Posted on 11/07/2024 12:02:57 PM PST by Red Badger
A rare 1975 dime missing its "S" mint mark was auctioned for $506,250. Photo courtesy of GreatCollections
Nov. 5 (UPI) -- A rare U.S. dime missing its mint mark was auctioned for $506,250, nearly 30 times the amount it sold for 46 years earlier.
GreatCollections, which handled the auction of the "1975 No S Proof Dime," said the coin was purchased by an Ohio collector and his mother for $18,200 in 1978, and it remained with the family for nearly 50 years.
The collector's family decided to have the dime auctioned, and it was given a Proof-67 grade by the Professional Coin Grading Service before fetching a sum of $506,250.
"We received interest in this modern rarity from all over the world -- serious collectors from Germany, Japan and the U.K., as well as collectors from the U.S. -- over 400 unique bidders were actively tracking the auction," GreatCollections President Ian Russell said in a news release.
The dime is notable for its missing "S" mint mark, which would signify it was minted in San Francisco. It is only one of two examples known to still exist.
"This is the Grail of modern coins, one that is missing from the Smithsonian, ANS and ANA institutional collections. After spirited bidding, it was ultimately won by a long-time client of ours who appreciates rarities that infrequently appear on the market. His goal is for his family to own it for the next 46 years, similar to the seller's family who consigned it to GreatCollections," Russell said.
Interesting. Numismatics BUMP
> A rare U.S. dime missing its mint mark was auctioned for $506,250 <
Drats, foiled again! I bid $506,248.
Oh, well. It’s probably for the best, given that I only have $79 in my checking account. And I doubt if my Social Security increase for 2025 would make up the difference.
Brother, can you spare a dime?...................
Numismatics?
This is OLDmismatics!...............
And I doubt if my Social Security increase for 2025 would make up the difference.
—
It won’t because the medicare part will take it all away and then some, thanks to Harris/Biden.
Thanks Red Badger. San Francisco mint mark missing? If these "no S" versions were commonplace, there wouldn't even *be* a SF.
San Francisco used to be No “S”.
Oh how it’s gone downhill.
I visited there in the 1980s, got a map of the city, and immediately wondered, “what’s this ‘Tenderloin’ district?!?”
The most money paid for something with no “S” since Taylor Swift.
Coin Collecting is still a thing? I know stamp collections used to be a big deal with conventions and exhibitions.
“misprinted” *eyeroll*
Direct TV has a Coin Collecting Channel......................
If I had only known... A minute or two with a Dremel tool could have made me rich.
But why is there a market for a recent coin whose only claim to fame is a defect?
Rarity. Mis-minted coins fetch a fortune........
As a long time numismatist I don’t understand it either, but there’s some big money chasing modern rarities. All you need are two well-heeled people who really want something for their collection and the sky’s the limit.
Does this ring any bells for coin collectors as to why the 5?
He also had a number of other old silver dollars. And I did see a 1964 Roosevelt dime with no mint marks.
Am I rich yet? :-)
Wait! I just put that in a parking meter! I patted myself on the back after thinking it wouldn’t work without the S.
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