Extraordinary Auction Result
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TOLEDO, Ohio – An extraordinarily rare dime has been sold for just over $500,000. This elusive coin, struck by the U.S. Mint in San Francisco in 1975, features a depiction of President Franklin D. Roosevelt and is one of only two known to exist without the distinctive “S” mint mark.
Inheritance and Auction Details
The remarkable dime was inherited by three sisters from Ohio following the death of their brother, who had kept the coin in a bank vault for over 40 years. It sold for $506,250 in an online auction, which concluded on Sunday. Ian Russell, president of GreatCollections, an auction house based in Irvine, California, confirmed the sale.
The Significance of the “No S” Proof Dime
This 1975 “no S” proof dime is a rare find. The only other example sold at auction in 2019 for $456,000 and then was transferred to a private collector months later. In total, the San Francisco Mint produced over 2.8 million special uncirculated proof sets that year, each containing six coins sold for $7.
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A Unique Financial Legacy
The sisters revealed that their family had a history with the coin. Their brother and mother purchased the first discovered error coin in 1978 for $18,200, equivalent to about $90,000 today. Their parents, who ran a dairy farm, regarded the coin as a crucial financial safety net.
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