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 Replies: 14 / Views: 1,855 |
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Valued Member
United States
171 Posts |
Hey guys! I called some coin dealers, and asked about selling pre-1982 copper cents. Nothing. Zip. Zero. Nada. No one will buy them from me. Oh, well, I have 5 boxes of pennies as well as a box of halves coming in next Thursday, might as well pick 'em up and search them. I'll still horde all the ones I get. Also, I asked about a 1916D Mercury dime at all the places I called. The highest one quoted me was $1200 for one in Good-4-Very Good-8, slabbed and encapsulated.(note to self: cross that butt off my list of dealers to buy from)The lowest one quoted me was $850 in Good-4, slabbed and encapsulated by the grading company of my choice. (that would be NGC) This has been by far the best quote I have gotten, with $900 being the lowest quote I got before for one in Good-4, raw. Is this a good price? Please help. I am prepared to work ALL SUMMER and road trip as much as possible when my old man is gone to get that coin. I REALLY want it! - coincrazed Edited by The return of Coincrazed
04/09/2010 10:09 pm
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Pillar of the Community
United States
4846 Posts |
yes, $800-$1000 is the right price, I would snap up that one for $850 as quick as you can!
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Pillar of the Community
United States
1801 Posts |
Only "snap it up" if it is problem free. You can get some real dogs even in a TPG holder when you are dealing in the G4 range. I would suggest looking for a while and not buying until you have personally viewed at least 10 different 16d's. Then you will have a frame of reference to determine if the 850 one is a "deal" or a "dog". Remember, at some point you may need to sell it and the new buyer is going to be looking for a "nice" coin. |
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Valued Member
 United States
171 Posts |
Do you have a 1916D, lafaa? Yes I agree with you......if I had the money. That is why I am going to work EXTREMELY hard this summer. Jfransch, what do you mean by "dogs"? If you mean bad ones, I must have looked at over a HUNDRED on ebay the last few weeks. - coincrazed Edited by The return of Coincrazed
04/09/2010 10:35 pm
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Pillar of the Community
United States
2150 Posts |
I think what hes is saying is that not all g4's are created equal. Take the time and you can find one that has nicer eye appeal,
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Pillar of the Community
United States
4846 Posts |
no, I do not, but I do know a little bit about them
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Pillar of the Community
United States
1801 Posts |
Looking on ebay doesn't count, you need to hold them in your hand and look them over with a 10X glass. Amazing how different they will look from the ebay photos. Look for some local coin shows, go to some local coin stores if there are any in your area, seek out a local coin club. I've been collecting for 45+ years and believe me, you can learn a ton of stuff from a local coin club. (And from forums like this one which didn't exist when I was a begining collector.) A 1916D Merc should be a "showpiece" in your collection, take your time and find a really nice one. There are only 4 rare dates in the Merc series (16d, both 21 and 42/1) so they should be the best you can obtain. Save for 2 years and buy a F12 coin, it will probably (no one can predict the future)go up in value more than a G4 and you will always be "proud" of the coin in your collection. Better in the long run to have 10-15 really nice rare coins than to have 100 "common/low grade" coins in my humble opinion. |
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Bedrock of the Community
United States
17884 Posts |
By Dogs I would mean something that should have never gotten the grade. The TPG's get real lenient when it comes to the grading on the 16-D dime. To me a Good should have a full rim. It can be very weak in places but it should be there. Many "Good"'s you see out there will have no rims or maybe full rims on just one side. I have seen coins graded "Fine" in the major services slabs that don't have full rims. (Unusual but it happens.) "VG"-s without full rims aren't that hard to find either. The other details on the coins don't usually make the grade either. Familiarize yourself with the grading standards for Mercury dimes and then go look at the 16-D's available in slabs and see how manyout them won't meet the standard for that grade. Other dates do, ut not the 16-D. |
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Pillar of the Community
United States
1934 Posts |
the three grading guidelines I use require full rims for VG. I'd defer to Conder's assessment about "good" in this instance because of the delicacy of the Mercury dime. But, some rim should be "evident" 360 degrees. |
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Pillar of the Community
United States
1490 Posts |
I paid $900 for my PCGS G-4 so $850.00 for a decent G-4 is a good price for one as long as it is a G-4 and encasulated by PCGS, NGC or ANACS. Here is mine for your reference.   Edited by JimR
04/11/2010 08:49 am
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Valued Member
United States
171 Posts |
WOW! Nice 1916d! Thanks for the info. - coincrazed
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Rest in Peace
United States
4849 Posts |
One thing that I have concluded looking at a bunch of AG-3 through G-6 examples of these is that NGC seems to be overall a little bit stricter on 16d's than PCGS. That is not the case for all of them, but just looking at the average.
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Valued Member
United States
58 Posts |
I dont think anyone is interested in copper for two reasons. 1, there is no money in it. 2, even if you buy copper coins it is illegal to melt them so, there is no money in it.
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Valued Member
United States
171 Posts |
Quote:
looking at a bunch of AG-3 through G-6 examples of these is that NGC seems to be overall a little bit stricter on 16d's than PCGS. THAT is what I like about NGC, johnny. (my name's john to) If I pay 850 bucks for a coin, it had better darn well be well graded. A Good-4 is a Good-4. A Fine-12 is a Fine-12. A Good-4 is NOT a Fine-12 just because PCGS SAYS it is. End of story. However, PCGS is for the most part accurate in their grades most of the time. Thanks for the info! - coincrazed |
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Pillar of the Community
United States
1534 Posts |
All TPG's have their fair share of accurately graded, overgraded and undergraded coins. Learn to grade these accurately and you won't need to worry about buying only from a certain TPG you feel has stricter grading. Edited by wheatguy
04/13/2010 10:39 pm
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Replies: 14 / Views: 1,855 |
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Posted 04/09/2010 10:23 pm
