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A Quick Success Story - 1939-D WLH

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dsfreeworld's Avatar
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 Posted 04/28/2016  10:53 am Show Profile   Bookmark this topic Add dsfreeworld to your friends list Get a Link to this Message Number of Subscribers
As some of you know earlier in the year I began flipping my WLH Set to create funding for more Liberty Seated dimes.

I sold this coin in February. I just got the email from the buyer that upon sending to PCGS they gave it an MS66 FSB. He paid me $42 for the raw coin.

What do you think? Do you agree with PCGS?

Would you have sent in the gems from the set for grading prior to resale if you were in my shoes?

A-Quick-Success-Story---1939-D-WLH
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 Posted 04/28/2016  11:25 am  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
That looks like a Merc instead of a WLH! ;)

You mentioned that you were "flipping" them...which usually entails selling them for more than you paid. If you did well and the buyer did well, I wouldn't worry too much about it.
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jbuck's Avatar
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 Posted 04/28/2016  1:56 pm  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
I've always heard WLH as Walking Liberty half. Nice to know there are two WLH's!
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jbuck's Avatar
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 Posted 04/28/2016  2:29 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
For what it is worth, when I read the title I thought it was going to be a Walking Liberty half dollar. No problem, I still would have looked if the title said Mercury dime.
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Coinfrog's Avatar
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 Posted 04/28/2016  4:41 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Pics are pretty small, but I think PCGS got it right.
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52Raymo's Avatar
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 Posted 04/28/2016  5:15 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Looks good to me. I think MS67 FSB is worth about 60 bucks or so.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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dsfreeworld's Avatar
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 Posted 04/28/2016  5:56 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply

Quote:
You mentioned that you were "flipping" them...which usually entails selling them for more than you paid. If you did well and the buyer did well, I wouldn't worry too much about it.


I paid $18 3.5 years ago for the coin.

I paid $16.50 for it's "S" mint counterpart at the same time and sold that for $46 last month. He has sent that coin to PCGS as well and is hoping for a $500 find. We'll find out.



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Coinfrog's Avatar
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 Posted 04/28/2016  6:01 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Do let us know!

(double bagger)
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Andrew99's Avatar
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 Posted 04/28/2016  6:52 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
So he paid $42 to you, sent it into PCGS and paid $30 to have it come back as a 66 FSB so he could sell it for $60. And your wondering if you should have been the one to do that?
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dsfreeworld's Avatar
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 Posted 04/28/2016  8:02 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
I think the current FMV of $60 is low. here are real time prices being set on the market for a PCGS MS66 FB '39-D

http://www (128) Not Allowed - Auto-Removed com/marketsheet/view/5019/0/0/0/0/0

http://coins.ha.com/itm/mercury-dim...Lot=1x=0&y=0

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Andrew99's Avatar
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 Posted 04/28/2016  10:36 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
ok, one sold at Heritage for $44 last summer and one sold for $94 in March. I wouldn't have spent $30 to slab a $42 coin. What are people thinking?
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52Raymo's Avatar
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 Posted 04/29/2016  01:46 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
That 94 dollar Heritage coin is a beauty.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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jbuck's Avatar
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 Posted 04/29/2016  09:56 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Slabbing is a gamble and I would never have taken the chance. I think you did good selling it raw.
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 Posted 04/29/2016  8:41 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Mercury dimes are a great way to get really beautiful high grade coins with a classic design without needing to win the lottery, as long as you stay away from the keys and semi-keys / overdates. I agree with the 66FB grade on the dime posted.

The jump from 66 to 67 in FSB for certain dates/MMs vastly exceeds the cost of a slab or of a crackout and reslab if the coin has a real shot. But with the market right now, a MS66FSB / CAC Green will likely hold its own with a MS67FSB, at least for the common dates.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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