Could this be a 1964 quarter stamped on nickel planchet?
Ppp
Posts: 517 ✭✭✭✭
These are the best pictures I have.
I saw the coin and I first thought it was pmd but upon examining it I think it could be a 1964 Washington quarter stamped on a nickel planchet.
I am having trouble seeing how this could have happening in the minting process.
The coin weighs 5 grams (same weight as a nickel).
Size is smaller than the quarter because it is out of round.
Non-magnetic
Not 90% silver according to a sigma test.
The thickness is not even. It tapers from one side to the out of round side.
My two questions are:
-based on this limited information what is the probability the coin is a 1964 quarter stamped on a nickel planchet?
-The owner is willing to sell it to me but has no idea what is a fair amount in cash or trade. What would be a fair deal if real?
Thank you in advance for your comments.
Comments
Yes it’s a genuine Quarter struck on a nickel planchet
Very nice @Ppp!! 👍🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Really neat find! A quick ebay search shows around $300-$400. This is something I personally would get graded.
Collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Agree. The grade is less important than getting it authenticated as a real mint error. Great pickup.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Heritage has a couple dozen sales in their archives. Price range is very wide, from $150 to almost $800. For an unslabbed example, I could wave my hands and suggest that $250 might be fair. Maybe $300. Not much more. Some of the recent sales at Heritage were right around $300.
This is the sort of error where authenticity is not in doubt. It's real.
I wouldn't hold a coin like that and risk fingerprints, if I thought it could have any meaningful value.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Great find and outstanding pictures.
Get it graded.
Wayne
Kennedys are my quest...
Once more, to make sure it's heard.
It should become second nature to not hold a coin like that.
If is a little painful for me to took at that picture. That's how ingrained in me it is.
Those pictures are not mine but the current owner, and I too cringed when I saw how he was holding the coin.
Thank you again for the comments. I will use them in trying to acquire the coin.
You know it's real and I know it's real but getting it into a major grading service slab will make it far more marketable.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's refreshing to see a real mint error with the naked eye first thing in the morning here!! 👍🏻 👍🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Bingo
Some good price comparisons above.
I hope your friend will realize that sold prices for a slabbed coin are not what he should expect to get from you.
Great find... And yes, it will be worth the investment to get it slabbed. Cheers, RickO
Great find, now dip it in acetone and send to PCGS and reap the benefits or add it to your collection. Congrats.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Nice!
Awesome discovery.
Unique, dude and you have the seal of approval from our dear friend, Fred.
Congratulations
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Yes, Fred’s approval made me smile. 😁
Wow, maybe i am overreacting, and if I am please be gentle in commenting.
Ok, now I am bummed and I feel like sharing this possible transacation with you. I did the analysis and testing on this coin for the owner. Also, he asked me to get it graded if he decides to do it.
The owner is someone I have dealt with in the past and we discuss coins and cost openly and freely. He contacts frequently for advice and double check when he is about to do deals.
I always found it tough to sell to him, but I have at slightly above my cost (around grey) which from a market perspective was always a good deal because I considered him part of my inner circle. He normally never sells anything and I think I might have bought only one or two items from him at an ok price over the years.
A couple of months ago I got zinged when he sold items to someone for less than he wanted from me, and he knew I wanted those items. I wrote this off as a one time oops.
He knows I would like this coin because it would compliment some of my other errors ie: penny stamped on a silver dime planchet, clipped quarters & dimes, ……..
When I gave him some of the information (I told him value about $300- some higher, some lower) from previous comments. He said he heard the value is $400- to $500- and he may get it graded to lock down the price before he decides to sell. I understand it his his coin and he can do what he wants and price it how he wants.
I don’t want anything for free and he should make a profit (his cost is minimal it was found in a bunch of quarters he got for melt), but I don’t expect to pay anywhere near market for this coin from someone in my inner circle. I like the coin but I don’t need it and I always treat my inner circle (maybe now he isn’t from a buy/sell standpoint, but I like him personally) differently than others.
I would be willing to trade (which he prefers) eight one ounce silver bars for the coin but he wants ten. What does anyone think about this?
Should I trade him the ten bars and be a little miserable or stick to my guns and probably not get the coin?
Sorry, for the vent I am just a little taken back. Maybe I expected too much in my advanced years but I have a great give and take relationship with others in my circle.
Hmmmmmmm 🤔
Well that's kind of a bummer. Cool coin though.
Collector, occasional seller
nice piece for the collection, wtg
I agree, it is a bummer, but I would start looking to buy from others.
I'll mention a few things that may or may not help. The first is that I am stunned that the owner has significant experience buying and selling coins because of the careless and reckless manner that he is holding the coin in the last photos. His experience, and desire to want as much as possible in a sale, are not consistent with his lack of care in the handling. It also makes me think that this seller might be someone who doesn't care so much about coins, but rather about churning dollars. That can be a completely unfair characterization, but it is what it is.
Your comment also makes me think the seller either values the coin much higher than you do or is someone who always wants the last dollar on the table. Your statement that he has near nothing into the coin should not factor into what you expect he might sell it at since his all-in cost should mean nothing to you. The coin is worth what the coin is worth. However, his desire to get the coin certified first in order to extract more value should make you believe that you will be the one who is shouldering all certification costs as I doubt this type of seller sinks that money into the coin and walks away from the possibility to get that money back.
The trade you propose is about $180 in silver, if the bars have no premium attached to them, while he is proposing something along the lines of $220. This difference does not seem insurmountable, but you are already venting about the possible trade and think you may be miserable from it. Either way, he is willing to trade the piece for a bit under what you might consider its market value.
My opinion is that you don't need this coin, you don't need this transaction and you don't need to bother with nickel-and-dimes on both ends of the financial deal. Do it or don't, but there are always going to be other coins out there so don't get bent by what has happened.
In honor of the memory of Cpl. Michael E. Thompson
I definitely understand and sympathize with your situation. Based on the other transaction he gave to someone else, it sounds like he is harboring something - bad feelings, jealousy, skepticism, etc.
If you got the one ounce bars at a good price then it might be doable, but only if you won't be soured on the coin every time you look at it. Of course, you could also say you'd do 10 ounces if he gets it slabbed first.
To be honest, it sounds like this friendship is a little one-sided. I'm not saying you should break off your friendship, but I am not sure he deserves all the free advice and investigative work you've been giving him.
BTW, I am sure the valuations he heard were probably for slabbed coins sold at auction. So, his net take would be less.
Well you can always get replacement silver bars but to find another error like that? not so much. He knows you want it and is tightening the strings on you................
"When they can't find anything wrong with you, they create it!"
A general observation...what somebody else has into an item that you are trying to buy is totally irrelevant to the transaction at hand.