A Rare Coin, Hidden for Years, Sells for Half a Million Dollars
2024-10-31
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1A rare dime bought by an Ohio farm family in the 1970s was recently sold for just over $500,000.
2In 1975, the United States Mint in San Francisco produced the coin, which has a face value of one-tenth of one U.S. dollar.
3A mint is where a government produces forms of money.
4The coin shows the 32nd President of the United States, Franklin D. Roosevelt.
5It is one of just two dimes of its kind known to exist without a special "S" mark.
6Three sisters from Ohio received the dime after the death of their brother, who had kept it in a bank for more than 40 years.
7The coin sold for $506,250 in an online sale, said Ian Russell, president of GreatCollections, an auction house based in California.
8The only other known example of the "1975 'no S' proof dime" sold at a 2019 auction for $456,000.
9It was then sold again months later to a private collector.
10The mint in San Francisco made more than 2.8 million special "proof" sets in 1975.
11The sets had six coins and cost $7.
12A few years later, collectors discovered that two dimes from the set did not have the mint mark.
13Russell said the sisters from Ohio, who did not want to be identified, told him that they inherited one of those two dimes.
14Their brother and mother bought the coin for $18,200 in 1978, which would amount to around $90,000 today.
15Their parents operated a dairy farm.
16They considered the coin a form of investment.
17I'm Ashley Thompson.
1A rare dime bought by an Ohio farm family in the 1970s was recently sold for just over $500,000. 2In 1975, the United States Mint in San Francisco produced the coin, which has a face value of one-tenth of one U.S. dollar. 3A mint is where a government produces forms of money. 4The 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. 5Three sisters from Ohio received the dime after the death of their brother, who had kept it in a bank for more than 40 years. 6The coin sold for $506,250 in an online sale, said Ian Russell, president of GreatCollections, an auction house based in California. 7The 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. 8The 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. 9Russell said the sisters from Ohio, who did not want to be identified, told him that they inherited one of those two dimes. 10Their brother and mother bought the coin for $18,200 in 1978, which would amount to around $90,000 today. 11Their parents operated a dairy farm. They considered the coin a form of investment. 12I'm Ashley Thompson. 13John Russell adapted this story from an Associated Press report. 14_____________________________________________ 15Words in This Story 16dime - n. a coin that represents one-tenth of one U.S. dollar 17face value -n. the value stated on a piece of money 18mint - n. a place where coins are made 19auction - n. a sale of property to the highest bidder 20proof -n. a specially prepared coin that is usually very shiny