A dime that sold at auction Thursday evening for almost $2 million is being called one of the “iconic rarities in the rare coin market.” The quote, from David Hall, the co-founder of Professional Coin Grading Service of Santa Ana, Calif., refers to a 1894-S dime was struck at the San Francisco Mint.
The AP reports that only 24 of the coins were made, with the U.S. in a recession that year. Of the 24, only nine are believed to still exist. The coin sold Thursday for $1,997,500 to a veteran collector who outbid 15 other people.
“A couple of coins have been known among the rarest of the rare for 100 years and this is one of those numismatic icons,” said Hall, adding that the dime is in “spectacular condition, almost perfect.”