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What Makes A Key Date?

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oih82w8's Avatar
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 Posted 02/09/2010  08:09 am Show Profile   Bookmark this topic Add oih82w8 to your friends list Get a Link to this Message Number of Subscribers
I can certainly understand mintage's (supply and demand), however...

The 1996-W (50th Anniversary) Dime, with 1,4 million coins struck, and only issued in mint sets, none intended for circulation, has the least amount of pieces available (not including proofs). Is this the Key to the Roosevelt series? Not according to trends.

The 1997-P Matte Jefferson, with a 25,000 reported mintage. This would obviously be the Key (due to mintage), but it is not a regular issue (included in the 1997 Botanic Gardens Sets).

The 1931-S Lincoln, I have been made aware of, was hoarded in mass numbers, due to it's announced limited numbers. Same thing would probably happen with the 2009 Jefferson's and Roosevelt's (which I have found one Roosevelt, in circulation so far), minimal numbers, but not much added value due to the lack of circulation.

Is there a baseline to use for determining keys (possibly MS-65)?
Edited by oih82w8
02/09/2010 09:09 am
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Bryan1315's Avatar
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 Posted 02/09/2010  09:43 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
the 96-W Dime may not be a "Key" coin but its definitely a nice one to have and have seen them sell for quite a bit. I don't know about the others mentioned but about grade, there certainly can be a grade rarity on some coins where the date/mm wouldn't make it a key coin but a key date coin is a key coin no matter what grade its in, for example a 1909-S VDB, its a key coin and no matter if its a G-4 or a MS-64 its always going to be a key coin for that series
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oih82w8's Avatar
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 Posted 02/09/2010  10:56 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Thanks Bryan, some of the keys are (IMO) no-brainers, like the 09-S VDB. Back in 1996 I picked up ten of the 1996 Mint sets, for the sole purpose of having the 96-W Roosevelt. I sold the majority of them, but kept a few. It would not be surprising how many sets were broken up to fill the album spot, but the price certainly has not gone up much.

I may use it for the Roosevelt clad type for the 7070, but I would hate to break it out of it's cello package.
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LuckyDIme's Avatar
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141 Posts
 Posted 02/09/2010  11:01 am  Show Profile   Bookmark this reply Add LuckyDIme to your friends list Get a Link to this Reply
Does the S mint mark on some of the old LWC make them more valuable ?
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oih82w8's Avatar
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 Posted 02/09/2010  11:07 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
For the most part, yes (exceptions do apply), especially if they are early Lincolns (pre-33);
http://www.numismedia.com/fmv/price...icesgd.shtml

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biokemist6's Avatar
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12437 Posts
 Posted 02/09/2010  1:39 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
The 1996-W (50th Anniversary) Dime, with 1,4 million coins struck, and only issued in mint sets, none intended for circulation, has the least amount of pieces available (not including proofs). Is this the Key to the Roosevelt series? Not according to trends.

The 1996W is the key date for the clad series and it should be considered a semi-key for the entire series. Mintage-wise, the key date for the silver series is surprising- it is the 1955P but it is common value-wise because all of the 1955 issues were heavily hoarded. The key date for the entire series is the 1949-S followed closely by the 1950-S because they had relatively low mintages and the MS survival rate is low.


Quote:
Does the S mint mark on some of the old LWC make them more valuable ?

It is not really the mint mark, it is the mintage. There are plenty of valuable D early Lincolns as well and the one thing they have in common in is much lower mintages compared to Philly issues.
Edited by biokemist6
02/09/2010 1:47 pm
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Pinenut's Avatar
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462 Posts
 Posted 02/09/2010  2:40 pm  Show Profile   Bookmark this reply Add Pinenut to your friends list Get a Link to this Reply
I've been gearing up to assemble a Silver Washingtons set, and this is a case wear mintages really don't tell the full story. Obviously the 1932D and 1932S are keys at under half a million each. Interestingly, despite there being 30 thousand less 32S, the 32D is valued 3x more in MS65 (another example of condition rarity trumping mintage rarity). But peppered throughout the series are IMO very low mintage issues that currently don't command that much of a premium (1946S, 1947S, 1955D).

In my following of the trends, I have observed that the war years quarters seem to command a bit of a premium irrespective of their mintage numbers.

I'd be interested in learning more about what others know about the series. My local dealer says that prices have started to dip of late now that the State Quarter frenzy has died down. I think I'm starting this set at a good time.

Thoughts?
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biokemist6's Avatar
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 Posted 02/09/2010  2:47 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Washington quarters are deceptively tough, especially pre-1940, making the first page of an album a doozy. There are numerous $100+ coins in MS grades but most are reasonably affordable in well- circulated grades. I am currently assembling an MS63-65 set, except for the 32D&S and 36D which are F, VF, and EF respectively. Once I complete the set, I will probably upgrade both 32s to EF but that is alot of money to spend right now when I still have holes to fill.
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