@skier07 said:
I wouldn’t buy either coin but if I was forced to make a decision I would reluctantly pick the straight graded one. There’s no good reason to buy a details 16-D IMHO. They’re expensive but certainly not rare and there’s no reason to compromise.
All 16-D's are way overpriced to the point of ridiculousness. Despite being a key, it is as common as mud in a wet field except in MS grades where it is uncommon (certainly not rare). But bc it is called a key, demand is high and folks pay way too much for these. So I agree with you that I would not spend my money on either, or, any other 16-D in existence. Certainly for the money for one of these in any grade one can buy truly rare coins in less common series.....................
I will agree with you that the 1916-D Mercury Dime is "as common as mud" in AG-3. One could probably assemble a roll of them after going to a couple major shows.
The pieces in the middle collector grades like Choice Fine to EF is another matter. I have not seen a lot of those. I had to do some hunting to fill a want list for a "true EF" with all of the vertical ax lines showing when I was a dealer. Like the Barber coins, the mid grade examples of these coins got killed during the Great Depression. "Buddy can you spare a dime" was for real.
BTW, the grading for this date has become a breeding ground for grade-fltion. Forty years ago, the VF-25 would have been called VG to Fine or VG-10
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@coastaljerseyguy said:
The market ultimately decides a coins value and TPGs cannot override that with a 3rd class of coins.
But the "market" is constrained by the choice of TPGs to put a coin in purgatory; that choice, by itself, seriously depresses the market value of that coin, regardless of how attractive that coin is. Were it consigned to a higher level of purgatory, it's market value would be less constrained.
Good discussion and nearly a 50/50 split vote. Very interesting.
My 16-D didn't come back from our host labeled Harshly Cleaned as the coins pictured below did.
That should speak to the level of light cleaning on this 16-D.
I'll take the lightly cleaned, much higher detailed coin #2, over a well worn coin lacking design details it was born with, since the price was equal to a VF25. Simply cannot find one with those details for under $12K.
This 16-D was sitting happily in my Dansco fitting right in with the MS Mercs until a supposed expert at a coin show challenged it's authenticity, because it looks that nice in hand and it wasn't in a slab.
So I sent it in to our host for their expert opinion. Who knows, I may just end up cracking it out to fill that hole again and after a few years resubmit.
Comments
I will agree with you that the 1916-D Mercury Dime is "as common as mud" in AG-3. One could probably assemble a roll of them after going to a couple major shows.
The pieces in the middle collector grades like Choice Fine to EF is another matter. I have not seen a lot of those. I had to do some hunting to fill a want list for a "true EF" with all of the vertical ax lines showing when I was a dealer. Like the Barber coins, the mid grade examples of these coins got killed during the Great Depression. "Buddy can you spare a dime" was for real.
BTW, the grading for this date has become a breeding ground for grade-fltion. Forty years ago, the VF-25 would have been called VG to Fine or VG-10
But the "market" is constrained by the choice of TPGs to put a coin in purgatory; that choice, by itself, seriously depresses the market value of that coin, regardless of how attractive that coin is. Were it consigned to a higher level of purgatory, it's market value would be less constrained.
An in hand view would be the only way I could pass judgement.
Good discussion and nearly a 50/50 split vote. Very interesting.
My 16-D didn't come back from our host labeled Harshly Cleaned as the coins pictured below did.
That should speak to the level of light cleaning on this 16-D.
I'll take the lightly cleaned, much higher detailed coin #2, over a well worn coin lacking design details it was born with, since the price was equal to a VF25. Simply cannot find one with those details for under $12K.
This 16-D was sitting happily in my Dansco fitting right in with the MS Mercs until a supposed expert at a coin show challenged it's authenticity, because it looks that nice in hand and it wasn't in a slab.
So I sent it in to our host for their expert opinion. Who knows, I may just end up cracking it out to fill that hole again and after a few years resubmit.
Happy hunting!
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My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
Honest grade VF is a good place to be on this dime, IMO
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I would need to see both in hand for review to offer a well thought out answer.
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