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Rare, misprinted dime minted in 1975 sells for $506,250
UPI ^ | November 05, 2024 | Ben Hooper

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.


TOPICS: Business/Economy; History; Hobbies; Weird Stuff
KEYWORDS: coins; epigraphyandlanguage; godsgravesglyphs
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1 posted on 11/07/2024 12:02:57 PM PST by Red Badger
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To: Red Badger

Interesting. Numismatics BUMP


2 posted on 11/07/2024 12:06:42 PM PST by PGalt (Past Peak Civilization?)
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To: Red Badger

> 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.


3 posted on 11/07/2024 12:12:14 PM PST by Leaning Right
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To: Leaning Right

Brother, can you spare a dime?...................


4 posted on 11/07/2024 12:12:57 PM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: PGalt

Numismatics?

This is OLDmismatics!...............


5 posted on 11/07/2024 12:13:36 PM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Leaning Right

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.


6 posted on 11/07/2024 12:15:28 PM PST by PIF (They came for me and mine ... now its your turn)
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To: Red Badger
Thanks Red Badger. San Francisco mint mark missing? If these "no S" versions were commonplace, there wouldn't even *be* a SF.

7 posted on 11/07/2024 12:21:46 PM PST by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: SunkenCiv

San Francisco used to be No “S”.

Oh how it’s gone downhill.


8 posted on 11/07/2024 12:25:40 PM PST by one guy in new jersey
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To: one guy in new jersey

I visited there in the 1980s, got a map of the city, and immediately wondered, “what’s this ‘Tenderloin’ district?!?”


9 posted on 11/07/2024 12:32:22 PM PST by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: Red Badger

The most money paid for something with no “S” since Taylor Swift.


10 posted on 11/07/2024 12:33:32 PM PST by Dr.Deth
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To: Red Badger

Coin Collecting is still a thing? I know stamp collections used to be a big deal with conventions and exhibitions.


11 posted on 11/07/2024 12:39:15 PM PST by lee martell
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To: Red Badger

“misprinted” *eyeroll*


12 posted on 11/07/2024 12:45:12 PM PST by simpson96
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To: lee martell

Direct TV has a Coin Collecting Channel......................


13 posted on 11/07/2024 12:51:39 PM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger

If I had only known... A minute or two with a Dremel tool could have made me rich.


14 posted on 11/07/2024 12:54:45 PM PST by HartleyMBaldwin
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To: Red Badger
I can see why people would treasure historic coins minted centuries and millennia ago.

But why is there a market for a recent coin whose only claim to fame is a defect?

15 posted on 11/07/2024 1:04:42 PM PST by Angelino97
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To: Angelino97

Rarity. Mis-minted coins fetch a fortune........


16 posted on 11/07/2024 1:06:20 PM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Angelino97

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.


17 posted on 11/07/2024 1:22:54 PM PST by fluffy
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To: Red Badger
So, to any coin people, my Dad had a cigar box in a drawer in which he would toss odd things he found over the years. After he passed, I was going through this box and I found an old coin. It is in rough shape and it is a Liberty one cent piece from 1829. I know that these coins are not rare (especially in this shape) but the peculiar thing about this one is that, on the back, it has a large fancy '5' stamped overtop of the ONE in 'ONE CENT'.

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? :-)

18 posted on 11/07/2024 1:38:46 PM PST by Hatteras
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To: Leaning Right; SunkenCiv

Wait! I just put that in a parking meter! I patted myself on the back after thinking it wouldn’t work without the S.


19 posted on 11/07/2024 1:50:01 PM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: Hatteras
It's a heavily corroded 1829 cent (looks like an N-8 variety). Large cents were often countermarked and used as store tokens for various purposes, the "5" could mean pretty much anything.

Possibly the most interesting use were as "Brothel Tokens", where the "E" in "Cent" was changed to a "U". The token was purchased by the customer and then given to the girl as payment, The idea was to make sure the prostitute didn't handle any actual money and skim some off the top.
20 posted on 11/07/2024 2:53:39 PM PST by fluffy
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