Some coins are extremely valuable in coin collecting because of their rarity, historical importance, or minting errors. One such coin is the 1975 No S Proof Roosevelt Dime. It is expected to sell for over $500,000 at auction this October! But what makes this coin so special? Let’s dive in!
What Makes the 1975 No S Dime Unique?
The main reason this dime is so valuable is that it lacks the “S” mint mark. This mark shows that the coin was made at the San Francisco Mint. Because of this mistake, only two of these dimes are known to exist, making them extremely rare.
The Discovery of the 1975 No S Dime
A coin collector in California discovered the 1975 No S Proof Dime in the late 1970s. In 1975, the U.S. Mint made nearly 2.8 million proof sets, each with six coins, including the Roosevelt dime.
Proof coins are made with high detail and shine, typically only available to collectors. Normally, all proof coins have the “S” mark from the San Francisco Mint, but this dime was accidentally minted without it.
The first of the two known No S dimes was found in 1977 when a collector bought five proof sets. A magazine article about the find stirred up interest among collectors. Many years later, the second dime was found in a family vault.
Three sisters in Ohio inherited this dime, which their family bought in 1978 for $18,200 (around $90,000 today). This rare coin could now sell for up to $500,000 at auction!
Why Is the No S Dime from 1975 Worth So Much?
Several factors contribute to the high value of the 1975 No S Proof Dime:
- Rarity: Only two known examples exist, making it highly sought after by collectors and investors. In comparison, there are many other mistake dimes from years like 1968, 1970, and 1983.
- Minting Error: The missing “S” mark makes this coin a rare anomaly. It stands out among other proof coins.
- Condition: The dime is in excellent condition. Proof coins are usually well-preserved since they have limited circulation.
- Historical Significance: The coin tells a unique story about the U.S. Mint’s production processes and is a significant error in coin collecting history.
Previous Sales and Auction Expectations
The other known 1975 No S Proof Dime was sold at auction in 2019 for an incredible $456,000. That same coin was later sold privately for an undisclosed amount.
Experts believe that the second known 1975 No S Proof Dime could break records and sell for over $500,000 due to high demand and interest in rare coins.
Details of the Auction
The upcoming auction is hosted by GreatCollections and will end in late October 2024. The dime has attracted a lot of attention from both investors and collectors. Before the auction, it will be shown at a coin event in Tampa, Florida, allowing people to see this rare coin up close.
| Attribute | Details |
|---|---|
| Year of Mintage | 1975 |
| Mint | San Francisco |
| Error | Missing “S” mint mark |
| Condition | Proof, excellent condition |
| Number of Known Specimens | Two |
| Estimated Auction Value | Over $500,000 |
Conclusion
The 1975 No S Proof Dime is one of the most sought-after coins in the coin-collecting world. Its rarity, historical importance, and minting error make it an exciting piece for collectors. With only two known copies, its value is growing. As the auction approaches, excitement builds, and many expect this rare dime to sell for a record-breaking amount.
FAQ’s
What is the 1975 No S Proof Dime?
The 1975 No S Proof Dime is a rare coin that lacks the “S” mint mark, which indicates it was made at the San Francisco Mint. Only two known examples exist, making it highly valuable.
Why is this dime worth so much?
The 1975 No S Proof Dime is valued over $500,000 due to its extreme rarity, minting error (missing the “S” mark), excellent condition, and historical significance in numismatics.
When will the auction for the 1975 No S Dime take place?
The auction for the 1975 No S Proof Dime is set to end in late October 2024, hosted by GreatCollections. Before the auction, the coin will be displayed at a coin show in Tampa, Florida.