2004 Dime Value: Price Guide for Roosevelt Dimes

2004 Roosevelt Dime Overview

The 2004 Roosevelt Dime features FDR's portrait on the obverse and a torch flanked by olive and oak branches on the reverse.

The 2004 Roosevelt Dime represents a modern mass-production issue with four distinct variants: business strikes from Philadelphia (1.33 billion) and Denver (1.16 billion), plus collector-only proof strikes from San Francisco in both standard clad (1.79 million) and 90% silver (1.18 million) compositions. For the overwhelming majority of 2004-P and 2004-D dimes encountered in circulation, the value remains exactly ten cents—these astronomical mintage figures ensure common availability across all circulated grades. Collector value emerges exclusively in two narrow categories: superb-quality mint state specimens (MS-67 or higher) exhibiting the coveted Full Bands strike designation, and the 2004-D FS-101 "Doubled Ear" variety, which commands premiums ranging from $50 in circulated grades to $275+ in choice mint state. This guide provides comprehensive market data for all 2004 dime issues, varieties, and notable mint errors.

How to Identify Your 2004 Roosevelt Dime

The mint mark (P, D, or S) appears on the obverse above the date, to the right of Roosevelt's portrait.

Design Elements

All 2004 Roosevelt Dimes share the same fundamental design created by John R. Sinnock. The obverse presents a left-facing portrait of President Franklin D. Roosevelt with the inscriptions "LIBERTY" and "IN GOD WE TRUST" positioned above and below the portrait respectively. The date "2004" appears at the bottom, and the designer's initials "JS" are located at the truncation of Roosevelt's neck. The reverse features a central, upright torch symbolizing liberty, flanked by an olive branch on the left (representing peace) and an oak branch on the right (representing strength). The inscriptions read "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "ONE DIME."

Mint Mark Identification

The mint mark location is consistent across all 2004 dime issues: it appears on the obverse, positioned above the date and to the right of Roosevelt's portrait. The three possible mint marks are:

• P (Philadelphia): Business strikes intended for general circulation
• D (Denver): Business strikes intended for general circulation
• S (San Francisco): Proof strikes only, available in both clad and silver compositions

Note that while Philadelphia-minted business strikes bear the "P" mint mark beginning in 1980, this was not standard practice for all denominations until the Roosevelt Dime series adopted it. The presence of the "S" mint mark immediately identifies a coin as a proof strike, as San Francisco ceased producing business strike dimes in 1955.

Composition Identification

Business strikes (P and D) and clad proof strikes (S) consist of an outer layer of 75% copper and 25% nickel bonded to a pure copper core, creating the characteristic copper-colored edge when viewed from the side. The 2004-S Silver Proof contains 90% silver and 10% copper throughout, producing a uniform silver appearance on the edge. The weight difference is also diagnostic: clad coins weigh 2.27 grams while silver proofs weigh 2.5 grams.

2004 Roosevelt Dime Values by Mint and Grade

Grade comparison: G-4 shows heavy wear with barely visible details; MS-65 displays full mint luster with minor marks; MS-68 exhibits exceptional surfaces.

The market for 2004 Roosevelt Dimes exhibits extreme concentration of value at the highest quality levels. Circulated examples from pocket change hold no numismatic premium regardless of mint mark. Value emerges only in top mint state grades—and even then, primarily for coins achieving the Full Bands designation indicating superior strike quality.

2004-P Roosevelt Dime (Philadelphia Mint)

Mintage: 1,328,000,000

Standard Strike Values:

Recent auction data shows an MS-68 example selling for $50 on eBay, suggesting the lower end of the NGC/PCGS range ($25-$50) reflects current market reality more accurately than the $130 PCGS catalog price.

Full Bands (FB) Designation Values:

The Full Bands premium demonstrates the dramatic value differential strike quality creates. An MS-68 FB commands $225 versus just $25-$50 for a standard MS-68—a 4-5x multiplier based purely on die strike characteristics. Auction records confirm MS-68 FB sales at $104 (September 2008) and $94 (December 2014). Note that PCGS lists an anomalous $1,380 sale for an MS-61 FB from 2011, but this figure is numismatically illogical and almost certainly represents a data entry error.

2004-D Roosevelt Dime (Denver Mint)

Mintage: 1,159,500,000

Standard Strike Values:

Full Bands (FB) / Full Torch (FT) Values:

Price guide data for the 2004-D Full Bands designation is limited compared to the Philadelphia issue. Available market evidence suggests:

• MS-67 FB: $35-$40 (confirmed by GreatCollections December 2012 sale at $40 and recent eBay retail at $36.95)
• MS-68 FB: Above $40, likely $50-$75 range (though a 2008 Heritage sale at $21 represents outdated data superseded by current market)

The apparent "inversion" where an MS-68 FB sold for less than current MS-67 FB prices illustrates the thin, illiquid market for Denver Full Bands coins and the unreliability of decade-old auction records.

2004-D FS-101 "Doubled Ear" Variety

Mintage: Unknown (die variety, not an entire mintage)

This prominent doubled die obverse represents the most significant and valuable variety in the 2004 Roosevelt Dime series, commanding substantial premiums even in circulated condition.

PCGS auction records confirm a June 2022 sale of an MS-65 example at $275. Retail asking prices on platforms like eBay reach $550, though these represent seller optimism rather than confirmed transactions. The variety's scarcity and dramatic visual appeal ensure strong collector demand across all grade levels.

2004-S Clad Proof Roosevelt Dime

Mintage: 1,789,488

Standard copper-nickel clad composition proof strikes exhibit a concentrated value structure almost entirely dependent on achieving the "perfect" PR-70 grade.

2004-S Silver Proof Roosevelt Dime

Mintage: 1,175,934
Composition: 90% Silver, 10% Copper
Actual Silver Weight (ASW): 0.0723 troy ounces
Melt Value: ~$3.51 (based on $48.50/oz silver)

The silver proof's market value structure reveals important dynamics: despite lower mintage and $3.51 intrinsic metal content, prices exceed clad proofs by only the melt value differential. A PR-69 clad sells for ~$15 while a PR-69 silver brings ~$18—the $3 difference matches the silver content. This pattern indicates saturated supply of "perfect" PR-70 specimens for both compositions, with the U.S. Mint's excellent quality control producing abundant flawless examples that satisfy collector demand without generating significant numismatic premiums beyond the base metal value.

Grading 2004 Roosevelt Dimes

The Full Bands (FB) designation requires complete separation of the horizontal torch bands without interruption from marks.

For 2004 business strike dimes, the grading assessment focuses on two distinct factors: the numerical grade reflecting surface preservation and wear, and the strike quality designation (Full Bands/Full Torch) that dramatically affects value.

Circulated Grades (G-4 through AU-58)

Given the massive mintages and lack of numismatic premium for circulated 2004 dimes, detailed grading distinctions in the circulated range have no practical market significance. However, for the 2004-D FS-101 doubled ear variety, circulated grades do matter. In Good-4, heavy wear flattens most details but the date remains readable. Very Fine-20 shows moderate wear with major design elements clear but fine details weak. About Uncirculated-58 exhibits slight friction on the highest points of Roosevelt's hair and cheek, with nearly full original luster remaining.

Mint State Grades (MS-60 through MS-70)

Key diagnostic areas for grading: Roosevelt's hair above ear, cheek, and jawline show wear first; reverse torch bands and branch leaves indicate strike quality.

MS-60 to MS-63: These lower mint state grades show numerous contact marks, particularly in the obverse fields around Roosevelt's portrait and in the reverse fields surrounding the torch. Luster may appear somewhat dull or abraded. These grades carry minimal premium for standard strikes.

MS-64 to MS-65: Marks are still present but less numerous and severe. MS-65 "Gem" grade requires attractive luster and eye appeal despite some scattered marks. For standard strikes without Full Bands, values remain modest ($4-$7).

MS-66 to MS-67: These premium mint state grades require exceptional surface preservation. Contact marks should be minimal and confined to less visible areas. Original mint luster must be strong and unimpaired. At MS-67, even standard strikes begin showing meaningful value ($10-$20).

MS-68 to MS-70: Superb Gem (MS-68) and perfect (MS-70) grades demand virtually flawless surfaces with full, blazing cartwheel luster. At these stratospheric levels, even tiny marks or imperfections prevent certification. The MS-68 population represents the practical ceiling for most 2004 business strikes, with MS-69 and MS-70 examples extraordinarily rare and commanding significant premiums when they appear.

Full Bands Designation (PCGS) vs. Full Torch Designation (NGC)

The strike quality designation represents the single most important value factor for 2004 business strike dimes, often creating 4-5x price multipliers at top grades. However, the two major grading services apply different standards:

PCGS Full Bands (FB): Requires that both the upper and lower horizontal bands of the torch on the reverse show complete separation without interruption from die wear or contact marks. The vertical lines of the torch are not part of the FB standard.

NGC Full Torch (FT): This stricter designation requires both fully separated horizontal bands (matching PCGS criteria) AND well-defined, clearly visible vertical lines running through the torch. A coin qualifying for NGC's FT will always meet PCGS's FB standard, but the reverse is not necessarily true—a coin with perfect horizontal band separation but weak vertical lines might earn PCGS FB while failing NGC's FT standard.

The distinction matters because strike quality varies significantly across the enormous 2004 production runs. Well-struck examples with complete torch detail are genuinely scarce, justifying the substantial premiums. Collectors should understand that an NGC FT designation technically represents a higher achievement than a PCGS FB, though both indicate superior strike quality that sets these coins apart from the vast majority of production.

Proof Grades (PR-60 through PR-70)

Proof coins present a different grading challenge since they lack circulation wear. Assessment focuses entirely on surface quality and preservation of the proof finish. For 2004-S proofs, meaningful value concentrations at PR-69 and PR-70 levels. The Cameo (CAM) designation indicates moderate frosting on Roosevelt's portrait and the torch design elements, while Deep Cameo (DCAM) or Ultra Cameo (UCAM) describes heavily frosted devices creating strong visual contrast against deeply mirrored fields. Given modern minting technology, the vast majority of 2004-S proofs qualify for Deep Cameo designation, making this the market standard rather than a value premium.

2004 Roosevelt Dime Die Varieties

The 2004-D FS-101 shows prominent doubling on Roosevelt's ear, creating the appearance of a second, lower earlobe.

Die varieties occur when anomalies in die production or die wear create distinctive features that replicate across multiple struck coins. Unlike one-time mint errors, varieties affect entire production runs from a specific die pair and are recognized, cataloged, and certified by the major authentication services.

2004-D FS-101 "Doubled Ear" Variety (Major)

The 2004-D FS-101 represents the most significant die variety in the entire 2004 Roosevelt Dime series and commands strong collector interest across all grades. This prominent doubled die obverse variety is also referenced by its older Fivaz-Stanton designation FS-701.

Attribution Diagnostics:

• Strong doubling visible on Roosevelt's ear, creating the appearance of a distinct second, lower earlobe
• Additional doubling clearly evident in the hair strands immediately in front of the ear
• Doubling sufficiently dramatic to identify with the naked eye or low magnification

Rarity and Value Impact:

The FS-101 is genuinely scarce, with significantly fewer examples surviving in all grades compared to the 1.16 billion standard 2004-D business strikes. This scarcity, combined with the variety's visual appeal and ease of attribution, creates strong demand among variety specialists and general Roosevelt Dime collectors alike. Values begin at $50-$55 for About Uncirculated examples and escalate to $200-$275 for choice to gem mint state specimens. A confirmed PCGS auction record documents an MS-65 sale at $275 in June 2022, validating the strong market for top-grade examples.

Authentication Considerations:

Given the substantial premiums commanded by this variety, authentication by PCGS or NGC is essential for realizing full market value. Both services routinely attribute the FS-101 variety and include this information on their certification labels. Collectors should be particularly cautious of raw (uncertified) examples offered at premium prices, as the doubling must be genuine die doubling rather than machine doubling (a less valuable strike defect) or post-mint damage.

Minor 2004 Doubled Die Varieties

Specialist variety references including Variety Vista (CONECA listings) and the Wexler Doubled Die Files document several additional minor doubled die obverse (DDO) and doubled die reverse (DDR) varieties for both 2004-P and 2004-D issues. These varieties typically manifest as subtle thickening or spreading of letters, date digits, or minor design elements.

Market Reality:

A critical distinction exists between "listed" varieties (cataloged by specialists) and "market-accepted" varieties (recognized, certified, and actively traded). These minor 2004 DDO/DDR varieties fall into the first category but not the second. The diagnostic features are extremely subtle, often requiring significant magnification to identify, and the major grading services do not attribute them on certification labels. Without third-party authentication and with no established auction history or price guide listings, these minor varieties carry little to no premium over standard 2004 dimes in the current market. They remain of interest primarily to advanced variety specialists rather than the broader collecting community.

2004 Roosevelt Dime Mint Errors

Off-center strikes occur when the planchet is misaligned during striking. Most valuable examples retain a visible date and mint mark.

Mint errors represent one-time mechanical malfunctions during the minting process, creating unique coins with characteristics not part of the intended design. Unlike varieties, each error coin is distinct. Value depends heavily on the error's visual appeal, severity, and whether critical elements like the date and mint mark remain visible and identifiable.

Off-Center Strikes

Off-center strikes occur when the coin planchet is not properly centered between the obverse and reverse dies during the striking process, resulting in part of the intended design being absent from the struck coin. The percentage off-center determines value, with more dramatic misalignments generally commanding higher premiums. However, the most valuable examples maintain a clear, readable date and mint mark despite the misalignment—a 50% off-center strike with visible date typically exceeds the value of a 70% off-center strike where the date is completely off the planchet.

For 2004 Roosevelt Dimes, documented examples include a 2004-D dime graded NGC MS-66 and struck 10% off-center, listed at $129.95. More dramatic 50-70% off-center specimens typically trade in the $100-$150 range when they retain identifiable dates and mint marks.

Broadstrikes

A broadstrike error occurs when the coin is struck without the restraining collar that normally contains the metal flow and creates the coin's reeded edge. The resulting coin spreads wider than normal diameter and exhibits a plain, unfinished edge instead of the standard 118 reeds. Broadstrikes represent relatively minor errors in the hierarchy of mint mistakes. A documented 2004-D broadstrike error carries a modest value of approximately $4.99, only marginally above face value.

Improperly Annealed Planchet Errors

During normal production, planchets undergo an annealing process—controlled heating and cooling—to achieve proper metal hardness for striking. When this process fails or is incomplete, the resulting coin exhibits abnormal coloration, often appearing dark, sintered, or showing black or purple discoloration. These errors create visually distinctive coins that appeal to error collectors. A documented 2004-D improperly annealed planchet error graded PCGS MS-65 is offered at $169.99, representing significant premium over a standard MS-65 specimen.

Lamination Errors

Lamination errors occur when impurities in the metal or improper bonding during planchet production cause fragments of the coin's surface to peel or flake away. Minor laminations affecting small areas are relatively common and add modest value, typically in the $5-$15 range. More extensive laminations covering larger surface areas or creating dramatic peeling effects command higher premiums proportionate to their visual impact.

Missing Clad Layer Errors

Given the clad construction of modern Roosevelt Dimes (copper-nickel outer layers bonded to a pure copper core), planchet preparation errors occasionally result in coins struck with the cupro-nickel layer missing from one side. These errors expose the copper core, creating a striking visual contrast between the silver-colored side with intact cladding and the copper-colored side where the outer layer is absent. Missing clad layer errors for 2004 dimes typically trade in the $20-$50 range depending on the coin's overall condition and the completeness of the clad removal.

Wrong Planchet Errors

Wrong planchet errors occur when a blank intended for one denomination is mistakenly fed into the press striking a different denomination. While no specific 2004 Roosevelt Dime wrong planchet errors were documented in available sources, this error type represents among the most valuable categories when it does occur. Historical precedent includes a 1965 dime struck on a leftover silver planchet that sold for $8,625, illustrating the significant premiums these rare cross-denomination errors command. A 2004 dime struck on a cent planchet or a 2004 dime struck on a quarter planchet would similarly generate substantial collector interest and premium pricing.

Authentication and Problem Coins

Cleaned coins show parallel hairlines and even, non-radiating luster instead of the natural cartwheel effect of original surfaces.

Among 2004 Roosevelt Dimes, the 2004-D FS-101 Doubled Ear variety represents the only issue valuable enough to attract counterfeiters or fraudulent alterations. For this variety, authentication by PCGS or NGC is effectively mandatory to realize full market value. The grading services' attribution on the certification label provides not only verification of the variety's authenticity but also confirms that the doubling is genuine die doubling rather than mechanical doubling (a less valuable strike characteristic) or post-strike damage artificially created to simulate the variety.

The primary threat to value for standard 2004 dimes lies not in counterfeiting but in post-mint alterations and damage, particularly cleaning. A 2004 dime that has been cleaned, polished, wiped, or otherwise artificially enhanced is classified as a "problem coin" by grading services and loses all numismatic value, reverting to face value for clad issues or melt value for silver proofs. Cleaned coins are readily identifiable through careful examination of the coin's luster characteristics. Genuine uncirculated coins possess a distinctive "cartwheel" luster—a radiating, spinning pattern of light that reflects off microscopic die flow lines created during the striking process. This luster appears to move in a circular pattern as the coin is tilted under a light source.

Cleaning removes these microscopic flow lines. A cleaned coin may appear artificially bright or shiny, but it exhibits an even, non-radiating luster that lacks the dynamic cartwheel effect. Additionally, cleaning typically leaves telltale evidence in the form of fine parallel hairline scratches from wiping, an unnaturally bright or "white" appearance inconsistent with natural toning, or a dulled, matte surface if harsh chemicals were used. Even hairline scratches that might seem minor to the untrained eye are immediately apparent to professional graders and irreversibly damage the coin's numismatic value. Collectors should never attempt to clean coins themselves, as even gentle cleaning methods remove the original surface that carries the coin's value.

For proof coins, additional authentication concerns include distinguishing genuine proofs from enhanced business strikes. True proofs exhibit characteristics created during the special proof striking process: deeply mirrored fields, frosted design elements on modern Deep Cameo proofs, and superior strike quality throughout. These features cannot be replicated through post-strike polishing or enhancement of a business strike coin.

Proper Storage and Preservation

Both clad and silver 2004 Roosevelt Dimes are chemically stable compositions that resist the active corrosion problems associated with copper or bronze coinage. However, given that all significant value for 2004 dimes concentrates in the highest mint state and proof grades, preservation focuses on protecting surfaces from any contact, scratches, or contamination that would prevent certification at premium grade levels.

Proper storage requires inert, non-PVC holders. The plasticizers in polyvinyl chloride (PVC) flips can migrate to the coin's surface over time, creating an oily residue and potentially causing green verdigris corrosion. Archival-quality 2x2 holders made from inert plastics like polyethylene or Mylar provide safe storage for individual coins. For certified coins in PCGS or NGC holders, the original slabs provide excellent long-term protection and should never be cracked out unless absolutely necessary for resubmission. The coins should never be removed from their holders for handling or examination, as even careful handling can create the minute surface disturbances that separate an MS-68 coin from a lower grade.

Storage environment matters less for these modern alloys than for reactive metals, but stable temperature and low humidity remain ideal. Avoid storage in areas subject to temperature extremes or high humidity. For silver proofs, while the 90% silver composition is relatively stable, exposure to sulfur compounds in the environment can eventually cause toning. Some collectors value attractive natural toning, while others prefer brilliant white surfaces—this is ultimately a matter of personal preference.

The most critical preservation rule applies to handling: never touch a coin's surfaces with bare fingers. Oils, acids, and contaminants from skin contact can create spots or residue that become permanent. When examination is necessary, handle coins only by their edges while wearing cotton or nitrile gloves, and work over a soft surface to prevent damage from accidental drops. For 2004 dimes where the entire numismatic value resides in achieving perfect or near-perfect grades, these preservation practices are not optional luxuries but essential requirements for maintaining value.

Frequently Asked Questions

Research Methodology and Sources

This comprehensive value guide synthesizes data from authoritative numismatic sources including the NGC and PCGS price guides and population reports, recent auction records from Heritage Auctions and GreatCollections, retail pricing from major dealers including APMEX and L&C Coins, and variety attribution resources including Variety Vista (CONECA) and the Wexler Doubled Die Files. Auction records are dated and attributed to specific sources to provide transparency regarding market data currency. Metal prices reflect spot market values as of November 2025.

Collectors should understand that the numismatic market experiences constant fluctuation based on precious metal prices, collector demand patterns, population report changes as additional coins are graded, and broader economic conditions. Prices listed represent typical market ranges at the time of research but should not be considered guarantees of buying or selling prices. For significant purchases or sales, consultation with multiple reputable dealers or auction houses is advisable. The presence of the Full Bands or Full Torch designation requires verification by PCGS or NGC certification; self-assessment of strike quality is inherently subjective and unreliable for value determination.