Reverse proof Roosevelt dime most significant coin of century.

No, I think the demise of stamp collecting came from too many different issues from the ultimate source, the USPS. Sounds disturbingly familiar to me. C'mon, you can find the analog, can't you?

 

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Well, we were talking about people bidding up these new Roosevelt dimes. Given that context, I assumed you mean that your occasional impatience to acquire the last coin to complete a set was similar to these bidders' impatience to acquire the latest Roosevelt issue.

Sure, if they've been keeping up, this is "the last Roosevelt dime they need to complete their set" -- up through 2015. But next year, they'll need to acquire the 2016 dimes. Since no set of a current series will ever be "complete" (at least on a permanent basis) until the series ends, I just don't think of this as "acquiring the last coin to complete a set".

I don't know, I've been scatterbrained all day. I should probably go to bed, and you should probably ignore me until after I've done that.

 

Yeah, but not the same with stamps if they issued many different and they were all high mintage. I don't know, I don't collect stamps, the only ones I bought are those new upside down Jenny's, looking for the right side up ones - now those are worth some bucks.

 

That and greedy dealers. I already made the stamp field comparison several pages ago. They didn't get it.

 

These are selling for under $100 on other coin forums (e.g. PCGS/Coin Universe listed 5 sealed boxes at $455).

 

$110-$135 currently on ebay- and going up

 

Since stamp collecting as a hobby has basically become garbage, do you think now is a good time to buy up as much as possible in hopes that it will come back?

 

It isn't too late for the hobby as a whole. Many like to gripe about CAC, but its market making function has helped stabilize many segments of the market. It is no longer the crack out game to upgrade a coin. I know of people that have intentionally downgraded to get a sticker.

 

I don't know I don't collect stamps. But, if there are some real rarities selling for pennies on the dollar, may be a good deal. EVERYTHING goes in cycles - that's like a universal truth. The factors/risks to consider are what's your projected rate of return, based on how long it takes the market to boom again, and what are the chances you'll need the money before it does.

 

The whole TPG grading thing and then sticker thing on the slab is getting out of hand. I like this hobby as much as anyone here and I'm invested in it to some degree, but it's just ridiculous at this point. One has to seriously wonder if the hobby is headed to hell in a handbasket.

 

Not bad, huh? Much better than the 1970' & 80's, when you lost money immediately after the purchase..

All I can say is, I wish I had put away a roll of 1995-w proof ASE's back when they were selling for $100 to $200 per coin.

 

I don't disagree with you at all, but I do think things would be worse without CAC (at least for pieces that sticker). The hobby has become far too dependent on plastic - I don't dispute that at all.

 

Very true, IMO. But, the market will go where the money goes. One has the opportunity to make a guess (hopefully educated), as to where it will go. If labels are the future, I lose - if modern low mintage keys are, I win.

 

I don't remember the 1995-W ever selling for that. If I recall correctly, the coins were quickly hoarded and recognized as scarce pieces. And these were only sold in the complete gold set for that year. And not everyone that purchased sets in the 1970s and 1980s immediately lost money of the purchase on all sets. Many of them tanked in the after market, much like coins from the 1990s, 2000s, and now 2010s.

 

These coins may very well perform at reasonable levels, but there is insufficient data to tell if it is all hype or whether this is a sustainable trend. As soon as the flippers stop and the market settles, then we will know the true value of these. It is much like the modern variety coins - DDOs and what no. Many of them are worth substantially more after initial discovery and then sell for much less later.

 

Any chance this coin has of being coin of the century will be crushed by chinese counterfeiters.

I just wonder if the perfectly identical and indistinguishable chinese version will be more or less than $5.

 

We already did a thread on this, it's true, search for the thread. I also put a link in that thread to the PCGS website that said they initially sold for $200 and I remember seeing them for less. Yeah, I blew that one, but silver was, I think, $4/oz then and $100 to $200 looked like a lot for a silver eagle that wasn't well liked by numismatists. That's true too. I don't believe there was a mintage limit, so, If anyone thought the ASE was a winner, they would have run up the sales.

 

Clarity in writing is not one of my better attributes, LOL. My prior comment was indirectly related to the "latest Roosevelt issue", but more directly related to collectors that feel compelled to purchase items for whatever reason.

 

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Nah, they'll just give the TPG'ers more business certifying them.