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Interesting Value For The 1894-S Dime

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jpsned's Avatar
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 Posted 07/05/2023  3:48 pm Show Profile   Bookmark this topic Add jpsned to your friends list Get a Link to this Message Number of Subscribers
I have the 1946 edition of the Blue Book. Take a look at the value given for everyone's favorite Barber dime...

I'm interested in comments!

Interesting-Value-For-The-1894-S-Dime
Edited by jpsned
07/05/2023 3:50 pm
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HondoB's Avatar
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 Posted 07/05/2023  3:55 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
"$150 in 1946 is equivalent in purchasing power to about $2,339.44 today"
Inordinately fascinated by bits of metal with strange markings and figures
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Dearborn's Avatar
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 Posted 07/05/2023  4:02 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
$150.00 was a lot of money back then, However not knowing the exact amount minted was probably not well known kept the value down a bit compared to what it could have been.
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jbuck's Avatar
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 Posted 07/05/2023  4:09 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
"$150 in 1946 is equivalent in purchasing power to about $2,339.44 today"
From Numismedia: G4 is $81 and F12 is $100,000.

If you bought one in 1946 at those prices you came out more than ahead.
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 Posted 07/05/2023  4:10 pm  Show Profile   Bookmark this reply Add coin rejector to your friends list Get a Link to this Reply
According to this calculator.... https://www.officialdata.org/us/sto...ear=2023.... in 1946 had one invested $150 in the S&P, that investment would be valued at, $431,179.61.
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jbuck's Avatar
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 Posted 07/05/2023  4:11 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
More evidence that coins are not the best investment vehicle.
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 Posted 07/05/2023  4:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good grief!
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 Posted 07/05/2023  5:38 pm  Show Profile   Bookmark this reply Add Maine Member to your friends list Get a Link to this Reply
Inflation is an enemy for all, even numismatists. I try to stick to Keys like this one, I was born in 1960. We were able to buy 6 Hershey bars for 25 cents plus 1 cent tax. (They were what is marketed now as King Size). In the seventies we still saw 90% silver in the circulating coinage, and I hoarded all of it, including the 40% Kennedy's from 65 to 69.
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 Posted 07/05/2023  9:18 pm  Show Profile   Bookmark this reply Add apcol258 to your friends list Get a Link to this Reply
Not my series, but in the last 130 years has there ever even been a documented example of one in any grade below uncirculated condition?
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HondoB's Avatar
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 Posted 07/05/2023  9:22 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
All 24 1894-S dimes were Proofs.
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nickelsearcher's Avatar
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 Posted 07/06/2023  04:49 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I say that is simply a made up value because they had to print something. Would have been more accurate to say N/A.
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 Posted 07/06/2023  08:32 am  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
Check the Trade dollar page, there may be some coins under face value. I have seen some early price guides when the Trade dollars were treated like the common face value Presidential dollars of today!
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 Posted 07/06/2023  11:26 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
All 24 1894-S dimes were Proofs.
I did not realize that (not my series). I should have checked my Red Book first.

Now I wonder why Numismedia lists values for all circulation grades for it.


Quote:
I say that is simply a made up value because they had to print something. Would have been more accurate to say N/A.
Seems that I have to agree.
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jpsned's Avatar
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 Posted 07/06/2023  12:19 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply

Quote:
All 24 1894-S dimes were Proofs.


While the coins may exhibit proof-like qualities, technically they are not proof coins. "Proof" refers to the way the coin was manufactured and not its condition. Many first-run coins exhibit proof-like qualities because the dies are new. The dimes should thus be properly referred to as "proof-like." There is no evidence that the dies were prepared as proofs. It's likely that people referred to them as proofs in order to make the seem more valuable. In any event, they are first business strikes, not proofs.
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jpsned's Avatar
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 Posted 07/06/2023  12:24 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply

Quote:
I say that is simply a made up value because they had to print something. Would have been more accurate to say N/A.


I agree. In 1946, these coins were only 52 years old and the numismatic world knew a lot less about them than it does today. I can see the editors scratching their heads and thinking, "How do we assign a value to a coin with such a small mintage?", with the answer being, "I got an idea. Let's just say $50 and $150 and be done with it. That's a lot of money and people will be impressed."
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jpsned's Avatar
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 Posted 07/06/2023  12:34 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply

Quote:
Not my series, but in the last 130 years has there ever even been a documented example of one in any grade below uncirculated condition?


Out of 24 coins minted, ten are known. Eight are graded as proofs (though technically they're not proofs, only proof-like). The ninth specimen--found in a Gimbel's department store junk cash box in 1957 and purchased for $2.40--is graded G4. The tenth coin is graded AG4.
Edited by jpsned
07/06/2023 12:37 pm
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