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Would Like To Know If This 1923 Mercury Dime Is Worth Getting Professionally Graded

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New Member

United States
6 Posts
 Posted 03/08/2022  4:48 pm Show Profile   Bookmark this topic Add Vashmiha to your friends list Get a Link to this Message Number of Subscribers
I have multiple Mercury dimes from various years, this is by far the best with the bands showing more detailed. Was curious if this was worth having professionally graded?
Would-Like-To-Know-If-This-1923-Mercury-Dime-Is-Worth-Getting-Professionally-Graded
Would-Like-To-Know-If-This-1923-Mercury-Dime-Is-Worth-Getting-Professionally-Graded
Would-Like-To-Know-If-This-1923-Mercury-Dime-Is-Worth-Getting-Professionally-Graded
Would-Like-To-Know-If-This-1923-Mercury-Dime-Is-Worth-Getting-Professionally-Graded
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kanga's Avatar
United States
5825 Posts
 Posted 03/08/2022  4:59 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
It is nowhere near good enough to have graded by a TPG.
And it doesn't have Full Bands.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 03/08/2022  5:01 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Why would you spend 30 plus to grade a coin worth 7 bucks?
You have a well circulated common date Dime!
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ijn1944's Avatar
United States
19155 Posts
 Posted 03/08/2022  5:09 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Appears to be a decent album hole filler. Wouldn't suggest having it graded.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/08/2022  5:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Definitely not worth grading.



to the CCF!
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pristine2's Avatar
United States
1048 Posts
 Posted 03/08/2022  7:20 pm  Show Profile   Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
It's a nice coin, but you can easily determine for yourself whether it is worth slabbing:

* First, go to https://www.PCGS.com/photograde#/Mercury/Grades to determine an approximate grade. This coin will be in the VF region.

* Second, go to a valuation site, like https://www.NGCcoin.com/price-guide...es/dimes/31/ to determine an approximate retail value.

Then you can make your decision. Assuming you have already paid the initial costs associated with joining a TPG, the minimum cost per coin might be somewhere around $35, depending on how many coins you submit. TPG-slabbed common date coins are worth more -- maybe a lot more -- but not necessarily enough to cover the cost of slabbing it.

Say your dime is VF-25 (I did not look too closely, but it is probably about that). It might have a retail price of about $7.50. If you slab it, it might command a premium of 75%, meaning your coin is now worth $13. The slab adds confidence, so maybe you could even get $25 under the right circumstances (doubtful). But still, you've spent $35.

Once you're dealing with coins that retail for more than $60 or so, a TPG starts to make more sense. That's because the market progressively discounts coins that *aren't* slabbed.




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United States
6 Posts
 Posted 03/09/2022  11:33 am  Show Profile   Bookmark this reply Add Vashmiha to your friends list Get a Link to this Reply
Thank you for those of you who were kind in your input. Some of the comments make it difficult for people to even ask questions. If you are going to talk down to them when they are obviously new to this and trying to learn and understand the process, it is not helpful. I have just begun learning about the coins and have nowhere near the time invested in it yet that others have, but it makes the process harder when comments are sarcastic. I simply asked a question and you can simply say no without the added rhetoric.
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jbuck's Avatar
United States
188429 Posts
 Posted 03/09/2022  12:12 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Some of the comments make it difficult for people to even ask questions...
I do not believe that was their intent. Sometimes pithy comments appear curt, other times some will forget that everyone was new at one point and it takes time to learn.

I hope you will stick around though. We are here to help.
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pristine2's Avatar
United States
1048 Posts
 Posted 03/09/2022  12:45 pm  Show Profile   Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
I thought the comments were a bit curt myself, but I don't think there was any malice.

It's a good forum overall where you can learn a great deal about coins. Hope you decide to stay.
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John1's Avatar
United States
56855 Posts
 Posted 03/09/2022  1:29 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Vashmiha,
to CCF. As a general rule:a coin needs a retail value of at least $100 to justify all costs involved in having it slabbed/graded. You need to first figure out the grade https://www.PCGS.com/photograde/ then find the current value for said coin http://www.numismedia.com/rarecoinprices/fmv.shtml and also check ebay sold values to determine if your coin/coins are worth the expense.
John1
Edited by John1
03/09/2022 1:30 pm
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