Reverse proof Roosevelt dime most significant coin of century.

Back on page 7 or so, people were arguing about why the 1916-D was so sought after but I never saw the real reason presented for the premiums.

The real reason, IMO, would be that a lot of people collect Merc dime sets and that is the low mintage key to completing that set. Also that not many were saved from circulation.
A 2015 commem, while low mintage, does not have the same implications to the series as a 16-D so it's difficult for me to see much correlation between the two. There is also, as usual, going to be an excess of options available to collect from the US mint in 2015, compared to what came out in 1916. On the flip side, there are a lot more people in existence now and far more collectors with the dollars to drive a set like this up.

That said, this is an interesting low mintage set commemorating something somewhat more interesting than many past offerings. It's got to be more popular than the Louise Braille offering. lol
I choose to pass on most new stuff coming out but this set kind of grabbed me. Unfortunately I missed out on the initial offering and am left looking for one on the secondary market now. I'm curious to see how these settle out long term.

 

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If not already, soon there will be more Roosy than Merc collectors trying to complete a set. Estimates for 1916-d survival are just a WAG, no one really knows how many ungraded coins are out there. Since the low mintage was no secret, I suspect a large percentage of the 264k were saved. There were several big dealers hoarding these. The 1916-d is so expensive because it was hyped, sometimes hypes pays off in the long run if demand is larger than supply.

 

Imagine that Bellman. That other people have opinons that dont match yours & then you scold. My My

 

Ebay tells the story currently. Looks like this was an easy flip to just about double your money if you got them. The PR-69 RPs going for 75 to $100 alone and the 70s going for $200+ by itself.
Looks like a regular old OGP set is gonna be $85 to $100 for a bargain.

75k is probably a reasonable amount to settle most demand out there "individually". But, as is always the case when you have people, collectors and dealers hoarding 5, 10, 100 sets, the average collector's going to get pinched on the secondary market. All of a sudden 75k gets absorbed pretty quickly. To me that's a very low mintage today. I think the 2011 ASE sets at 100k was a very low mintage.

 

Where are you getting it was hyped? It's low-mintage business strike, just like the SVDB. The SVDB wasn't hyped. The reverse-proof dimes correlate with the matte proof VDBs, they're not business strikes, not a part of those sets.

 

Ask any "Oldtimer", these coins were and still are hyped and most were grabbed from circulation. At those mintages, they are not considered rare coins, simply scarce ones.

 

breaking $100 mark- it looks like supply is drying up and demand is kicking in. next stop THE MOON!!!!!
http://www.ebay.com/itm/2015-March-...842?pt=LH_DefaultDomain_0&hash=item3f4d09be62

http://www.ebay.com/itm/5-sets-2015...241?pt=LH_DefaultDomain_0&hash=item1e9ee44e39

http://www.ebay.com/itm/FIVE-X-2015...031?pt=LH_DefaultDomain_0&hash=item1c534e03ef

 

A lot of people will be chasing this set for a long time as prices keep rising.

 

There is nothing I would like better than for the prices for these sets to continue to rise but I think the ensuing rise will be short lived. These sets (price wise) are gonna settle down in the next few weeks. I think they will always command a modest premium but I don't think the prices for these sets will ever go through the roof. Heck......they ain't through the roof now..........

 

Lewis Black comes to mind.......

 

I like your prediction because you're usually wrong, right?

 

Well, I remember when the edgeless Washington Dollars were the errors of the century. That was for at least a month. Lol.

 

Still command a premium though........

 

Yes I am......

 

I don't know about this one. Most listed on eBay are selling and I've heard many people say, "I didn't know about this one, I want one", and not just here, that was the majority at our club meeting last Monday.

 

LOL

 

Yeah, until they found Mint security was stealing them before they received the edge lettering and flooding the market with them.

 

Really? I didn't know. I can make those.

 

Remember when the 1995-w proof ASE was issued?