Very good article on my favorite clad.
cladking
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tempus fugit extra philosophiam.
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cladking
Posts: 28,733 ✭✭✭✭✭
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Out of the 3 rolls I opened this weekend (1965, 1966 and 1969-D) I have a single submission candidate.
I have two more rolls to go - the 1967 roll that looks like it might be pretty nice, and the 1978-P roll that might have a few nice coins as well. I decided to open the rolls and take a tax loss (against other gains) for the fun of potential discoveries.
I knew it would happen.
I always appreciate learning something new. I am not much of a modern coin fan but knowing that some of them are rare keeps me from disregarding them entirely. Seems like people saved the first few years of clad coinage by the rolls but after 1967 they all seem to have disappeared. They were never really saved much (clad rolls after 1967) or if they were after 20-30 years of being worth only face were spent or returned to banks and circulated. I think that it would be quite a feat to try to put together today a date/mm original bank wrapped roll set from 1965-1998 (dimes and quarters) although some of the later dates seem quite available. While still very do-able it may be tougher then you think. JMO.
Bob
and it sets us apart from practitioners and consultants. Gregor
<< <i>I think many people have become aware of the 69-P quarter and it is tough, but I very much like true MS-66 & better 1971-P quarters as well. Original rolls of these are rarely seen. I live on the West Coast and have always wondered if original rolls of the 'P' mint clad coins show up occasionally in Eastern coin shops, namely clad quarters and halves as well as 1971 & 1972 Ike Dollars? >>
I consider the '69 roll to be the scarcest of all eagle reverse clad rolls, hands down. Most of
those seen are actually mint set rolls. They weren't saved becvause they were atrocious. Also
in those days most of the people who cared about new coins lived in the west and didn't have
access to P mint coins. Note that both suppliers of coins to these tiny markets were east of the
Mississippi with one in Indiana and the other Pennsylvania. One of these had only a single bag
of '69-P quarters and he was sold out by 1972. I never actually saw one of these but they do
trade on the market a little to this day. I'd bet more than half have been broken up to assemble
set during one of the periods that the premium of the '69 mint set was prohibitive.
The '71-P is probably the second scarcest but there might be a few of these sitting in hoards.
People were getting just a little more sophisticated about moderns by 1971. I've seen only 3
or 4 rolls of these over the years so they are very very tough. Most of these were worn die strikes
which is not so typical for the date so they might have come from the same source.
I like the '71 too since it is overlooked and nice clean examples are so tough. The fact that just
missed coins tend to have a lot of scratches rather than strike issues makes them interesting as
well.
The '71 and '72 Ikes were heavily saved but like the '65 and '66 quarters a lot of them weren't
saved long. It was expensive to tie up a lot of money in a bag of Ikes and everyone knew these
coins tended to be pretty bad. There was far more interest in saving half dollars and dollars than
there was in saving dimes and quarters. Most of the dimes and quarters are worn out now but
the attrition on Ikes is pretty high as well and many of them are XF/ AU.
<< <i>Nice read, and congratulations Sam. I look forward to the upcoming CoinWeek profile. >>
I'm really pretty honored to have been interviewed.
But this article on the '69 quarter is more exciting for me.
I knew it would happen.
<< <i>Glad to hear mention of a series I collect. Good read! I just picked up a nice 71P for my set which was a big upgrade. Anyone with thoughts on the 88P? Its a pretty tough coin too in higher grades. >>
A lot of these later dates are going to surprise people, too.
They're all quite common in choice Unc and the mint set coins tend to be quite Gemmy
but heavily scratched. More coins were saved in rolls and there hasn't been much time
to whittle down the supply of mint sets. But really nice high grade coins without scratches
can be as hard as the early dates in many cases and sometimes even harder. There's al-
so a tendency for a lot of the finest later dates to be PL which some collectors will prefer
to avoid.
I'm not sure '88-P is the toughest but it's near the top, at least. I do expect a few of these
will come out of rolls over the years.
I noticed long ago that the 68-P and 69-P quarters I'd seen in mint sets were dull and covered with hundreds of tiny ticks, so when I saw a 69-P with smooth, lustrous surfaces at a B&M about 30 years ago, I didn't hestitate to buy it for $1.00. It's still one of the nicest I've seen in person, but it would probably grade just MS65, or possibly a low-end 66. I would love to cherrypick an all-there 66.
Jim
<< <i>I enjoyed the article on the 1969-P quarter. Sam, it's an honor for you to be recognized as being so knowledgeable about clad coinage.
I noticed long ago that the 68-P and 69-P quarters I'd seen in mint sets were dull and covered with hundreds of tiny ticks, so when I saw a 69-P with smooth, lustrous surfaces at a B&M about 30 years ago, I didn't hestitate to buy it for $1.00. It's still one of the nicest I've seen in person, but it would probably grade just MS65, or possibly a low-end 66. I would love to cherrypick an all-there 66.
>>
I'm really pretty impressed by the authors. They can make even subjects in which I don't have a
lot of interest enjoyable and they write a lot about things nearest and dearest my heart; like '69
quarters.
I've got lots of nice ch BU and Gemmy '69's set aside and have been looking for many decades. But
I don't have very many true Gems because they are so very hard to find. MS-66 used to be "easy"
with about every 400th mint set coins being there (or close). Now days you need to figure a lot more
sets and they are harder to find everyday. Believe it or not I hear stories of people cutting out the
40% silver for melt and just spending the rest of the set. This was even more of a problem in '79/ '80
since huge hoards of these sets could still be found. Now days they come into the coin shops in dribs
and drabs because most are already gone and fewer collectors were active so long ago.
Most collectors have the attitude that these coins can just "save themselves" but the fact is the mint
and Fed rotate their coin stocks and the attrition on these coins is huge. They can't save themselves
and there just aren't many left except in VG.
I believe we are getting closer and closer to collectors realizing just how scarce some of the late 1960's and 1970's business strike coins actually are (and the 1980's won't be far behind that realization either).
Good job to the authors!
Wondercoin
One of the two ngc 67's.
By the price they are asking, these must be very rare!
1969 MS67
.....................................................
Glad to see Cladking get some props beyond the forums.
I have looked for nice clad quarters over the years since getting back into the hobby as an adult. 1969P and 1971P quarters are very difficult to find in GEM condition.
I found a 1969 Mint set with a clipped 1969D half dollar in it and bought the set. After completing the purchase I looked at the other coins in the set and found a 1969P quarter that is much better than any other MS 1969P quarter I have ever found. Unlike the usual (planchet marks that survive minting, dings, scratches and weak strike) appearance of a 1969 P quarter, this one has relatively few flaws, has a light golden/blue color and nice eye appeal.
Many MS clad quarters are simply ugly coins. However, when you find a GEM that has eye appeal you begin to appreciate clads as coins worthy of collecting. If you find one such coin and it also has attractive toning you are very lucky.
<< <i>Just saw this on E Bay.
One of the two ngc 67's.
By the price they are asking, these must be very rare!
1969 MS67 >>
It looks like a very nice coin.
I think it got the designation primarily due to superb luster. The grading services and
most collectors don't mind the chicken scratching around the periphery but I find this
very distracting even when it's fairly subtle as with this one.
This coin probably has superb luster for the date though and is nearly as clean as they
come.
http://www.coinshop.com
I found it interesting and educational.
Bravo for your name in print, Sam. Do please link us up when the profile on you is published.
Well, just Love coins, period.
<< <i>Not to diverge but CK, how about a book about modern coin anecdotes to put a bit of your knowledge together - that way no pressure to be exhaustive but basically share some of your wit and stories about moderns with the rest of us poor slobs. KP or others might be up for such a work if you were to give it a try >>
You can bet I'd buy a copy.
I'll diverge some more with some personal reminiscences. Back in our old pre-Internet pen-pal days of swapping through the NumiNews classifieds, I used to get cool packages from Sam. In addition to the neat old stamps he used for postage, the coins were always fun. And, for some reason, the letters were always written on graph paper. If a Cladking book ever comes out, I for one shall demand that the pages be printed on graph paper.
OK, no, that would be a bit much. Maybe the dustjacket can have a graph paper background behind the coin picture(s).
Hey, Sam- do you remember the NumiNews classified ad swap that started our correspondence, back around '92? I do.
I was swapping one war nickel for every foreign coin sent. I was (and remain) a Darksider to the core. You sent me some nice stuff for those grubby war nickels. Time and bullion increases have proven you got the better of that swap in the long run.
<< <i>
<< <i>Not to diverge but CK, how about a book about modern coin anecdotes to put a bit of your knowledge together - that way no pressure to be exhaustive but basically share some of your wit and stories about moderns with the rest of us poor slobs. KP or others might be up for such a work if you were to give it a try >>
You can bet I'd buy a copy.
I'll diverge some more with some personal reminiscences. Back in our old pre-Internet pen-pal days of swapping through the NumiNews classifieds, I used to get cool packages from Sam. In addition to the neat old stamps he used for postage, the coins were always fun. And, for some reason, the letters were always written on graph paper. If a Cladking book ever comes out, I for one shall demand that the pages be printed on graph paper.
OK, no, that would be a bit much. Maybe the dustjacket can have a graph paper background behind the coin picture(s).
Hey, Sam- do you remember the NumiNews classified ad swap that started our correspondence, back around '92? I do.
I was swapping one war nickel for every foreign coin sent. I was (and remain) a Darksider to the core. You sent me some nice stuff for those grubby war nickels. Time and bullion increases have proven you got the better of that swap in the long run. >>
I encourage the two of you to colaborate on such an endeavor. I've enjoyed the many wanderings and such from LordM, and both of you could fill up a book. GO FOR IT!!
<< <i>I encourage the two of you to colaborate on such an endeavor. I've enjoyed the many wanderings and such from LordM, and both of you could fill up a book. GO FOR IT!! >>
Well, my meanderings would be meaningless in a technically detailed book about clad coinage, about which I still know embarrassingly little, aside from what I've garnered from Sam. I seem predestined to be the proverbial "jack of all trades and master of none"- a numismatic generalist rather than specialist.
However, if Sam ever produced such a work, I'd be the first volunteer and would consider it a high honor to write the introduction.
<< <i>
Maybe the dustjacket can have a graph paper background behind the coin picture(s).
Hey, Sam- do you remember the NumiNews classified ad swap that started our correspondence, back around '92? I do.
>>
I love that dust jacket idea. All I've been using it for recently is drawing pictures
of half built pyramids.
or correspond with in the pre-net days are around now. I don't remember our first
trade though. I doubt that first one was very memorable at the time.
Bob