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 Replies: 14 / Views: 11,648 |
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New Member
Canada
24 Posts |
Hi guys, I am wondering if I should get this coin graded by a professional grading service. I ended up with it when I was buying a lot of silver coins here in Nova Scotia and the lady had a few American coins. When I got home I looked over the coins I just bought and there it was in the coins I purchased at 14X face value. I took it to my local coin dealer who looked it over for me and confirmed it is a 1942 over 41 D Mercury dime and he graded it to be VF. (Awesome find for $1.40):) Do you think it adds that much to the value of the coin by having it graded? How do you go about getting a coin graded? (I have only been collecting a very short time and didn't have anything worth grading) If I am going to keep it and not sell it is it still important to have it graded? Thanks, Nate  Edited by nateb20
03/12/2011 08:54 am
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Bedrock of the Community
United States
17884 Posts |
I'd say first post good pictures of it for a couple more opinions before spending the money for grading.
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New Member
 Canada
24 Posts |
Thanks for the advice. Here are a few scans of the coin for you to look at. Any and all opinions are welcome. If you could give me an idea on grade that would be really appreciated. The dealer did offer me $500 for it so I am wondering if that is a good deal on the coin. Thanks, Nate    |
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Rest in Peace
United States
9104 Posts |
You might get more if it slobbed xf. I don't think higher than vf, which makes $500 retail.
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Valued Member
United States
225 Posts |
I think it will go XF40. Nice coin.
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Pillar of the Community
United States
4421 Posts |
$500 seems like a fair offer. If there are other coins you'd rather own, I say take the offer.
This is a coin that should ideally be certified. The added cost of doing that should be taken into consideration. PCGS might call this coin a VF-35, and it's arguably XF, so the submitter is taking somewhat of a risk in that regard; this, IMHO.
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Bedrock of the Community
United States
20753 Posts |
Quote:
If I am going to keep it and not sell it is it still important to have it graded?
Now that is really the question. IF you are planning on keeping that coin, makes no difference if graded and slabbed or not. For me all my coins, ALL, go into my Whitman Classic Albums. I have 12 sets of Mercury dimes and there is a slot in all of them for that coin and those are filled too. None of my coins are graded in slabs. Why would you want that. If your not planning on selling that coin, why bother spending money on having it graded? I too think it's about EF-40. If you had a Red Book by Whitman Publishing, that coin in that grade runs about $1,100.00. Although everyone knows the Red Book is about 20% or more over on their extimates, in that grade at coin shows I've seen it for about $800.00 or more. It is odd that the 42D/41 is rarer than the 42/41 yet the prices are approximately the same. Regardless of value, if your going to keep it, just keep it and don't worry about a piece of plastic covering your coins. |
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Valued Member
United States
149 Posts |
Great coin, and nice pick up! I'm with Carl-no need to send to TPG unless you plan to sell it online-any reputable dealer knows what you have, and what they're willing to pay for it. I do think its vf-35, maybe go xf-40 in hand, or with larger pictures. |
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Rest in Peace
United States
9104 Posts |
Two reasons to slob a rare coin:
1) if you find out now that it's fake, you've got a much better chance of returning it than 30 years from now.
2) you won't live forever. If your heirs don't have detailed info, it looks like any other 1942 dime, and they may have to get it slobbed before selling it anyway.
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Valued Member
United States
380 Posts |
True biggfredd... Your'e really thinking into the future on this one eh?
I don't own any coins worth slabbing currently, but I think that once I hit a certain $$$ worth, I will send it off to be graded...
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Pillar of the Community
United States
6396 Posts |
I would have it slabbed to confirm authenticity. The 42/41-D is fairly subtle variety and the ordinary 1942-D is only worth bullion value currently. The TPG confirmation will resolve any potential disputes about what you have. If you have a chance, take it to a show and ask for offers from several different dealers. You can also ask how much more they might be willing to pay if it were slabbed and which service (PCGS, NGC, or ANACS) would be most desired. That information should help you make a decision about whether you should slab, sell, or slab then sell! |
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Pillar of the Community
United States
2540 Posts |
Slab it.
I cherried one, and several dealers tolds me that it wasn't the overdate.
Now it is in an NGC XF-45 holder.
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Valued Member
United States
146 Posts |
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Bedrock of the Community
United States
12437 Posts |
The 1942/1-P has a very obvious 1 under the 2 and doubling on the 4 as well. The 1942/1-D is much more subtle with a trace of a 1 under the 2 and a light extra foot at the bottom of the 4. The OPs pictures are very small but you can just barely see the extra foot at the bottom of the 4 in the close-up of the date. Both varieties are actually Class III Doubled Dies(Design Hub Doubling) as are all the other 20th century overdates. 19th century overdates typically resulted from mispunching the date, similar to a mispunch of a mintmark that results in an RPM.
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Pillar of the Community
United States
2596 Posts |
Nice variety to have I would say its a keeper especially for the price where else are you going to be able to find it again at this price. Great find. Are you working on this set? if so then it would fit in perfectly as one of the major varieties for a more complete set.
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Replies: 14 / Views: 11,648 |
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Posted 03/11/2011 10:13 pm
