Which Coin and Why ?
Fairlaneman
Posts: 10,424 ✭✭✭✭✭
Hello Folks:
A question for everyone not just Merc Dime Guys. I will use 2 different Mercs for the question but you could sub your own 2 coins for your answer.
First coin is a MS64 1927D Merc. PCGS Pop is 27 with 20 higher. Bluesheet is $340
Second coin is MS67FB 1944P Merc. PCGS Pop is 49 with none higher. Bluesheet is $435
Which Coin would You rather have and why ?
Ken
A question for everyone not just Merc Dime Guys. I will use 2 different Mercs for the question but you could sub your own 2 coins for your answer.
First coin is a MS64 1927D Merc. PCGS Pop is 27 with 20 higher. Bluesheet is $340
Second coin is MS67FB 1944P Merc. PCGS Pop is 49 with none higher. Bluesheet is $435
Which Coin would You rather have and why ?
Ken
0
Comments
In general, I'd opt for the coin that best fits into my collection. Between the two you describe, I'd pick the 44P because I'd like my Mercs to be 67FB for the most part for the years between 1934 to 1945. I guess this choice shows that I am not much of a speculator because I'd select the higher pop/higher price coin if it best fits into my collection rather than buy the lower pop/lower price coin and hope for a substantial price rise...
But this is an interesting question--I want to see what others say.
Mark
Walt
I agree both coins are hard to find but what are your chances of making another 27D at PCGS versus the 44P ? Which coin has the greater chance to depreciate as we all saw happen in the late 80's and early 90's ?
Mark:
I can go along with which one is needed for the respective set. On this lets assume both are needed. I did not want to imply speculation with this but speculation and depreciation is something I am sure we all think about when assembling our different sets. Lets use this factor also in your reasons for the choice of coin.
I did not give My choice originally but it is the 27D hands down with no after thought at all. The reason is that early date mint marked Mercs are way under priced and very tough to locate nice not necessarly in that order. Locating them is the tough part which also can be true with a few later dates also. Some speculation here but the main factor is the Rarity with the probablity that very few more will be made of the early dates.
Am I all wet with this ?
Ken
My Dimes
<< If it's worth doing, it's worth doing right the first time! >>
Tim
You are correct. I used the NGC MS67FB Pop which is 49.
Somedays a guy can't do anything correctly. My Humble apology !
Ken
As an economist, I think of the price of a product being determined by supply and demand. Now, between the two coins you mention, I instantly agree that the 27-D is scarcer. So the supply of the 27-D is less than that of the 44-P. But the demand for FB dimes exceeds that for non-FB dimes. So the demand for 44-P is signficantly greater than the demand for the 27-D. The larger demand for the 44-P dominates so that the current price for the 44-P exceeds that of the 27-D. Now, I expect that the supply of either coin isn't terribly likely to change too much, so for the price of either to drastically change, there must be a signficant change in demand. If you think people will realize the scarcity of mint-marked Mercs in the 20s, regardless of their FB or non-FB status, then the demand for the 27-D will increase. In this case the 27-D will be the wiser purchase. But if you think that there will be a continual increase in the demand for FB dimes relative to the demand for non-FB dimes, then the 44-P will be the better purchase. Myself, I say: "Who knows? Buy 'em both and enjoy 'em both!"
Mark
There's a '27-D 64FB in next Monday's TT. Not a bad looking coin, but I don't know how they arrived at their estimate of $1950-$2350 for it. Greysheet bid is only $1025. I hope that's not an indication that the reserve is in the $2000 range; it'll never sell for that much.
Bought a couple of Mercs this week (finally!); one's an addition, and one's an upgrade. They should be in my set by next Friday.
Jim
No question, the 27-D in a heartbeat. For the same reasons as Dennis and prooflike. I know how tuff the 27-D is in any mid to high MS grade. I finally got mine in 65 no bands from the Heritage auction in NY. Haven't got the coin yet, but it looked real nice and I called and had it described to me.
IMHO Full Bands are over rated. I know if you have looked at my set you are saying that at 86% FB that's not reflected. But let me just say this. I'll buy that tiny extra bit of silver if it doesn't cost too much. For example the 27-D. My 65NB cost less that a 64FB. And those bands on my 65 would cost another 6000 or more. In that case it is just not worth it to me. Another is the 18-D. I have a 63FB in my set because it was nice and not too big in cost, but for half the money I could have a 65NB!! I would much rather have a 65 nicely struck but the bands are just not quite there for half the money of a 63FB and I will probably do that when the right 18-D comes along. And those bands on the 65 would be another 20,000!!! Just think of the extra coins you could buy with that!! Sometimes I think the guy collecting the whole set in no bands is smarter than all of us. He will have a very very very nice looking set when he is done at a fraction of the cost. The hard part for him will be finding some of them that don't have bands.
I feel the same way about FH SLQ's. I try to finf nice 64's where the head detail is real good but not good enough for the FH rating. It looks like it is going to take a while to find a 26-D like that!!
I've rambled enough.
Jon
I could not agree with your more, but then everyone knows I am a No Bands collector. For the obvious reasons I would take the 27-D.. and I need one of those!
Can someone help me out with a population update please. My old Pop report (from the spring) shows the NB 27-P as 2 in 66 and none better. DLRC has two of them for sale right now???
Has the population changed dramatically on these? I am going to buy one if they are havent changed too much.
Rick