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Joshua II Mercury Dime Collection Sale
keyman64
Posts: 15,533 ✭✭✭✭✭
Ok, anyone know where some of the higher prized items went? What do you think about the crazy-high prices they went for?....way higher than PCGS price guide.... How about that $200K 1916-D?
I was forced to pay stupid money for the one coin I bid on. Had another bidder bid just one more increment, they would have owned it and not me since it sold for my max bid. I figure if I hold onto the coin for 20+ years I might be able to make 50 cents on it. Wow! The price I paid makes me a little sick to my stomach actually. Oh well, sometimes you have to go BIG or go HOME....and pay good money for good coins. Paying this much killed my plans for two other acquisitions this month or next.
I will share my new toy when I get it.
Greg
I was forced to pay stupid money for the one coin I bid on. Had another bidder bid just one more increment, they would have owned it and not me since it sold for my max bid. I figure if I hold onto the coin for 20+ years I might be able to make 50 cents on it. Wow! The price I paid makes me a little sick to my stomach actually. Oh well, sometimes you have to go BIG or go HOME....and pay good money for good coins. Paying this much killed my plans for two other acquisitions this month or next.
I will share my new toy when I get it.
Greg
"If it's not fun, it's not worth it." - KeyMan64
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
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I disagree with your notion that you'll have to wait two decades to turn over the coin for a profit.
I followed the sale of these Mercs online - the quality was breathtaking. Always loved the design, but I must be disciplined and not allow myself to get overextended, so I forgo the series for now and for the near-to-long-term future. That red 'bid now' button seemed to get pretty darn big at times.....
My basic point is this: you may think you overpaid, but I contend you did not. Obviously, neither one of us will know until you go to sell.
Quality means money in this hobby, even more so at the high end. Those Joshua dimes were unquestionably top-notch quality.
Congratulations on your purchase.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
More about the 1916-P dime later.
<< <i>This Joshua II fellow collecting habits is starting to annoy me.
As soon as he completes a set he sells it and moves onto to another set.
The rest is best left unsaid. >>
Finally, somebody says it.
What wrong with moving on to another series.
I see nothing wrong with it.
The owner is a true gentleman that I am proud to have meet and admire.
I know he has given graded coins away to registry set owners.
Now how many can claim that!
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>This Joshua II fellow collecting habits is starting to annoy me.
As soon as he completes a set he sells it and moves onto to another set.
The rest is best left unsaid. >>
What type of holding period would you like to impose upon him, once he has completed his set? How long does he need to try to improve upon it, before moving on to another set which offers a new and exciting challenge? I think there are much more worthy things to be annoyed by, and am sorry you feel that way about such a nice person and fine collector.
I am saddened each time a collector sells a set so soon after completing it. He has done this with the mercury dime set not once but twice or possibly even three times. I am not questioning the fine individual who has put such wonderful sets together as I have only raved about the wonderful coins he collects.
Believe me, I have also yelled at dpoole right to his face when he shifted from cents to quarters to 3cn's in the blink of a eye. He understood my thoughts.
What I do not understand is that after all the effort to put a wonderful set together then the collector doesn't even give himself enough time to enjoy looking at the fruits of his accomplishment.
Dpoole has admittedly gone from one kind of a set to another to another.
I keep seeing joshua reassemble his mercury dime sets over and over again and it simply mystifies me.
I do not like being mystified.
Again, it is not a matter of questioning joshua/ally himself, that MUST be made clear.
<< <i>I keep seeing joshua reassemble his mercury dime sets over and over again and it simply mystifies me.
I do not like being mystified. >>
Not everybody likes to collect in the same way. I'd think it's possible he does what he does because he enjoys doing it.
<< <i>Not everybody likes to collect in the same way. I'd think it's possible he does what he does because he enjoys doing it. >>
I know, I know. Then that means Joshua III is coming up soon.
Just stop. Go eat dinner or something...Geez.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Ok, I will try to discuss your question.
The question is two-fold. I have some of joshua I merc dimes which he sold after 2002 (hmm, it was 2000? wow I am off on my timeline!) so this set was probably started after that date unless it was collected without anyone knowing it. I was not at the auction so unfortunately, I did not track the buyers. They will surface in due course, a few in dealer inventories.
Now as to the coins themselves.
The first one:
That 1916-P mercury dime in MS-68FB is the finest mercury dime I have ever seen. It has HEADLIGHTS! Better than all of the MS-69FB 1939-D dimes I have seen. True, it is the early design but it should not be penalized for having the great early mercury design.
Did anyone ever study it? Awesome,awesome,awesome.
It is worth every penny.
Many of his coins were phenomenal. For the most part, his non CAC stickered coins did not appear to sell for the crazy prices. However, it would interesting to study that in more detail to confirm that.
Now is that better? I will also take your advice and go to dinner.
http://www.pcgs.com/setregistry/Composite.aspx?c=68
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Now that the set is sold, why is it still listed as Current Finest? Are they waiting until all payments have been received and coins mailed out to new owners? >>
Give him time to get around to it. Either that or I imagine when the PCGS's staff return to their offices next week they will take care of it? Unless they all go on vacation next week to recuperate from the ANA show??????
As far as the selling goes, it was his work effort, and his decision to hold or sell. I don't see how that is even an issue for discussion here.
<< <i>
Give him time to get around to it. Either that or I imagine when the PCGS's staff return to their offices next week they will take care of it? Unless they all go on vacation next week to recuperate from the ANA show?????? >>
I'm not in any hurry. It's not like I have my new toy in hand yet. I sold a few of my reg set items and as soon as I placed them on eBay, I removed them from my sets....just me I guess though.
I figure a few people that were taking posession of the coins in person might be trying to add them to their sets...if they play the set game that is. No biggie, I'm not going anywhere and it will probably be about 2 weeks before I get my one toy....and at that time is when I might get anxious.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
In a way it is actually good as that allows spectacular coins to return to the market and not be buried for 30 years or until the heirs decide to sell. As someone who enjoys watching sets be built and then shared when the auction does occur, I do not think this is a bad practice.
The Joshua II set was amazing, as was the recent Barber Half set that just sold. Let's all be happy that these delightful coins are available to many and not locked away forever.
Just MHO.
I appreciate all the kind words from my fellow collectors.
The time table for my sets is the following:
Birth of grandson Joshua in Dec. 1998 and the sale of Joshua I in October 2000 in Long Beach.
Birth of my grandaughter Alison (Ally) August 2000.I assembled a set of Walkers named for her.
After selling Joshua I, I realized that I enjoyed the Mercury dime series and had learned so much about them that I thought that I could build a better set. At Central States in 2001 the opportunity came along to purchase some of Bill Dominick's then number one rated set. I was able to purchase many of his key dates including the amazing 16-D in 67FB. After acquiring these pieces it was fairly easy to complete the set that year. Over the next couple of years I was able to acquire many high grade peices to pick from and compare and to pick what I thought was the best piece. Not necessarily the highest graded piece at that time but the one I liked. At one point I had in my possession two 16-D 67fb (I have never seen another 67fb besides these two - the pop report is inaccurate) and the Dominick piece was by far the best. I had both 19-S in 66FB (I don't think the 67FB exists - there is one non full bands in 67), four 23-s in 66fb one of which went into a 67fb but I liked mine better. I was fortunate to be financially able to do this and be able to know some of the best Mercury dime dealers in the business that allowed me to view as many coins as possible. To me this is how you get the finest pieces for a collection.
I sold the set in auction after having it complete for nine years. The last four the improvements have been hard to acquire. I found that I didn'y look at the set as often as I would have liked and decided that it was time for other collectors to own these magnificent coins. That and the fact that Lily was born on Easter in 2009. Even though her set is complete (Barber Dimes), I will try to improve it.
I enjoy the challenge of putting a set together and will embark on another in the near future. Probably to be named Ali - she has since decided that she likes this spelling better. The joy of grandchildren.
The auction was exciting. I know that Laura bought some of the better pieces for her client(s). Beyond that I don't know who bought them but time will tell. The prices were high on some coins that deserved them and low on pieces that have suddenly become common. That is the disadvantage in holding sets for a long period of time. When I bought the 25-P in 67FB it was the finest known. Today there are about 27 in 67FB with 3 in 68FB. Now it is common and worth a fraction of what I paid for it. That is the risk one takes. But the true rarities such as the 16-D, 18-S, 19-D, 20-S etc. will always be worth good money.
The Boston show was great. I was able to speak with Dr. Duckor this morning and talk about what I belive was the first two hall of fame sets to be auctioned. His Barber halves were unbeliveable. He offered advice on what he thought I should collect next. One Thurs. I was talking to a dealer when Harold Kritzman who owned the 20-S 67Fb walked up and spoke to me about the birth of full split bands. This is what makes collecting so much fun.
Thanks for your posting.
I thought it was a difficult procedure to "retire" a top rated set.
That 1916-P dime of yours simply blew me away. I have never seen a nicer mercury dime. I stared at it for 30 minutes Wednesday at 6:30pm while my car travelling friends almost left for home without me in disgust (after 2 days in Boston).
Lane
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces