$0.10 Coin Hits $295,000 at Auction – Why Investors Are Battling To Buy a Single US Dime
Bidders have pushed the price for a rare US dime to a staggering $250,000 – and they’re likely just getting started.
If past is prologue, the online auction for this 1975 dime will close at more than half a million dollars when it ends on October 27th.
The rare dime is missing the letter “S”, which is used to show the coin was minted in San Francisco.
The coin for sale was found in California by a collector who bought five proof sets from the U.S. Mint.
Just two 1975 dimes in existence are known to contain this error.
“The only other example was sold by the same California collector to Vollmer in 1979, and had not been seen on the market until appearing in a 2011 auction. It realized a then-record $349,600 and was acquired by a Florida dermatopathologist named Poulos, who collected major rarities.
Poulos unexpectedly passed away in 2019 and his collection was auctioned, where the coin realized $456,000. Within days, the coin sells for $516,000 to a Roosevelt Dime collector, who currently has the only complete collection of this series.”
Through the years, there have been six instances of the U.S. Mint mistakenly releasing “No S” Proof dimes – 1968, 1970, 1971, 1975, 1983 and 1990.
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Author: Daily Hodl Staff
