2001(p) ROOSEVELT DIME PCGS-MS68 Are these that "rare"?
DesertLizard
Posts: 702 ✭
Roosie auction
What am I missing here?
I see several have been purchased at over $100 but others go beggin at $40.
What am I missing here?
I see several have been purchased at over $100 but others go beggin at $40.
0
Comments
I recently bought (50) fresh 2002 Mint Sets to test the quality of various coins from the sets. Interestingly, my (50) sets yielded a single MS67 2002(p) dime and -0- 2002(d) dimes worth submitting for an MS68 grade. So, more than $750 in Mint Set cost yielded me (1) MS67 Roosie (currently being offered on ebay by others slabbed for around $12) and no MS68 coins. Massive quantities of submissions (primarily directed at state quarters) have produced most of the MS68 Roosies that exist today. They are secondary to the primary task of producing top grade state quarters. There is probably more supply than demand at the moment, as few collectors have flocked into clad dimes at this time. But, I suspect supply and demand may catch up with each other in the years ahead - it is interesting to note that the high bidder in the auction you mention has the #1 NGC silver dime set with around 35-40 MS68 coins (and an MS69) out of the entire collection of 48 coins through 1964. Obviously, this dime collector has now decided to expand through 2002 as well.
When you get to be my age and coin collecting has made you near blind you'll understand! My error, I was looking at the wrong date!
Thanks for sharing your recent MS experiences. I don't really collect moderns and remain woefully "stupid" about them but there appears to be some conditional rarities developing?!
DL: My personal guess is we are at least 5 years away from really being able to talk about "conditional rarities" in the clad dime series with any certainty. Students of the clad dime series have there opinions on which dimes are "likely" to be those condition rarities - but, right now, I believe there is nothing concrete to identify them with any total accuracy. Now, IMHO, the clad quarter series has become far more mature and conditional rarities are developing, or have developed (such as the 1983(p) and (d) in grades MS67 and better).
So, as far as the MS clad dimes go, I suspect there is a bit of "speculation" in the prices right now. If someone was building a top set and decided to spend, on average, $100-$200/coin right now, they might be speculating with say $10,000 (no question a great deal of money). In the years ahead, several of the dimes in the set might turn out to be proven winners while others dead bang losers. Who knows what the entire collection might be worth in 5 years. But, to some, that sort of collection makes more sense than spending $17,000 today on a 1954(p) quarter in NGC-MS68, which typically sells for a couple hundred dollars in the undergrade. One thing which makes this hobby great is the fact that everyone can collect whatever they chose to collect. Heck, I was recently outbid at $1000+ in a Bowers sale for a "bath token" my wife liked