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Roosie Collectors-Please share your insights on Full Band Designation and Pricing
Ronyahski
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Roosie Collectors - Please share your insights on the full band designation and their pricing, for those who are curious and want to learn.
* Looking at price guides, it appears that the relative prices of FB vs. not FB for 67 Roosies is in the range of 2x to up to 12x/15x or so for the rarities, with many of the dates in the range of 3x to 4x (including the PCGS prices, only looking at relative comparitive prices, not the real dollar amounts). Is that real world?
* What do you think of the grading standards with the TPGs? Are they predictable, consistent? How confident are you that you'll know how a TPG will grade on the designation when you look at a coin?
* Given that the FB designation is relatively new, what do you predict that will do to the relative prices as time goes on? Is the price spread higher now because of population spreads or because of the "newness" of the designation? Will prices come down because many more FBs will be graded, or the newness will wear off? Or will price spreads go up because the collector base has not yet caught on to the FBs?
Just some observations and thoughts to start some comments.
* Looking at price guides, it appears that the relative prices of FB vs. not FB for 67 Roosies is in the range of 2x to up to 12x/15x or so for the rarities, with many of the dates in the range of 3x to 4x (including the PCGS prices, only looking at relative comparitive prices, not the real dollar amounts). Is that real world?
* What do you think of the grading standards with the TPGs? Are they predictable, consistent? How confident are you that you'll know how a TPG will grade on the designation when you look at a coin?
* Given that the FB designation is relatively new, what do you predict that will do to the relative prices as time goes on? Is the price spread higher now because of population spreads or because of the "newness" of the designation? Will prices come down because many more FBs will be graded, or the newness will wear off? Or will price spreads go up because the collector base has not yet caught on to the FBs?
Just some observations and thoughts to start some comments.
Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
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Oh, another note on price guides, they supposedly just "updated" it, but still many prices still seem double or triple what you can actually obtain them for, and some dates are just as wrong too low. They will never get that price guide correct because on coins with such a thin market, there is a huge variation in what dealers would like to get, and what collectors would like to pay.
I am a realtive newbie with the series and I only collect 1946-64, but I will throw in my two cents just for fun.
I do not pursue slabbed FB Roosies mainly because they are not in my price range in 66+, but also because I do not think it is worth the premium. A well struck coin does not always have full bands and full bands do not always signify a well struck coin, but generally FB does correlate to well struck. I will buy raw FB coins if I can see them in hand or a slabbed FB sight-unseen if its a good deal. Personally, I just don't think that having full bands always makes the coin much nicer than a really nice non FB Roosie (back to the whole buy the coin, not the holder montra).
As far as grading consistency, I have a bunch of 65's that I bought in 66 holders, but I think it is really tough to score a 67+.
okay, that thunder was way too loud, I think that is "Numis" the god of coins, telling me to stop yapping because I am a newbie in the land of major experts.
Gotta go!
coins are greatly underappreciated because people just assume they are all common and
common in high grade. In actuality some of the rarest of all US dimes are in this series and
it's one of the longest running of all US coin series. In fact the clad dimes are near the top
of longest running unchanged series.
It's likely there will be many years of growth in this series and (at least the clads) can be as-
sembled from circulation. (including one of the scarcer issues).
Many Roosies are tough in high grade and some are even tough in the just missed grades.
While the clad dimes are the easiest moderns to find in gem this does not apply to all dates
and it most assuredly does not apply to Full Bands.
Check out The Authoritative Reference on Roosevelt Dimes" by Kevin Flynn (2001). While
there may be some clad varieties reported in the future, the book is quite comprehensive.
<< <i> In actuality some of the rarest of all US dimes are in this series ... >>
What do you mean by that? Are you comparing rarity of Roosies, including clads, to coins like Bust and Seated, when you say that they are some of the rarest of all US dimes?
The '82-NMM is one of the lowest mintages and can still be found in circulation (there are only a handfull of lower mintage dimes).
Then, of course, there are the '68, '70, and '83 No "S" dimes which are all scarce.
Don't forget all of the '92 to date silver proofs have lower mintages than most mercury dimes and
the '96-W is the lowest mintage dime since 1931.
Many of the regular issue coins are very scarce and even rare in well struck gem.
K S
<< <i>Sure. The 75-No "S" is one of the rarest US coins.
The '82-NMM is one of the lowest mintages and can still be found in circulation (there are only a handfull of lower mintage dimes).
Then, of course, there are the '68, '70, and '83 No "S" dimes which are all scarce.
Don't forget all of the '92 to date silver proofs have lower mintages than most mercury dimes and
the '96-W is the lowest mintage dime since 1931.
Many of the regular issue coins are very scarce and even rare in well struck gem. >>
Thanks for the reply. Didn't really have error coins in mind. Even so, most of the coins you mention aren't really some of the rarest of all US dimes.
Never heard of a 75 No "S". How many are known?
Oh, and to buy my coins, see below
Dennis
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<< <i>
Never heard of a 75 No "S". How many are known? >>
Fifteen is the number usually bantered about.
Pricing--we'll simply have to wait and see. I still see it as a "Catch 22". The perception is that the prices do not warrent them being sent in for grading. And if most of them aren't being sent in how do you support a rising price? I know it's a simple supply and demand issue in regards to price, but how many Gems are locked up in 'Uncle Mike's' closet?
Ken
<< <i>What does TPG mean Top Grade? >>
Third party grader, (PCGS, NGC et al)
<< <i>
Pricing--we'll simply have to wait and see. I still see it as a "Catch 22". The perception is that the prices do not warrent them being sent in for grading. And if most of them aren't being sent in how do you support a rising price? I know it's a simple supply and demand issue in regards to price, but how many Gems are locked up in 'Uncle Mike's' closet? >>
I'm sure you're right that relatively few coins will be sent in if the price is too low
to cover the cost of grading but It still seems highly improbable that anyone is sit-
ting on large quantities of such coins. While there may be a lot of "uncle Mikes",
probably no single "uncle Mike" has any quantities simply because of the way that
the coins were made and distributed. Even if one were lucky enough to find a run
of gems, it usually did not include more than a few coins.
This is why they might make such a good collectible for younger people; they'll
have more time to be appreciated and to learn which are the rarities and which
are fairly easy. Many of the "Uncle Mikes" will have sent their coins in and pop-
ulations will be more meaningful.
It probably will be in the near future that the more run of the mill gems will sport
some higher prices. Don't look for dramatically higher prices except on a few since
these are easier than the larger coins typically.
rainbowroosie April 1, 2003
<< <i>
<< <i>
Pricing--we'll simply have to wait and see. I still see it as a "Catch 22". The perception is that the prices do not warrent them being sent in for grading. And if most of them aren't being sent in how do you support a rising price? I know it's a simple supply and demand issue in regards to price, but how many Gems are locked up in 'Uncle Mike's' closet? >>
I'm sure you're right that relatively few coins will be sent in if the price is too low
to cover the cost of grading but It still seems highly improbable that anyone is sit-
ting on large quantities of such coins. While there may be a lot of "uncle Mikes",
probably no single "uncle Mike" has any quantities simply because of the way that
the coins were made and distributed. Even if one were lucky enough to find a run
of gems, it usually did not include more than a few coins.
This is why they might make such a good collectible for younger people; they'll
have more time to be appreciated and to learn which are the rarities and which
are fairly easy. Many of the "Uncle Mikes" will have sent their coins in and pop-
ulations will be more meaningful.
It probably will be in the near future that the more run of the mill gems will sport
some higher prices. Don't look for dramatically higher prices except on a few since
these are easier than the larger coins typically. >>
I see what you mean.
Maybe I'm thinking of it in terms of the general disregard by the larger collecting community and by most dealers. When was the last time an average size dealer sent in some Roosy dimes to be graded? As a Roosy collector, that's great, it keeps them affordable. But of course that in conjuction with the vague FT pricing, makes it interseting to say the least.