VEGAS SHOW NEWS - Biggest News for Mercury Dimes in Quite Some Time!
keyman64
Posts: 15,520 ✭✭✭✭✭
Fresh News from the Vegas Show this Week! 07/15/2021
WOW WOW WOW!
The owner of THREE 1916-D Mercury Dimes in PCGS MS67FB CAC submitted them all for upgrade on Tuesday. The expectation/intent was not that they would all upgrade. Since they are all CAC, the owner thought it would be a good idea to submit them together so the graders would have the rare opportunity to examine them all at the same time. Last week, for a short period of time, the owner actually had four in 67FB but sold the very nice white example that was not CAC. Up until today, there were 10 graded as PCGS MS67FB. Today, there are only 9.
Here is the New Stand Alone Top Pop and Only 1916-D in PCGS MS67+FB CAC...granted, it will have to go back for a new sticker since the holder changed. Congratulations!
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Comments
Just WOW. Th/e toning is perfectly natural and symmetric. I hope it got re-slabbed with an inert gas like argon to prevent any further toning.
OINK
What a coin! Just beautiful!
Wow!
I'm pretty sure the toning limits it to a 58 where's that guy
Stunning!
Amazing example!
Dave
Congrats on the +!
No Price Guide value placed on the OP coin yet. With a jump from $85K (MS66+ FB) to $155K (MS67FB), I don't think $250K would be out of line.
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There have been common date top pop examples that have sold for more than $250k. This example sold for $204K in March of 2020, before this upgrade. This is long considered to be a key for the series and it is now the stand alone top pop. If it went to auction with a few eager bidders, $250k might be where the bidding starts, not where it ends.
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The fact that three 67 FB cac were submitted at the same time I think adds value to the one that graded a + since they could look at all three together and determined which one was best.
I take as support that there aren't as many duplicates as is often believed.
Wow - that's a looker! Thanks for the report.
Is the implication here that sending all three coins at once increased the likelihood that one of them ended up with a plus grade, because the graders were able to compare the three and make the determination that one was meaningfully better than the others?
Nothing is as expensive as free money.
Not sure as I do not know all of PCGS’ procedures. Considering he has owned four at one time and has seen a few more examples I think there is some level of confidence that he owns the best examples he could find which have been blessed by CAC. It does make sense that PCGS was provided with the opportunity to examine them together and compare. I know there was a 67FB example that sold at HA several years back that appears to have a few bad carbon spots on the reverse. Clearly, not all 67FB examples are created equal. Providing three CAC examples to PCGS at the same time seems to have been a good approach.
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Breathtaking piece! LOVE the eye appeal. Thanks for sharing!
That's exactly why they were submitted at the same time. There was an expectation that one would be determined to be the best. It would get awarded a plus and become single finest. It gets an extra registry bonus for that, too, on top of the Obscene Profit™ windfall for the minor upgrade should it get sold. PCGS now also gets to promote the finest known 16-D Mercury dime.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Do you really want to go there? LOL.
Oh merci!
Simply Stunning.
Do the other two have TV's available to compare? I have not doubt about this one being the finest, but it might be interesting to see what PCGS saw.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
They call that “making it easy for the graders.”
Guess the grade on this one
I like the even toning on that one. It don't look sloppy, nice
69FB
Edited to add: MS68FB at a minimum. Without looking at the pop reports, my recollection is that I’m merely going with the odds, considering the date, the color and that phenomenal group of similarly toned beauties.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Should of dipped her before the reslab. Nothing nastier than toned silver imo.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I'll bet that 1916-D pictured in the first post has had very few different owners over time. Surviving for 105 years in that condition, most of those years before being slabbed, was a real challenge. Is any history on the coin known?
Think about this. The 19D and 27D have NO 67's period and the 24S has no 67FB coins graded by PCGS either. I think it would be huge if one of those dates made a 67FB coin. The 16D is common compared to the above three dates.
Ken
Amazing dimes.... Must have been kept well virtually from time of issue to be in that condition after 105 years. Cheers, RickO
Correct, Ken. Feel free to revisit my 2012 thread on this topic. In MS and MSFB, the 1916-D is not THE key to the series. There are others that are much more difficult. I think I will do a 2021 update of my research this weekend so we can take a fresh look at where the populations stand 10 years later. Maybe I will go a little deeper into the analysis as well.
https://forums.collectors.com/discussion/858446/mercury-dime-key-semi-key-analysis
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Imagine if one of your ancestors had set aside a roll of 16-D's when they were first issued. Where's that time machine that somebody has to be working on?
NGC MS-69FB CAC
This thread has nothing to do with 1939-D Mercs. The 1939-D is not even close to being a key date, came more than two decades later, socio-economic times were different, coin saving was different, has a different relief, mintage figures are way different. I have no idea how you are trying to relate the 39-D you posted to the PCGS populations of 1916-D Mercs in MS67FB or better...or the news that one upgraded this week, creating a new stand alone top pop for the date. Not sure if you are just oddly trolling this thread. Sure, it looks like a nice Merc but this is not the thread for it. Hence my original reason for not replying. Also, that coin is a well known 1939-D that resides in a PCGS MS69FB CAC holder and has a quality True View photo in Coin Facts.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Trolling? Not at all.
While the coins being discussed in the OP are 16-D the question of grade was raised. The 16-D shown is a 67FB CAC and one of the coins of the three referenced is a 67+ CAC. THE photo of the coin I posted is a 69FB CAC. The questions are what characters of the 69FB CAC justify the 2 point difference in grade? If the expectation is that one of the 67FB coins is going to be bumped up to 68FB what is the basis for the bump? If one of the coins is bumped is that an admission that the original grade was somehow technically flawed? If not technically flawed but based on a comparison of the three coins does that mean grades are assigned on a curve?
Greg, Looking forward to your new updated analysis! There are a couple dimes I have been looking to upgrade for years that I have not see for sale or had had the opportunity to buy.
Wayne
www.waynedriskillminiatures.com
I think the implication here is that they're probably original and likely would not offend if presented without a dunking
Only an uninformed numismatist individual would equate the splendiferously gorgeous yet totally inconsequential examples of a 39-D with anything approaching relevance to the OP's examples of a pretty tough yet not under-rated Merc rarity.
I at least started on it over the weekend. It will be very interesting to compare notes with you and the subject of this thread when I am done.
On another note, one of my four submissions from FUN (6 Mercs) wrapped up as they just needed variety attributions but still waiting on two True Views for those that needed it.
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Greg,
I've received all my coins back from PCGS. Had the whole set regraded with gold shield holders & true views. Received 7 more upgrades, 12 upgrades total. All true views are now posted to my set. I'll post a thread on this when I get time. Have a peek when you get a chance.
Wayne
www.waynedriskillminiatures.com
Great coin. What kid growing up didn't dream about the 16-D?
Holy cow! That’s fantastic, congratulations! I’m looking forward to your thread but I will absolutely be looking tonight. Congrats again!!!
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They would only be inconsequential examples to someone trying to avoid the questions. They don't like the questions because answering either of them exposes the imprecise nature of grading AND the fragile foundation on which substantial premiums are paid for a one point difference in the number on the slab.
Dave Bowers called with the same complaint. I agree with you both. I feel your pain
Even though we're putatively discussing dimes, "Here's a quarter. Call someone that cares".
That’s all you had to say. You didn’t have to waste words with multiple post. Saying “I don’t care” would have been a similar dodging of the questions while expending a lot less energy.
I think I may have seen that dime before.
I believe it is from the Joshua 2 collection????
You are correct PT, that is the Joshua II 16-D, good eye, & memory!!!
I wonder if the owner knows?
I can only dream of owning such a dime. It's now probably worth more than my whole collection.
Wayne
www.waynedriskillminiatures.com
Yes, the current owner knows.
Provenance:
From the D. Brent Pogue Collection.
Heritage's sale of the Joshua II Collection of Mercury Dimes, #1 All-Time Finest PCGS Registry Set, August 2010 Boston ANA Signature & Platinum Night Auction, lot 4490.
Heritage's sale of the William Dominick Collection, April 2001 CSNS Signature Sale, lot 6208;
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Wow, that dime has been in some of the best & most famous Merc collections ever! I know the owner is "Walking on air"! He also upgraded a 40-D to MS68+FB at the show. His was a solo pop top until I had my set regraded. Now there are 3.
Congrats to the owner, the dime is deserving of the grade in my opinion. Like Greg, I know who the owner is, but will respect his privacy.
Wayne
www.waynedriskillminiatures.com
Merc Madness is insane in his pursuit of perfecting the best imaginable set of full band mercury dimes. CONGRATULATIONS!!!
He knew ahead of time in his mind that this specimen was a step ahead of the others. Excellent review by PCGS to make the pop 1 none finer as well. It appears to be the proper plus upgrade from my vantage point.
Disregard wrong coin
What an outstanding dime, full of eye appeal. I like the strategy of submitting all three at once. While the number on the label shouldn't exactly mean it is the best, it was, as you said a rare opportunity to compare the best of the best at one sitting.
And this one stood out.
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