The most valuable United States modern coin ever sold at auction.................
1630Boston
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Record-Breaking 1975 No S Proof Dime Changes Hands Twice In Less Than A Week
The most valuable United States modern coin ever sold at auction, a 1975 proof No S dime, changed hands twice in less than a week, both times for record prices.
The record-setting 1975 No S proof Roosevelt dime graded PCGS PR68. (Photo courtesy of Professional Coin Grading Service www.PCGS.com.
The finer of the two known 1975 proof dimes without the San Francisco S mint mark was jointly purchased on September 6, 2019 for $456,000 by modern coin specialist Mitch Spivack along with his son, Justin, owner of MonsterCoinMart in Orange County California, and with collector Steven Heller also as a partner on the deal. They then sold it five days later through agent Nick Cascio for $516,000 to an avid Roosevelt dime collector who wants to remain anonymous.
More here from coinnews.net http://www.coinnews.net/2019/09/17/1975-no-s-proof-dime-changes-hands-twice-in-less-than-a-week/
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Comments
Not bad, $60K profit in five days....Cheers, RickO
Here's the link to the original thread on the subject https://forums.collectors.com/discussion/1025702/press-release-on-the-1975-no-s-roosevelt-dime-on-monstercoinmart-com#latest
I'm opening the shop again.
way to go @wondercoin
I just can't get excited about a Roosevelt dime. Just think of what else you could buy for that amount of money.
You can say that about anything. $4 million for a 1913 liberty nickel? What else could you buy?
Even if it was a bargain. $100,000 for a 1913 Liberty Nickel? Imagine what else you could buy for that amount of money.
I tend to think that for pretty much all U.S. coins. U.S. Coins have a higher premium than much rarer coins from other countries, even large countries like UK or France or Germany.
Never argue with the market. The market is always King.
what is the most valuable non-error/die variety Modern US coin??
THIS - what I am posting now - IS A JOKE!
It would be hilarious to me if the Devil
made a professional coin grader post something like this: "Be careful, we just certified a dozen of the "No S" dimes still in the sets. 3 graded PR-70 Cam, 7 graded PR-69 Cam, and 2 were Cam 68's." 
This is NOT a joke, just an opinion: After some publicity, I really believe more of these coins are to be discovered in the next few years
Wouldn’t you have thought the same, years ago, when the coin sold previously (and been wrong)?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes, it would have been a valid post when the first was reported and my "sick" mind would have thought how funny the post would be back then also! Oh. and I would have been wrong.
We'll see...
IMHO, the majority of proof sets are bought by non-collectors and remain in the family for at least one generation. Grandpa is now up in years. After you and I are gone, I expect the pop will be at least a half dozen with more to be found. OTHERWISE, I have always suspected (something that I would do for sure
) that the Mint would produce a half dozen or so "one-offs-anomalies" on purpose to spur excitement and sales.
If I'm buyer #2 I'm asking myself where I was a week prior. Cost him/herself $60k.
You can’t know that unless you know what the winner’s maximum bid was.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Could have bid it up to what he/she paid Wondercoin at a minimum and either eliminated the middleman or Wondercoin stuck with it if higher than buyer #2 wanted to pay.
True, but the point is that he might not have cost himself the $60,000 you mentioned. For all we know, he cost himself nothing at all or even saved himself something.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Besides there are millions of these set aside so who knows how many will be found?
I just bought two dozen donuts for the office this morning. Think what else I could have bought for the money.
Oh, never mind, I'll bet the new owner of the dime gets as much enjoyment from his dime as I did from the three jelly donuts I ate. Hummm, maybe not.
Someone on the boards should buy one of these. When you find one, don't forget your good friend over here!
https://www.ebay.com/itm/1975-Proof-Set-Sealed-Unopened-Box-of-5-Complete-as-Shipped-by-US-Mint/372766417818?hash=item56ca9c239a:g:bFMAAOSw-XVdVdoo
Perhaps, Mr. Hansen's agent should buy them all. $112 is chump change. Hopefully, one of the boxes will contain five error dimes! Then they can keep quiet, slab the best one and hold the rest to use for coins he needs.
“True, but the point is that he might not have cost himself the $60,000 you mentioned. For all we know, he cost himself nothing at all or even saved himself something.”
One must keep in mind that at this level, each bid adds $24,000 to the price of the coin and a handful of bids later that jumps to $30,000 for each bidding increment. I will not detail our bidding strategy employed for this coin, but rest assured there was one. And, whomever bid the next bid (had that have even happened, which it didn’t) would not have even been the high bidder on the dime. Hence, one can see how quickly $60,000 or even $100,000 disappears at $24,000-$30,000 bidding increments. Let’s just say Mark has “hit the nail on the head”.
Wondercoin
Out of my league but thanks so much for the explanation
Boston MDCXXX
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Congrats on the sale!
Latin American Collection
Wow!
I come home from an auction and the standing joke is that I turned $600 into 3 dollars and 12 cents. In this case you coulda got really decent house for that dime.
Congrats!!!
May be taking a hobby way too seriously. Congrats on the sale.
I talked to Fred Volmer about these shortly after he bought them. My interest was low (at that time) so i might not remember well but I believe he bought them from someone in Illinois who said they were found in California. This was back in July of '79, I believe. Sets were shipped by zip code in those days so all or most of these would probably appear in a relatively small geographical area.
Volmer's interest was natural since he dealt in a lot of proof sets and had found dozens of no-S sets of other dates over the years (more than anyone else I know). He figured this set was so old there couldn';t be many more found. The '75 dime used to be listed with the other no-S coins but it was largely dropped in the '80's.
More could, of course be found but after all this time it seems improbable that more than a couple more batches would show up. Most sets were ordered in lots of "5" in those days so a "batch" would probably consist of one to three coins in a lot of "5".
It seems highly improbable more than about six more of these will ever be known. Indeed, since the population of these sets has been whittled down so much the upper limit is as low as four. I'd be a little surprised if more than two more show up in the next twenty years. These were obviously caught in production and at least two were overlooked or intentionally released by a jokester.
Everyone I know who collects moderns watches for these. I pay particular attention in California and Illinois.
During our conversation about these I found a '66 mint set with a quarter that appeared to have been struck twice! It was the first potentially proof SMS I had ever seen. We also talked about whether or not the '75 P & D dimes would be overlooked by speculators. They were. Now the mint set dimes are tarnished so finding pristine examples of this date is always going to be tough. He let me go through his mint sets to pick Gems. It was easier in those days.
It's a small world really.
Great. Now, (we) dealers are going to get dozens of calls in the shop from people having one for sale.
And they will insist they have one.
And they will have one...
of these:
... and who is going to have to explain it again, and again ?
Still... this is great news. The Red Book needs updating.
....except it will be XF.😄
I deal with a similar issue around 15x a week regarding my Unique 1976 No S Ty 2 Proof Silver Ike Dollar. The many YouTube videos on the Ike are not clear enough in explaining proof vs. Mint State to the novice coin collector. I will probably need to do a video myself when I get some free time.
Wondercoin