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Are Mercury Dimes A Buying Opportunity?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 19 / Views: 3,118Next Topic Page 2 of 2
Valued Member
Germany
138 Posts
 Posted 02/09/2013  1:25 pm  Show Profile   Bookmark this reply Add wilhelm41 to your friends list
I agree with everyone else's postings. Yeah, the later dates are affordable in high grades, but there is a reason for that. So many have been saved and collected over the years. Mint marked mercs before 1931 are harder to come by in decent shape, as well as the 1921 from Philly. So perhaps there is an opportunity there, but they already cost quite a bit.
Pillar of the Community
United States
1704 Posts
 Posted 02/09/2013  4:04 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list
Yes, they are a buying opportunity right now but don't be buying them for investment purposes. FSB Mercury dimes have been slow moving for a couple of dealers I know whose prices are quite reasonable. It's a beautiful series and you can go full series (expensive), or either of two short sets, 1934-45 or 1941-45. Whichever you decide to collect Mercury dimes they will make for a nice addition to your collection.

Ed
ANA LM-3175
Pillar of the Community
United States
2311 Posts
 Posted 02/09/2013  4:40 pm  Show Profile   Bookmark this reply Add solotime to your friends list
I believe Mercury dimes are kind of junk silver. I seen so many of them counted as junk silver in bags. Just maybe MS-65 might make a few more bucks off them.
Valued Member
United States
386 Posts
 Posted 02/10/2013  07:08 am  Show Profile   Bookmark this reply Add blackjack to your friends list
Gyrene, the short set sounds like a good idea. It is a beautiful coin and would be nice to have as a representation of some of the best of US coinage.
Pillar of the Community
United States
1704 Posts
 Posted 02/10/2013  12:14 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list
blackjack, I am filling a Capital Plastics Mercury dime holder 1934-45 which has a blue center panel and the dimes look awesome in it. This holder is no longer in production I found it on ebay at a very reasonable price. The 1941-45 short set is still available in white, black and blue and is easy to find online.


Are-Mercury-Dimes-A-Buying-Opportunity?

Valued Member
United States
169 Posts
 Posted 02/10/2013  12:25 pm  Show Profile   Bookmark this reply Add marcusm16a4 to your friends list
they are silver!!
Pillar of the Community
Canada
3167 Posts
 Posted 02/10/2013  2:37 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
WOW! That is a really cool holder!
Pillar of the Community
United States
2311 Posts
 Posted 02/10/2013  4:18 pm  Show Profile   Bookmark this reply Add solotime to your friends list
True, it's a nice coin holder. But I wouldn't use it though. I like my coins in small holder, lol.
Pillar of the Community
United States
1704 Posts
 Posted 02/10/2013  5:00 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list

Quote:
True, it's a nice coin holder. But I wouldn't use it though. I like my coins in small holder, lol.

This is a small holder it's only 8 inches wide and 6 inches tall, smaller than any coin album by Dansco, Whitman, or Littleton and about the same size as any coin folder.

Ed
ANA LM-3175
Valued Member
United States
98 Posts
 Posted 02/10/2013  11:59 pm  Show Profile   Bookmark this reply Add peterplanchet to your friends list
At this point, I see the values of rare coins rising. I don't see the value of the common coins going anywhere special. Even in the higher grades, the Mercury dimes from the 1940's are common.
Pillar of the Community
United States
1536 Posts
 Posted 02/11/2013  04:47 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list
Four of my Mercury dimes I found roll searching. They are fun to find that way. Most of the collectable coins are either rare dates or mint states coins. I always keep the year I need whether I find it in a roll or buy it as part of a lot or as bullion from the PM shop. If I don't need the year, it goes when silver spikes. I am the same way with silver Roosies though.
Bedrock of the Community
Australia
21788 Posts
 Posted 02/11/2013  06:04 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Wartime Mercurys in MS grades are relatively easy to find.
During WW2, lots of them were needed, so lots of them were issued.

When coins are withdrawn for melting, there is a tendency for those in better grades to survive.
Pillar of the Community
United States
3486 Posts
 Posted 02/11/2013  06:29 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list
sel_69,
I agree to certain point.
I am reminded of something that I read years ago concerning the Hunt Brothers and the
Great Melt. To paraphrase:

"A quick glance of the Red Book was made. If the silver value was greater
than than the numismatic value the coins were thrown into the melting pot.
Proof coins were mixed in with well-circulated examples."

With only anecdotal testimony by those in the business at the time one can
only guess at the survival rate of certain dates.

That being said, coins from the war years do appear more frequently than coins
from the 30s. Both are seen much more frequently from the teens and twenties.

My recommendation to blackjack: 1919-D! Dimes, quarters and halves. A tough year and mint.
Pillar of the Community
United States
4989 Posts
 Posted 02/11/2013  08:50 am  Show Profile   Bookmark this reply Add fenton to your friends list
You can never go wrong buying MS-65+ coins while they are still abundant and easily acquired. For common dates, stay away from lower grades ; that's really just a silver investment.
Valued Member
United States
386 Posts
 Posted 02/12/2013  07:42 am  Show Profile   Bookmark this reply Add blackjack to your friends list
Good posts from all. Thank you. Right--MS65 and above is a good idea. And that's a nice holder, Gyrene. @MatthewVincent, if I had the money....Well, there's so much beauty in coins!
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