2009 .10 & .5 ?

Someone has to be first, why not you! Go for it.

Well, someone here got dogpiled for asking $120 a roll for the dimes. http://cgi.ebay.com/2009-P-Roosevel...ly_W0QQitemZ260418189064QQcmdZViewItemQQptZCoins_US_Individual?hash=item3ca2223708&_trksid=p3911.c0.m14&_trkparms=66:4|65:1|39:1|240:1318|301:1|293:1|294:200

Here's another one. It's at 31 dollars with 14 hours left!!

http://cgi.ebay.com/2009-P-Roosevel...OT_W0QQitemZ260417632968QQcmdZViewItemQQptZCoins_US_Individual?hash=item3ca219bac8&_trksid=p3286.c0.m14&_trkparms=72:1205%7C66:2%7C65:12%7C39:1%7C240:1318%7C301:1%7C293:1%7C294:50

i am excited about the low mintage dimes and nickels. Even if they are hoarded away its still cool to finally see a coin in your lifetime that circulates with a low mintage

The 2009 issues will not be common but this "rare" hype is just downright pathetic and nothing but blatant profiteering The most current figures I have are 96.5 million Philly dimes and 49.5 million Denver dimes which is anything but rare. As a comparison, the three 1955 dimes each had a mintage less than 19 million, are composed of silver, and probably sustained moderate melting in 1979-1980 just like all other 20th century silver coinage. What are they worth today? About $3 each in MS63.

The nickels are a bit tougher with 39.8 million Phillys and 39.4 million Denvers. As a comparison, 1951P had a mintage of 28.5 million and 1951D had a mintage of 20.5 million. These two have done a bit better than the dimes but are still only worth $5 in MS63 condition.

What does this tell us? Sure, it is a nice idea to try and get the coins for face value from a bank where they will be available eventually because these coins will have a better premium on them than most MS late 20th/early 21st century coinage. However, it makes no sense to pay huge premiums on a coin during a bubble when it could take decades for that inflated price to actually be worthwhile.

One more note on this "rarity" price inflation craze before I close this post, everyone can agree that the 1950-D nickel is certainly not a common coin with a mere 2.6 million minted. In the late 50s/early 60s, rolls of 50-Ds were trading well in excess of $500 What is the current Greysheet ask for a BU roll? A mere $360


Of course, the whole modern coin craze is out of whack right now and IMO is not good for the hobby. Anything modern that has a mintage of millions or tens of millions will never be rare. Classic coins with mintages in the millions did have the potential to become rare due to attrition through their continual use in commerce. Coins are not the economic vehicle that they once were. People buy in at elevated, hyped prices(see HSN, National Collectors Mint, and many ebay auctions) and then a few years down the road, they realize that their "investment" is worth a fraction of what they spent. What happens next? One less collector...



And that attitude is part of the problem. Today's modern market is not a real market at all, it is nothing more than an overinflated hype bubble(hi late 1990s tech stocks) and I have a problem with taking advantage of someone's lack of education all for the sake of hype and profit. Believe me- the bubble will burst, it will be messy, and alot of people will permanently leave the hobby over it

True, but those people that got them for face value and sold them for $500.00 were the ones doing the laughing!

Try not to read everything like its in all caps Guys. I dont think bio meant any harm. sometimes you read something that wasnt there to begin with

I have no problem with somebody making money selling a 2009 dime for $49.02. Rather my problem is why? I can think of better ways to spend that much money...Like a proof set that would contain a lower mintage dime or a mint set that would contain a dime (unless the mint is discontinuing those too) or 3 ounces of silver or................