2009 D Dime Bank Box

Why would Hoopla cause you to buy 2500 dimes? Dollar Signs$$$???

 

Log in or Sign up to hide this ad.

FYI - You didn't buy "String wrapped" coins, as there are no such things.

NF String & Son manufactures and prints coin wrappers, which are filled by the banks, armored car companies, and others who buy them.

 

Fore the same reason that anyone would invest in something. I suppose the investments that you make, no matter what they are, you take the approach of "well, I hope I break even". Good luck with that strategy, bud. Who the hell does not make an investment with the goal of making money at some point down the road?!?! If you call that greed, and it would be stupid to do so, then yes I am greedy...and your logic is baseless.
Laimbeer4452

 

If you search them it will improve your grading skills and you may walk away with a NON-SATIN ms67 fb (or 2). Which when certified will bring heavy duty money.

 

lol, good luck with your investment...:smile

 

looky here:


http://cgi.ebay.com/2009-D-Roosevel...em&pt=Coins_US_Individual&hash=item23073cecba


http://cgi.ebay.com/2009-P-Roosevel...em&pt=Coins_US_Individual&hash=item414f77d602

It looks like the 2009 D is the rare one. Seriously you may want to pick out the ones with no dings and a good strike.

he got $75 for this one:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160434777341

 

Four score and...Abe's getting on my nerves. :hammer:

 

You'll get over it, good nite...

 

Indeed, indeed...good night to you as well.

 

Why are 2009 P dimes selling for so much more than the D? Did I read the mintage figures wrong?

 

I agree

It isn't so. I think you made an excellent move. Didn't want to comment 2-3 weeks ago because I had not yet purchased and received my own box, which I have now done, for $400.10 including shipping. A little more than you paid, and in my opinion, a ridiculous amazing bargain.

Are you kidding me? The lowest mintage clad Roosevelt, by far, probably ever? (2010 is already higher.) The lowest mintage Roosevelt of any kind since 1958? Bank-wrapped uncirculated? For 16 cents a coin?

You and I will both do fine. Our worst-case scenario is that we are forced to sell for face value, losing 3/8 = 37.5% of our investment. And that won't happen unless we're desperate for cash on short notice. What's the upside in the next year or two? More than 6 cents per coin? Probably. So probably more than 100% return in two years on the worst-case amount at risk. I only wish I could have afforded to buy more.

 

Well lets see. If i crunched the #'s correctly, 50 rolls of dimes would be 2500 dimes, or $250.00 face. you overpaid. but if you can sell each roll on eBay, let's say, 12 bucks apiece plus free s+h, that's 600 bucks! You could make quite a bit off of these!

 

Did I overpay? Silly me. But I guess I just can't help myself. How many bank-wrapped uncirculated rolls of 2009-D dimes do you have to sell at $8.00 per roll delivered? I'll take up to 20 rolls.

 

I suspect the mint is now manipulating the market by allowing the coins to trickle out. It makes the mint sets and rolls seem like less of an outrageous price. After the initial demand has driven up the price, they release the bulk of the coinage into circulation and fulfill their Constitutional mission of providing coinage for commerce.

It has followed the accidental model of the 1955-S cent which everyone, collector and the general public alike saved in hoards. The price is now where it was in the late 1960s when I began collecting. Or the Barr dollars of the 70's to give a second example which I recently spent into circulation. These 'collectables' have a minimal premium over time after the initial hype runs it's course.

 

While I understand what you are trying to say, I'll kinda disagree in that the US Mint has little to do with the release of these coins or their availability in commerce. The US Mint produces coin based upon projected orders from the Federal Reserve Bank. What is ordered gets shipped to the bank and its the bank that releases the coins to the public. Not the US Mint.

As for the OP and his 2009-D Roosevelts? I expect he'll come close to breaking even on his investment as that "lowest mintage" phrase will stick around for a little while. But I also expect that the appearance of these at "public" banks has more to do with the increase of orders by the Federal Reserve as indicated by the increased production of 2010 coins at the Mint. (406 million and counting) What this means is that the Feds are releasing the Roosevelts in storage (2009) due to orders from their member banks and the Feds need to replenish their stock.

However, 45 million, regardless of being the "lowest mintage" is still a heck of a lot of coins and should these start appearing in pocket change on a regular basis, profits will be difficult to reap.

Generally speaking, the best time to reap the profits on modern coinage is when folks are still willing to make that "gamble" and it appears as if the window of opportunity may be narrowing on these dimes.

Good Luck!

 

I've sold 2 boxes of 2009 d dimes for $400 each. I'd never pay over face for them. I don't see them ever being worth much more than face, but I will gladlly let buyers give me $400 a box for them. Also sold a box of 2009 d nickels for $500. I have not kept a single roll of any of them.

 

Perhaps not, but describing the rolls as "NF String wrapped" does demonstrate your serious misunderstanding of what you got.

NF String does not wrap coins. Again, NF String does not wrap coins. A third time, to emphasize the point, NF String does not wrap coins.

NF String & Sons, Inc. manufactures, prints, and sells coin wrappers and other supplies. Anyone, including Brinks, you, me, or your cousin Sadie, can buy their wrappers.

As a result, the fact that coins are rolled in an NF String wrapper simply doesn't identify whether the roll was created by a Federal Reserve contractor, an armored car company, a bank, or a 10-year-old emptying her piggy bank.

 

Definitely NOT a 10 year old emtying a piggy bank. LOL

 

I was the first to find and sell 2009P dimes on ebay. I was amazed at the prices I got for them and ended up making about $2000 profit for 27 rolls and a bunch of circulated ones. I wish I could find the 2009D dimes, but so far have only found one coin.

If it were me, I would sell individual rolls on ebay until I made up my cost and keep the rest. My opinion is that over the long term, these prices will come way down.....they made 46 million of them. I could be wrong though......

 

Y'all are mocking, but I paid $8 per roll for $5 face. How can "these prices come way down"? Worst case is a loss of 37.5%, if I spend them or put them in the the bank. The $3 premium is handling charge. Even the commonest rolls cost that much. Right now 2009-D dimes are readily available, but that won't be true in 6 months or even 6 weeks. Go looking for rolls of 2009-P dimes and nickels, you'll find some but not many. Two months ago there were plenty.

You know that expression, "Buy low, sell high"? I have no idea about the future, whether or not I can sell high. But this sure feels like buying low.