An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000
An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000
The coin depicts President Franklin D. Roosevelt and is one of just two known to exist without its distinctive “S” mint mark.
I'll never understand why anyone would spend half a million on a dime with no s.
Anyone else find it slightly annoying that the main picture Fortune chose for this article is a 2005 dime?
Extremely annoying.
1975? Not even silver...
That's about 4.38% annual return over 40 years. Not terrible, but could have done better investing in something else.
EDIT: The brother paid $18,200 for the dime. But my original number of 4.38% was off because I used the inflation adjusted $90k cost. More accurate number is 8.64%.
I think your math is a bit off. It's more like 56.3% annually over 50 years
My numbers are off, but I think you missed the part where they paid $18,200 for it. I had used the inflation-adjusted $90k previously. Using $18,200, the ROI is 8.64% - which isn't too bad.