Value 0.10 U.S. dollars Diameter 17.9 mm (0.705 in) Edge reeded | Mass 2.50 g Thickness 1.35 mm (0.053 in) Composition 90% Silver, 10% Copper | |
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The 1894-S Barber dime is a dime produced in the United States Barber coinage. It is one of the rarest and most highly prized United States coins for collectors, along with the 1804 dollar and the 1913 Liberty Head nickel. One was sold in 2005 for 1.3 million dollars. Another was sold in 2007 for 1.9 million dollars. Only 24 were minted, and of those, only nine are known to survive; seven are uncirculated, while two are heavily worn. In 1957, one of the latter was found in a junk coin box at Gimbels Department Store, and purchased for $2.40.
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History
In the first half of 1894, just 24 proofs of the Barber series dimes were manufactured at the San Francisco Mint. Just why only 24 of the coins were minted is unknown. The superintendent of the San Francisco Mint is said to have had them minted as gifts for some important bankers. Another theory is that the mint's annual audit showed a discrepancy of $2.40, so the dimes were struck to compensate for this. Three of the dimes were said to have been given to the superintendent's daughter, who allegedly spent one on a dish of ice cream and sold the other two in the 1950s.
Value
Due to the rarity of the coin and the mysteries surrounding its past, the 1894-S dime is one of the most valuable coins produced in the United States. In the late 1990s, one of the remaining 1894-S dimes was bought for $825,000. Since then they have sold for $1,035,000 in 2005; $1.3 million also in 2005; and $1.9 million in 2007. At a January 7, 2016, auction by Heritage held during the Florida United Numismatiats show, the finest known example, graded Proof 66 by Professional Coin Grading Service with a green Certified Acceptance Corp. sticker sold for $1,997,500.