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1923-S Mercury Dime - Does This Coin Have Issues?

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one_fine_dime's Avatar
United States
591 Posts
 Posted 02/01/2019  1:43 pm Show Profile   Bookmark this topic Add one_fine_dime to your friends list Get a Link to this Message Number of Subscribers
This dime appears AU-50 to me.

- Do you think it was cleaned or is it honest circulation?

- There is some glue residue (circled in yellow), which I think is likely the main reason this coin is not selling...but I'm guessing this could be removed via acetone or soaking in very hot water.

- Do you feel the rim damage (circled in blue) is minimal, or could this be seen as significant in the eyes of PCGS/NGC?

They've dropped the price some, but since this isn't selling, there may be an opportunity to pick it up at a further discount.

Thoughts?

1923-S-Mercury-Dime---Does-This-Coin-Have-Issues?
1923-S-Mercury-Dime---Does-This-Coin-Have-Issues?
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jimbucks's Avatar
United States
4692 Posts
 Posted 02/01/2019  2:02 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Cleaned and damaged. Otherwise no issues.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/01/2019  3:02 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
EF-45 to me, possible old obverse cleaning which is probably market acceptable, rim doesn't bother me but that discolored/odd substance issue would be an issue.
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IndianGoldEagle's Avatar
United States
36916 Posts
 Posted 02/01/2019  3:07 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
EF-45 and a bath in Acetone should remove the crud on obverse and reverse. Edge hit not much of an issue.
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Spence's Avatar
United States
34472 Posts
 Posted 02/01/2019  3:54 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@ige, if the residue is removed, do you think that there will then be differential toning showing where the previously covered silver is brighter in color? I find this distracting on copper, but not sure that silver would show as much of a difference. Thx for helping me learn.
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babysitr's Avatar
United States
1339 Posts
 Posted 02/01/2019  4:28 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
I'm not crazy about the coin, XF details
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T-BOP's Avatar
United States
18456 Posts
 Posted 02/01/2019  5:50 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
If it was cleaned it was very lightly .I'm not sure if the so called glue is really glue or another substance . Rim hit is not bothersome . what bothers me is the 3 in the date, is that Damage ,it actually looks like an overdate .
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IndianGoldEagle's Avatar
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36916 Posts
 Posted 02/02/2019  12:34 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply

Quote:
@ige, if the residue is removed, do you think that there will then be differential toning showing where the previously covered silver is brighter in color?

I doubt there will be a surface color difference in those areas.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 02/02/2019  1:23 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
EF-45. Not a fan.
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panzaldi's Avatar
United States
18768 Posts
 Posted 02/02/2019  4:48 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
too many little issues add up to a "I would pass" on this coin
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one_fine_dime's Avatar
United States
591 Posts
 Posted 02/04/2019  2:10 pm  Show Profile   Bookmark this reply Add one_fine_dime to your friends list Get a Link to this Reply
Thanks everyone. I thought this was AU-50, but maybe not.

These were my perceived pros/cons:

Pros:
- nice strike (this issue is known for weak strike, especially on lower diagonal band on reverse). For example, see this recent post: http://goccf.com/t/337354

- surfaces seem generally "original" (or old/light cleaning)

- glue likely easy to address via hot water or acetone, and could provide leverage for discount

Cons:

- glue (if it doesn't come off or if discoloration is left behind after removal
- rim damage (could 'details' this coin if submitted)

I'll likely pass on it for now, and if it remains unsold maybe make a low ball offer.
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