Inherited coin makes siblings rich: Specially minted in 1975

Three sisters living in the US were stunned when they learned the value of a coin they had inherited. It was discovered that the coin is worth 500,000 dollars (17 million Turkish lira).

The three sisters, who live in the US state of Ohio, inherited a coin that had been kept in a bank vault for more than 40 years and which they knew was valuable. They learned just how high the coin's true value was a few years ago.

ITS VALUE COULD EXCEED 500,000 DOLLARS

An extremely rare coin minted by the US Mint in San Francisco in 1975 has a value that could exceed 500,000 dollars in an online auction conducted by GreatCollections, presided over by Ian Russell. Russell stated that this coin is a dime (a 10-cent coin) that lacks the San Francisco “S” mint mark and is one of only two known examples. The other example was sold in 2019 for 456,000 dollars and was offered for sale again by a private collector a few months later.

Serious coin collectors had long been aware of the existence of these two rare coins, but their whereabouts had been unknown since the late 1970s.

OVER 2.8 MILLION SPECIAL MINTINGS

“They had been hidden for decades. Most major collectors and dealers have never seen one,” Russell said. The mint in San Francisco produced over 2.8 million special “proof” sets in 1975, and these sets contained six coins. The sets were sold for 7 dollars. A few years later, collectors discovered that two dimes in the sets were missing the mint mark.

The three sisters from Ohio inherited one of these two rare coins following the death of their brother. They stated that their brother and mother had purchased the first error coin in 1978 for 18,200 dollars, an amount that would be worth approximately 90,000 dollars today. The family viewed this coin as a financial safety net.

TO BE EXHIBITED AT A COIN SHOW

One sister said that her brother often talked about the rare coin, but she only saw it in person last year. Russell contacted her about the coin seven years ago and eventually revealed its potential value. Russell recounted that one sister asked, “Is this really possible?”

Now, the coin, known as the “1975 ‘No S’ Proof Dime,” will be exhibited at a coin show in Tampa, Florida, on Wednesday, and the auction will conclude at the end of October.

News Source: 12punto