slightly over priced Merc?

You’ve missed several sales and seem to have a hard time understanding price ranges for top quality

 

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We have seen them, but not at this price level. Not even close. Maybe the demand for coins in 1930, post the stock market crash, went way down. 1930, however, was not during WWII.

Look at the comparable grades for 1936s
https://coins.ha.com/c/search-resul...75+763+1588+4070&ic4=Refine-USCoinYear-102615

• 
  Auction 60190 | Lot 91062 » Dimes » Mercury Dimes
  
  1936 10C MS67 Full Bands PCGS. CAC. The 1936 Mercury dime is usually available with Full Bands, although CAC-approved Super...(PCGS# 4999)
  Bid Source: Internet
  
  Service PCGS
  Grade MS67
  Auction Ended
  Feb 22, 2021
  Auction Archives
  Sold For: $432.00
• 
  Auction 132046 | Lot 23117 » Dimes » Mercury Dimes
  
  1936 10C MS67 Full Bands NGC. NGC Census: (115/12). PCGS Population: (283/22). CDN: $310 Whsle. Bid for NGC/PCGS MS67. Mint...(PCGS# 4999)
  Bid Source: Internet
  
  Service NGC
  Grade MS67
  Auction Ended
  Nov 10, 2020
  Auction Archives
  Sold For: $312.00
• 
  Auction 132039 | Lot 27144 » Dimes » Mercury Dimes
  
  1936 10C MS67 Full Bands NGC. NGC Census: (115/12). PCGS Population: (286/23). CDN: $310 Whsle. Bid for NGC/PCGS MS67. Mint...(PCGS# 4999)
  Bid Source: Internet
  
  Service NGC
  Grade MS67
  Auction Ended
  Sep 22, 2020
  Auction Archives
  Sold For: $330.00
• 
  Auction 132034 | Lot 25183 » Dimes » Mercury Dimes
  
  1936 10C MS67 Full Bands NGC. NGC Census: (115/12). PCGS Population: (286/23). CDN: $310 Whsle. Bid for NGC/PCGS MS67. Mint...(PCGS# 4999)
  Bid Source: Mail/Fax
  
  Service NGC
  Grade MS67
  Auction Ended
  Aug 18, 2020
  Auction Archives
  Sold For: $312.00
• 
  Auction 132032 | Lot 21109 » Dimes » Mercury Dimes
  
  1936 10C MS67 Full Bands NGC. CAC. NGC Census: (115/12). PCGS Population: (286/23). CDN: $310 Whsle. Bid for NGC/PCGS MS67....(PCGS# 4999)
  Bid Source: Internet
  
  Service NGC
  Grade MS67
  Auction Ended
  Aug 4, 2020
  Auction Archives
  Sold For: $330.00

 

Remember that a coin in one grade can be a world of difference in the next higher grade. But that's not the case for another date or mintmark. 1930 was the depression. Coins weren't saved.

Therefore a high grade will be expensive. By 1936 the depression was weaker so more coins were saved and the high grades are easier to get.

 

I don't hold any dealers as gods. They are coin dealers. It is about $1000 over the cost of the some of recent auctions. OTOH, since the original posting, I saw a 1930 MS67 I saw that went for $9000. I have to admit, that for 9K it looked like an exceptional strike with a crisp FB. But if you are convinced that Mr Shapiro's coin has that of value, then you should consider buying it. For ME it is not immediately clear to me why it is so expensive. And BTW - that coin is not alone. He has tastes for very expensive otherwise common year coins. Understanding one would help me understand the others.

Maybe you can explain the wide gap in the value of a 1936FB MS67 and a 1930FB MS67. This is a sincere question. Regardless, with that kind of money on the table, I wouldn't put it on a conditional rarity for an otherwise common coin.

I will say this, there is no reason for the rudeness. A comment about a little window shopping shouldn't cause a vociferous outburst. There is no intrinsic value to coins. They are worth whatever the market will bare. Mr Shapiro only needs to have one individual willing to pony up 4 grand for a 1930 Mercury from the Philadelphia mint in high grade and a green sticker. I am sure he knows his market, and knows how to market to his market. I have no feeling about it at all, other than wanting to learn why someone would blow so much cash on it since it wasn't obvious to me. No insults are needed. ANd certainly no insulted were intended.

And BTW - that price to me is excessive, even if someone else IS willing to pay it. I wouldn't burn a years worth of my tuition on a common dated Merc. I can spend 6 months in Europe for that money.

 

There are no personal attacks or insults in this thread. Go ahead and argue with all of us... or listen and learn from more experienced members ;-)

 

What more explanation could there be than "they're a lot harder to find"?

 

Thanks for some insite! I didn't think 36 was any less severe than 1930. I thought that initially people expected a recovery right around the corner and the corner never came. I've been reading the reprints of Gasoline Alley from 1919-1934, which is as far as they have gotten up until now. It is a fascinating walk through the early part of the twentieth century. It is called Walt and Skeezix from Drawn and Quarterly.

 

well there is the demand side of the equation. If there are not enough peas in a market, people buy string beans instead. Someone feels this coin has this value despite there being lots of string beans around. That has to have a numismatic explanation that is drive that price.

 

check this one out
http://www.mrbrklyn.com/images/merc_ms67fb_1941/DSC08898.png



and this is what 9K buys you in Full Band
https://coins.ha.com/itm/mercury-di...1-3567.s?ic4=ListView-ShortDescription-071515

 

1930: 6.77 million minted. 1936: 87.5 million minted. There are probably a lot more 1936s in that grade than there are 1930s. The explanation that the 1930s are a lot harder to find (by @baseball21) is totally valid. You seem to have no idea as to the relationship between rarity, condition, and price. The 1930 is a CONDITION RARITY. It is MUCH LESS COMMON in MS67FB than a 1936 is.

 

Exactly!

 

No?

 

Sadly once again we have an individual that comes here for opinions or advice and all they want to do do is argue with highly experienced dealers and collectors. This is nothing new.

 

The sad part is that people no longer want to do any cursory reading or research for themselves. I don't consider myself an expert in coins by any means (stamps, yes, or I used to be), but I am in some other areas...and research and experience are keys. Read. Learn what you can about any hobby, profession, sideline, interest, anything, and you will benefit a ton.

 

Do your own bloody homework........how's that for nasty?

 

Yeah - that is nonsense and doesn't even follow this conversion.

 

So your not a fan of the whole string bean analogy. How much more is one willing to pay for an MS63 over an MS66 of a 1930 merc? They want that date and that condition. Maybe the populaty of the entire series that drives some of the demand.

 

Sad to say but spot in. A simple google search of PCGS auction prices realized would show ones selling at high 4s and even a 5k on that weren’t CAC from 2018 onwards but this ones over priced is just sigh.

 

Baysian Statistics?