@cladking said:
A lot of modern collectors are interested in proofs and proof set so I should also mention these are not immune to problems. Even later date sets often have as high as 50% tarnished coins and these are far harder to clean and you'll be less successful. The 50% that aren't damaged are generally stable.
Toning is another word for tarnish, and many people like toning.
Would these coins be considered toned, or environmentally damaged?
@Coinscratch said: @cladking Finding an 82 or 83 quarter in MS67 is one of my quests. I thought this one had a nice look and threw it in an order just to see what would happen.
A tuition installment, 65.
I learned quite a bit from that particular order.
'82-D's in this condition are pretty tough. Unless you've tried submitting these yourself it's difficult to appreciate the effort it requires to get the high grades that bring a profit. Even if a coin is pretty scarce or scarce in high grade once population gets much higher than the number of registry set collectors the value is just not very high because demand is tepid. Many newer collectors see the absurdly low prices listed in places like the Redbook and are uncomfortable paying even market price for them. Redbook lists this coin as being a $10 coin so collectors are immediately priced out of the market.
The coin appears as nicer than MS-65 except for the blemish which holds it back.
It's a "funny" market and this apparently applies to world modern coins as well. Coins that list for $2 routinely sell for $30 on eBay and $600 if they are slabbed and high grade. The price guides are less than worthless for moderns and are a hindrance to these markets. While there's no simple solution it appears the publishers aren't in the least concerned.
One day we'll all wake up and be catapulted right into current reality but this may not happen until something is done about the guides.
@cladking said:
A lot of modern collectors are interested in proofs and proof set so I should also mention these are not immune to problems. Even later date sets often have as high as 50% tarnished coins and these are far harder to clean and you'll be less successful. The 50% that aren't damaged are generally stable.
Toning is another word for tarnish, and many people like toning.
Would these coins be considered toned, or environmentally damaged?
In this case "toning" is not the right word but, then, "tarnish" isn't exactly right either. I don't know exactly what's going on with the surfaces of these coins but it's not just the metal experiencing a chemical reaction that causes coloration which is the very definition of "toning". The metal sometimes in toned but it appears to almost be a deposition of something on the surfaces that I am calling tarnish. It is not transparent and appears milky. Sometimes it comes off and sometimes it does not.
Some very few of the coins are attractive in this state and this especially applies to the proofs but I imagine most people will find most of it quite unattractive. The coins can't be wholesaled in this condition.
PCGS calls the mint set coins "environmental damage". I believe they consider the proof set coins "damaged" as well.
A few dates are usually OK but some other dates including many in the '70's are not. I wouldn't necessarily suggest breaking up proof sets to protect the coins yet since it afflicts coins here and there rather than sets here and there but the mint sets need attention now before they're all gone. This especially means the '65 to '71 dates.
@Zoins said:
I will say that I just found two nice Crossing the Delaware quarters in change. I was very pleasantly surprised
Well, they are still making these. To me they're barely "coins" at all until they are 3 years old.
I've found dozens of the new quarters in BU and while the quality is excellent there are very few that are "Gem". They tend to be well made but finding any without marking is tough.
@cladking I’m looking to be flush when the market does finally catch up.
That 82 came from a complete Dansco I picked up a few years ago and was one of my first purchases. There were some good grades in the moderns but the 50’s and earlier were mostly XF.
I sold the 32’s to a forum member.
@Coinscratch said: @cladking I’m looking to be flush when the market does finally catch up.
I'm trying to sell my modern world coins right now where the markets have already caught up. It sure isn't like the old days where you could always get a dollar for a three dollar coin at the local coin shop. Now you have to sell the $3 coin on eBay for $50. Or if it's nice enough send it in for grading. The corner shop is so busy trying to sell their own old coins that they won't even make an offer on most moderns and they pay way back of bid for anything not in a slab.
That 82 came from a complete Dansco I picked up a few years ago and was one of my first purchases. There were some good grades in the moderns but the 50’s and earlier were mostly XF.
I sold the 32’s to a forum member.
Most collections just end at 1964. When a set has clads most of them are usually pretty ugly. The silvers all have a ready market but no matter how valuable the moderns they list at one dollar and there is no demand. Eventually the markets will catch up with moderns. Not only are the sole source of BU's drying up fast (the mint sets), but the coins are rapidly disappearing from circulation. Everyone always said that if you can't find a nice '69 dime in a mint set there were countless millions in circulation. This is no longer true because attrition is approaching 4% annually and the coins have been circulating for more than 50 years. The few survivors are getting hard to find and far harder to find "nice" because most are culls and most of the rest have a lot of wear.
I think collectors are still sleeping as far as clads are concerned and the snooze alarm has already gone off several times.
@Coinscratch said:
One of y’all guys mentioned that you don’t know what you have until you remove it from the mint pack. The same runs true with proof sets.
In the pack, the cell pics don’t hide the mirrors as much as the naked eye but you can see how they pop once removed.
Cameo and surface texture can be hard to see through the celo. And, you have to move the coin around top see the marking. While I usually see exactly the same thing after cutting them out, sometimes it is a very pleasant or unpleasant surprise.
@Coinscratch said:
One of y’all guys mentioned that you don’t know what you have until you remove it from the mint pack. The same runs true with proof sets.
In the pack, the cell pics don’t hide the mirrors as much as the naked eye but you can see how they pop once removed.
@Coinscratch said:
One of y’all guys mentioned that you don’t know what you have until you remove it from the mint pack. The same runs true with proof sets.
In the pack, the cell pics don’t hide the mirrors as much as the naked eye but you can see how they pop once removed.
First thought is can the half dollar earn cameo?
Good question but I have yet to give it a second thought. Possibly one of those scenarios that grades strong but non Cam.
This ddo just came back better than I had hoped but again the PR69s are usually frosty.
Comments
Toning is another word for tarnish, and many people like toning.
Would these coins be considered toned, or environmentally damaged?
I will say that I just found two nice Crossing the Delaware quarters in change. I was very pleasantly surprised
'82-D's in this condition are pretty tough. Unless you've tried submitting these yourself it's difficult to appreciate the effort it requires to get the high grades that bring a profit. Even if a coin is pretty scarce or scarce in high grade once population gets much higher than the number of registry set collectors the value is just not very high because demand is tepid. Many newer collectors see the absurdly low prices listed in places like the Redbook and are uncomfortable paying even market price for them. Redbook lists this coin as being a $10 coin so collectors are immediately priced out of the market.
The coin appears as nicer than MS-65 except for the blemish which holds it back.
It's a "funny" market and this apparently applies to world modern coins as well. Coins that list for $2 routinely sell for $30 on eBay and $600 if they are slabbed and high grade. The price guides are less than worthless for moderns and are a hindrance to these markets. While there's no simple solution it appears the publishers aren't in the least concerned.
One day we'll all wake up and be catapulted right into current reality but this may not happen until something is done about the guides.
In this case "toning" is not the right word but, then, "tarnish" isn't exactly right either. I don't know exactly what's going on with the surfaces of these coins but it's not just the metal experiencing a chemical reaction that causes coloration which is the very definition of "toning". The metal sometimes in toned but it appears to almost be a deposition of something on the surfaces that I am calling tarnish. It is not transparent and appears milky. Sometimes it comes off and sometimes it does not.
Some very few of the coins are attractive in this state and this especially applies to the proofs but I imagine most people will find most of it quite unattractive. The coins can't be wholesaled in this condition.
PCGS calls the mint set coins "environmental damage". I believe they consider the proof set coins "damaged" as well.
A few dates are usually OK but some other dates including many in the '70's are not. I wouldn't necessarily suggest breaking up proof sets to protect the coins yet since it afflicts coins here and there rather than sets here and there but the mint sets need attention now before they're all gone. This especially means the '65 to '71 dates.
Well, they are still making these. To me they're barely "coins" at all until they are 3 years old.
I've found dozens of the new quarters in BU and while the quality is excellent there are very few that are "Gem". They tend to be well made but finding any without marking is tough.
@cladking I’m looking to be flush when the market does finally catch up.
That 82 came from a complete Dansco I picked up a few years ago and was one of my first purchases. There were some good grades in the moderns but the 50’s and earlier were mostly XF.
I sold the 32’s to a forum member.
I'm trying to sell my modern world coins right now where the markets have already caught up. It sure isn't like the old days where you could always get a dollar for a three dollar coin at the local coin shop. Now you have to sell the $3 coin on eBay for $50. Or if it's nice enough send it in for grading. The corner shop is so busy trying to sell their own old coins that they won't even make an offer on most moderns and they pay way back of bid for anything not in a slab.
Most collections just end at 1964. When a set has clads most of them are usually pretty ugly. The silvers all have a ready market but no matter how valuable the moderns they list at one dollar and there is no demand. Eventually the markets will catch up with moderns. Not only are the sole source of BU's drying up fast (the mint sets), but the coins are rapidly disappearing from circulation. Everyone always said that if you can't find a nice '69 dime in a mint set there were countless millions in circulation. This is no longer true because attrition is approaching 4% annually and the coins have been circulating for more than 50 years. The few survivors are getting hard to find and far harder to find "nice" because most are culls and most of the rest have a lot of wear.
I think collectors are still sleeping as far as clads are concerned and the snooze alarm has already gone off several times.
One of y’all guys mentioned that you don’t know what you have until you remove it from the mint pack. The same runs true with proof sets.
In the pack, the cell pics don’t hide the mirrors as much as the naked eye but you can see how they pop once removed.
Cameo and surface texture can be hard to see through the celo. And, you have to move the coin around top see the marking. While I usually see exactly the same thing after cutting them out, sometimes it is a very pleasant or unpleasant surprise.
@cladking @wondercoin I was able to acquire this 1969 P quarter at a very reasonable price. TC
First thought is can the half dollar earn cameo?
The days of cheap anything is over.
Good question but I have yet to give it a second thought. Possibly one of those scenarios that grades strong but non Cam.
This ddo just came back better than I had hoped but again the PR69s are usually frosty.
Here are some results, I didn’t do so well on the 69s but scored on the 68 and 70.
And a few more from the order.
