What’s tiny, shiny, and worth more than your entire networth?
A dime! Yes a good ol' dime!
Ok, ok, not any dime!
This is one of those occasional crazy auction stories I like to share.
So, a few days ago on October 27 the following coin exchanged hands with a winning bid of $506,250:
What makes this coin so special and rare is that it misses the "S" mark indicating it was struck in San Francisco.
Only two of these dimes are known to exist today and it is regarded as one of the rarest if not the rarest modern error coins.
This is the Grail of modern coins, one that is missing from the Smithsonian, ANS and ANA institutional collections source
In total there were over 200 bids from collectors all over the world, including Germany, Japan, U.K. and of course the U.S.
The previous owners had acquired the coin about 50 years ago in 1978 for $18,200. Even with inflation adjusted that is a pretty good profit. Not as good as buying btc in 2010 but close enough 😂
Reportedly, the new owner plans to hold it for the exact same amount of years as the previous one before putting it out in the market.
So yeah. Crazy. Over half a million for a tiny little dime.
Really makes you wonder how filthy rich some of these collectors are if they are willing to burn so much money for just one silver coin. Rare as it may be!
Here's a link to the story if you'd like to read more on it
Fun Numismatics Posts
Enjoyed the post? Here is some more fun silver/numismatics themed content I have written in the past that you may enjoy:
And don't forget to join me in the silver gold stackers discord where I hang around! We are a fun bunch, I promise! Just click here!
