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Old 12-20-2012, 02:02 PM   #1
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Mercury Dimes

Thinking of buying a bag or three of 90% coins.

The premiums on Walking Liberties and Franklin Halves have shot up $0.50 in the past 2 weeks, so Mercury Dimes are en vogue.

What's the opinion on Mercury Dimes around here?
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Old 12-20-2012, 02:30 PM   #2
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I love them. Go for it.
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Old 12-20-2012, 02:37 PM   #3
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@ superhero

Seconded! Just don't buy all your silver at one time. Scale in. Buy now, buy later!

Don't forget about fractional gold (1/4th oz, 1/10th oz, etc.), although 1/10th oz Eagles are now not available in the city where I am.
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Old 12-20-2012, 07:16 PM   #4
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Like Penn said, love em, got a bunch. Bough some rolls when junk silver wasn't cool (think it was 50-60 dollars a roll.) Boy those days are gone. Interesting video out there about how the average wage for most of mankind was one dimes worth of silver a day.
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Old 12-20-2012, 07:40 PM   #5
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The deal with Mercury dimes vs. other forms of 90% is [potential] wear. If you are buying based upon face value (ie. buying a bag of $100 face or whatever), you can get shorted a bit on silver content if the dimes are well worn. It's best to buy Mercury dimes by weight (troy ounces).

The reason half dollars usually command a slight premium for 90% is because they are generally in great condition (little wear) and retain their full silver content.
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Old 12-20-2012, 08:46 PM   #6
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easier to read the date for those of us older- where as roosevelts can be hard to read
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Old 12-21-2012, 06:47 AM   #7
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heres ONE video about it, there are many out there....:


snip:
The silver value´╗┐ in a denarius is $2.40. That is the very most an average ancient worker was paid per day. If you make significantly more than $2.40/day, you are doing LIGHT YEARS better than the worker 2,000 years ago. Sounds like silver is a bargain to me.

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Old 12-22-2012, 06:44 PM   #8
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The retailer in mind must be reading my posts. They increased the premium on walking liberties when I was getting ready to purchase, now they've increased the premiums on Mercury dimes just as I'm getting ready to buy.

FWIW, when I first joined the site, I was figuring out what would "cost" the least in terms of premiums if I bought and sold, i.e. what premium do I pay when I buy, and how much over spot do I get back if I sell.

My conclusion then and now is buy maples and ASEs from Goldmart and sell to APMEX. You lose $0.89 per oz. 90% silver used to make sense, but 90% seemingly becoming more scarce and premiums going up, it doesn't pencil out anymore.
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Old 02-20-2013, 11:27 PM   #9
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Right now I am paying a 3% premium for dimes, quarters and halves at my local coin shop. No shipping or insurance cost either. Is this typical?

BTW: the last time I went into my local shop, he said that he is running out and no one was selling. Is this also happening around the country?
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Old 02-21-2013, 06:18 AM   #10
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Hi klickitat, welcome to the forum.

The premiums for 90% silver fluctuate based upon the supply/availability. I just checked Tulving and they are completely sold out of 90% silver. There's a good chance that your LCS is telling you straight - supply is tight.
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Old 02-28-2013, 09:15 AM   #11
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I buy Roosevelts due to the wear factor.
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