Rare dime hidden for decades sells for over $500,000

An extraordinarily uncommon dime whose whereabouts had remained a mystery since nan precocious 1970s has sold for conscionable complete $500,000.

The coin, which was struck by nan U.S. Mint successful San Francisco successful 1975, depicts President Franklin D. Roosevelt and is 1 of conscionable 2 known to beryllium without its unique "S" mint mark.

Three sisters from Ohio inherited nan dime aft nan decease of their brother, who had kept it successful a slope vault for much than 40 years.

The coin sold for $506,250 successful an online auction that concluded Sunday, according to Ian Russell, president of GreatCollections, an auction location based successful Irvine, California. The auction location said location were 212 bids placed connected nan coin.

The only different known illustration of nan "1975 'no S' impervious dime" sold astatine a 2019 auction for $456,000. Shortly aft that, nan coin sold for $516,000 to a Roosevelt Dime collector, who presently has nan only complete postulation of nan series, nan auction location said.

The mint successful San Francisco made much than 2.8 cardinal typical uncirculated "proof" sets successful 1975 that featured six coins and were sold for $7. Collectors a fewer years later discovered that 2 dimes from nan group were missing nan mint mark.

This undated image provided by GreatCollections shows a 1975 impervious group dime mistakenly made without nan San Francisco Mint's missive S mintmark. / AP

Russell said nan sisters from Ohio, who wanted to stay anonymous, told him that they inherited 1 of those 2 dimes but that their relative and mother bought nan first correction coin discovered successful 1978 for $18,200, which would magnitude to astir $90,000 today. Their parents, who operated a dairy farm, saw nan coin arsenic a financial information net.

When Russell told 1 of nan sisters conscionable a fewer years agone astir nan coin's imaginable value, he said she remarked "is that really possible?"

While location is simply a chance much examples of nan uncommon dime are retired there, they would only beryllium recovered among nan 1975 "proof" sets and not successful anyone's pouch change, Russell said.

Still, he said he expected nan latest find to group disconnected a batch of searching.

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