A spectacular 1975 dime with the face of President Franklin Delano Roosevelt recently sold for an amazing $506,250 at auction due to an incredibly unusual defect.
This unusual 1975 Roosevelt dime was sold in an online auction held by GreatCollections. It is now worth more than the only known example of this currency.
The rare charm of Roosevelt dimes without mint marks
The missing mint mark is the coin’s most distinguishing feature. Coins in the United States are often marked with an initial that indicates the mint from where they were made.
This dime was produced in San Francisco, which is known for manufacturing proof sets for collectors, and it should have had the ‘S’ mint mark. However, throughout the years, dies from the United States Mint’s main facility in Philadelphia have mistakenly deleted these identification symbols.
Renowned artist John Sinnock was responsible for designing the bust on the Roosevelt Dime, a coin that remains in circulation today.
Coins with such errors are highly sought-after rarities. Over the years, multiple instances of misstruck coins have been discovered from various years, including:
- 1968
- 1970
- 1971
- 1983
- 1990
These fascinating anomalies continue to capture the interest of collectors worldwide, making them prized additions to any collection.
The Journey of a Rare Coin
In the field of coin collecting, most modern faults are discovered during the manufacture process. However, this elusive coin escaped the mint and ended up in a proof set sold to a collector.
Its voyage continued, passing through the hands of a dealer before arriving with a farming family. Recognizing its potential value, this family also purchased the other known no-S 1975 Roosevelt dime, which they planned to use as a family nest egg.
In 2019, the other dime in this rare pair sold for an amazing $456,000. It later sold for more than $500,000 in a private deal. Meanwhile, the value of this coin has risen steadily, peaking at the sale’s end on October 27.
Collectors are excited about the chance of discovering more buried treasures. The San Francisco mint produced over 3 million proof sets in 1975, which contained the two known flaws. This raises the chance that other sets may also have this rare defect.
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