The World's Most Underpriced Coin?

[certifiedcitynet]

Amazing facts about my favorite cheap coin, the 1982 No P Roosevelt dime:

A Mint spokeswoman initially claimed that a maximum of 10,000 of the "Strong" variety were minted. But even that tiny figure is probably too high because the total PCGS/NGC population is under 3,000, and many of those few are resubmissions or crossovers of the same coins. 

It is the only business strike of ANY denomination whose mintmark is missing due to forgetfulness. It is profoundly historical for that reason alone. 

Prices could explode if the folders include a slot or the mass media publicizes them.

Its cost is 100-plus times less than that of the 1916-D Mercury dime, which has 26 times the mintage! 

The issue is far too rare to promote and from which to profit, so demand and thus prices stay amazingly low. Dealers instead push BILLION-mintage, extremely profitable modern coins, such as the 5.4 BILLION-mintage 1975 penny that CU's for $10,500 in MS68. By comparison, this 10,000-mintage dime CU's for merely $700 in MS67.

[sonomabarn67]

The one with a missing mint mark looks like a fake. Thanks for showing us the difference!

[stainlessenginecovers]

Used to be a time when 'P' was any coin with NO city designation

[certifiedcitynet]

It is real and the photo is from PCGS's website. Why would you think that it is fake? 

There are thousands of fake 1982 No P dimes but I have never seen one in a PCGS holder. PCGS experts authenticate them in addition to grading them. 

[mopata]

It's hard to consider a coin (even an interesting error) that has had over 2,300 graded by PCGS (about 65% of these in MS64 or higher) as "Rare".  Collectors of modern coins chasing Registry Sets have run the prices of even common dates in very high grades of MS67 and higher to crazy highs.  For instance, the 1975 penny that books at $10K in MS68 lists at about $100 in MS67 and quickly falls off into the "pocket change" category as it falls below MS65.  People collecting coins, especially modern issues, need to understand that the market for ultra high grade coins has very little to do with prices further down the grading scale. 

[certifiedcitynet]

Your post is misleading and uninformed.

Artificial Registry Set demand is merely one piece of the overpricing puzzle. Certification itself contributes, as coins that CU for merely, say, $100 would not be worth much more than face value were they not in their $4 (PCGS bulk rate) plastic slabs. And grading service bias also inflates prices in their self-published price guides, as they are making most of their profit from certifying million- and BILLION-mintage modern coins. 

And 2,300 certified specimens does not make the 1982 No P common, especially because 150 million people collect U.S. coins according to the U.S. Mint. And many of those mere 2,300 are resubmissions or crossovers of the same coins (I know that for a fact). The 1982 No P remains incredibly cheap because it is too rare to promote and from which to profit. 

By comparison, 14,000-plus 1916-D Mercury dimes have been certified by PCGS and NGC, yet most dealers and collectors refer to it as being rare. And the 16-D's mintage is 264,000 versus 10,000 maximum of the 82 No P. 

Also, the 1982 No P dime is not an "error" as you called it, it is a variety.