The 1870-S half dime is a seriously rare coin, and the price it was sold for solidifies the belief that it isn’t like any other dime. Made by the San Francisco Mint in 1870, the two half dimes sold for $2.2 million.
The 1870-S half dime is so rare because there is no record of the coins being made at the San Fransisco Mint, so these are most likely the only 2 created. You really have to love history (and 5 cent dimes) to spend $2.2 million on half dimes! Take a look at the 2 million dollar coins above.
Million Dollar Dimes
The 1870-S Half Dime Sells Big at Auction
Trend Themes
1. Rare Coin Collecting - The high price of the 1870-S half dime highlights the growing trend of rare coin collecting as a lucrative investment.
2. Historical Artifact Investment - The unique nature of the 1870-S half dime presents an opportunity for investors interested in acquiring and profiting from historical artifacts.
3. Alternative Asset Classes - The record-breaking sale of the 1870-S half dime showcases the potential of alternative asset classes, such as rare coins, in diversifying investment portfolios.
Industry Implications
1. Numismatics - The rare coin market is poised for growth due to the increasing demand for unique and valuable coins like the 1870-S half dime.
2. Auction Houses - The sale of the 1870-S half dime at a staggering price highlights the importance of auction houses in facilitating high-value transactions for rare collectibles.
3. Investment Banking - The rising interest in rare coins as investments presents a potential opportunity for investment banking firms to offer specialized advisory services for clients seeking to capitalize on this market.