For the Roosevelt Dime Specialists

[Newmismatist]

Here’s an area that Roosevelt Dime Specialists on our forum can help out their non-specialist fellow members.

 

How do you define “Full Bands”?

Which Dates are difficult to acquire with Full Bands?

How much more are the Full Bands dates worth than their non-full bands counterparts?

 

 

[gmarguli]

FB = The PCGS version where all that is required is the bands on the torch to be split.

 

FT = The NGC version where the bands need to be split and the vertical torch lines need to be split and there can be no hits on them.

 

As for what are rare, I don't know, but from what I have seen the rarest thing to find is a collector that actually collects them this way.

 

[cladking]

Apparently most of the clad issues are proving pretty difficult with the designation. It's not that these coins are that difficult to find with full strikes but the services want to see bands which are split across the entire torch. The dies didn't always include this detail so full band and full torch clads are not being found in any numbers for many dates. The interest in Roosies and in full torches appears to be growing very rapidly in the last few months and the collectors are still learning which issues are tougher. If this interest continues there should be a major effect on these markets over the next couple of years.

[LucyBop]

what is also rare is not finding a person whom feels they have to bag on people that do collect this way.... or their way, or their kind of coins... ect, ect.

[Newmismatist]

what is also rare is not finding a person whom feels they have to bag on people that do collect this way.... or their way, or their kind of coins... ect, ect.

 

Lucy

 

Excellent point - Coin collecting is fun - collect what you like!!

 

I've got very strong views on the price differentials between full strike coins and non-full strike coins, (I do not think most are justified) BUT that's a different issue then what coins and how a person should collect those coins. I think the FB/FT designations may have as much to do with marketing and having to pay twice to have your Rooosies graded (benefits the TPG companies much more than the collectors) BUT collecting this series by looking for sharply struck coins is no different than looking for full breast Morgans in the O mints.

[currentcoin]

Information:

 

In the silver Roosevlts one would find

 

1963, 1963-D,1958, 1957, 1955-S, 1949-S

to be the tough ones to find with FB/FT.

 

In the clad set just about all except the most current coins 1999 and newer.

The 1970's and 1990's era coins will be the hardest to find.

 

Glen

 

I collect them and I like them.

[jom]

...(benefits the TPG companies much more than the collectors)

 

You bet your bippy it is!

 

From a marketing standpoint it is a great way to sell an otherwise common coin for a big premium. It is a wonderful marketing tool, I wish I had thought of it.

 

It is also NOT a matter of "bagging" on someone. If somebody wants to pay a 30X premium for a full whatever that is < 3% of the area of a coin AND the coin doesn't even have a FULL STRIKE, that is their business. That doesn't mean "I" have to do this nor is it going to keep me from expressing my opinion about it. After all, just like grading, it is simply an opinion. That's all.

 

jom

[cladking]

...(benefits the TPG companies much more than the collectors)

 

You bet your bippy it is!

 

From a marketing standpoint it is a great way to sell an otherwise common coin for a big premium. It is a wonderful marketing tool, I wish I had thought of it.

 

It is also NOT a matter of "bagging" on someone. If somebody wants to pay a 30X premium for a full whatever that is < 3% of the area of a coin AND the coin doesn't even have a FULL STRIKE, that is their business. That doesn't mean "I" have to do this nor is it going to keep me from expressing my opinion about it. After all, just like grading, it is simply an opinion. That's all.

 

jom

 

Incredibly none of the third party graders are charging a premium to denote these coins as FT or FB's. This is a free service and was even extended as a free service to already graded coins in registry sets.

 

It is not reasonable to expect grading and time to stand still and that there is no reason to change or modify existing grading standards. Nor is there any need for collectors to send in previously graded coins since as has been pointed out, one can just look to see if they are FT.

 

Are we to believe that the services were hoarding FT coins because they intended to add this designation?

 

Those who are profiting the most from this move are those who sought out well struck coins previously and those who collected the series. It has been very beneficial to the series and if it gets more people collecting coins then the TPG's will profit from increased volumn in all their products.

[cladking]

 

From a marketing standpoint it is a great way to sell an otherwise common coin for a big premium.

 

 

It should further be pointed out that many dates of Roosies are not common fully struck. It doesn't matter if you're referring to fully struck mottos or fully struck leaves, they simply are not common in this condition. These designations also apply to the scarcer issues, too. Calling them "otherwise common coins" is stretching a point. If one doesn't care much about strike than there are many other dimes to choose from. If one cares about more than just the strike of the torch then he can seek other coins. If one doesn't like Roosies at all there are lots of other coins to choose from.

[gmarguli]

Incredibly none of the third party graders are charging a premium to denote these coins as FT or FB's. This is a free service and was even extended as a free service to already graded coins in registry sets.

 

Free? You must be mistaken. It is not free. If I have a coin slabbed without the FB designation it is not free for me. If it was registered in a set at PCG$ before they made this announcement then it is free. Woohoo, PCG$ probably had to have their bulk graders examine 1000 coins to see if they met the designation for free. I bet the MINOR cost of this was made up by the overcharging of S&H by PCGS.

 

All the other previously slabbed coins had to be resubmitted and that was not free.

 

 

It is not reasonable to expect grading and time to stand still and that there is no reason to change or modify existing grading standards. Nor is there any need for collectors to send in previously graded coins since as has been pointed out, one can just look to see if they are FT.

 

No, I can't look and see if the coin is FB. I need someone to do that for me. I also need PCG$ to give me my extra registry points for this FB designation because I need to be on top. I need the people I sell the coins to to see the FB on the slab because they are slab buyers and not coin buyers.

 

 

Are we to believe that the services were hoarding FT coins because they intended to add this designation?

 

Those who are profiting the most from this move are those who sought out well struck coins previously and those who collected the series. It has been very beneficial to the series and if it gets more people collecting coins then the TPG's will profit from increased volumn in all their products.

 

I highly doubt that the person who had the biggest hoard will make even 5% as much as PCG$ will make in their first year over this designation. I have yet to find a person who had a sizeable stash of these coins before the designation. 99.9999999% of the people who collected this series didn't care about this designation before and 99.9999998% of those people don't care about it now.

 

[jom]

Those who are profiting the most from this move are those who sought out well struck coins previously and those who collected the series.

 

No. It benefits the dealers who sell the hype.

 

It also is a detrament in that it devalues the non-Full whatever coins because for some reason people think these coins are no good or not worth owning. Which, is a benefit to me actually because now I can get coins just as good at a discount.

 

Incredibly none of the third party graders are charging a premium to denote these coins as FT or FB's.

 

I don't follow this. Where did I imply that the services are charging a premium to grade FB's? BTW, I don't find this "incredible" by any means.

 

It doesn't matter if you're referring to fully struck mottos or fully struck leaves, they simply are not common in this condition.

 

That's all well and good but a FT designation tells you NONE of this, does it? It is focusing on the Torch only. What that has to do with the mottos or whatever is beyond me.

 

jom

 

[cladking]

 

All the other previously slabbed coins had to be resubmitted and that was not free.

 

 

.

 

There's the root of the disagreement perhaps. No!! They did not have to be resubmitted. Buy the coin, not the plastic. Sell the coin, not the hype.

 

If they are resubmitted, however, the attribution will be free. That is there will be no extra to pay to obtain the designation or even to fail to obtain the designation. The price has not changed since the designation was added. This is a free service of the grading companies.

[gmarguli]

All the other previously slabbed coins had to be resubmitted and that was not free.

 

There's the root of the disagreement perhaps. No!! They did not have to be resubmitted. Buy the coin, not the plastic. Sell the coin, not the hype.

 

If they are resubmitted, however, the attribution will be free. That is there will be no extra to pay to obtain the designation or even to fail to obtain the designation. The price has not changed since the designation was added. This is a free service of the grading companies.

 

Actually, the service is called Designation Review and it costs $5 or $10 depending on who you ask at PCG$. The coin is not regraded, but reviewed for the designation. That is the only purpose of this service.

[RobertB]

In regards to Roosevelt dimes all I can say is do a set now! I wouldn't recommend a certified set as I don't believe it's worth it. But for a few hundred dollars you can put together a dynamite raw ms set, (especially the silver issues.) It's also fun to seek out each coin and for peanuts. I really believe this is a super buy right now. I know many were apparently saved by the roll, but I'm speculating many of the rolls hit the melting pots during the silver boom. What do you have to loose $300-400 for the whole complete gem set of like 200 coins, with like 60 or so silver?