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Newbie - Giant Bag Of Mercury Dimes Causing Anxiety

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Bryan1315's Avatar
United States
14454 Posts
 Posted 04/19/2011  05:16 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
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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Wornslick's Avatar
United States
1304 Posts
 Posted 04/19/2011  06:50 am  Show Profile   Bookmark this reply Add Wornslick to your friends list Get a Link to this Reply



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....




Bedrock of the Community
United States
20753 Posts
 Posted 04/19/2011  08:25 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

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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nod2003's Avatar
United States
3294 Posts
 Posted 04/19/2011  08:39 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
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.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/19/2011  09:45 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

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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mycrob's Avatar
United States
2602 Posts
 Posted 04/19/2011  10:30 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
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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DeathByDimes's Avatar
United States
21 Posts
 Posted 04/19/2011  10:43 am  Show Profile   Bookmark this reply Add DeathByDimes to your friends list Get a Link to this Reply
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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mysilveryears's Avatar
United States
1890 Posts
 Posted 04/19/2011  10:44 am  Show Profile   Bookmark this reply Add mysilveryears to your friends list Get a Link to this Reply
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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Fatboy's Avatar
United States
313 Posts
 Posted 04/19/2011  10:58 am  Show Profile   Bookmark this reply Add Fatboy to your friends list Get a Link to this Reply
You could save on your eye's and just send them all to me.LOL
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Crow's Avatar
United States
63 Posts
 Posted 04/19/2011  11:19 am  Show Profile   Bookmark this reply Add Crow to your friends list Get a Link to this Reply
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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KenRingold's Avatar
United States
594 Posts
 Posted 04/19/2011  11:32 am  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply

Also look for ones that have Full Split Bands. They command a premium.

Newbie---Giant-Bag-Of-Mercury-Dimes-Causing-Anxiety

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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bwbollom's Avatar
United States
293 Posts
 Posted 04/19/2011  11:54 am  Show Profile   Bookmark this reply Add bwbollom to your friends list Get a Link to this Reply

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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DeathByDimes's Avatar
United States
21 Posts
 Posted 04/19/2011  12:12 pm  Show Profile   Bookmark this reply Add DeathByDimes to your friends list Get a Link to this Reply
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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bwbollom's Avatar
United States
293 Posts
 Posted 04/19/2011  12:31 pm  Show Profile   Bookmark this reply Add bwbollom to your friends list Get a Link to this Reply

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
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/19/2011  12:35 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
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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