A Rare Coin, Hidden for Years, Sells for Half a Million Dollars

2024-10-31

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1
  • A rare dime bought by an Ohio farm family in the 1970s was recently sold for just over $500,000.
  • 2
  • In 1975, the United States Mint in San Francisco produced the coin, which has a face value of one-tenth of one U.S. dollar.
  • 3
  • A mint is where a government produces forms of money.
  • 4
  • The coin shows the 32nd President of the United States, Franklin D. Roosevelt.
  • 5
  • It is one of just two dimes of its kind known to exist without a special "S" mark.
  • 6
  • Three sisters from Ohio received the dime after the death of their brother, who had kept it in a bank for more than 40 years.
  • 7
  • The coin sold for $506,250 in an online sale, said Ian Russell, president of GreatCollections, an auction house based in California.
  • 8
  • The only other known example of the "1975 'no S' proof dime" sold at a 2019 auction for $456,000.
  • 9
  • It was then sold again months later to a private collector.
  • 10
  • The mint in San Francisco made more than 2.8 million special "proof" sets in 1975.
  • 11
  • The sets had six coins and cost $7.
  • 12
  • A few years later, collectors discovered that two dimes from the set did not have the mint mark.
  • 13
  • Russell said the sisters from Ohio, who did not want to be identified, told him that they inherited one of those two dimes.
  • 14
  • Their brother and mother bought the coin for $18,200 in 1978, which would amount to around $90,000 today.
  • 15
  • Their parents operated a dairy farm.
  • 16
  • They considered the coin a form of investment.
  • 17
  • I'm Ashley Thompson.
  • 1
  • A rare dime bought by an Ohio farm family in the 1970s was recently sold for just over $500,000.
  • 2
  • In 1975, the United States Mint in San Francisco produced the coin, which has a face value of one-tenth of one U.S. dollar.
  • 3
  • A mint is where a government produces forms of money.
  • 4
  • The coin shows the 32nd President of the United States, Franklin D. Roosevelt. It is one of just two dimes of its kind known to exist without a special "S" mark.
  • 5
  • Three sisters from Ohio received the dime after the death of their brother, who had kept it in a bank for more than 40 years.
  • 6
  • The coin sold for $506,250 in an online sale, said Ian Russell, president of GreatCollections, an auction house based in California.
  • 7
  • The only other known example of the "1975 'no S' proof dime" sold at a 2019 auction for $456,000. It was then sold again months later to a private collector.
  • 8
  • The mint in San Francisco made more than 2.8 million special "proof" sets in 1975. The sets had six coins and cost $7. A few years later, collectors discovered that two dimes from the set did not have the mint mark.
  • 9
  • Russell said the sisters from Ohio, who did not want to be identified, told him that they inherited one of those two dimes.
  • 10
  • Their brother and mother bought the coin for $18,200 in 1978, which would amount to around $90,000 today.
  • 11
  • Their parents operated a dairy farm. They considered the coin a form of investment.
  • 12
  • I'm Ashley Thompson.
  • 13
  • John Russell adapted this story from an Associated Press report.
  • 14
  • _____________________________________________
  • 15
  • Words in This Story
  • 16
  • dime - n. a coin that represents one-tenth of one U.S. dollar
  • 17
  • face value -n. the value stated on a piece of money
  • 18
  • mint - n. a place where coins are made
  • 19
  • auction - n. a sale of property to the highest bidder
  • 20
  • proof -n. a specially prepared coin that is usually very shiny