Update on my Rainbow-toned 1964-D Roosevelt Dime

Many of you so-called veterans and experts suggested that I not get this coin graded, and that it was only worth it's silver content. So I'm reporting that I did have the coin graded and here are the results: "MS65* FT" (that is, MS 65 with a "Star" and "Full Torch" designations. I called and inquired about the 65 grade, and they advised me that (microscopically) it showed evidence of being "wiped" and had scratches, so the grade was lowered. So the grade would have been even higher had that not shown on the obverse. BUT they even missed some doubling on the reverse (that's obvious in at least 5 letters), so I resubmitting it for regrading. Thanks for the previous input, but I'm glad I didn't pay attention to the guys who responded because they were wrong!

 

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Its still not worth grading. A MS65 FT dime is worth just over $20. how much did you pay to have it graded? Probably cost more than the coin is worth. And you are sending it in for a second time. Thats why we "so called veterans and experts" told you not to send it in. its just not worth it.

 

I would say anything $20 and up but its worth whatever someone is willing to pay for it.

 

http://www.numismedia.com/rarecoinp...mft&searchtype=any&searchtext=fmv&search7=any
this is a useful site for coin value. Its what I always use. It says here that the coin is worth $21.25

EDIT: the toning can add a few dollars to value, but not enough for me to send it in. In fact, I have a 1954 dime that looks the same as the posters dime. I'm not going to send it in.

 

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I doubt its true doubling your seeing and I think resubmiting was a mistake its most likely not a doubled die.

 

I've found plenty of dimes CRH with similar toning and im not sending them in not worth it just as the op's coin yes my value was kind of high and I agree with your opinions.

 

Congrats on sticking to your guns, you now have a coin that regularly sells on Ebay for between $3 and $20.

How much did the grading cost you plus shipping both ways? and did I read that right, you are sending back to be re-assessed

 

I do have mad respect for those people who refuse to believe the experts and put their money where their mouth is.

no better way to learn than the school of slim wallets

 

Thats a shame.
Graded doesn't mean your coin is suddenly worth a bunch of money.
You slabbed a coin that would sell for the same amount of money raw.

I don't see any doubling to be honest with you.

But you sent it in anyway. A second time.
I don't know what you think you're going to get out of this.. are you resubmitting just out of spite to get back at what you thought was bad advice here?

You can send every coin in the world in for slabbing if you want. It means I can buy them later for a slightly higher price than raw, and I won't have to foot the money it took to submit.

you're missing out on a lot

 

The thing about CT is you have to weed through the rookie replies. It was not worth having graded from a monetary standpoint but worth it for the purpose of your personal education and even the education of rookie members.
I see a lot of die polish lines on the obverse but no sign of the wipe.
The NGC obverse photo really makes the colors pop and they should be much more stable in the NGC slab.

Edit to add - My comment about rookie replies was not regarding any members who stated it was not worth the grading cost.

 

And how much was the grading cost including shipping? I know what NGC is charging. And assuming I read your post right and you resubmitted, you've spent much more on grading than what the coin is actually worth; even in a 65* holder.

It seems from your remarks that you took our assessment of your coin's value personally. It wasn't our intention (at least not mine) to make you feel bad about your coin. But I really can't help but feel as if this whole venture was some personal vendetta to say "HAHA gotcha!1!1!1!!" to people who were trying to (and would have had you listened) help you.

Whether you believe you made off well or not, I hope this was in some way a learning experience for you.

 

I have been actively collecting for 70+ years. I have never sent a coin in to be graded or 'assessed'. I consider the grading business to be just that - business. If you are actively buying and flipping coins and know what you are doing, it is fine. If you just want to say "mine is better than yours" you can say that in the coffee shop or in the forum with little or no cost. I don't care about status symbols myself.

 

We see lots of new posters show up here asking "should I get this graded?" and then arguing with people who say "no". Those threads often end with "be sure to let us know what grade it gets after you've submitted it."

I refuse to do anything but praise someone who actually does follow up with the results.

 

I have no dog in this fight, but I don't see how you can say he has "spent much more on grading than what the coin is actually worth." The star designation alone is going to drive the price above $50. The grading cost is $22 for economy tier and if he piggybacked off someone else, the S&H was probably less than $5. Even if he submitted it twice, he's still breaking even on the grading fees.

 

Many of you are missing the color aspect of that. That is not a coin that regularly sells as they just don’t exist. There’s enough of a color premium that it was worth it

 

I guess we will see when he gets it back from grading a 2nd time.

Ebay sales say it could be worth up to $20 to someone, NGC says MS65 FT * goes for like $30. with 262 higher graded.

So I guess it comes down to the star on it and what that means,,, a better than average eye appeal, and what potential buyers are willing to pay for a 1964 D.

Will he sell it? Who knows, so really, going beyond knowns into speculation and supposition, of what it could sell for,,,, I mean it could also be seen as a nicely toned scratched the heck up dime, that got past NGC, that's one way to look at the "eye appeal" they gave it a star for.

Maybe it's worth 1916-D Merc prices now, I mean it's so pretty and all. Maybe it's worth a million dollars now, it's so unique.. who knows unless it's put up for sale.

 

redwin117, is that you?

 

Reverse photo? The NGC photo would be the best.