The world of numismatics is filled with treasures, but few coins captivate collectors like the 1894-S Barber Dime. This elusive piece, minted in the late 19th century, stands as a testament to rarity and historical intrigue. With only 24 minted and a mere nine known to exist today, the 1894-S Barber Dime is a coveted artifact that has fetched millions at auctions.
The Genesis of the 1894-S Barber Dime
In 1894, the San Francisco Mint produced a limited run of Barber Dimes, designed by Chief Engraver Charles E. Barber. The exact reason for the minuscule mintage remains a mystery, with theories ranging from special presentations to accounting adjustments. Regardless of its origin, the coin’s scarcity has cemented its legendary status among collectors.
Design and Specifications
The Barber Dime features Lady Liberty on the obverse, adorned with a Phrygian cap and laurel wreath, symbolizing freedom and victory. The reverse showcases a wreath encircling the denomination “One Dime.” The “S” mint mark, denoting the San Francisco Mint, is prominently placed below the wreath.
Key Specifications:
| Feature | Description |
|---|---|
| Designer | Charles E. Barber |
| Composition | 90% Silver, 10% Copper |
| Diameter | 17.9 mm |
| Weight | 2.5 grams |
| Edge | Reeded |
| Mintage | 24 pieces |
The Journey of Known Specimens
Of the 24 minted, only nine specimens are confirmed to exist today. Each has a unique provenance, adding to its allure:
- The Eliasberg Specimen: Part of the renowned Eliasberg Collection, this coin is considered one of the finest examples.
- The Olsen Specimen: Featured in a 1972 episode of “Hawaii Five-O,” this dime has a storied history.
- The Ice Cream Specimen: Allegedly spent by a young girl on ice cream, this coin resurfaced decades later, adding a whimsical chapter to its narrative.
Market Value and Auction Records
The 1894-S Barber Dime’s rarity and mystique have led to staggering auction results:
| Year | Auction House | Price Realized |
|---|---|---|
| 2005 | Stack’s Bowers | $1.3 million |
| 2007 | Heritage Auctions | $1.9 million |
| 2016 | Heritage Auctions | $1.997 million |
These figures underscore the coin’s status as one of the most valuable U.S. coins ever minted.
Factors Influencing Value
Several elements contribute to the 1894-S Barber Dime’s value:
- Rarity: With only nine known specimens, its scarcity is unparalleled.
- Condition: Coins in mint state command higher prices. The Eliasberg Specimen, for instance, is graded Proof-66.
- Provenance: A well-documented history enhances desirability.
- Market Demand: The coin’s legendary status fuels competitive bidding among collectors.
Collecting the 1894-S Barber Dime
For most, acquiring this dime remains a dream due to its rarity and price. However, enthusiasts can:
- Study Its History: Delve into the coin’s background to appreciate its significance.
- Visit Exhibitions: Some museums and private collections occasionally display this numismatic treasure.
- Collect Related Coins: Building a collection of Barber Dimes from other years offers a tangible connection to this iconic series.
The 1894-S Barber Dime is more than a coin; it’s a piece of American history, a symbol of rarity, and a testament to the allure of numismatics. Its story continues to fascinate collectors and historians alike, ensuring its place as a hidden gem worth a fortune.
FAQs
Why were only 24 1894-S Barber Dimes minted?
The exact reason remains unclear, with theories suggesting they were minted for special presentations or to balance accounting records.
How many 1894-S Barber Dimes are known to exist today?
Nine specimens are confirmed to exist, each with a unique provenance.
What is the highest price ever paid for an 1894-S Barber Dime?
In 2016, one sold for $1.997 million at Heritage Auctions.
