Roosevelt dime collectors - a question for you about the 1950 D RPM FS-502 variety
SanctionII
Posts: 12,171 ✭✭✭✭✭
I have found an example of this coin in my collection (it was located in a Whitman folder of MS dimes from 1946-1964 I picked up many years ago) and by doing so cherrypicked myself 
I looked at Coin Facts and see that only three of these coins have been graded by PCGS (one MS 65, one MS 65FB and one MS66FB). There are no values for this coin set forth on Coin Facts (and no reported prior sales).
I looked at the Set Registry listings for the circulation strike complete variety set and see that the only listed set in the top 10
sets in the current best category and the top five sets in the all time best category that has this specific coin is the Dimeman set (he has the MS 65 coin). Here is a photo of his coin.
Do you think that the value of the 1950 D RPM FS-502 dime I found in my collection is high enough (i.e. $300.00 or more) to justify paying the cost of having it graded?
Comments
Depends on the grade and if the coin is FB. What do you think it would grade out at?
Onlyroosies
onlyroosies
Thanks for your reply.
The coin is MS and I think it would grade at least MS65 (It looks very similar in quality to the coins shown in the Trueview photos of the three coins graded by our host).
I also think it possibly may warrant an FB designation. The top band on the torch warrants an FB. The bottom band on the torch is not as solid as the top band and shows some weakness on the right side of the torch (as we view the reverse in hand, which is the left side of the torch) that may negate the designation.
I will take a photo of both sides of the coin and post it to this thread this evening.
yes, it would be worth sending in if the coin graded at least MS65FB. If not FB it would need to grade MS67 to warrant
sending in. JMHO
Onlyroosies
Onlyroosies
Thank you very much for your input. I appreciate it.
Here are cell phone photos of both sides of the coin plus close up photos of the mint mark and the bands on the torch.
Your thoughts?
Do you think that the value of the 1950 D RPM FS-502 dime I found in my collection is high enough (i.e. $300.00 or more) to justify paying the cost of having it graded?
How did you come up with that number, $300? I figure economy, variety, Gold Shield as part of larger submission closer to $60 and 3 months. What are your plans/intentions once it is in a slab and how is that different than what you can do with it today?
With the increasing costs of grading/variety, I am more reluctant to submit for variety unless it is a coin that I need for one of my registry sets to fill spot/upgrade OR has shown multiple sales at good prices.
How much do you think you could get for it raw in next couple weeks on BST or eBay?
davewesen
The $300.00 number is one that I have seen/heard as being an arbitrary floor value below which it is not economically warranted to submit a coin for grading.
If the RPM FS-502 dime I found was graded and attributed by our host that would make the coin more attractive to sell (whenever I choose to sell it). Coin Facts show no information about prior sales of this particular coin thus the value of the coin is speculative.
I would pay $50 on approval delivered for it raw, $300 if graded MS67 or MS65FB, $475 if graded MS66FB and $800 in 7FB
Onlyroosies
I can not argue with that but feel for low population varieties, the arbitrary floor could be lowered to closer to added value in slab with attribution.
What did you decide to do? I cannot tell what your coin would grade. The obverse looks like a decent scrape or area of hits on the chin. It also has a line near the edge going through the WE and below the bust that looks similar to machine wrapping damage.
I am going to send the 1950 D RPM dime into our host for grading and attribution (along with some other recognized varieties that I found located in my collection).