International Desk: Did anyone think that the price of a coin can reach 4 crore 21 lakh rupees? But that happened. A fierce battle ensued in the auction to buy that coin.
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A seemingly insignificant coin. A bit old. But it is not so old that its price will reach 4 crore rupees. That is the case with this coin.
When it was first sold it was 46 years ago. It is now sold at a price 30 times higher than the price it was sold for then.
It was kept by a coin collector for 46 years. Now he wanted to auction it. So it goes up for auction. The coin is a dime. Much like the US 1 rupee coin.
Why did this dime cost so much? What's in it? In fact, this coin is very rare. And the reason is an English font. The absence of the English letter S pushed the price of this coin to over 4 crore rupees in Indian currency.
Normally the dime would have been marked with the mint where it was minted. The San Francisco Mint meant it had an S written on it. This dime was minted from that mint. But it doesn't have the S symbol for some reason.
And the absence of that one S mark made this coin the rarest of the rare. As a result many people wanted to collect those coins.
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This time, coin collectors did not hesitate to bid at the auction. Finally the auction ended at 5 lakh 6 thousand 250 dollars. The auction took place at GreatCollections of America. The coin was bought by a coin collector.