My New CherryPick is a Beauty!

I saw this Roosevelt dime on Ebay recently, and I had a whole bunch of Ebay Bucks, so I cashed them in. The original asking price of $250 was a little bit strong, but I liked the FT.

So, it arrived and I started looking at it closely. I noticed something peculiar on the reverse..... A boldly repunched mintmark! Did a little research, and realized that this is the RPM-004, FS-504: http://varietyvista.com/07 Roosevelt Dimes/RPM Detail Files/1947SRPM004.htm

After doing a bit more research, the only sale I could find in a similar grade is a PCGS MS-66 FB which sold on Great Collections for $512. Mine is PL.... which makes it even more valuable! Cherrypick for the win!

 

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Nice find.

Nitpick in good humor, but isn't it a cherrypick only if you know about it before you buy it? Otherwise it's just lucky?

 

What the doggy said.

 

I suppose you are technically correct. I've always used the term both ways. Either way, I win on this one!

 

Indeed!

 

I like this coin, but I don't quite get how the RPM is so valuable in this case. There are so many RPMs, many of which are as bold as this, and I don't notice a lot of them going for huge premiums. The PL, OTOH, I can definitely see garnering a nice premium.

 

I have no idea why, but I do know that auction history indicates this variety sells for a significant premium. Here are two sales I found:

https://coins.ha.com/itm/roosevelt-...-29233.s?ic4=ListView-ShortDescription-071515

https://www.greatcollections.com/Coin/208102/1947-SS-Roosevelt-Dime-RPM-FS-504-PCGS-MS-66-FB

 

If you did, you'd have a lot more money I will bet.

 

Nice pickup Jason!

 

No amount of planning ever replaced dumb luck.......my life.....

 

Fivas and Stanton give this variety a URS-8 Saying that there are around 65 to 125.
Yet every resource I have says that there are only 4 known. Wexler doesn't even provide photos of this variety.

Nice find! add in the Pl and that is for sure a winner!

 

I think there are a few of these out there undesignated. In researching PL examples of the date for price comparison, at least one or two mentioned there was a "clearly repunched mintmark," but didn't designate which one: https://coins.ha.com/itm/roosevelt-...37-400.s?ic4=ListView-ShortDescription-071515

I suspect that some of the other PL's of the date are probably also RPM-004, but the pictures aren't clear enough for me to tell in the Heritage archives.

 

I found two others in PL I believe. a 501 and a 503. There are 6 RPM's for the year and an OMM S over D.

 

Gotta love the accidental cherrypick! Congrats!

 

As a dime guy, I'm in envy. Sweet find! Out of curiosity, what's the grade? 66 PL?

 

Really nice find.

 

Oh, sorry. 66 FT PL

 

I'm all in favor of happy accidents! Congrats on the find, and good looking dime.

 

Dimes are boring. This was a pointless read.