1873 dime sells for a pretty penny: $1.6 million

1873 dime sells for a pretty penny: $1.6 million

August 10th, 2012 by Associated Press in Local - Breaking News

PHILADELPHIA - A dime made in 1873 has cost someone a pretty penny: It sold for $1.6 million at auction.

The rare coin was minted in Carson City, Nev., during a one-day run of dimes.

An anonymous bidder won the pristine coin, said Chris Napolitano, president of Stack's Bowers Galleries, which auctioned it during an American Numismatic Association convention. The final price included a 15 percent buyer's fee.

"Generally speaking, in the coin auction business, you might get a couple of people fighting each other" as they bid, he said Friday. "On this one, we had four or five buyers over a million dollars. We had a fair amount of buyers pursuing it."

The 1873-CC "No Arrows" Liberty Seated dime was auctioned Thursday night. It's part of the Battle Born Collection, which contained one of every coin struck in Carson City before the mint there closed in 1893.

All 111 pieces were auctioned off Thursday night, fetching a total of nearly $10 million.