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Wanna see what 1 grade point of clad Washington quarter will buy?

lordmarcovanlordmarcovan Posts: 43,564 ✭✭✭✭✭
in PCGS Set Registry Forum
I had a 1986-S Washington in PCGS PR70 DCAM, as well as an SBA in the same grade. Since I knew that bringing the rest of the moderns in my type set up to 70 was economically unfeasable for me, and I still needed a few gold coins, I decided to downgrade the 70 DCAM coins to 69 DCAM and put the proceeds into filling some empty holes in the set. I'd bought my 70 DCAM's on Teletrade back around '98, and spent well under $100 for each. In the case of my quarter, I swapped with someone else who had a 69 DCAM, and he sent me a check in addition to his coin. To my eye, there was scarcely any difference between the two quarters, though I'll admit my old 70 DCAM had a tiny bit heavier frost. We both were happy with the deal.

So now I have a pretty DCAM quarter that basically looks as nice as my old one, plus I have THIS. Pretty amazing what you can buy by downgrading a clad quarter one teeny point, eh? image

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Comments

  • MarkJudeMarkJude Posts: 355 ✭✭✭
    That is a nice looking "point" you purchased.

    I also remember you did quite well with the sale of your SBA on ebay.
    Are you going to show us what you did with the other "point"?

    MarkJude
    I'm here to learn a little something...
    Mark's Mattes
    Mark's Cameo SMS Set
    Mark's Non-Cameo SMS Set
  • lordmarcovanlordmarcovan Posts: 43,564 ✭✭✭✭✭
    Your wish is my command... image

    Here's what one point of SBA dollar gets (if you add a few circulating paper dollars into the pot with the downgrade money...)

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  • MarkJudeMarkJude Posts: 355 ✭✭✭
    Also a very nice looking coin.

    Good for you!

    MarkJude
    I'm here to learn a little something...
    Mark's Mattes
    Mark's Cameo SMS Set
    Mark's Non-Cameo SMS Set
  • clevegregclevegreg Posts: 909 ✭
    Nice coins! You are a smart man. I haven't ever seen any 70s that are 70s to me, so I have made the decision not to include any in my set. It costs a couple of points, but it also allows me to spend my funds on higher graded "historic" coins which I personally feel have more bang for the buck.

    Greg
  • MarkMark Posts: 3,542 ✭✭✭✭✭
    Rob (Lordmarcovan):

    Those are very nice gold coins. I think they are well worth the 1 point difference in your other coins. This is especially the case because if the many predictions of crashing prices for modern coins come true, you might wind up with the gold and the 70's!

    Mark
    Mark


  • HigashiyamaHigashiyama Posts: 2,192 ✭✭✭✭✭
    Good choice!
    Higashiyama
  • supercoinsupercoin Posts: 2,323 ✭
    Ever the contrarian, I have to point out what else your 1 point would have bought:

    image

    Now get back there and buy some more clads before I tell your wife. image
    imageLibertarian Party
  • lordmarcovanlordmarcovan Posts: 43,564 ✭✭✭✭✭
    Hey- I did get some clads today... two of 'em!

    Hmmm... let's see (digs in pocket)...

    A 2000-P VA quarter, MS62-ish. A 2001-P VT quarter, MS65, semi-prooflike. Beautiful.

    And if I wanted to walk on the beach, I could do it for less than the cost of the two coins I just mentioned. It's less than 100 yards away.

    Of course, I'm at work:

    image

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  • khaysekhayse Posts: 1,336 ✭
    LM,

    Nice downgrades!

    So "spending" two points gets you 124?
    That's the way to improve your collection alright.

    -Keith H
  • pmh1nicpmh1nic Posts: 3,290 ✭✭✭✭✭
    I can't argue with that exchange. Exchanging 1 point to get another very nice clad coin with one or two miniscule marks in some obscure location that are probably unnoticable without very close examination under magnification and in addition getting a very nice classic gold coin. That exchange shows a depth of intelligence, wisdow, discernment, insight, perspicacity and business acumen all of which probably also explains why you have the good fortune to enjoy that wonderful ocean view from your home.
    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • boiler78boiler78 Posts: 3,060 ✭✭✭✭✭
    LM
    Those look like very high end 62 coins.
  • ChippewaChippewa Posts: 17
    LM

    Great work. I am betting that if you covered up the grades on 20 clad coins (made up of 10 PCGS 69's and 10 70's) and asked a sample of collectors to sort them into the two proper piles the results would be all over the map. And that is today. If you did the same thing in twenty years with the same coins I doubt if anyone could get it right.
    Collect PCGS and NGC certified U.S. Type, early Commems and gold dollars
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    What MS-70 clad coin did you downgrade to get that beachfront property you showed?
    image
    Obscurum per obscurius
  • littlewicherlittlewicher Posts: 1,822 ✭✭
    That's where he works.


    For some life lasts a short while, but the memories it holds last forever.
    -Laura Swenson

    In memory of BL, SM, and KG. 16 and forever young, rest in peace.
  • gripgrip Posts: 9,962 ✭✭✭✭✭
    LM,
    Smart coin selling and buying.I was picturing myself playing a round of golf on that Beach front propertyimage.Al
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