iBankCoin
Joined Dec 2, 2009
97 Blog Posts

One of a kind…

A one-of-a-kind, pristine-condition 1873 dime fetched $1.84 million in an auction Thursday night at the American Numismatic Association convention at the Convention Center.

“It’s not rare, it’s not scarce – it’s unique. And it’s pretty much immaculate,” said Brian Kendrella, director of operations at the Spectrum Group. He entered the winning bid on behalf of a private collector who sought to remain anonymous.

Before the live auction began, online bids had already reached $950,000. The price went up in seconds, with bidders in the room, on the phone, and online answering the auctioneer’s calls – $1 million, $1.1 million, $1.2 million, $1.3 million, $1.4 million, $1.5 million. The winning bid was $1.6 million, plus a 15 percent buyer’s fee.

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