Due to its very rare error, a remarkable 1975 dime with a portrait of President Franklin Delano Roosevelt recently sold at auction for an amazing $506,250.
This one-of-a-kind 1975 Roosevelt dime was bought and sold at an online auction run by GreatCollections. It is now worth more than the only other known example of this coin.
The rare charm of Roosevelt dimes without mint marks
The missing mint mark is what makes this coin stand out. When you buy coins in the US, they usually have an initial on them that shows which mint made them.
This dime was made in San Francisco, which is known for making proof sets for coin collectors. It should have had a “S” mint mark on it. But for a few years, dies from the U.S. Mint’s main facility in Philadelphia forgot to include these identifying marks.
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
When it comes to coin collectors, most mistakes today are found during the production process. But this hard-to-find coin got away from the mint and was found in a proof set that was sold to a collector.
It continued its journey and ended up with a farming family after being owned by a dealer. This family bought the other known no-S 1975 Roosevelt dime because they thought it might be worth something and planned to use it as a family savings account.
In 2019, the other dime from this very rare pair was sold for a huge $456,000. Not long after that, it sold privately for more than $500,000. In the meantime, this coin’s value kept going up until it reached its highest point at the end of the sale on October 27.
For collectors, the thought is exciting: there may be more hidden gems waiting to be found. The two known mistakes were found in proof sets. In 1975, the San Francisco mint made almost 3 million of these sets. This means that this rare mistake could be present in other sets as well.
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