The Exceedingly Tough 1992(p) Clad Quarter Has Finally Been Conquered...
wondercoin
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In the silver Wash quarter series, there are just (3) coins where an MS67 has never been graded at PCGS (1932(d), 1932(s) and 1955(d)). In the Clad Wash quarter series, there were only (2) coins before today - 1992(p) and 1988(p). I slabbed a 1992(p) in MS67 today (not for sale), leaving just 1988(p) as the only remaining MS clad quarter where the "pop top" is still MS66.
Anyone want to engage in a friendly chat about clad quarters?
Wondercoin
Anyone want to engage in a friendly chat about clad quarters?
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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Comments
Donn
Wondercoin
That is truely one of the Holy Grails for the Clad series in 7 and I thought there would be an 88-p made in 7 before that date as they are the 2 hardest.
42/92
George: I do believe mint sets are probably the best bet, but, the sets that are often available today are often the "picked through" stuff. I was personally looking for coins like the 92(p) quarter in MS67 going back to the late 1980's. The typical mint set coin though is roughly MS63. As far as "bags" - I have heard of a handful of bags of Wash clad quarters existing FOR THE ENTIRE SERIES in my travels over the past 10 or so years. About 4-5 years ago, Heritage offered me a bag of 1998(p) quarters, which I passed on. That bag obviously went somewhere. I also heard of a bag or two of 1983 quarters over the years and perhaps a couple others covering the entire series.
The casinos had great need for the quarters back in 1992 and nearly every dealer on the planet was more concerned with Morgans, Walkers and gold than hoarding a bag of "worthless" 1992 quarters back then. Ditto for the 1988(p) quarters. Also, a $1000 bag of quarters from 1992 already has a "carrying cost" of around $2,500 when one considers interest lost on the money. Who in their right mind would even consider keeping a bag of 1992 quarters back in 1992. The Registry wasn't even invented for another 6 years
Wondercoin
I didn't realize that PCGS was gradin' cans!
"Anyone want to engage in a friendly chat about clad quarters?"
No.
But how 'bout one on "pop top" vs. "top pop"?
If it's a noun, "top population" fits a lot better than "population top", which sounds like a spinning census taker.
Indeed you'll encounter difficulty finding most of the singles. There were few collections
of these and this was about the sole source for singles, but silver collections were encoun-
tered about fifty times more frequently than clad sets.
Consider that the '83 clad roll is one of the most frequently encountered of all eagle re-
verse clad quarter rolls and it wholesales at $900 now!!! It is relatively common simply
because everyone knew there were no mint sets being issued so all business strike
'83 coins would be hard to find. It is so expensive because even with the warning there
were very few saved. Imagine how scarce original rolls of other dates are from this era!
This means even common varieties of quarters from this era are exceedingly difficult to
find in unc or even higher circ grades. It also means that coins which are difficult to find
nice in mint sets are very rare in high grade. It's not as though there are great stores of
such coins just waiting for higher prices because in most cases these coins were simply
never even produced, much less saved. Even in MS-66 and MS-65 many of these issues
can be very difficult. This difficulty will be greatly compounded in the future because there
is not an endless supply of mint sets. Indeed, every indication is that these sets have been
largely consumed to made date/MM sets and by many years of utter neglect.
I've always believed that the clad quarters would be the very last of all the moderns to get
collector attention and that it would be the coin which had the greatest price appreciation
and the greatest impact on the hobby because it can be collected on any budget or level of
sophistication. A set from circulation can contain many rarities and cost less than $20 and
years of effort can be put into seeking the highest grades.
However one wants to collect these he is well advised to check multiple sources for the coins
from singles, rolls, bags, mint sets, (proof sets), and circulating issues. Collectible coins can
be virtually unique to one source or another. Have fun.
Wondercoin
I have the clad PR69DCAM I got from you!
Other than that, my snapple bottle tops go pop when I open them!
What I really need help with are my proofs!
Who's dis datentype?!?
Experience the World through Numismatics...it's more than you can imagine.
<< <i>Mark: No one works harder than you IN THE TRENCHES at uncovering the very best which the MS modern various series have to offer. George: I do believe mint sets are probably the best bet, but, the sets that are often available today are often the "picked through" stuff. I was personally looking for coins like the 92(p) quarter in MS67 going back to the late 1980's. The typical mint set coin though is roughly MS63. As far as "bags" - I have heard of a handful of bags of Wash clad quarters existing FOR THE ENTIRE SERIES in my travels over the past 10 or so years. About 4-5 years ago, Heritage offered me a bag of 1998(p) quarters, which I passed on. That bag obviously went somewhere. I also heard of a bag or two of 1983 quarters over the years and perhaps a couple others covering the entire series. The casinos had great need for the quarters back in 1992 and nearly every dealer on the planet was more concerned with Morgans, Walkers and gold than hoarding a bag of "worthless" 1992 quarters back then. Ditto for the 1988(p) quarters. Also, a $1000 bag of quarters from 1992 already has a "carrying cost" of around $2,500 when one considers interest lost on the money. Who in their right mind would even consider keeping a bag of 1992 quarters back in 1992. The Registry wasn't even invented for another 6 years
"Personally looking for 1992 MS67 quarters going back to the late 1980's..." Well, there's the problem...
the word "like" is my only defense.
Just what was I doing in the early 80's?
Wondercoin
quantity. This date is almost impossible to find in rolls and nice ones in rolls are
very unlikely. The mint set coins often come extremely nice with satiny surfaces.
The date suffers a little from weak strikes, but this isn't a major problem. MS-66's
are also fairly available compared to some other of the early dates.
I'd guess the MS-66's account for about 2% of the original mint set coins. There is
a lot of trouble in the last few years with this date "turning" in the original mint
packaging. I lost several gem specimens. The dime also is in danger.
...And congrats on the '92-P Wondercoin.
<< <i>I'm having a dickens of a time finding MS69 2006 Lincolns. . . >>
Just be patient...I'm sure you'll find some eventually.
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
I have yet to find a 92-P 66 in looking at over 50 unopened mint sets.
I can't even imagine that one in MS67!
www.AlanBestBuys.com
www.VegasBestBuys.com
BTW I got some nickel rolls from the 60's too. I got a solid ms66 69-s nickel I believe, and so close to fs too. It is so bright and lusterous and sharply struck, way out of place from the rest of the roll. Very wierd.
A deal was proposed for me to take an ownership position in the coins, which I accepted. I personally graded the raw coins MS67, MS66 and (strong) shot MS67 and submitted the three coins on 4 day service. The coins came back yesterday MS67, MS66, MS66. I immediately cracked out the (2) MS66 coins and resubmitted them again. There is a good chance a second 1992(p) MS67 could be slabbed from these 2 beautiful coins next week.
One thing I want to explain - when I personally grade a coin like this clad quarter "shot MS67", that doesn't mean if it works it will be a horrible looking MS67 - quite the contrary. I often grade already slabbed MS67's as MS66's under my personal standard. Everyone has a personal standard. By no means is my personal standard the "right" standard - you will never hear me say that it is. I just wanted to answer your question honestly, but, explain the translation of my term "shot MS67".
Wondercoin
Your decision to crack out the 66s for resubmission makes me wonder: would you be better off with the ONLY ms67 rather than risk having a population explosion to possibly three 67s ??
this reminds me of an old Perry Mason episode: a stamp collector who has one of two rare stamps steals the second stamp belonging to a competitor.
He does not try to offer the stolen stamp for ransom but instead burns it so that his is the only remaining one, thereby increasing its value.
Gosh, Mitch, what happens if your pop one coin becomes a pop 3 coin -- even if you do have some connection to all three??
cheers, alan mendelson
www.AlanBestBuys.com
www.VegasBestBuys.com
wanna list a few more hard to makes so Clackamas has something to do
Go BIG or GO HOME. ©Bill
they are still available but they'll tend to run over $25 so most are being bought up by those who
are making date/mm sets for sale. These tend to have fairly decent strikes compared to most
circulation issues but the luster is often somewhat subdued. Like the mint sets, the marking is
the biggest problem. They tend to have much more marking than the mint set issues and it's
more uniform from coin to coin. This is based on having seen a much smaller percentage of the
population than the older clad issues.
This is one tough set. Even the regular issues have a lot of stoppers in choice grades and many
of the varieties are extremely challenging in any grade. The longer I collect these the more I ap-
preciate the circulated collection and some of these gems.
Alan: I work with at least (2) other serious clad quarter collectors who would LOVE to own a PCGS-MS67 1992(p) quarter for their collections. So, no - I do not believe I would be better off.
Great story on the stamps though!
Wondercoin
If I had it my way, stupidity would be painful!
Craig - The pop 1 coins tend to trade at a couple thousand dollars+ on up. I say "on up" because it is truly date sensitive. For example, if a pop 1 1969(p) clad quarter was ever slabbed in PCGS-MS68, I might be a buyer sight-seen at $5,000- $10,000, give or take. On the other hand, a pop 1 MS68 coin from the 1980's lets say - different story, as well as earlier date MS68's where the coin is common in all undergrades. Also, where the pop 1 is MS67 grade I believe a different pricing structure often applies as compared to MS68 grade pop 1's. Finally, as you know, I try to price the coin, not the plastic it resides it. Meaning I would pay significantly less for MS67.1 coins vs. MS67.9 coins as well as MS68.1 coins vs. MS68.9 coins. I would also endeavor to price the coins according to their true quality.
Just like silver quarters, or nearly every series for that matter, there is often a wide range in quality within the MS67 and MS68 grade levels.
Wondercoin
Wondercoin