"Just Having Fun" MS68 PCGS Slab! 0

[coinman_23885]

Good luck to your consignor!

[Nutmeg Coin]

Bidding is up soon: http://coins.ha.com/itm/roosevelt-dimes/1964-d-10c-ms68-full-bands-pcgs/a/1238-3703.s

[RWB]

$2,200..... ?

[brg5658]

$2,200..... ?

 

$2600 ($3055 with juice) as of now.

 

I don't get these obsessions with plastic and labels, but this is still a far cry from the $10K for which it was being offered on eBay.

 

 

[RWB]

Still----it seems about 2 decimal places off.... ?

[brg5658]

Sold for $3,995 with the juice.

 

IMO about a $195 toning premium and $3700 plastic/label premium.

 

Whatever floats your boat I guess.

[Wondercoin]

Yes, the coin fetched about $4,000 at Heritage this afternoon. Not too bad for this market. Congratulations to the winning (floor) bidder. I noticed there were at least (3) different bidders between $3,000 - $4,000 on the coin.

 

It will probably be some time before I, personally, ever see a 1964-D Silver Dime I like better than that coin. But, it may possibly happen.

 

Wondercoin

[coinman_23885]

Yes, the coin fetched about $4,000 at Heritage this afternoon. Not too bad for this market. Congratulations to the winning (floor) bidder. I noticed there were at least (3) different bidders between $3,000 - $4,000 on the coin.

 

It will probably be some time before I, personally, ever see a 1964-D Silver Dime I like better than that coin. But, it may possibly happen.

 

Wondercoin

 

Congratulations to you and your consignor!

[brg5658]

Yes, the coin fetched about $4,000 at Heritage this afternoon. Not too bad for this market. Congratulations to the winning (floor) bidder. I noticed there were at least (3) different bidders between $3,000 - $4,000 on the coin.

 

It will probably be some time before I, personally, ever see a 1964-D Silver Dime I like better than that coin. But, it may possibly happen.

 

Wondercoin

 

Hopefully PCGS updates their absurd and inflated price guide value of $10,000 now...

[onlyroosies]

The PCGS Price guide is way way off. Not only do I hope they adjust accordingly for the 64D. All the pop 1/0 MS68FB's need to be adjusted to the down side. I was a bidder on the coin at $2600 plus juice. I was actually a bit surprised that the coin hammered as high as it did. I maintain my own price guide and I have the date in MS68FB valued at $3800. I valued this coin at $3000.

 

Congrats to the new owner

[jom]

Yep...I was there on the floor at the time (waiting for the Bust Quarters to come up). The guy was thinking on the last bid (I think there was a cut bid at $3300 just before) for a moment at $3400...then he raised the paddle.

 

Congrads on the sale and purchase!

 

jom

[Wondercoin]

Thanks for the bid OnlyRoosies. I agree that the coin did just fine in this market. Heck, key date 1912-S Liberty Nickels that were selling at major auction for upwards of $37,000 in the finest known PCGS-MS66 grade about (4) years ago are trading today at the same $4,000 (or less) that this Roosie dime fetched at auction yesterday! Now that is something to think about.

 

Wondercoin

 

 

 

 

 

[numisport]

Okay so some think 1995$ for a 64-D Rosie represents huge market swings on not so rare coins and I get that. However look at the overall picture. If nobody bough this stuff to take the hit, then there is no market and Its a 20 dollar coin. We need these people to support the hobby. Certainly I have provided support in my own way but I tend to seek rare and appealing proof coins that I can live with that will stand the test of time.

[onlyroosies]

Numisport,

 

I don't think the coin is a $20 coin. This is how I approached it. I think the coin has the nicest Obverse via technical grade I have seen. The obverse and reverse is very attractive. I graded the coin overall MS67+FB. The reverse on it's own is MS66FB. Still.... As an MS67+FB the value to me would only be around $1200. This is a registry coin and I'm a registry player. I understand that not everyone understands this registry thing. Now look at it this way. I value the coin out of the plastic at $500, This is what it would be worth to me. I value the plastic at $2500. When you're a registry player plastic sometimes has value. In this case as a pop 1/0 the plastic has value to me. That's how I arrived at my $3000 value or what I would be willing to pay for the coin. The coin (and plastic) is only worth what someone else is willing to pay. Apparently someone else was willing to pay more and valued it much higher than I. I just hope (as I've seen this happen before) that a dealer didn't buy it because of the PCGS $10K price guide number hoping to quickly flip it for 40% below PG and a good profit to an unsuspecting collector using the PCGS PG as a reference.

 

Onlyroosies

[rainbow roosie]

Nick,

Nice post.

[Hard Times]

I was in the auction room with jom when it came up awaiting bust quarter bidding. The bidder on the 64D Roosie was a young adult who was doing his homework on pricing as the bidding ensued on this piece. He hesitated to make that last floor bid, and he had a friend that he was consulting with before making it. It was fairly clear that this was his final bid and he was estatic when it succeeded. He obviously spent alot time time to find the value of this coin - kudos to him, kudos to wondercoin, and kudos to the consignor as everyone walked away happy. The auctioneer congratulated this young man for his success when he walked out a few lots after the 64D. I thought that was pretty cool and very astute of the auctioneer to do that.

 

Interestingly, next morning when I was at lot pickup the young man was right behind me for his lot. He was stoked to win it. He told me this Roosie was in a class by itself and that he was a specialist in top pop modern coins and this was one was special. Pretty cool to meet him and it was clear he did his research for this coin.

 

Best, HT

[Wondercoin]

Nick: I agree with RR - nice post.

 

I have no problem with your assessment of the coin as an MS67+FB (the same grade Mark Feld assigned). I personally think PCGS got it right at the half point higher grade, but "that's what makes a horse race". Many years ago, when this coin got priced at $10,000 over at PCGS, I firmly believe the PG editor got it right and the coin was a $10,000 "retail" coin. In fact, if memory serves me right, JHF started the bidding at $11,500 (w/BP) in 2009 at the Landmark Superior auction and while the coin did not sell at that auction at that reserve, I had an interested party in the dime, for slightly less, contact me after the sale to try to arrange a private treaty sale on the coin. Paul Song who ran the Superior Auctions at the time, gave me the interested party's contact information to deal directly with the collector (you know that wouldn't happen today, but Paul is quite the gentleman). While that collector did pick up a couple of JHF's unsold dimes, unfortunately, he passed away before the deal could be completed on the 64-D dime (which was on hold for him).

 

Again, at that time, 1912-S Liberty Nickels in MS66 grade were about $30,000 with a high Heritage sale of $37,000. But, unlike the 64-D dime in MS68FB, there were many additional sales of 1912-S nickels in MS66 over the past few years and the coins have drifted down to about a $4,000 current value (down roughly 80% or more off their high).

 

To this point, this 64-D dime makes an auction appearance (at a major auction) in this pop top grade only once or twice every decade. So, the time for the PG editor to adjust the price is now (I agree), but I personally think he got it right when he originally priced it.

 

There were 2 or 3 bidders willing to pay more than OnlyRoosies for this particular dime on this particular day. Quite frankly, I think the winning bidder did very well in winning the coin at the price he got it for. To be honest, I would have reserved the coin at around $4,000 - $4,250 hammer had we decided to place a reserve on the coin. But, no complaints, while this coin may have sold a little low, another coin in the sale that I consigned unreserved for JHF (I am in the process of selling off JHF's sensational USPI dupes) that I figured at around a $3,000 retail value sold for over $7,000. So, it all evens out.

 

As always, just my two cents.

 

Wondercoin

[Wondercoin]

Hard Times. Great story. I think I know who you are speaking of. In fact, if I am correct, he just wrote me to tell me he loved the look of the 64-D dime (and he also discussed with me the 69-D FS 5C at Stacks). He knows his stuff. He knows he will probably not see another 64-D dime nicer than this one until he is no long a "young man". .

 

Personally, my 1932-date Washington quarter collection in Mint State and 1936-64 in Proof - a set now closing in on 600 coins including all the varieties - is all I can handle as a true collector (besides my pattern Liberty 5C collection and Top 100 Moderns collection, which I am also doing). So, two "modern" and two "classic" sets that I have been going at for over (30) years (in the case of the classic silver quarters). If I could, I would have bought the 64-D dime for my personal collection, but, I gave up the love of the silver Roosies back in 2000 when I sold off my #1 Registry Set for good in order to concentrate on the quarters.

 

Based upon your report HT, clearly Nick can sleep easy tonight knowing that young man made an astute purchase

 

Wondercoin

 

 

[onlyroosies]

Mitch, I agree that at the time $10K was the correct number for the coin, and now is the time to fix the PG for the Silver Roosies. I have 3 where the PCGS price guide shows a value of $10K each. My price guide is around half that for each. a couple months ago PC lowered the PG on one of my pop 1/0 dimes from $12K to $10K. No sale has ever recorded for this coin, date or grade. I took this as a sign that PC will lower PG values without a recorded sale and hope they continue to do that. Even though my set would lose tremendous value based on the PG I believe in the long run this would be better for the hobby and potential future Roosevelt Collectors.

[Wondercoin]

Nick: I understand your position. With the recent gradeflation that has occurred over the past few years, there are now upwards of a dozen MS68FB coins on the market at any given time and mostly all of them are going unsold at the current Price Guide prices. It is really a "cat and mouse" game. Of course, you would like to buy some of these coins for your incredible collection, but perhaps at only 1/3 of the current Price Guide. On the other hand, the dealers slabbing this material would like to get 2/3 (or higher) of the current Price Guide and some can "wait it out". Likewise, you can wait it out. There is a "standoff" right now.

 

I assume you believe if the Price Guide was corrected downward, this would result in dealers readjusting their prices downward and collectors like yourself and others stepping back into the "game" buying up coins at "the right levels". Hence, your position that would be better for the hobby and potential future Roosie collectors.

 

And, to some extent, you are 100% right. As coins keep getting slabbed in the pop top grades, dealers will let a few go unreserved and "real sales" will begin again. Just like I did with JHF's 1964-D here that established a "true" current value on the coin of $4,000 (not $10,000 as the PG had been showing and not $2,500 - $3,000 as you were valuing it). Of course, your figures were much closer to current reality than the PG turned out to be.

 

And, note that my MS68FB was not the only dime sold that day at no reserve. If I am not mistaken a 49-D sold as well - a pop 9 coin now that I was not impressed with, especially with its weak FB. Yet, (2) MS68FB coins did actually sell at this show and perhaps this is the beginning of things heading in the right direction now that you can use the $4,000 price point of the 64-D to show that most other pop 1 PCGS-MS68FB coins should only be worth about $4,000, give or take, despite the PG pricing.

 

You and I signed up here on this message board a long, long time ago and your post count is similar to mine. It is nice to "talk Roosies" with you here or ATS. You have assembled a World Class set of Roosies you should be very, very proud of. And, one day it will pay off and I will not be terribly surprised to hear that down the road you sold your collection and the buyer paid you $10,000 for this pop 1 and $10,000 for that pop 1 MS68FB coin. While you collect these dimes purely out of the love for the series, it will be a nice "perk" when and if that happens.

 

As always, just my two cents.

 

Wondercoin

 

 

[schultzmeister]

MS 68  wonder which major player submited it

[EleMint Man]

 

Thanks for all the great comments. This has been epic!

Edited August 22, 2018 by EleMint Man

[numisport]

Guess I didn't realize it but Rainbowroosies '64-D is much more attractive in 67 Star and certainly more rare with that color.

[EleMint Man]

It's still top pop.

Edited October 5, 2019 by EleMint Man

[numisport]

This being an old thread, it would be interesting to see how many more 64-D dimes have been graded in 68 FB since that post in 2016. Let's include NGC pops as well. Also let's see if the 10k value has dropped way down or is PCGS registry 'add on' the real attraction here. Before I look at census numbers for 68 graded coins I would look at the mark free 67 Star coins first. 

Yes I see there is still only one at PCGS and I wonder how it would compare to the single NGC coin (or is it the same coin) ? I would rather see a comparison to a 67 Star coin because I just don't see this dime in a 68 holder. Dimes are small coins and if those reverse torch problems are hits rather than planchet problems........ game over.

Edited February 8, 2019 by numisport

[EleMint Man]

On 2/8/2019 at 12:31 PM, numisport said:

This being an old thread, it would be interesting to see how many more 64-D dimes have been graded in 68 FB since that post in 2016. Let's include NGC pops as well. Also let's see if the 10k value has dropped way down or is PCGS registry 'add on' the real attraction here. Before I look at census numbers for 68 graded coins I would look at the mark free 67 Star coins first. 

Yes I see there is still only one at PCGS and I wonder how it would compare to the single NGC coin (or is it the same coin) ? I would rather see a comparison to a 67 Star coin because I just don't see this dime in a 68 holder. Dimes are small coins and if those reverse torch problems are hits rather than planchet problems........ game over.

One graded MS68 FB. by PCGS and one MS68 FT by NGC. No info as to ICG or ANACS. Old thread come back to life! 

Check out Buffaloheads post. A truly remarkable story destined for the history books!

Still only one graded by PCGS. Highly doubtful there will ever be another graded @ MS68.

 

Edited March 19, 2019 by EleMint Man
add facts

[EleMint Man]

At it's high point, PCGS valued it at $10,000. Eventually the value dropped below $6,000 as I recall and now is valued at $8,000. If it were cracked now and  sent to NGC,  what designation would be attributed to this illustrious Rossie? My guess would be MS67, Maybe MS67+.

.

https://www.pcgs.com/cert/03572701

 

 

Edited October 5, 2019 by EleMint Man
add facts

[EleMint Man]

On 10/1/2017 at 8:58 PM, numisport said:

Guess I didn't realize it but Rainbowroosies '64-D is much more attractive in 67 Star and certainly more rare with that color.

Agreed. Some nice colors there!