Clad 1983/83-D Quarters: Conditional rarity question
Manorcourtman
Posts: 8,047 ✭✭✭✭✭
Can someone explain why the 1983-P quarter is higher priced in guides in GEM grades vs. the 1983-D? The P had a mintage of 673m vs. the D with a mintage of 617m. Both were not available in Uncirculated Mint sets since none were made in 1983. Both coins are tough above MS65. The PCGS pop reports have 416 P's graded while 353 D's have been graded. In 66 the P sports 83 examples while the D has 72. In 67 the P has 5 examples compared to the 10 D's. In the PCGS price guide the 83-P in 66 and 67 are 250/2150. The D is listed at 170/1200 in 66/67. Based on mintages and pop reports one would believe the issues would be much closer in valuations. Anyone have any insight into this issue? I rarely buy raw coins anymore at coin shows but always look for this issue in dealer inventory and rarely find anything above 62/63. It's a very underrated coin imho! Any other Clad quarter hoarders out there???
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<< <i>Can someone explain why the 1983-P quarter is higher priced in guides in GEM grades vs. the 1983-D? The P had a mintage of 673m vs. the D with a mintage of 617m. Both were not available in Uncirculated Mint sets since none were made in 1983. Both coins are tough above MS65. The PCGS pop reports have 416 P's graded while 353 D's have been graded. In 66 the P sports 83 examples while the D has 72. In 67 the P has 5 examples compared to the 10 D's. In the PCGS price guide the 83-P in 66 and 67 are 250/2150. The D is listed at 170/1200 in 66/67. Based on mintages and pop reports one would believe the issues would be much closer in valuations. Anyone have any insight into this issue? I rarely buy raw coins anymore at coin shows but always look for this issue in dealer inventory and rarely find anything above 62/63. It's a very underrated coin imho! Any other Clad quarter hoarders out there???
Good question.
I would guess it might be because the Philly is generally tougher because it is less well
made and wasn't saved and because the Denver coin is much more readily available
in choice BU and near Gem condition. The Denver can be found well made by good dies
but has a terrible problem with scratches. The Philly is usually not well made and there
are lots of bad dies but the scratching problem isn't quite so bad.
If this is it then the market will correct the inequality in time and the Denver will be more
valuable in higher grades and the Philly will have more in lower grades. At this time the
lower grades of both coins are "out of the money" because the demand is so thin.
in Choice BU condition, are very
common struck Off Center.
<< <i>The P quarter rolls are rarer than D (not that either is easy). The P's are retail $1000, D's are $600. D's are easier in high grade in my opinion including ms66, although I think more P's have been submitted due to its key date status just in BU. >>
I believe the '82-P is even tougher than the '83-P in nice choice condition but a huge
numbers of sliders and AU's exist for the '82-P. More rolls of the '82's were probably set
aside as well because it was the first year with no mint sets. The widespread availability
of the '82-P in AU-58 to MS-62 holds down the price of it just as the greater availability of
the '83-D holds it back relative the '83-P.
In time the market will more accurately sort all this out and prices will more accurately re-
flect availability. The big winners will be the '82-P and '83-P in MS-63/ 4. All these coins
seem much more elusive than their prices indicate.
Those '83 Denver rolls have crept higher without my even noticing.