1955 Dime Most Underrated Roosevelt?

I have an opinion on this. Is it worth posting?

Ruben

 

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I think so.

 

The short version is that I think that so many dimes have been produced that nobody will ever be willing to spend big money on common clads, even of high grade and rarities. maybe in a a century. And Silver is a much nicer metal than brass compounds, aside from the intrinsic value. I think in general collections of moderns will be limited to exceptional coins, proofs, and special additions.


It take more than rarity to make demand. It takes a general view of value. I think people generally hate modern coins.

Ruben

 

That people hate moderns has been, is, and will be their greatest strenght. The coins weren't saved because they were percieved as common debased junk. Now that a few peoplw are interested in them the demand pushes the price sky high because the supply is so thin. This appalls old time collectors who warn people away from them. But collectors are a perverse lot just as everything else is. It's the forbidden fruit which is most highly desired.

Perhaps you're right but remember that thirty years ago there was hardly a modern that sold for more than a hundred dollars. Even ten years ago there were very few that went over $1000. Today there hundreds that go into five figures and it probably won't be long till we see six figures.

 

give us 5 coins that will sky rocket (thanx)

 

I hate this since I don't like seeing people buy coins for an investment.

But here's a sense of what I'm thinking. Coins like a nice gem '79 cent can be very elusive. There are lots of collections of older cents in high grade and if many of these collectors wanted to update when the series ends in a couple years they'll find slim pickings on many such coins. You can go to the typical large show and find a half dozen nice gem '09-S VDB's but just try to find a nice '72-S.

It's the same across the board. There are rare coins and coins that are rare only in high grade. There are also lots of scarce coins that get surprisingly little attention. The '82-NMM dime or any of the gem clads of '82 and '83. There are lots of varieties and these can be a hoot. If they catch on then coins like the '68 DDO dime which appears in mint sets could easily increase many fold. There aren't so many of these sets left and only about 1.5% have the DDO.

Again, investing in any coin is a poor idea and that goes double for moderns.

When you consider that the '50-D nickel went to $160 in today's money and most of the clads are scarcer than the '50-D even in MS-60 one has to believe there could be potential to increase. Most modern collectors don't like ugly moderns and this greatly reduces the available supply much further.

 

I think that rarety is not enough to create demand. There are countless examples of coins where VG examples are actually harder to find and MS63s. <shrug shoulders>

There are more 1909 -s because the deamnd for them is great. How many requests are for 1909-s at a coin show rather than a 1972-D Lincoln?

To be fair, I think you'd have to look at 1950 coins as not being all that modern, and nickels are nickels.

In terms of post 1964 clad coins I do believe that there are exceptions to this rule. I do believe that High Grade Kennedy's, Eisenhower Dollars, untarnished Sac's, super high grade modern errors, and maybe Susan B's will become more collectable.

Proof Sets and some Mint Sets also will gain value over time.

The government did everything to make the coins viewed as worthless utilities used for transactions and to emphasis the ink in a passbook savings book as a real value. In that it succeeded and boring ugly designs which were poorly struck was a large part of that. I don't see many people buying boxes of Washign Quarters in search of a 1982 MS 62. But that is just one man's opinion.

Ruben

 

But the point is that not only are the '09-S VDB's available at shows but the atendees have them at home in their collections. Certainly the strong demand for this coin gets them to the show but it's the "wide" availability that makes it possible. It's also true that higher prices for the '72-D or S Would make them come "out of the woodwork" but to a surprising extent these coins simply don't exist and no price can make them as widely available as the '09-S VDB.

Lest someone disput this allow me to clarify this statement a little. This specific date is not scarce in gem but it does have a very wide range of mintage quality. The '09-S VDB by contrast tends to be well made but many have not been preserved well. What I'm talking about is the high end of both coins which is more like 66 for the '09 and 67 for the '72's. There are some later cents that are definitively in lower supply in nice shape than the '09.

Obviously you're right that rarity doesn't create demand or everyone would be out trying to get one of each shape of snowflake, but these are US coins. People have shown a taste for US coins for two centuries now. In the last ten years significant numbers of people have come to embrace these moderns and many are up hundreds or even thousands fold. This has really been going on world wide and there's no reason to suppose it won't continue. While it's already far surpassed most peoples' expectations it is still small relative the older coins.

 

This is why I begrudgingly keep every nice Sac or SBA I find.

 

hi, i'm just starting this posting stuff but i am currently collecting roosevelt dimes and the PCGS and NGC roosies with full bands or full torch designation are the way to go....much more difficult and unfortunately more expensive

 

http://cgi.ebay.com/1982-P-SLABBED-UNC-ROOSEVELT-DIME-PERFECT-COIN

Here a perfect 1982 dime for ya

http://cgi.ebay.com/1982-P-SLABBED-...l?hash=item2ea3a7946c&_trksid=p3286.m20.l1116

 

...the way back machine.....

but the thread is a good one. anyway that dime is slabbed by a lesser company and the pic of the coin is less than a centimeter in diameter.

 

it would be nice if you could see it...

 

but that would ruin the illusion that it's MS-70, Ruben!

 

Gee, I hope Coindawg666 didn't feel like a thread killer and give up.

Come on back.

 

I paid $21 for this coin and it has a population of 513/2.



Rodney Dangerfield!

 

That is a remarkably good price. The date comes fairly nice though and if they had more value there would be more submitted.

This coin isn't really common above gem though.

 

The Roosevelt set in MS has become kind of like being caught between a rock and a hard spot.

There are rolls and rolls and rolls of UNC roosies out there. The thought of paying $20, $30 and more for MS-64/65 speciman doesn't seem to make economic sense. But you don't have much choice. This is where the impatient hole fillers lose big time.

 

I would have paid that any day. In my opiion that is a great deal