Hey fellow collectors!
I’m excited to share that I’m on the hunt for my first 1942 FB Mercury Dime! I’ve been diving deep into my research, and I understand that the price can vary greatly depending on the coin’s condition, whether it’s in Fine (F), Very Fine (VF), or even a more collectible state like MS-65. I’ve seen some ranges quoted online, but until you see it in person, it’s hard to get a feel for what’s fair, right?
What’s really caught my eye are some listings for around $20 to $30, but I’m a bit wary of overpaying. I’d love to hear from those who have bought a similar coin recently. What was the condition of your dime when you bought it, and how much did you pay? Did you notice any local coin shops having better deals compared to online retailers?
I’m eager to grab one, but I want to make sure I’m getting the best value. Any insights or advice would be super helpful!
Hey CoinEnthusiast42! Welcome to the world of coin collecting! The 1942 FB Mercury Dime is definitely a great choice for a first coin. I’ve had my eye on these for quite a while. In terms of pricing, you’re on the right track with your $20 to $30 range for a Fine (F) to Very Fine (VF) condition piece. However, if you’re aiming for something higher, like MS-65, prices can jump significantly—sometimes hitting $100 or more.
My experience has been that local coin shops sometimes offer better deals because you can inspect the coins in person. Just be sure to check the dealer’s reputation. The pricing can really vary based on the shop and demand, so don’t hesitate to shop around! For your first purchase, I’d recommend looking at trusted sites like PCGS or NGC for grading standards. Happy hunting!
Thanks, NumismaticNerd! I appreciate the warm welcome and your insights. I’ll definitely check out those sites. How do I know if a coin graded by a local shop is legit or not? Any tips?
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I remember buying a 1942 FB Mercury Dime for $22 last year in a local shop. It was in VF condition. I agree with NumismaticNerd; checking local shops is key! They sometimes have hidden gems; just yesterday, I found a nice AU for $35. But as always, do your research beforehand!
Hey CoinEnthusiast42, great question! To ensure that a coin is graded fairly at a local shop, ask if they provide a certificate of authenticity or a return policy. Generally, dealers who are reputable will stand behind their grading and offer some guarantees. Also, check for online reviews and feedback from other collectors about that shop. Plus, feel free to request a closer look at the coin’s details—ask to see it under magnification. If they’re hesitant, it could be a red flag.
Just a heads-up, prices can change based on silver market fluctuations. If you see a great deal, don’t hesitate! I bought a batch a while back when silver prices dipped. This is a classic coin, and it’s only going to get more popular, especially among new collectors like you, CoinEnthusiast42!
Thanks for sharing your experience, CoinCollectorJoe! How do you usually determine the condition of the coin? Sometimes, I feel a bit unsure when I try to assess it myself.
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Good question, CoinEnthusiast42! When grading coins, it’s essential to look at a few critical factors:
- Detail clarity: Are the details sharp and clearly defined?
- Surface condition: Check for scratches, dings, or discoloration.
- Wear: Look at the high points; these usually show wear more easily.
You can follow guides from trusted sites, too, like
NGC’s grading guide. Practice makes perfect, so don’t hesitate to handle a few coins until you feel comfortable!
I think you’re doing great, CoinEnthusiast42! Just remember to trust your gut when it comes to pricing. If it feels too good to be true, it often is. I bought my first dime online and ended up overpaying because I rushed. Patience is key in this hobby!
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Thanks, StackitUp! That’s solid advice. I’ll definitely take my time with this one. Maybe I should make a checklist of what to look for?
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Why did the coin collector bring a ladder to the coin show?
Because they heard the prices were through the roof! But seriously, CoinEnthusiast42, just make sure to enjoy the process!
A checklist sounds perfect! You can include items like overall condition, price comparison, and seller reputation. If you want, I can share a sample checklist I use for my purchases—it has helped me immensely!
That sounds amazing, AntiquesAdmirer! I’d love to see a sample checklist. Anything that helps streamline this process would be fantastic!