A very rare penny sold for $506,250. Accordingly Ian Russell, president of GreatCollectionsbrought this dazzling price In an online auction on October 27th. The penny itself is now worth nearly five million times its original value of 10 cents.

The coin was made in 1975 by US Mint It features President Franklin Delano Roosevelt in San Francisco, California, and is one of only two coins known to exist without a distinctive “S” mark. This mark indicates that it was struck at the San Francisco Mint.

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easy to say Where the coin was minted in the United States. There is a small capital letter on the head side of the coin. It would be D for Denver, P for Philadelphia, S for San Francisco, or W for West Point.

In 1975, the mint produced over 2.8 million special uncirculated “proof” sets of six coins that sold for $7. Over the years, collections discovered that two of the coins were missing this mint mark.

The only other known example of one of these in 2019 “No S” proof dime A vintage from 1975 sold at auction for $456,000. Months later it was sold again to a private collector.

This penny was sold in Ohio by three unnamed sisters who inherited the money when their brother died. He kept it in a bank vault for more than 40 years. according to Associated PressThe sisters told Russel that they and their mother bought the first faulty coin in 1978 for $18,200 (about $90,000 today). His parents viewed rare money as a financial safety net.

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While there were likely more examples of this rare type of penny, they would only be found in the 1975 proof sets and would not rustle in pocket change. According to Russell.