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Why Is This Mercury Dime 600 Dollars?

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United States
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 Posted 02/28/2014  12:04 am Show Profile   Bookmark this topic Add nickelnickel to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1942-10C-Si...054897.l4275

Still way new to coin collecting. However, I found 3 Mercury dimes in my register and they are worth like 2-3 bucks.
Here are mine. Both from 42'. Sorry bout the pics. What makes that one so special?


Why-Is-This-Mercury-Dime-600-Dollars?

and my 39
Why-Is-This-Mercury-Dime-600-Dollars?
Edited by nickelnickel
02/28/2014 12:08 am
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Sap's Avatar
Australia
16817 Posts
 Posted 02/28/2014  12:10 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The one you've linked to is a certified proof. Proofs were made for collectors and there weren't as many collectors around in 1942. Mintage of proofs is only 22,329. RedBook price for a proof graded PR-65 is $385, so $600 for a PR-67 coin does not surprise me.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 02/28/2014  12:10 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
That 1942 Mercury dime has been identified by PCGS as PF 67. I would bet the population for that date in that grade is fairly low.
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 Posted 02/28/2014  12:13 am  Show Profile   Bookmark this reply Add nickelnickel to your friends list Get a Link to this Reply
Oh so PF is proof. Gotcha. Thanks guys.
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Earle42's Avatar
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10034 Posts
 Posted 02/28/2014  12:22 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
1. It is a proof-set-issued dime. Look up proof set. These are special annual sets - normally with mirrored surfaces - made by the mint for collectors to buy. The coins are of very high quality/strike when made (struck more than once).
2. Its graded condition of PF67 makes it very high on the grading scalem and normally not many survive the years in this good of a condition.

Here is an online list of values for proof Mercury (Winged Liberty) Dimes...
http://numismedia.com/fmv/prices/mr...esfull.shtml
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 Posted 02/28/2014  09:10 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Get to know Mercury dimes. Some that appear normal may be worth a lot more than you think.
For example look closely at 1942 ones. There are some with a 1942 over a 1941. The ones you found are in decent condition too. And too, from what mint makes a lot of difference in most coins. Check out the rear, bottom of yours for either a D or S. Nothing means Philidelphia. D is for Denver and S for SanFran.
As to that one on ebay you linked to, I wouldn't want that one. Might be a Proof but I just don't like all that dark stuff on coins.
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philadelphian's Avatar
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 Posted 02/28/2014  09:38 am  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply

Quote:
Nothing means Philadelphia.

Not sure if I would have put it that way...
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CoinCollector2012's Avatar
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 Posted 02/28/2014  10:03 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
What he means it that if there is no mintmark it is a Philadelphia.
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pawpaw34's Avatar
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 Posted 02/28/2014  10:25 am  Show Profile   Bookmark this reply Add pawpaw34 to your friends list Get a Link to this Reply

Quote:
Not sure if I would have put it that way...


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Conder101's Avatar
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 Posted 02/28/2014  11:25 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Why does this proof appear to have no trace of a mirrored surface? Looks more like a MS-67 than a PF-67.
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ExoGuy's Avatar
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4415 Posts
 Posted 02/28/2014  11:44 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
The same seller is offering this coin:

http://www.ebay.com/itm/1942-10C-Si...em45fab39218

I concur with Carl that the toning is unappealing on the OP. I find this NGC-67 to have far better eye appeal. The asking price is significantly lower than the PCGS-67, too. While there may be a photo issue that is masking the mirror surface and failing to enhance the toning aspect, I personally prefer a brilliant coin at the MS-67 level.

Note that the same seller is offering another proof coin with a rather unflattering pic:

http://www.ebay.com/itm/1959-1C-Abr...em563bfa09e3
Edited by ExoGuy
02/28/2014 11:59 am
Valued Member
United States
498 Posts
 Posted 02/28/2014  12:00 pm  Show Profile   Bookmark this reply Add Mikey07nj to your friends list Get a Link to this Reply
always check the reverse for mint mark 42 d sometimes is 42 over 41 hard to tell on the d mint obvious on the p mint
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 Posted 02/28/2014  4:48 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Why does this proof appear to have no trace of a mirrored surface? Looks more like a MS-67 than a PF-67.

Now that you mention that I went back and looked as close as possible at bot the obverse and reverse. There appears to be sort of mirrored finish but could be the slab shine. Regardless of what people say, I've seen a PCGS slab that had been opened and resealed with a different coin in it. This one makes me wonder. Still wouldn't want it.
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