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Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades
Three sisters from Ohio who inherited a dime kept in a bank vault for more than 40 years knew it had some value. But they had no idea just how much until just a few years ago.
The extraordinarily rare coin, struck by the U.S. Mint in San Francisco in 1975, could bring more than $500,000, said Ian Russell, president of GreatCollections, which specializes in currency and is handling an online auction that will end in October.
What makes the dime depicting President Franklin D. Roosevelt so valuable is a missing “S” mint mark for San Francisco, one of just two without the mark known to exist. The other one sold at a 2019 auction for $456,000 and then again months later to a private collector.
While serious coin collectors have long known about the existence of these two rare dimes, their whereabouts had remained a mystery since the late 1970s.
“They were hidden for decades,” Russell said. “Most major collectors and dealers have never seen one.”
The mint in San Francisco made more than 2.8 million special uncirculated “proof” sets in 1975 that featured six coins and were sold for $7. Collectors a few years later discovered that two dimes from the set were missing the mint mark.
/ AP
The sisters from Ohio who inherited one of those two dimes after the recent death of their brother want to remain anonymous given their sudden windfall, Russell said.
They shared with Russell that their brother and mother in 1978 bought the first error coin discovered for $18,200, which would amount to roughly $90,000 today. Their parents, who operated a dairy farm, saw the coin as a financial safety net.
One of the sisters said her brother often talked about the rare coin. But she never saw it first-hand until last year.
Russell, whose company is based in Irvine, California, said their brother reached out to him about seven years ago and eventually told him about the coin. He too kept the secret.
When Russell told one of the sisters just a few years ago about the coin’s potential value, he said she remarked “is that really possible?”
Now the coin, known as the “1975 ‘no S’ proof dime,” will be displayed at a coin show beginning Wednesday in Tampa, Florida, and before the auction closes in late October, Russell said.
While there is a chance more examples of the rare dime are out there, they would only be found among the 1975 “proof” sets and not in anyone’s pocket change, Russell said.
Still, he expects this latest discovery to set off a lot of searching.
The Biden administration has asked Congress for special permission to increase spending on Secret Service in the weeks ahead, even if Congress only passes a short-term spending bill to avoid a government shutdown, multiple congressional and administration sources tell CBS News.
The White House Office of Management and Budget submitted a so-called anomaly request to congressional committees amid the fallout of a second apparent assassination attempt on former President Donald Trump, this time, at his golf course in West Palm Beach, Florida.
Short-term spending bills, known as a continuing resolutions or CRs, are used the fund the government at current levels for a brief period until appropriations bills for the entire fiscal year are passed. CRs often contain anomaly provisions for programs or activities that require support that departs from general funding levels, according to the Congressional Research Service.
OMB warned in its request that without some flexibility to ratchet up Secret Service spending soon, “the Secret Service would have insufficient resources to sustain and enhance protective operations.”
Congressional staffers say there are increasing concerns about Secret Service’s funding levels, and uncertainty over how much additional funding will be needed is part of what’s bogged down ongoing negotiations and deliberations over government spending for 2025 on Capitol Hill. Congress has until Oct. 1 to fund the government, risking a partial government shutdown a few weeks before Election Day.
In the short term, OMB said in its request that granting special dispensation to boost Secret Service spending would enable the agency to “sustain current operations and address additional protective and campaign travel, operations, and overtime costs as they arise.”
President Biden told reporters at the White House Monday morning that the Secret Service “needs more help.” He added, “And I think that Congress should respond to their needs if they in fact need more service people.”
The Secret Service has separately notified Congress that it needs more resources to complete its mission. In a letter sent a week ago to a Senate subcommittee from Acting Secret Service Director Ronald Rowe said “increased mission requirements of the Secret Service necessitate additional resources.”
Ryan Wesley Routh, the suspect in Sunday’s incident, was charged Monday with two firearm offenses in federal court. Routh, 58, was armed with an AK-47-style rifle and was allegedly 300-500 yards away from Trump at Trump International Golf Course when members of the Secret Service detail spotted him and opened fire, according to Palm Beach County Sheriff Ric Bradshaw. Routh, who did not fire his rifle, fled and was detained soon afterward. Trump was unharmed and thanked Secret Service agents and local law enforcement, calling them “absolutely outstanding.”
But this incident comes barely two months after Trump was shot in the ear during a July rally in Butler, Pennsylvania. And Congress and federal agencies are still investigating this incident, which resulted in the death of one rally attendee.
contributed to this report.
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Secret Service, other officials give update on Trump Florida shooting attempt | Special Report
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10 Delta passengers receive medical attention following emergency landing in Salt Lake City
The Federal Aviation Administration is investigating after a Delta Air Lines flight made an emergency landing Sunday morning due to a pressurization problem, resulting in at least 10 people requiring medical attention.
In a statement, Delta told CBS News that paramedics met passengers at the gate and identified 10 individuals in need of evaluation or treatment. There were 140 passengers on board.
The passengers were all treated and released by medics but airport officials say some may have opted to take themselves to the hospital for further treatment. The airline told CBS News that it offered to cover transportation costs for customers to go to medical facilities.
The Salt Lake City Fire Department, which deployed the paramedics to the scene, said it could not comment on incidents that occur on airport grounds, but confirmed that its medics did not take anyone to the hospital.
Delta flight 1203 was en route from Salt Lake City, Utah, to Portland, Oregon, when a pressurization issue occurred, prompting the flight to return to Salt Lake City. Oxygen masks did not deploy but the plane was unable to pressurize above 10,000 feet, according to the airline.
The pilots of the five-year-old Boeing 737-900ER declared an emergency and descended below 10,000 feet. According to flightradar24.com‘s preliminary flight data, the plane was only briefly above the 10,000 foot level.
“Descending below 10,000 per cabin altitude warning,” the pilots of flight 1203 can be heard telling air traffic controllers in audio obtained by CBS News from LiveATC.Net, “And Delta 1203 we’re declaring an emergency.”
The FAA told CBS News in a statement the plane “landed without incident at around 8:30 a.m. local time.”
The FAA said it is investigating the incident.
“We sincerely apologize to our customers for their experience on flight 1203 on Sept. 15,” Delta said in a statement provided to CBS news. “The flight crew followed procedures to return to SLC where our teams on the ground supported our customers with their immediate needs.”
The airline said the plane was taken out of service on the morning of Sept. 15 and went back into service on Sept. 16. after technicians resolved the pressurization issue.
