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A once in a lifetime find (long)

n/t
 
And if you don't mind, keep us updated on the grading process and what it's valued at and if you sell it, what you get out of it. If it's not being too nosey, I'm sure we'd all be interested.

Dave
 
No problem, I started the process I had to get in touch with a coin dealer so I can submit the coin. I probably wont be selling it at least right now, but i will keep everyone up to date...HH Ray
 
That is one fantastic find, I found the 1895-o barber dime a few years back so they are out there. I don't think its going to grade XF though, F to VF most likely. Here is a pic that shows the full split bands, there is a fair amount of ware on yours but I will say yours is far and away better than the few others I have seen dug. Most have been About Good to Good.
 
Red book is only a rough and I mean rough guesstimate

The best thing to do is search the auctions on-line (NOT E-BAY) and look at what coins similar to yours is selling for, it can be an eye opener at times.

I will have to look at the photo of Ray's dime again, but from what I see and what I have seen sold on auctions sites, I would say it is worth more than the $4000, but before I make my "official" guesstimate I want to see the differences between some that have recently sold.

It is a great find to get one in that good of shape, not too many modern coins that can be found that are worth so much due to collector demand.

Don in SJ
 
Ray, congratulations of a find we all dream about finding. Below are three links about grading services. The first one is a survey on the best grading services. The best rating was PCGS and NGC services. These are two good companies to deal with. I think if you submit the coin you must become a member and pay dues. However, you can submit it through a coin dealer. Be careful on the dealer you select and make sure you are dealing with a reputable dealer or it could cost you dearly. Know the value of the coin before making a commitment to sell.

http://www.bestcoin.com/Coin-Grading-Survey-Results.htm

http://www.pcgs.com/

http://www.ngccoin.com/
 
Great find Ray!You must have been smiling from ear to ear.

I've found one 1916 merc and it wasn't the good one, but it was fun finding it. WTG!
 
I have a theory that makes a prety good selling point for our hobby. coin collecting gained popularity through out the twentieth century, and as it did, one of the things that happened was that people started keeping the rare coins making them even more rare. as time passed coins were constantly being lost, worn out and recycled by the mint. eventualy, we went to a different style coin all together, and as a final blow, we went to the clad coinage in 1965, and almost all circulating silver was gobbled up. So, the odds of finding one in your change are astronomical. But our odds are far better. chances are when Ray's coin was lost, it was very close to the date it was minted. At that time 1916 D represented 0.8% of 1916 dimes minted. In otherwords, If you find 124.8 1916 dimes, one of those will be 1916 D!
Granted, we dont find many 1916 dimes (D, S, or plain) in one years time, but you can tweak those odds as well. Hunt a spot that saw heavy traffic between say 1916 and 1928. Even better, find a spot on a fairgrounds where they sold bottles of soda. They were a nickel apiece, but you can bet that the gentleman was either buying one for his lady freind as well, or he was going to get some change back which most likely had to contain at least one dime.
One more thing, when you do find this spot, invite me to help you hunt it!:tongue:
 
I've been collecting coins for over 30 years and even thought the Merc. is a fantastic find and in great shape, I'd say VF to a low grade EXF. Of course I have not seen it in person and had a chance to loupe it but it's still a wonderful find and I'm extremely jealous because I've been trying to "invest" in a 16-D Merc over the past couple of years and can't find the right one for the price just yet. Having said all that....'pends if your selling or buying. If I'm buying, it's VG....... if I'm selling, it's AU. LOL.

therick
 
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