The forgotten dime and penny

you are on your own.

rule number 1 of CT is to never disagree or argue with elaine

 

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2009 cents, nickels, dimes, and quarters will be very hard to see it change hands at the daily transaction. maybe the 2009 dollars too. of course the halves is not for general circulation. well. what about 2010?.

 

I really don't enjoy all your constant ranting and speculation; not to mention your garbled words and posts.

 

now the mint producing more nickel. it might continue to produce more dime too.

 

Elaines posts are useful for the mintage figures. He/she is really up on that.

If you're not flipping, it's probably better to be spending your money on regular purchases.

Basically we've seen this before with the 1931-S lincoln and the 1950-D Jefferson being the most obvious examples. OH - It's going to be rare and everyone hoards them. The 1950-D Jefferson was worth more in the past than it is now........

 

Wow. This is such a great post. Please forgive what may seem like a rambling post, but I do wish to address several of the items of which various members have already commented.

So, the first issue: What of the dime and penny?

I know I am a young one in the arena of professionals with years of experience, but I find that the dime and penny are both valuable coins to this hobby. As many has mentioned in my post about their first coins, it seems that the penny served for so many as the "gateway coin" of coin collecting. I'm sure that many people start with the penny because of it's relative ease to read, acquire in change or in large rolls such as a bank, and because of the simplicity to fullfill a decent collection. I don't think the penny will ever loose steam in the collection world because of the aforementioned facts. As for 2009, it only served to heighten the expectations and collecting envy of penny collectors of past, as well as bring more collectors to our hobby, just like the statehood quarters did before it. In short, I don't think that the penny is undermined by our hobby, it simply seemed a bit forgotten by the professionals until the 2009 series arrived...but then again, maybe I'm wrong.

As for the dime, maybe I'm biased, but I do find that it's a bit lacking in representation. I have a BU collection of Roosevelts and a VF-XF collection of Mercs, with my favorite being the 1921 P in F I saved for four months to acquire. I am proud of every dime I have acquired, and I see dimes as valuable in two main senses. First, the moderns are easy to collect. Any semi-serious collector can put a modern set together without much worry as to huge investment (such that would come with a Morgan set) or to completing the set (I think I'm only missing three from the two sets mentioned above). There simply isn't much competition out there for dimes and I'm sure that novice collectors, such as myself, enjoy this fact. Buying and bidding on various dimes seems low in comparison to the typical dollars, halves, or even quarters. Secondly, I find dimes a masterpiece of art. They typically represent the coin with the smallest amount of area, and still they say so much in the art they represent (especially the reverse) as well as the history. Everyone I'm sure knows and appreciates the downfall of the Mercs because of scare of Communism. At the same time, one cannot help but squint their eyes in trying to behold everything on that reverse...horizontal, diagonal, vertical sticks in the fasces, the olive branch, the mint mark, not to mention the braids of Liberty in the front. There is just so much to behold on an area no bigger than a fingernail. The same goes for the Roosevelts. Everytime I see one I can't resist looking at that reverse to see all my eye can see. So, in short, yes, dimes may be the underdog of coin collecting, but for some, that's exactly how we like it.

Now, finally (sorry for the long post), as for current trends, I would hope that the mint leave the dime as it is. I'm sick spending what could go toward my dime fund to keep up with variations for one denomination...maybe that's just me though. The quarters were fun, the dollars commendable, the nickel begins overkill, fed up by the time the penny arrives. Leave the dime alone for now, for goodness sakes. As for the market, I'm not a stocks or mintage analysis, but I'm sure 2008/09 will be like most other years, just another affordable but interesting year for those penny hunters and dime enthusiasts. Again, sorry for the long post, but definately a great subject. Thanks,

Brad

 

few more months left before going to 2010. the mint is still not producing additional dime and nickel in huge amount.

 

Brad, I honestly have no idea to what you are refering. Please enlighten me?

 

If my source of merc dime history is correct, the Merc dime was frowned upon for a couple reasons:

1.) The reverse has the typical fasces with ax, a symbolism of Itialian fascism. Granted, most people ignored the olive branch also associated with the fasces, but seeing as the war was over, this symbolism was not favored by many Americans.

2.) The winged-capped liberty was mistaken by many to be Mercury. Mercury was the god of property ownership and wealth. Many found this as a prelude to communistic ideals surging in America.

3.) Finally, many people seen Adolph's initials on the first as a sign of communism overtaking as many denominations from communists nations bore the initials and/or images of the dominant leader. Furthermore, the name Adolph didn't help matters with Hitler around.

There are some who buy into this, but I'm more on the line people just wanted to honor the beloved Roosevelt when he died in, I think it was 1945? So they changed the Merc to a Rosie. Maybe my sources are wrong, but that is what I gained from it when I first started collecting my favorite series.

 

for august. the mint did not produce any of the dime and nickel.

 

it is also time to change the design of dime or ten cents coin. or change one side will do. hopefully mint is listening.

 

My first and favorite collection is the Mercury (Winged Liberty) dime. There were still quite a few in circulation with I was young. I HATED the Roosevelt dime. I didn't much care for any of Sinnock's designs at the time.

I've since come to appreciate them. I really got interested in the dime when they started making 90% silver proofs again. The dime and half dollar are the only two (2) silver coins that are restricted to the mintage of the silver proof sets. The other coins are released in other sets.

I love collecting rolls of PQ DCAM silver dimes (1992-Present). I know a couple of dealers that sell 30% to 50% above bullion depending on date...which seems like a good deal to me. I hope they will be handed down for many years to come and eventually rise in value.

 

Change it to what? It would be very hard to remove a President from our coins. As much as we may want to return to Liberty...a President has never been removed from a coin once placed there. It would be very difficult to get Congressional approval to do so IMHO.

 

no more dime and nickel for the rest of the year. prices for these should be very high.

 

got three rolls of 2010p dime at face value. this is my first collection for dime.

 

Put my order down for the Marylin Monroe Happy Birthday issue...

 

it's hard to get the 2009 dime and nickel. now 2010. i got 3 roll each of the dime and cent. but 2010 seems to be a lot more.

 

It is. I have yet to see any 09 Dime/Nickel and rolls are just 2 ridiciously expensive...it's cheaper to buy an UNC set then to buy a roll lol.