Hi, guys it's been a while since I've been here but I have a couple questions about a key date mercury dimes How much should I offer for this coin? Has it been cleaned or a counterfeit? Thanks for any info
I'll post the ebay link http://www.ebay.ca/itm/371216547458?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649 hope this helps
Ah, the extremely rare (none known so far) 1916-D "No-D" variety! Seriously, I don't see any evidence of a mintmark at all.
The 1916 D Merc Dime is the kind of coin that should be purchased in a slab, even in the lower grades. I don't see the mint-mark on that one. I wouldn't touch it with a 10 foot pole.
The position of the mint mark of a 16-D is very high, so even very well worn examples show the mint mark very clearly. This one however is a common Philly.
It's not a 16-D at all. On the 1916-D, the 'D' is serifed, and sits very close to the last leaf on the branch, right of the 'E' in one. I can see no evidence whatsoever that this coin has, or once had, a mintmark, even with the advanced wear. Stay away.
IMO It would have to be slabbed to verify mint mark. On such a rare coin a details grade would be ok but not great. It looks to be around AG2. PCGS values this coin right at 400. One question why isn't it slabbed, an important coin like that, why not. The eBay seller sells coins and he is 100% with over 18,000 sales. If I had this and I knew it was a D mint then I would have it slabbed with no hesitation. The coin is what it is. If no mint mark, 3 or 4 dollars, if you can get that. If I had that coin and wanted to sell it I would get a good indication of the D with a picture and start it on eBay at 99 cent and let the bidders have a go at it. The highest seller for AG2 was 400 dollars, he's asking almost 600, 55 dollars more than an AG3 sold for.
There certainly appears to be "something" there, but as others have already said, this something is not in the correct or even general position. With that said and while far from absolute, if one is even remotely considering the purchase of such a coin, taking the time to learn before plunking one cent on the table could save much grief in the long run. Also, and only for the sake of discussion, it should be noted that the 1916-D "Mercury" dime is far from a rare coin (as a date/mint) but is very popular, and this, more than anything else, generally accounts for its high (all things considered) value.
I realize they're popular and is why I said as much in the previous post. However, I would respectfully caution against the generic assumption that "people will always be buying them" if the goal is to make (or just not lose) money. While true that there will likely be a solid market for nice examples into the future, this certainly does not mean that any example purchased is or will continue to be worth the price paid. The point is that regardless a date/mint/types popularity, it is still very easy for such a coin to be a bad buy. As has been suggested, if you really want a 16-D it would likely be in your best interests to search out a nice above average for the grade certified example instead of wading through the dreck and questionable offerings. As for
If you simply google "1916-D Mercury dime mint mark positions" you will be able to find many examples.