A Rare Dime Featuring Franklin D. Roosevelt Set For Auction: A Hidden Treasure Unveiled

A rare dime depicting President Franklin D. Roosevelt is set to go up for auction! This isn't just any ordinary coin; it tells a fascinating story of family, legacy, and unexpected value. Three sisters from Ohio stumbled upon this hidden gem, which had been concealed for decades, and they are about to discover just how precious it truly is.

Unbeknownst to them, the coin they inherited from their late brother is estimated to fetch over $500,000 when it goes to auction, as per Ian Russell, the president of GreatCollections. This online auction will culminate in October, with the potential for this dime to become a notable piece in the world of numismatics.

The dime, minted in 1975 in San Francisco, stands out as one of only two known examples that lack the "S" mint mark. This seemingly minor detail has made it highly sought after by collectors. In fact, another similar dime was auctioned for an astounding $456,000 back in 2019. Coin enthusiasts have long speculated about the whereabouts of the "no S" dime, and this recent discovery adds a thrilling chapter to its history.

Table of Contents

• The Discovery of the Rare Dime
• Historical Significance of the 1975 'No S' Dime
• The Upcoming Auction Event
• Impact on Coin Collecting and Valuation Trends
• Final Thoughts on the Auction and Its Implications

The Discovery of the Rare Dime

The journey of this rare dime began decades ago when the sisters' family, who worked as dairy farmers, purchased it for $18,200 in 1978. This amount was considered substantial back then, roughly equivalent to $90,000 today. They kept the dime hidden, viewing it as a form of financial security.

After years of their brother discussing the coin, one of the sisters finally encountered it last year. The moment was astonishing as she learned about its true value from Ian Russell. Her reaction was one of disbelief, questioning, "Is that really possible?" This moment highlights how hidden treasures can lie in plain sight, waiting for the right moment to be discovered.

Historical Significance of the 1975 'No S' Dime

Minted in San Francisco, the 1975 'no S' dime is a remarkable piece of American currency. Its rarity stems from a simple oversight—the absence of the "S" mint mark, which is usually present on coins produced at the San Francisco Mint. This single detail transforms the coin into a coveted collector's item.

Coin collectors and historians have long been intrigued by the mystery surrounding the "no S" dime. Most major collectors have never had a chance to see one, making its discovery even more exciting for the numismatic community. Ian Russell emphasized this rarity, noting that many enthusiasts are eager to get a glimpse of the dime before it goes to auction.

The Upcoming Auction Event

The auction is set to take place in October, and the anticipation is building. Before it goes to auction, the dime will be showcased at a coin show in Tampa, Florida. This exhibition will not only highlight the dime's historical significance but also generate buzz among collectors and investors alike.

As of now, bidding has already reached $250,000, indicating the high level of interest in this unique piece of currency. Russell commented on the excitement surrounding the auction, stating, "This is a very exciting coin for our company to auction." Given its historical importance, the auction is expected to attract attention from across the globe.

Impact on Coin Collecting and Valuation Trends

The discovery and auctioning of the 1975 'no S' dime could ignite a renewed interest in rare coin collections. Collectors may begin searching for other lost examples of this specific coin type, particularly within sealed 1975 proof sets rather than those that circulated in pockets.

Russell believes that this discovery could lead to a frenzy among collectors, as they seek to uncover hidden treasures akin to the rare dime. The excitement surrounding the auction may also influence the valuation trends of similar coins, creating a ripple effect in the market.

Final Thoughts on the Auction and Its Implications

The story of this rare dime is a testament to the unexpected treasures that can be found in family heirlooms. It serves as a reminder of the value that history can hold, often concealed in the most unlikely of places.

As the auction approaches, all eyes will be on this unique dime. Whether it fetches the anticipated amount or surpasses expectations, its journey underscores the rich tapestry of history that coins can represent. This event could mark a pivotal moment in the world of coin collecting, inspiring a new generation of enthusiasts.

In conclusion, the upcoming auction of the 1975 'no S' dime not only highlights the importance of preserving history but also the thrill of discovery. It's a reminder that sometimes, the most remarkable stories lie just beneath the surface, waiting for the right moment to shine.