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 Replies: 14 / Views: 1,289 |
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Pillar of the Community
United States
3345 Posts |
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Pillar of the Community
1028 Posts |
Well, ya did overpay, but not by THAT much. It's a good addition to a circulated Mercury set.
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Pillar of the Community
United States
968 Posts |
A coin is worth what a buyer is willing to pay. If you are happy with the coin and don't mind the price you did not overpay. Congrats on getting a nice Merc!
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Pillar of the Community
United States
4132 Posts |
1931-S is arguably an underrated date. You might have overpaid, but if it's a condition and look that goes well with your set, I wouldn't quibble about overpaying by a few bucks. I know I've done worse.
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Valued Member
United States
466 Posts |
I've seen them trying to be sold for more at coin shows
Congrats on the pick up
one of these days I'm gonna have to pick one of these up and I can't wait to
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Pillar of the Community
United States
1007 Posts |
If you're happy with your purchase it's worth the price you paid.
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Bedrock of the Community
United States
20753 Posts |
Not sure why but those 31S and 31D Mercury dimes are really, really underrated. 31S has only 1,800,000 minted. 31D is the 4th lowwest minted coin in the series and yet both of them are normally rather on the low area in prices. The 30S too is another sleeper. That one too is only in the 1.8 million area minted. I've never been able to figure these prices on those out. Consider yourself acquiring a coin that soon should be jumping up in price. 300,000,000 people in the USA and that coin of yours is only 1,800,000 On the news today it was stated that the population is expected to hit 7 Billion on Earth by the end of this year. Now imagine this. 1 percent of them want your coin. Edited by just carl
09/29/2011 11:23 pm
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Pillar of the Community
United States
4132 Posts |
The thing is, because of the depression, a lot of those didn't get released into circulation immediately. By the time they started getting released in volume, the low mintages were known among dealers and collectors. It also started to become more common at that time to get coins directly from the mint and to save coins by the roll. So in some ways, they were saved in the way the 34-45 Mercs were. The low mintage dates from the teens and 20s also started getting saved in significant numbers, but they'd already been in circulation for 10-20 years and for silver coins, that means a lot of wear.
So, while I agree they're underrated, they're still more available in highish grades than a lot of Mercs from earlier dates with somewhat higher mintage numbers. I think that's reflected in prices to a degree - '31-D is the 11th most expensive in Numismedia at G4, but 17th in XF40 and 26th in MS60.
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Pillar of the Community
United States
5826 Posts |
Not enough interest, maybe when ever the US Mint promote the new Palladium coin with Mercury dime design, this series can pick up some steam? |
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Pillar of the Community
United States
4132 Posts |
I think the series is plenty popular enough, I think we were mostly discussing '31-D and '31-S being underrated dates in the series. I would be perfectly happy if it was LESS popular so I could get them all! Well, all the ones that haven't been cleaned. So, four.  |
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Pillar of the Community
United States
927 Posts |
I agree with the captain. All of the 1931 coins can be found in higher grades than earlier dates. That being said, these are still low mintage coins and have nowhere to go but up. $15 is not too much to pay for this coin. I would probably buy it if I saw it. But I never saw a merc that I didn't like.
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Bedrock of the Community
United States
20753 Posts |
Quote:
I agree with the captain. All of the 1931 coins can be found in higher grades than earlier dates. I've heard this so many times about coins I'm looking for. I go to 2 to 4 coin shows a Month, all year long. Not sure how many times I've looked for a MS-64 or better 31S or 31D and was told, "Oh those are common. Just look around and you'll find a lot of them" After about 2 years of that one dealer I know finally got me two of them. Same thing happens with lots of coins. I once spent years looking for MS graded 1920D Lincoln Cent and was constantly told how common those are. At coin shows all the time I see many, many Mercury dimes and very, very few are in MS grades. Yeah, Yean I know just look on ebay. I don't use ebay since I've got so many coin shows in the area. |
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Pillar of the Community
United States
1205 Posts |
Got me pumped up to start a collection...reminds me of my early years, around 1964, when one merc. bought 2---yes---2 Hershey bars with almonds from the 5 & dime store on the boardwalk in Tiburon, CA..we used to crawl underneath, and hunt for coins that slipped through the cracks...since I wasn't collecting coins at that young age, whatever was found swiftly went into another Hershey's bar.Imagine the finds awaiting, still......I wonder if I would fit under there NOW?
Calvin
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Bedrock of the Community
United States
20753 Posts |
Quote:
Got me pumped up to start a collection...reminds me of my early years, around 1964, when one merc. bought 2---yes---2 Hershey bars with almonds from the 5 & dime store on the boardwalk in Tiburon, CA.. If you think Mercury dimes brings back memories, picture this. When I was a kid Roosevelt dimes hadn't been invented yet. |
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Pillar of the Community
United States
1704 Posts |
You have overpaid if your intent was to resell the dime. You bought it to fill a hole in your Mercury dime set so if you feel that the price was at a level you were comfortable with then it was a fair price in your mind. Years from now you will look at this price paid and consider it a bargain. You got a very attractive piece for which you will be proud to show off.  Ed ANA LM-3175 |
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Replies: 14 / Views: 1,289 |
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Posted 09/29/2011 5:23 pm
