On October 28, 2024, a rare coin known as the 1975 No-S Proof Dime made headlines when it sold for an incredible $506,250 at a Great Collections auction. This remarkable dime has an interesting history, remaining in the same family since 1978, and it is one of only two known examples. Its impressive selling price shows just how much collectors and investors love rare U.S. coins, and it has set a new record for auction prices.
The Appeal of the 1975 No-S Proof Dime
The 1975 No-S Proof Dime is highly valued for its unique history and rarity. This coin was mistakenly made without the “S” mint mark, which usually indicates it was produced at the San Francisco Mint. For collectors, such mint errors are very rare and are highly sought after. The auction for this coin drew a massive 200 bids, showing how much interest it sparked among collectors and investors from all over the world.
Coin Details
| Feature | Description |
|---|---|
| Coin Name | 1975 No-S Proof Dime |
| Auction Date | October 28, 2024 |
| Auction House | Great Collections |
| Final Auction Price | $506,250 |
| Total Bids Received | 200 |
| Original Purchase Price (1978) | $18,200 |
| Grading | PCGS Proof-67 |
| Certification | Certified Acceptance Corporation (CAC) Approval |
Why Was This Coin So Valuable?
The 1975 No-S Proof Dime’s high value comes from its historical significance and rarity. The missing “S” mint mark makes it a unique piece in U.S. coin history. Coins like this one are graded by the Professional Coin Grading Services (PCGS), and this particular coin received a Proof-67 grade. It also has certification from the Certified Acceptance Corporation (CAC), which confirms its authenticity and quality, making it even more attractive to buyers.
A Record-Breaking Auction
This sale set a record price for rare dimes, nearly thirty times what the previous owners paid back in 1978. The coin was originally bought for $18,200 by a collector from Ohio and his mother, and it stayed in their family for almost fifty years. The final price of $506,250 shows the rising interest in rare coins and how their value can increase over time.
The Journey of This Rare Dime
After buying the dime in 1978, the Ohio family took great care to protect the coin for nearly five decades. In August 2024, they entrusted it to Great Collections, leading to the much-anticipated auction in October. When this rare dime hit the market, it attracted bids from collectors in Japan, Germany, and the United Kingdom, creating international excitement.
Why Modern Rarities Continue to Fascinate Collectors
The 1975 No-S Proof Dime shows how modern rarities attract collectors. Rare coins, especially those with unique features like mint errors, are highly desirable because of their historical significance and potential for investment. The growing interest in this dime reflects wider trends in the collectible market, where scarcity and certification can drive prices to new heights.
In conclusion, the 1975 No-S Proof Dime auctioned for $506,250 highlights the deep interest in rare coins. Its unique history and rarity make it a significant piece in the world of coin collecting. As collectors continue to seek out exceptional coins, the market for these treasures is likely to keep growing.
FAQ’s
What is a No-S Proof Dime?
A No-S Proof Dime is a special type of dime that was made without the “S” mint mark, which is typically found on coins made in San Francisco. This error makes it very rare and valuable.
How many 1975 No-S Proof Dimes are known to exist?
There are only two known examples of the 1975 No-S Proof Dime, making it extremely rare and sought after by collectors.
Why do rare coins increase in value over time?
Rare coins can increase in value due to their scarcity, historical importance, and collector demand. As more people become interested in collecting coins, prices can rise significantly.