How likely would you be to buy a 1916d merc ...
LanLord
Posts: 11,714 ✭✭✭✭✭
... on EBay, raw? I was cruising around and there seems like there are a few of them, this is one of those dates where I'd really want a certified coin unless I knew the dealer from whom I was purchasing and trusted him/her well.
Then there is this, horrible picture, can't tell anything about it accept that it is a merc in a holder. People really need to try a bit harder when they are selling something like a 1916d merc. What amazes me is that there are actually 6 bids on it.
Then there is this, horrible picture, can't tell anything about it accept that it is a merc in a holder. People really need to try a bit harder when they are selling something like a 1916d merc. What amazes me is that there are actually 6 bids on it.
0
Comments
Usually the reverse lettering is ground into the rim. This is a very nice looking coin and hopefully by being slabbed it is genuine.
I would have no problem bidding on this coin (within reason).
Joe.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Walt
Walt
In a slab (only PCGS, ANACS or NGC) and only if it stayed within the reasonable level.
This auction - not without better pictures including the entire slab and a close-up of the reverse so that the mint mark was
very clear and verifiable.
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
Also if you supersize the picture, I can see the "D" clearly on my computer (17" monitor).
Joe.
Provided you get the coin pictured, I think you'll get a 16-D. It appears to be a problem coin, but that's another issue.
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
Again, I would not want to pay full retail for it, but I would not have a problem bidding on it.
Joe.
I guess I'm in the minority. I have bought and would buy a 16-D raw, if (and I realize its a big if, the seller will stand behind the authenticity of the coin). I've bought 2 low grade 16-d's raw in the past and both were authenticated and graded by ANACS. Maybe I got lucky but both dealers (and one was an EBAY transaction) confirmed that they would take a return if the coin was determined to be counterfeit.
It is one of the most counterfeited coins, but what I have not read on this thread so far, is the fact that very FEW of the counterfeits are in the low grades. It is NOT usual to see a counterfeit AG-3 or G-4. Most of the couterfeits are in the middle grades....and it makes sense if you think about it. Adding a 'worn out' D mintmark to a low grade coin is more difficult (and the reward less substantial) that adding a regular D to a VF coin.
Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
As for scratches, that’s where the poor picture comes into play. I’ve seen SEGS coins marked for defects that given the grade of coin were hardly worth mentioning. What do you expect to see on a VG coin but a few light scratches? It comes with the territory. Other times the marks were major and probably would have rated a body bag from NGC or PCGS. YOU GOT TO LOOK TO TELL!
Right now a $100 you can’t really go wrong on this coin. I sold an NGC AG-3 recently for over $300.
Now I would be willing to purchase a raw 16-D from a reputable dealer I knew who would be willing to stand behind the authenticity of the coin, but...
About six months ago, I sent emails to over 100 dealers looking for a 16-D as a birthday gift for my wife (she had purchased a few Mercs on trips to the coin shop with me and she was thinking about staring a set). Of the dealers with a raw 16-D in stock, almost none of them were willing to get the coin graded before selling it to me. Of those that had a graded coin in stock, they typically wanted well over Red Book prices (like $600-700 for a G4).
In the end, my diligence paid off. I eventually found this coin in a in PCGS G6 for about $550. Of course I owe a lot to several members of this board who helped me when I was looking for advice in purchasing a 16-D (it was my first MAJOR coin purchase).
Bill, $100 is only the openning bid. Right now the bid is up to $410 with 3 days to go. Based on what I've seen of 16-D on eBay, I expect that coin to evenually go for about $700.
Just kidding, but it is a nice one and a nice price from what I can tell.
my hotels