Utah businessman buys extremely rare 1894 dime for $1.3M

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A Utah businessman paid $1.32 million for a particularly uncommon 1894 dime by means of a purchaser at an public sale in Illinois on Thursday.

Dell Loy Hansen, a collector from Salt Lake Metropolis, bought the 125-year-old U.S. silver dime at public public sale on the American Numismatic Affiliation World’s Honest of Cash in Chicago by means of purchaser John Brush, the president of David Lawrence Uncommon Cash of Virginia Seaside.

AMATEUR TREASURE HUNTERS FIND 14TH-CENTURY COINS WORTH ESTIMATED $200G

Solely 24 of the 1894-S dimes had been struck on the San Francisco Mint, of which solely 9 are recognized to exist, in accordance with public sale home Stack’s Bowers Galleries. The coin offered final week was as soon as owned by the late former Los Angeles Lakers proprietor Jerry Buss, who was additionally an avid collector of uncommon cash.

“This was one of the vital thrilling acquisitions we now have made within the pursuit of Mr. Hansen’s assortment,” Bush stated in a information launch.

The 1894-S dime is one of only 24 that were minted.

The 1894-S dime is one in all solely 24 that had been minted.
(Stack’s Bowers Galleries)

A uncommon 1876 20-cent piece was additionally auctioned on the occasion, promoting for $456,000. First issued in 1875, 20-cent cash are described by Stack’s Bowers Galleries as “a one-year marvel.”

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Some 10,000 20-cent items had been minted by the Carson Metropolis Mint in 1876 however had been ordered destroyed by the federal government. The coin auctioned in Chicago is one in all solely 20 from the 10,000 minted at Carson Metropolis that escaped the melting pot.

Fox Information’ James Rogers and The Related Press contributed to this report.

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