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article image'Immaculate' 1873 American dime auctioned off for $1.84 million

By Marcus Hondro     Aug 12, 2012 in Odd News
If you were asking someone if they could spare a dime this would be the dime you'd want them to offer up. An 1873 American dime was sold at auction in Philadelphia on Friday for $1.84 million.
Carson City dime
The 139-yefar-old dime was made in Carson City, Nevada, during what the Philadelphia Inquirer report was a one day minting of dimes.
Coins from that minting are sought after because that was the only day of minting dimes at that mint for that entire year. The buyer, whose name has not been disclosed, paid only $1.6 million for the actual dime, the rest of the money spent comes from having to pay a buyer's fee.
Along with the dime, a collection of coins that has been called 'The Battle Born Collection', of which the dime was a part of, was also sold off, those coins also going individually. The collection had coins of every denomination, all minted at the Carson City mint; the Carson City mint closed in 1893.
Multiple bid sites
There were numerous bidders seeking the lone dime and thanks to online bids already given the bidding began at $950,000. The auctioneer had to contend with live bidders, telephone bidders and online bidders all taking part at the same time.
Brian Kendrella of the Spectrum Group, who did the bidding for the anonymous buyer, told the Inquirer "It's not rare, it's not scarce (but) it's unique. And it's pretty much immaculate."
The $1.84 million coin - that's 18,400,000 dimes - was auctioned off at the American Numismatic Association convention in the Philadelphia Convention Center. 'Numismatics' are people who study and collect rare coins.
More about Numismatic, American Numismatic Association, The Battle Born Collection, rare 10 cent coin, dime auctioned for $184 million
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