News of 2 1894- Barber dime coins unaccounted for in the world fill people with elation over a chance at changed fortunes.
Coin collection is a passionate hobby that many people follow with all their hearts. These coins are a symbol of heritage and also signify how far humanity has come through. But on the practical side, they fetch an enormous amount of money. Often such coins are so old and widely distributed that their whereabouts have no record. Therefore, the whole hobby also becomes a game as people remain committed to searching for these coins in the depths of the earth. According to My Modern Met, individuals need to become more serious about seeking a chance at becoming a millionaire. If people can get their hands on two 1894-S Barber Dimes that have been unaccounted for decades, they can change their entire fortune in no time.
Barber Dime was regularly minted from 1892 to 1916. These coins got their name from the Chief Engraver of the Mint, Charles E. Barber. Barber was given the moniker of the "King of the Mint" due to his impact on coin-making, reports Coinweek. His designs on the coins reflected America's eventual rise to become a world power during the 19th and beginning of the 20th century. These coins were composed of 90 percent silver and 10 percent copper. One of the reasons many of these coins are no longer in circulation was that they were melted down into bullion as prices of silver increased in the late 1970s and early 80s.
1894 S Barber Dimes— Coinage (@coinage_india) July 8, 2020
Worth in USD:- $1,487,984
During the early part of 1894 there were only 24 proof coins produced at the San Francisco mint that entire year. Only 9 of them are known to still exist.
Each coin is worth between $1 Million and $2 Million. pic.twitter.com/QD7INvyC0s
In 1894, a unique occurrence happened, which made all the coins minted in that particular year beyond precious. During this year, only 24 Barber dimes were minted. Because of the small number, they have become one of the most sought-after coins in history. There are several stories in the culture to explain this phenomenon, but one over the years has earned a lot of credence. San Francisco Mint Superintendent John Daggett decided to get these coins minted for his banker friends, who heard from sources that dimes would not be struck that year for certain reasons.
After striking the coins, Daggett likely anticipated the future value of these coins and gave three to his daughter, Hallie. He asked her to keep them with her and under no circumstances use them for the time being. But, the daughter did not pay heed to him and immediately went to buy ice cream as it was a hot day. The other 2 though, she kept with her till the 1950s, when she eventually decided to sell them for money. Also, there are other theories regarding the origin of these coins, like them being struck to test the dyes or to compensate for a discrepancy of $2.40. None of them have been proven.
Checked all my barber dimes.... No 1894 S... Damn!— CT23 (@chucktreisch) January 24, 2016
The value of these coins shrouded in mystery has become so high that serious collectors rarely put them on sale and when they do, the prices are sky-high. Fox 13 Tampa Bay reported that one of the coins was sold at a whopping USD 2 million, per Fox 13 Tampa Bay. Through decades of search, experts have concluded that only 9 of these coins remain. 7 are with a collector safely in his custody. The whereabouts of the 2 coins are still unknown. There is a possibility that they have been melted down or are in the possession of an unknowing fellow who does not know what they have been sitting on. People are hoping for the latter.