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Replies: 40 / Views: 6,762 |
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Bedrock of the Community
United States
14454 Posts |
I agree with the starting an album just to see if you can find one of each date/mm. Would be cool to find all the key dates even if you are missing a few at the end you may want to purchase the few dates you are missing to finish off the set. It will also be a good way to keep up with what you have found
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Pillar of the Community
United States
1304 Posts |
 Boy, thats alot of dimes. Congrats, your grandparents must have thought alot of you. If you do what the fine folks here tell you, you will come out great. Enjoy looking through them, alot of people here would love to be in your shoes right now. Even if you have to borrow a camera.... 
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Bedrock of the Community
United States
20753 Posts |
 And too congradulations on getting those. My suggestion is to either purchase something called the Red Book by Whitman Publishing on coins. Also, you may want to coinsider purchasing a few Albums to put those in so as to stop further touching, denting, scratching, them. Each such mark helps lower the value of those coins. That book or most others on coin will show you were the Mint marks are and the quantity of each made. More and more oddities are being found in that series also which makes for additional things to watch for. For example there is that famous 42/41 and the 42D/41. Those are Mercury dimes with a 1942 over a 1941 date. Also, lots of small and large Mint Marks aside from the famous 45 Micro S. Although sort of ignored by many the 4th lowest Minted coin in that series is the 1932D. And as noted look for the 16D, 21, 21D and 26S. Odd that there are less 31D's than the 26S but the 26S is really valued higher. And oddity of Mercury dimes is the amount of them that have rotated reverses. In most instances not easy to detect. All US coins are made so when you flip them over top to bottom, they stay right side up. On probably 25% of all Mercury dimes the reverse is tilted either to the left or right by a sometimes great amount. And the rotated reverses are rather ignored by most anyway. Even in the famous Red Book on coins, in the back, pages 404 and up on error types, those are not even mentioned. Good luck with those and let us all know what you find.
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Pillar of the Community
United States
3294 Posts |
Just a note that $30k is only the minimum for silver at this price. If the silver price falls it will be worth a smaller amount and if it rises it will be worth more.
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Rest in Peace
United States
9104 Posts |
Quote: WOW! 42lbs = 672oz! At ~$43 / oz right now, you're looking at almost $30k just in silver value! I like how you calculate. Wanna buy some silver?
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Pillar of the Community
United States
2602 Posts |
Yes, biggfredd, I was thinking the same thing. The whole weight may be 42 lbs, but these are 90% silver coins, not 100%. So it's more like 605 oz of silver, minus a little for wear. This is $24,800 at $41/oz. Still a nice hoard! It almost has to have some semi-keys in there.
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New Member
 United States
21 Posts |
Well, there's a story behind the dimes, but I guess I'll never know. I mean, there's no quartes, nickles half-dollars, nothing. Just dimes.
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Pillar of the Community
 United States
1890 Posts |
Any accumulation of that many Mercury dimes gathered back in the 1940's is bound to have numerous coins that have much more collector value than silver value. Best to go through the mess carefully, coin by coin. Sort them by date first, then go into the finer details like mintmark and variety. Coin tubes are best for bulk storage. 2x2's are for those more special single coins. I collected Mercs from circulation as a teenager with a very low budget back in the late 1950's-early 60's, and was able to put together a near-complete collection missing only two. Your inheritance is the envy of many a roll searcher. Have great fun!
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Valued Member
United States
313 Posts |
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Valued Member
United States
63 Posts |
Don't forget, we need to work in troy ounces...
42lb = 612.5 ozt * 0.9 = 551.25 ozt of silver.
At 43.25/ozt, the silver is worth $23,841.
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Pillar of the Community
United States
594 Posts |
 Also look for ones that have Full Split Bands. They command a premium.  Here is a site that should be useful; http://mercurydime.net/I would skip the album and or folder and buy 2x2s along with sheets and a binder. Or in this case, binders! I find that the square tubes work best for storage.
Edited by KenRingold 04/19/2011 11:36 am
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Valued Member
United States
293 Posts |
Quote: I like how you calculate. Wanna buy some silver? It was just a quick calculation, not an offer  Though I would love the opportunity to sort through a mass of Mercury dimes like this! Even if there's nothing "rare" (which would be surprising given the mass quantity), just having the chance to dig through this many that haven't really been touched in about 70 years would be fascinating and fun!
Edited by bwbollom 04/19/2011 11:55 am
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New Member
 United States
21 Posts |
I find this all very confusing. I don't know what "Full Split Bands" mean. What does "2x2s along with sheets and a binder" mean. I think I will haul this back into the back of my closet now.
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Valued Member
United States
293 Posts |
Quote: I find this all very confusing. I don't know what "Full Split Bands" mean. What does "2x2s along with sheets and a binder" mean. I think I will haul this back into the back of my closet now. LOL! You don't have to toss them all in the closet out of confusion. "Full Split Bands" just indicates the highest quality Mercury dimes...in those you can see all of the detail in the torch on the back. 2x2s are just those little cardboard coin holders...you can store them in plastic sheet holders in a binder. Kind of like how people keep baseball cards. The easiest thing to do would just be to separate them out by years. You can even just use plastic cups. That way you'll know what you have. Or, you can just haul it back to the closet...they're yours, you can do what you want 
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Rest in Peace
United States
9104 Posts |
dbd-
If you don't want to sell for sentimental reasons, try to put together a set. Once you find which ones you need, trade off duplicates for them. Common dimes have gone up 6-7 times in the last few years, and the harder to find ones haven't, so by trading for the ones you need, you're using fewer common coins per "key" coin than you would have five years ago.
The point of making a set is it will be something significant to keep in the family, where what you have now is just another pile of dimes. It's the difference between having a garage full of car parts and having a car.
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Replies: 40 / Views: 6,762 |