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1857-S 25c newp.....
DoubleEagle59
Posts: 8,377 ✭✭✭✭✭
Low grade but difficult to find.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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<< <i>Gotta love that huge S they used! >>
Agreed, just something about that gigantic 'S' on a seated quarter spells cool!
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
seeing as their mintages are on the low side. It seems that over the past 5-10 years that any pre-1874 quarter with an S mint mark is generally labeled as rare/very scarce. A lot also has to do with condition. 1857-s in
problem free VF-AU is a pretty decent coin. I'm not sure where all the AG-VG big "S" quarters end up but most aren't going to seated quarter sets. An 1858-0 or 1859-0 is probably harder to find than a 57-S. And you can
probably step up to a F-VF on one of those rather for comparable money vs. a low grade 57-S. But the mintage of the 57-S is certainly a lot lower. That continues to drive price even today. A lot of character those in those
"BIG...BAD S" quarters.
About 5 years ago an MS64 1857-S popped into one of my local coin shops. I was sort of floored. I instantly recognized it was of several MS64's I had seen over the past 35 years. Until the Eliasberg "gem" came around those
were about the best available.
PCGS price guide - seated quarters
Bob
I suspect that many of these hoards will remain hidden until the hoarders die.
<< <i>Hoarding accounts for the supposed scarcity of many Seated Liberty date/mm coins. The hoarding has been going on for at least thirty years and has had a very significant effect on availability and pricing. It has also discouraged many potential buyers from taking up the series.
I suspect that many of these hoards will remain hidden until the hoarders die. >>
I was a hoarder too in the mid-1970's. For example, at one time I had 9 - 1867-s quarters in Fine to XF. Some other less rare dates I had roll quantities. But the incredibly slow rising prices from 1975-1990 caused me to bail on most of the circs. I don't know how those other 30-40 year hoarders could have hung on to Pot of Gold emerged in 2007-2009. Now with an XF 1867-s quarter going from $135 in 1975 to probably $4,000+ in 2008 there's little chance I wouldn't have dumped EVERY coin I had left for that kind of score. How could you not? If there are remaining hoards out there the last thing they're going to do is have them show up on the pop reports. If someone was able to get a significant hoard of 1870-cc halves....most of the other dates could have been hoarded as well. But, these coins were absolutely scarce in 1974-1976 when I was scouring the country for them. With only about 150-225 1867-s quarters in existence it doesn't take many coins removed from the market to make them hard to find. If you want a VF-XF 1893-s dollar just go to a dealer. They probably have 30% or more of the surviving specimens in their rotating inventory. Most people won't do a seated quarter set because so many of the dates are stopper and rather expensive. It's not easy to locate some of the key and semi-keys in problem-free condition. It's safe to say that 60-80% of most better dates are not problem free. Much simpler to do half dimes, dimes, or halves. The seated quarters that are readily available are in seated dealers and/or specialist's inventory at very strong prices. I don't think people are passing on quarter sets because there are undefined hoards out there. It never stopped me. You could say that same thing for every US coin set out there from half cents to $20 gold pieces.
<< <i>
<< <i>Hoarding accounts for the supposed scarcity of many Seated Liberty date/mm coins. The hoarding has been going on for at least thirty years and has had a very significant effect on availability and pricing. It has also discouraged many potential buyers from taking up the series.
I suspect that many of these hoards will remain hidden until the hoarders die. >>
I was a hoarder too in the mid-1970's. For example, at one time I had 9 - 1867-s quarters in Fine to XF. Some other less rare dates I had roll quantities. But the incredibly slow rising prices from 1975-1990 caused me to bail on most of the circs. I don't know how those other 30-40 year hoarders could have hung on to Pot of Gold emerged in 2007-2009. Now with an XF 1867-s quarter going from $135 in 1975 to probably $4,000+ in 2008 there's little chance I wouldn't have dumped EVERY coin I had left for that kind of score. How could you not? If there are remaining hoards out there the last thing they're going to do is have them show up on the pop reports. If someone was able to get a significant hoard of 1870-cc halves....most of the other dates could have been hoarded as well. But, these coins were absolutely scarce in 1974-1976 when I was scouring the country for them. With only about 150-225 1867-s quarters in existence it doesn't take many coins removed from the market to make them hard to find. If you want a VF-XF 1893-s dollar just go to a dealer. They probably have 30% or more of the surviving specimens in their rotating inventory. Most people won't do a seated quarter set because so many of the dates are stopper and rather expensive. It's not easy to locate some of the key and semi-keys in problem-free condition. It's safe to say that 60-80% of most better dates are not problem free. Much simpler to do half dimes, dimes, or halves. The seated quarters that are readily available are in seated dealers and/or specialist's inventory at very strong prices. I don't think people are passing on quarter sets because there are undefined hoards out there. It never stopped me. You could say that same thing for every US coin set out there from half cents to $20 gold pieces. >>
Many hoarders have a mentality that prevents them from selling. They hoard because they "know" what they are hoarding is going to go up in value because it is "rare" and they are going to corner the market.
Unless they actually need the money they never sell. (That is left for the heirs to handle.)
WoW is all I can say
(I have no affiliation or motivation for promoting or any other way "pumping the tires: of the Brier Creek set. I am simply mesmerized and in awe. This thread seemed apropos for such a comment)
<< <i>Some recent hoards that have come out... 1844 dimes, 1804 quarters, and 1866-S NM halves. The hoarders were successful in driving up the prices at least on the 1844 dimes and 1866-S NM halves. I'm sure there are Seated quarter hoards too, but as to what dates might be involved, it's anyone's guess. If anyone has specific info., PM me, as I'd love to know. I'm semi-trustworthy with secrets.
At least 2 of those coins above have been overrated since the 1960's. So accumulating a hoard of higher priced and somewhat available dates was not that hard. Trying to accumulate a hoard of 72-s or even 67-s quarters is
far different.
Fwiw, I accumulated 6 of those 9 1867-s quarters in one day (one deal). The other 3 came about within that year. WorldWideCoin via a Coin World ad in the mid-70's broke a huge hoard of S mint seated quarters. I was late
to the feeding frenzy and could only get the 67-s quarters than no one else wanted. Back then they were considered inferior to more common dates like 65-s, 69-s, etc. But "common" knowledge was totally wrong. The real
neat dates in that hoard (60-s, 64-s, 66-s, 71-s, 72-s, etc.) were all sold before I even picked the phone to buy whatever was left in stock. Those VF 1867-s quarters cost me $65 each....all were perfect, problem free coins with
orig crust and toning. To go back to those days again..............There were probably 57-S quarters in that hoard, but for a lot more money. Didn't want them.