Owned by the identical household since 1978; one in all two identified examples
One of the well-known trendy U.S. coin rarities, over 200 bids had been obtained for a 1975 No S Proof Dime at GreatCollections final night time. Launched with out the “S” mintmark, this fabled Proof error realized $506,250, setting a brand new all-time public sale document nearly 30 instances what the consignor’s household paid for the coin 46 years in the past.
The rarity was authenticated by Skilled Coin Grading Service (PCGS) and graded PCGS Proof-67. It has additionally been authorized by Licensed Acceptance Company (CAC).
The 1975 No S Proof Dime is routinely ranked by numismatic professionals and collectors because the #1 trendy concern of the United States, together with the 100 Biggest U.S. Fashionable Cash e book by Scott Schechter and Jeff Garrett.
In 1978, an Ohio collector and his mom bought the coin from well-known Chicago seller F.J. Vollmer and Co, Inc. for $18,200 and held it for nearly 50 years earlier than consigning it to GreatCollections two months in the past.
“We obtained curiosity on this trendy rarity from all around the world – severe collectors from Germany, Japan, and the U.Okay., in addition to collectors from the U.S. – over 400 distinctive bidders had been actively monitoring the public sale,” stated Ian Russell, president of GreatCollections. “That is the Grail of contemporary cash, one that’s lacking from the Smithsonian, ANS, and ANA institutional collections. After spirited bidding, it was finally received by a long-time shopper of ours who appreciates rarities that occasionally seem available on the market. His purpose is for his household to personal it for the following 46 years, just like the vendor’s household who consigned it to GreatCollections,” continued Russell.
The GreatCollections public sale final night time included over 4,000 licensed cash and banknotes leading to gross sales of $3.13 million. Different highlights included a 1955 Doubled Die Lincoln Cent, alternatives from a Liberty Seated Dime selection assortment, a serial primary Crimson Seal Nationwide Banknote from Kelso, Washington, and a powerful 104-pound Yap Stone.
The U.S. Mint produced 2.84 million proof units in 1975 with the “S” mintmark, signifying they had been minted on the San Francisco Mint. Solely two units have been found containing the dime with out the “S” mintmark. The identical individual found each units in California, and bought them to Vollmer in 1978 and 1979.
The one different identified instance has appeared twice in public sale, as soon as in 2011 when it realized $349,600 and once more in 2019, when it realized $456,000.
After the 1975 No S Proof Dime and different gross sales in October, GreatCollections auctions in November embrace extra highlights from the Coronado Assortment of Crimson Seal Serial #1 Nationwide Banknotes, uncommon gold cash from the Hovering Eagle Assortment, the Norwalk Assortment of Half {Dollars} by Overton varieties, and the Fanger Assortment of Morgan {Dollars} in Rattlers (Outdated Holders).
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