Those who love coins, know that there is a story behind every single one they have in their collection. Apparently, the San Francisco Mint issued a set of proof coins back in 1975.
Six of these sets were sold for just 7 dollars. The story begins when it was announced that there was a mintage error in two of these dimes. They claimed that the “S” which stands for San Francisco was missing.
What happened to these rare coins?
Presumably, a family bought these dimes with the mission “S”. Needless to say this was an excellent purchase. Later on, two sisters inherited one of these 2 coins from their brother per AP news.
No one knows who these sisters are because they prefer to remain anonymous, which is fair enough. The good news is that this dime is expected to be sold for a staggering price in late October.
Experts claim that it could be worth $500,000 at the upcoming auction. So, if you have a coin collection you have recently inherited, look for minting errors that could make it incredibly valuable.
Why is this coin so valuable?
Although it is extremely rare because it does not have the “S” representing the place where it was minted, it is not the only relevant feature.
- From the very beginning, it was collectible
- it implies it was not in circulation
- uncirculated coins tend to be well-preserved
- the fact that the missing “S” was just in 2 of the dimes and not in all of them
- the fact that the other dime was sold for $497,000 in 20219 per AP news
- the value and the cost of living have increased, so collectors and investors may be eager to pay $500,000
So, it is time to wait and see the final value this dime reaches in the late October auction. If you have enough money to bid, get ready for this upcoming purchase.