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Mercury Dime Grading

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Bedrock of the Community
United States
12057 Posts
 Posted 08/06/2015  10:01 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
I "believe" G-4 requires a full obverse and reverse rim. Macmercury can probably chip in there.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Valued Member
United States
96 Posts
 Posted 08/06/2015  10:02 pm  Show Profile   Bookmark this reply Add DocSSavage to your friends list
And is this an academic endeavor finding the 31' g-4s and 32' f-12s or are they actually worth $3 or more? And how about the 31' 3-4s and 32' 8-10s?
Pillar of the Community
United States
5833 Posts
 Posted 08/07/2015  03:22 am  Show Profile   Bookmark this reply Add macmercury to your friends list
I think in time we all learned and come to conclusion with our own method of grading, the Red Book is more of a retail price guide, and just like all price guides, common items can be worth less then what is listed at. And scarce items even in low grade possibly go over guide cost. LCS can charge $3 or little more for junk silver dime, that's a business practice! Is it worth $3? Buyer decision.

Split grades in low grade coins default to the low side if its g-3/g-4 = g-3, vg-10/vg-8 = vg-8, etc. That is why not all graded coins are equal. You can almost forget about price guide if silver goes back to $50 an ounce, grading would not be subjective in that case for common date coins.

There were no 32' nor 33' Mercury dime minted, although if you do find one of those soviet made dime, it would be a small treasure.
Valued Member
United States
177 Posts
 Posted 08/07/2015  10:15 am  Show Profile   Bookmark this reply Add Aahz to your friends list

Quote:
although if you do find one of those soviet made dime, it would be a small treasure.

Wait, what?
Pillar of the Community
United States
5833 Posts
 Posted 08/08/2015  12:58 am  Show Profile   Bookmark this reply Add macmercury to your friends list
Valued Member
United States
96 Posts
 Posted 08/08/2015  9:37 pm  Show Profile   Bookmark this reply Add DocSSavage to your friends list
macmercury, thank you for that interesting information, especially about the rare counterfeits. So, I have heard that counterfeits are illegal to sell. So, if someone has one, are they obligated to do something with it? Or, can they be traded, bought, and sold? If so, how much have they been known to go for?
Valued Member
United States
177 Posts
 Posted 08/08/2015  9:54 pm  Show Profile   Bookmark this reply Add Aahz to your friends list
thanks, macmercury - very interesting and informative! Never heard of that before, though I have seen the footnote.
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5828 Posts
 Posted 08/08/2015  11:36 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list

Quote:
can they be traded, bought, and sold?

Only if they have the word copy on them. Of course, you can always get them under the table...
Valued Member
United States
96 Posts
 Posted 08/09/2015  10:04 pm  Show Profile   Bookmark this reply Add DocSSavage to your friends list
Is there an estimated number of total Mercury dimes left in circulation? Is this something that is done in general for mass produced classic coins?
Pillar of the Community
United States
5833 Posts
 Posted 08/10/2015  09:16 am  Show Profile   Bookmark this reply Add macmercury to your friends list
I don't think you will get a straight answer from anyone, how many more of them got melted? When silver was in around $40 few years back? and the time before that in the 80's!

Doc Savage was one of my favorite pulp fiction hero as a kid, if Conde Nast wasn't so greedy, movies would had been made already besides the flop one staring Ron Ely.
Valued Member
United States
96 Posts
 Posted 08/11/2015  8:21 pm  Show Profile   Bookmark this reply Add DocSSavage to your friends list
I thought someone might recognize me ;) Aside from the rare Russian counterfeits, have the Mercury dimes been known to be counterfeited? Any way to know what to look out for? I was also wondering about uncommon errors such as die cracks, etc. If I were to find a die crack Mercury dime, would that be worth anything in a common date in non-mint condition?
Pillar of the Community
United States
5833 Posts
 Posted 08/11/2015  11:37 pm  Show Profile   Bookmark this reply Add macmercury to your friends list
It is counterfeited till this day and most can be bought from sites. There are several Mercury dimes subject related books, but the one I did recommend would be David Lang book The Complete Guide to Mercury dimes. The book is on davidlawerence site.
Valued Member
United States
96 Posts
 Posted 08/17/2015  10:04 pm  Show Profile   Bookmark this reply Add DocSSavage to your friends list
Thank you MacMercury. I looked on David Lang's website and did not see any books for sale. I found the second edition for over $50 on ebay, which seemed steep to find a few factiods...
Valued Member
United States
96 Posts
 Posted 08/17/2015  10:07 pm  Show Profile   Bookmark this reply Add DocSSavage to your friends list
MacMurcury, I have a question about your statement, "Split grades in low grade coins default to the low side if its g-3/g-4 = g-3, vg-10/vg-8 = vg-8, etc. That is why not all graded coins are equal. You can almost forget about price guide if silver goes back to $50 an ounce, grading would not be subjective in that case for common date coins. "

I am wondering what the price of numismatic coins do when the price of metals go up? Someone told me that sometimes when the price of metal goes up, the margin of value with the rare coins goes down. How does this work?
Pillar of the Community
United States
5833 Posts
 Posted 08/19/2015  08:01 am  Show Profile   Bookmark this reply Add macmercury to your friends list
Doc, The complete guide to Mercury dimes is available for free on Lang website, if you preferred the HC book, it is out of print and the reason for the high cost.

When price of metal goes up, the more average quality common dates numismatic silver coins levels out with current price of precious metal, unless PM sky rocket, which at this point it doesn't appear to happen soon, might be a good time to pick up a few for your collection. But I would buy the common dates in AU and above, which adds to the premium.
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