On Sunday January 23, the auction ends on GreatCollections.com in the auction of a 1972 Roosevelt penny PCGS MS66 graduated with Complete bands. An example of a condition census pedigree to collector LS Brown, this 1972 penny is an important offer for collectors building a PCGS Register Set of 10 Roosevelt cents. At the time of posting, auctions were active, rising to $ 167 (USD) with 25 auctions and 12 days to go.
Part specific information
A quick glance at the 1972 dime mintage obscures the real story as to why this GreatCollections offering should be of interest to collectors. With a circulation of 431,540,000, the 1972 Philadelphia Roosevelt Dime is extremely popular. From 1970 to 1975, the Philadelphia Mint on average 462,260,380 pieces per year. One should have no problem getting a Mint State example and the 1972 coins in circulation always come in pocket change.
What makes this example very unusual is that it was assigned as “full tapes”.
PCGS Coinfacts estimates that the type survival rate in MS 65 and above with full bands is 8,630 out of the issue’s 460 million plus prints. This number appears to be markedly different from the number of parts certified to date. At MS66 FB, this part is one of only eight parts of the MS66 with only two parts classified above: one each in MS67 and MS67 +.
Additionally, this example is well-hit and slightly toned, with above-average visual appeal.
PCGS added the official designation Full Bands to its population report on September 1, 2003, due to popular demand. An ad in the PCGS Rare Coin Market Report has stated that Roosevelt Dimes rated MS60 or higher would be eligible for this new designation.
To be considered a true example of full bands, each pair of bands at the top and bottom of the torch in the center of the inverted design must be full. Although there may be slight wear to the dies, PCGS requires that the bands be completely separated and without any noticeable cuts or marks interrupting the bands. Generally, to qualify for this designation, the coin must be well struck and have specific details.
Although the Full Bands designation is used by PCGS, collectors should note that NGC uses a similar metric called “Full Torch”. A slightly more stringent designation, Full Torch examples should also have well-defined vertical lines on the torch. If rated by the NGC, this example would most likely qualify for both designations.
The discrepancy between the general large mintage of the Roosevelt dimes and the survival rate of examples with full bands can be attributed to the fact that the dies were either weakly engraved or the coin was weakly minted. Both have given rise to numerous examples having pasty reverse details. Interestingly, proof coins do not receive the designation FB or FT, as all proof coins must be minted well with all the details.
This beautiful piece comes from Erasmus Room Collection, which was assembled by the noted New York City physician and medical school professor, Dr. Lawrence S. Brown Jr.
A decorated The American army veteran who fought in the Vietnam WarDr. Brown has been collecting modern circulating and commemorative American coins since the age of 12. He’s collected some of the most notable registry sets currently released in the PCGS Sets Registry, of which this Roosevelt Dime is one.
Like all current American coins, with the exception of the Lincoln hundred, the obverse design of the Roosevelt Dime is dominated by a left-facing profile of the eponymous president. Located in the northwest quadrant, directly inside the smooth rim, is the legend LIBERTY. Under the chin of the bust, in smaller letters is the second legend on the obverse, IN GOD WE TRUST. The date 1972 is pressed directly under the truncation of the neck and to the right of the initials “JS” of John R. Sinnock, the creator of the piece. When this coin was minted, the Philadelphia Mint was not using a mintmark. Eight years later, however, the workshop began to use the “P” mintmark.
The words UNITED STATES OF AMERICA completely surround the inverted design at the top, and at the bottom, in slightly larger words, is the name ONE DIME. The flaming torch, which symbolizes freedom, is presented as the central element of the design on the reverse of this coin. The torch is flanked by an olive branch on the left and an oak branch on the right, which respectively represent peace and victory. The traditional American currency E PLURIBUS UNUM is divided into four parts (E PLU / RIB / US U / NUM) by the branches and the torch. Since the hyphens are not between Latin words, there are centering points in each hyphen.
Auctions end on Sunday, January 23, 2022 at 5:26:28 p.m. Pacific Time (PT).