A rare coin, held by an Ohio family since the late 1970s, recently made headlines when it sold for just over $500,000 at an auction. Known as the 1975 “no S” Roosevelt dime, this valuable piece lacks the typical “S” mint mark that usually signifies it was made at the U.S. Mint in San Francisco. The absence of this small mark is what makes this coin one of the only two known examples, elevating its value significantly among collectors.
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The Ohio family had kept the dime safely stored in a bank vault for over four decades. Following the passing of a family member, three sisters inherited the coin and decided to sell it through an online auction, ultimately fetching $506,250, according to Ian Russell, the president of GreatCollections Auction House.
The story of this rare dime began back in 1975 when the U.S. Mint produced over 2.8 million uncirculated “proof” coin sets, selling them for $7. However, collectors eventually noticed that two dimes from the batch were missing the “S” mark. The Ohio family’s dime was purchased in 1978 by the sisters’ mother and brother for $18,200, an amount that would be around $90,000 today.
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Interestingly, another “no S” 1975 dime sold in 2019 for $456,000 before it was bought by a private collector. This recent auction highlights the lasting intrigue surrounding rare coins and the surprising value they can hold across generations.