damaged coin question 1 1

[Clay1492]

I purchased this dime because of its rarity and the price seemed right. My question is about the post mint damage on it, mostly on the obverse near the bottom. I know almost nothing about grading but thought the coin, if it wasn't damaged would be considered a fairly decent example. Does the damage make it worthless or is there still some value?  1842o.   I paid forty bucks.   Thanks!

[RWB]

Badly damaged and corroded. It might be worth $5, but finding a buyer would be very difficult when a nice VG is reasonably priced. Yes, it's "rare" but so are collectors of these by date/mint, thus there are plenty of undamaged specimens to meet demand.

Edited March 18, 2022 by RWB

[Coinbuf]

Yep a touch of bondo and some minor welding and that will be good as new.     I went to just one dealer's website and he has two undamaged 1942-O seated dimes one listed as a Good for $50 and a VG for $75.   How you spend your money is your business, but as you have asked for opinions I think you made a very poor decision to buy this damaged coin.

Edited March 18, 2022 by Coinbuf

[Clay1492]

Thanks guys. That's what i wanted to know. I don't consider it wasted. I call it tuition. I am not fortunate enough to have an acquaintance in the hobby so i am learning the hard way! I appreciate you being straightforward. 

[Hoghead515]

I learned the hard way also. I made some buys on coins that were damaged, cleaned, etc. I wrote them down as expensive learning lessons. Finding this forum is the best thing I ever done. Ive learned a whole lot of these guys.