Reverse proof Roosevelt dime most significant coin of century.

If this ever comes to pass, or if it's even seriously rumored, I think CT is going to be needing to bulk up their moderator roster...

 

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Nah, they have to wait for the rest of the WW2 vets to pass on before they can take FDR off the dime, then wait for a President of the opposite party of the present one, and 60 Senators of the present majority party and almost 300 House members. That's what it will take to get FDR off the dime, and frankly, the demographic possibility of that is shrinking by the year.

That's not political advocacy, just a professional politician's honest assessment of what it would take.

Of course, a future Secretary of the Treasury might dust off an old copy of the 25-year rule....

 

What do you think, Kurt is one of your monkeys? He's just going to jump in and do that because you said it? You don't think he knows by now you're a money people? I agree with the proof and special set people, these are important. Kurt knows that, I said as much to him, what do you think, he's got mud in his ears? You're the one who's deaf in one ear and doesn't hear too good out of the other ear. You're the one who doesn't understand these reverse proof dimes aren't critical to the general population. Kurt, on the other hand, "a point of light," understands that all too well.

Do you want to see what dimes are important to the general population? Click this link and find them: http://media.stacksbowers.com/Virtu...ries/sbg-dbrentpogue-sale-01-virtual-catalog/. You don't have a clue, that's your problem. You're in the darkness.

 

Eddie's right. They're not important. They weren't meant to be. They're meant to be fun diversions with moderate to minor upside, and that is what they are. Of course, compared to ordinary range classic coins, ANY upside at all beats their prospects. The future of the hobby, to the extent it exists at all, belongs to the extraordinary coins and the contrarian thinker.

 

Every day more and more people are moving away from classics and into moderns. New collectors that are just getting started are collecting moderns. These are the trends i see.

 

Three comments. One - you owe it to yourself to listen to EVERY ONE of Mike and Matt's podcasts. Each segment they do has value, not just each show. (Mike, the check may be sent to ...)
Two - No, you do not "look at how many 2012 or 2013 ASE sets were ordered and divide by five" . That, frankly, is moron math. News flash SQG: most buyers don't buy five when the limit is five. Many buyers [gasp!] buy just what they want for themselves. I know, I know, you might have to sit down and put your head between your knees until the blood flows back into your brain. I'll wait....

Feel less lightheaded yet? Good.

Three - you want to make dime collector assumptions based on what happened to 2009 circulating dimes?!?!? What about 2009 Jeffs? Tell you what SQG - aside from the ones hoarded by morons, the rest speak Spanish, because there was no shortage of them circulating in Puerto Rico. A truly sick percentage of '09 dimes and nickels went there.

 

The trend I see are that new collectors couldn't care less about U.S. coins at all. The real future trend warp is the rise of world coins, and nearly every traditional dealer will miss it. Kids have next to zero home country patriotism, in case you haven't noticed, I mean, outside of the Deep South.

 

Does it seem to anyone else that the OP and SQG might really be Mike Mezak and the guy on Coin Vault?

 

Actually Ed, I think your first guess was right - 75K seems to be just about the sweet spot. The sales curve, with a huge percentage of a sellout the first few hours, yet it hung on for a week, speaks to that. Maybe the Mint got one right! Broken clock and all, you know. Blind squirrel. Blind pig. You pick.

 

Well, I hope the proof collectors can't use all these; I hope there are leftovers, because I do like them!

 

Truly Ed, if I had a second set, I'd hook you up at a non-confiscatory price just because I like the cut of your jib, but I bought only one. I thought about sending them in for slabbing, but a nearby thunderclap woke me from the trance-like stupor.

"Must feed the gods of plastic ... Ahummmmmmmm...."

 

I think that the article doesn't tell me anything that I didn't already know before. If you are trying to prove that there are exceptions to the rule that most moderns do poorly, we have already been over that. I have said since we first began discussing this topic, whether it was in this thread or a closely related one, that there are exceptions to this rule. Pointing to a few exceptions says nothing about moderns as a whole. For instance, I can pick a classic series that isn't doing well and find one in the series that is. Does this mean that the entire series is a good value? I don't think so. My point was to be careful about making broad claims without enough data to support. The 1995-W actually has a significant amount of data and auction records to support the conclusion that it is a desirable coin that has been in demand for quite some time and will likely always carry a premium. It is unclear with these coins, but I think poster TomB was on to something: The proof mintages of the early 1950s are lower and also lower priced for the most part (except perhaps for cameo/deep cameo coinage). If you are relying on mintage numbers alone to make your claims (which you have been doing), then this would contradict your hypothesis. If mintage alone is dispositive, the early 1950s proof coins should be worth substantially more.

 

"[N]on-confiscatory," lol. But if that doesn't strike at the essence of what's going on, here, i.e., exploitation, I don't know what does. Sad, because, as everybody can see, these are very beautiful coins. Nobody can take that away from them.

 

Is that an oxymoron lol.

 

Also with these dimes comes a little of both classic and modern imo. It was a smart idea of the mint to have minted them in 90% versus simply clad.

 

No, he mentioned earlier that not just "proof set people" will collect these dimes. Business strike collectors collect proofs too, especially if they're affordable. I thought he'd reiterate this, but apparently not.

 

Based on how secretive the Mint is, often all we have to go on is a SWAG. The last time the Mint leaked some good info was for the 2011 ASE set, where something like 75% of the orders were for 5 sets. Comments on CT seem to support the theory that most ordered more than one set. So, let's say everyone ordered only one set. So, there's between 25k and 250K ASE collectors. The point being, it's not the number one collected coin, it is the number one stacked bullion.

 

So, you think running out of stock and going to a three month backorder a couple hours into ordering had nothing to do killing sales, delaying a sellout?

 

As PCGS says, "Do your homework". Sure, most moderns will not be a good investment, yet these dimes will not fall into that class. As has already been pointed out, the 1950 & 1951 proof dimes are a poor comparison, they are Philly mint, the same as business strikes, so many collectors don't feel they need them - many collectors can't tell the difference between the proof and business strike. I have them, but apparently many don't care.

 

Who knows who the replacement will be, but, I wouldn't discount the possibility of a woman. There may be strong support for a woman on a coin that actually circulates, rather than dollars that no one wants. Eleanor Roosevelt comes to mind - perfect companion to the Franklin Dime.