Lowly Roosevelt Dime finding new appeal

melikecoins · October 6, 2003 3:48AM

Look what the FB designation has done for common modern Roosevelt
1990-D Roosevelt

Glen

paigowjohnny · October 6, 2003 3:49AM

MacCoin · October 6, 2003 3:50AM

I did think the was a rosie out there worth that

lordmarcovan · October 6, 2003 3:51AM

Geez.

Well, I'm not one who sees the appeal, but it's good to see somebody enjoying the moderns.

Aaack! That's insane!

OK, OK, control. I will be behave myself.

I'm not one who sees the appeal, but it's good to see somebody enjoying the moderns.

JohnZ · October 6, 2003 3:53AM

I don't even know what to say to that.

Bid history looks legitimate.

Evidently some folks are still paying mucho dinero for common high grade moderns.

Reminds me of those Japanese soldiers isolated on small islands who thought that the war was still in progess, and fighting to the death.

wondercoin · October 6, 2003 4:04AM

Glen: As you know, that auction has thread devoted to it over on the Registry board.

I was the underbidder on that coin and, I frankly thought I would win it for around $700 - $800 tops. I was very surprised to see a "Merc dime" guy in there even at the mid-$600 level! Last week, I had the pleasure of purchasing and placing Doug Wright's fantastic 'White Fang" MS Clad Dime collection with a customer. The collection had a half dozen KILLER clad Roosies in it to be sure, including (4) pop 1/0 MS68FB coins and some truly scarce MS67FB pop 1 and low pop coins. It was in the context of adding the 1990(d) to that collection (the "icing on the cake" if you will) which formed the basis of my bid. Of course, I thought even my underbid was excessive - enough said there.

I suspect the current #1 set "heard footsteps", which is why he bid so much to win this dime. I joked on the other board that the ebay seller should buy me a hot dog and coke when he sees me at the next show to thank me

To think, I bought a fantastic PR67CAM Three cent nickel proof in the Heritage sale at Long Beach for around the same money as my losing bid for this 1990 dime.

Wondercoin

melikecoins · October 6, 2003 5:26AM

Yes Mitch I knew the coin was in play that is way I waited til the auction closed to say anything.
I see this as the first shot in the race to be the award winner next year.
And it looks like the field is wide open right now.
Most of these coins are yet to be found in high grades.
It is a Cherry Pickers dream..........

Glen

cladking · October 6, 2003 6:02AM

<< 
It is a Cherry Pickers dream..........
>>

Indeed!

While there are still rolls and sets left to be checked, most of the original mintage of both
for most clads have already been "consumed" or put into circulation. This particular date
mint set is still relatively available raw and uncherried. Rolls are difficult to find, though.

mgoodm3 · October 6, 2003 6:15AM

It's a dealer's dream. People competing and paying too much for a dime to maintain registry honors.

millennium · October 6, 2003 6:20AM

wow.......that's one area I will stay away from..I just don't see it.....

FC57Coins · October 6, 2003 6:21AM

<< People competing and paying too much for a dime to maintain registry honors >>

Or you could just be satisfied with the ones you've got

keets · October 6, 2003 6:21AM

Evidently some folks are still willing to pay mucho dinero for uncommonly high grade moderns.

hey John

i took the liberty of editing part of your post. while the issue may be common, the grade will probably prove elusive. as for the winning bidder, i believe he either has an eye for quality, very deep pockets or both. he is a consistent winner of grade rare Jefferson Nickels, his eBay ID peppering my files as the consistent winner of coins in grades MS66FS.

al h.

cladking · October 6, 2003 7:06AM

<< It's a dealer's dream. >>

Few dealers have the time to sort through large numbers of coins
in search of the finest. Indeed, most dealers still don't even handle
such coins for fear of insulting their regular customers.

<< People competing... >>

Incredibly, there are actually people who collect this junk!!!

<< ...and paying too much... >>

Coins actually sometimes sell for more than face value or melt value.
Surprisingly to many neophyites, age does not determine value. Nor
does metallic composition, pedigree, condition, origin or mintage. Prices
are set by the interplay of supply and demand in a free market.

<< ...for a dime... >>

Yes. Exactly.

<< ...to maintain registry honors. >>

There is nothing wrong with being in the registry, but not all modern col-
lectors are in the registry.

dbldie55 · October 6, 2003 7:25AM

This coin had 3 bidders. Hardly a big following.

FanOfModerns · October 6, 2003 7:33AM

<< Look what the FB designation has done for common modern Roosevelt
1990-D Roosevelt

Glen >>

It's worth every penny. Thanks to PCGS the real rare Roosevelt dimes are finally starting to become known.

Baley · October 6, 2003 8:02AM

my my my that sure is a nice 1990 Roosie!

and it cost more than 150 times as much as this one:

So it must be a super gem coin!

mgoodm3 · October 6, 2003 8:10AM

In response to cladking. I was just saying that people bidding each other up to keep themselves on the registry seems like a dealer's dream. It was mentioned in an earlier response that the winner was the #1 Roosie registry guy who "heard footsteps" and that is why he overpaid. I'm not saying that the coin isn't worth anything. Certainly there aren't many of these high grade coins out there, but the seller probably made a handsome profit because of the competition.

onlyroosies · October 6, 2003 8:42AM

mgoodm3

There were a total of three bidders on the coin. The winning bidder was the only one of them that had a set
registered. The "so called" holder of the footstep set was not one of the bidders. At least thats the way I saw
it. There was no out bidding for registry points here. The winner of the coin is a very astute Roosie collector.
If you check out his set you will see he has made a great many of his dimes. I'm sure he has looked at thousands
of Roosevelt dimes and that probably includes the 90D. I'm sure he was not willing to pay up for this date if
he didn't feel this would become a very elusive date in full bands. By this time next year (or maybe two) we may
be looking back at what a great deal he got. I have to tip my hat to him...

Onlyroosies

mgoodm3 · October 6, 2003 8:51AM

" I suspect the current #1 set "heard footsteps", which is why he bid so much to win this dime. "

I was posting based on info from wondercoin's post above, since he claimed to be one of the bidders and knew the winner. If all that info was wrong well then you can disregard my post. What other collectors spend their money on is their business.

cladking · October 6, 2003 9:01AM

It will be interesting to see if this proves to be a good deal or a good way
to lose some money. Whichever is the case in the long run the buyer will
have a spectacular coin in the meantime. One thing is certain, and that is
that this coin was never common in this condition and time will not change
that.

mgoodm3 · October 6, 2003 9:08AM

It will be interesting to see how the value holds. My own opinion is that the registries have inflated prices a bit on all high end coins (modern and classics). If the registries don't fall from favor over time the prices may hold.

wondercoin · October 6, 2003 9:43AM

OnlyRoosies (Nick) - I made my comment about the "footsteps" (and, of course, just my opinion only), because current #1 in the MS Clad Dimes did outbid me, at least, so I thought. Am I right on that?

Of course, not to confuse current #1 on clads with current #1 on silvers - OnlyRoosies.

Wondercoin

onlyroosies · October 6, 2003 11:04AM

Wondercoin, You were right on with your post. I was stating that I did not see this as a battle for registry points.
I don't think the top bidder did either. I think his bid was based on what he felt was going to truly be a tough FB
coin to find. I wasn't trying to knock anyones post. I was as shocked as anyone to see what that coin went for.

Nick

Lowly Roosevelt Dime finding new appeal

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