Wm. Dominick 1918-D dime in PCGS FB65 sells for $23,000 (including the 15% buyers fee)in Kingswood A

oreville · June 20, 2002 1:25PM

Quite a drop from when it sold last year for $42,000 or so in the Heritage auction!!!!!! I guess the owner decided to dump it since it did not make MS66 FB?

Perhaps the trends and bid/ask PCGS/numsimedia prices lists should be drastically lowered to reflect this real price?

So perhaps, the 1916-D (or the 1919-D dime) dime has one less challenger to her throne (the 1919-D and 1945-P)??

Does this also reflect a softness in the mercury dime market or a partial reflection that the Kingswood auction is a poor place to showcase such famed dime?

Comments?

littlewicher · June 20, 2002 1:28PM

Lures are starting to go out of fashion.

Fairlaneman · June 20, 2002 9:03PM

Oreville:

Is there Really a softness in the Mercury Dime Market ? It seems to Me that the only Softness lies with the Super High Grade examples that are Out of Reach Price Wise for most Collectors. Most Mercury Dimes that are within reach for the meager budget I have seem to be going for Money that is sometimes quite a bit over Gray Sheet Ask. I believe You are Correct that the Market is some what Soft for the Condition Rarieties and quite a few of the High Grade Common Coins but when it comes to a 19D, 25D, 26S, 27D and some of the other hard to find Collector Dates the Market Seems to be Strong.

IMO the Price that the 18D realized was a Steal for the Collector or Dealer that Bought it. Some Money Will be Made on that Purchase. Another Observation might be made on the Coin also. Why was it Sold at this Time ? We are in the Period of the Calendar Year that is traditionally the Worst Selling Period of the Year. Guy needed Money, I doubt it, or just was Dismayed as You stated that the Dime Did Not Up-Grade.

Challengers to the 16D. As You also stated 19D and 45P FB. A couple others I like are the two 1927 Dates,the 27D and 27S. Probably Will Not Challenge Your Stated Coins but heck these two are sure Tough to find in Nice Examples. 23S is Right Up there also.

One Last Observation. The price the 18D realized was $7000.00 over Blue Sheet but about $5000.00 under Gray Sheet Ask. Are People Paying More Attention to the Stated Prices in the Blue Sheet if the Coin is not a Condition Rarity ? Makes Only Sense to Me for Monatary Protection of a Investment.

Take Care: Ken

DeepCoin · June 20, 2002 11:13PM

Ken,

I agree with you completely. There are a number of different markets at work here. The Mercury series is similar to the Morgan series in a few ways. There are some incredibly high priced coins out there for the deep pocket collector who wants the very best set.

For the rest of us who live on a budget, we are collecting in a completely different arena. Most coins are within our reach in MS and we have to struggle to decide how much 16-D or 19-D we can actually afford. Within the less common, but not key dates there is the condition rarity aspect going on that drives the market, but when you are talking hundreds of dollars instead of tens of thousands of dollars you bring more players into the market and I believe that is what we are seeing with coin like a 25-P... etc.

Its kind of like the yacht market is different than the 22 ft. speedboad market, but the owners of both all love boating. Pricing differences and availablity differ by market, but both can still be interested in the other market.

All that is the long way of saying I believe the mid priced range of the Mercury market is stable if not strong and it is not related to a single event in the stratosphere of the big dollar coins.

DIMEMAN · June 20, 2002 11:26PM

Good points guys. I think the person that paid the really big bucks for the 19-D (over 200,000) resold and lost money too.
And besides all that. My 19-D in 64 has more eye appeal than that 66FB coin. People who buy those kind of coins are strickly out for the numbers.

Jon

roadrunner · June 21, 2002 12:07PM

Could it be that several (2-3) heavy hitters were vying for the same coins a short while ago and now have completed their sets? Demand could fall off drastically just like that. During a hotter market people will take a little more risk than normal for potential upgrades. This may have been the case. The Registry still seems to be the driving force in the prices of 20th century sets. For the time being the Registry demand is satiated....burp.

roadrunner

TCiccone · June 21, 2002 12:15PM

Wow, an intelligent conversation for once! I'm impressed!

wondercoin · June 21, 2002 12:30PM

IMHO, this 1918(d) went for plenty of money. Sure, the coin may have sold for a bunch more money in the past, but dealers take "shots" at upgrade coins all the time. This one didn't work out (yet). Some money was lost. This coin sales price imho has absolutely nothing to do with a soft Mercury Dime market (I do not believe that is the case at all) and everything to do with a potential upgrade coin that simply didn't work.

Wondercoin.

oreville · June 21, 2002 3:45PM

Wondercoin: Are ypu suggesting that the new owner (not me) may be well advised to sit on it for a couple of years...... or even three years and then the excitement of a possible upgrade and price jump starts all over again?

Not that I care about this coin but just the concept?

It seems to me that buyers like "potential" in coins for possible upgrades (such as coins in old holders) as much or even more than coins that do get upgraded but then is "crippled" for the assigned grade???????