Dimes are something we don’t give much thought to. Most of us just throw them in a jar with other loose change and forget about them until we cash it all in at the bank. Before tossing them aside, we strongly suggest that you take a long, hard look to see if any of these dimes are worth some serious money.
That’s because there are currently dimes in circulation worth up to $1.9 million! Yes, you read that correctly. If you have a jar of coins just sitting on your dresser, you may want to check to see if you’re a millionaire.
The dime that’s worth so much is called the Barber Dime. The Barber Dime was part of a series designed by Charles E. Barber in 1891, approved by President Benjamin Harrison. This series of coins were minted until 1916.
At the time, there had been no updates to the currency since the 1830s. There was a growing demand to see our coinage updated with something more modern to reflect the new states that had been added in that time span.
In 1894, the superintendent of the San Francisco Mint, John Dagget, had special dimes created for his friends and family while minting this new design. In total, he gave away 24 coins and told everyone to keep them as they would be worth more in the future.
One of the coins was given to his young daughter. Instead of heeding her father’s advice and saving this dime, she immediately went out and bought ice cream. Suddenly, a rare coin was in circulation.
Of these 24 coins, nine are known to exist today. Seven of them are in the hands of various collectors who have them safely stored away. Two of them, however, are said to be in circulation. They’re heavily worn, so it may be difficult to tell them apart from other old dimes. That’s why they haven’t yet been sold, people just aren’t aware that they’ve got something valuable.
If you have some old coins and think one of the might be the rare 1894 Barber Dime, the only way to be certain is to take it a reputable coin dealer. They can examine it to see exactly what type of coin it is. If it’s the Barber Dime, you’ll be rich.
The most recent Barber Dime sold for $1.9 million back in 2007. Depending on the condition, it could go for much more than that.
Even if an old coin isn’t a Barber Dime, it may still be worth some serious cash. Coin collectors are always on the lookout for rare coins and are willing to pay top dollar for them.
Some examples of valuable coins are thee 1829 curl base “2” Liberty Cap Dime, which can be worth as much as $7,750. The 1968-S, no-S proof Roosevelt Dime can fetch up $7,500 at auction. The 1874-CC Liberty Seated Dime may be worth up to $5,000 to the right buyer. If you have an old coin collection, get it appraised to see if you’re sitting on a fortune!