sk*m/ed*l Roosevelt circa 1965 - Date Clad all NGC MS & SMS 10c's
After winning the 2021 Best Modern Set Award I want to add to the following NGC comments describing this ongoing set: "The series of copper-nickel-clad Roosevelt Dimes is now well over 50 years old, and this wonderful set is complete from 1965 through 2020 with the sole exception of the 1982 dime variety lacking a mintmark. All the coins are NGC-certified in high grades. Though it would be nice to have more photos, the grades speak for themselves. Among the more memorable entries are 1965 (MS 68), 1981-D (MS 68 FT), 1984-D (MS 67 FT), 1985-D (MS 68 FT), 1987-D (MS 67 FT), 1989-D and 2004-D (both MS 68 FT)."
Photos will certainly follow as recommended. As far as the coin entries go, a genre breakdown by the decades is in order as well as naming the responsible parties of the originators of a coin to give credit where credit is due. Most of the set coins were purchased from private eBay sellers with the balance from GreatCollections auction house in Irvine, CA.
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1965 to 1969 - the keepers are the #1 ranked 1965-P MS 68 FT purchased from renowned Jefferson collector chunk-it; 1966-P MS 68 FT purchased recently from Donovan Floyd of eBay's moderncoinking; and #1 rank 1968-D MS 68 FT, purchased from the "King of Coins" as I call him, Mark Di Lauro of eBay's datentype. Beside the 1969-D MS 68 grade coin there's room to work for upgrades to replace the other remaining quality year dates in the future.
1970 1979 - the coins of real accomplishment are the number of rare MS 67 FT grades specifically the 1971-D and 1976-D purchased direct from the sold previous #1 Registry Set owner Mark Gibson (or gemguy2u) and also his 1979-D 3/0 pop indirectly from RHF's Centurion Collection listed in 2018 by GreatCollections (GC). In late 2021 GC listed a newly graded 1973-P MS 67 FT 3(1+)/0 pop without mention of the consignor. The 1972-D and 1973-D MS 67 FT's were purchased direct from the super grading of Mike Rakosky who also provided four other tough date coins - two in MS 66 FT (1974-D, 1975-P) and two in MS 67 (1974-P 3/0 pop, 1977-P). A #1 rank 1970-P MS 67 was recently added from danmusz on eBay.
1980 to 1989 - the MS 68 FT's are of note: the 1981 P & D, 1985-P 3/1 pop and 1989-D are from Mark Di Lauro: the 1984-P 9/0 pop from Mark Gibson of gemguy2u; and the pearl of the whole group is the toughest date of 1986-P 1/0 pop coming from retired Bob Johnson formally bjcoins on eBay. The tough 1987-D MS 67 FT 6/1 pop came from RHD's Centurion Collection via GreatCollections in 2018.
1990 to 1999 - the coins of high note are first the pearl of the group, the 1995-D MS 69 FT 1/0 pop came from Mark Di Lauro who also contributed the 1990 P & D MS 68's, 1993-P MS 67 FT PL, 1995-D MS 67 FT and 1996-W MS 68 FT coins. The 1996-D, 1997-D 2/0 pop, 1998-P and 1999-D 6/0 pop MS 68 FT's came from Mark Gibson of gemguy2u. The 1992-D MS 68 FT 8/0 pop was acquired from RHD's Centurion Collection via GreatCollections in 2018 as was the 1991-D MS 67 and 1994-D MS 68 FT..
2000 to 2009 - the coins of note are dominated from the super grading results of Mike Rakosky - the 2000-P, 2001-D and 2002-D MS 68 FT's, 2003 P & D, 2005 P & D, 2006 P & D, and 2007-D MS 67 FTs are all from him. Mike's asking prices were always modest and fair, never out of line or in need to dicker with which is a rare tribute one can give another in the coin business. Two other coins came from Mark Gibson of gemguy2u - the 2004-P MS 68 FT10/0 pop and 2008-P MS 67 FT 3/0 pop. Lastly, Mark Di Lauro provided the 2004-D MS 68 FT 15/0 pop. I have not seen a 2005-D 4/0 pop or 2006-D 6/0 pop SMS MS 69 FT available over the last 15 years and may have to buy them in a PCGS holder and hope for a successful PCGS crossover event to occur just as James Lam of coinnut did in late 2019 which was the last increase of one in pop for these coins.
2010 to present - the MS 69 FT coins are key, such as the 2011-P from eBay's screaming-eagle-coins & 2011-D from RHD's Centurion Collection on GreatCollections. The 2016-P came from Mark DiLauro of eBay's datentype who also produced the 2019-D PL, the first time such grade was ever recorded in the NGC Roosevelt Census. The 2019-P & 2021-D coins came from Mike of eBay's tazmicenterprises. Three relative newcomers on eBay produced the remaining three MS 69 FT coins as follows - 2020-P kennedy_koins, 2020-D jdfinns, and 2021-P the_coin_look. However, honorable mention on the 2016-D MS 68 FT DPL goes out to RHF's Centurion Collection from GreatCollections. The 2015-D MS 68 FT PL from GreatCollections is sweet to point out as is mentioning eBay's McM for the rare low pop 2012 P & D MS 68 FT pair which seem to be the toughest year-date to get in higher grade of this genre group. Both of the 2012 dimes were the first to be auctioned that year on eBay selling awfully cheap, only a few followed, one of the few times buying early while bidding blindly with unknown specs as to how many graded at the time with no pop
data available for several months later of the actual grading date of the coins. So many other times has that early guess been wrong, no matter what coin denomination over our several years of experience in buying new mintages. With no insider grading knowledge available, it's a crap shoot of very few winnings that will cost you in the long run.
It should be noted that some of the above coins may have started in the stupendous former #1 Paul Kiraly Registry Collection named "Killing the Competition" that pre-dated the former #1 Mark Gibson Registry Collection named "Gemguy2u."
My final comment about this set has to do with the drastic decrease revisions of recent past made in the NGC Price Guide for 1965 to present clad Roosevelt dimes, a valuation fiasco to the detriment of established NGC Collectors or Registry set holders and a loss of trust causing confusion to the marketplace in general. I have kept comparison notes of NGC vs PCGS values of my graded set of coins for the past decade. Prior to NGC's recent revisions my NGC/PCGS set valuations were relatively close with the NGC total being about 20% lower than PCGS's on average. Currently I have discovered that a PCGS set total of the same is now valued around 3X higher than my NGC value which is now at 25% of a likewise PCGS set total. Straight comparisons between NGC & PCGS coin data are more like comparing apples to apples with the variances not approaching apples to oranges differences. Grading practices are similar, but population numbers are skewed higher in PCGS for the most part favoring NGC valuations to be higher not lower due to supply economic reasons. Additionally, since buyers young and old rely on set Price Guide values in determining the price to buy a coin, there has been significant reductions in prices paid across the board for 1965 to Date NGC graded Roosevelts since the NGC revisions disrupting the established market prices as once experienced beforehand. Sellers today suffer from the lower revenues leading.to their unwillingness to sell their already graded stock eating the difference which dries up new listings of available coins. Sellers submitting raw coins for new grading has slowed down, too, worried about the higher associated risk of receiving lower bids and sale prices to earn a proper return on their investment. One of NGC's main goals in making the revisions was their attempt to provide a value on the many graded coins that had none provided, Another goal was to provide coin values more closer to their actual closing sales prices. Both of these goals if reached would be seen as great accomplishments and positives to everyone, but the good intensions had a major drawback that would hinder the accuracy of the revision calculations. That problem, as I see it, had to do with the lack of data that was incomplete or non-existent from their limited collection of past historical sales to be fed in to equations of the revised formulas used. NGC has only limited access to a small portion of coin sales data coming from Heritage or GreatCollection auctions. No data is collected from eBay, the largest coin marketplace in the US, or private sales. This can be witnessed in the Coin Explorer section that lists limited and outdated past sales, the vast majority of which is from PCGS coins. It's no secret that NGC for years has been using (or pirating) PCGS's wider spread of data collection for their coin valuations, even though the comparison between NGC & PCGS buyers are hard to evaluate in so many instances, let alone the grading and population variants to consider. There is no rationality to explain the extreme of the NGC revised lower values versus those of PCGS. Remember, in the comparison I made above on my set that amounts up to two thirds difference. PCGS is not 3X better than NGC. In fact, I take pride in buying NGC graded coins only and believe that if there is a difference between the two best grading companies in the world I give the advantage to NGC. NGC must have tried or was forced to rely more on their really insufficient collection of data on NGC coins this time. What a poor situation for the pressured actuary to be in trying to perform magic to fulfill company goals. NGC got it all wrong to the point of causing reputation damage to itself and valuation losses to its members the company has strives to protect. NGC knows this having heard the cries made by many and did fire personnel directly involved about the complaints after the fact. Kudos for NGC making the act, but the revisions have not been changed for the most part staying with the lower values. The bosses trying to figure out a next step to get things right from here have been quiet without any public acknowledgement, no news announcement to membership, not even a whisper heard that one may hear about from time to time. The Roosevelt coin denomination wasn't alone in lower Price Guide value revisions with similar ramification issues suffered of the same sort. No word yet about NGC consideration to beefing up or adding assets to the department of data collection as a possible answer to the open sore problem. which is on the back end of operations. Instead, we do here about the front end increases dealing with increasing the number of grading coins. Trust and Loyalty of the brand to invest in the back end is just as important, maybe even more from my view. I've used this space as an advantage to comment on the issues involved. If felt that such is not the place nor proper, I apologize for not knowing better.
Sheila Moore.
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sk*m/ed*l Roosevelt circa 1965 - Date Clad all NGC MS & SMS 10c's
By Sheila Moore
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