The first 2009 Roosevelt Dime that I have seen has turned up on eBay. A Mint News Blog reader left a comment with a link to the auction. The single circulated dime has already been bid up to $30 with two days remaining in the auction.
I wrote previously on the low production and unavailability of 2009 Nickels and Dimes. The denominations received some increased attention after Coin World reported that the US Mint had officially ended production of nickels and dimes for the remainder of the year. The US Mint’s coin production figures through April 2009 indicate the following mintages:
|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||39,360,000|
The location of the seller of the 2009-P Roosevelt Dime is listed as Friendswood, TX. The description mentions that seller was able to get his hands on “a few of them.” The seller has just listed second 2009-P Roosevelt Dime in a one day auction.
The price of the single dime has already reached a ridiculous level. At this point, the bidding is being driven by the desire to have the first (or one of the first) 2009 dated dimes. It shouldn’t be taken as an indication of the value of 2009 Roosevelt Dimes. Nonetheless, it will definitely be interesting to see where the final price ends up in two more days.
Perhaps the upside of this auction is that collectors will start checking their change and hounding their local banks, searching for other 2009 nickels and dimes. The sooner a greater supply is located and comes onto the market, the sooner prices can descend to more reasonable levels.
Another development in the 2009 nickel and dime situation that I wanted to mention. There is a chance that the US Mint might produce more 2009 Nickels and Dimes even though they officially announced the end of production. Dave Harper recently interviewed US Mint Director Edmund Moy, who mentioned that the US Mint is considering creating a strategic coin reserve. The US Mint would produce and stockpile an extra supply of coins that could be tapped during periods of high coin demand or supply disruption. The prospect of striking additional nickels and dimes for the coin reserve was specifically mentioned in the interview. The US Mint hopes to make a decision on the coin reserve this year.