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 Replies: 32 / Views: 8,177 |
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Valued Member
 75 Posts |
Im not buying this coin at all. It is a ripoff. Look at the 1914S quarter. It has a mintage of 264,000 and is only $225 in fine. What's more likely to go up? That merc is overrated and eventually it will plummet in price.
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Pillar of the Community
United States
1081 Posts |
Quote:
Im not buying this coin at all. It is a ripoff. Look at the 1914S quarter. It has a mintage of 264,000 and is only $225 in fine. What's more likely to go up? That merc is overrated and eventually it will plummet in price. Despite that statement, the 1916d Mercury dime has been one of the more consistent investments since its mintage. It may be overrated in your opinion, but I highly doubt the price will plummet anytime soon. It is loved by collectors and the demand has always been high. |
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Bedrock of the Community
United States
12437 Posts |
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That merc is overrated and eventually it will plummet in price. Mintage does not always equal value and value greatly depends on popularity and demand. Many people collect Mercury dimes and seek out a 1916D to complete their collection. Personally, I have never met anyone working on a set of Barber quarters but that probably has quite a bit to due with a couple multi-thousand dollar stoppers(1901S and 1913S). If someone has no realistic chance of completing a set, odds are they will never start the set in the first place. You may wish for a plummet in price but key dates that have a constant demand always go up and never down, the 1916D is no different. |
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Valued Member
United States
161 Posts |
whatever you pay, it will likely be too much. a quick look at ebay shows AT LEAST a roll of them for sale at any given time, so what right ? well, sooner or later you may want to sell it. and then your coin gets lost in the 50 or so others for sale. this is why I dont collect modern coins. now do a search for 1871-s dime. ONE coin as of this writing. if I had a grand top spend on a 16D I may consider buying as many 71-s dimes as I could with that grand, or mix and match a few of the scarcer dates that NEVER show up. much easier to sell a coin that is hardly ever offered for sale. JMHO |
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Moderator
 United States
188740 Posts |
I agree with Dave and Bio. I may wish for the price would go down, but I understand that is a very unlikely event for the reasons given.
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Pillar of the Community
United States
1081 Posts |
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much easier to sell a coin that is hardly ever offered for sale Sometimes this is true, but sometimes it's not. If there is no market for a coin, it doesn't matter how many are for sale. The 16d could have hundreds for sale and they would still go for a lot as the demand is so high. Other coins have very little demand. Value can only be based on numbers and rarity to a certain extent, if no one wants to buy it, the value plummets. |
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Valued Member
75 Posts |
Guys, GUYS! The only reasn the '16D is worth so much is that people want them for their albums. When the generation that remembers mercs in circulation pass, that coin will plummet. It is not rare at all. It is just the demand is higher than supply.
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Valued Member
75 Posts |
Guys, I still do not know about this coin. I am ambivalent. One side says I should buy it, the other says I shouldn't, however, with Silver being so high, I could (and will) sell my stash and buy a PQ G-4, and still have money left for a 1914S Quarter or an 1809 Dime. Could I get a nice G-4 for under $1,000? Like, maybe $850 or $900?
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Bedrock of the Community
United States
10982 Posts |
Here's an NGC G04 available for $35 face in junk silver. Personally I'd offer $30 face and see what he says. I've done business with this fellow and he's on the up and up. If you are interested, send me a PM and I can set you up with his e-mail address. 1916-D Merc For Trade |
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Pillar of the Community
United States
1080 Posts |
That is a very nice G-4... Had me tallying my 90% in my head for a minute.
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Valued Member
75 Posts |
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Here's an NGC G04 available for $35 face in junk silver. Personally I'd offer $30 face and see what he says. I've done business with this fellow and he's on the up and up. If you are interested, send me a PM and I can set you up with his e-mail address. Thanks, BH, but I want to buy a problem free one and see it in person before I purchase it. That coin in my opinion should have been details graded as it has that big gouge near the designers monogram. Also, I don't like the way that guy is holding that SVDB. He is violating numismatic etiquette by grabbing the coin between his fingers. Edited by johnson1488
03/27/2011 10:08 pm
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Pillar of the Community
United States
1510 Posts |
buying no-- this one will continue to have a "sad face" in my Dansco book, maybe one day I will get it in change!  Retired USAF 1983-2003
Edited by Coinstar
03/28/2011 12:13 am
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Moderator
United States
16679 Posts |
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Guys, I still do not know about this coin. I am ambivalent. One side says I should buy it, the other says I shouldn't, however, with Silver being so high, I could (and will) sell my stash and buy a PQ G-4, and still have money left for a 1914S Quarter or an 1809 Dime. Could I get a nice G-4 for under $1,000? Like, maybe $850 or $900?
This is a major key-date coin which will follow the supply and demand aspect for the series, and not the spot price of silver. A problem free G4 16-D will set you back around $1050-1100 depending on the coin. $850-900 will get you an AG3 (no problem coin), to G4 problem coin. swcoin.ecrater.com
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Pillar of the Community
United States
1081 Posts |
I don't think that's a gouge as the "W" is still intact, it looks to be just a scuff mark.
In the end, the choice is up to you. I don't really care one way or the other as to what you end up doing. I was just trying to correct your misconceptions about this particular coin. You seem to know what you want.
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Valued Member
75 Posts |
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This is a major key-date coin which will follow the supply and demand aspect for the series, and not the spot price of silver. A problem free G4 16-D will set you back around $1050-1100 depending on the coin. $850-900 will get you an AG3 (no problem coin), to G4 problem coin. Hate to argue with you, but G4's sell routinely for $850 - $900. $1100 can buy a G6. Your prices are a bit high...... Johnny got a '16D Merc in VG for only $1200. There is no way a G4 is going to be just $100 less than a VG8. Plus the NN price list, Numismaster, and te Red Book show the coin at only $1,000 in G4. I'm sure if I asked some guys on my site they'll probably back me up.  Edited by johnson1488
03/28/2011 12:31 pm
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Posted 03/17/2011 4:39 pm
