Dimes in Circulation.
cladking
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I keep much better tabs on these than the nickels and am confident this is a good sample. There were a few more later dates ('21) than expected but this is because of the lower turnover caused by covid. If you just subtract about "10" from the N (=249) it should be fine.
The sample was most unremarkable except a few fewer early dates than expected.
The oldest is a cull VF '60-D
*Very nice VG+ '66
"2" 1967 VG and VG+
'68 VG+ (light staining)
'70 VG- (rim bumps)(spots of tarnish)
*A little rough but attractive '70-D F+/VF-
*'73 F+
'76-D F- (rough)(stained)
'78 F light tarnish
'79 VF- spots tarnish
*unattractive '79-D AU-50
*Lastly and the best coin in the sample; '86-D AU-50/53 (very attractive)
Nearly 10% of the coins should be '65, '66, or '67. I would expect 22 based on mintage but there are 3. There are only 5 collectible (*) coins from before 1990 and they are all common date except the '73 (F+).
Good dates wore out just as quickly and had the same attrition rate up until 1999. At that time a few dimes were being pulled out for collections making the apparent attrition on scarcer dates higher. It would be difficult to even measure the incidence of something like the '69 any longer because there are so few left. There may well be fewer than 10,000,000 in circulation and the bulk will be cull and ugly. Even if they weren't being pulled from circulation much since 1999 there were only about 65 million surviving then.
Oh, there was one thing remarkable about the sample; there were lots of later date road kill. It could be a fluke but most rolls had three or four coins in deplorable condition and all the readable dates were post 1995.
Comments
Thanks. Starting my 46-present Roosie album and I am seeing what you are saying. There is coins but some just don’t seem to be around or only low quality. Interesting the more I look 👀😉
🎶 shout shout, let it all out 🎶
Unless I missed it what was your sample amount? I separated a old change jar and did not keep track of the dimes. I have pocket change sitting on top of my dresser from the last 4 months or so, need to look at them and see what's up. Thanks.
If I had the time and patience, I would take out my dime jar (from the bedroom dresser) which is a quart jar, and almost full of dimes from pocket change, over the last decade. I am reasonably certain there are only Roosevelt dimes in there, since I would have pulled any Mercs... If I saw them. My wife may have put some dimes in there though... Someday. Cheers, RickO
I started with five rolls (250 coins). Only 249 were clad. There were 10 "extra" '21's because of covid so "239".
If you have an old dime folder to put them in it helps see patterns of circulation and wear. Watch for the major varieties.
Circulation varies by the region of the country but the oldest dimes are mixed up pretty well.
The toughest moderns are the '69 and '71 but some of the lower mintage late-'70's issues like the '78-D seem to be tough in nice attractive condition. I personally prefer nice well made coins from good dies with light even wear. It seems these are a little overrepresented in high grade coins so you might as well hold out for one. I started my circulation set in 1996 and there are still a few dates I need to upgrade. All of my 1994 to date are nice chBU or Gem. I was hoping to get most of the earlier dimes in AU-55/ 58 but there are still some mid range XF's I'll probably never be able to upgrade after all these years. I still get to add a new coins every year and find an occasional variety. The most interesting coin I've found in the last ten years other than a Gem '83-P was an XF mid-'70's coin with mint set crimping damage. I believe more than 10% of the high grade dimes in circulation came from mint sets but it's hard to know.
I haven't searched a large number of dimes as I have quarters. But this set still was picked out of more than 50,000 coins.
It's been 12 years, and I still have not found any 2009 dimes in circulation. I don't get many dimes in change. The casino I go to the voucher cashing machine will give you 2 nickels instead of a dime. They do not use dimes at all. I haven't roll searched dimes thou, as of right now I can't get any. I found all other post 1964 coins in general circulation. I've found some silver dimes in change in the past few years. Post-1964 coins I only use coins from circulation or mint sets for my albums. I refuse to buy them. eventually I will find them or do without. Where are all the 2009 dimes?
This.
Production of nickels and dimes was halted early in 2009 because of reduced coin demand caused by the recession. Mintages weren't low in an absolute sense, but were much smaller than surrounding years. Word spread and people began plucking them out of circulation, a practice that continues to this day. This is why they're becoming progressively harder to find in rolls or change.
My Adolph A. Weinman signature
One of the key dimes is the valuable
1982 "No P" mint mark. Be on the lookout.
Big money in ms grades.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Since the late '80's, I have been saving back change found new. I continue the same practice even today. I have relatively new dimes going back many years. Any I should pull out, image, then add to this thread?
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Compared to the NIFC Kennedy half dollars of 2002-2020, with some mintages below 2,000,000, I have found rolls of many of these dates. A coin with a mintage of 96,500,000-P and 49,500,000-D should be findable in the course of 12 years. I do admit that I do not get dime rolls to search. Dimes are dull. I probably will find them if I could/would get dime rolls to search. I even found 11 "W" mint quarters with a total mintage of 20,000,000 for all issues. The 2009 nickels I found in pocket change and the mintages are lower. Sometimes the mint stashes coins in vaults for years before releasing. The1991 Kennedy half dollars were such a case. The roll prices were much higher until they released a load of them in 2004 -2006 and the prices for 1991 BU Kennedy's sunk.
The mint used to lose large numbers of coins in storage up until 1972 but then they switched to FIFO accounting and make a real effort to get the oldest coins in storage to circulate. It's very rare that even quarters sit in storage more than three years and even rarer for dimes or nickels. Because of the erratic and uneven circulation of half dollars it's much less unusual and even long times in storage are possible. And, of course, mistakes still happen.
A lot of 2009 nickels and dimes went to Puerto Rico. Many were saved. The number is likely lower than many think though since wholesale prices on these are substantial. It's hard to save out coins when you see a lot of them and Puerto Rico was swimming in these in '09.
If 80% of the old dimes are gone already this will make a lot of the better dates awfully hard to find. More than half the survivors are this (VG+ or lower) and/ or cull. If the Fed began removing thin dimes and culls as they did thin quarters a decade ago then another half of the survivors would be gone. This would leave a mere 15 million of the better dates with almost all of them in VG+ to VF- and still more than a third of them stained or with scratches.
I have to believe that most coin counters are set to accept almost anything of the proper diameter as a dime since they vary so dramatically in thickness and shape. Coin discriminators also have to be set to broader parameters but, I believe, the electromagnetic signature is nearly unaffected on thin or misshapen coins.
These low grade dimes already have a slightly higher attrition rate because they have a lower rotational inertia and are small enough to find and drop through holes. They also have significantly lower friction in many collisions because sharp edges have been worn smooth. This makes them much more likely to roll farther. The number of nice examples is already so low that collectors are affecting the distribution. If every collector gets one coin of every date then a larger percentage of scarce dates are being removed. Indeed, collectors will get multiple examples of dates they perceive to be "rare" for trading or "investment". Finding 10,000,000 nice F '69 dimes mixed in with some 70 billion circulating coins will not be easy though. That's only one coin in 7,000 or a little less than one per box. Most boxes will have two or three '69 or '71 dimes but most will be cull or lower grade.
A nearly 4% and increasing attrition will wipe out most of the the survivors in the blink of an eye. There will be 40,000 fewer in only a year even if nobody saves a single one. If there are a few thousand people seeking these they might already be gone and I just didn't see it. I haven't laid eyes on a '69 in circulation for nearly 15 years though it wasn't so long ago I saw a '71.
I imagine that in a very few years the old clad is going to look a lot like a bunch of barber coins after everything nice has been picked out. But I seriously doubt very much nice clad is actually getting picked out. Only since 1998 has there been much interest.
There are quite a few interesting later dates as well. Anything after 1995 can be found in nice XF or AU with effort but it might not be wise to take all of these for granted. Nice attractive '92 issues are a little tough, for instance, because many have a "mushy" appearance.
I for one have been pulling the old 1965 through early 1970s cupronickel dimes and quarters from circulation for many years. I put them in a jar. When the jar is full, I start a new one.
I also throw any wheat cents or old nickels found in circulation in the same jar.
Now if you get a few thousand people like me out there, it is no wonder many of these coins are disappearing.
Here is my current jar:
There's ample anecdotal evidence that this is occurring but I seriously doubt it can account for the vast numbers of old clad and nickels that are missing. We're talking several billion dollars here so even five million hoarders would need several hundred dollars. The coins disappeared in a nice neat curve affecting every date identically until 1998. I never saw any evidence of collecting until the mid-'00's when tougher dates began getting a little skewed toward lower grades. Even the anecdotal evidence of hoarding (especially eagle reverse quarters) didn't show up until the mid-teens.
Any wide scale hoarding might become visible in mintages next year when things should "return" to a new normal after covid. Mintages should drop significantly as coin flow is reestablished. Continued high mintage will imply hoarding.
Of course there are confounding factors like rerelease of low grade and cull coins collected during covid. As always all we'll have is interpretation rather than real evidence. But that you don't see much trading in things like VF 1972-D dimes is certainly pretty solid evidence that there is no thriving market or interest in such coins.
The increase in attrition probably is attributable at least in part to hoarding. Since coins have so little value any longer large numbers might be held out in the future creating problems for the mint. Eliminating silly coins that cost more than they are worth would solve this "problem" very rapidly though. The mint makes lots of money on dimes and quarters and would make a lot more if they quit shifting costs of the penny to other denominations.
The mint does say that quarters only have a 30 year life expectancy and the oldest are 56 years old now. Even with no hoarding most of them are expected to be long gone. Keep in mind much of the anecdotal evidence for hoarding involves the quarters and the surprisingly high attrition is for the nickels and dimes. The early states quarters have a very similar attrition. Even ten year old dimes have this attrition.
It's 2022 and all of these coins have been mostly ignored for a very long time.
Because of this post I went through 4 rolls of Roosies, all out of pocket over the last 9 months or so. I found mostly post 2000 coins and most all were AU to AU+ with many looking absolutely uncirculated, which, of course, they were not. About half of the pre 10 years were close to the same with 15% VF or so. Of the dimes in the 80's most all were F to VF. The 70's were all F. But I found my first ever, silver plated clad 2019 P Roosie. Fortunately, the creator only plated one side, which truly looks silver, it even coated half of the edge. It weighed 2.3 g rather than 2.27 g. The silver Roosie weighs 2.5 g. Cool.
Jim
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I can relate! I spent years looking for a 2009-D. I joked about finding a proof in circulation first (I did, a 1985-S) and also made this flyer.
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It looks like the last sample was contaminated. I should have known but the attrition is much closer to what I had been estimating for many years if this sample is good. About 55-60% of the old dimes are gone and the annual rate is continuing to go higher. All of these old dimes are getting a little thin now.
N=300
*"3" '65 two cull VG's and one nice VF
*"1" '66 F but a little rough
"5" '67 "4" VG, 1 F (all cull except one VG)
"1" '69-D VG cull
"1" '70-D VG cull
*"1" '71-D XF- (light staining)
"1" '72-D F cull
*"1" '73 F nice
*"2" '74 VG cull, F nice
"1" '74-D VG cull (roadkill)
"1" '76-D VG+ cull
"1" '77 XF but a little rough
*"2" '78 VF 1 cull
"2" '79-D VF and VF- both cull
There were no '09's. There is one '20-D in nice Gem with FB (MS-66).
This sample seemed to have a more normal number of BU '20 and '21 coins.
That's 6 coins that are what I consider "collectible" with the '77 XF being the best. The '73 is real nice but only F. All the collectible dimes in the sample are "common date" except the '71-D; it is poorly made from mushy dies. It could be a poor mint set coin but has no apparent diagnostics. The '73 is a little better date as well.
The last silver dime I found a few years ago was in my wife's change.
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Very interesting. Thank you.
I did not bother much about the Roosies after finishing my album till 1969 and just popped in a few random ones into the extra spaces.
Perhaps time to take it from storage and see if it can be transferred onto a Dansco 7125 because I have mint sets that could probably be broken if need be.
Edited to fix upside down pics.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
If you're looking for silver Roosevelt, good luck. I have only found one silver Roosevelt in rolls of dimes in the last year-and-a-half. I don't seem to have much of a problem finding Roosevelt dimes from 1964 to present including 2009. I've got three albums full and probably will not start another. The only suggestion I have is to go to the bank and get as many rolls of Dimes as the teller will allow you to have. My bank never has a problem with giving me rolls of Dimes, but I just don't like looking through the dimes as much as I do the pennies nickels and quarters. Good luck with your search.
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It does look like putting together a nice F/ VF can be done without extensive roll searching.
I am thinking it's been a long time since I've seen the better dates and they might have been picked pretty clean by now. When I started collecting buffalo nickels in 1957 every single buffalo in circulation had probably been picked over by ten or twelve collectors assuring that any better dates would be culls. I suspect the dimes in circulation now have all been looked at by at least one collector making things like a 1982-NMM highly improbable. It's tough to say if this exists in clad dimes without a sufficiently large sample and this might mean about 5000 rolls.
Certainly in quarters I was starting to notice a little attenuation in the better grades of tougher dates before they became too scarce. Even some of the easier dates like the '71-D or '77-D seem to be starting to exhibit this attenuation. Dimes are funny because the high attrition and very low velocity create many more anomalies (outliers). Dimes sit in change jars for years some times where they are less likely to be lost and don't get much wear. Specimens that have spent a lot of time in change jars have little wear.
One of these days the FED is going to make an effort to remove the huge numbers of roadkill and heavily worn dimes and there will be lots of new dimes to replace them. Most culls of other denominations aren't all that bad, they are just ugly, but dime culls tend to be gouged, bent, and mutilated. They aren't as worn as quarters but the heavily worn quarters have already been removed. I'd wager a lot of dimes are being counted as pennies.
As far as looking through your pocket change and searching rolls, I found a 2005 West Virginia Silver Proof in my change from Aldi's. Then today I found a 2014 S quarter while searching rolls. I guess you just have to be lucky to find the good stuff in the rolls from the bank and definitely in your pocket change from the stores. Good luck with your search and happy Hunting.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
Funny how a 2009-D with 49.5 MILLION mintage draws any interest.
"When they can't find anything wrong with you, they create it!"
if only i had the spare time/passion that you have. i can't even imagine getting to the point where i'm inventorying common bank rolls. no disrespect.. i'm a cladking fan...
I've watched these coins since they were all uncirculated for 56 years. I may have seen a few of these exact ones before or even seen some several times. Old Unc coins from the 19th century or worn out 1916 mercury dimes have a story to tell as do all coins, but circulating coins speak louder and usually have more interesting stories. The entire project probably required less than 25 minutes and I'm hoping something big might spring from it but can't say anything quite yet.
There are no common rolls or common coins as they are all unique. If you don't keep up with them you can't even know if you have a proper sample!
Decided to open three rolls that my kid had repackaged to return to the bank after CRH (he loves to search for Silver and has had luck with Kennedy halves but not with quarters and dimes) and found a 2009 Roosie along with some in very nice condition.
Got a few more rolls to go through this weekend and pull the better ones before sending it back into circulation.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
I've been trying to research the cause of all the marking on the coins in circulation. Google would have been an invaluable aid in this ten or fifteen years ago back when search engines still worked but now they actually impede research by various means. The only avenue left was to ,make some hypotheses and phone calls but the mint didn't want to talk about it the FED was willing to talk but knew nothing and didn't seem to care (they have a lot of $100 bills to count now days). And the armored carriers treated me like I was trying to heist the joint. Everything that didn't involve casing them was apparently a trade secret.
I'm pretty sure it would be easy enough to find out who by camping outside the counting houses and just looking but how is going to be impossible because they aren't talking.
I did learn a couple of interesting things but won't post them here as it might be construed as blaming specific entities for all the damage.
"I'm pretty sure it would be easy enough to find out who by camping outside the counting houses and just looking but how is going to be impossible because they aren't talking."
Once you figure out "who" I'm confident the FED would investigate "how".
I found this thread interesting, so I went through 637 dimes I had in a container in my desk. These were collected from change that I threw into the console in my car and then periodically removed from my car to my desk over the last 10 years or so. I simply broke them down by decade:
1 - 1954-D (how'd I miss that one in my car?)
27 - 1965-1969
26 - 1970-1979
72 - 1980-1989
143 - 1990-1996
285 - 2000-2009 (1- 2009-D!)
82 - 2010-2019
2 - 2020-2022
Dang it! Did anybody see that?
I had a nice post working and I guess I edited it too many times - POOF!
I remember Mrs_Spud went through tons of bankrolls of dimes about 15 years ago where she separated them all by date with the intention of having all the coins needed to fill up as many modern Whitman folders as possible. She had several examples of each modern date and mintmark except for the 1969. She never found any in the bank rolls. So then, after that, she bought every 1969 dime she could find at any coin show for about 3 years. She has several rolls of 69s. I found them all packed away in a box in our attic a couple of years ago, along with about 20 empty Whitman folders. We’ll end up doing something with them, someday 🌞
Mr_Spud
I have all the silver rosies bwahahaha! But seriously, this was my project a few nights ago. 5 hours and 137 coins all recorded and flaws cataloged. I believe I have a sickness. May the several hundred AU and F ones stay where they are...Odd, the best ones were mostly at the start of the period (46/47/48's) or at the very end (64, 64-D's)
USAF veteran 1984-2005
I hate that. I don't have much trouble here but some sites are notorious for lost posts.
I believe f you repeat this today you'll have a few of the early dates that aren't found. Notably the '69, '70, and '71.
Even the '78-D isn't often seen any longer. It's the condition of the coins that has really gone downhill in the last 15 years. The attrition rate has increased to over 4% annually but the rate at which the coins ae degrading has soared. This isn't natural wear but rather the scratching that is going on. In 2007 you could find several nice F and VF dimes per roll minted before 1980 that were in nice collectible condition. Now most of these are gone and the survivors are one grade lower and usually culls.
It was hard to find the '49-S and the '55's even back in 1964.
I've been searching more dimes and finding about the same thing as the other samples. The older ones are disappearing fast and the attrition on all of them is high.
Ever since that thread " The days of cheap moderns are over" I have made it a quest to find nice surviving examples.(before it's too late) I've done pretty well and feel like I'm just getting started.
Here are some that are graded and a few more that will be soon.
These are very interesting times. I should have foreseen it but I always imagined the time between the run up in the price of mint sets and much higher prices for collectible moderns would be exceedingly brief or coincidental. Where else can we go from here? It seems that there is only one place since whatever drove up mint set prices should exert the same force on the coins they contain. But here we are a year later and I'm not seeing many increases for choice BU rolls.
Perhaps much of the lag is being caused by the unforeseeable problems with mint sets, especially the widespread tarnish on earlier dates. A lot of coins ae being purchased retail now days because mint sets are so expensive. Eventually these sellers will have to replenish their supplies...
The great thing is that Gems are still available in dealer stock and in mint sets at very reasonable prices. Most of these are not all that scarce so the low demand still hasn't affected price very much.
I believe the best values in moderns are at MS-64 and above. Any nice chBU clad is desirable but very few MS-63 or lower coins are attractive. Between bad strikes, worn dies, and excessive marking lower grades are not attractive. They are often badly centered and spotted as well. MS-65 is likely to be the "sweet spot" for prices but obviously higher grades like these beautiful coins you posted are going to be worth even more. The '70-D quarter is especially nice and not as common as some would believe. These came nice in the sets but they've all tarnished and this date doesn't clean up as frequently as others.
The '82-P half is very tough.
Depending on where you go, the price can vary dramatically. So not everyone has caught up just yet.
This one was at a pawn shop and way over priced however, I wasn't walking away in fact I never lost eye contact with it once spotted. They weren't charging 25.00 because of the toner. That's what they were going to get regardless of condition.
I got desperate last night and went back through some of my sets and found this 70 D. It won't grade as high but I may anyway because the PL look that matches the 72 above.
Broke and split sets tone pretty well apparently.
Wow! That's a remarkable price and a nice quarter.
They are more likely to tone outside the sets rather than to haze or corrode but it is still unusual for clad to tone. When it does it's usually only gold.