The 1975 No S Proof Dime is one of the rarest and most valuable coins in modern U.S. history. This particular coin was sold at an auction hosted by GreatCollections for a staggering $506,250. It is famous for being released without the “S” mintmark, which is a significant error in coin production. The auction saw over 200 bids, highlighting the global interest in this unique item.
Key Details about the 1975 No S Proof Dime
This rare dime was authenticated and graded PCGS Proof-67 by the Professional Coin Grading Service (PCGS) and also received approval from the Certified Acceptance Corporation (CAC). It was considered the #1 modern U.S. coin rarity by collectors and numismatic experts, making it highly sought after.
History of the Coin’s Ownership
In 1978, the coin was purchased by an Ohio collector and his mother from the Chicago dealer F.J. Vollmer & Co., Inc. for $18,200. The family held on to the coin for nearly 50 years before selling it at auction through GreatCollections. The coin’s value skyrocketed over the years, realizing nearly 30 times the price it was purchased for.
Global Interest and Auction Record
Over 400 unique bidders from around the world participated in the auction, with serious collectors from Germany, Japan, and the U.K. joining U.S. bidders. The auction closed with a final bid of $506,250, setting a new record for this particular coin. This coin is missing from prestigious collections, including the Smithsonian and American Numismatic Society (ANS), making it even more valuable.
Rarity of the Coin
Only two sets of the 1975 No S Proof Dime have ever been discovered. The second set was sold in 1979 by Vollmer. Prior to this auction, the coin had only appeared twice in previous auctions: once in 2011, when it sold for $349,600, and again in 2019, when it went for $456,000.
Auction Highlights
In addition to the 1975 No S Proof Dime, they auction included over 4,000 certified coins and banknotes, bringing in a total of $3.13 million in sales. Other notable items included a 1955 Doubled Die Lincoln Cent, rare Liberty Seated Dime collections, and a unique Red Seal National Banknote.
Table: Key Details
| Detail | Information |
|---|---|
| Coin Type | 1975 No S Proof Dime |
| Auction Price | $506,250 |
| Minting Year | 1975 |
| Mintmark | Missing “S” mintmark (Proof error) |
| Grade | PCGS Proof-67 |
| Certified by | PCGS, CAC |
| Previous Auction Prices | 2011: $349,600; 2019: $456,000 |
| Auction Total | $3.13 million (GreatCollections auction) |
| Location of Previous Owner | Ohio, USA (purchased in 1978) |
| Rarity | Only two known examples |
Conclusion:
The 1975 No S Proof Dime is a testament to the enduring fascination with rare coins. Its extraordinary auction price of $506,250 reflects the interest collectors have in acquiring such historical rarities. With only a few known examples, this dime continues to be a symbol of the enduring value and allure of U.S. coinage.
FAQ’s
What is the 1975 No S Proof Dime?
The 1975 No S Proof Dime is a rare coin that was mistakenly minted without the “S” mintmark, which makes it highly valuable and sought after by collectors.
How much did the 1975 No S Proof Dime sell for?
It sold for $506,250 at an auction, making it one of the most expensive modern U.S. coins ever sold.
Who owned the 1975 No S Proof Dime before it was sold?
The coin was owned by an Ohio collector and his mother, who purchased it for $18,200 in 1978 and held it for almost 50 years before selling it at auction.