1894-S Barber dime

Source: Wikipedia, the free encyclopedia.
Dime ($0.10)
United States
Value0.10 U.S. dollars
Mass2.50 g
Diameter17.9 mm (0.705 in)
Thickness1.35 mm (0.053 in)
Edgereeded
Composition90% Silver, 10% Copper
Years of minting1894
Obverse
Design
Lady Liberty with cap and cropped hair
DesignerCharles E. Barber
Design date1892
Reverse
DesignWreath circling the words "ONE DIME"
DesignerCharles E. Barber
Design date1892

The 1894-S Barber dime is a

Gimbels Department Store
, and purchased for $2.40.

History

In the first half of 1894, just 24

Barber series dimes were manufactured at the San Francisco Mint.[1][2] Why only 24 of the coins were minted is unknown.[1] The superintendent of the San Francisco Mint is said to have had them minted as gifts for some important bankers. Another theory is that the mint's annual audit showed a discrepancy of $2.40, so the dimes were struck to compensate for this.[1][2] Three of the dimes were said to have been given to the superintendent's daughter, who allegedly spent one on a dish of ice cream and sold the other two in the 1950s.[3]

Value

Due to the rarity of the coin and the mysteries surrounding its past, the 1894-S dime is one of the most valuable coins produced in the United States.[4] In the late 1990s, one of the remaining 1894-S dimes was bought for $825,000. Since then they have sold for $1,035,000 in 2005; $1.3 million also in 2005; and $1.9 million in 2007. At a January 7, 2016, auction by Heritage held during the Florida United Numismatists show, the finest known example, graded Proof 66 by Professional Coin Grading Service with a green Certified Acceptance Corp. sticker, sold for $1,997,500.[5][1][2] In August 2019, another coin was sold at a Stacks Bowers Galleries auction in Chicago, Illinois, for $1,320,000.[6] The buyer was Dell Loy Hansen, then the owner of Major League Soccer team Real Salt Lake.[7]

References

  1. ^ a b c d e Another sold at auction in Tampa Florida on January 7th 2016 for $1.7 million. "1894-S Barber Dime Sells for $1.3 Million at Auction". Scoop. Archived from the original on September 27, 2013. Retrieved August 1, 2013.
  2. ^ a b c d Rubenstein, Steve (July 26, 2007). "'I didn't eat and I didn't sleep' / Coin dealer flies dime worth $1.9 million to NYC". San Francisco Chronicle. Archived from the original on July 29, 2007. Retrieved August 1, 2007.
  3. ^ Blanchard and Company (21 February 2019). "Why Collectors Dream of Owning an 1894-S Barber Dime". CoinWeek.com. CoinWeek, LLC. Retrieved 21 September 2019.
  4. ^ "PCGS CoinFacts: Your Digital Encyclopedia of U.S. Coins". PCGS.
  5. ^ Roach, Steve (January 12, 2016). "Why is this 1894-S dime worth nearly $2 million? Demystifying the ice cream myth and understanding a rare U.S. coin". LinkedIn.
  6. ^ "1894-S Barber Dime. Branch Mint Proof-63 (PCGS). CAC". Stacks Bowers. Retrieved 2019-08-20.
  7. ^ Williams, David (2019-08-19). "A 125-year-old dime just sold for $1.32 million". CNN Style. Retrieved 2019-08-20.

External links

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