This Rare Coin Just Sold for $2 Million

At Auction at Tampa this rare coin sold for $2 Million 

Talk about a return on investment.

If you were lucky enough to have gotten your hands on the rare 1894-S struck by the San Francisco mint during that year, you could have sold it today for a cool, 20 million percent return.

That’s right, at an auction run by Heritage Auctions in Tampa, Florida, the rare coin sold for $2 million, the company tells Fortune. The dime is prized by coin collectors for its rarity: there were only 24 ever minted, and only 9 are thought to still be in existence today.

Why this american coin worth $ 7 million ?

David Hall, co-founder of Professional Coin Grading Service of Santa Ana, California, told ABC News, “A couple of coins have been known among the rarest of the rare for 100 years and this is one of those numismatic icons.”

Both the buyer and seller of the coin wish to remain anonymous, but a statement from Heritage refers to the buyer, who placed his bid online, as “an experienced collector.”

Extremely serious collectors recently had the opportunity to bid on one of the most sought after coins in US history. Extremely serious collectors recently had the opportunity to bid on one of the most sought after coins in US history. On the evening of January 7th, the finest known 1894-S Barber dime was auctioned in Tampa, an event held in conjunction with the Florida United Numismatists convention.

 The rare and rather mysterious piece commanded $1.99 million. Only 9 such coins are believed to be in existence today. They were struck at the San Francisco Mint, and while there were initially plans to produce them in large quantities, an economic downturn resulted in only 24 being made. The coin almost instantly became among the most difficult for collectors to acquire. Prices paid for one have historically been high. The particular dime sold on Thursday has appeared at auction a handful of times. In 2007, the 1984-S Barber was purchased for $1.9 million.