A dime worth $850,000? It might sound like a tall tale, but it’s a reality in the numismatic world, where collectors will pay enormous sums for unique and rare coins. Two such dimes—the 1894-S Barber dime and the 1975 No-S Roosevelt dime—have achieved legendary status, each selling for breathtaking amounts at auctions. In this article, we’ll dive into the fascinating stories behind these valuable coins, what makes them so special, and how to determine if you might have one of these treasures.
The 1894-S Barber Dime: A Legendary Rarity
The 1894-S Barber dime is often called the “crown jewel” of U.S. coins. Struck at the San Francisco Mint in 1894, only 24 of these coins were minted, likely as a special issue or to balance mint accounts. Of these, only nine are confirmed to exist today. This coin’s rarity and mystique make it one of the most desirable in the world. In top condition, the 1894-S Barber dime has fetched over $1.5 million, with slightly lesser examples still commanding $850,000 or more. To identify this coin, look for the “S” mintmark below the wreath on the reverse side and the year 1894 on the obverse.
The 1975 No-S Roosevelt Dime: A Modern Marvel
Unlike the Barber dime, the 1975 No-S Roosevelt dime is a product of a minting error. These coins were intended to be proof coins from the San Francisco Mint, which means they should bear the “S” mintmark. However, a small number of dimes were mistakenly struck without the “S,” creating one of the rarest modern coins in U.S. history. With only two confirmed specimens, this error coin has become the ultimate find for modern collectors. A 1975 No-S Roosevelt dime sold for $456,000 in 2019, and experts predict that a perfect example could reach or exceed $850,000 in future auctions.
The 1894-S Barber dime and the 1975 No-S Roosevelt dime illustrate the magic of coin collecting, where tiny coins can hold immense historical and monetary value. Whether you’re a seasoned collector or someone with a stash of old coins, these stories remind us of the treasures that may lie hidden in plain sight. Check your proof sets and collections—your next discovery could make headlines.
FAQ’s:
1. Why are these dimes so valuable?
Their extreme rarity and desirability among collectors drive their value. The 1894-S Barber dime’s tiny mintage and the 1975 No-S Roosevelt dime’s minting error make them highly sought after.
2. How can I identify the 1975 No-S Roosevelt dime?
Look for the absence of the “S” mintmark on a 1975 proof dime. These coins were only part of proof sets, not general circulation.
3. Where can I sell a rare dime?
Rare dimes are typically sold at high-end auctions, through reputable coin dealers, or directly to collectors after proper authentication.
4. How do I authenticate a rare dime?
Submit it to a professional grading service like PCGS or NGC for verification, grading, and certification.
5. Are there other rare dimes worth searching for?
Yes, coins like the 1983 No-S Roosevelt dime and other Barber dimes from specific years also fetch high prices at auctions due to their rarity.
