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Homeweb3.0Sisters to auction rare dime worth more than $500K they inherited from their brother

The extraordinarily rare coin, struck by the U.S. Mint in San Francisco in 1975, could bring more than $500,000

Sisters to auction rare dime worth more than 0K they inherited from their brother

Three sisters from Ohio who inherited a dime kept in a bank vault for more than 40 years knew it had some value.

But they had no idea just how much until just a few years ago.

The extraordinarily rare coin, struck by the U.S. Mint in San Francisco in 1975, could bring more than $500,000, said Ian Russell, president of GreatCollections, which specializes in currency and is handling an online auction that will end in October.

What makes the dime depicting President Franklin D. Roosevelt so valuable is a missing “S” mint mark for San Francisco, one of just two without the mark known to exist. The other one sold at a 2019 auction for $456,000 and then again months later to a private collector.

While serious coin collectors have long known about the existence of these two rare dimes, their whereabouts had remained a mystery since the late 1970s.

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“They were hidden for decades.” Russell said. “Most major collectors and dealers have never seen one.”

The mint in San Francisco made more than 2.8 million special uncirculated “proof” sets in 1975 that featured six coins and were sold for $7. Collectors a few years later discovered that two dimes from the set were missing the mint mark.

The sisters from Ohio who inherited one of those two dimes after the recent death of brother want to remain anonymous given their sudden windfall, Russell said.

They shared with Russell that their brother and mother in 1978 bought the first error coin discovered for $18,200, which would amount to roughly $90,000 today. Their parents, who operated a dairy farm, saw the coin as a financial safety net.

其中一位姊妹說她哥哥常常談論這種稀有的硬幣。但直到去年她才親眼目睹。

拉塞爾的公司位於加州歐文市,他說他們的兄弟大約七年前聯繫了他,並最終告訴了他有關硬幣的事情。他也保守了這個秘密。

幾年前,當拉塞爾告訴其中一位姐妹有關硬幣的潛在價值時,他說她說「這真的可能嗎?」

拉塞爾說,現在這枚被稱為“1975 年'無S'證明一毛錢”的硬幣將於週三開始在佛羅裡達州坦帕舉行的硬幣展上展示,並在10 月底拍賣結束之前進行。

雖然有可能存在更多稀有 10 美元硬幣的例子,但它們只能在 1975 年的“精製”套裝中找到,而不是在任何人的零錢中,拉塞爾說。

不過,他預期這項最新發現將引發大量搜尋。

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