Is my Merc worth grading ?

Discussion in 'What's it Worth' started by David Colquhoun, Apr 22, 2018.

  1. David Colquhoun

    David Colquhoun Active Member

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  3. -jeffB

    -jeffB Greshams LEO Supporter

    No. It's scratched and harshly cleaned.
     
  4. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Not even remotely close.

    Now since I've answered your question, perhaps you can answer mine? Why do you ask if the coin is worth grading (submitting)? What I want to know is if you have any idea of why a coin should even be considered for submission.
     
    furryfrog02 and Kentucky like this.
  5. Kentucky

    Kentucky Supporter! Supporter

    Guidelines I have seen say that coins of less than $150-$200 are not worth the expense of grading. You can buy a nice graded MS65 or better of this coin for $20 or so.
     
  6. furryfrog02

    furryfrog02 Well-Known Member

    We both know the answer to that.
     
  7. David Colquhoun

    David Colquhoun Active Member

    The coin is from the 1940s and is made of silver it has a nice luster and strike.I didn't look closely at the coin,I'm a new kid on the block.I will be the first to admit I have no clue .The coin looks in good condition to me , I've still got lots to learn .Its all good mate
     
  8. David Colquhoun

    David Colquhoun Active Member

    Ok thanks
     
  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I realize you're new and wasn't so much trying to put you on the spot as much as I was hoping to get you to look at this differently.

    Submitting coins is really nothing more than a game. Play it well and you can win, but play foolishly and you can very easily bury yourself. The fact is that the VAST majority of perfectly collectible coins out there have absolutely no business being in plastic, and this includes many already residing there. For a coin, any coin, to be worthy of submission the act of doing so must add something of value to the coin that at least equals the cost of doing so. This can be anything from increased liquidity to independently verified authenticity and everything in between, but also means that a fairly small percentage of coins are truly worthy.

    Contrary to what many folks seem to think, the TPGs are not the collector's friend, but are for profit businesses more than happy to take your money while offering nothing in return. Just to be clear, this isn't to say they're a bad thing (not at all) but only that a wise approach to them is paramount. Again, if you play the game wisely submitting can be a very good thing, but only if played wisely. Knowledge is key, and submitting isn't something for the uninitiated.

    With the coin in question, had you submitted it, you would also be permanently buried in it.
     
    Randy Abercrombie likes this.
  10. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Yes, but sometimes it's best to take a different approach instead of preaching.... sometimes. ;)
     
    furryfrog02 likes this.
  11. rickmp

    rickmp Frequently flatulent.

    That's shine, not luster.
     
  12. Kentucky

    Kentucky Supporter! Supporter

    The coin is in "good" condition, but the date is fairly common. A rudimentary idea about grading is good to have. Keep reading here, buy a Red Book and after awhile, your eye will improve. Let's take this coin for instance. The hair about the face and bands on the back show a fair amount of wear.
     
  13. imrich

    imrich Supporter! Supporter

    Generally speaking, the only 1945S Mercury dime in that condition that you'd want to consider for certification would need to be an uncleaned "Micro s", only because of its unique mint-mark, which would cost ~twice its value even at the least expensive TPG. That coin in minimum "Gem" condition, full bands, Micro-s, rainbow toning, is one of my desired submission coins for NGC and PCGS.

    JMHO
     
  14. SilverDollar2017

    SilverDollar2017 Morgan dollars

    Not worth submitting. Looks AU Details, cleaned.

    A coin worth below $150 - $200 should not be submitted.

    The age of the coin has no effect on its value.
     
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