New Purchase NGC 1916-D dime

Discussion in 'US Coins Forum' started by johnny54321, May 14, 2010.

  1. BR549

    BR549 Junior Member

    Do you think it would have a chance at a CAC sticker?

    To answer your question, no, but that does not take away from this particular date year and mint mark. If you've looked at a lot of CAC stickered PCGS/NGC coins, you will note that most all in this grade level will have a nice even wear, without any really significant (distracting) qualities.

    I feel there is just to much going on with the one pictured, course this is my opinion and CAC may see otherwise. Take a good look when you get it, and go from there.

    Happy Collecting
     
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  3. PaulvanBuuren

    PaulvanBuuren Junior Member

    Personally I never pay $1K+ for a coin which is not backed up with gold.

    Gold prices are more reliable in this world than Red Book's are.
     
  4. johnny54321

    johnny54321 aspiring numismatist

    Probably about 50% of the value of my collection is in gold coins, and I have around 9 ounces. I am as much of a gold supporter as the next guy, but I think diversity is important too. The fact of the matter is that gold is more expensive now that it has ever been, and many of the prices on numismatic coins has dropped somewhat, though they ultimately have a large history of value appreciation over the last 50 years... What you really should mean is that I should have bought gold 5 years ago, instead of this merc now. In that, I would agree with you. Buy low, sell high.

    Even with all that said, I'm here primarily as a collector more than an investor. So though I'd like to make purchases that may give me a return some day, part of me could ultimately care less.
     
  5. Tom B

    Tom B TomB Everywhere Else

    This coin is always in demand.
     
  6. Dimefreak

    Dimefreak Senior Member

    :thumb:
     
  7. Phil Ham

    Phil Ham Hamster

    I think you did great with this one. It is a nice looking VG coin and the key date in this series.
     
  8. Marshall

    Marshall Junior Member

    You did well. Most of the 16-ds I've seen are worn to the point you can't really tell for sure it's really a 16-d. This is a no brainer. Perhaps you got it because the scratch left uncertainty on whether it was on the coin or the holder? I think it's OK either way.
     
  9. johnny54321

    johnny54321 aspiring numismatist

    I just received the coin today. It isn't nearly as dark as in the seller's pictures. I am a tad bummed that it isn't more crusty, but it's still very attractive. There is a light scratch in front of her nose(only visible under magnification), but the one that looked like was on her chin is actually on the slab itself. Here are some updated pictures. The reverse of this coin is just phenomonal for the grade in my humble opinion. What I really found to be astounding is the fact that there is actually remaining luster around the reverse lettering!! You can see hints of it in my picture around the "ONE" on the reverse. I'm not a merc expert, but I definitely know luster when I see it. The thing that is so odd is that most 16ds in this grade still show some weakness in the rim and merging of the rim and lettering. The fact that not only is there no weakness, but there is STILL tinges of MINT LUSTER is quite astonishing to me. It cartwheels in the light too. There is also quite a bit more detail in the fasces than I thought based off of the sellers pictures. Overall, I think the grade is correct(obverse limited imo), but how one of the generally weakest areas of this coin remained so well protected after it's extensive circulation is beyond me. Maybe some merc experts can chime in??

    Even though the coin is much different than I expected, it is also much better in some ways, and I fully intend to keep it for a while. :)
     

    Attached Files:

  10. phubanks

    phubanks Junior Member

    i love it! nice pickup!!!

    i still remember back in 1967, when i was 10 years old, buying the old blue whitman folding folder for the mercury dime series and the 1916-D slot was filled in with a blue tab that said "Rare" on it ... like they didn't expect anyone to ever get that coin

    back in those days you could still find some mercury dimes in circulation and in dime rolls
     
  11. Dimefreak

    Dimefreak Senior Member

    I believe you can get the CAC sticker the reverse is VF20….It is pretty crazy that the rims are completely worn but the detail is there for the most part.
     
  12. Leadfoot

    Leadfoot there is no spoon

    Very nice. I gotta tell you, your pics make the coin look much better than the first set. Nice key-date example!
     
  13. Duncan

    Duncan Numismatist

    good for your collection i couldn't afford it in poor so nice find
     
  14. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    I just pulled up the PCGS Photograde and the facets on the reverse of yours blow that F12' out of the water. It is the rims that killed your grade for sure. It is a good coin for the grade and with that year one grade is rather important :D
    Good pick up for sure!
     
  15. BR549

    BR549 Junior Member

    There could be several scenarios as to why this dime does not appear to be evenly worn on both sides.

    1.) Hammered reverse (new die reverse)
    2.) The collar in the striking chamber allowed for a slightly higher reverse rim
    3.) She spent a lot of time on her face.

    As far as luster still appearing in protected areas, yes, that can happen on lower grade coins, but you will note it is in a very small area and is an indication that this coin did not circulate in any really harsh conditions.

    I'm still skeptical about CAC however, if they only looked at the reverse, I'd say yes, but unfortunately, they look at the whole coin and the obverse is right for a VG-8.

    Remember, opinions are like truisms until proven false.

    Happy Collecting and still think you did well.
     
  16. Inquisitive

    Inquisitive Starting 2 know something

    FYI, you still can (I've found 4).
     
  17. johnny54321

    johnny54321 aspiring numismatist

    Thanks! Yeah, the remaining luster might have something to do with a stronger than average reverse rim BR mentioned. There is no luster on the obverse at all, but the reverse has tinges all around the lettering, enough to give a mild cartwheel effect under a direct light source. It still seems quite amazing, and completely unexpected! Thanks for the comments.
     
  18. coincrazed1

    coincrazed1 New Member

    JOHNNY! You're here too! Do you remember me off Coincommunity? Glad to see ya buddy! - your friend, coincrazed
     
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