Imagine discovering that a simple coin sitting in storage for decades is now worth over half a million dollars! That’s exactly what happened with a rare 1975 U.S. dime, which recently sold at auction for an astonishing $506,250. This coin’s uniqueness and historical significance have made it a prized possession among collectors. Let’s explore the journey of this extraordinary dime and why it’s so valuable.
The Unique Story of the 1975 “No-S” Dime
This rare dime, featuring Franklin D. Roosevelt, stands out because it lacks the “S” mintmark from the San Francisco Mint. Only two such coins are known to exist, making them incredibly rare and highly sought after.
A Family Heirloom Passed Through Generations
The Ohio sisters who recently sold the coin had inherited it from their family. Their mother and brother purchased the dime in 1978 for $18,200, equivalent to around $90,000 today. The coin was stored in a bank vault for over 40 years, preserving its pristine condition.
Key Dates and Values
| Year | Event | Value |
|---|---|---|
| 1975 | Dime minted without “S” mark | Rare and unique |
| 1978 | Purchased for $18,200 | $90,000 in today’s terms |
| 2019 | Another 1975 “No-S” dime sold | $456,000 |
| 2023 | Auctioned for $506,250 | Record-breaking sale |
Record-Breaking Auction Sale
The coin was sold at an online auction, a California-based auction house, for an impressive $506,250. This marks a significant return on the family’s original investment and reflects the coin’s rarity and historical importance.
How Rare is the 1975 “No-S” Dime?
The San Francisco Mint produced over 2.8 million “proof” sets in 1975. However, these two “No-S” dimes are the only known examples without the mintmark. The other 1975 “No-S” dime sold in 2019 for $456,000, further highlighting its exceptional value.
Conclusion
This incredible story of a forgotten dime turned into a treasure shows how small investments can yield astonishing returns. The 1975 “No-S” dime is not just a piece of currency—it’s a slice of history and a testament to the value of rarity in collectibles. Whether you’re a coin enthusiast or just love a good story, this tale of the 5-cent piece turned half-a-million-dollar treasure is truly remarkable.
FAQ’s
Why is the 1975 “No-S” dime so valuable?
Its rarity makes it valuable. Only two such dimes are known to exist, making it a collector’s dream.
How was the dime preserved for so long?
The coin was stored in a bank vault by the Ohio sisters’ family, maintaining its excellent condition.
Who sold the coin at auction?
The auction was hosted by Great Collections, a California-based auction house.