) Price ($) Shipping Christmas Special 20% off - George Washington 1967 Quarter NO MINT MARK MalikCo $22,100.00 FREE shipping 1967 Roosevelt dimes with errors HenrysCoinShop $955.95 FREE shipping 1944 DIME No Mint mark. CA$238.77, CA$341.10 These pre-date the proofs of modern but are much cleaner strikes than non SP. The tradition of including mintmarks on coins resumed in 1968 and remains intact. Web1967-P Roosevelt Dime Approximate Current Value: $0.10 Diameter: 17.90 mm Mintage/Proof: 2244007320 / 1863344 Weight: 2.27 grams Metal: Copper I Own 1967 Roosevelt Dime (1946-Present) Add To My Collection View My Collection History, Information, and Value of 1967 Roosevelt Dime Value of 1967-P Roosevelt Dime Happy hunting! Unfortunately, coin collectors and dealers had different ideas about what each of these terms represent. Where You Are Most Likely To Find A Valuable 1968 No-S Dime Silver: This coin is 90% Silver with a silver weight of around 0 troy ounce pure silver. (Click to Enlarge Image) 1967 Quarter Errors listed here. The value of a 1949S Roosevelt dime ranges from $10 in EF condition to $200 for mint state specimens. It is important to familiarize yourself with the history and unique features of a 1966 Roosevelt dime. That year, the Philadelphia mint produced 2,244,007,000 dimes for general circulation. Original Price CA$341.10 WebThe 1967 Washington quarter was produced with not mint mark, and has no silver content, it is comprised of nickel and copper. In 1964, a severe coin shortage saw the U.S. Mint take drastic action to meet demand while keeping production costs low. Key Takeaways As always we advise to look for coins in high grades. 1949 Semi Key date. Original Price CA$20.28 The United States Mint hoped that removing mintmarks would deter collectors from hoarding coins with mintmarks, which they believed held a higher value. If you enjoy our content please return the favor and share this page with your friends. Most 1967 Roosevelt dimes you will come across will be damaged or worn. Web1967 Error Dime (IN GOD WE TRUST) no mint, double struck extremely rare $180.00 $5.25 shipping or Best Offer 1967 Double Die Obverse Roosevelt Dime $750.00 $5.05 shipping Make Offer: Lincoln Cent Doubled Dies And RPMS. 1. Proofs typically do not have mintmarks. Values range from slightly above melt up to $25 for coins in mint state condition. We use user submitted pictures please read that article if you are interested in adding your own. In this article, you will learn about the history of minting the 1967 dime, the coins identifying features, value, varieties, and 1967 dime errors worth money. Other rare 1966 dimes are those with errors, such as the doubled die. SMS 1965 dimes (included in the 1965 Special Mint Set) are worth about $1.50 or more. The motto, E PLURIBUS UNUM, is imprinted horizontally across the coin toward the bottom of the torch. Price Chart : Estimated Value Based on Scale. Then, collecting the Roosevelt Dime series could pique your interest. The uneven positioning leads to the coin only being struck partially, so part of the design is missing. AU-55 $0.35. Clothes Dryers are the Coin's natural enemy. The rarest and hardest to find Washington Quarter's Check out each link to learn more about each coin. The high end mintages akin to proofs are called SP. On the coins edge, there is reeding. This error coin is easily distinguishable because of its reddish orange hue. Mint Medals, Shop All Paper The motto IN GOD WE TRUST appears on the left side of the busts truncation, while the coins production year, 1966, appears on the right side just underneath the truncation. More than a billion 1966 dimes were minted, and most were released into circulation, making this coin extremely common. The 1967 Dime with no mint mark was issued at the Philadelphia mint. 1952S Semi key date. Has About The Same Amount Of Problems As I Do Getting Pictures To Work On Here. WebThe 1967 quarter value is worth $2.50-$2.75 for an uncirculated coin and $1.00-$1.25 for a circulated quarter, as of 2018 (average grade). WebThe 1967 quarter value is worth $2.50-$2.75 for an uncirculated coin and $1.00-$1.25 for a circulated quarter, as of 2018 (average grade). Liberty error. The Coinage Act of 1965 eliminated mint marks to discourage collecting while the Mint worked to meet the countrys coinage needs. Other than that, nothing else makes the 1967 dime extraordinarily different. 1927 D St Gaudens Double Eagle with mint mark D and the value:is $20. Values range from slightly above melt up to $25 for coins in mint state condition. Engraved Prints, Shop All Gift According to the PCGS, the most valuable Special Mint Set 1966 dime sold at $12,500 at SP67 in 2021. The 1966 dime, in average condition, is worth only slightly more than its face value. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How much is a dime worth that is copper front silver back? The evaluations ensured that each facility produced coins to the correct specifications. (Click to Enlarge Image) 1967 Quarter Errors listed here. Starting 1964, the U.S. Mint stopped using silver to make coins, instead opting for the more affordable copper. WebAlso, between 1966 and 1967, the coins did not have mint marks including those made in San Francisco and Denver. For the first time in mint history, only one branch produced more than two billion Roosevelt Dime coins. These coins are still in circulation many years after they were first minted, so you might be interested in collecting them. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. The United States Mint hoped that removing mintmarks would deter collectors from hoarding coins with mintmarks, which they believed held a higher value. Thank you for signing up with United States Mint! In the United States, race riots expand to Washington, D.C. Businesswoman Muriel Siebert becomes the first woman to buy a seat on the New York Stock Exchange, and the Big Mac, the iconic hamburger, is created. The following are the most common coin grades: Most 1964 Dimes are sought after by newbie collectors and those who appreciate the nostalgic aspect of the mintage year because of its commonality and lack of intrinsic metal value. Clothes Dryers are the Coin's natural enemy. The Commission Of Fine Art objected to Sinnocks original design for the 10-cent coin, claiming that the Roosevelt bust did not honour the president and his legacy as deserved.   Canada   |   English (UK)   |   $ (CAD), remembering account, browser, and regional preferences, remembering privacy and security settings, personalised search, content, and recommendations, helping sellers understand their audience, showing relevant, targeted ads on and off Etsy. It's also important to notePrices are subject to the same supply and demand laws as everything else. This price does not reference any standard All Rights Reserved. However, there may be coins that are rare due to errors or Mint inconsistencies. COIN & MEDAL PROGRAMS, History of U.S. No mint marks appeared on circulating coins from 1965 to 1967. one in certified mint state (MS+) condition could bring as much as $7 at auction. 1967 Dime No Mint Mark (1 - 24 of 24 results) Price ($) Shipping Christmas Special 20% off - George Washington 1967 Quarter NO MINT MARK MalikCo $22,100.00 FREE shipping 1967 Roosevelt dimes with errors HenrysCoinShop $955.95 FREE shipping 1944 DIME No Mint mark. Most 1967 dimes are below MS-60, meaning that most of these coins are not worth more than their face value. In the mid-1960s, the United States was in the midst of a nationwide coin shortage due to a major shift from striking 90% silver coins to those of a less-valuable clad composition. one in certified mint state (MS+) condition could bring as much as $25 at auction. Because of the coin shortage and the rising prices of silver metal, the Mint did not strike a proof set in 1966. November 5, 2021 3:09PM in Q & A Forum. Send me exclusive offers, unique gift ideas, and personalised tips for shopping and selling on Etsy. The word LIBERTY is inscribed around the coins left edge. In average circulated conditions, the 1967 no-mintmark dime value is $0.25, while the melt value is $0.02. The Coinage Act of 1965 eliminated mint marks to discourage collecting while the Mint worked to meet the countrys coinage needs. The other 10% is copper having no significant intrinsic value. November 5, 2021 3:09PM in Q & A Forum. This yielded a weight of 2.27 grammes and a diameter of 17.9 mm. Instead, the engravers initials are visibly embossed at the bottom left of the bust as JS. Right beside these initials is the year of mintage, 1967.. No mint marks appeared on circulating coins from 1965 to 1967. This error occurs when the planchet is incorrectly fed into the striking hub, causing the resulting coin to miss a small portion along the edge. Youll see ad results based on factors like relevance, and the amount sellers pay per click. ): WebThe 1967 Washington quarter was produced with not mint mark, and has no silver content, it is comprised of nickel and copper. The obverse of the 1967 dime features president Roosevelts right-facing bust. Web1967 Roosevelt Dimes Clad Composition Mintage: 2,244,007,320 Minted at: Philadelphia (No Mint Mark) Designer - Engraver: John R Sinnock Metal Composition: 91.67% Copper - 8.33% Nickel Diameter: 17.9 mm Mass / Weight: 2.27 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. It was designed to commemorate a popular United States president and was issued during a severe coin shortage and when the Mint discontinued the use of mintmarks. * Values are for coins that are typical representatives of their grade. WebYear: 1967 Mint Mark: No mint mark Type: Quarter Dollar Price: 80 cents-$25.00+ Face Value: 0.25 USD Produced: 1,524,031,000 Edge: Reeded Notes: Based on age alone this coin is worth more to a collector than .25 face value. WebLess than a decade later, in 2005, a 1968 no-S dime in a similar grade commanded a whopping $32,200! Value: Can usually be found and sold for somewhere between $0.15-$9.50 price dictated by condition, certification, and current demand. ): 3779 Posts. The West Point Bullion Depository made circulating pennies from 1973 to 1986 and circulating quarters in 1976 to 1979. These coins are composed of copper and a copper-nickel outer layer. Any help is greatly appreciated!! Etsys 100% renewable electricity commitment includes the electricity used by the data centres that host Etsy.com, the Sell on Etsy app, and the Etsy app, as well as the electricity that powers Etsys global offices and employees working remotely from home in the US. The 1966 dime is a clad coin sandwiched between a copper core and an outer copper-nickel alloy. The San Francisco Mint made circulating coins with the S mint mark from 1854 to 1955. Read on to discover the 1966 dime value, its fascinating history, physical design, and high-value errors that increase the coins value. Approved: 2022-11-01 20:04:57, Admin: Nice find David. Having this feature alone will add an additional 15-35% to the value of your coin. The highest-graded 1967 coin is an MS-68, sold at $400 at auction. Also referred to as the 1967 George Washington Quarter, this quarter with no mint mark is considered one of the most popular and sought-after US coins since 1970. The West Point Mint produced 10 million quarters in the. View Etsys Privacy Policy. Click here to see the most valuable coins ever minted. We've personally researched these values. We Need - 1449 C. E. (A. H. 853) -. A Type II planchet (planchet with rim), was struck with a 1967 Quarter Die resulting in a reddish quarter that is missing a small portion of the outer rim. Breakdown of pricing per condition for 1967 Roosevelt Dime as follows. The die strikes the type II planchet off center and leaves a small portion of clear smooth coin behind this is called an off center strike. For the best and most secure experience in our catalog, please update your browser. it only takes a little scrutiny to notice the design on the coin is off or partially missing. This section is more of a layman's guide, for those new to collecting. Currency, Shop All MS-63 $2.30. Look for a coin with a brilliant, mirror-like surface with no marks or damage. Hide This coin has an interesting history in that it is the only dime in the extensive history to be minted at the Philadelphia mint. 2010 - 2023 USA Coin Book. Two dots separate the wording at the top and bottom of the coin. Rather, the 1961 dimes showcase the chief engravers initials, JS, on the obverse. 1966 Dime Value Guides (Rare Errors & No Mint Mark), 16 Most Valuable Dime Errors In Circulation, 1942 Mercury Dime Value Guides (Rare Errors, D, S and P Mint Mark), 1945 Mercury Dime Value (Rare Errors, D, S & No Mint Marks), 1935 Dime Value (Rare Errors, D, S & No Mint Marks), 1951 Dime Value (Rare Errors, D, S & No Mint Marks), 1968 Dime Value (Rare Errors, D, S & No Mint Marks), 1936 Dime Value (Rare Errors, D, S & No Mint Marks), 1980 Half Dollar Value (Rare Errors, D, S & P Mint Marks), 1944 Nickel Value (Rare Errors, D, S & P Mint Marks), 1971 Quarter Value (Rare Errors, D, S & No Mint Marks), 1911 Wheat Penny Value (Rare Errors, D, S & No Mint Marks), 1979 Nickel Value (Rare Errors, D, S & No Mint Marks). On average, in circulated conditions, a 1967 dime will be worth about $0.15. Thanks CoinTrackers.com, David Young: Found one of these today looks to be in mint condition. Key Takeaways As always we advise to look for coins in high grades. Turning off personalised advertising opts you out of these sales. More than 1.3 billion 1966 dimes were produced, and over 2 million special mint sets were made, giving the 1966 Roosevelt one of the highest mintages of its time. Coin striking began on January 19, 1946, and the currency was released into circulation on January 30, coinciding with the presidents birthday and the March of Dimes event. Metal Coins, back to If you are interested in the Roosevelt dimes, its best to pay attention to error coins. Specialist sites like Vcoins sell and buy more valuable Roosevelt dimes, such as error specimens or those of high-quality mintage. The coin weighs 2.27 grams with a diameter of 17.9mm. A lit torch is center, with an olive branch to the left, and an oak branch to the right. Numismatics agree that when it comes to modern coins such as the 1967 10C, coins lower than grade Mint State (MS) 63 are only worth their face value. Lost your password? The coins face value is 12 times more than the melt value. It has a reeded edge and no mintmark. for Dads, American Women's History Coins & The highest-graded 1967 coin is an MS-68, sold at $400 at auction. Silver: This coin is 90% Silver with a silver weight of around 0 troy ounce pure silver. Due to the removal of any silver content, the 1967 Dime only has a melt value of $0.024, meaning that its face value is worth 5 times more than its melt value. We've personally researched these values. Coins, American Web1967 Error Dime (IN GOD WE TRUST) no mint, double struck extremely rare $180.00 $5.25 shipping or Best Offer 1967 Double Die Obverse Roosevelt Dime $750.00 $5.05 shipping From www.rooseveltdimes.net: "For the years 1965 to 1967, coins produced at various mints were not identified by mint mark." If you are new to collecting the prices below may not make much sense. Call or visit your local coin dealer for more information. Sixth Edition! Error message here! Coins were originally evaluated using words to reflect their condition (Good, Fair, Excellent, Etc.). and mint state meaning it is certified MS+ by one of the top coin grading companies. The extremely high mintage lowers the 1966 dime value; too many of these coins are in circulation to make them worth anything more than their face value. The United States Mint hoped that removing mintmarks would deter collectors from hoarding coins with mintmarks, which they believed held a higher value.

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