A rare dime minted in 1873 sold for a whopping $1.6 million at auction yesterday in Carson City, Nevada. And while most people reading this are probably thinking, ‘Who would spend that much money on a dime?’ the answer is, quite a few people, actually.

The coin was part of the rare Battle Born Collection and is known as the “No Arrows Seated Liberty” dime. Collectors from all over battled it out over the piece and several others in the Battle Born series, which no longer produces coins.

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

Because the Battle Born Collection had one of every coin minted in 1873 and then closed about 20 years later, the coins are at the top of every collector’s list. In total, the auction sold 112 pieces for a grand total of $10 million.

Image courtesy of Heritage Numismatic Auctions