A rare U.S. coin, the “1975 No S Proof Dime,” has achieved a new auction record, fetching $506,250 (Rs 4,26,74,091) at auction last night, as reported by GreatCollections auction house. Known for its rarity, the coin was mistakenly released without the “S” mint mark, making it one of the most coveted modern U.S. coin rarities.
After spending over 50 years in private hands, the 1975 dime was authenticated by the Professional Coin Grading Service (PCGS) and awarded a Proof-67 grade. Additionally, the Certified Acceptance Corporation (CAC) confirmed its authenticity, according to a press release.
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Numismatic experts Scott Schechter and Jeff Garrett, authors of ‘The 100 Greatest US Modern Coins’, frequently rank the 1975 No S Proof Dime as the top modern U.S. coin. Consigned to GreatCollections just two months ago, the dime was originally purchased in 1978 for $18,200 by an Ohio collector and his mother from the well-known Chicago dealer FJ Vollmer & Co. The recent auction price, over 30 times its 1978 purchase value, has solidified its status as a prized numismatic treasure.
“We received interest in this modern rarity from all over the world-serious collectors from Germany, Japan, and the UK, as well as collectors from the US-over 400 unique bidders were actively tracking the auction,” stated GreatCollections President Ian Russell. The dime is distinguished by its missing “S” mint mark, which would typically indicate it was minted in San Francisco. Only two known examples of this coin still exist.
“This is the Grail of modern coins, one that is missing from the Smithsonian, ANS, and ANA institutional collections. After spirited bidding, it was ultimately won by a long-time client of ours who appreciates rarities that infrequently appear on the market. His goal is for his family to own it for the next 46 years, similar to the seller’s family who consigned it to GreatCollections,” added Russell.
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