Mon Sep 09 15:39:20 UTC 2024: ## Rare Franklin D. Roosevelt Dime Could Fetch Over $500,000 at Auction
Three sisters from Ohio are set to become unexpectedly wealthy after discovering a rare dime hidden for decades among their family’s possessions. The coin, minted in 1975 in San Francisco, is one of only two known examples missing the “S” mint mark, a seemingly small oversight that has made it a coveted item among coin collectors.
The dime, which was originally purchased by the sisters’ father, a dairy farmer, for $18,200 in 1978 (equivalent to around $90,000 today), is expected to bring in over $500,000 at auction in October. The sisters, who wish to remain anonymous, were unaware of the coin’s true value until recently.
“Most major collectors and dealers have never seen one,” said Ian Russell, president of GreatCollections, which is overseeing the online sale.
This latest discovery could lead to a renewed frenzy of searching for other lost examples of the rare coin, known as the 1975 ‘no S’ proof dime. However, any additional finds would likely come from sealed 1975 proof sets rather than pocket circulation.
The dime will be displayed at a coin show in Tampa, Florida, before heading to auction, where it is expected to spark renewed interest in rare coin collections.
“This is a very exciting coin for our company to auction,” stated Russell. “We’ve handled many trophy coins over the years… but this is the first time for the 1975 No S Proof Dime, the most important modern U.S. coin.”
This isn’t the first time a rare coin has sold for a hefty sum. In 2022, a rare gold coin depicting Queen Elizabeth I sold for $770,000 at an auction in Germany, making it the most expensive coin ever auctioned in the country at that time.
First Piper 