One Silver Dime One Million Very Green Dollars
If you have the right one.Credit: PCGS.com
Collectors commonly seek out rarities within the United States regular output of coins. Since the inception of the US Mint in 1793, very stringent documents have chronicled the numbers of each one produced throughout each year.
Several categories of US coins are listed in guides, as well as the US Mint's official striking records. These different types of coins are primarily known as "circulation strikes" issued for the public to use in everyday commerce and collector coins, minted with highly polished dies known as proofs.
Most proof coins were minted in very small numbers, compared to their counterparts and some have less then 100 examples known.
There are also certain issues of proof coins existing, that were never documented as being struck at all, such as the 1804 Bust Silver Dollar and the 1913 Victory, or Liberty Head, Nickel.
One issue that was documented is the proof 1894-s Barber Head dime. This issue has an official listed quantity struck of only 24 examples. Top coin listings now show only 13 existing examples known. All have been certified and the highest grade received is proof-66.
The latter example sold at auction for $1,322,500 in January of 2005. A lesser graded Proof-65 example sold in October 2007, for the tidy sum of $1,552,500.00.
With 13 known existing examples, there are still 11 missing. Somewhere out there, 11 small thin silver fortunes are waiting to be found.
Many of us who are not exactly numismatic enthusiasts collect silver coins because of the semi-precious metal content. We watch the price of silver go up and up and just hold on to any silver coins we may come across for this reason only.
It's time to pull out that old box or jar of silver coins and start to go through the dates. Many rarities now exist that far exceed their metal value because of rarity or collector popularity.
These should never be sold for their metal content. They should be graded and appraised for their numismatic value to collectors and then sold at auction, to the highest bidder.
PCGS is one available option to figure out just what those silver coins are worth. They have an incredible website, that lists the coin values for all US coins. Every day, each issue is updated, according to recent auction prices realized. A proper starting point can be found there to list any US coin.
Finding an 1894-S United States Dime
How to Get Rich Quick
The chances of finding an 1894-S proof dime, one could associate with the old "needle in a haystack" reference. Your chances are pretty slim to none. They do however supposedly exist. If they were lost along the way somewhere then they may be in the ground and a metal detector enthusiast could possibly come across an example of this rarity.
More likely, they are sitting in someone's jar of old silver coins. These coins were sold to collectors only and the chance that a collector bought this proof coin and then lost it, is highly unlikely.
By now, if I were you and I had a jar like this, it would be dumped out on the table and I'd be carefully examining the dates on all of my dimes. Imagine the excitement of finding the right coin? Taking that thin piece of silver and selling it for over a million dollars.
Numismatic collecting offers many coins that are not quite as rare as this one, but still offer a nice premium when sold. There is a lot of money to be made in the sale of rare coins.
Any United States silver coin found today, is worth a substantial amount of money over and above it's intended face value, due to the metal content, some however can lead you to riches beyond your wildest imagination, for their numismatic collector value.
So take out that old jar of silver coins you've been stocking away for a rainy day and check the dates. You could be sitting on a major windfall and not even know it.