this post was submitted on 29 Oct 2024
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Economy

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An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000 (fortune.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 19 points 5 months ago (1 children)

Anyone else find it slightly annoying that the main picture Fortune chose for this article is a 2005 dime?

[–] [email protected] 2 points 5 months ago

Extremely annoying.

[–] [email protected] 4 points 5 months ago

1975? Not even silver...

[–] [email protected] 1 points 5 months ago

I'll never understand why anyone would spend half a million on a dime with no s.

[–] [email protected] -4 points 5 months ago* (last edited 5 months ago) (1 children)

That's about 4.38% annual return over 40 years. Not terrible, but could have done better investing in something else.

EDIT: The brother paid $18,200 for the dime. But my original number of 4.38% was off because I used the inflation adjusted $90k cost. More accurate number is 8.64%.

[–] [email protected] 5 points 5 months ago (1 children)

I think your math is a bit off. It's more like 56.3% annually over 50 years

[–] [email protected] 2 points 5 months ago

My numbers are off, but I think you missed the part where they paid $18,200 for it. I had used the inflation-adjusted $90k previously. Using $18,200, the ROI is 8.64% - which isn't too bad.