The world of coin collecting is full of fascinating stories, and one of the most intriguing is that of the Great Johnson Dime. Minted in 1894, this rare coin is not only a piece of history but also a highly sought-after collectible with a value that can reach $1.3 million. In this article, we will explore the history, significance, and allure of the Great Johnson Dime, a coin that continues to captivate collectors worldwide.
What is the Great Johnson Dime?
The Great Johnson Dime is a Barber Dime, a coin that features the classic design of Lady Liberty on one side and an eagle on the reverse. What makes this particular dime so special is its rarity; only 24 of these dimes were minted, and only a handful are known to exist today. This limited availability adds to its value and allure among collectors.
Historical Context
The Great Johnson Dime was minted in the midst of significant changes in American coinage. The Barber Dime series, designed by engraver Charles E. Barber, was produced from 1892 to 1916. During this time, the U.S. Mint was experimenting with various designs and metals, which ultimately led to some interesting and rare coins. The 1894 minting year is particularly significant because it produced some of the rarest Barber Dimes in existence.
The story behind the Great Johnson Dime is tied to a notable collector named Dr. William H. Johnson, who was an avid numismatist. Dr. Johnson played a crucial role in the coin’s legacy and value, as he was known for his commitment to acquiring and preserving rare coins. His passion for coin collecting brought attention to this specific dime, helping it gain recognition among collectors.
Why is the Great Johnson Dime So Valuable?
Several factors contribute to the Great Johnson Dime’s value:
Rarity
With only 24 coins minted, the 1894 Barber Dime is one of the rarest coins in American history. The fewer coins that exist, the higher the demand and value among collectors.
Historical Significance
The Great Johnson Dime is a key piece in the narrative of American numismatics, representing not just the artistry of coin design but also the evolution of U.S. currency during the late 19th century.
Condition
The condition of a coin plays a crucial role in its value. The better the condition, the more it is worth. Coins like the Great Johnson Dime are graded based on their preservation, and those in excellent condition can command higher prices.
Notable Provenance
The coin’s connection to Dr. William H. Johnson adds an extra layer of significance. A coin that has a rich history or was owned by a prominent figure can be more desirable to collectors.
The Auction and Market Value
The Great Johnson Dime has sold at auction for impressive sums, with one notable sale reaching around $1.3 million. The price reflects the coin’s rarity, condition, and the intense competition among collectors who want to own a piece of history.
| Coin Name | Year | Estimated Value (USD) | Notable Features |
|---|---|---|---|
| Great Johnson Dime | 1894 | $1.3 million | Only 24 minted, tied to collector Dr. William H. Johnson |
Conclusion
The Great Johnson Dime is a remarkable piece of numismatic history that embodies the passion and excitement of coin collecting. With its limited mintage, rich historical context, and the aura surrounding notable collectors like Dr. William H. Johnson, this dime stands out as one of the most valuable and coveted coins in the world. Collectors are always on the lookout for rare coins like the Great Johnson Dime, not only for their monetary value but also for the stories they tell about our past. Owning such a coin is more than just having a piece of currency; it’s about preserving a piece of history that continues to inspire and captivate new generations of collectors.
FAQ’s
What is the Great Johnson Dime?
The Great Johnson Dime is a rare Barber Dime minted in 1894. It is valued at approximately $1.3 million and is notable for its limited mintage, with only 24 coins produced.
Why is the Great Johnson Dime so valuable?
Its value comes from its rarity, historical significance, excellent condition, and its connection to Dr. William H. Johnson, a prominent coin collector who contributed to its fame among collectors.
How many Great Johnson Dimes are known to exist?
Only a few specimens of the Great Johnson Dime are known to exist today, making it one of the most sought-after coins in the world of numismatics.