Modern Roosevelt Full Torch Dimes - Investment Of The Future (Ongoing Finds)

Nice coins.

Thanks.

I wonder where mint set prices would be today if the sets were still untarnished. Right now the prices are soaring but most of the sets have to be dismantled and the coins cleaned. While cleaning isn't very hard it's still a lot of work for inexpensive coins and especially inexpensive coins where most of them are badly made and banged up before going into the packaging.

I find the situation all pretty surprising and never envisioned that the mint sets would turn bad just when the last of the coins in circulation are disappearing. I didn't expect the older coins in circulation to go so suddenly. The last dozen years has been hard on them and the next dozen is likely to be far worse.

The wholesale price on Ikes has ratcheted up again. Nice chBU's are now being purchased for $4 each! Buyers don't want tarnish or spots and they'll also reject those with lots of bagmarks or ugly for any reason. As issued more than 95% of '78-D Ikes in mint sets were nice chBU's but only 60% of the Philly Ikes in '75 sets (type I's). Now it's closer to 90% and 45% and almost all will need a bath to make the grade. Then figure about 20% of those that come out of the bath will have spots and other problems since sometimes the tarnish is permanent.

It's a shame collectors have ignored these coins so long and allowed this to happen. I should have been more pro-active when the tarnish first started showing up but, I guess I was in denial.

There simply aren't enough coins any longer to support a mass market. Look how tiny the Ike market is but the prices are still soaring. Imagine if people wanted Gems or at least gemmy coins and even chBU's were in short supply. Many moderns like gemmy 1976 t I Ikes or FT Roosevelts are just so elusive that they will necessarily be niche markets.

Meanwhile the last of the mint sets are continuing to be lost, dismantled, corroded, and snapped up. Even the later dates are now beginning to corrode. I don't know where collectors in the future will acquire these coins because for 67 years everyone who wanted moderns just got them out of mint sets. There's no wholesale market at all in chBU 1977 quarter rolls and no wholesale market for even single FT dimes!!!

Three weeks ago I sent some more ft Roosevelt's to PCGS and hoping to have some of their top pops. Maybe I will see some high grades but I have been let down in the past so I am still hoping.