What to do with a roll of BU silver Roosevelt dimes?
burghman
Posts: 1,024 ✭✭✭✭
Continuing to go through an inherited coin collection and I have a question (and some info I came across to show that I’m doing a little research and not just leaning on you fine folks!). I have a roll of dimes labeled “BU” that had a price tag of $39 dated late 1979. One is a 1959 and the other 49 are 1964 (all D, I believe). Should I expect a dealer to pay extra if they are truly BU or would these sell for the same price to a dealer as grungy circulated dimes? Should I look at them individually and try to perhaps submit some for slabbing (which could result in 50 “can you grade my dime” threads 
)? It looks like they’d have to grade MS67 for any to be worth the price of submission, and I have a hard time believing that BU = MS67 across the board... I checked for Full Bars and I don’t think any qualify (not surprising, from what I’ve read). I’d like to think I could get better than bullion for them based on condition, but that might not be reality. eBay has them going for between $1 and $3.50 each, so that’s an option (though shipping and commissions take a bite out of that). Any advice? Here’s a sampling of the obverse - “brilliant” seems accurate to me as they are shiny as anything new that I find in my change piles!
Jim
Best Answer
-
oih82w8
Posts: 12,511 ✭✭✭✭✭
IMO, They are not worth the slabbing fees since they are common dates.
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...3
Answers
Looks iike bullon to me. Have a local trusted dealer look them over if you like, but stashing them with your bullion may be best. 64's are very common.
Common dates but nice silver.
No premium, very commonly kept as last year of silver (90%). 1959 is also a common coin. No grading, just sell as an UNC roll or stash.
bob
Darn. Thanks, guys - this board and the contributors are awesome!
Jim
All of the above. Generic unc bullion, but nicer than circulated.
I knew it would happen.
Small premium on ebay, but the fees eat it away.
Successful Trades: Swampboy,
Keep in mind 3 prices:
Face Value
Numismatic Value
Bullion Value
FAce Value, easy, 10 cents
Numismatic Value: In BU maybe $1.75, retail
Bullion Value, tied to price of silver, about $1.23 each
Scruffy 90% silver basically trades at bullion value, maybe a little higher maybe a little less, due to wear, purity, and ease of handling.
If silver tripled in price, then the bullion value jumps to $3.69, but the numismatic value will not triple, as the collector market can't keep up. The rising price of silver "overwhelms" numismatic value. A coin that was 3x the price of bullion may stay relatively static in numismatic value, so if bullion goes up 4x, then numismatic and bullion values become equal.
What is the simple short version: As bullion goes up, especially quickly, you see dealers, collectors, etc. pulling "common" date and or lower grade coins out of albums, 2/2's, etc. and tossing them in the melt pot. Send the bullion price high enough, very little is immune from the pot. Say I was a dealer, and had a coin that I hadn't sold in 4 years for $25, and then the bullion price flew upward to where that coin was worth $32 melted. In a New York minute, that coin is in the pot.
In 1979 1980, silver went from $6 to $50 back to $5 by 1982. Stuff that was not "common" hit the pot by the ton. 2010 - 2011 silver went from $17 to $50, and look at it now, back to $17.
So that 1964 BU dime that you have went from being worth 10 cents, to $4+ in 1980, back to 50 cents in a year, flying past $4+ again in 2011, back down to $1.23 today. It escaped the melting pot twice. If silver flies back above $50 again, how many old times are going to dump virtually every thing into the pot, and wait to rebuy when it drifts back down again.
However, a boat load of coins will be coin (Most no one except the Internet and QVC hawker will mourn their passing) along with Grannies sterling silver, anything from the Franklin mint, and who know what.
just do what I do, stash them somewhere and years down the road you have no idea where they are
Thanks for the detailed response, MustangMan. And thanks for the laugh, CoinPalice!
Jim
From a Roosevelt collectors point of view:
They are common unc. coins. That being said there are 8 different CPG varieties listed for the 1964-D. Some haven't been graded yet. Always worth a 2nd look IMHO.
Later, Paul.
I think Ken was trying to get this one on the list worth looking for.
Hoard the keys.
I agree....definitely check them for varieties.
Where is my agree then???
I leave you likes and agrees all the time Mr. 5 stars. You need to reciprocate!
Later, Paul.
I think it's called junk silver. I have bought BU rolls of 63-D and 64-D halves as junk silver without any premium.
Sorry Paul...…...I figured a quote was as good. I went back and gave you the agree.
Way to go Dimeman.
Later, Paul.
Are you a collector? or just looking for valuation and best way to sell?
The 1964-Ds have some interesting RPMs (re-punched mintmarks) and some collectors pay premium for them
varietyvista.com/07%20Roosevelt%20Dimes/RPMs%201964D.htm
the above is a link to many - the 3 with red FS-50x are the ones more people are after
Hi @davewesen - I'm not a collector, but I'm going through an inherited "accumulation" from a collector. I'm primarily looking for valuation and recommendations on the best way to sell them, be it to a collector or just for the raw silver value. My preference would be to sell them as coins if there's any opportunity for that - after all, someone took the time to convert them from raw silver into a coin so I'd like to see someone enjoy them in that form. However, if they are essentially bullion due to sheer numbers of these years, or the return on bullion value vs. coin value is so great that bullion is the best route, I may sell them for that or hold onto them for a presumed increase in silver prices down the road.
I'm definitely going to review them for errors given some of the feedback you and others have given - I appreciate the link and will be taking a closer look.
Jim
eBay is best in your situation if you have the time
Release them in the wild.
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set