Dime struck on sixpenny nail tops $40,000 at Heritage

Buffalo Nicky

Buffalo Nicky

2016-01-11 17:21:41

A highly rare Roosevelt Dime struck on a sixpenny nail has smashed its estimate at Heritage.

The numismatic error was amongst the most unconventional lots at the FUN (Florida United Numismatists) convention sale in Tampa, Florida.

Whether the undated dime-nail was created purposefully or by accident is unknown. At some point during the production process, a zinc-coated sixpenny nail found its way onto the line – possibly put there by a mischievous mint employee – and was struck with the image of President Roosevelt.

The error had been described as "one of the most unusual pieces to ever come out of a United States Mint", and graded MS65 PCGS.

"Significant error coins are among the most sought-after in the hobby, as evidenced by the spirited bidding among collectors over this coin," said Greg Rohan, President of Heritage Auctions. "This is certainly among the most unique and mysterious errors to ever come to auction. The truth is, no one really knows how or why it was struck."

It isn't the first time a nail has been struck with a coin design, with around six known examples dating back to the 1970s.

But the unusual nature of the error meant one anonymous bidder was willing to pay $42,300 to add it to their collection – far beyond the pre-sale estimate of $10,000.

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