Ohio Family’s Rare 1975 Dime Fetches $500,000 Due to Minting Error
According to Vibes.okdiario A rare Roosevelt dime recently stunned the numismatic world by fetching over $500,000 at auction. Minted in San Francisco in 1975, this remarkable coin is one of only two known examples with a unique minting error—a missing “S” mint mark. This omission has made it one of the most sought-after collector’s items.
The rare dime changed hands on October 27 through GreatCollections, a premier auction house for high-value coins, with three sisters from Ohio as the sellers. The sisters had inherited the coin, which had been stored securely in a bank vault for decades. Originally purchased by their mother and brother in 1978 for $18,200 (equivalent to around $90,000 today), the coin has long been considered a family “financial safety net” for their dairy farm.
Mint marks are essential in U.S. coinage, signifying a coin’s production origin and ensuring quality control. Coins from the Philadelphia Mint bear a “P,” while those from West Point have a “W.” In 1975, the San Francisco Mint produced a special proof set of over 2.8 million coins, but two dimes from this set were later discovered to lack the “S” mark, making them exceptionally rare.
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One of these “no S” dimes was auctioned for $456,000 in 2019 and resold for $516,000 days later by a group including coin expert Mitch Spivack, who also owns the rare 1976 “no S” Eisenhower dollar. Spivack called the acquisition of the 1975 “no S” dime a “dream come true.”
With only two confirmed specimens, this coin’s recent sale emphasizes the enduring allure and value of such numismatic treasures.
