Carson mint dime sold for $891,250
A Reno man paid $891,250 for a dime and said he got a bargain.
The dime, minted 131 years ago at the Carson City Mint, is the only one known to exist. Its official name is the “1873-CC Without Arrows Dime,” and it’s back in Nevada.
It could possibly be back at the mint for the annual coin show in August if security and insurance issues can be overcome, said collector and coin owner Rusty Goe.
“It’s been gone 131 years,” Goe said. “When we take it back to the mint, it will be the first time it has returned home in 131 years.
“I can’t think of any experience as a coin dealer better than this – dreaming of owning the rarest coin, then having your dream fulfilled.”
Nevada State Museum Curator of History Bob Nylen also said he is thrilled to see the coin return to Nevada.
“It’s hard to have this sink in, that in my lifetime it is back in the state. It’s amazing. I’m at a loss for words.”
Goe, who owns Southgate Coins in Reno with his wife, Marie, purchased the dime at a public auction in Baltimore on Friday.
“It’s the record price for any dime made in the U.S.,” he said. “It’s the most expensive dime ever sold in the U.S.” The next closest price paid for a dime, minted in San Francisco – an 1894-S dime – was $825,000. There are at least nine known to exist.
“This is the only example known for this date,” Goe said. “So in relative terms there is no question it is a bargain.”
The rarest nickel, a 1913 Liberty Head, of which there are five known specimens, recently sold for $3 million.
“Put that in perspective with our dime, and we say ‘Yes, it is a bargain,'” he said.
Goe said bids opened for the dime at $550,000 and went up by $25,000 increments, with about a half-dozen people bidding. It stalled for a bit at his bid for $725,000. “So I’m screaming ‘Close it!’ Then somebody said $750,000, and we jump in at $775,000.
“The auctioneer is saying ‘Going once, going twice, three times. Do we hear $800,000? Sold for $775,000.'”
The sale price includes a 15 percent fee by the auction company, bringing the total to $891,250.
At one point, a person bidding by telephone lost his or her cell-phone connection, and there was a short delay for reconnection.
“It delayed things for a couple of minutes,” Goe said. “But they’re just running you through this torture. You’re just waiting and waiting.
“I’m walking on clouds. It’s the ultimate experience. There are lots of clichés that could define how we feel this week.
“If the Carson City Mint has any place in the history of Nevada, in the U.S., then this dime is the defining coin from the Carson City Mint. It doesn’t get any better than this dime.”