Newly minted one pound coins are seen at the Royal Mint in Cardiff
A rare dime from 1873 sold for $1.6 million to an anonymous bidder at an auction in Philadelphia. REUTERS

A rare dime from 1873 sold for $1.6 million to an anonymous bidder at an auction in Philadelphia.

The coin's price tag can be attributed to its source: It was made during a one-day run of dimes minted in Carson City, Nev. The coin is in pristine condition, and the final sale price includes a 15 percent buyer's fee.

The "No Arrows" Liberty Seated dime is part of the Battle Born Collection, a selection of one of every kind of coin stamped before the Carson City mint shut down in 1893.

The coin inspired a fervent battle, according to Chris Napolitano, president of Stack's Bowers Galleries, which auctioned the coin at an American Numismatic Association convention.

"Generally speaking, in the coin auction business, you might get a couple of people fighting each other" as they bid, he said, according to the AP. "On this one, we had four or five buyers over a million dollars. We had a fair amount of buyers pursuing it."