Bought it (Was: Price check) - MS63 1916 Barber Quarter

Theop · August 31, 2004 10:23AM

Stopped by my local store today and noticed a nice 1916 25c Barber which would be nice in my type set.
It's in a PCGS MS63 Green Holder.

Coin is white with nice luster.
Only major mark is a hit on the lower right of the shield on the reverse. Obv is very clean.

Price would be $299 after sales taxes. Any opinions on the price? I know trends is $275.

If in the ballpark of a decent deal, I'll buy it. I was looking for something similar at the recent 200 table Dalton show and couldn't find any PCGS 1900's barber quarters in MS62-3 PCGS.

Wisconsin · August 31, 2004 10:48AM

Gerysheet bid is $215 and ask $235 if that helps at all. $300 would seem on the high side unless the coin is unusually nice and has some color to it.

Jay

coynclecter · August 31, 2004 11:06AM

I bought a 16D Barber Quarter MS64 in an old green holder a couple years ago. It just came back MS65. If it looks nice, take a shot. They were a lot tougher on them before.

Theop · August 31, 2004 11:46AM

Thanks for the replies and the greysheet look-up. Just trying to figure out of the greysheet is on track here.

The only other current comparisons I can find are here, which are similarly priced.

Wayne Herndon 1

Wayne Herndon 2

coynclecter · September 1, 2004 12:12PM

I'd also suggest you put in a request on the BST board if someone has one for sale.

pursuitofliberty · September 1, 2004 1:43PM

I mostly collect 55/8 to 62/3 pieces, and I think the sheets at 60/63 are close for more common dates ... the 16 is common, but certainly the better date for the year ... premium for eye appealing surfaces and especially premium luster can make that price almost worth it though (IMHO)

just my 25c worth

Theop · September 2, 2004 1:33AM

Thanks again for all the advice.

The coin is very nice with good luster and a very clean obverse. I think I'll go ahead and get it although the price is probably on the high side.
I don't really want to buy one sight-unseen and I know the local show dealers don't have any similar type pieces, no did they 4 months ago.

I figure, better to pay a little more for a coin I like than a little less for a coin I don't.
At least I am giving the money to a dealer I like.

This one recently sold on teletrade for $300 plus juice. I like mine better.

As always when I buy at my local shop, it's the sales tax that hurts me on this deal. $275 before and $300 after stupid TN 9.25% sales tax.

Artist · September 2, 2004 2:27AM

Some coins regularly sell for much less than their book values - MS 63 20th Century Liberty Gold comes to mind. However, I think MS 63 Barbers typically sell for more. Probably because there just aren't that many around. Right now, there are 1,045 Barber Quarters on Ebay - of those, only 5 are PCGS or NGC MS 60 to MS 63.

I am working on a 1900 year set, $.01 to $20, all in MS. I paid $305 for an NGC MS 63 quarter, sight unseen, and I am glad I did because it is the only one I have come across in a year and half of looking. (And also because it it turned out to be a very nice 63!)

sliderider · September 2, 2004 4:35AM

I'd try to haggle over the hit on the reverse. You're overpaying for an obviously damaged coin, even if it is pretty and hard to find.

kieferscoins · September 2, 2004 4:39AM

<< <i>I'd try to haggle over the hit on the reverse. You're overpaying for an obviously damaged coin, even if it is pretty and hard to find >>

What? haggle over something that is hard to find? Damage? Its slabbed by PCGS and a bagmark is not damage.

Cameron Kiefer

Theop · September 2, 2004 5:16AM

Haggling is a good idea, but I know they will only go 5% below the marked price.

As for not buying a damaged coin, I guess I need to hold out for a MS70 specimen?
I think the hit is the reason it is a 63, because the rest of the coin is very clean.

Actually, I'll probably have some pics to post soon.