1975 Dime Such a mere dime as 1975 Roosevelt Dime, comes into the news quite frequently for having achieved an auction record a few days back, i.e. sold for $506,250 on the online auction at the end of October. Coin was minted at San Francisco. However, this coin has a rare error which sets it apart from all other dimes, the reason that it now fetches a price about 5 million times more than the original. It will be prized possession in every collector’s treasure house now.
What Makes the 1975 “No-S” dime Unique?
To the casual observer, this dime seems very common, but indeed, it has no “S” mint mark indicating it was minted at the San Francisco Mint. Only two dimes of this kind are found, hence, extremely rare and priceless.
Why is the “S” mint mark missing?
Almost all US coins are minted with a mint mark signifying the place of mintage:
- D: Denver
- P: Philadelphia
- S: San Francisco
- W: West Point
In 1975, more than 2.8 million proof coins were minted at the San Francisco Mint, and sold for $7 sales prices aimed particularly at collectors. Proof coins were made more beautifully designed and lustrous than regular coins. Two of those sets included proof dimes in an accidental “no S” minting error. Such an error would naturally result in rarity but adds history in importance greatly.
Family heirlooms became property worth crores
Three sisters by the names of susa, born and raised in Ohio, are the heirs of this dime. Their brother, who purchased this coin for $18,200 from a dealer in 1978 (which equals almost $90,000 in today’s value), bequeathed this asset to them. It was placed in a vault for 40 years and kept as a family heirloom and financial insecurity.
Breaking Auction Record
It is not the first time the “No-S” Roosevelt dime has made the headlines. In 2019, a similar dime sold for $456,000. Such sales are an indicator of the amount of collectors’ interest and excitement over minting errors.
Know-how from an expert: How to find the next “No-S” dime
Such a dime is likely still hidden among older collectibles by the 1975 proof sets, says Ian Russell, president of GreatCollections, but because of its rarity and historical significance, it will be almost impossible to find it, adding even further to the cost.
Some Key Facts about the 1975 No-S Dime
- This coin has only been found twice, making it extremely scarce.
- It was minted by The San Francisco Mint. However, the absence of the “S” mint mark made this coin unique across all issues.
- It fetched an auction record of $506,250.
Key Facts About the 1975 No-S Dime
| Feature | Details |
|---|---|
| Coin | 1975 Roosevelt Dime |
| Unique Feature | Missing “S” mint mark |
| Known Examples | Two |
| Original Proof Set Price | $7 |
| Recent Auction Price | $506,250 |
| Previous Record Sale (2019) | $456,000 |
Opportunity: Education and Value
The great tale of the 1975 No-S dime shows that even small mistakes can lead to huge prices. Once a ten-cent coin, the historical interest and collectors’ enthusiasm turned it into a prized treasure.
Conclusion
A rarity changes its worth as the coin 1975 No-S Dime that was sold for an overwhelming $506,250. It shows how minting errors can bring staggering values to the area of numismatics. This ten-cent piece has become into something incredibly rare and historical, and it has attracted collectors from all over. From the simple proof set, this coin has now entered auction-record territory. It proves that something ordinary can sometimes be hiding something extraordinary. For fans and collectors alike, it is a story showing that rare treasures can pop from anywhere, turning little investments into huge legacies.
FAQs
What makes the 1975 No-S dime so precious?
There’s a very scarce case of only two such coins. Its minting error caused its preciousness.
Proof coin means?
An additional special type of coin is proof coin. It easily indicates some shiny and detailed features from its average opposite coins.
How many proof sets were made in 1975?
In the year 1975, the San Francisco Mint produced almost 2.8 million proof sets.
