Does anyone know what a roll of 1983-P quarters in uncirculated condition would go for?
rlawsha
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Does anyone know what a roll of 1983-P quarters in uncirculated condition would go for? Assuming an original bank wrapped roll. Here is an auction for one on eBay. It's not very often you can even find one of these. The guy has a reserve price of $875. That seems a little steep to me. What do you think? do you know where I could get a roll cheaper?
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Comments
WH
<< <i>That's actually a pretty good price. Greysheet Bid is $860 with Ask at $950. >>
Thanks for the reply, do you know of any dealers that might have these in stock?
<< <i>That roll that those quarters are in is no proof that this is an original bank wrapped roll of uncirculated quartes. These paper rolls are the same type that all coins get rewrapped in, whether circulated of from a mint bag from the Fed. >>
I have delt with that seller in the past on a group of 10 1983 souvenir sets along with several other items. All together I have probably had 3 or 4 transactions with him and they have all been good. I do believe he would be good on his 7 day no questions asked refund policy if I needed it.
You are partially correct about the wrapper. This wrapper is certainly not proof of originality as you note. This is a wrapper widely used to hand-wrap rolls. Rolls wraps by the Federal Reserve (actually really done by the armored car companies) are machine wrapped rolls. This is not one of those. However, it was not uncommon for smaller banks to hand wrap their own coins instead of paying for wrapping services.
The seller does not base his "original roll" description on the wrapper, however. He indicates that it is from his personal collection and it he got it at the bank in the year of issue.
WH
Yes they do.
WH
<< <i>Pardon my ignorance but do these sell for twenty bucks or more each? >>
Yes they do (in uncirculated grade). I recently sold one graded MS66 by PCGS for $299 though usually $250 is a little more realistic. They really do need to be in uncirculated grade to be worth more than a quarter though. Circulated ones usually don't command a premium.
WH
Glenn
<< <i>$10.00 + $9.00 ins. for shipping a roll of quarters. What a deal!
Glenn >>
Yes, that factors into the bid price for sure. I guess he thought no one would read that part.
anything if they believed it's original. Put together rolls are OK but everything would have to go
around MS-62 or better. (only about half of souvenir set coins are this quality). There is a market
for AU and nice XF coins developing. I've seen AU-58's advertised for sale as high as $20 and for
purchase up to about $15.
This is one of the most common AU's from the era in circulation because many got pulled out in the
mid-'80's and they are still trickling back into pocket change.
About a third of these have the type "d" reverse. All souvenir set issues are type "c" reverse.
The coin is not plentiful in any grade above nice attractive VF.
second sentence third paragraph added.
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
<< <i>I wouldn't give you more than face value.
Sunnywood >>
I guess you need not participate in this thread then.
<< <i>IrishMike,
Yes they do.
WH >>
That's a pretty good price. I've seen them advertised at $34ea for a BU
Jerry
He was suposedly dying of cancer almost two years ago ands only had months to live. I had good luck at first but then things turned a bit sour.
He likes to blame his errors on his grandson who is suposedly selling his collection for him. I found too many inconsistencies and he outright defrauded me on a GSA. He also still owes me a refund from almost 18 months ago as well.
I have found that his rolls are often put together after being cherry picked over. I bought a roll of supposed shotgun wrapped 41 lincoln cents from him that clearly turned out to be coins from 3 different rolls and I found a few D mint coins in that P mint roll.
I dealt with him alot for awhile, but I won't do it anymore. Bid at your own risk.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
is caused by a different grading standard rather than different coins. This is especially true if you've
seen large numbers of sets from large numbers of sources.
I've never seen any slabbed moderns in lower grades and don't know how the grading companies
grade at these levels. I do tend to estimate a coin's grade much lower if details are weak or missing
and have long maintained that for grading clad coins mint state grades are needed down to about
MS-35. In addition to virtually all of the '83-P souvenir set being less than fully struck there is a lot
of marking on most coins and the surfaces tend to be less than great. This isn't to say that souvenir
set coins are worse than roll coins; they aren't. These tend to be struck by newer dies and appear
to get a little better handling than regular issues. The best I've seen do not even approach the best
quality of regular mint set coins. The average coin is weakly struck (albeit from new dies) and unat-
tractive to those for whom strike is an important consideration.
These coins really do wholesale at $950 per roll. It is extremely easy to retail the clad quarter sets
but building them hits several road blocks. Many sets are assembled with sliders for key dates but
even these are getting harder to find. The '83-P is the most difficult date to find in MS-60 so there is
a very active market for the coin.
This date is one of the most common of all the eagle reverse clad quarters in AU and XF+ but is the
toughest in MS-60 to choice unc. There are a few dates that are tougher in gem.
82-P MS62
82-P MS63
82-P MS63
82-P MS63
82-P MS64
82-P MS64
82-D MS63
82-D MS64
82-D MS64
82-D MS64
82-D MS64
82-D MS66
The MS66 was a nice surprise but not the norm. as you can see, this batch averaged around MS63/64 but I didn't send in the worst examples. It's real tough to get 65's and 66's for 82 and 83 even from souvenir sets. As Cladking said, even if the grade is decent the strikes are usually weak.
Thanks for the info Deadhorse. I just bought '65,'66,'67 rolls of Kennedys from him so we'll see. (I probably wouldn't have if I had seen your post first
LINK TO FEEDBACK
Hey haletj, can you check on those rolls you know about and see if one might be for sale?
No I don't think any are for sale yet from that hoard I know about. I might be going back to that store next month and I'll ask.
<< <i>Hmm... Thanks... now I know how to just search to find neg feedback. I looked for a few negs but they were mostly about just taking a bit too long with shipping and such... Oh well, $25 for a roll of 40% Kennedys is not much over the price of silver even!
No I don't think any are for sale yet from that hoard I know about. I might be going back to that store next month and I'll ask. >>
Keep me in mind too if any of them are choice or type "d".
<< <i>I'm using the PCGS current coin values for my analogy. They say $10 a coin in 65. Thats what its worth. Too many nut cases on E-Bay paying way over what something is worth. >>
I haven't actually seen even an MS-60 for sale at less than $25 for a couple years now. It's
not unusual to see sliders priced for sale as uncs at this price. Forget the price guides on most
moderns since they are often not current and haven't had years to work out the bugs. Also for-
get finding a real gem of this date at any price unless it's slabbed. It's been years since I've
seen a gem for sale. In fact the last gem was in a lot of "10" '83-P souvenir sets I stumbled
onto about five years ago. Gems are VERY tough in these sets but this one should just barely
make the grade. It was cheap but only because most people price all moderns this way. The
other "9" P's were almost all choice.
I got my 1983 quarter like this... bought a 1983-p souvinir set, didn't like it, politely asked the seller if I could return it, and the seller said he has some nicer 1983 BU singles he would exchange. Guess what, I got a great gem 83-p quarter!
<< <i>Thats what its worth. Too many nut cases on E-Bay paying way over what something is worth. >>
You are in for a tough ride if you go by the PCGS guide. PCGS's job is to grade coins, not price them. Their "guide" is way off.
Cameron Kiefer