Introduction
A common dime, that’s all, just stepped into history, fetching a dizzying $506,250 at auction the other day. That astronomical sum paid for an extremely scarce 1975 No-S Proof Roosevelt dime – only six are known to exist.
The Roosevelt dime has a unique place in US numismatics. First minted in 1946 to commemorate the life of President Franklin D Roosevelt, these dime-sized coins have since become regular US currency. But of the billions of Roosevelt dimes circulating, a few are notable for their scarcity and historical value.
For collectors of rare coins, there could not be a time when it is more thrilling to collect, as proven by this latest sale through GreatCollections, where small differences in minting make any ordinary pocket change into something worth. Collectors and investors both know how important those details can be in making them identify and appreciate such numismatic gems.
This is one of the dimes that prove how precious rare coins are and how they can serve as a representation of both history and significant monetary value.
1975 No-S Proof Roosevelt Dime
One interesting exception in the history of the Roosevelt dime is known as the 1975 No-S Proof Roosevelt Dime. It’s interesting because, just like standard proof dimes minted in San Francisco, they lacked a mintmark bearing the “S” symbol. Perhaps the most interesting aspects of these proofs are:
- Consistent opinions
- Very clear outline.
Frosting design elements Missing “S” mintmark under Roosevelt’s head 2.8 million proof dimes were produced in 1975 by the U.S. Mint and as of today, only six have been found missing their “S” mintmark. The coins had been packaged in proof sets for America’s bicentennial, sold initially for $7 a set.
Myths and legends in the rare coin world:
Proof coins and error varieties have strengthened especially within the rare coin market, so strength through 2023 is driven. The digital has drastically altered collecting dynamics to spike online auctions and virtual trading communities.
A Record-Breaking Sale: The 1975 No-S Proof Roosevelt Dime at Auction
The recent Great Collections auction staged a new record event in the coin collecting world. Bidding started at the famous point of $1 and the authentic and unique, untouched since 1975, uncovering of truth ensued amongst excited collector representatives thanks to one fortunate Ohio family.
The collected sum at the auction of $506,250 no other has done before:
The highest a Roosevelt dime has ever been valuedA 7,232,042% return on the proof set investment of the original $7The second-highest price achieved for any modern U.S. coin error
The meteoric sale was fascinating the numismatic authorities of various coin firms. John Brush, a distinguished coin dealer said that, “though some may think profits from the coin market have passed us by, the occasion is a part of numismatics’ enduring appeal.” The coin’s ANACS PR68 grade certification really did it – it was part of a set that way back in 1975 cost $7.
The auction house claimed that there were bids from 16 distinct collectors, and it was interpreted as the overwhelming desire for treasury marvels. The first prize went to a private collector that has a collection of rare mint errors and proof coins.
This is an amazing instance in which modern U.S. coin values can reach very high prices, especially for mint error pieces and proofs that have been authenticated.
Conclusion: The Allure and Value of Numismatic Curiosities like the Roosevelt Dime
The $506,250 sale of the 1975 No-S Roosevelt dime attributes to the fact that the rare coin is still a highly sought-after item by the coin enthusiasts community. The collectors community is the talk of the town and thus the fascination for coin collection with on-point returns on investments arises.
The rare coin segment has been galloping forward and collectors who realize that the intrinsic worth comes from provenance, rarity, and symbolism are the partners in this catalysis.
The adventure of the Roosevelt dime from a seven dollars proof set to a half-million dollars auction piece is a first-rate indicator of the potential suddenly disclosed in numismatics investments.