This dime is worth a mint.
Three Ohio sisters who inherited an incredibly rare ten-cent piece that had been hidden away by their family for more than four decades could earn more than $500,000 after it was revealed that the coin is incredibly rare.
The dime, struck by the U.S. Mint in San Francisco in 1975, is so valuable because it is one of only two dimes to lose the “S” mark for San Francisco, according to Ian Russell, president of the Great Collection, which specializes in the currency and manages the coin’s online auction.
While many serious coin collectors have known about the two rare dimes for years, their whereabouts have remained a mystery.
“They were hidden for decades,” Russell said. “Most major collectors and dealers have never seen one.”
Another rare coin with a missing “S” mintmark sold for $456,000 at auction in 2019 and then sold again months later to a private collector.
The San Francisco mint produced more than 2.8 million special obsolescent “proof” sets in 1975, with six coins that sold for $7. However, after a few years collectors realized that two dimes from the set did not have a mint mark, making them extremely rare.
The Ohio sisters inherited one of the two dimes after the recent death of a brother who bought the coin with his mother in 1978 for $18,200, which would be about $90,000 today.
His parents, who ran a dairy farm, saw the valuable coin as a financial safety net, Russell said.
A sister told Russell that her brother often talked about the coin, but she had never seen it until last year.
Russell, whose company is based out of Irvine, California, had been in contact with his brother years before and saw the value.
Now, the coin will be displayed at a coin show starting Wednesday in Tampa before it closes in October, Russell said.
With post wire.
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