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 Replies: 50 / Views: 5,794 |
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Valued Member
United States
171 Posts |
Poll Question
Hey guys, I'm in a bind. I want to buy the 1916D Mercury dime in Good-4 condition. I pretty much have enough money now for it, as my mom realized she owed me $350, LOL! (I lent it to her MONTHS ago) However, in order to buy it, I would have to use half my savings along with that money, as well as selling my silver halves. I like coin roll huntimg, but I like rare coins even more! Do you think I should pop for it? Please tell me what you think. Votes are very appreciated. - coincrazed
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Pillar of the Community
United States
1534 Posts |
It really depends. If you think you'll enjoy the 16-D and feel proud of it, then I suggest you buy it. If you know the money would be better spent by you buying more boxes of coins to search, then don't buy it.
Key dates like the 16-D have been known to do well long term, so I suggest if losing that money will not be a burden, go for it.
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Pillar of the Community
United States
8904 Posts |
Just IMO, 1916 D Mercs are not getting any cheaper. Get yours while you can.Any 1916 D will make you happy. I like my FR-02 one. It makes me happy. 
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Valued Member
United States
323 Posts |
are you getting the coin for a good price?
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Valued Member
 United States
171 Posts |
Quote:
are you getting the coin for a good price?
Of course!  $850. And I just might be able to get the dealer down to $800. Yes Moe, the coin would make me UNBELIEVABLY happy. Is your Fair-2 certified? - coincrazed Edited by The return of Coincrazed
04/30/2010 10:09 pm
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Pillar of the Community
United States
3278 Posts |
Imagine how you would feel owning this classic rare coin. how good does that feel. Now imagine hoe it feels to have the money and the halves gone. which feeling is more powerful. It's up to you.
I will say however the money will go away anyway and more will be had but that 1916 d will be yours forever
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Pillar of the Community
United States
1534 Posts |
Quote:
the coin would make me UNBELIEVABLY happy. Then buy it. And remember to post photos after you buy it. |
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Moderator
 United States
15386 Posts |
I voted 'buy' ...... but at the end of the day you have to decide how to build your own collection.
I say allow your internal voice and enthusiasm to guide you ..... the 16-D versus rolls .... which fires you up?
Fellow CCF member Dealer925 has a great saying ..... which I re-state here in my own words with his kind understanding ....
Common coins will always be Common .... while Rare coins always be Rare.
Bottom line .... you decide what you want .... the choice is a 1 time shot at a rare coin versus the chance of finding many common coins in rolls.
That's 2c FWIW
David
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Valued Member
United States
171 Posts |
Quote:
Then buy it. And remember to post photos after you buy it.
That right there is a problem. Could you teach me how to upload photos to this forum, Wheatguy ? I can recall nearly a dozen times where I have wanted to upload photos, but I don't know how to crop and resize them. Please help. Yes, I think I may just buy one. - coincrazed |
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Pillar of the Community
United States
1882 Posts |
For cropping and resizing, check out Irfanview. (google it and you'll find it). It is a free (and small) program that you can use to view pics, resize, crop, convert from what file type to another, etc. |
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Pillar of the Community
United States
651 Posts |
Careful- CAVEAT EMPTOR! Buyer beware. Keep in mind that there are alot more fakes for this date and for this key date coin than were ever minted. I would suggest buying one certified first. Certified 1916 D is more trusted than a raw. Key date U.S. coins are easily available, so don't rush into it. Shop around for a certified. I've seen vendors pass a fake knowingly and also not knowingly too! So carefull Amigo, this is just a tip and don't want to see another casualty.
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Pillar of the Community
United States
651 Posts |
There are specific diagnostics for the real 1916 D.
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Pillar of the Community
United States
968 Posts |
How old are you Coincrazed? If you are young enough that you are still going to be living at home for a while and don't have to worry about supporting yourself for several years then I'd say go for it if you find a good deal. If you are are leaving home anytime in the foreseeable future I don't think spending half your savings on this is a good idea.
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Pillar of the Community
United States
2734 Posts |
A classic key date like a 1916-D Mercury is a great long-term investment! A perfect choice for a younger buyer to hold onto for decades!  The 1916-D Mercury has been steadily gaining in 'inflation-adjusted value' since the 1940's, whereas many common date Mercury dimes have actually lost value (in inflation-adjusted terms) since the 1960's.  Caveat: This could mean that common Merc's are undervalued, especially if interest in Dimes increases in the future! Ironically, low-grade 'junk silver' Merc's have benefited greatly from Silver's dramatic increases since 1999, so as far as Merc's go, the best performers in the last 20 years have been the 'bottom of the barrel' and the 'cream of the crop'. Coincrazed could do a short set of 16-D, 21 P+D and 42/1 P+D, and call it a day!  Edited by DNA
05/01/2010 12:40 am
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Pillar of the Community
United States
1934 Posts |
fcrazo said, " Keep in mind that there are alot more fakes for this date and for this key date coin than were ever minted."
Is that true?
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Pillar of the Community
United States
1409 Posts |
I'd buy it were I you. As some others have mentioned - it won't get any cheaper. You'll be able to find more silver roll searching in the future, but you may not get another shot at the 16-D at $800-850.
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Replies: 50 / Views: 5,794 |
Posted 04/30/2010 9:47 pm
