How do I get accurate valuation on a Mercury Dime 1916-D Graded N92FB rainbow toning?
NerdsLTD
Posts: 20 ✭
My 1916-D came back as 1916-D 10C N92FB. I've examined hundreds of auctions and this is the most beautiful 16-D I've seen that grades right in the middle of the scale. I have a complete set of Mercury Dimes, most of which have a similar beautiful rainbow toning. The image doesn't look like FB to me. I'm hoping to sell this set directly to collectors and want to be sure I'm insisting on a fair price. Any input would be welcome.
Certification #52722604, PCGS #4906
Tagged:
0
Answers
It doesn't grade at all and is not FB; it's a VF details coin. You've got a lot of work to do to straighten yourself out.
Bad strategy; you're better off selling the pieces separately to get a better result, especially the more valuable pieces.
Good. We will hold you to that.
Thanks for the input! VF details. Valuation?
First step is to look up sold listings and see what other VF details examples have sold for.
where will you sell it directly?
This PCGS VF details, cleaned example brought $2880 last November:
https://coins.ha.com/itm/mercury-dimes/1916-d-10c-cleaned-pcgs-genuine-vf-details-mintage-264-000/a/1378-7083.s
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The OP’s coin looks more like XF details.
Its an XF details coin , not bad, but color definitely added to cover some old cleaning, /dipping.
Look at pcgs coin facts prices realized for comparable examples I do know that many dealers who have similar coins try and ask near regular graded prices for examples such as this, (I see it all the time), but they sit. I would run it on ebay, or place in auction if it were me if wanting to sell.
Not sure yet. My real hope is to sell it (and the complete set including over date) to a collector instead of a vendor. These were collected over 40 years and spent another 40 in a closet before I discovered them.
If anything was done to this coin set, it was before 1986 when the collector passed away.
That still allowed for a long period of time for one or more persons to have messed with any of the coins and clearly someone did in the case of the one you posted. But it’s still a valuable coin that will appeal to many potential buyers.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I like the toning, but it doesn't have full bands.
Agreed!
It spent years in a 1950s coin book.
Many coins near it have the same toning.
Key date with color.
Despite details designation, it should appeal to alot of collectors and dealers.
Now the question is where to sell it.
Consigning to Great Collections would be my first choice.
Sell via Ebay is an option but entails risk. Also, do you have a track record of selling coins? If you are just some random guy, expect lowballers.
Coin shows... dealers will pay a fair price for a key date. Shop it around and haggle. Cash in hand beats other two options.
Good luck!
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Thank you! That's solid advice. I'm in no hurry to sell but want it to go to someone who will really appreciate it. I've looked at every historical auction of the same grade and this is still the best looking 1916-D I've seen in this grade.
Regardless, of how it was stored or for how long, the coin looks cleaned in the pictures and in the opinion of PCGS, where it was seen in hand. And as I posted previously, it’s still a valuable coin that will appeal to many potential buyers.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
"Thank you! That's solid advice. I'm in no hurry to sell but want it to go to someone who will really appreciate it. I've looked at every historical auction of the same grade and this is still the best looking 1916-D I've seen in this grade."
You own the coin, you're not its parent. Essentially, every coin that is purchased is later sold so worrying about who the coin ends up with (in the near-term) isn't something that should be high on your priority list, in my opinion. As someone who has been in the hobby-industry for decades I can tell you that I have sold terrific coins to collectors who just had to have it in their collection only to see the collector consign the coin to an auction or another dealer three-months later. Conversely, as a dealer I have purchased coins to offer for sale, but then changed my mind and have owned them for more than a quarter-century. The coin survived forgotten in a closet for decades and it will survive if it changes hands multiple times.
Regardless, it's authentic, valuable and liquid as long as you understand the liquidity will depend upon the price you attach to it. Good luck!
In honor of the memory of Cpl. Michael E. Thompson
More great advice. Thank you @TomB
Thank you all for your input. What an awesome forum!
The coin, while details graded, still has nice eye appeal to many potential buyers and would probably bring a good price at auction. The fact that it is in a PCGS slab is a big plus.
Thank you for the input. Care to suggest a place to sell it? @yspsales suggested Great Collections. Any thoughts?
This coin was in the same book. https://www.pcgs.com/cert/52708478
I also think GC would be the place to go for this coin. They have quick turnaround, low buyer's premium (aka; really seller's premium), the best image team in the industry, fast payments and have built incredible market reach and saturation. This coin has value, but ins't a major rarity, and given its details designation from PCGS would benefit highly from the imaging team at GC.
In honor of the memory of Cpl. Michael E. Thompson
I agree with the suggestions that GC would be a good place for it to be sold.
PCGS didn't call FB so where were you getting that?
If a nation expects to be ignorant and free, it expects what never was and never will be.---Thomas Jefferson, 3rd President of the United States of America, 1801-1809. Jefferson was the primary author of the Declaration of Independence.
don't be harsche
It's a fair question. When I added to coin to my PCGS set registry, this is how it appears in inventory. @MsMorrisine I don't mind the question. @mr1931S I didn't set, nor can I change the grade of a coin in inventory when it was added via a PCGS cert. As such, PCGS did call it a grade that didn't make sense to me. I hope it now seems like a fair question.
I do as well. Your seller's fee will be $0.00 if it closes over $1000, and this coin should clear that amount easily.
That's not a grade, that's an indication that it is a details coin. Details grade coins don't count in the registry as graded.
The grade is "VF details"
All comments reflect the opinion of the author, even when irrefutably accurate.
All comments reflect the opinion of the author, even when irrefutably accurate.
don't be a groupie
If a nation expects to be ignorant and free, it expects what never was and never will be.---Thomas Jefferson, 3rd President of the United States of America, 1801-1809. Jefferson was the primary author of the Declaration of Independence.