1996W Roosevelt Dimes... who's buying these for investments? I'm curious as to how many others are after these.
Mr. Can You Spare A dime? I think this coin has the potenial for being a very desireable collectible because: This is the first appearance of the West Point, New York mintmark on a United States Dime. Issued and sold originally only in Mint sets. There are only 1,457,949 coins minted. Thats 500,000 less then the amount of proofs minted for that year. It is also a tribute mintage to the late President Roosevelt. They also retail for $25.00 a piece or in that ball park at MS65. I personally would like to own a least a roll of this coin. I have one and that's a start.
Just Need Lots of Money My problem with optaining this coin is that usally I find them for sale as part of the mint set and because it is known as a special mint everyone selling is tring to capitolize on this one coin. I have yet to see this coin sell for less then $30.00. That's not to say that it hasn't, but I sure would like to find a source were I could get a deal price and really make it "an investment" out of this collection.
I was lucky enough to buy two of the three I have for $16.00 each and paid $17.00 for the third. I don't think that will happen again the way it's moving up. I am trying to stay at $20.00 or less, if possible.
I'd strongly recommend just buying the mint sets. The chances of getting nice original coins that haven't been picked over are much higher and you save very little money by not getting the whole set. While this coin is a very good bet, it should be remembered that the attrition on it is paltry compared to the attrition on the other dimes in this set. The quality is excellent and there will be thousands of nice choice examples well into the future. The other clad dimes though are still being mostly ignored and used up in circulation. It's entirely possible that the P or D mints could actually exceed it in the future. Look at the 1982-NMM dime. Only about 10,000 of these were believed to have been released to circulation while there were hundreds of millions of the regular P mark coins. Yet today in very high grade the P mark can actually exceed the value of the NMM. It was difficult to find back in 1982 but it was a far sight cheaper to acquire. You could pick up the NMM for $100 or for 10c you could pick up a nice P mint at most any bank in the country.
I have a question,were all of the 1996W dimes released with this packaging inside the mint set or did the Mint also sell just the dime by itself? Somehow,I have two like this.
Go Roosy go! I covered all my bases in this one. I have several that I had slabbed (MS-66), several are still in the original packaging/set and several are raw.
what I like seeing in my 1996 Unc set is the postcard with the mint employee with a bare hand(ful) of dimes.. hoping they aren't 1996-W's
Too bad they chose the dime for the "W" mintmark. If the mint instead decided to make a 1996-W cent, quarter, or half, then I think the demand would be huge. But unfortunately I think of the modern coins, the dimes are the least popular of them all.
It was issued to mark the 50th anniversary of the Roosevelt dime. Phillip Diehl wanted a way to thank the long term mint set buyers and came up with this special coin. If it had been another denomination then sales would have pro- bably be better. As unpopular as the dime is, at that time it was more popular than the quarter.
I had stopped in a coin shop in Peblo CO back in 98 and saw these dimes in the show case and asked about them. Hadn't been following the hobby didn't know about these being minted and I thought a West Point mintmark was neat and purchased a couple of them for around $10.00 each I believe. Forgot about them until I saw this post, sure glad to see they have gone up in value. Wish I could say the same thing for everything I bought.
