Why so much for THIS 1983-P quarter?
rlawsha
Posts: 1,033 ✭✭✭
This is nuts. Here is a completed eBay auction for a PCGS MS66 1983-P quarter.
Here is a link for an NGC item graded the same.
The PCGS sold for a final price of $212.50 which is about right. The NGC coin still has four days to go and it is at $306.23 already. It's hard to tell from the pictures but I would bet the PCGS specimen is a lot better looking coin than the NGC specimen.
Here is a link for an NGC item graded the same.
The PCGS sold for a final price of $212.50 which is about right. The NGC coin still has four days to go and it is at $306.23 already. It's hard to tell from the pictures but I would bet the PCGS specimen is a lot better looking coin than the NGC specimen.
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Comments
CG
Russ, NCNE
<< <i>Looks to me like a case of the right couple of bidders coming along.
Russ, NCNE >>
Yes, could be a registry battle.
<< <i>Gee, I wonder how many of those I fed into parking meters.
CG >>
You had about a one in three chance of getting a quarter this nice of
condition during '83 to '85 time frame if you weren't looking for one or
buying rolls from the bank. In all probability though your specimen
would not have had the strike qualty to even make MS-65.
Liberty: Parent of Science & Industry
The NGC picture isn't showing up for me.
<< <i>You had about a one in three chance of getting a quarter this nice >>
Yeah but I fed a lot of parking meters.
CG
and it sets us apart from practitioners and consultants. Gregor
<< <i>can I get one in MS62 for a buck, and use the other couple hundred to buy an interesting old coin? >>
The wholesale price on an MS-62 is $25.
<< <i>Looks to me like a case of the right couple of bidders coming along.
Russ, NCNE >>
For the Seller That Is!
TorinoCobra71
<< <i>can I get one in MS62 for a buck, and use the other couple hundred to buy an interesting old coin? >>
How many people have fantasized about going back in time to the early part of the 1900s and picking up newly minted rolls of coins from the bank? The Washington quarter *is* interesting, we're just to close to it and familar with it to realize that. The eagle on the reverse looks very, very nice in my opinion.
Only the Rich who can wait an entire week for their money can play that market!
<< <i>
<< <i>can I get one in MS62 for a buck, and use the other couple hundred to buy an interesting old coin? >>
How many people have fantasized about going back in time to the early part of the 1900s and picking up newly minted rolls of coins from the bank? The Washington quarter *is* interesting, we're just to close to it and familar with it to realize that. The eagle on the reverse looks very, very nice in my opinion. >>
It's not too late! You can still get brand new rolls of 1799 and 1883-S trade dollars from China for only $100 per roll!
Obscurum per obscurius
What's hard to believe is that modern stuff for which I am a collector of can be so high.I am amazed as I look at some of my mint sets that I have cut up and stored away carefuly .. saving each cut-out seperately in 2x2s could possibly be holding some of these gems.
Do these shop at home TV sale shows hold these gems also????
My sets have been saved for many years......I hope they yield a better value than those....................
<< <i>
Do these shop at home TV sale shows hold these gems also????
>>
No. They might have saved nice coins of the things they've sold but they don't sell this sort of coin.
It would be fascinating to see how it sold on the show and what the demand would be in this audience.
They didn't sell a lot of stuff like mint sets before 2000 so even if they cherry picked them they wouldn't
have had much in those days. Since 2000 they've sold substantial amounts of such raw coins but virt-
ually no slabbed examples. This could mean they are being hoarded or wholesaled or ignored. You might
believe that these guys get the very lowest quality but this isn't really true. Most of the only low quality
stuff on the market is the shop worn sets and smaller lots. These guys buy sets in sufficient quantity that
they'll get a mixture of the worst and the best with a weighting toward the best.
hmm, that still seems like a lot for such a recent coin with such a high mintage, that can still be found in circulation. How much is a very fine?
Liberty: Parent of Science & Industry
<< <i>The wholesale price on an MS-62 is $25.
hmm, that still seems like a lot for such a recent coin with such a high mintage, that can still be found in circulation. How much is a very fine? >>
The typical coin in circ is VF. Most of these are quite unattractive because coins are exposed
to more banging than rub now days and because many were poorly struck and/or struck from
worn dies. Nice VF's are easy enough to find. Nice XF's are found with little more effort. It is
in AU where these get tough. Because these coins (unlike any other eagle reverse 25c) were
pulled from circulation in the mid-'80's there are a few AU's when these filter back into circulation.
Typical AU's will wholesale at up to $8 and nice AU's can retail at up to $25.
The wholesale price for this roll is $1000 or $25 per coin. Frankly there are some rolls that won't
bring this price. Many of these coins are very unattractive and if you offer such a roll that doesn't
appear to be original for any reason, it won't sell except at a steep discount. Buyers will accept
MS-60 if they are in an original roll and undamaged otherwise they expect the coins to not have
flat lettering and flat luster. Even in the souvenir sets there are many coins with poor strikes. These
will normally have nice luster and grade MS-62 - 64.
I have to suspect that a significant percentage of the MS-65 and better coins have been graded.
There are small caches of these all over but few will contain very high grade coins. Those which
do exist should dribble into the services for many years so long as the price is increasing.
very
Liberty: Parent of Science & Industry
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
I know I had read the boards a while before I joined and took some Hints................................
<< <i>I bought an original bankwrapped roll of 83-p for $1050. I didn't remove any coins as the best was only a shot at ms65, not worth the effort to submit. I ended up reselling the roll on ebay after a while for $895. I had taken it to the Santa Clara show but only got offers in the low $800's. Know what dealers told me, the shop at home guys put AU coins in there BU sets (
A lot of the put together sets I see have AU coins in the '82 and '83 slots. This is
a particular problem with the '82-P quarters because Numismatic News did stories
on the difficulty of finding these as early as May of 1984. These were still AU's in cir-
culation and many were pulled out. There aren't nearly as many of the '83-P's be-
cause it was '87 before it was obvious that these were also scarce. Believe it or
not the '82-P may be scarcer in true unc than the '83-P and is almost certainly tough-
er in choice unc and higher. The '83-P exists with two different reverses so this may
double the demand in the long run.
The older clad quarter keys aren't affected by such considerations. Not only are
there no AU 1969 quarters to substitute into sets, there aren't even any XF's, VF's,
or F's. At least not in the quantities needed to make these sets. Even locating and
acquiring a single XF would be a large job.
Well, here's a link to a BU Roll of 1969 quarters that you can buy for less than face value
maybe if you carried some around for a while as pocket pieces you can make some of those hard-to-find XF coins.
Liberty: Parent of Science & Industry
Cladking, you are wise. Your depth of knowledge of stuff like that is really amazing! I'm not kidding either!
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>1969 quarters are scarce?
Well, here's a link to a BU Roll of 1969 quarters that you can buy for less than face value
maybe if you carried some around for a while as pocket pieces you can make some of those hard-to-find XF coins. >>
It looks like an original roll but I strongly suspect it's a '69-D. '69-D rolls are very scarce
as well but several times more common than the Philly coin. It's not only the smudge where
a mintmark would be but also the fact that these are struck like the Denver coins. Few P's
have this look or the strike quality. Even if they are Phillys, it's not that rolls are rare, merely
that they aren't seen. I've checked ebay many times for these and haven't seen an original
roll. Certainly there are rolls on occasion but typically they are mint set rolls.
A truly ugly uncirculated clad quarter will always turn into a truly ugly XF clad quarter. Wear-
ing down a nice '69 quarter would not be wise. If you wear an ugly coin down far enough
it will be attractive but some are so poorly made it will probably be lost or destroyed first.
No clad quarter is scarce in MS-60 or even in MS-63. Choice coins of some dates (like the '69)
are tough enough that a mass market cannot be supported with the few in
existence. It is gem condition where many of these start getting tough and superb gem that
most are tough.
Bushmaster8; Thankyou.
I have a couple of MS 1983P quarters that are fairly nice examples. Over the past year or so I have taken an interest in looking for and picking up MS clad quarters at face value or $.10 over face. Some are quite nice with great luster, color and eye appeal. I am just putting them away in Whitman albums or in the hard plastic flips.
Some of the MS clad quarters I have acquired have unbelievably nice multi colored toning. These toned clads are very attractive.
Who knows, one day I may even may some money off of these coins.
and it sets us apart from practitioners and consultants. Gregor