Put Your AD here!

Rare dime with misprint sold for $500K at auction after being hidden for decades

Rare dime with misprint sold for $500K at auction after being hidden for decades


This article was originally published on NY Post - US-News. You can read the original article HERE

This coin is not a dime a dozen.

A rare dime with a glaring misprint that an Ohio family kept hidden for nearly four decades was sold at an auction for over $500,000.

The coin, minted in 1975, features President Franklin D. Roosevelt just like any other dime in the US.

However, its whopping value lies in an error previously only found on one other dime — it’s missing the distinctive “S” mint mark that all coins manufactured in San Francisco are required to have.

A 1975 proof set dime without the San Francisco Mint's letter S mintmark, displayed in a plastic container
A 1975 proof set dime without the San Francisco Mint’s letter S mintmark,
displayed in a plastic container. AP

The only other known dime missing the “S” mint is one also made in 1975 that was sold for $456,000 at auction in 2019. It was later sold a second time to a private collector.

Both coins were made in 1975 when the US Mint in San Francisco manufactured more than 2.8 million special uncirculated “proof” sets featuring six coins. At the time, the sets were sold for $7– the equivalent to just about $40 today.

Collectors didn’t realize until years later that two dimes from the set were missing the usually-standard “S.”

A stock image of an auctioneer.
The only other known dime missing the “S” mint is one also made in 1975 that was sold for $456,000 at auction in 2019. It was later sold a second time to a private collector. LIGHTFIELD STUDIOS – stock.adobe.com

Three sisters from Ohio, who have opted to remain anonymous, inherited the coin from their deceased brother, who had hidden the dime in a bank vault all these years.

The sisters claim that their brother and mother had previously purchased the coin in 1978 when it was first discovered for $18,200, roughly $90,000 today, as a possible financial safety net for the future.

The coin sold for $506,250 during an online auction that ended on Sunday, according to Ian Russell, president of the GreatCollections auction house based in Irvine, California.

With Post Wires

This article was originally published by NY Post - US-News. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



YubNub Promo
Header Banner

Comments

  Contact Us
  • Postal Service
    YubNub Digital Media
    361 Patricia Drive
    New Smyrna Beach, FL 32168
  • E-mail
    admin@yubnub.digital
  Follow Us
  About

YubNub! It Means FREEDOM! The Freedom To Experience Your Daily News Intake Without All The Liberal Dribble And Leftist Lunacy!.


Our mission is to provide a healthy and uncensored news environment for conservative audiences that appreciate real, unfiltered news reporting. Our admin team has handpicked only the most reputable and reliable conservative sources that align with our core values.