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1916 D Mercury Dime(Huge Purchase -Help-)

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cd_god's Avatar
United States
297 Posts
 Posted 12/27/2011  9:54 pm  Show Profile   Bookmark this reply Add cd_god to your friends list Get a Link to this Reply

Quote:
SuperDave

No. Not even close. I have no opinion whatsoever of the seller - could be the most virtuous person alive - but you don't buy any of these three raw.

Don't know your specific budget, but here's one which (IMO) is at the upper end of the grade, offered by a seller I recommend unhesitatingly:

http://www.ebay.com/itm/1916-D-Merc...em35b7ad213d

Only the upper reverse is G4; the rest of the coin is G6-8. Price is near G6 level.


How much does CAC charge to anazylze a coin? While we are talking about a 1916D Mercury, really how much more does the seller (or whover sent it in to them) think they would get with CAC certification?
Pillar of the Community
Drsandman2's Avatar
United States
1374 Posts
 Posted 12/27/2011  10:48 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
When shopping for key dates or expensive coins, I would recommend that you do as much research as possible. Find out what makes the coin real and what die markers can identify it as genuine. Go to coin shows, many dealers, etc and look for your key date coin. When you find it, loupe EVERYTHING taking mental and written notes. Read online about popular fakes, what they look like, what to watch for, etc. Don't buy the first or second coin you see... cause you will be stuck with it!

I totally understand the suggestions made by others: only buy a slabbed key date coin online. In fact, I would still probably urge you to buy in-hand if possible. Personally, when shopping for key date coins I look for unslabbed stuff. I arm myself by researching real vs fakes and ALWAYS get 2nd and 3rd opinions. I never buy unless I am 100% assured the coin is legit, at the grade. Of course, shopping this way can take years... but don't settle until you find a coin you like at a price you like. Also, don't be afraid to make an offer on a coin, then return several days later with the same offer.

Slabs are great insurance and all that... but they tend to make some people stupid. Education, knowledge and experience are your best friends. Not a slab.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 12/27/2011  11:44 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
"$10 apiece for coins valued at $10,000 or less, $20 each for coins valued at more than $10,000" -CAC website
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 12/28/2011  12:33 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Chiming in with my 2 cents (or is this 10 cents? :-) ):

Where I am probably the biggest critic of TPGs there is (I dare you to find someone more critical :-) ), a situation such as this one is what TPGs were originally incorporated for: To authenticate coins and weed out the fakes the dilute the hobby.

Do not buy a rare key coin such as this in that kind of shape 'raw' unless it is from someone whom you trust personally and have known for a long time.

In the absence of that, purchase one that is certified. Period. End of report. Don't play into any potential folly.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/28/2011  01:02 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Steve,

You ain't even close.
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