An terribly uncommon dime whose whereabouts had remained a thriller for the reason that late Nineteen Seventies has bought for simply over $500,000.
The coin, which was struck by the U.S. Mint in San Francisco in 1975, depicts President Franklin D. Roosevelt and is considered one of simply two recognized to exist with out its distinctive “S” mint mark.
Three sisters from Ohio inherited the dime after the dying of their brother, who had stored it in a financial institution vault for greater than 40 years.
The coin bought for $506,250 in a web-based public sale that concluded Sunday, in keeping with Ian Russell, president of GreatCollections, an public sale home primarily based in Irvine, California.
GreatCollections by way of AP
The one different recognized instance of the “1975 ‘no S’ proof dime” bought at a 2019 public sale for $456,000 after which once more months later to a non-public collector.
The mint in San Francisco made greater than 2.8 million particular uncirculated “proof” units in 1975 that featured six cash and have been bought for $7. Collectors just a few years later found that two dimes from the set have been lacking the mint mark.
Russell mentioned the sisters from Ohio, who wished to stay nameless, informed him that they inherited a kind of two dimes however that their brother and mom purchased the primary error coin found in 1978 for $18,200, which might quantity to roughly $90,000 immediately. Their dad and mom, who operated a dairy farm, noticed the coin as a monetary security internet.
