Are any of you Roosie FB collectors paying attention?
Stooge
Posts: 4,668 ✭✭✭✭✭
1983-P is a very tuff year for FB Roosies as there have been only 3 FB's made.
J.H.F. has the 1983-P MS66FB (1/0) in his set...
I have the 1983-P MS65FB (1/1) in my set and the
1983-P MS64FB (1/2) is on eBay now for sale with no bids as of this moment
Whats the deal?
Later, Paul.
J.H.F. has the 1983-P MS66FB (1/0) in his set...
I have the 1983-P MS65FB (1/1) in my set and the
1983-P MS64FB (1/2) is on eBay now for sale with no bids as of this moment
Whats the deal?
Later, Paul.
Later, Paul.
0
Comments
tall,good looking,great sense of humor,
and Free Shipping for fellow forum members!!!
As of right now, its the only 1983-P with FB to obtain, and now I'm high bidder!
Later, Paul.
Later, Paul.
In this case I would rather have a 67.
<< <i>In this case I would rather have a 67. >>
I agree "unless the 66FB came up".
<< <i>Paul, 6 days to go. If I want something it gets sniped....
In this case I would rather have a 67. >>
Nick and his sniping!
<< <i>Shut your pie hole Paul. >>
Pie hole officially shut!
Later, Paul.
Later, Paul.
Well I actually have 2 sets of the 83P- and both are definitely fb- just a bit uncertain on the grade - I'm not much of a roosie collector-more of a hoarder. So if I can ever get a good shot of em (later today) I can email em to the experts- who is the expert here.
Thanks for allowing me to post my drool.
I would agree that having a 67 would be a sharper quality.
The (fb) is nothing to sneeze about.
I will be keeping my eye out on this one since Paul already has a better example.
The Wife would love it as a Christmas present.
BILL
Yes, but it is not MOON Money. In that case we have plenty of room to play with.
BILL
<< <i>The 83-P in 64FB is a $35 coin according to the price list .........100-150 would be stupid money! >>
This is my assessment of this particular coin at this time.
Later, Paul.
Later, Paul.
Well, of course they did, I just bought one and it hasn't come in the mail yet.
So who's got an ms67 83-p to sell me?
Oh, here's a question for you dime guys. How come the pop of ms67 82 NO P coins is so much higher than the regular ms67 82-p pop? Is it just because a lack of submissions of 82-p's? Are there really that many more out there? How come I can't find any?! Do you think most ms67 82 No P's are up to todays ms67 standards?
<< <i>
Oh, here's a question for you dime guys. How come the pop of ms67 82 NO P coins is so much higher than the regular ms67 82-p pop? Is it just because a lack of submissions of 82-p's? Are there really that many more out there? How come I can't find any?! Do you think most ms67 82 No P's are up to todays ms67 standards? >>
It's really hard for people today to realize what things were like back in
1982. There were virtually no real collectors of clasd dimes. Oh sure, there
were a few people who bought mint sets every year to keep their dimes up
to date but this was perhaps a hundred people and most would never look
at the coins again once they went in the album. You almost could have put
Teddy Roosevelt on the obverse and some wouldn't have noticed it. The only
clad that got any sort of serious attention were the halfs and dollars and even
they had a very limited audience. There were just three main sources for BU
rolls and the largest of these once confessed to me that some years he obtain-
ed only a single bag of the dimes and quarters!! When he believed he was ov-
erstocked he'd return coins to the bank.
The handfull of more serious collectors were mostly looking for the halfs and
dollars but there were still a few diehard cent collectors and the nickels were
once again getting a look after several years of being dormant.
Most of the coins that survived were set aside by speculators and a great deal
of the speculation was by the general public in mint sets. These usually fell in
value after a few years and this trend was becoming obvious by 1982. It didn't
seem to hurt sales much though. The '81 set was the highest mintage of all and
was bolstered by the fact it contained three mint set only dollars. It was not ev-
en widely known that mint set coins tended to be better struck than the circula-
tion issues! I would invariably get an argument even from mint set buyers who
would remember that the mint claimed these were just production issue coins.
Speculators did set aside some dimes and quarters. They tended to concentrate
on the lower mintage dates so they'd end up saving the same thing. Of course,
with the big sellers setting aside only a single bag one is left to wonder just how
massive these hordes could have been.
Then we get to 1982. It was anounced very early that mint set production was
being ended as part of Reagan's cost cutting iniative. So everyone ran out and set
aside far more coins than had been getting saved. This was curtailed somewhat
by a weak economy for most of the year and collectors were greatly distracted by
the reemergence of commemoratives after a generation of their absence. Even
though hording was up substantially it was still a pathetic number in comparison
to the number of mint sets normally produced. Most mint set buyers didn't care
since they purchased them only as a speculation anyway and were unlikely to go
out looking for rolls to set aside.
In those days very few people were yet aware that rolls generally weren't even
available anymore. The FED branches were getting away from handling their own
coin and the contractors didn't want to be bothered. Banks that ordered in less
than bag quantities rarely got solid date rolls of new coin. Contractors didn't allow
their hoppers to empty before adding new coin so the lion's share of new coins
were issued in rolls mixed with circulated coin. Large banks would get in solid bags
sometimes but there was NO demand in most locations. A major Chicago area vault
manager told me he had never heard of anyone requesting a bag of new coins and
that he made a few calls to cohorts and they hadn't heard of it either!!!
In 1982 I made a quick trip to Sandusky hoping to get a small position in the NMM
dimes. I got to the coin shop half an hour early so as to avoid the lines. The pro-
prieter told me that even though the story had been out a couple weeks that I was
his FIRST customer. It wasn't too surprising he didn't want to sell cheap enough for
me to become a distributor.
Such was the state of the hobby and the market in April of 1983. Moderns were a
very lonely field and dimes and quarters had no following. Hell, I even got kicked out
of a couple of coin shops when the dealer discovered I was looking for clad quarters.
It just seemed that perverse to many people. I'm sure I don't need to mention there
are still some who simply can't comprehend anyone's attraction to clad or moderns.
It was apparent even this early that high grade '82-P dimes were going to be extre-
mely elusive. These all suffered from weak strikes or excessive marking. Many of the
dies were overused and very few were set up properly. I went to the bank in Sandusky
but I was really looking much more for nice P's than the NMM.
You'd be surprised how few coins I set aside most years. It took a lot of courage to
set aside coins that would lose money to inflation every year and might never be col-
lected. I refused to have an ugly coin in my collection and some years that's all there
were; lots and lots of ugly coins. I never did find a nice '82-P from spot checking a cou-
ple dozen banks in the midwest. All of the ones I have are from souvenir (and other)
sets or from dealer stock.
But ALL of these sets are from a single source or bag. If there were no gems in that
particular bag then there are no gems in the sets. I probably spot checked more
sources in 1982 than are in existence for these dimes today. I came up empty handed.
A brilliant answer as always my friend! I was a coin collector back in 1982, but of course it took me another 20 years to realize what I know know...which sometimes is not very much.
All I know is that the Dime is STILL under valued and if these where Nickels they would sell for alot more than grading fees!
Later, Paul.
Later, Paul.
I should have added that I have a lot of doubt that many (if any)
of the MS-67 '82 NMM dimes graded are fully struck. I saw what
I believed was a representative sample of the strong strike coins
and there were fewer than .4% that even approached the kind
of strike I'd expect on a gem coin. Indeed, It seemed probable
that the two well-struck coins were simply a fluke.
There are still another 9500 dimes so believing in seven or eight
flukes isn't impossible but with the history of this die it would not
seem likely. Supposedly the die was set up poorly in a quad press
and ran off only a few thousand strikes before the press was stop-
ped to change another die. These "weak" strikes showed up pri-
marily in the Pittsburgh area. The NMM die was readjusted at this
time and the strong strikes resulted. The die was still new enough
that nice gem coins could have resulted but there is weakness es-
pecially on the I of IGWT and on the bottoms of the letters. My
guess is that the press was started after the non-NMM die was
swapped to check for alignments and then before the press went
back into operation the NMM dies again lost the precision for fully
struck coins. I have some difficulty believing many coins were struck
at this time or that many of them could have survived in pristine
condition. Since coins tend to stay together as they are made and
issued it seems there should have been more than just the one or
two fully struck coins in the sample.
Then again, there's no certaity it was truly a representative sample.
I'm not even certain my example would go MS-67 by today's stand-
ards. It has the strike and is pretty clean but grading is reputed to
be very tough.
<< <i>Great post >>
Thanks! I knew I started a marvelous thing!!!
Later, Paul.
Later, Paul.
Any update on the sets you mentioned?
Glen
<< <i>Nice to see the 83 P getting some attention >>
I've always given the 83-P the attention it deserves. Problem is the nicer 83-P's have been ignoring me.
Winning bid: US $157.50
you know your dimes
<< <i>Going on the FB basis alone this coin should command greater than $100, if not the mid $150's.
Winning bid: US $157.50
you know your dimes >>
I learned everything I know from the "ICK" brothers....Nick and Rick.
Later, Paul.
Later, Paul.