2009 D Dime Bank Box

Does the fact that I just paid $379.50 for a bank box of 50 rolls of BU NF String wrapped 2009-D Roosevelt dimes make me an idiot? Did I just caught up in the hoopla of what I was reading online? Tell me it isn't so...

 

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sorry, not gonna lie to ya.. I'll plead the fifth.

 

well, paying over 50% more than face value does mean you bought into the hoopla. Question is...once the craze has died down...will it still be worth that much (or more)? Personally I don't think so, but I could be wrong. Being around 50 million 2009-D dimes, I dont see that being a long term premium.

I look at it much like the LP1-LP4 cents when they came out. HUGE demand for something brand new and people willing to pay much more than face value, but over time once it's no longer "brand new" then the price falls. Personally, I have no problem waiting to fill the holes in my albums until I can get them for face. I already have found several 2009-P dimes, just waiting to find a D.

If you bought these and want to sell them, Id probably do it sooner rather than later so you can strike while the iron is still hot.

That's my $0.02

 

Thanks for the honesty...I might just sit on these for a good long time, despite the fact that I may be able to capitalize in the short term. I will say, in doing a search (albeit, through eBay), I do not see any BU bank boxes of any year prior to 2008/9/10 on any coin. Thanks for the feedback.

 

this is one that time my get you more money than you payed.or sell while the still hot???

 

It's all relative.

When the 2009 P nickels came out I sold 10 rolls to a gentleman for $950 per roll.

 

I would bet that you could sell individual rolls right now and make a decent profit. Who knows what you might get in the future? TC

 

I think it depends on one question. How fast can you sell them?

I don't think that you bought them to hoard them. If you did, well then I don't want to say that you're an idiot, but that would definitely qualify you.

If you bought them to sell them or to sell some and keep some for free, then my question is this:

They're currently all over eBay and prices are dropping daily. Can you sell most of them and get at least your money back only to keep a few rolls? It may be a bit late, but time is working against you more and more every day.

 

So you made almost 10 grand off of $20 in nickels? That's incredible...:bigeyes:

 

what is so great about them nickels that they are worth $950?!

as for the dimes, i would sell now, if you can make some money. i just don't see them being of any value for long.

thats just my opinion though and would have never got them in the first place. but some of the junk i buy, you probably wouldn't buy!:goofer:

 

In perusing this site, I have seen countless folks getting very excited about having been given a 2009 dime at their bank or local store. With that being said, would it not be worth sitting on for quite some time (10-15-20 years) in the event that this becomes a key date? I really don't see many bank boxes for auction of any coin in BU condition. I am just not sure that given the dramatic decline in dime production in 2009 relative t other years that this might be something to just hang onto for a while...let it get dusty in the safe.
Laimbeer4452

 

By the way, my position on any investment I have made in either PMs or numismatics (mostly silver bullion) is very long...15-20 years. this may tie in nicely with that strategy, but please offer feedback. Thanks.
Laimbeer4452

 

They will be spendable in 15-20 years....

Sell them while they still might have some premium left... These coins are going to get cheaper with time.

Why?

People have been scrambling to get them because the fed still has most of them. This is causing an artificial shortage. As the fed releases the coins and more and more people can get them at the bank any premium they may have evaporates. I have heard from my friend at brinks that have started to see a lot more 2009 nickels and dimes on their trucks in the last few weeks. So it might already be past the point of no return.

 

Sell them and make the profit now if you can.
Holding them will be like holding a 50D nickel...yes it will go up in value after maybe 20 years but that purchasing power will be less as inflation will eat the heck out of any "profits" you made.

SELL
Sell
sell

 

that is exactly how i think it is going to go down.

 

Yup, and greed...

 

The first nickels were selling for $120 each. This buyer thought they would continue upward. I sold him another 30 rolls at $450 a roll, when prices dropped. He was a rich, highly educated man who gambled and lost.

 

Come on, Abe. Hoopla...without a doubt. Greed? I don't even know to what you are referring. If in some way you are referring to my purchase as greedy, do explain because you make no sense with that one...
Laimbeer4452

 

Wow.

 

$250 face value. Are you going to search them?