Finding a 1959 Roosevelt dime in a parking meter
Finding an old coin like a 1959 Roosevelt dime in a parking meter links a small object to decades of history. The discovery can be surprising, and the coin can have value beyond its face amount.
What a 1959 Roosevelt dime is
The Roosevelt dime design began in 1946 and dimes minted through 1964 were 90% silver. A 1959 Roosevelt dime is therefore composed mostly of silver, which gives it intrinsic metal value as well as collector interest.
Why a 1959 Roosevelt dime matters
Beyond metal value, a 1959 dime can be interesting to collectors if it has a rare mint mark or an exceptional condition. Even without rarity, the historical context and silver content make it worth checking.
How to handle a 1959 Roosevelt dime you find
Handle any found coin carefully. Improper cleaning or handling can reduce collector value. Follow these practical steps if you find a 1959 dime in a meter, drawer, or on the street.
- Do not clean the coin with chemicals or abrasives.
- Handle by the edges to avoid fingerprints and oils.
- Place the coin in a small paper envelope or plastic sleeve designed for coins.
- Note the exact location and any context where it was found for record keeping.
Legal and ethical steps after finding a coin
Local laws vary on found property. Many municipalities require turning in found money to a lost and found or the appropriate authority. If the coin was found in city property, follow local reporting rules.
If you are keeping the coin, document where and when you found it. This helps with transparency and can matter if the coin is later reported or identified.
How to check the coin’s value
Value depends on silver content, condition, and collector demand. For a 1959 Roosevelt dime, silver melt value sets a minimum baseline because the coin is 90% silver.
Quick checks you can do at home
- Read the date and look for a mint mark (small letter near the torch). Dimes from 1959 with a mint mark are common but still silver.
- Look for obvious damage, deep scratches, or heavy wear—these reduce collector value.
- Compare to recent silver spot prices to estimate metal value. Multiply the silver weight (approx. 0.07234 troy ounces for a 90% silver dime) by the spot price.
When to consult an expert
If the coin looks particularly clean, sharp, or has an unusual mark, consult a reputable coin dealer or numismatist. They can grade the coin and advise on market value. Avoid online quick-sell offers until you have an expert opinion.
The Roosevelt dime design has been used since 1946, and dimes minted through 1964 are 90% silver. A melted 90% silver dime contains about 0.07234 troy ounces of silver.
Preservation and storage tips for a 1959 Roosevelt dime
Proper storage preserves both metal value and collector appeal. Use acid-free coin envelopes or inert plastic holders. Keep coins in a stable, low-humidity environment.
- Store dimes in labeled coin flips or capsules.
- Avoid PVC-containing plastics that can damage coins over time.
- Record provenance: date found, place, and any handling notes.
Practical example: what to do next
If you find a 1959 dime in a public meter and local rules require surrendering found money, turn it in and ask for documentation. If allowed to keep it, store it properly and get an appraisal if you suspect collector value.
Small case study: a dime returned decades of history
In a typical municipal example, a meter technician collecting payments in the late 1990s found a 1959 Roosevelt dime among coins. The technician turned the coin in to the city’s lost property office with a short note about where it was found.
The city had a policy of holding found money for a period before auction or deposit. A local coin dealer examined the dime and confirmed it was 90% silver. The city recorded the find and later sold unclaimed items at auction, where the silver value helped fund community services.
This example shows how a simple coin can have administrative, historical, and monetary roles when properly documented.
Common questions about found coins
People often ask whether a 1959 dime is worth more than ten cents. The short answer: usually yes, because of silver content. But final value depends on condition and market demand.
- Q: Should I clean the coin to make it look better? A: No. Cleaning often reduces value.
- Q: How do I find a reputable dealer? A: Look for established local coin shops, check references, or contact a numismatic association.
- Q: Can I sell the coin online? A: Yes, but get an appraisal first and use secure payment methods.
Final checklist after finding a 1959 Roosevelt dime
- Handle by the edge and avoid cleaning.
- Record where and when you found it.
- Check local rules for found property.
- Store in a proper holder and consider appraisal for collector value.
Finding a 1959 Roosevelt dime in a parking meter is a small moment of connection to history. With careful handling, documentation, and the right expert advice, that dime can tell a story and hold real value.
