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1982 No Mint Mark Roosevelt Dime ms-64
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<p>[QUOTE="cladking, post: 257742, member: 68"]It's a great coin with a fantastic story. </p><p><br /></p><p>Experts estimate 10,000 were made and released but I suspect this number is way too low. The coin is still found in circulation from time to time and I've seen examples in VG. The price is hindered by the fact that there are still a couple large hoards of these. If the price starts higher then there are sales which stop it cold. These hoards can't last forever though and any real demand would wipe them out pretty fast. </p><p><br /></p><p>The bulk of them were transhipped from a Sandusky bank to the Cedar Point amusement park in mid-'82 from the Cleveland FED. Just as these particular bags were starting to get used at the park the season ended and the remainder of the bags were returned to the Sandusky bank. It was April '83 before someone asked where the mint mark was. The Coin Papers quickly got wind of it and ran a series of stories. While the numismatic press was relatively swept away, the public was entirely unimpressed. I went to Sandusky to be first in line at the coin shop but there was no one there and the proprieter told me that I was his very first customer for them! People were still finding them at that time and selling them to the shops for between 5 and $50. </p><p><br /></p><p>There was another sizable release in Pittsburgh a few weeks later as well as a tiny release near Baltimore. </p><p><br /></p><p>The dies for this coin were poorly aligned for the first few thousand strikes and most of these went to Pittsburgh and are called the weak strikes. Apparently the press was down for a die change and these dies were realigned at this time when the press went on to strike several thousand more that are referred to as the strong strikes which are those which ended up in Sandusky. "Strong strike" might be a little bit of a misnomer since the vast majority of these have a weak strike on the date and periphery lettering. </p><p><br /></p><p>As far as price potential one has to wonder when you consider the potential demand. It really seems little underpriced even in light of current demand. Wait a few years and we'll see.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 257742, member: 68"]It's a great coin with a fantastic story. Experts estimate 10,000 were made and released but I suspect this number is way too low. The coin is still found in circulation from time to time and I've seen examples in VG. The price is hindered by the fact that there are still a couple large hoards of these. If the price starts higher then there are sales which stop it cold. These hoards can't last forever though and any real demand would wipe them out pretty fast. The bulk of them were transhipped from a Sandusky bank to the Cedar Point amusement park in mid-'82 from the Cleveland FED. Just as these particular bags were starting to get used at the park the season ended and the remainder of the bags were returned to the Sandusky bank. It was April '83 before someone asked where the mint mark was. The Coin Papers quickly got wind of it and ran a series of stories. While the numismatic press was relatively swept away, the public was entirely unimpressed. I went to Sandusky to be first in line at the coin shop but there was no one there and the proprieter told me that I was his very first customer for them! People were still finding them at that time and selling them to the shops for between 5 and $50. There was another sizable release in Pittsburgh a few weeks later as well as a tiny release near Baltimore. The dies for this coin were poorly aligned for the first few thousand strikes and most of these went to Pittsburgh and are called the weak strikes. Apparently the press was down for a die change and these dies were realigned at this time when the press went on to strike several thousand more that are referred to as the strong strikes which are those which ended up in Sandusky. "Strong strike" might be a little bit of a misnomer since the vast majority of these have a weak strike on the date and periphery lettering. As far as price potential one has to wonder when you consider the potential demand. It really seems little underpriced even in light of current demand. Wait a few years and we'll see.[/QUOTE]
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1982 No Mint Mark Roosevelt Dime ms-64
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