Rare Dime Sells for $1.6M+

The coin was minted in Nevada circa 1873

   

Rare Dime Sells for $1.6M+

A rare dime minted in 1873 was sold at an auction last week for an astounding $1.6 million. That amount comes before a 15% buyer’s fee, which means the final price of the coin came to $1.8 million, The Associated Press reports.

The coin — The 1873-CC “No Arrows” Liberty Seated dime, which was made in Carson City Nev. — went to an anonymous bidder at the American Numismatic Association convention.

Chris Napolitano, president of Stack’s Bowers Galleries, told the AP that the dime had many admirers.

“Generally speaking, in the coin auction business, you might get a couple of people fighting each other (as they bid),” Napolitano said. “On this one, we had four or five buyers over a million dollars. We had a fair amount of buyers pursuing it.”

Although $1.6 million is a pretty penny, it’s not the most money that’s been paid for a rare coin. In 2002, a 1933 Saint-Gaudens Gold Double Eagle coin was sold for approximately $7.5.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/rare-dime-sells-for-1-6m/.

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