Have you ever wondered if the coins you’ve been collecting could actually be worth a fortune? Well, you might be in for a surprise! One rare coin, a 1975 “No-S” Proof Roosevelt dime, was once sold for an astounding $516,000.
This sale took place in 2019 at a Heritage Auctions event, breaking a previous record. Before you start searching your coin jar, though, there are a few important things to know.
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The 1975 “No-S” Proof Roosevelt dime is incredibly rare — with only two ever known to exist. Your chances of finding one? About 1 in 1.4 million. Why is this dime so special?
For one, it’s missing the “S” mintmark, a small letter that indicates where the coin was made. Without this mark, it becomes a valuable error coin.
Experts believe this error could have been a deliberate act, possibly by someone working at the U.S. Mint at the time. But regardless of how it happened, this kind of mistake wasn’t common.
Out of the millions of coins made in 1975, only two of these error dimes have been found.
Interestingly, similar mistakes happened in earlier years. Other “No-S” Proof coins from the Roosevelt dime series were minted in 1968, 1970, and 1983.
These errors, though rare, show that the U.S. Mint occasionally had its slip-ups.
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While it’s exciting to imagine finding a valuable coin like this, be careful. Some sellers might try to convince you they’ve got a rare 1975 Roosevelt dime, but they may be passing off ordinary coins as collector’s items.
If you’re in the market, make sure you’re buying from a trusted source. As the saying goes, “Buyer Beware.”