I know that I had posted a question before about the 1996-W Roosevelt dime but, I decide that I needed one for my collection and I began the search. So naturally, I began to wonder if the major coin companies had them for less, minus shipping of course, than the one I found at my local coin shop. I couldn't find any for sale through the few coin companies I searched and when I went to ebay they were selling for far more than I had paid. My question is this; Is this coin a good investment with a relatively fast climb in value like say the 1995 DD penny? My local coin guy has several at about $25 each and I know it's a little high-priced but I'm considering buying the rest of his stock. Any thoughs?? It's a nice looking coin but the picture was taken through the plastic.
Search this forum for INVESTING....that will help you know what coin is good for investing in....nobody can say for sure if this coin will go up or down...tomorrow somebody could sell a hoard of 1996-W dime and the market would fall like a hot potato. Speedy
Personally i like the 1996-W dime. I have several raw ( one i sent in for grading and it came back MS-67 full torch! ) For that price you can purchase the entire mint set for 1996! make sure it comes with the dime though, as many of these sets have been broken apart for the dime. I purchased several mint sets for about $25... if you can purchase the entire set. since so many of these sets are being broken apart, i beleive that the intact sets will go up in value. this is just my opinion... take it or leave it
There really aren't any hordes of '96-W dimes. Thereare probably a few accumulations of up to 1,000 pieces but this isn't like the '50-D nickel where some people went to the fed and bought large percentages of the mintage. They were distributed mostly in lots of "5" and many of these have already been broken up. Speedy had a great suggestion that you search "investment" before you consider buying any coin as speculation and it's certainly true no one can predict the future. I personally like the chances of this coin escalating in price as the years go buy and have bought some '96 mint sets for this reason. (in addition to collecting and promoting, I do some speculating). The price has doubled in the last year which makes it less as a speculation but there can be more room for growth. The '50-D nickel had a much higher mintage and got as high as about $150 in today's money and there were fewer collectors in those days. The clad dimes make a great set which can sell themselves and there are billions of little advertisements in circulation for this coin. I believe more strongly than ever that they have a great future and more people will discover their charms and the great fun that can be had collecting them.
CladKing has good advice! RanchHand do U mean full band or have they started a new designator? Thanks
The Mercury dimes have the designation Full Bands - the Roosevelt dimes have the designation Full Torch.
Thank you very much. ...But, yikes!! I try to avoid giving any sort of advice except to ignore most advice. This goes double when it comes to buying and selling coins.
This is the definition used by PCGS - Full Bands Term applied to Mercury (Winged Liberty Head) dimes when the central band is fully separated (FB). There can be no disturbance of the separation. Also applicable to Roosevelt dimes that display full separation in both the upper and lower pair of crossbands on the torch. This is NGC's definition - The designation FB for Full Bands will be applied to Roosevelt Dimes having both upper and lower pair of horizontal bands split with no major interruptions in the split. The FB designation will not apply to proof coins. NGC's definition of FB for Mercury dimes states that all bands on the facses must be split with no breaks. You can find more complete and better descritions of the grading designations used by the grading companies in their respective grading guides.
CoinWorld's "coinValues" magazine stated, "the 1996-W Roosevelt dime, issued to honor the coin's 50th anniv. has the lowest business strike mintage and is the KEY to collecting the entire series".
I seems pointless to call the 1996-W Roosevelt's full band or full torch when they were never circulated and thus have no wear. Unless it was a poor business-strike in the first place I suppose.
Circulation has nothing to do with it. The designations are used purely as a way of defining the quality of strike. These designations are only used on uncirculated coins.
