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Are Mercury Dimes A Buying Opportunity?

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Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/11/2013  06:04 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Wartime Mercurys in MS grades are relatively easy to find.
During WW2, lots of them were needed, so lots of them were issued.

When coins are withdrawn for melting, there is a tendency for those in better grades to survive.
Pillar of the Community
matthewvincent's Avatar
United States
3486 Posts
 Posted 02/11/2013  06:29 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
sel_69,
I agree to certain point.
I am reminded of something that I read years ago concerning the Hunt Brothers and the
Great Melt. To paraphrase:

"A quick glance of the Red Book was made. If the silver value was greater
than than the numismatic value the coins were thrown into the melting pot.
Proof coins were mixed in with well-circulated examples."

With only anecdotal testimony by those in the business at the time one can
only guess at the survival rate of certain dates.

That being said, coins from the war years do appear more frequently than coins
from the 30s. Both are seen much more frequently from the teens and twenties.

My recommendation to blackjack: 1919-D! Dimes, quarters and halves. A tough year and mint.
Pillar of the Community
fenton's Avatar
United States
4989 Posts
 Posted 02/11/2013  08:50 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
You can never go wrong buying MS-65+ coins while they are still abundant and easily acquired. For common dates, stay away from lower grades ; that's really just a silver investment.
Valued Member
blackjack's Avatar
United States
386 Posts
 Posted 02/12/2013  07:42 am  Show Profile   Bookmark this reply Add blackjack to your friends list Get a Link to this Reply
Good posts from all. Thank you. Right--MS65 and above is a good idea. And that's a nice holder, Gyrene. @MatthewVincent, if I had the money....Well, there's so much beauty in coins!
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