1944 Merc Dime...worth more than melt?

Discussion in 'What's it Worth' started by Terry Grogan, Apr 19, 2019.

  1. Terry Grogan

    Terry Grogan New Member

    Greetings all, this is my first post.

    I have reviewed a few other posts related to this year and while I don't think I have anything particularly rare, I am trying to determine if it is worth more than $2-3.

    I recently acquired a bag of 100 Mercury dimes and have pulled out 11 of them that seem to be in relatively good condition. These pics are from one of the 11 that look the best. There is another 1940-s that is in similar condition as this.
     

    Attached Files:

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  3. longshot

    longshot Enthusiast Supporter

    Decent coins, but high mintage dates. Similar coins can be picked out of buckets in coin shops for just a bit over melt value.

    Welcome to CT!
     
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  4. Terry Grogan

    Terry Grogan New Member

    Thanks for the response. I wasn't expecting much so I'm not devastated by the outcome. I paid right at spot price for the bag of 100 so I haven't lost anything.

    I did pay a bit more for a couple of other rolls, one is 1964 BU dime roll and another is a 1957 Proof dime roll that I bought hoping to resell.

    To be honest, I'm not sure I'm going to be cut out for the coin flipping business. I may just end up with a really pretty stack of dimes. ;-)
     
  5. frankjg

    frankjg Well-Known Member

    Curious, where did you purchase your coins from?
     
  6. Terry Grogan

    Terry Grogan New Member

    These came from a lot I purchased through proxibid. In fact all the coins I have came through there except for about 40 Canadian silver dollars that I purchased locally through Craigslist.

    Proxibid is an online auction site.
     
  7. frankjg

    frankjg Well-Known Member

    I would imagine that it will be hard to turn a profit when buying off of an auctions site since that is where people are flipping coins. Craigslist is a different story, if you are buying from estate sales. If you are buying from someone selling coins on CL then you are being flipped to.

    I don’t do it but I can’t imagine it’s a high margin game.
     
  8. Terry Grogan

    Terry Grogan New Member

    Yep...which is why you have to be firm about what you think it’s worth and not get caught up in winning. I’m still working on that ;-). Now these particular dimes were in a lot that I bought purely for the silver and actually paid almost exactly what the melt value is after buyer premium and shipping so I only have about $1 invested in each.

    I’m learning to let things go to someone else unless it is something I actually want and can’t easily get somewhere else. However, I definitely have a fair amount of stuff that I know I overpaid for.
     
  9. Stevearino

    Stevearino Supporter! Supporter

    IMHO, I wouldn't turn the 40-S back into the wild; I think it's XF-45 and I like its natural look. The 44 looks like XF-40 and could probably look good in some young person's collection.
    I prefer to keep XFs. If I were ever in dire straits AND silver was peaking I would definitely rethink my strategy.

    Steve
     
  10. Michael K

    Michael K Well-Known Member

    The late date Mercury's are not rare or worth much. Unless it is in sparkling condition, or something like the 1945 micro S. There is the rare 42 over 41 and 42D over 41. But otherwise you are looking at 1916-1931. The 34-D and 38-D are lower mintage. But later date 40's really don't have high value over melt, depending on condition.
     
  11. Terry Grogan

    Terry Grogan New Member

    The earliest one I have that has maintained significant detail is this 36.

    Maybe I should look through the rest for some key dates.
     

    Attached Files:

  12. Spark1951

    Spark1951 Accomplishment, not activity

    Bowing to Stevearino's grading ( I thought 55 and 58, respectively) the '44 P is XF40/$3.51 and the '40 S is AU50/$4.26 (slightly less if xf45, closest w/o extrapolating)...both per NGC.

    What really helps is to have the coin in-hand, all we have is the pics to go by...also...very handy to have an UNC coin, in that date and mint perhaps, to compare to. Or a proof...not everyone has access to these grading aids, but that's what I try to do.

    Worth repeating...high mintages, but these numbers seem to be very normal and not out of whack...imo...Spark
     
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  13. Spark1951

    Spark1951 Accomplishment, not activity

    36 P XF40/$3.76 (NGC, again)...And again, very normal value for mintage and condition...Spark
     
  14. Michael K

    Michael K Well-Known Member

    When you are selling, those XF late date Mercs are not going to bring retail price guide prices. Those prices are more for buying.
     
  15. Spark1951

    Spark1951 Accomplishment, not activity

    Cogent point...Spark
     
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  16. Terry Grogan

    Terry Grogan New Member

    Yep...I get that. I've already seen a fair amount of disparity in what some of the online guides (NGC/PCGS) indicate and what things actually end up selling for.

    Also...really appreciate everyone's input. I wasn't expecting so much this soon.
     
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  17. Terry Grogan

    Terry Grogan New Member

    Michael K mentioned a 45 s. Here is the 45 s I have that is in decent condition but I don't think it is a micro s.
     

    Attached Files:

  18. Michael K

    Michael K Well-Known Member

  19. Stevearino

    Stevearino Supporter! Supporter

  20. Terry Grogan

    Terry Grogan New Member

    Thanks guys...interestingly enough, while I was searching through my collection for other dates and such, the mail arrived with a new delivery that also contained a bag of 100 Mercury dimes. I have a very well worn 1916P and a few other early years, I think I have 1918 from each mint actually.

    But, I also found a few more 1945 S dimes. These two appear as though they might actually be micro S...
     

    Attached Files:

  21. Stevearino

    Stevearino Supporter! Supporter

    Yeah, I think you're right about the last two. Condition isn't the best, of course.

    BTW, can't you see a "D" on the 1916 if you squint really, really hard? ;)

    Steve
     
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