An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000
that Extremely rare dime The whereabouts of which have remained a mystery since the late 1970s, and were sold for just over $500,000.
The coin, struck by the U.S. Mint in San Francisco in 1975, depicts President Franklin Roosevelt and is one of only two coins known to exist without the distinctive “S” mint mark.
Three Ohio sisters inherited the dime after the death of their brother, who kept it in a bank vault for more than 40 years.
The coin sold for $506,250 in an online auction that concluded Sunday, according to Ian Russell, president of GreatCollections, an auction house based in Irvine, California.
Great collections across AP
The only other known example of a “1975 ‘no S’ proof dime” was sold at auction in 2019 for $456,000 and then again months later to a private collector.
The San Francisco Mint produced more than 2.8 million special uncirculated “proof” sets in 1975, which included six coins and sold for $7. Collectors discovered a few years later that two dimes from the set were missing the mint mark.
Russell said the sisters from Ohio, who wanted to remain anonymous, told him they inherited one of those dimes, but their brother and mother bought the first error coin discovered in 1978 for $18,200, which would be worth about $90,000 today. Their parents, who ran a dairy farm, viewed the currency as a financial safety net.
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