1948s Quarter $19,250 VS. 1852 Seated Half $6,350
DMWJR
Posts: 6,006 ✭✭✭✭✭
Here is the classic vs. modern thread in a different form.
1848-S Washington Quarter NGC MS68
Mintage: 15,960,000
AGE OF COIN (years for top grades to surface): 54 years
NGC/PCGS POP: 1/0
NGC/PCGS POP at one grade lower: 237
PRICE: $19,250 (including fees)
Link to 1948s Quarter
1852 Seated Half Dollar NGC MS65
Mintage: 77,130
AGE OF COIN (years for top grades to surface): 150 years
NGC/PCGS POP: 4/4
NGC/PCGS POP at one grade lower: 5
PRICE: $6,350 (including fees)
Link to 1852 Seated Half
I just bought the seated half. I could have bought three of the four graded at that level for the price of the quarter. How am I doing?????
1848-S Washington Quarter NGC MS68
Mintage: 15,960,000
AGE OF COIN (years for top grades to surface): 54 years
NGC/PCGS POP: 1/0
NGC/PCGS POP at one grade lower: 237
PRICE: $19,250 (including fees)
Link to 1948s Quarter
1852 Seated Half Dollar NGC MS65
Mintage: 77,130
AGE OF COIN (years for top grades to surface): 150 years
NGC/PCGS POP: 4/4
NGC/PCGS POP at one grade lower: 5
PRICE: $6,350 (including fees)
Link to 1852 Seated Half
I just bought the seated half. I could have bought three of the four graded at that level for the price of the quarter. How am I doing?????
Doug
0
Comments
Edited to add: When the plastic pimps find this coin (the seated half), watch the value go through the roof.
The seated half I was able to see and I like it. I like most of the 19th century designs so I`m partial to any coin of that century. I love the expression of the face; untouched with time. The Eagle, what can I say, it`s a buet. You bought a winner in my eyes.
Of course, I have posted a number of thread/comments about that 1948(s) quarter already, so no need to go into here again. And, the same comparision (with the same result) could be made on the $20,000+ 1936 proof 66 Cam Lincoln cent (in your collecting area, as Wash quarters is mine) and many, many other coins. How about a 1926(s) Buffalo nickel in PCGS-MS65 at $100,000, compared to those Seated coins!!!!
To each, his own though.
As for the 1936 PR66CAM, There were only 5,000 made, less the Satins, which makes the ultra grades very worthwhile. I also think that the 1937 PR66CAM is an excellent opportunity for the collector and investor, because it is my opinion that much less care was taken with this step-child of proof coinage and there were only about 7,500 made.
To me there is a lot of "entertainment money" in the $19,250 paid for the quarter. I'm not knocking that either. It's the same thing that I do with the Roosevelts, just on a different level. This collector obviously bought the coin because he "had" to have it. I understand completely.
Not to draw to many other threads into this one, but the Pinnicle article speaks to this. If you are a newbie, don't pay $19,250 for this quarter and expect to automatically get a good return.
My 'favorite' story of this nature was a year or so ago re a boludo paying something like $70,000 for the finest known 1953 S Franklin. Well, six months later, his finest known was one of the TWO finest known. Shortly thereafter, he sold it for half of his buying price.
I am not knocking modern coins; I'm just saying "caveat emptor."
"Seu cabra da peste,
"Sou Mangueira......."
seeing as we are on the pcgs boards - just curious, if one were to attempt a cross - who here believes the half would is more likely, perhaps much more likely, to cross than the quarter? (other than me, of course.)
z
Your choice of the 1852 is slightly unfair because it is probably the most underrated of the tier-2 better dates of that series. An MS65 is worth a heck of a lot more than what you paid! Whoever sold that to you doesn't know the series that well.
Since I already have a nice 1852 specimen, I'm ok with talking about it. But, as an active collector of better date Seated material, I'll thank you not to tell the world just how under-valued they are. Please check with me next time before posting about this...
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Again, nice catch, Doug!
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
great. You've bought a coin with proven track record which should hold it's value
well in good times or bad. It has an excellent chance of appreciating in value if
collectors or any reason migrate to the series or type. You probably didn't buy it
for appreciation or because of it's plastic anyway though, so you can enjoy your
coin and sleep at night.
I'm not real famoliar with the high grade silver Washingtons, but would assume
that the 48-S is a rare coin in high grade. If you had bought the coin for your col-
lection (and it's not a plastic collection), then you'd have done great. With this
coin it would have been much more important to know the series and grading. There
is an excellent chance that the coin will appreciate in the future as more and more
people start their Washington collections and newbies expand their colections all
the way back to 1932. This coin has experienced explosive price growth for years
and there is no garauntee that this growth can continue. If you did your homework
before buying this coin you'll be able to enjoy your coin and sleep at night.
Many people may look at the price and age difference and conclude one of these coins
is dramatically over priced or under priced. But this isn't the way the world works.
The price of collectables is driven primarily by demand, and supply is secondary. The
1948 was a rare coin five years ago too, but there was very little demand hence it
had a very lttle price. There are many rare coins which command low prices because
there is even lower demand. Prices will tend to go up as long as demand increases,
prices go down when it decreases. And supply doesn't really change once the mint stops
making the coin except for a slow grinding attrition. Even rare seated half dollars are
occasionally lost or destroyed.
In my opinion this coin probably has a few too many nicks to meet my criteria to for a full 65, but I took that into consideration with the amount I was willing to spend for it. I think a crossover to PCGS would be a challenge, but I am happy with the coin -- plastic be damned.
I too have a choice UNC MS64 1852 half (from the Evergreen hoard). Haven't had the pleasure to meet an MS65 piece yet.
The 1852 quarter is about the only pre-1853 seated quarter that shows with any frequency in choice to gem unc. I'd say all the other dates are rare. The halves aren't too far behind in rarity though the 1840 small letter half seems to be relatively available in choice/gem unc. The Evergreen hoard had a pair of 1840's in MS65.
roadrunner
You seem to like the 1850 more than the 1852 half, which surprises me. I haven't check the price lists lately, but both seem relatively equal in terms of how underrated they both are, at least relative to the '51 and the '52-O.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Jim O'Donnell pretty much said the same thing in his recent CDN article. I haven't run across a decent 1850 I could buy but I have seen a number of 1852's go by.
The pops show the 3 halves to be relatively similar in numbers above 63 grade, but the 1850 stands out IMO with essentially little available above MS63. But all 3 are pretty neat coins and epitomize the early seated halves in romance and rarity.
roadrunner
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
I also goofed in mispelling Pryor's name. Sorry. And I was quoting "him" about the R8 rating. That was his research....not mine. He earned the credit.
roadrunner
Go across the street and answer my trivia question! And, shhhh about the key date halves, ok?!?
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
did you hit the nail right on the head.......... WOW wild wild wild!!
i have no doubt you gave some on here tourtured nights thinking about your excellent well thought out and incredibly written example.........
the truth will set you free........ well it is a nice thought though...........lol
some were even speechless...........lol
sincerely michael
The subtlety was lost on many of whom I'm sure read this thread. This is a true life example of the point propounded in the Pinnicle article.
By any other name, the rose's name is still "Classic Rarity vs. Condition Census Rarity". The former has a certain breadth that the latter doesn't have, although I don't deny the later's desirability and attractiveness.
EVP and RR also captured a collateral issue which is "Date Rarity" vs. "Condition Census Rarity" -- within the same series. This is akin to the 1893-S vs. 1901 coins of the Morgan series. The 1901 is not a key date, however in high grade would make Bill Gates pause for thought. Again, I don't deny the ultra rarity of the 1850 in gem condition -- it is priceless. However, who among us can deny the date rarity of the 1852? My pick for my all time type set was the 1852.
Third and lastly, this draws attention to the so-called "hot" market right now. Trolling through the "dead" series will turn up precious jewels for the collector, while the profit seekers drive the Hindenberg around the block.
All in all, I pulled one real life example which addresses at least three of the current threads on the Forum. One neat little package for those like yourself who think through the issues and appreciate both sides -- like a lawyer (goodness, that pulls in at least two more threads!!!!)
Comparing the two is interesting, but is basically irrelevant if you like toned Washingtons, not brilliant, and prefer your Liberty's with their heads screwed on straight.
As always... collect what you like at a price you fell comfortable spending within your discretionary income and you'll be fine.
Spend more than you should on things you don't necessarily like because you're trying to make investment returns and... well, doesn't sound like much of a hobby to me.
Personally, I'd put the money on either towards a new car.
jom
Crossover Naysayer PS: Forget about the crossover crap. It's a waste of money, IMO.