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 Replies: 21 / Views: 3,115 |
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CCF Sponsor
United States
702 Posts |
Finish and upgrade, of course!
Considering the overall quality, I don't feel you overpaid at all - I don't see any problem coins. You may wish to pop them out to make sure the reverses aren't hiding anything, but I think you done good! Sure, you could get coins cheaper, you always can, but on the whole to have such a great starter collection, I personally feel you did great.
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Pillar of the Community
 United States
1704 Posts |
Quote:
Problem is that you paid over spot... not the best deal. FadetoBlack, I don't know what rock you've been living under but out here in my area of California it is extremely difficult to find 90% silver coin for under 20X face. The distributors aren't releasing any at all and what little you can find in the coin shops just trickles in and most of them are not letting go of it either. Bullion dealers in town are posting buy ads on CraigsList paying 16X & 17X face. I've already had a member email me asking if I would sell the set minus two pieces as is but I declined and told him if I decide to sell it he has first crack at it. I don't buy coins off of ebay. I would rather support a local honest dealer than some unknown individual on ebay who probably low-balled the person he/she bought their silver coins from. Ed ANA LM-3175 |
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Bedrock of the Community
United States
20753 Posts |
1. Take all coins out of that Folder. It is one of the old Whitman Folders where the glue in the back of the slots will eventually mess up the coins. 2. Acquire an Album for those Mercury dimes. And brand is OK although most on this forum are Dansco stuck people. Whitman, Littletone, Harris and many others make decent Albums for coins. 3. Once done, start to find the rest to make a complete collection. |
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Pillar of the Community
1751 Posts |
I just bought a nearly full set only missing the '16-D for $150 and the later dates are all AU or BU. So in my humble opinion, you did overpay. I guess all the crazies out there in Cali are keeping prices up.
All that matters is that you are satisfied... your money, not mine.
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Pillar of the Community
United States
3486 Posts |
I agree with just carl on point 1. I also think the album has glue in the holes.
Some of my Great Aunt's coins were affected over the years by similar folders.
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Pillar of the Community
United States
500 Posts |
I inherited a similar album when my aunt died - as well as a bunch of others. Some I just filled out in her honor - though the coins I put in stand out as much nicer than any she had collected from change many many years ago. For those that I liked ( Buff, Walker, Peace, Merc ) I bought Intercept Shield albums and started my own in much better grades. When I upgrade in my album, the spares go in hers and knock hers into "melt tube" status - since most of hers were VG at best. Since mercs are relatively much less expensive, her merc album now is pretty good looking - and mine is really nice IMO! LOL |
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Pillar of the Community
United States
2540 Posts |
Gyrene:
Not a very nice comment, and I agreed with FadeToBlack.
Spot is spot.
Perhaps a touch over, if you like the stuff, but that'll all.
I would also pull the 16P & 16S & check the MM's.
Ya never know.
[Sign me: Living under a rock :) ]
Edited by TreasHunt
06/21/2013 3:26 pm
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Pillar of the Community
United States
1704 Posts |
For all of you FadetoBlack's comment was rude and I don't do rude very well. Quote:
your money, not mine Something you say to yourself and not put in writing on a public forum, VERY rude. The folder does not have glue in the back of the holes and the dimes have not been affected by the album. The overall condition of this set does not warrant the expense of putting them in any type of album. I will probably find comparable grade dimes to fill the empty holes and just leave it the way it is. The 1916-D hole is filled so I don't have to get that one for this album to be complete. Grammatically speaking the proper abbreviations for California is CA, Cal., or Calif., it is certainly not Cali and we may have some crazies out here in California but, they are not the ones manipulating the spot metal prices or keeping the prices up. Ed ANA LM-3175 |
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Pillar of the Community
United States
8517 Posts |
I'm looking at getting an old album and filling it with well worn Mercs. Should be fun and I'm not gonna worry about spot, takes the joy out of collecting.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
5832 Posts |
Gyrene, I think you did well and the album wouldn't do much to the lesser grade coins. I would take out the 38 "S" and put it in a 2x2 flip, hope the other side is the same condition.
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Pillar of the Community
United States
5209 Posts |
I bought a similar set for melt (back when silver was at $32) Cost a few bucks to fill the empty holes. Still need a 1916D and 1921D. You did better than I did due to the drop in melt price  |
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Pillar of the Community
United States
927 Posts |
I think you got a decent deal on a good starter set of mercs. If it were me I would move them to an album to protect them better and you can see both sides. Then you should finish the rest of the set. This is a fun set to collect.
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Pillar of the Community
United States
3283 Posts |
 with perfessor (and others), nice price, get an album and do the finish and upgrade routine, that's what we do. Wasn't to long ago people were willing to spend over 3 bucks a piece for any silver dime. Spot changes, won't be long before you'll be thinking "I can't believe how cheap I got these for". I wouldn't worry or even consider the price and of course somebody always got a better deal, blah,blah,blah. We're talking about a few bucks here. Fact is these are Mercury dimes and usually carry a price tag over spot because they are an all American favorite. |
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Pillar of the Community
United States
1590 Posts |
I think you did all right. I'd keep them as is and find some hole fillers. I have seen more than a few 21P's going for $20 to $30 in Good. I also know, as a dealer, that the supply of bullion dimes is starting to dry up. I would expect numismatic values to start to come back online in a couple years. The market was flooded in the last 5 years with all those ordinary ( i.e. non-collectors) selling their spare silver. I fear to many of us have gotten used to thinking in terms of bullion and not book value. Something that will change. Though perhaps not for a year or two.
As for the spot price issue, in the midwest you can indeed get them at about 16 times. But what I don't understand are the comments from people that think that 15 cents each over that price point is a big deal.
I'm visiting California right now, my daughter just graduated from HS, and have been in the North Bay Area visiting coin and antique shops. I found one which sold me some quarters for 16 times. I think, though, that he may have given me a better price because I buy from him when I'm in town.
Btw, I found Morgans selling from $25 to $31 for common date sliders and unc's. These are usually in the with the bullion bin.
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Valued Member
United States
293 Posts |
Gyrene7483: I would pull out the 38-S immediately. It's very beautiful and looks uncirculated. The problem with that is that the coin is way too good for this set. If this set was mine I'd sell the 38-S separately. Then see if you can acetone the 19-S and 34-D and get that ugly stuff off of them . . . if not then they need to be replaced. Then just fill up the holes and with everything else minus the 16-D and you've got a nice junk silver plus set of Mercury dimes you can sell or trade for something better. |
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Replies: 21 / Views: 3,115 |
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Posted 06/20/2013 8:13 pm
