$0.10 Coin Hits $295,000 at Auction – Why Investors Are Battling To Buy a Single US Dime

Bidders have pushed the price for a rare US dime to a staggering $250,000 – and they’re likely just getting started.

If past is prologue, the online auction for this 1975 dime will close at more than half a million dollars when it ends on October 27th.

The rare dime is missing the letter “S”, which is used to show the coin was minted in San Francisco.

The coin for sale was found in California by a collector who bought five proof sets from the U.S. Mint.

Just two 1975 dimes in existence are known to contain this error.

“The only other example was sold by the same California collector to Vollmer in 1979, and had not been seen on the market until appearing in a 2011 auction. It realized a then-record $349,600 and was acquired by a Florida dermatopathologist named Poulos, who collected major rarities.

Poulos unexpectedly passed away in 2019 and his collection was auctioned, where the coin realized $456,000. Within days, the coin sells for $516,000 to a Roosevelt Dime collector, who currently has the only complete collection of this series.”

Through the years, there have been six instances of the U.S. Mint mistakenly releasing “No S” Proof dimes – 1968, 1970, 1971, 1975, 1983 and 1990.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney