When three sisters from Ohio took an inherited coin to an professional, they discovered it may promote for half 1,000,000 {dollars}. At an public sale by GreatCollections on Oct. 27, the coin greater than delivered on its promise with a sale value of $506,250.
The U&interval;S&interval; Mint
At first look, the coin, dated 1975, might appear to be a well-recognized Franklin D. Roosevelt dime. Like most uncommon cash, a couple of particulars set it aside. This coin was a part of a proof set made for collectors. Proof cash, as outlined by the U.S. Mint, are “specifically produced…made out of extremely polished planchets and dies and infrequently struck greater than as soon as to accent the design. Proof cash obtain the best high quality strike attainable and could be distinguished by their mirror-like background and frosted foreground.”
The dime got here from one of many 2.84 million proof units made by the San Francisco Mint in 1975. Every of the cash ought to have a mint mark figuring out the place it was made; on this case, an “S” for San Francisco. The mark must be simply above the date on the pinnacle aspect of the coin. An in depth look reveals that this dime has no such mark.
Collectors first acknowledged the “1975 No S Roosevelt Dime” in 1977. It rapidly turned what the Skilled Coin Grading Service (PCGS) calls “one of many nice rarities of the trendy period, with simply two identified specimens and a six-figure value.” In 1978, Illinois coin vendor Fred Vollmer bought a proof set containing one in all these dimes to a household of dairy farmers in Ohio.
The household purchased the proof set for $18,200. Sellers and collectors alike knew it contained a priceless uncommon coin, and the household thought of it a security web. The remainder is historical past: The coin was saved secret in a safe financial institution vault for over 40 years till the sisters who inherited it consigned it to GreatCollections. At public sale, the coin broke the earlier public sale file set in 2019 of $456,000 for a 1975 no-S Roosevelt dime.
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