your sleeper thoughts?
lasvegasteddy
Posts: 10,408 ✭✭✭
just a curious lil post here as what you think are sleeprs in todays market?
myself i'll pick early jefferson proof nickels as a start point.if one considers take the 1938 proof issue and considers how many jefferson nickel collectors they're and add then the early 36-42 proof set assembler/collector it factors into several collecting pools with mintage under 20k.
silly i guess of me not to understand why the 94 & 97 sms trade at higher levels with higher mintages and surviorship is like 100% and off in like only one pool of collectors.
i ask is this sleeper material as why the 94 &97 sms trade at higher prices currently only to be discovered later that the first year of issue with lower mintage split to collector base will oneday take lead it deserves?
ok your turn,
pass a sleeper on incase i did to someone who may not of considerred such poise over early proof jeff's
myself i'll pick early jefferson proof nickels as a start point.if one considers take the 1938 proof issue and considers how many jefferson nickel collectors they're and add then the early 36-42 proof set assembler/collector it factors into several collecting pools with mintage under 20k.
silly i guess of me not to understand why the 94 & 97 sms trade at higher levels with higher mintages and surviorship is like 100% and off in like only one pool of collectors.
i ask is this sleeper material as why the 94 &97 sms trade at higher prices currently only to be discovered later that the first year of issue with lower mintage split to collector base will oneday take lead it deserves?
ok your turn,
pass a sleeper on incase i did to someone who may not of considerred such poise over early proof jeff's
everything in life is but merely on loan to us by our appreciation....lose your appreciation and see
0
Comments
26-s peace bucks.............strong strike
<< <i>au bust half dimes >>
Not. Prices have been skyrocketing. A true series sleeper is the 1873 Seated Dollar.
paid much attention to. Or, they don't want to say anything.
1931-D and 1933-D Wheat Pennies
1955-D 25C
Jerry
I think the Old Mint gold unc commem is a definite sleeper and, of course, most of the proof plats. I'd like to hear Russ pitch in on Kennedys, too.
Greg
<< <i>there was an article on silverstrategies.com saying that the 1958 dime in grades of MS65 can be had for about $12 despite a mintage of only 32million and that there probably aren't many out there. I've seen MS66 and above trade for not much more than that as well >>
Can you link the article? I find it strange
Dave
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At this point the 1958 Roosevelt dime seems to be one of those dates that might some day produce a surprise price increase. It turns 50 next week.
Of course it's a sleeper in a sleeping set. Today almost all Roosevelt dimes are quiet and probably inexpensive. Normally we would suggest it's just a cycle and that Roosevelt dimes will eventually have their time of active price increases, but it might be closer to a chronic condition than a cycle. It is hard to remember when the Roosevelt dime was last active and increasing in price.
It can be safely suggested that the 1958 has fit the Roosevelt dime profile. It is at $1.50 in MS-60 and just $8.50 in MS-65. Even in top grades it isn't much more expensive than its simple bullion value. Today's prices are enough to make one question why there is any reason to believe the 1958 should be a better date. That is definitely a reasonable question.
The 1958 might be slightly better because of its 32,785,652 mintage. It happens to be the lowest Roosevelt dime mintage for a date released into circulation since 1958. In fairness, there were certainly other lower mintage Roosevelt dimes, such as any of the 1955 releases. Those 1955 dates were all heavily saved, if not hoarded, since a lot of the saving that year was centered around those low-mintage dimes.
In 1958 there was little to no saving. The 1958 Roosevelt dime was not alone since there were other low-mintage coins that year such as the 1958 quarter. Moreover, proof set sales were down in 1958 and mint set sales just managed to top the 50,000 mark.
Simply put, if a collector or dealer did not save the 1958, it was unlikely that hidden supplies would emerge at a later date in the form of proofs or nice coins taken from mint sets that had been broken up. In fact, collectors of the day were not excited enough about the Roosevelt dime to do much saving. There were Mercury dimes to be found, and most would have opted for a Mercury dime collection.
The 1958 Roosevelt dime is made of silver. This means it would have been pulled from circulation about 1965, the year when all silver was removed from the dime. When the price of silver reached its peak of $50 per ounce, any 90 percent silver dime was close to $3. Many 1958 dimes were melted. Consequently, whatever supply there was of nice 1958 dimes decreased substantially.
That brings us to today. We do not really know how many MS-65 or better examples of the 1958 Roosevelt dime exist. At $8.50 in MS-65, they do not get sent in for grading. All we know is the supply is not likely to be as strong as expected. Couple that with an already low mintage and suddenly you have a dime that seems like it has the potential to be worth much more.
<< <i>1926-D buffalo nickel in AU with even a reasonable strike, 1915-S buffalo in XF or AU, the 1920-D walker in AU, the 1869/9 indian cent in F an higher, and the 1878 indian cent in AU. These are all very tough to locate coins in popular series, and underpriced relative to the 'key dates' in their respective series.
Greg >>
I can't believe I didn't think of the 26-D Buff! Tough coin in XF/AU with a full strike just like the 09-O quarter. The only difference is most people know how rare the quarter is.