There are times when a person walks away from an auction without anything worth a dime, and then there are times when they walk away with a dime that sets them back $1.6 million.

That was the case earlier this week at an American Numismatic Association convention in Philadelphia when an anonymous bidder won a rare 1873-CC “No Arrows” Liberty Seated dime, which was minted in Carson City, Nevada, during a one-day run of dimes.

“Generally speaking, in the coin auction business, you might get a couple of people fighting each other,” said Chris Napolitano, president of Stack’s Bowers Galleries. “On this one, we had four or five buyers over a million dollars. We had a fair amount of buyers pursuing it.”

The rare dime was part of the Battle Born Collection, which was comprised of one of every coin made in Carson City before the mint closing in 1893.

Each piece in the collection found a new home, bringing in a whopping $10 million by the end of the night.

[CBS]