Not often seen clad roll.
cladking
Posts: 28,631 ✭✭✭✭✭
On pg 13 of the 3-1-04 Coin World, the Coin Depot is advertising '98-P quarter rolls
for sale at $30. This is hardly an especially scarce eagle reverse clad quarter roll, but
it is most unusual to see such coins offered for sale. Yes, there is another ad in the
same issue offering what are apparently mint set rolls and there is a long running
classified ad offering some later date original rolls. What makes this unusual is that
this is a featured roll and that it is not a particularly easy roll to acquire.
Many of these rolls are very closely held because the owners know that almost all
dates of the older clad quarters are difficult to acquire. The bicentennial rolls are com-
mon and the 1965 roll isn't too difficult but most of the others are very scarce to sel-
domly encountered.
In the ad they claim that this roll is probably 100 times rarer than the PA or DE rolls
from the folowing year. This may be a slight exaggeration but may not miss it by much.
There is another ad offering to buy some AU eagle reverse clad quarters.
for sale at $30. This is hardly an especially scarce eagle reverse clad quarter roll, but
it is most unusual to see such coins offered for sale. Yes, there is another ad in the
same issue offering what are apparently mint set rolls and there is a long running
classified ad offering some later date original rolls. What makes this unusual is that
this is a featured roll and that it is not a particularly easy roll to acquire.
Many of these rolls are very closely held because the owners know that almost all
dates of the older clad quarters are difficult to acquire. The bicentennial rolls are com-
mon and the 1965 roll isn't too difficult but most of the others are very scarce to sel-
domly encountered.
In the ad they claim that this roll is probably 100 times rarer than the PA or DE rolls
from the folowing year. This may be a slight exaggeration but may not miss it by much.
There is another ad offering to buy some AU eagle reverse clad quarters.
Tempus fugit.
0
Comments
Wait a minute, what's so special about AU eagle reverse clad quarters???
<< <i>When you say the rolls are rare do you mean just bankwrapped? >>
None of the rolls really qualify as "rare" by the definition usually used around here.
Some of these are very rarely seen such as the 1969 roll I've never seen in 32 years
of looking. There are probably hundreds in existence though. Most are just rarely
seen because the very few which were set aside are just not offered for sale. This
applies to all original rolls of eagle reverse clads whether bank wrapped or not. Post
bicentennial rolls are a little easier to find for the main part but again none are com-
mon and the '98 issues are the most easily found.
Despite the fact that the '82 and '83 issues were set aside in larger numbers than
most BU rolls, they sell for very large premiums because they are the largest source
of coins of these dates.
Any date BU roll of eagle reverse clad quarters one sees is probably assembled from
mint sets. If you look at the coins in these rolls you'll see that they are almost all well-
struck, and many are fairly clean. This would be quite rare for most dates of these quar-
ters.
While the mint sets are an excellent source for most of the gems in this series, there
are very few of the varieties represented in the sets and this makes most of the var-
ieties excrutiatingly difficult to find in higher grades. There are a few which may not
exist in unc and are extremely elusive even in F in circulation.
<< <i>
Wait a minute, what's so special about AU eagle reverse clad quarters??? >>
Many of the higher grade clad quarters are no longer existent in circulation. The '68,
'68-D, '69, '70, '70-D, '71, and '73-D are extremely difficult to find even in VF!! This gets
even more difficult if you limit your search to nice, attractive undamaged pieces. In fact,
there are three of these I haven't been able to locate in a nice VF in 6 years of checking
rolls from the bank. Most of these will be very scarce in higher grades. At the current
time there are ample supplies of BU coins from mint sets but these supplies are really
much smaller than is normally assumed because of the tremendous destruction of mint
sets caused by low prices. Even these BU coins though are in some cases extremely un-
attractive due to strike deficiencies and excessive marking.
It's the '82 and '83 issues which command premiums in AU. It was discovered very early
on back in '85/'86 that there was not much supply for the quarters of these dates and it
was reported in the hobby press and many people set aside significant numbers of these
coins in AU. The reason this premium has developed is multifold. Much of it is demand for
BU coin which simply can't be met. The '83 roll now wholesales at $900 but it's unlikely
many of these are trading at any price. There are also sets of coins being made up to sell
to the public and finding supplies of uncs can be very difficult. Much of the premium may
well be attributable to the simple fact that the coins are available.
It's interesting to note that the '82 and '83 issues stand alone as the only clad quarters
from before 1993 which can still be found in circulation as AU's. Again this is simply because
these were the only dates that people ever bothered to save. They are getting pretty
tough to find in the last couple years but they are still out there.
Experience the World through Numismatics...it's more than you can imagine.
<< <i> I kinda wonder if and when some of the earlier clad Washingtons will appreciate in value in MS grades. It still seems that most of these can still be found, with some exceptions, for next to nothing. >>
I've wondered the same thing for a very long time. There is no certainty that these will ever
get much collector interest but there are many signs that things are changing albeit very slowly.
One of the most encouraging signs is the simple fact that there are large numbers of folders for
these coins being sold to the general public from bookstores. There have been a series of inc-
reases in the prices for BU coins but much of this could be speculative demand. The hobby and
mass media are paying a great deal more attention to the coins each year so it would seem that
at some point the demand should exceed the scant supply at least for the better coins.
There are likely in the neighborhood of 80,000 of the unc and a quarter million AU '83-P's so this
can give some indication of the current demand. There are not significantly more of some of the
other dates. There are some issues which are tougher than the '83-P in nice attractive condition.
<< <i>The bicentennial rolls are common >>
I'm bummed. I have two "shotgun" rolls of bicentennials that hav ebeen sitting in a safe since issue. I have seen them go for as much as $80.00 on ebay.
What are they worth?
<< <i>
I'm bummed. I have two "shotgun" rolls of bicentennials that hav ebeen sitting in a safe since issue. I have seen them go for as much as $80.00 on ebay.
What are they worth? >>
There is substantial demand for the bicentennial rolls so these usually will sell
for more than many of the clad quarter rolls from the '70's. Figure about $20
wholesale if you hold out for high wholesale. They are easily sold at $16.
While these may be common, there are a few interesting varieties which appear
in them. And while the demand is strong, this demand is not very selective. There
are some gems of these out there and they are just as tough as the other clad
gems. If the demand ever becomes focused on nice attractive coins then these
will prove to be quite difficult to find.