The First 2010 Roosevelt Dimes
The first 2010 Roosevelt Dimes have apparently started showing up in the channels of circulation. At least two eBay sellers have individual 2010-P Roosevelt Dimes listed for sale at auction.
As of the last available production figures from the United States Mint, only 19 million of the 2010 Roosevelt Dimes have been produced, with the entire amount coming from the Philadelphia Mint facility. There have not been any 2010 Roosevelt Dimes produced at Denver. Additionally, there have not been any 2010 Jefferson Nickel produced at either mint facility.
Completed eBay auctions show that one of the first listed individual 2010-P Roosevelt Dimes sold for $31.00. That was for a single dime. There are currently 25 different listings for individual 2010-P Dimes on eBay. See the current auctions.
The listings seem to come from just two sellers, both located in Ohio. If you are in the area, it might be worthwhile to check out some banks to see if any additional rolls are available.
Last year, the first 2009-P Roosevelt Dimes started appearing in late May, located in Texas. In early June, more 2009-P Dimes and the first 2009-P Jefferson Nickels surfaced in Puerto Rico. Only recently, some 2009-D Roosevelt Dimes have surfaced, but the 2009-D Jefferson Nickels still remain elusive. (For all of the preceding, I am referring to circulation strike coins, not the satin finish versions which are found in the 2009 Uncirculated Mint Set.)
The 2009 nickels and dimes have attracted attention and high premiums because of the significantly lower mintages and the fact that they had remained elusive in the channels of circulation. The final production figures from last year were the following:
| 2009-P Roosevelt Dime | 96,500,000 |
| 2009-D Roosevelt Dime | 49,500,000 |
| 2009-P Jefferson Nickel | 39,840,000 |
| 2009-D Jefferson Nickel | 46,800,000 |
As a cautionary note to the current prices being paid for the 2010-P Roosevelt Dimes, an article in Coin World from earlier this year reported that the Federal Reserve had ordered 224 million dimes from the Mint. If the US Mint produces coins to fulfill the order, the total mintage would be above the last year's combined mintage for the denomination.
Also, prices for "firsts," such as this, tend to drive premiums irrespective of the rarity, simply for being the first available. These premiums shrink as time passes or more of the item becomes available.
Labels: Other Coins
posted by Mint News Blog @ 12:45 PM
22 Comments:
$31 for a single 2010-P dime. Unbelievable that people are willing to spend that much for a coin that could turn out to be quite common. I guess they have money to burn.
I think I have the first maple tree seed that helicoptered down from a branch from the spring of 2010! Wonder how much I'm going to get on ebay?!
In the past month or so I've gone through 4 cases of nickels (8000) I've bought from my bank mainly in search of finding 2009's.
I've only been able to find a total of 4 2009P's out of 8000 nickels. But I've also found 5 silver nickels, one shinny 1997S proof nickel (mintage 2.7 M) and many others from '39-'61.
So from my searching I've found it's actually easier (more likely) to find silver nickels in circulation than 2009's.
But I really hit the jackpot once again in my search for half $'s.
Just yesterday I stopped by the bank and I asked the teller for any half $'s she might have (which I always do when I'm at the bank). She had 15 coins in her tray and I could tell just by looking at them when she was gathering them in her hand that many of them were silver. I also got 2 rolls from another teller.
I put the coins in a bag I had with me at the time and didn't bother to look at them more closely until I got home later in the day because I was somewhat in a hurry to get to work at the time. I also bought 7 rolls of half $'s from another bank on my way home from work yesterday.
Anyway, when I got home from work yesterday I went through all the half $'s I had bought. In the 7 rolls I bought from the 2nd bank I didn't find any silver but I did find 3 very shinny 1987's (2P's and 1 D) which had a very low mintage of 2.8 M at each mint because I believe they were only released in mint sets that year.
But in the 2 rolls I got from the first bank I did find 1 40% silver half. And (saving the best for last) when I took the 15 loose halves out of my bag and looked at them more closely I found that 10 of them were silver - not 40% (which I more commonly find) but all 90% silver 1964 Kennedy's.
I had mentioned in a post a few weeks ago that I hit the jackpot about 7 months ago when I found an entire roll of Ben Franklin halves at my bank. I also mentioned in that post that although I never expected to have that kind of luck again, finding that roll really renewed my interest in searching for coins at the bank.
Well I didn't have the same degree of luck yesterday, but it was damn close.
It also convinced me to stop wasting my time searching for the elusive 2009 nickels and just focus on half $'s. It's much less time consuming and much more profitable.
CG
CG
An excellent post(as was your last one on this subject).
I have a theory and a question:
The fact of finding that much silver tells me people have been spending their own collections to survive the recession. Silver nickles go back to the early 40's I think. When I ask for rolls of any kind at the bank I have been consistently told that they're mixed dates only. You have already capitalized on that reality.
Finally, what kind of a bag can you drag into a bank and not find yourself surrounded by security people?
Jim L.
Jim L
I've wondered myself who would deposit (or exchange for cash) 90% silver half dollars at face value.
I believe I speculated in my previous post about the roll of Ben Franklin's that I got that it must of been someone who either deposited the wrong roll by mistake or possibly just didn't know any better.
I just can't imagine coin collectors knowingly exchanging or depositing their 90% silver halves at the bank at face value when they could probably get about 10 times face value from one of the coin shops (and probably most jewelers) in town. If someone is in real need of money (cash that is) that would be the most logical thing to do. But unfortunately (for them) their loss is my gain.
And it is also odd how the bank tellers usually seem so oblivious to having large silver coins in their trays. I (like most collectors I'm sure) can usually spot silver halves from a distance. Even though these tellers probably aren't collectors, you'd think they might figure there is a reason why I am asking for them so frequently.
As for the bag I referred to having with me at the bank at the time, this was a small plastic bag I actually obtained from one of the same bank offices (this one actually had the bank name and logo on it) when I purchased rolls previously (probably other half $ rolls).
I actually had 15 rolls of nickels that I had searched the night before and I was bringing in to cash. So I exchanged my 15 rolls of searched nickels ($30) for 27.50 of halves (2 rolls and 15 loose) and $2.50 change.
I have several of these small plastic bags (usually clear with the bank name and logo) I've obtained from banks (the same one I have a personal account with) when I've purchased half $ rolls in the past. I've also got several small coin roll boxes (mostly nickel) that I often use as well when I'm bringing back nickel or half rolls that I've searched through.
And if you are wondering, I'm careful not to purchase the same rolls that I might have searched before. To my knowledge this has never happened before.
Because of the nature of my job I work at different areas of town throughout the week which allows
me to go to different banks around town which are mostly all on my way to or from work so I'm only spending my time and not gas money going to all the different bank locations.
But as I think I mentioned before in my previous post, Ive been able to identify which banks more frequently have half $'s and which one's don't so this also cuts down on my time spent at the bank and makes the whole searching for coins from the bank process more efficient and profitable.
CG
Still no 2009 nickels for me, but I get the occasional 2009-P dime. 2010 coins of all types have eluded me so far.
The silver thing. I'm 50 years old. I was 6 at conversion time, and was only made aware because my father told me. Your average 30 year old has no idea that circulation coins could contain silver (and be worth more than face value). Vending machines don't take the silver coins anymore so I make a killing "kindly" offering to exchange their coins that don't work.
To Anonymous April 23, 2010 8:40 PM
I was just wondering how you are able to so frequently exchange/buy coins from coin vendors at face value? You must have some job with vending machines nearby. Still, I didn't know people so frequently carried around silver pocket change these days.
I recently read on another blog that those coin star machines in supermarkets don't accept silver coins either and it is sometimes possible to find silver coins in the coin return slot if the vendor forgets to check the slot and leaves them behind.
I'll have to remember that the next time I go grocery shopping.
CG
CG:
I think the coins are coming from a person with a addiction of some sort. They have access to someones coin collection.
I think this because my childhood collection is now gone because my ex. would punch the coins from my coin folders. I had several folders, the only ones she didn't take were the pennys, and mercury dimes. She also left the silver rounds, witch had no coin value. The dime were left only, I think becuse they sat deep into the holes that she could't get them out.
I only discovered this after she was gone, when showing my kids what I had collected when I was a kid. Opening folder after folder with no coins what a disappointment.
My collection is now safly locked up, but I know where my child support is going.
Just goes to show you what someone my do to get what they gotta have.
Tim
BTW, I just found what appears to be a 1923 partial date buffalo nickel in a roll I just searched. Unfortunately there is no S mint mark on the reverse which is a lower mintage (6.1M) and more valuable coin.
This is only the second buffalo nickel I've found since I began searching nickel rolls about a month ago (mainly in search of the elusive 2009's). The first buffalo I found was a dateless coin.
Even though I know a dateless buffalo and partial date 1923 buffalo nickel doesn't have too much value, it is somewhat surprising to find them in circulation.
CG
I agree with the poster who pointed out that average people of a certain age would not normally be attentive to the coin metal content era's of the 1960's and forward. I do remember the first metal change after the 1964's. Everyone hoarded the Kennedy halves in those days but not the Ben Franklins because the Kennedy was (is) a way cooler looking coin not to mention the adoration many had (have) for JFK. I don't think though that the smaller denominations of silver were hoarded by non-collectors until the Hunt Bros. started the silver run in the early 1980's. So now that the recession has been here and people are looking for extra cash to buy things "Whoa, wait a minute there's been this jar of dimes and quarters in the bedroom bureau drawer. I'll spend those!"
To take it a step further, I can remember when my philatelist cousin in the mid-1960's freaked upon the discovery that our grandma was licking stamps for postage from our recently deceased grandpa's collection.
Jim L.
These stories remind me of the famous inverted Jenny stamp, you will recall the image of the airplane printed incorrectly on a twenty four cent U.S. stamp... One of the early collectors had a sheet of these stamps in his desk. While traveling his maid forward mail to him using some of these very rare stamps.
He had to telegraph her and asked that she not use anymore of the stamps in his desk...
In 2005 a single Inverted Jenny sold for $577,500.
Goldfingers
Concur with several commenters above. There are a lot of people who don't know anything about silver coins. A coin is a coin to them. My guess is its about 50% of the population or maybe higher who lack the knowledge. Also as stated there are other nefarious reasons for dumping silver coins such as stolen coins, dope money, and other personal problem issues. But it still goes back to not knowing anything about silver coins. I bet there are some who would dump gold eagles on the cheap not knowing what they were or thinking they had a fake coin.
Just recently I was at a corner store in my home town and received 2 2010 Lincoln pennies. I did not expect to receive these in the corner store, I expected them from the bank first. I guess I need to be more attentive to new issues from stores and banks instead of just the bank first.
I've been to every bank in my area, and all the big banks in the biggest city in my state - and every single bank tells me that they never ordered ANY 2009 lincoln cents, and that they will not be ordering any 2010 lincoln cents.
Yet, a family member of mine who works in a store has found atleast 10 of them in circulation!
... frustrating!
i was visiting my brother in ohio this weekend and when i got home and read this i checked my change from the trip and found one 2010 dime.
I know this is off subject, but does anyone know the ebay seller ID for state of Massachusetts abandoned assets auction? It is in coinupdate.com lead article. I can't find it on ebay or make acomment on coinupdate.com. thank you.
Here it is:
http://myworld.ebay.com/state.treasurer.cahill/
It looks like they are just getting started with the listings. According to the state's website:
"The auction on eBay will feature 100 new items every other day for 30 days, then all remaining lots every four days until July 1st."
looks like someone from puerto rico is selling the 2009 d nickel bank rolls on ebay.
Why is it that rare bank rolls like the 2009D nickels often come from Puerto Rico?
I don't know, but I bet you could live there and make quite a bit of money selling new releases on ebay.
Seems like at least a few people do just that.
I am getting the idea that banks are running low on cash as well. I have heard that banks transfer coins and bills back and forth over the years. Not all of these are given to customers because there has to be a surplus so they don't run out. Imagine how many trips a roll of coins can make from bank to bank before it is actually used. There are a LOT of banks and a that is a lot of money that never gets into circulation. Then realize during a recession banks are running low and even purposely running smaller surplus margins and you can guess there will be some nice coins coming into circulation. I oddly found two pennies 1973 mint cond. in one roll, what are the odds of that? It seems to me that people AND banks are squeezing previously unused coins out of hiding and back into circulation. This is a great time to be a collector!
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