1828 25/50 Bust quarter ...Whats it worth?? And whats the grade??

BaseballAbs

I have seen a few of these quarters coming up for sale lately mostly in low grades. I wanted to get an idea of what people think this particular one would be worth?

doh

They certainly go for WAY more than the guides...PCGS price guide lists a VG8 at $350, but I know of two PCGS 8s on the market for $2850 and $2250, respectively.

Barndog

JJ Teaparty has an asking price of $2850 on this one:

SNMAN

Why the big price difference?

I always thought PCGS Price guide is high............

BaseballAbs

?

123cents

<< <i>Why the big price difference?

I always thought PCGS Price guide is high............ >>



This is one of those coins where you can throw away the price guide. These coins bring big bucks even in "no problems" low grades.

cone10

ebay Well at least 330.00

BaseballAbs

ha ha cone10 thats awesome. I actually just sent it in to grade...So i guess i will see what happens. I hope it holders , i will feel like i finally got a good deal on something...

Quarternut

You did get a great deal and from a great seller, Dave is ace's in my book!

I would say that if it would slab Dave would have had it done, but you never know.

Looks like a G-4 Obverse / G-6 Reverse. A PCGS G-6 sold at auction in June for $1725, although it did have a little more meat on the reverse and absolutely no problems.

The June sale is most likely responsible for the high prices on the VG's, although the last VG-8 (NGC) sold in 2007 for only $862 and a VG-8 Details (ICG) sold in 2008 for $1040.

This marriage is certainly very scarce. I show around 40 examples sold at auction (taking into account repeat appearances) in the last 15 years at the major auction houses.

Nice buy!

QN

Billet7

It was a steal even if it doesn't certify.

BaseballAbs

The scratches are not as bad as the photos portray. I predict the coin will grade a G- 4. Especially because of the few light scratches taking away from any chance of the G-6 reverse tipping the grading scale. ... Thanks guys. Quarternut is right, Dave is awesome to work with. He did a great job working out some issues with delivery that i had. I hope to do buisness with him again...

jdillane

Have done a fair amount of biz with Dave. Nice and knowledgeable. He is tops for bust (and likely for other) material!

crypto79

it will not grade(not even close) but will still be worth it, "AS" GEN-96

pheh

<< <i>it will not grade(not even close) but will still be worth it, "AS" GEN-96 >>





except... 97.

rhedden

I think this coin is benefiting from the publicity given to its scarcer cousin, the 1822 B-2, which has the same error reverse. I couldn't justify paying over $2,000 for it in VG, personally- PCGS or not. The 1822 B-2 really is a serious rare coin, but the 1828 B-3 is more available. The $330 ebay price may have been a deal, but it was only slightly on the low side, in my opinion. Another thing to keep in mind is that the two VG examples offered for sale above $2k are just that - for sale. Nobody has bought them so far.

If this is really worth $2k in low grades, then the example I bought last year at $900 with VF/XF details is looking pretty good.

Baley

Neat coin, thanks rhedden for saying much of what I was thinking.

In one respect, the coin is "worth" exactly $334.40 because that's what it just changed hands for.

However, I agree it was a pretty good price. The coin was on my watch list and had I been paying attention at the time of auction close, the price would have been quite a bit higher. You still would have gotten it, probably, because of your 2 additional protection bids in the last few seconds, but at maybe $200 higher.

Coingrats! It's a variety I still "need" for my collection

Billet7

<< <i>it will not grade(not even close) but will still be worth it, "AS" GEN-96 >>



96? I wasn't aware of a 96 code, what is it?

BaseballAbs

I think code 96 genuine is a coin that is privately made like a medal. 97 may be more accurate

Quarternut

<< <i>I think this coin is benefiting from the publicity given to its scarcer cousin, the 1822 B-2, which has the same error reverse. I couldn't justify paying over $2,000 for it in VG, personally- PCGS or not. The 1822 B-2 really is a serious rare coin, but the 1828 B-3 is more available. The $330 ebay price may have been a deal, but it was only slightly on the low side, in my opinion. Another thing to keep in mind is that the two VG examples offered for sale above $2k are just that - for sale. Nobody has bought them so far.

If this is really worth $2k in low grades, then the example I bought last year at $900 with VF/XF details is looking pretty good. >>



The 1828 B-3 (25 / 5 / 50 Reverse) is indeed more available than its 1822 cousin, exactly twice as available at auction over the last 10 - 15 years (19 examples for the 1822, versus 40 examples for the 1828).

That being said, it should be worth somewhere between half and a third as much as the 1822. Can everyone agree on that?

The 1822 in G-4 last sold at auction in March of 2008 for $3795. A G-4 Details (cleaned) example also sold in Feb. 2008 for $4140 (don't really have an explanation for the difference in price other than perhaps "auction fever")

So if we are using these numbers, the 1828 should be worth somewhere between $1309 and $1984 (at least in early 2008). If we adjust for the weaker market conditions that now exist, about 20% less, the numbers should be between $1047 and $1587.

Any other discounts that you want to make for any issues that exist on the OP's coin should not bring it down anywhere near the terrific price he paid for it. It was a real bargain in my mind.

QN

rhedden

Wow, I had no idea prices had risen that steeply on these 25/50 varieties. I guess the coin was quite a buy at that level. Good news for me, since I have both in my collection.

BaseballAbs

The 1828 25/50 quarter that i had purchased is being returned back from PCGS. I will post the image of the coin for everyone who responded to see what the result was.

crypto79

<< <i>

<< <i>it will not grade(not even close) but will still be worth it, "AS" GEN-96 >>





except... 97. >>



Opps I did mean 97

QuarterCollector

<< <i>It was a steal even if it doesn't certify. >>



I agree

Quarternut

<< <i>

<< <i>It was a steal even if it doesn't certify. >>



I agree >>



QN

BaseballAbs

I would love to see Rhedden's 1828 25/50 quarter. His 1822 25/50 was impressive enough, but i still would love to see it.

Quarternut

<< <i>I would love to see Rhedden's 1828 25/50 quarter. His 1822 25/50 was impressive enough, but i still would love to see it. >>



Here is the thread where he posted it...

Link

My example is pictured in my book (pg 219).

QN

BaseballAbs

Dang! They are some nice coins!

BaseballAbs

Mail service sure takes it sweet time during the holidays.

Baley

it slabbed VG-8?

BaseballAbs

I wish it would slab a VG-8 but i am sure its not. It would never go VG.

Billet7

Stop dragging it out! You know what the grade is already...just tell 'em.