Imagine finding out that a 10-cent dime in your possession could be worth half a million dollars! That’s exactly what happened to three sisters from Ohio. Their family owned a rare dime that is now expected to sell for over $500,000 at auction.
What Makes This Dime So Valuable?
This 1975 dime features the face of former President Franklin D. Roosevelt but is missing a special mark: the letter “S” that stands for San Francisco, where it was minted. Out of 2.8 million uncirculated coins made that year in San Francisco, only two dimes were found to be missing this mark.
One of these dimes sold for $456,000 in 2019, and now, the second one has been discovered by the three sisters from Ohio.
How the Ohio Family Got the Coin
Back in 1978, the sisters’ brother and mother bought the coin for $18,200, which is about $90,000 in today’s money. They had no idea it would become so valuable. Now, the coin is going up for auction in October, and experts believe it could bring in more than $500,000!
Why This Coin is So Rare
The coin is called an “error coin” because it is missing the “S” mint mark. Error coins like this are extremely rare, making them highly sought after by collectors. Out of millions of dimes made in 1975, only two are known to have this error.
Table
| Topic | Details |
|---|---|
| Coin Type | 1975 Roosevelt Dime |
| Missing Feature | “S” Mint Mark (San Francisco) |
| Original Purchase Price | $18,200 (bought in 1978) |
| Current Estimated Value | Over $500,000 |
| Auction Date | October (GreatCollections Auction House) |
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FAQs
Why is the 1975 dime so valuable?
The coin is valuable because it is missing the “S” mint mark from San Francisco, making it a rare error coin.
How many of these error coins exist?
Only two 1975 dimes without the “S” mint mark are known to exist.
How much did the family originally pay for the coin?
The Ohio family bought the coin for $18,200 in 1978, which is about $90,000 in today’s money.
When will the coin be auctioned?
The coin will be auctioned in October by GreatCollections, where it could sell for over $500,000.
Why do collectors want this coin?
Collectors want it because it’s a rare error coin, and rare coins are often worth a lot of money.