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Picking A Key Date Clad Roosevelt Dime: My Coinweek Column

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Pillar of the Community
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 Posted 05/30/2012  4:42 pm  Show Profile   Bookmark this reply Add allranger to your friends list
I know that this is slightly off topic but you mention it in your article that we have gone from idealized forms of liberty to presidents. Do you think this is good, bad or just making an observation?

What I am getting from your article is that while much of the clad coinage was minted in large amounts, condition rarities are going to be a big thing in years to come. I can see that.

You mention that the numbers for the 1969 are implausably low. Does that mean you think that there are many more out there that people haven't sent in for grading yet, or do you think that it is hard to believe that that few high quality examples were saved?
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 Posted 05/30/2012  5:45 pm  Show Profile   Bookmark this reply Add cc99999 to your friends list
I think presidents being on coins makes it tough to change motifs- therefore, we can have a series linger for generations and feel uncompelled to save examples from the series. With liberty, the coins were changed every other generation or so. People who noticed that Flying Eagle cents weren't so common in their change could save them when they got them in change in the 1890s or 1900s. Who looks at a worn 1965 Washington quarter these days and thinks, wow! that's an old coin? probably nobody. Of course, people do collect the silver coins- but with a series like the Washington quarter or the Roosevelt dime, I think, we collect silver examples because they are silver. I don't know anybody that only collects Mercury dimes because they are silver... or Standing Liberty quarters.

As for Roosevelt populations... there's such a huge downside risk to submitting that I think at this point it is the role of profiteers and specialists to submit these coins. So populations will be implausably low. How many well struck 1969s are out there? fewer than you'd think. Is it a good time to look for them? If you like dimes and you like playing the long game.... sure? What will it cost you? ten cents a piece?
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 Posted 05/30/2012  8:23 pm  Show Profile   Bookmark this reply Add M0nks to your friends list
didnt read it yet and I would agree it should be the 1996 W now ill read the article
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 Posted 05/30/2012  8:57 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
Great article! There's quite a few anaolgies that can be made with the Lincoln memorial series. I have at least 10x the time spent on my memorial set compared to my wheat set. Finding high quality coins is really that difficult. The good news, for now at least, the memorial cents are cheap and I've cherrypicked quite a few from dealers and OBW rolls. However, it's a TON of work!
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 Posted 05/31/2012  11:24 am  Show Profile   Bookmark this reply Add jbuck to your friends list
Loved the article.

I knew that the 1996-W was too obvious a choice and suspected you would teach me something new.
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 Posted 05/31/2012  11:37 am  Show Profile   Bookmark this reply Add chasinva69 to your friends list
to me this is like asking who was the tallest kid in your first grade class? Sorry but IMHO the author got it right saying "it seems the hobby as a whole can give the clad era one great big shrug of the shoulders."

Maybe someone can tell me why I'm wrong. Always willing to learn.
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 Posted 05/31/2012  12:57 pm  Show Profile   Bookmark this reply Add wquinn to your friends list
Interesting article. Nice to see a different opinion on rarity other than the 1996-W.
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 Posted 05/31/2012  1:33 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list


I really enjoyed your article. I will certainly look at Roosevelt dimes differently going forward. If nothing else it will give me something to be on the lookout for.

As for your point about the clad series failing to garner a lot of interest I agree that the long run of same styles is a major factor. It is fun to collect an entire series but when you start to have 100+ coins it going to get boring to me. Not to mention very costly for future generations if they are ever scarce. While it is fun to attempt to complete a set from circulation you don't need a 50 year long series to do that. Whatever is currently being circulated will work.

I think this article is a great argument for a change in ALL coinage.
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 Posted 06/01/2012  10:05 pm  Show Profile   Bookmark this reply Add cladking to your friends list
I like the column a great deal and agree with most of it. I believe these coins are going to surprise people in the long term because they've racked up nearly half a century of nostalgia already and this is the number one driver of demand until the last users have shuffled off the mortal coil. Figure for most practical purposes that's 70 years of demand. Since they weren't set aside collectors will find many dates in short supply and very short supplies of superb coins and Gems. One of the best things this set has going for it is that even with greatly increased demand a complete (no 82-NMM) gem set will still be affordable for most collectors. Even the tougest Gems should have populations of several thousand. It will be the only modern set affordable in Gem if demand takes off and this will add extra demand for all coins in the set in all grades. ChBU sets will be very affordable though cents in this grade will be cheaper. There's a lot going for it and BU rolls are nearly as scarce as the clad quarter rolls. With a cheap silver series associated with it even more demand can be generated.

I like the '82-NMM pictured in the article.

Kudos and keep it up. These stories are very interesting.

ttt
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 Posted 06/01/2012  10:13 pm  Show Profile   Bookmark this reply Add cladking to your friends list
I should have mentioned the W-mint coin might surprise people too. Everyone will want one and won't be able to just pick up an inferior example from circulation. This will focus demand on a coin with a fairly low mintage compared to potential demand. The fact that it comes so choice will inspire some to seek out other dates as nice. It was a mania rather than real demand but the much more common and less well dispersed '50-D nickel got up close to $200 in today's money. The same demand for this coin would be chaotic. This isn't to say anyone should buy it for investment. Even if it were known to be a good investment there are lots of other clad dimes with far more potential that could be bought for much less.

People should consider most circulating moderns as long term holds if they hope for higher prices. The best bet is finding superb coins that are already worth a lot and either setting them aside or slabbing them to sell. I thinkit's a superb time to start collections of these but I've believed this since 1972 and have screamed it from the roof tops since 1986. I've been wrong a very long time.
Time don't fly, it bounds and leaps.
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 Posted 06/02/2012  12:41 am  Show Profile   Bookmark this reply Add ghostrider to your friends list
I agree that the idea of continuing to mint the image of dead presidents can and led to stagnation of the thought process at the you S Mint. What has brought a great change to the American coinage has been the inception of the Statehood and America the Beautiful Quarters. These are truly a work of art and should be celebrated as such. The American Eagle program (Silver, Gold, and Plantinum) continues the image of heraldic freedom.

We truly need to update the modern coins and revamp all coinage like we have been doing with the quarters. The 2009 penny was a good start but not it appears that the shield will be on the coin for the next 50 years before something changes The westward expansion nickels were a welcome break but now we are back to the Montecello image. The dimes haven't been changed in over 50 years, and the half dollars haven't been changed in almost 50 years.

What about doing a series of american wildlife on the back of the dimes. The people in Florida would go for the alligator, the Californians would probably like the image of the condor. We could go for an elk. The people from Wisconsin would go for the badger, and from Michign we could have the wolverine. Tennessee with the Walking Horse, Kentucky the Thoroughbreed, There's plenty of animals to go around. Then there the image of flowers or birds.

There are plenty of topics that would keep the coins interesting and attractive.

Anyone else have any iders?

(edit) Sorry cc999999 I wasn't trying to steal the topic. I just was responding to the comments of stagnation in the coins and what amounts to monotonmy.
Edited by ghostrider
06/02/2012 12:43 am
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 Posted 06/02/2012  01:31 am  Show Profile   Bookmark this reply Add cc99999 to your friends list
well, if they were going to keep making the cent, something I oppose, then I'd replace VDB's obverse with Fraser's 1951 proposal- which came oh so close to becoming a reality.

i also think Martin Luther King would be a suitable figure for a coin- maybe the half.

i am going to write an article about putting Reagan on a newly circulating quarter eagle coin...

but that's a discussion for another day.
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 Posted 06/02/2012  02:18 am  Show Profile   Bookmark this reply Add ghostrider to your friends list

Quote:
I'd replace VDB's obverse with Fraser's 1951 proposal- which came oh so close to becoming a realit.


What are Fraser's 1951 proposal.
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 Posted 06/04/2012  2:28 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
i am going to write an article about putting Reagan on a newly circulating quarter eagle coin...
Pillar of the Community
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7840 Posts
 Posted 06/04/2012  2:41 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
Is this what you were referring to?

http://uspatterns.com/19lincen.html
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