Isn't it logical that Roosevelts will have their day?
CharlieB
Posts: 441 ✭
I am seeing a little more interest in Roosevelts lately.
I was talking to a coin dealer this weekend who has a large
store in the area with a huge inventory. The owner has noticed
more interest in Roosies and like me believes that Roosevelts
and Barbers will have their day.
If "clad" state quarters with high mintages are popular as a result
of the quarter design change, isn't it logical to think that 90%
"silver" Roosevelts, many with much lower mintages will also be
popular once a design change is implented. Your thoughts?
I was talking to a coin dealer this weekend who has a large
store in the area with a huge inventory. The owner has noticed
more interest in Roosies and like me believes that Roosevelts
and Barbers will have their day.
If "clad" state quarters with high mintages are popular as a result
of the quarter design change, isn't it logical to think that 90%
"silver" Roosevelts, many with much lower mintages will also be
popular once a design change is implented. Your thoughts?
"location, location, location...eye appeal, eye appeal, eye appeal"
My website
My website
0
Comments
I really hope proof Jeffersons have their day too!
My thinking is a change in design will help make these coins more popular.
Roosys from circulation. It is almost incomprehensible that many of
these collectors won't gravitate back to the silver issues when their
sets are complete.
Yes, Roosevelts will have their day.
But, The overall design and size of the coin limits their appeal. Couple in the fact there are no Key or semi-key dates and I believe the set is, unfortunutely, regulated to the unpopular grouping of coins (like the 3c silver) for a long, long time.
I see there are two complete sets of Roosevelt dimes coming up in a Teletrade auction. One is the complete set in NGC MS66 and the other is in NGC MS67.
Whenever a set can easily be completed without any hardships also lessen the overall desirability of the series.
peacockcoins
and the proofs in 67-69 CAM/DCAM.
I am currently in the process of assembling multiple sets, some as white blazers
and others beautifully toned.
It is still possible to do this, although it will not remain the case for long as
mint sets are being cannabalized.
Brian.
attractive to younger collectors with better eyes but this is mostly who is
collecting them. The '82 NMM is actually in circulation. This coin is far rarer
than the 16-D dime and can be found in pocket change! The 75 NMM is so
rare that most guides don't list it and the '68 NMM is tough enough to be a
real challenge. Additionally many of these moderns were not saved out of
circulation in any significant quantities, so finding attractive ubcirculated ex-
amples can be quite challenging and it won't get any easier as more and more
people start trying. There are no doubt many circulating varieties which haven't
even been discovered yet! These would likely not even exist in unc!
That the regular silver and clad issues can be acquired in circulated grades for
nominal cost can be a boon for their collectability since it provides an inexpen-
sive starting point for new collectors. These new collectors will become seasoned
numismatists in time and it would seem a certainty that at least some will want to
expand and upgrade their Roosy sets.
I own a few wonderfully toned Roosevelts and even paid $150.00++ for a simple 1964 PCGS MS65 (with stunning color, of course). I like the coins as SINGLES. I just don't like their future as a SERIES.
peacockcoins
Perhaps their day is at hand.
Carpe diem!
Speaking for the buffalos. The series has quite a few dates that are difficult to acquire due to major striking problems. These dates are a challenge to acquire nicely and are quickly sold whenever they come to market especially in the better grades. Together with the design, this scarcity attracts many collectors. It also keeps collectors involved with the series longer as the quest for completion is not something that can be accomplished quickly. (I think many collections are sold upon completion.)
The common dates and lower grade buffalos, however, are always available and have not appreciated in step with the better dates. The common dates and lower grades do serve a purpose. They attract new collectors at a low entry price and the desire for completion and better quality eventually takes over. It has been this way for quite some time.
I think if one looks at the other popular series such as the Liberty Walking Half, Standing Liberty Quarter, etc., you will find low entry costs, great design, and most importantly, key and semi-key dates.
<< <i>Three out of the four top subjects on the board has the word Roosevelt in the title. >>
At least we're getting a short break from Frankies
<< <i>I think that what drives any series are the key and semi-key dates. If a series lacks these it is unlikely that the series "will have their day" unless some special circumstance occurs such as the state quarters. >>
The states quarters are probably what got hundreds of thousands of people
collecting dimes from circulation. A design change would further spur growth.
<< <i>
I think if one looks at the other popular series such as the Liberty Walking Half, Standing Liberty Quarter, etc., you will find low entry costs, great design, and most importantly, key and semi-key dates. >>
Low cost is a relative term. Most six year olds can't afford a set of good SLQ's.
However, a complete set of silver Roosys can be purchased for $20 and a clad
set can be assembled from circulation for about $7, throw in a $3 dollar folder
or two and keeping under $50 is quite easy. The rare Roosys can be addd at
will and there is far more likelyhood of discovering something new with Roosys
than with older series.
What can make the set especially difficult is creating a MATCHED set. For instance, is there a completely white set of Roosies? I think not - I've never seen nor heard of a white 58 (can't remember if P or D) but every coin I've seen has at least a shadow of toning on it....and these white coins just never seem to stay white!
Then there's the toned set. Equally as challenging as some of the dates just come plain ugly (in MS67). No doubt there is, but I have yet to see a "killer" toned 1955D in MS67. And these coins are bringing significant money! A plain jane white NGC MS67 roosie might fetch $25 in todays market and a beautifully toned coins can easily 4x to 20x that price. I personally have a 1947S PCGS MS67 that I wouldn't sell for $1000 and its a $50/75 coin for common samples.
So are Roosies rare - no not by definition but they are challenging if the collector is very focused on appearance and to some degree, grade (MS67) and the VERY pricey MS68s. Also consider NGC has certified 2 MS69's. One of those which is in the highest graded NGC Registry set (almost 40 NGC MS68/69 coins out of 48 possible) is probably worth over $10k today......I know, I owned that coin when it was in a NGC MS67 holder. Cheap, fun, expensive, challenging - its all there and the color makes these little suckers truley GEMS. They tone so pretty and so fast - they are an absolute delight to this collector.
If I had it my way, stupidity would be painful!
<< <i>Three out of the four top subjects on the board has the word Roosevelt in the title.
Perhaps their day is at hand.
Carpe diem! >>
Perhaps it's blowing right by us as we speak. lol w/tears
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
K S
<< <i>
Perhaps it's blowing right by us as we speak. lol w/tears
>>
ROFL! No. I don't think that was it, but you rolls your dice and takes your chances.
If I had it my way, stupidity would be painful!
Kscope
K S
be right that the service needs a few more designations. When I was
at the Baltimore show I was asking another dealer about submitting
Roosevelts. The dealer told me I was basically wasting my money
submitting them, only the 49-s would be worth the effort. Maybe I
got some bad advice. I have near a dozen NON toned(1946-P, 1946-S,1947-P,1949-P,1950-S,1951-S,1952-P,1955-P,1955-D,1955-S)
coins I have plucked from among several original rolls and set
aside in case I wanted to try a submission. I have hesitated to
send them in to PCGS. These coins are really gorgeous and mark
free some with and without full flames. Still submit? PCGS or NGC?
I know I have to try anyway and see what happens. What would you do?
My website
I am returning to coin collecting after a layoff of several years, and I cannot believe the level of interest in high-grade modern coins. In fact, it is truly disappointing to me. The sheer number of overall existing pieces of most dates in the Franklin, Mercury, Roosevelt, Kennedy, IKE, Lincoln, etc. series is staggering. Yet collectors are more than willing to bid up the value of these "monsters" (what the heck does that mean anyway?), with "toning" and "mirrors",...
I expect (? hope) that we will again see a day when a 1878-CC $20 Liberty gold in XF-40 with an overall mintage of 12,000 and less than 400 existing in all grades will be more valuable than a 1959-D MS-66 Franklin with an overall mintage of 13,000,000 and many hundreds of thousand or even millions pieces existing in all grades.
But then again, maybe I have lost touch with this hobby completely...
it's a dot com kinda thing
<< <i>
I am returning to coin collecting after a layoff of several years, and I cannot believe the level of interest in high-grade modern coins. In fact, it is truly disappointing to me. The sheer number of overall existing pieces of most dates in the Franklin, Mercury, Roosevelt, Kennedy, IKE, Lincoln, etc. series is staggering. Yet collectors are more than willing to bid up the value of these "monsters" (what the heck does that mean anyway?), with "toning" and "mirrors",...
But then again, maybe I have lost touch with this hobby completely... >>
Nobody understands your anguish beter than I. I've been collecting the moderns
almost since they were new and watched one bull market after another come and
go each time dragging the coins I loved lower and lower. People were always com-
pletely disinterested that there were many rare coins and would always say that it
didn't matter if no one collects them, and that even a unique coin has nomnal value
if there is no demand. Many of the unc moderns got down even less than face value
for many years, the proofs were as low as about 40% over face. And still they were
ignored. Interesting and scarce varieties kept cropping up and still they interested
few. I've been booted out of coin shops because the owner felt there was something
perverse or unpatriotic about looking for nice clad quarters. I've been scorned and
laughed at, and told I was throwing my money and time away.
Keep a couple things in mind though. I never knew if anyone was ever going to col-
lect moderns. I had to be content just having fun pursuing the rarities and meeting
lots of great people. While you will again be back in the mainsteam. The hobby is
growing and demand is soaring and becoming increasingly deep.
is ultimatly in the eye of the beholder, A monster usually denotes a coin where a super
larger majority will agree that its superb in its eye appeal. The term derives from
the impact that the coin has visually, ie, Godzilla, etc!!!
Brian.