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Need to know what to expect coin dealer to pay for 1916 D Mercury Pictures Added

BIGBEN7BIGBEN7 Posts: 393 ✭✭
edited September 21, 2017 6:09AM in U.S. Coin Forum

I am going to the VA ANA coin show in Fredericksburg VA on Saturday and looking to sell my 1916 D Mercury dime graded PCGS 30. I have not been to a coin show in a long time and was wondering if the dealers use greysheet to buy coins or will I get a reasonable offer. I really don't want to sell on EBay giving the horror stories you read about on his board. Just trying to gauge on what I should expect. Trying to fund a recent purchase but don't want to give the coin away.

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    oih82w8oih82w8 Posts: 11,900 ✭✭✭✭✭
    edited September 20, 2017 7:40AM

    Key dates normally bring better prices than common dates in accordance with price guide values.

    Eye appeal is a big factor as well. CAC? Old Green Holder?

    Here are some numbers for a VF30 PCGS 1916-D (no CAC or OGH)

    Prices Realized for PCGS / VF30, unusual grade for past auctions, with not much recent activity.

    If I was to guess...high $3K...your mileage of course will vary. I would get a couple of dealers opinions before you sell.

    1916-D United States Mercury Dime. Certified by PCGS Very Fine 30. The Key Date!
    09/28/15 11:49 AM via ebay
    Sold at auction 1 year, 11 months ago VF30 $4,225.00

    1916-D 10c PCGS VF30 - Key Date - Mercury Dime
    04/15/14 10:21 PM via ebay
    Fixed price sale ended 3 years, 5 months ago VF30 $5,250.00

    1916-D MERCURY DIME GRADED BY PCGS IN VERY FINE 30
    02/19/14 12:50 PM via ebay
    Sold at auction 3 years, 7 months ago VF30 $4,000.00

    1916-D Mercury Dime, PCGS VF30 - Very Nice Coin, Rare Key Date!
    08/06/13 11:57 PM via ebay
    Sold at auction 4 years, 1 month ago VF30 $3,490.00

    http://coinsociety.com/prices_realized/view/4906/0/0/0/0/0/PCGS/VF30

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
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    jmlanzafjmlanzaf Posts: 31,935 ✭✭✭✭✭

    @oih82w8 said:
    Key dates normally bring better prices than common dates in accordance with price guide values.

    Eye appeal is a big factor as well. CAC? Old Green Holder?

    Here are some numbers for a VF30 PCGS 1916-D (no CAC or OGH)

    Prices Realized for PCGS / VF30, unusual grade for past auctions, with not much recent activity.

    If I was to guess...high $3K...your mileage of course will vary. I would get a couple of dealers opinions before you sell.

    1916-D United States Mercury Dime. Certified by PCGS Very Fine 30. The Key Date!
    09/28/15 11:49 AM via ebay
    Sold at auction 1 year, 11 months ago VF30 $4,225.00

    1916-D 10c PCGS VF30 - Key Date - Mercury Dime
    04/15/14 10:21 PM via ebay
    Fixed price sale ended 3 years, 5 months ago VF30 $5,250.00

    1916-D MERCURY DIME GRADED BY PCGS IN VERY FINE 30
    02/19/14 12:50 PM via ebay
    Sold at auction 3 years, 7 months ago VF30 $4,000.00

    1916-D Mercury Dime, PCGS VF30 - Very Nice Coin, Rare Key Date!
    08/06/13 11:57 PM via ebay
    Sold at auction 4 years, 1 month ago VF30 $3,490.00

    http://coinsociety.com/prices_realized/view/4906/0/0/0/0/0/PCGS/VF30

    In other words...GREYSHEET.

    Greysheet VF20 is 3100, XF is 4500.

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    Coin FinderCoin Finder Posts: 6,953 ✭✭✭✭✭

    I would post it on the boards here with a good picture. Let us see it!! What a great coin to have!

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    jmlanzafjmlanzaf Posts: 31,935 ✭✭✭✭✭

    @BIGBEN7 said:
    I am going to the VA ANA coin show in Fredericksburg VA on Saturday and looking to sell my 1916 D Mercury dime graded PCGS 30. I have not been to a coin show in a long time and was wondering if the dealers use greysheet to buy coins or will I get a reasonable offer. I really don't want to sell on EBay giving the horror stories you read about on his board. Just trying to gauge on what I should expect. Trying to fund a recent purchase but don't want to give the coin away.

    Greysheet.

    Which is reasonable on the 16D dimes. They are common enough and trade frequently enough that they are in-line. If anything, Greysheet is too high on these. As I posted above Greysheet VF20 is 3100, XF is 4500.

    Last two Heritage sold (with BP) are 3290 (PCGS) Jan 2017 and 3642 (PCGS, CAC) Jan 2016.

    I would guess dealer offers would be around $3000 without CAC, maybe $3500 with CAC.

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    I understand how to research auction prices but my question is what % of auction prices should I expect from a dealer.

    image
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    jmlanzafjmlanzaf Posts: 31,935 ✭✭✭✭✭

    @BIGBEN7 said:
    I understand how to research auction prices but my question is what % of auction prices should I expect from a dealer.

    10-20% less on most things unless they have a buyer. The reported auction price usually includes the 15-17.5% (now 20%) buyer's premium. If I have a buyer for a 16-D (and it's common enough that I might), I would be around 10%. If it's for inventory or for me to place in auction myself, more like 20%.

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    TwoSides2aCoinTwoSides2aCoin Posts: 43,848 ✭✭✭✭✭

    I tried phishing here, once. :open_mouth:

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    keetskeets Posts: 25,351 ✭✭✭✭✭

    back 20%, maybe less if the dealer has a waiting customer.

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    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

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    jmlanzafjmlanzaf Posts: 31,935 ✭✭✭✭✭
    edited September 20, 2017 10:44AM

    @Wabbit2313 said:
    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

    Actually, if you open a store for a month for $20 (less than 1% of the coin price), you only pay 6.15% on the eBay sale + PayPal. Total fees end up in the 9-10% range.

    That said, I know that I personally will pay more at Heritage than on eBay. Trust factor.

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    TPRCTPRC Posts: 3,739 ✭✭✭✭✭

    @jmlanzaf said:

    @BIGBEN7 said:
    I am going to the VA ANA coin show in Fredericksburg VA on Saturday and looking to sell my 1916 D Mercury dime graded PCGS 30. I have not been to a coin show in a long time and was wondering if the dealers use greysheet to buy coins or will I get a reasonable offer. I really don't want to sell on EBay giving the horror stories you read about on his board. Just trying to gauge on what I should expect. Trying to fund a recent purchase but don't want to give the coin away.

    Greysheet.

    Which is reasonable on the 16D dimes. They are common enough and trade frequently enough that they are in-line. If anything, Greysheet is too high on these. As I posted above Greysheet VF20 is 3100, XF is 4500.

    Last two Heritage sold (with BP) are 3290 (PCGS) Jan 2017 and 3642 (PCGS, CAC) Jan 2016.

    I would guess dealer offers would be around $3000 without CAC, maybe $3500 with CAC.

    My guess is that this is pretty close to being spot on. I will be at the Frederick show on Saturday morning. While I have no interest in the coin, I would be happy to look at it for you, in case you are not confident in your grading skills. In any event, there will be a number of reputable dealers to choose from there. The Reeded Edge comes to mind, as they usually attend, but there are others. You are right to inquire though as you will be asked what you are asking for it.

    Tom

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    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @jmlanzaf said:

    @Wabbit2313 said:
    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

    Actually, if you open a store for a month for $20 (less than 1% of the coin price), you only pay 6.15% on the eBay sale + PayPal. Total fees end up in the 9-10% range.

    That said, I know that I personally will pay more at Heritage than on eBay. Trust factor.

    On a 5-10K coin at Heritage, they will keep 30% of the final sale price. Who would ever sell a coin there unless your last name ends up in Forbes sometimes?

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    MsMorrisineMsMorrisine Posts: 32,218 ✭✭✭✭✭

    even 10% back makes it seem a better deal to sell on ebay

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    ms70ms70 Posts: 13,946 ✭✭✭✭✭

    I'll bet you can sell it here on the BST for a fair price before day's end.

    Great transactions with oih82w8, JasonGaming, Moose1913.

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    coindeucecoindeuce Posts: 13,472 ✭✭✭✭✭

    @BIGBEN7 said:
    I understand how to research auction prices but my question is what % of auction prices should I expect from a dealer.

    Why don't you just ask each one of them what their daily cost of operation is, and what their specific carrying cost would be for this coin. You might get a quicker answer. And if the dealer is not a consignor to auctions that report prices realized, how would your question be relevant anyway ?

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

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    yosclimberyosclimber Posts: 4,596 ✭✭✭✭✭
    edited September 20, 2017 3:38PM

    PCGS Auction Prices Realized
    https://pcgs.com/auctionprices/details/1916-d-ms/4906/4907
    Shows the following recent results for PCGS VF-30 1916-D 10c:
    PCGS DATE PRICE GRADE CERT FIRM SALE LOT NOTES
    4906 Jun-2017 $2,938 VF30 PCGS Ira & Larry Goldberg The Pre-Long Beach Auction June 2017 [US Coin Sessions] 815
    4906 Jan-2017 $3,290 VF30 PCGS Heritage 2017 January FUN US Coins Signature Auction 4704
    4906 Jan-2016 $3,643 VF30 PCGS Heritage 2016 January FUN US Coins Signature Auction Tampa 4919 CAC Ex. Stack's June 2009 Lot 303
    4906 Dec-2015 $3,850 VF30 PCGS David Lawrence RC Internet Auction 887 8083
    4906 Sep-2015 $4,225 VF30 PCGS eBay eBay Sales in September 2015 2519

    So $2900 looks current.
    And offers could be 10-20% below that.

    You also have the option of selling at Great Collections, which is more secure than ebay and could net you more than at Heritage. The owner Ian Russell posts here.
    greatcollections.com/

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    jdimmickjdimmick Posts: 9,600 ✭✭✭✭✭

    Place a pic on here, so we can see what it looks like. I might would ride up an meet you to buy it, have a customer for one, as long as its nice looking. But if you go to the show, there will be plenty of dealers interested in this at a fair price, incl reedededge as mentioned.

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    jmlanzafjmlanzaf Posts: 31,935 ✭✭✭✭✭

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:
    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

    Actually, if you open a store for a month for $20 (less than 1% of the coin price), you only pay 6.15% on the eBay sale + PayPal. Total fees end up in the 9-10% range.

    That said, I know that I personally will pay more at Heritage than on eBay. Trust factor.

    On a 5-10K coin at Heritage, they will keep 30% of the final sale price. Who would ever sell a coin there unless your last name ends up in Forbes sometimes?

    No, they generally get 20%. Anyone with a mouth gets 0% selling fees on a 5-10k coin. Why would you sell there? Because you get visibility and protection that doesn't exist in other venues.

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    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @jmlanzaf said:

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:
    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

    Actually, if you open a store for a month for $20 (less than 1% of the coin price), you only pay 6.15% on the eBay sale + PayPal. Total fees end up in the 9-10% range.

    That said, I know that I personally will pay more at Heritage than on eBay. Trust factor.

    On a 5-10K coin at Heritage, they will keep 30% of the final sale price. Who would ever sell a coin there unless your last name ends up in Forbes sometimes?

    No, they generally get 20%. Anyone with a mouth gets 0% selling fees on a 5-10k coin. Why would you sell there? Because you get visibility and protection that doesn't exist in other venues.

    Have you tried it lately Skippy? Not any more! You will pay the 10% unless you come bearing many an expensive coin. (Or you bought the coin from them in the first place.)

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    jmlanzafjmlanzaf Posts: 31,935 ✭✭✭✭✭

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:
    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

    Actually, if you open a store for a month for $20 (less than 1% of the coin price), you only pay 6.15% on the eBay sale + PayPal. Total fees end up in the 9-10% range.

    That said, I know that I personally will pay more at Heritage than on eBay. Trust factor.

    On a 5-10K coin at Heritage, they will keep 30% of the final sale price. Who would ever sell a coin there unless your last name ends up in Forbes sometimes?

    No, they generally get 20%. Anyone with a mouth gets 0% selling fees on a 5-10k coin. Why would you sell there? Because you get visibility and protection that doesn't exist in other venues.

    Have you tried it lately Skippy? Not any more! You will pay the 10% unless you come bearing many an expensive coin. (Or you bought the coin from them in the first place.)

    Yes, sold a $6000 large cent earlier this year. Second coin in 4 years, by the way, I'm not a regular. I asked them if I could get zero or I'd submit through a dealer who gets negative 3%. They said zero is fine.

    I'm sure if you call them with 50 $100 coins you won't get zero. But a 5-10K coin, no problem, Scooter.

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    keetskeets Posts: 25,351 ✭✭✭✭✭
    edited September 20, 2017 11:55PM

    welcome to the forum, jmlanzaf, I hadn't seen you post before.

    at first glance some others have assumed you lack experience, hence the "attitude" and silly name calling from Wabbit. I would say game/set/match to you. :)

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    BillJonesBillJones Posts: 33,484 ✭✭✭✭✭
    edited September 21, 2017 3:10AM

    Without pictures it's hard to put a value on this piece. A low end example for the grade will bring a lower price than a high end example.

    When I was a dealer I would have had a very strong interest in this coin if it was proper graded. The 1916-D Mercury Dime almost always seems to come in AG-3. Those coins seem to be common, and are (or were) available at most any decent sized show. Anything above that, especially in the middle grades like VF-30, is not often seen. Many collectors would be interested in a coin like that.

    I would think that you should get more than 20% in back of Gray Sheet bid for this piece because it is a famous key date. Big discounts like that are for common stuff, like modern Proof sets.

    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 ... ?
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,848 ✭✭✭✭✭
    edited September 21, 2017 5:33AM

    Bottom line : expect nothing. You'll get something. We don't always like what we get. But it's typically crap around here. It is served up daily, Scrappy. LOL.

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    TwoSides2aCoinTwoSides2aCoin Posts: 43,848 ✭✭✭✭✭
    edited September 21, 2017 5:37AM

    This space for rent.

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    image
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    Here are the pictures of the coin. Not phishing here just wanted honest opinion.

    image
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    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @keets said:
    welcome to the forum, jmlanzaf, I hadn't seen you post before.

    at first glance some others have assumed you lack experience, hence the "attitude" and silly name calling from Wabbit. I would say game/set/match to you. :)

    @jmlanzaf said:

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:
    Not sure why you would not list it at Auction on eBay and have it sell for it's true value? You will pay about 13% in fees when done.

    Actually, if you open a store for a month for $20 (less than 1% of the coin price), you only pay 6.15% on the eBay sale + PayPal. Total fees end up in the 9-10% range.

    That said, I know that I personally will pay more at Heritage than on eBay. Trust factor.

    On a 5-10K coin at Heritage, they will keep 30% of the final sale price. Who would ever sell a coin there unless your last name ends up in Forbes sometimes?

    No, they generally get 20%. Anyone with a mouth gets 0% selling fees on a 5-10k coin. Why would you sell there? Because you get visibility and protection that doesn't exist in other venues.

    Have you tried it lately Skippy? Not any more! You will pay the 10% unless you come bearing many an expensive coin. (Or you bought the coin from them in the first place.)

    Yes, sold a $6000 large cent earlier this year. Second coin in 4 years, by the way, I'm not a regular. I asked them if I could get zero or I'd submit through a dealer who gets negative 3%. They said zero is fine.

    I'm sure if you call them with 50 $100 coins you won't get zero. But a 5-10K coin, no problem, Scooter.

    Like I said, try it now. Two days ago I was told they will keep the full 30%, and it was on a coin worth more than 6K. This was after they called me, like a telemarketer.

    But what do I care. Sell it for a 20% scalp job. On the coin above, eBay is the way to go.

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    You could offer it on the BST here and if the bids are not to your liking take it elsewhere. The BST has provided many of us good buys... and, though I do not sell, it obviously is also a good sales venue for many members. Cheers, RickO

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    TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    Need to know what to expect coin dealer to pay for 1916 D

    easy: Less than you want

    Frank

    BHNC #203

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    skier07skier07 Posts: 3,690 ✭✭✭✭✭

    Send the coin to Great Collections and have them send it to CAC and then sell the coin on their auction. Let the free market determine the value of the coin. You're no longer taking the worst of it as a vest pocket dealer at a show and GC does all the work for you.

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    19Lyds19Lyds Posts: 26,472 ✭✭✭✭

    @Treashunt said:
    Need to know what to expect coin dealer to pay for 1916 D

    easy: Less than you want

    Took the words right outta my mouth.

    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!

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