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United States Mint Opens Sales For 2015 March Of Dimes Special Silver Set On May 4

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Valued Member
United States
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 Posted 05/13/2015  12:59 pm  Show Profile   Bookmark this reply Add coinpictures to your friends list Get a Link to this Reply
Well, if your going to approach things with an anti-slabbing mindset, which you apparently are, then ANY amount above the original issue cost is too much. So be it.

Others will obviously disagree.
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United States
317 Posts
 Posted 05/13/2015  1:19 pm  Show Profile   Bookmark this reply Add PennyPiggy to your friends list Get a Link to this Reply
Sets in storage. Sign says "do not open til 2035".
Pillar of the Community
United States
1913 Posts
 Posted 05/13/2015  2:09 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
So did anyone else who bought this set get the MOD dollar with the milky haze on the reverse? Three of the five sets I received have this problem. Also, how long does it take the mint to issue return shipping labels? It's been three business days already.
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jbuck's Avatar
United States
189673 Posts
 Posted 05/13/2015  2:12 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Sets in storage. Sign says "do not open til 2035".
Nice.


Quote:
So did anyone else who bought this set get the MOD dollar with the milky haze on the reverse?
Mine is fine.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 05/13/2015  2:16 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
But that doesn't mean these are worth more than OGP coins. Historically, 69 graded coins sell for roughly issue price - here we're talking almost double..


Incorrect my dear friend....historically the 69's sell for right around the current cost of RAW coins...not issue price...big difference

As I linked above just the dimes are selling for $75 raw
Edited by Foxwoods Man
05/13/2015 2:17 pm
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jbuck's Avatar
United States
189673 Posts
 Posted 05/13/2015  2:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I have to agree with that. The 69 is common and will track the actual coin value. The 70 will have that premium value the slab fans will pay.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 05/13/2015  2:21 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Well, if your going to approach things with an anti-slabbing mindset, which you apparently are, then ANY amount above the original issue cost is too much.


Again...see above...not issue price..any price above RAW....believe it or not some coins DO increase in value over issue price and it has zip to do with grading...
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jbuck's Avatar
United States
189673 Posts
 Posted 05/13/2015  2:25 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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...believe it or not some coins DO increase in value over issue price and it has zip to do with grading...


The dimes are a long term winner. Look at the 1996-W if you do not believe me.
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1026 Posts
 Posted 05/13/2015  2:29 pm  Show Profile   Check omxfl's eBay Listings Bookmark this reply Add omxfl to your friends list Get a Link to this Reply
Okay, okay - I considered issue price = current value which, of course, is not always the case.

But assuming a 69 graded coin trades for raw value of the coin, then what is the point in paying a premium over issue price for a recently released coin graded 69? Even if you take the average selling price of the set on ebay at the moment ($90 give or take), a 69 graded set will cost you about $30 more. So either buy a 70 or one in OGP. 69 or lower just doesn't make sense to me.
But then I don't have a graded mindset. :)
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Foxwoods Man's Avatar
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4901 Posts
 Posted 05/13/2015  2:56 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Most (90%) of my coins are graded and I agree that I would not search out a 69 grade coin for purchase but there are MANY out there who have collections that contain ONLY 69 grade coins....mindset being, in reality, who can really tell the difference? Why pay the premium? Very easy to store those slabs...

When I make a submission my goal is to only submit coins that have the potential for 70 grade (my 2015 W ASE submission was 100% 70's )...with the sealed boxes that is not possible and will result in MANY more 69's in the POP which in turn should increase the value of the 70's I may get...

I will get my money back with the 69's from this set but that is not my goal....

On Tuesday I was able to sneak in another Mint order for 3 sets which I will keep in the OGP...best of both worlds



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AES's Avatar
United States
456 Posts
 Posted 05/13/2015  3:26 pm  Show Profile   Bookmark this reply Add AES to your friends list Get a Link to this Reply
I'm amazed at the turn on getting those graded examples in hand for sale. The mint only started shipping a week ago yesterday.
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 Posted 05/13/2015  3:30 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
there are MANY out there who have collections that contain ONLY 69 grade coins....mindset being, in reality, who can really tell the difference? Why pay the premium? Very easy to store those slabs...

Spot on! This is exactly my mindset. I have a good number of Proof-69 slabbed coins that look perfect to me. If I can't find a flaw, I don't care one bit that someone else thinks it's not perfect.


Quote:
with the sealed boxes that is not possible and will result in MANY more 69's in the POP which in turn should increase the value of the 70's I may get...

Which is likely the primary reason that the 3rd party graders like providing this "service".

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SA4H's Avatar
United States
2764 Posts
 Posted 05/13/2015  5:18 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
While this comparing the 2006 ASE 20th Anniversary Set to this MoD set is not apple-apple comparison, however it will give some perspective for some 'not so pro' collectors. I hope this will help them make better/wiser decision.

First, why I choose the 2006 ASE set as an example?
- Issue price was $100 (if I remembered correctly)
- Silver spot price was around the same range as now
- Long enough history for us to see (about 9yrs) and predict a possible pattern for this MoD set.

Note: I know the collector base for ASE vs Rosie Dime is different and that will contribute to price appreciation. So, we are only looking the TREND of similar sets.

Let look at some number for the raw set:
- Prior to the ASE sets frenzee (2011, 2012, 2013), this set was selling for about $200+ (how do I know, I had an opportunity to buy one in 2009/2010 but didnt)
- At the height of the ASE sets frenzee (2011, 2012, 2013) this set was selling for about $300 then climbed to $400+
- Current ebay retailer price is around $300/set (some Auction result realized lower, in the $250 range)
==> So this set will most likely see a jump in price, if down the road the Mint do something similar to the ASE to create a frenzee. May be someone can keep an eye for the 1996-W dime and see how this MoD set release impact its price.

Now let us look at the price graded coins:
- PF/MS70 complete set sold for over $1000. Here are some listing:
http://www.ebay.com/itm/2006-W-P-AM...em3f3422d60d
http://www.ebay.com/itm/3-COIN-SET-...271457637901
http://www.ebay.com/itm/2006-W-Silv...271457637901

- The UNIQUE 2006-P Reverse Proof in PF70 was in the $300 range pre-frenzee and now at around $500+ range. Here's one: http://www.ebay.com/itm/2006-P-AMER...em1c43754af9

- Non-Unique 2006-W Proof in PF70 (with the 20th Anniversary pedigree) stay relatively the same at around the $110 range. Why? There are many 2006-W PF so getting the PF70 is not hard and for to get the pedigree in PF70 is not hard either because it's a PF coin with better striking quality. Here's one: http://www.ebay.com/itm/2006-W-PF70...em35e9edcbe3

- Non-Unique 2006-W Burnished in MS70 (with the 20th Anniversary pedigree) was around the $300 range pre-frenzee and now at $700+ range, IF you can find one (here's one: http://www.ebay.com/itm/2006-W-1-AM...m35e95276b9. WHY? This one is totally opposite of the 2006-W PF since it's the first Burnished coin, the quality is not as high, harder to get in MS70 (just do a search on ebay), it's even HARDER to get MS70 with the pedigree. I didn't buy one of the 2006-W Burnished in MS70 so I will NEVER have a completed 70 set for 2006 ASE. I will be getting a OGP set though.

===> There are many of the 2006 ASE sets in OGP on the market and it keep the price stable
===> Once the set is opened, the pedigree for the common coin is GONE.
===> The MoD set doesn't have a non-proof coin so the quality/chance for PF70 is high and the PF $1 WILL COMMAND HIGHER PRICE than the one w/o the MoD set pedigree but it will not run up like the 2006-W Burnished in MS70 w/ pedigree.

This also bring back another point: Those of you missing/wanting to get a complete set of 2011 ASE set in 70 it may be a good time to look for.

I've got my raw sets, so now I will buy my graded 70 set, it's not worth it to send these in to grade nor buy the 69 sets. I am the type of all inclusive collectors. I like to cover my base and have at least 1 of each kind. It's a big problem for someone with small pocket book like me.
Edited by SA4H
05/13/2015 5:22 pm
Pillar of the Community
United States
589 Posts
 Posted 05/13/2015  5:33 pm  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply

Quote:
with the sealed boxes that is not possible and will result in MANY more 69's in the POP which in turn should increase the value of the 70's I may get...

For the time being, yes. But who knows what the future holds. Graded coins are but one person's opinion as to the grade. Things in the lower and mid-MS/PF grades are easy enough for most folks to determine on their own with sufficient experience, but when you get to MS/PF-67/68 and above, especially MS/PF-69 and MS/PF-70, can anyone **really** tell the difference, in all honesty?

It seems to me that while 70's might seem smart now (high premiums, that just keep getting higher), as well as it's nice to think of a coin as "perfect", how long will the trend continue until collectors respect that while a 69/70 is theoretically possible, trying to accurately grade it and actually convince people that such a grade is proper is just too hard, and just start paying 67/68-money for the "highest" graded specimens?
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welder's Avatar
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1037 Posts
 Posted 05/13/2015  5:42 pm  Show Profile   Bookmark this reply Add welder to your friends list Get a Link to this Reply
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