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Trade == Good?

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0xDA71D's Avatar
United States
1215 Posts
 Posted 01/19/2015  10:59 pm Show Profile   Bookmark this topic Add 0xDA71D to your friends list Get a Link to this Message Number of Subscribers


Trade-==-Good?

Trade-==-Good?

For 2 Mercury dimes F condition, common date 30s 40s

Looks like Culls.com
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CoinCollector2000's Avatar
United States
2563 Posts
 Posted 01/19/2015  11:01 pm  Show Profile   Bookmark this reply Add CoinCollector2000 to your friends list Get a Link to this Reply
Cleaned, holed, damaged..... if you like the coin then yes, but in my honest opinion I would've kept my dimes.
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Joe2007's Avatar
United States
3843 Posts
 Posted 01/19/2015  11:02 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
This trade was only good for the other party to the trade. Sorry but Large Cents in this condition don't have much value.
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0xDA71D's Avatar
United States
1215 Posts
 Posted 01/19/2015  11:16 pm  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply
I'm a sucker for large copper. I'm probably going to give this to my history teacher at the end of the year. It totally has been through a lot!
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 01/20/2015  12:04 am  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
I would say it benefited the other person more. IMO this coin isn't worth as much as two Mercury dimes. I wouldn't have even traded a common silver roosie for it. Although, as a cheap gift for a teacher, it seems to be OK.
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edweather's Avatar
United States
7375 Posts
 Posted 01/20/2015  12:54 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
I agree, this would have been in the dollar bin at my LCS.

edit: Yea, don't be down. You asked for opinions, and I just gave mine. I've done stuff like that plenty of times..learning all the way. Tango on!
Edited by edweather
01/20/2015 2:39 pm
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0xDA71D's Avatar
United States
1215 Posts
 Posted 01/20/2015  01:05 am  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply
:(
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 01/20/2015  06:34 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply

Quote:
:(


Pft. Don't be down 0xDA71D. You like it .. I actually like it too. Sure it's beat up, but what a life it's had!

Value is after all subjective. Dimes to me are .. well, not a dime a dozen, but you get the idea! Value isn't just silver content vs copper or whatever. Sentiment can have value too.

Coins that have been holed must have meant something to someone once. They thought enough to pierce your cent to keep it as a souvenir- and keep it for some time by the looks of it.

So I think it's cool and I hope your teacher will treasure it. I know I would if someone gave such a memento to me!

Edited by Tom Goodheart
01/20/2015 06:37 am
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 01/20/2015  08:34 am  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
I am a teacher... and I was given a coin/medallion once by one of my students..The coin has gone through heck and back .. it's one of my most beat up coins... but it's also one of my most cherrished coins. I may sell almost every other coin in my collection... but the one that was given to me by my student is one that will always be a keeper. I cherrish it!

So as a teacher and one that has received a gift similar to this type of coin.. I say you made out just perfectly!
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 01/20/2015  10:02 am  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
A coin like this would look really nice on your key chain.

As for the economics of the trade, so what, and that is coming from someone who is always analyzing things that way.

Two circulated common Mercury dimes, certainly no more than $3 total. Probably stretching it a hair honestly.

Say the cull Large Cent is a bargain bin $1 coin.

You are out $2 bucks max at this point in time.

That is now, going forward I doubt the cull copper goes up much more than the Federal Deserve Note it is currently worth. The greenback will lose at least 2% compounded annually as well.

Silver may go up, it may go down.

At an all time high, silver is roughly triple what it is now so maybe those are $4 dimes each. Your loss would be $7 then, big deal.

Say silver goes down to an all time low for your lifetime, perhaps $5 or so. Then those dimes are only worth maybe $0.45 each and you are still down but only 10 cents.

So for the history of time as you have experienced it, this trade doesn't work financially.

You gave essentially $3 in value and that is a bad price point for cull large cents (later ones anyway). You won't get anything without a hole, bent, scratched, etc at that price point. A fair trade would have been one silver dime at most, even a bent one. For about 3 - 5 dimes you can get a Large Cent without a hole, without being bent, and without X marking the spot. Still a rough looking Large Cent, but problem free for the most part.

Like mentioned earlier though, there is value beyond financial. For me, this goes on my key chain and becomes a prop for conversation as needed.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/20/2015  2:55 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
That was a winning trade, if you're the coin. You just changed hands from someone who considered you worth less than junk silver, into the hands of someone who thought you worth trading silver for. Your future preservation appears assured, which is cool because even ugly ducklings are still ducks and deserve water in which to swim.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 01/20/2015  3:34 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
SsDd: I love the way you looked at it from the coin's perspective
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/20/2015  5:36 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
We're just temporary, AgCoinAu. Only the coins are permanent, and only then if we agree to keep it that way.

The coin in question here was worth a ton more than One Cent to someone, sometime. Enough more to wear it around their neck. It meant something. It's already survived almost two centuries, and deserves to be recognized for the more difficult journey it's taken compared to its' peers.
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