Discover why this rare dime might fetch 500,000 at auction in October

Discover why this rare dime might fetch 500,000 at auction in October

People who gather coins know that each one has a story behind it. It looks like the San Francisco Mint put out a set of test coins in 1975.

It only cost $7 to buy six of these sets. It was reported that two of these dimes were made wrong, which is where the story starts. They said the letter “S,” which stands for “San Francisco,” was missing.

What happened to these rare coins?

It’s likely that a family bought these dimes with the goal “S.” It goes without saying that this was a great buy. According to AP news, one of these two coins was given to two sisters by their brother.

No one knows who these sisters are because they’d rather not be known, which is fine. In late October, this dime is likely to sell for a crazy high price, which is good news.

A lot of people think it could fetch $50000 at the upcoming sale. So, if you just got a bunch of coins as an inheritance, check them for mistakes that could make them very valuable.

9 Of The World's Most Valuable Coins | Bankrate
Source google.com

Why is this coin so valuable?

It is very uncommon because it doesn’t have the “S” that stands for the place where it was made, but that’s not the only thing that makes it important.

  • From the very beginning, it was collectible
  • It implies it was not in circulation
  • Uncirculated coins tend to be well-preserved
  • The fact that the missing “S” was just in 2 of the dimes and not in all of them
  • The fact that the other dime was sold for $497,000 in 20219 per AP news
  • The value and the cost of living have increased, so collectors and investors may be eager to pay $500,000

Now we have to wait and see how much this dime sells for at the sale in late October. Get ready to buy this thing if you have enough money to bid.

Also See:- On this date, check your bank account as $1,920 in Social Security payments are scheduled to be issued