Whats the average grade for state quarters from Mint Sets?

greghansen

This is a question for those who search the modern mint sets for state quarters to be submitted for that supergrade. I've never done it. With the prices of supergrade moderns, however, I have to admit I started to look through some of my 2000 Mint Sets to see what the quarters looked like. I'm not a a Washington collector so consider myself a dangerous amateur when it comes to grading them. For those of you that look at and slab a lot of state quarters from Mint Sets...what is the grade of the average state quarter you see in a well maintained, untraveled Mint set...and as a corrolary what percentage of coins grade one point higher...two points higher...

wingedliberty

The average distribution is as follows among mint sets.
This is from my experience.

85% - MS63-65
12%- MS66
2.5%- MS67
<0.5%-MS68

This is not a statistical survey but rather, an estimate based on my observations of many sets.


Good luck,
Brian.

greghansen

O.K. that sounds kind of reasonable and fits my anecdotal survey this past weekend. So about one of every eight might be expected to be MS66. About one of every 40 might be MS67 and about one of every 200 might be an MS68. Heck, I may give it a shot. I found 2-3 coins that were obviously superior to the others so I may just send them off and see if I can embarass myself! HA!

wingedliberty

Greg:
Please let me know if your experience mirrors mine, and also keep in mind this is
based on PCGS/NGC standards only.(and a little bit of luck)


Brian.

kaleidoscopic

Greg, Brian, I found this interesting. Did you guys do any searches through rolls? I didn't want to cut up the few ( less than 12) sets I had for each year.

I heard that there is a bulk type of submission which has fees based on a set grade met by coins out of a minimum submission. Like say if you sent in 50 coins and were looking for 67's, you would be charged for only the 67s if I'm correct. I haven't submitted in this manner if it exists. Maybe one of these other members know.

Kscope

greghansen

Brian, I don't know anything about a bulk submission deal...and I don't search rolls for supergrades....in fact I was just messing around last weekend looking at my state quarter mint sets trying to see how consistent the quality was. That's what got me starting thinking about what percentage might actually be supergrades. I'm probably going to send in the 2-3 best that I can find from my 10 sets and see what happens. I'm not looking to start a cottage industry, just get a better feel for the true rarity of these modern supergrade MS coins that seem to be ruling the world now.

gmarguli

I heard that there is a bulk type of submission which has fees based on a set grade met by coins out of a minimum submission. Like say if you sent in 50 coins and were looking for 67's, you would be charged for only the 67s if I'm correct. I haven't submitted in this manner if it exists. Maybe one of these other members know.

Yes, there is a bulk service. Depending on who you talk to at PCGS, here are the specifics. 100/200 coin minimum. $6/$8 minimum charge for each graded coin. $3/$5 for each ungraded coin. 5 dates/mint marks max. Grading fee is based on grade requested.

gmarguli

For grades, the 1999s were horrible. The 2002s are pretty good.

For 2002, I would guess that 80% are MS63-MS65. Maybe 15% MS66 (PCGS allows a lot of marks on state quarters for MS66). 4% MS67. The remaining 1% MS68+ or MS62-.

mdwoods

I went through 100 2002 mint sets. I found a lot of MS66, 67, and 68 quarters. Mostly P mint coins. I have not even submitted all the ones I plan on sending in. I just checked. On my last submission I sent in 55 state quarters. 13 came back MS68. I am sending in more on my next submission. Still from the same 100 mint sets. I expect more 68s this time based on more coins submitted, and my eye is getting better too. I would say 2% or slightly higher of the quarters in the 100 sets I went through grade MS68. Maybe I got lucky, or maybe the 2002 sets were just prepared better. mdwoods

cladking

2% is a good rule of thumb for the older mint sets though there is much variation
from coin to coin and year to year. The '99 sets I've seen had very poor poor
quality quarters, but the other coins seemed to have a normal distribution. I've
seen few of these yet that coincidence can't be ruled out as the primary cause
of seeing so few gems.

wingedliberty

Cladking:
Is that 0.5-2% for PCGS/NGC?, is so, I agree. Although 68 grades are becoming harder to get.
At least in my experience.


Brian.

cladking

<< <i>Cladking:
Is that 0.5-2% for PCGS/NGC?, is so, I agree. Although 68 grades are becoming harder to get.
At least in my experience.


Brian. >>



2% is in reference to the number of coins which stand out as being superior
to the other coins of the same denomination and date/mm in mint sets. The
grades of these do vary also. For instance a '76 type 1 Ike which is head
and shoulders better than others will not grade MS-68. .5% would be one
of the scarcer moderns in sets, but some of the easy coins will range well up
toward 10%. Some of the dimes and late date cents can be very stunning and
none too difficult to find.

GDJMSP

I think you have to pin it down more to which year is being referred to before establishing a percentage. I'd go along with some of the numbers being quoted for some years - for other years - the percentages are no where near that high. For some years MS67 coins are almost impossible to find - and a 68 - unheard of.

stokjok

I find it hard to believe that one in 40 quarters would grade 67. If this were the case, there would be a lot more submissions. I realize they can only be graded so fast so more will continue to come in, but given the price of the 99's in high grade as well as a few other harder to find coins, you would think there would be more submissions of the hard to find coins.

?

stokjok

Cam40

Searching for high grade SQs from Mint sets sure sounds like an expensive proposition.For a whole lot less money
and probably a better chance at finding 7-8s,search original bank-wrapped rolls of new issues,if your bank has them at face.

radiofrek

I opened 2 2002 mint sets(1P and 1D) because thats all I own. Then sent the Sacs and the Kennedys to PCGS. the Sacs came back with a 66 and 67. The Kennedys were a 67 and 64. I guess I'm kinda lucky.