This 10-Cent Coin Sold for $1.2 Million: The Story Behind Its Extraordinary Value
· Telemundo McAllen (KTLM)
With its darkened silver surface and hues of copper and gold, the 10-cent coin over 130 years old may not seem particularly eye-catching at first glance. However, what might appear to be an old common coin is actually an extraordinary rarity among collectors: the 1894-S Barber. Nearly seven decades ago, this rarity caught the attention of a 19-year-old who bought the coin for $4,750 in 1957. Now, that same coin has sold for $1.2 million at auction. So, what lies behind the extraordinary value of this coin, and why was a young man willing to spend nearly thousands of dollars on it? Q. David Bowers, who was already a young coin collector, knew he wasn't bidding on just any piece. The 1894-S Barber dime, named after its designer Charles E. Barber, was auctioned 69 years ago at Stack's Bowers, an American auction house, with an estimated value of $5,000. Bowers ended up purchasing it for $4,750. The fact that he was willing to spend thousands on a mere 10-cent coin at the age of 19 quickly attracted national attention.
AI summary · Source: Telemundo McAllen (KTLM) →
