Home U.S. Coin Forum

Is the 1909-O quarter really worth this much above the PCGS price guide?

2

Comments

  • dogwooddogwood Posts: 1,935 ✭✭✭✭
    That's a nice PC45.
    There aren't many good XF and AU coins for the set collectors, but aside from that, as has been stated, there are PLENTY of VFs out there.
    One dealer out here in CA has a PC35 priced around 1200 sitting in his case the last couple of shows.
    Once again for the record I got 1600 for a PC45 and 2600 for a PC55 in 2009.
    It's a fun anomaly in the series.
    We're all born MS70. I'm about a Fine 15 right now.
  • MFHMFH Posts: 11,720 ✭✭✭✭
    Here's the coin I bought out of Labelman87's collection in December... I flew up to
    Atlanta to pick it up -

    Yes... that's a GOLD CAC STICKER

    image


    Coin was snapped up at FUN on the first day ...
    Mike Hayes
    ~~~~~~~~~~~~
    Coin collecting is not a hobby, it's an obsession !

    New Barber Purchases
  • DrPeteDrPete Posts: 1,497 ✭✭✭
    It seems there are more collectors of these coins in F to AU than there are in uncirculated. Pricing these as the market currently is, goes against conventioinal wisdom. Generally, the better preserved a coin, the more valuable. Thus, it does not make conventional "sense" for an EF or AU coin to sell more that an establish price for an MS 64. We have seen this with rarer dates, especially in the Barber series of halves and quarters (seated coins can do the same). Part of it is that the remainder of the series is more likely to be purchased at a more conventional prices, but to complete the set in like grade, the competition, and therefore price, are higher than expected. If one had a complete set of barber quarters in VF/EF and needed the 09-O, to have a matched set, they need a VF/EF coin, not an MS 64. To fill that last hole you have to pony up.

    I have heard people (hopefully in jest) say they could take an uncirculated coin and intentionally carry it as a pocket piece for a time to get it to a high AU grade and it would be more valuable. That sends shivers down my spine to think of doing that with a valuable coin.

    I recall that a PCGS AU58 1897-O half dollar sold for something like $17,000 not too long ago. There is an NGC 66 certified example in the upcoming Heritage Central States show that has a bid of $2200 on it right now. I think it will sell for more than that, but this just doesn't make practical sense. It only takes two people who really wanted the nearly unique AU58 example to push the price so high.
    Dr. Pete
  • STONESTONE Posts: 15,275
    Mike, that coin looks solid for the grade. I don't see why it received a Gold Sticker?????
    The toning is attractive, but there's definitely enough wear to call it a solid/strong 55




    << <i>Here's the coin I bought out of Labelman87's collection in December... I flew up to
    Atlanta to pick it up -

    Yes... that's a GOLD CAC STICKER

    image


    Coin was snapped up at FUN on the first day ... >>

  • MFHMFH Posts: 11,720 ✭✭✭✭

    Peter,

    The XF 45 collection of Barber Halves you purchased en masse from
    Craig Peterson contained a 1905 Philadelphia. Do you realize he searched
    for years looking for that date in XF 45 ? He finally resorted to cracking out
    a few coins and using them as pocket pieces until he thought they would
    get the grade he wanted. I believe there were at least two NGC 50's and a
    PCGS 50 he tried that with. It was a mixed bag when he got the coins back,
    the PCGS 50 came back as AT, and one of the NGC 50's slipped into a 40.
    I do believe one of the NGC 50's was the one that finally holdered as a 45.

    Locating that coin was a "Quest for the Holy Grail" for Craig. At one point he had
    mentioned that he'd pay a $500 reward to anyone who would just lead him to
    any 1905 Phila that would eventually holder as an XF 45. That's alot of money
    for a coin most think is only worth $350 in XF 45. For the price of an AU 50 plus
    the finders fee of $500, he could have located a really nice lower grade MS coin.

    When I started collecting Barbers, I didn't want to attempt the Quarters until I had
    located an AU - 1909-O . That was back in 1996. I gave that task of locating that
    coin to Liz Coggan. It took her a few months of searching, but I got my AU - and
    Liz mentioned that it wouldn't grade at PCGS and I took her at her word. I sent it
    to ANACS - as they net graded coins back and it was holdered UNC details -
    Net AU 50. It was not cleaned harshly - there were no prominent hair lines - I would
    at best say it was once lightly rubbed with Baking Soda and water ( when I was a lad,
    millions of years ago, I was guilty of doing that to remove unsightly "tarnish" ).

    So, after finishing my set of Quarters - and never having seen another 1909-O in
    PCGS AU 53 thru 58 - I decided to buy a choice MS 64 from John Marburger.

    The 1909-O in a PCGS 55 with a Gold CAC - was originally offered to me sight unseen
    back in 2006 from a former board member ( Bushmaster8 ). Timing was everything,
    and while taking my 89 year old Dad to my cottage on Cape Cod, the coin sold to another
    friend of mine, Irv Reichel of Boynton Beach. That didn't set well with your's truly but it
    was out of my hands. Irv Reichel eventually sold off his Quarters - and he had already sold
    the 09-O to Labelman87 by the time I heard he was selling his collection.

    Missed out again... So, when Labelman87 mentioned he was reworking his Barber Quarters
    into a Date Set - he decided to sell off the 09-O directly to me - and I was given the opportunity
    of having his Quarters as a consignment. Of course I jumped at the chance of finally getting
    the elusive 09-O in hand and when doing so, the images originally shown me of this coin were
    "juiced" and the coin albeit fantastic was not what I had hoped it to be. It was more muted than
    expected. Otherwise, I would not have sold it at FUN ( undisclosed amount for the buyers' privacy ).
    All I will say is that I sold my Marburger MS 64 for almost a $1,000 less than the AU 55 Gold Beaner.

    In answer to your question, Winston, I have no clue why this coin got a Gold CAC sticker. The coin
    is a solid AU 55 - nowhere near a 58. I think the coin should gave green stickered, but, if they
    took color into consideration, then I can see the Gold Bean. The coin has a lot of Pizzaz for sure.




    Mike Hayes
    ~~~~~~~~~~~~
    Coin collecting is not a hobby, it's an obsession !

    New Barber Purchases
  • MoldnutMoldnut Posts: 3,101 ✭✭✭✭
    I was able to purchase this one for $495 a few weeks ago.

    image
    image
    Derek

    EAC 6024
  • ManorcourtmanManorcourtman Posts: 8,058 ✭✭✭✭✭


    << <i>I was able to purchase this one for $495 a few weeks ago.

    image
    image >>



    YOU Suck!! Congrats!!
  • Cougar1978Cougar1978 Posts: 8,319 ✭✭✭✭✭
    CDN wholesale Bid for a 1909-O Barber Qurater in VF is $400. I would retail a VF 20 between 550-600 assuming I could find one at Bid or less. NN lists a VF20 at 450 (too low IMO as wholesale ask is 435) and CW lists a VF20 at $300 (if they have one for sale at that my check wb in tomorrows mail LOL). Both publications prices appear in need of updating as auction results indicate a much higher number. You might find someone willing to give one away for say 500.


    I like the VF25 and AU55 displayed. The AU 55 CAC gold is a beauty - its at least AU 58 what a beautiful coin! I think I would fly to go get it too.
    Coins & Currency
  • coolestcoolest Posts: 2,281 ✭✭✭
    I think I found a dealer to pay $140 for my PQ 1909-O PCGS VF30 when I sold my set a while back.
  • MFHMFH Posts: 11,720 ✭✭✭✭

    Found out this morning that our fellow Barber Quarter enthusiast, Lenny Rizzo,
    has penned an article for The Coin Dealers Newsletter ( I assume that is the Grey Sheet).

    Lenny is an authority on Quarters and discusses the discrepancies of pricing Barber Quarters
    on Grey Sheet and in the Real World. WalkerGuy21D mentioned that he found it amusing that
    this article slamming The Grey Sheet's pricing should be on the front of this issue.

    Without seeing the issue in person, I am sure he goes into some detail of the 1909-O Quarter,
    as the image I posted of the 09-O in PCGS 55 Gold CAC - is the coin I sold to Lenny last January.

    Mike Hayes
    ~~~~~~~~~~~~
    Coin collecting is not a hobby, it's an obsession !

    New Barber Purchases
  • coolestcoolest Posts: 2,281 ✭✭✭


    << <i>found it amusing >>



    I find it astonishing!

    Assuming it is a slam on their pricing, i haven't read it.
  • Walkerguy21DWalkerguy21D Posts: 11,497 ✭✭✭✭✭
    Mike paraphrased it a little bit - here is what I posted:

    This month's Coin Dealer Newletter Monthly Supplement has a fairly extensive article on Barber quarters, with most of the focus on the semi key dates in XF and AU. It's written by Leonard Rizzo (I don't know him, but maybe some of the Barber fanatics do).
    And it's somewhat ironic that he speaks extensively of these coins selling for multiples of 'price guide values', given that it's on the cover of the Grey Sheet image

    There is no outright slamming per se, and he does not mention Grey Sheet/CDN by name, but it is certainly 'between the lines' that their pricing is way out of line on certain issues.
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • ElmerFusterpuckElmerFusterpuck Posts: 4,733 ✭✭✭✭✭
    ttt in honor of the upcoming New Orleans show. The market still hot for the 1909-O? Hardly ever see it in dealer inventories in problem-free condition.
  • LogPotatoLogPotato Posts: 2,177 ✭✭✭✭
    One in XF just sold at HA CS for about 1800. Evidently it still has some demand.

    Edit: Heritage Auction
  • dogwooddogwood Posts: 1,935 ✭✭✭✭


    << <i>One in XF just sold at HA CS for about 1800. Evidently it still has some demand.

    Edit: Heritage Auction >>



    Including an active "flip" solicitation, apparently, so the buyer thinks there's still room.
    I have one in for grading with The House now which I think is a nicer looking coin than that 40.
    No expectations, but I hope the graders think so as well. This is the part I like best!
    Would mention the fact that PCGS bumped the prices up a bit recently to 700 in 40 and 975 in 55.
    We're all born MS70. I'm about a Fine 15 right now.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>One in XF just sold at HA CS for about 1800. Evidently it still has some demand.

    Edit: Heritage Auction >>



    The Lot right after that one was a 1909-O quarter in NGC MS63 that sold for $6462.50!!! Looked like a pretty average white example too. Had nice luster, but plenty of hits too.

    The PCGS Price Guide lists an MS63 at $2500
  • SAM5969SAM5969 Posts: 1,216 ✭✭✭
    A few months back, Harry Laibstain was selling a 40 at $2500 .. Lasted 6-8 weeks on his website .. Figured it was sold but appears the coin was consigned to Heritage Appeared to be the same coin - didn't check the cert #)... Perhaps he bought it back as it is back on his site for the same $2500
    imageimage
  • LucanusLucanus Posts: 424 ✭✭✭
    Scott,

    That was the same unattractive 09-O that Harry had listed for $2500 that sold last week in the Heritage auction for $1800.
    1909-O quarters still have tremendous demand in XF-MS, and retail prices continue to be a joke.

    Doug
  • LogPotatoLogPotato Posts: 2,177 ✭✭✭✭
    Glad to see an XF may not cost a limb anytime soon. I thought it was a bit of an odd price jump when a recent 25 that sold went in the 600's and was a decent looking coin.
  • MoldnutMoldnut Posts: 3,101 ✭✭✭✭
    Teaparty just listed a VF30 at $1699 image
    Derek

    EAC 6024
  • MowgliMowgli Posts: 1,219


    << <i>Teaparty just listed a VF30 at $1699 image >>



    I think they have lost their minds.
    In the land of the blind the one-eyed man is king.
  • SAM5969SAM5969 Posts: 1,216 ✭✭✭
    Fast run up for that coin .. I liken it to the metals market of 2011 or the housing market or any other market that runs up too far too quickly ... tread lightly !!

    I wouldn't be surprised to see it sell at that number though. Someone will likely pay for it. Not eye said the blind man but someone likely will. Keep testing higher ground to find where the line of resistance stands......
    imageimage
  • GManGMan Posts: 790 ✭✭
    Here's the 09-O I have in my 7070.

    image

    If it were a wee bit better and didn't have the huge gash on the nose, it might be worth holdering. image
    GMan
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    $1699 seems pretty aggressive for a VF30... but after seeing an NGC MS65 sell for $14,100 (well over the $8500 PCGS Guide Price) last week at Heritage in Chicago maybe not image

    LINK

    I didn't see that MS65 in hand, but the price is enough for me to think about cracking out my PCGS MS64 and trying to get it in an NGC 65 holder image

  • ConnecticoinConnecticoin Posts: 12,918 ✭✭✭✭✭


    << <i>$1699 seems pretty aggressive for a VF30... but after seeing an NGC MS65 sell for $14,100 (well over the $8500 PCGS Guide Price) last week at Heritage in Chicago maybe not image

    LINK

    I didn't see that MS65 in hand, but the price is enough for me to think about cracking out my PCGS MS64 and trying to get it in an NGC 65 holder image >>



    That coin has turned out to be quite a nice investment since I sold it to you! I am glad it has stood the test of time in your #1 Registry Set.
  • dogwooddogwood Posts: 1,935 ✭✭✭✭
    Didn't JJT have a PC40 09-o last month listed for 2700?
    Don't see it listed anymore.
    So there's something.
    We're all born MS70. I'm about a Fine 15 right now.
  • Cougar1978Cougar1978 Posts: 8,319 ✭✭✭✭✭
    CW Trends for a 1909-O in Good is $50 and $150 in VG. Yes it most certainly is worth that. CDN wholesale is $34 for Good and $88 for VG.

    CDN bid for fine is $350 (I recently sold one at a show for $495). CDN bid for a VF is $500 and I would price it around $700 for retail.

    Many people are putting these in their albums and demand for better date Barber Quarters is always brisk. I believe many of these issues are way undervalued. I price this kind of material at the higher of CDN Bid (plus 30% margin) or CW Trends.
    Coins & Currency
  • Cougar1978Cougar1978 Posts: 8,319 ✭✭✭✭✭


    << <i>A 1909-O in PCGS VG08 just sold tonight on eBay for $83.00 + $4.50 shipping.

    PCGS Guide has a VG8 at $40 and my 8/2009 Greysheet has it at $28-$31 in VG. >>



    Looks like you need to get an updated greysheet - the Aug 2013 issue has VG at $88 bid. I would retail such a piece at $125.
    Coins & Currency
  • LogPotatoLogPotato Posts: 2,177 ✭✭✭✭


    << <i>

    << <i>Teaparty just listed a VF30 at $1699 image >>



    I think they have lost their minds. >>



    If they have people paying their prices, your comment is debatable. I may not agree with it, but maybe the current market does.
  • MFHMFH Posts: 11,720 ✭✭✭✭

    I was able to secure a really sparkley PCGS MS 63 while at the ANA... just sent it to
    my friend Labelman87 - its one of the flashiest examples I have ever seen.

    Not my place to discuss price - but I once bought a new Cadillac Seville for less. image
    Mike Hayes
    ~~~~~~~~~~~~
    Coin collecting is not a hobby, it's an obsession !

    New Barber Purchases
  • Dave99BDave99B Posts: 8,559 ✭✭✭✭✭
    Great thread, gents.

    I noticed JJ Teaparty's example today, as I'm always looking for opportunities to upgrade my ANACS VF30 example (Teletrade, Aug 1999, $150).

    I frankly don't care for the look of their example. I prefer my circulated Barbers a bit darker, a bit dirtier. I expected more, given the $1700 price tab. I wouldn't trade my ANACS example for theirs.

    Tough date, for sure, in 'original' VF30. Brutal date.

    It will be interesting to see how quickly it moves. I wish them well, as the folks at JJ Teaparty are very nice.

    Dave





    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • barberkeysbarberkeys Posts: 4,156 ✭✭✭✭✭
    Mike - You're the one who bought that 09-O. It was very attractive. I look forward to pics in the mega-thread.


    Vern
    l
    It's not having what you want, it's wanting what you've got.
  • Dave99BDave99B Posts: 8,559 ✭✭✭✭✭
    Interesting, the 09-O has disappeared from the Teaparty site image

    Dave
    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • MowgliMowgli Posts: 1,219


    << <i>Interesting, the 09-O has disappeared from the Teaparty site image Dave >>



    This is just like being at home - I'm wrong again. They are not out of their minds for pricing the coin at $1699.
    Can I argue that someone is out of their mind for paying that much? I guess not.
    In the land of the blind the one-eyed man is king.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    And back to the main topic of the thread... a VF30 is selling/sold for somewhere in the $1699 neighborhood... but the PCGS Price Guide lists an AU55 at $1000...

    At the other end of the scale, an NGC MS65 sold for $14,100... but the PCGS Price guide says a PCGS example in the same grade is worth $8500...

    image
  • rheddenrhedden Posts: 6,629 ✭✭✭✭✭
    A friend of mine who sold me his set of mostly MS Barber dimes also had a complete set of Barber quarters housed in PCGS old green holders from 1989, except for four bagged coins in flips. These were the PCGS holders that came out right after the rattlers, with the labels that turn yellow. Grading was very conservative. The 1909-o was a PCGS MS61 with nice luster. Looked like a modern-day MS63. It killed me to see that one get away, but he wouldn't break up sets for any money. I did not buy the Barber quarter set, which would have been dominated by the cost of the three key dates- which each had AU55-58 details with harsh cleaning (ouch!).







  • MoldnutMoldnut Posts: 3,101 ✭✭✭✭
    After looking at this listing, I guess the Teaparty coin was a steal.link.image
    Im wondering what their buy prices are on this date a mint markimage
    Derek

    EAC 6024
  • ConnecticoinConnecticoin Posts: 12,918 ✭✭✭✭✭


    << <i>And back to the main topic of the thread... a VF30 is selling/sold for somewhere in the $1699 neighborhood... but the PCGS Price Guide lists an AU55 at $1000...

    At the other end of the scale, an NGC MS65 sold for $14,100... but the PCGS Price guide says a PCGS example in the same grade is worth $8500...

    image >>



    So yours is worth $7,000 by interpolation! Probably about right.
  • Dave99BDave99B Posts: 8,559 ✭✭✭✭✭
    Moldnut, that VF30 example on eBay is superior to the Teapary example, IMO. Great coin!

    But almost 2K? Wow...repeat....wow.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • MFHMFH Posts: 11,720 ✭✭✭✭

    The PCGS price guide for an MS 65 is way off.
    It's closer to a MS 63 + price.

    Mike Hayes
    ~~~~~~~~~~~~
    Coin collecting is not a hobby, it's an obsession !

    New Barber Purchases
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    Two more MS 1909-O Barbers at auction tomorrow in the Heritage sale.

    Lot 3717 is an NGC Unc Details - Cleaned with a current bid including the juice of $1763... nearly the $1800 price for a PCGS MS62 per the Price Guide.

    Lot 3718 is an NGC MS62 with a current bid including the juice of $5581... over the MS64+ Price Guide price of $5250.

    Someday the Price Guide will catch up... it's only been a few years now image


  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    With 14 days left in the auction, a PCGS AU50 example at Heritage is already bid over $3000 w/ the juice... PCGS Price Guide is $900...

    Even the Greysheet has caught up with the real market value much more so than the PCGS Price Guide (even though they're still behind). They list an AU50 coin with a bid of $1800 (double the PCGS guide price).

    Can't think of any other coin where the PCGS Guide has been so far off for so long, despite plenty of auction results.

    Also can't think of too many other coins where the Greysheet is double the PCGS Price Guide... usually it's the other way around image




  • dogwooddogwood Posts: 1,935 ✭✭✭✭
    Thanks for the update. Be interested to see where that 50 tops out.
    We're all born MS70. I'm about a Fine 15 right now.
  • MFHMFH Posts: 11,720 ✭✭✭✭


    << <i>Thanks for the update. Be interested to see where that 50 tops out. >>



    Dennis and Mike,

    A friend who is very much into Barbers for over 40 years,
    and I were chatting about this AU 50 ... He feels it's under
    graded. He feels it should be in an AU 53 holder.

    Guess I should take a second look. With bidding already
    over $3000, I am not a player on this coin.

    Mike Hayes
    ~~~~~~~~~~~~
    Coin collecting is not a hobby, it's an obsession !

    New Barber Purchases
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    From the photos, a grade above 50 doesn't seem impossible. Will check it out in hand at the show, but even at the current price, even if I thought it could go 55 I'd be out!
  • dogwooddogwood Posts: 1,935 ✭✭✭✭
    Oddly, a 53 still hasn't been made for this coin by our hosts.
    We're all born MS70. I'm about a Fine 15 right now.
  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    I guess I need to start looking for these in the wild! WOW!
  • dogwooddogwood Posts: 1,935 ✭✭✭✭
    1992 was a good time to start!
    David Lawrence's book on BQ came out and said there's only about a dozen good AU examples out there.
    Some folks paid attention.
    I'd been personally more fond of the 05o back then, but a few rolls of them were saved apparently.
    We're all born MS70. I'm about a Fine 15 right now.
  • Walkerguy21DWalkerguy21D Posts: 11,497 ✭✭✭✭✭


    << <i>I guess I need to start looking for these in the wild! WOW! >>


    Good luck with that.....you may also want to start looking for the 96O, 97O, 97S, 01O, 05O, and the 14S, among others.....and hen's teeth
    and unicorns too image

    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭


    << <i>

    << <i>I guess I need to start looking for these in the wild! WOW! >>


    Good luck with that.....you may also want to start looking for the 96O, 97O, 97S, 01O, 05O, and the 14S, among others.....and hen's teeth
    and unicorns too image >>



    image I actually have 2 old Whitman folders that came with a collection I bought. I'll have to dig those out and actually take a peek!

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file