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What To Do With Duplicate Mercury Dimes

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 Posted 08/30/2008  11:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
My reasoning is that the number of collectors 60 years ago was a much smaller percentage of the populace than it is today. Some people just do not realize what they have, so it circulates a while before it is found by a collector.
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 Posted 08/31/2008  05:20 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
In 1916, people didn't collect by MM. They kept a nice looking 1916P, and that was it.

The VDB was new to folks who didn't realize their pockets were full of coins with a designer's initial. The Buffalo was a whole new design. The Merrcury wasn't that different from the Barber.
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 Posted 08/31/2008  1:02 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I am sure nobody knew the significance of the 1916-D back in 1916.
How would anyone know the mintage figures? I have a price guide from 1934 that shows the 1916-D at only a 10 cent premium to any other common date (thread in the numismatic book forum with pictures). In the next few years, as folks began realizing what this was, then did they begin holding these. This would account, as jbuck stated, to the degree of wear found on these coins.
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 Posted 08/31/2008  1:06 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
It's a shame that the same "reasoning" won't apply to "todays coins" !.......
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 Posted 08/31/2008  4:25 pm  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:

Question #1. Why are so many 16d's you see being sold online in about good condition?
Question #2. What era did counterfeiters and con artists start altering 1916P's to look like 1916d's?
Question #3. For Just Carl, have you ever had any of the 10 you bought in the 50s authenticated? I would guess in the 50s I would have been more comfortable buying a key coin than today.

#1 As alread noted after almost a hundred years many coins are just not to great. In the late teens and twenties, there was not a lot of coin collectors and in the 30's, most people were looking for a job, not a coin.
#2 Counterfeiters have been around for a long, long time. Remember the Al Capone days? My Dad did since he worked for him. But to counterfeit a Dime that was worth a Dime was not profitable. When I was a kid there was no Red Book of coins, No TV shows about coins (of course no TV's), no coin shows, no coin albums, hardly any coin dealers. So why make a fake coin that no one wanted. In the late 40's or early 50's when I purchased those 1916D Merc's, people thought I was a little on the wierd side.
#3 Why would I have them authenticated? Like I said not even the gangsters of the 20's and 30's would waste time with a Dime. They wouldn't even waste time with a dollar bill back then. And if some idiot was stupid enough to make a fake Dime, where would he sell it? I doubt there was more than a few coin shops in even the largest ciites back then and most sold many other items to stay alive.
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 Posted 08/31/2008  4:40 pm  Show Profile   Bookmark this reply Add just carl to your friends list

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I agree with this thought on most coins. But I have heard in the past on this board that the 09S VDB penny was hoarded from the get go. Do to that fact, not many poor condition examples are available

The reason more poor conditioned coins are available is because they were probably distroyed. For one thing a long time ago many people could not afford to collect Dimes. Quarters were way to expensive and a half dollar ment you were rich, slight exageration. As kids most never looked looked at the dates on coins, none knew what a mint mark ment and could care less.
Way back we used coins for more important things than collecting. I was a little of an exception. Kids placed them on RR tracks, spent them at a place called Riverview amusement park, place on something called Street Car tracks (before most people's time), threw them into the Chicago River, threw them into wishing wells, shot at them with air and real guns, used them in all kinds of vending machines (recently invented I think), melted them with acid from your Dads car battery and so many other things of fun. There was a game where kids lined up to toss a pennie at the dividing line between the concrete slabs on sidewalks. Two lines away. The closest coin won all the others. No one ever said "wait, this is 09S". Probably would have been kicked or something as a wierdo. One friend of mine would constantly run a knife accross the face of any coin to see if in the future he would get it back.
I sometimes wonder how any coins survived us at all.
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 Posted 09/01/2008  9:27 pm  Show Profile   Bookmark this reply Add MINT_MARQ to your friends list
Hi Just Carl,

Being born in 1979, I have trouble imagining the hobby, or lack there of in the past.

I guess I must have misunderstood the comments I read in the past. I always imagined the 1916D as this instant star that was sought after, like the 1955 Double Die or the unobtainable Liberty nickel.

Can I ask what type of condition the 10 you bought back in the 50s were in? figuring they had about 30 some years to circulate.
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 Posted 09/03/2008  6:47 pm  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:

Can I ask what type of condition the 10 you bought back in the 50s were in? figuring they had about 30 some years to circulate.


AHHH, you made me go look. Most of my sets of those are in safe deposit boxes but I usually keep sets #9 nad #10 here for comparisons. The two in there are probably VG-8. Those are the two worst of the 10 though. One was actually about a EF-40 or better in set #1. Again, remember that back then there was only G, F, Unc and proof. Usually not even a VG was used back then. No -numbers either so when I bought those they were probably just Dimes. Remember even the Red Book didn't come out until 1947.
Really difficult to remember but I think back then that coin store only had coins with a date and or mint mark. No such thing as a grade.
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 Posted 09/04/2008  10:27 am  Show Profile   Bookmark this reply Add PennehChaos to your friends list

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I just started sets #11 and #12 now from duplicates. Hopefully by the end of this weekend they will be almost full. Naturally these will not have the 16D, 42/41 though. I do have numerous 21 and 21D's though and enough to even go for more sets. I wonder what it would feel like to end up with about 25 or 50 sets of Mercury dimes.


I don't know about you, but if you have only (heh) 10 '16-Ds, it would bug me to have 10 complete sets of Mercury dimes and another 15-odd incomplete sets. I don't think I'd start assembling more albums without a plan to acquire those remaining keys (sounds like you have more than enough trading material!). I'd probably just tube them by year for space reasons, and only put the rarities and high-grade coins in 2x2s (Mercs are such a pretty coin when they've got a good luster)

I hope your son at least has instructions to bring your collection to an auction house when the time comes... bottom-feeders like the gun dealer you describe make me sick.
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 Posted 09/04/2008  1:06 pm  Show Profile   Bookmark this reply Add just carl to your friends list

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I'd probably just tube them by year for space reasons, and only put the rarities and high-grade coins in 2x2s (Mercs are such a pretty coin when they've got a good luster)

I hope your son at least has instructions to bring your collection to an auction house when the time comes... bottom-feeders like the gun dealer you describe make me sick.


As to what you mentioned about the rolls. That is exactly what I have done with the ones from about 39 to 45. And not only by year but by Mints also. The really nice 39's though are in 2x2's but there are numerous rolls from 40 up. This is where it slows me down making additional sets. Open 2 or 3 rolls of 1940D's and finding the best 2 for 2 new sets. There is about 30 rolls of those.
Amaziing thing happened this weekend. As I slowly went through all the duplicates I found there were no 1930S's at all. HUH? Even a spare 42/41, lots of 21, 21D's, etc. but no 30S. Now I have a mission this weekend.
As to my son. I've mentioned in other treads he just dosen't care about coins enough to even consider what to do with them if necessary. I've given him a copy of the Red Book every year and I suspect it is used as a paper weight or to start a fire in his bar-b que grill.
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 Posted 09/05/2008  11:58 am  Show Profile   Bookmark this reply Add myprecious to your friends list
What a great thread! Sorry to be off topic from the OP, but as a new collector in my 20s, my father has a single Morgan dollar that he is proud of, and even bought me a mint coin a few years ago (still gotta find it...). I may have bought tens or hundreds of other silver dollars since starting my collection, but that lone Morgan will never be traded. Neumismatic value: Priceless! :)

If you look hard enough, I think anyone can find a home for their coins that will help them sleep at night. Maybe talk to your old elementary (grammar?) school about creating a little exhibit in their library, or somewhere else in your community. With the rules of Property law, you can place many conditions on these gifts to make them revert back to your estate if they try to sell, etc, to help preserve their awesomeness as a complete, rare set of coins. Good luck Carl, never give up. I bet there is someone out there who would humbly welcome the set and wouldn't pawn it out for melt value...
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 Posted 09/08/2008  10:12 am  Show Profile   Bookmark this reply Add just carl to your friends list
Saturday at my favorite flea market my favorite seller sold me 33 more Mercury dimes for $30. All just plain dates and grades but just can't stop buying those things.
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 Posted 09/08/2008  10:41 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list


I know how ya feel Carl.......except I can't limit myself to "just" Merc's....!!.....I like em' ALL !
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 Posted 09/12/2008  12:42 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Today, Friday, again at the same flea market another 32 Mercury dimes and for $35. Haven't even looked them yet since they were in Whitman folder. Hope some good ones.
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 Posted 09/20/2008  3:40 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Just to add one more thing to my Mercury dime mania, yesterday I purchsed 45 more Mercury dimes from my favorite dealer at the flea market for $40. With those and others recently purchased, I am still trying to put together sets #11 and #12. For weeks now I have been going through all duplicates, opening up 2x2's, sorting through rolls of the stupid things for the best grades for those sets. I was a little shocked that out of all the duplicates I was missing several. Naturally no 16D, 42D/41 duplicates. However missing 2 of the 1925D's and 2 of the 1930S's and 1, 1931S. So with a coin show tomorrow I should be able to find those there. So set #11 and 12 will only be short 2 coins after that. Now if I get another Album from my friendly dealer free, it might mean another set but just don't want anything to do with 13, not that I'm superstitious.
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