1983 P 25C PCGS MS 67
rlawsha
Posts: 1,033 ✭✭✭
0
rlawsha
Posts: 1,033 ✭✭✭
rlawsha
Posts: 1,033 ✭✭✭
Comments
I tend to stay away from top pop moderns for this very reason. Like buying a 1995 doubled die cent in a MS69 holder for 5 figures, what is the point other than registry madness?
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I love condition sensitive coins such as this and I'm a little surprised it didn't go for more. My dream coin is a 69-P quarter in the same grade. Tough as nails for sure!
Well, it is still available if you want to buy it. The provided link has a BIN in place.
I've got to believe there are better ones out there, or more accurately, I have to believe that there were hundreds of thousands that were better made.
I've seen cleaner and I've seen better struck but have never seen one definitely nicer.
As a little bonus this one is the scarcer type "d" reverse.
I'd grade it a solid MS-65 Gem. As such it is certainly scarce for the date.
Wow... I will not be a buyer of that coin... cannot justify that under any circumstances...Cheers, RickO
+1
edited to add - I agree with cladking....doesn't look 67 to me.
By the same token, many of my coin purchases for Morgan dollars would probably feel the same ridiculous to many others.
A coin is worth what you are willing to pay for it.
Mike
Grading clad is.... different, at least compared to the classic silver most collectors are familiar with.
That purchase price seems a little on the ridiculous side for a clad coin to me.
By the same token, many of my coin purchases for Morgan dollars would probably feel the same ridiculous to many others.
A coin is worth what you are willing to pay for it.
Mike
He's a little ambitious on the price I think. PCGS price guide shows $2500 for this with the last reported sale of a 67 was at Heritage in a NGC slab for just a shade over $1400.
The '82-P was a fright because dies were poor, overused, and badly aligned. Nice strikes in pristine condition are simply rare.
Most of these problems were fixed for the '83-P. Some dies were overused but they started out pretty good. The issue does have a lot of strike problems related to die alignment and incomplete fill. Surfaces tend to be more reflective than the '82 which just highlights their primary failing; excessive marking. Most are scratched, gouged, and otherwise marred.
There is no "source" for these because those that escaped the marking are quite random. Souvenir set coins tend to be poorly struck and all are type "c".
If you're chasing this date the best bet is probably to seek a clean coin and not worry too much about strike. As with most moderns you just have to throw the price guides out the window. This coin lists for $40 in MS-65 in the Redbook which coincidentally is exactly how much I advertised to pay for any '82 or '83 quarters all through the mid-90's. People don't believe me when I tell them how few coins I got that were actually Gem. Indeed, I recieved very few coins at all but most were MS-60 to MS-63. After so many years of chasing these coins now, I'm happy just to see coins that are actually uncirculated rather than sliders.
I've looked at countless thousands of coins all the way down to Fine condition am confident that there were a lot of well made coins for this date but it appears nobody at all saved them. I was running all over the country looking for well made Philly quarters in 1983 so I could set aside a quantity but simply never found a good enough source for well struck coins! I saved only a few clean ones which was a huge mistake in retrospect.
The '83-P in true Gem is a sleeper.
Someday they'll actually reflect the true value of these coins in the Redbook and this will effectively increase the demand many fold since it will give collectors the courage to bid higher. It's easy to underestimate the importance of price guides to these emerging collecting areas. Many eagle reverse quarter collectors are connected to the hobby only by Redbook and eBay. Many collectors don't eat, sleep, drink, and talk coins on Collectors Universe and don't understand the nature of the hobby and the price guides. They think that if they spend $40 for an '83-P quarter it will be a Gem but in reality it is often a slider or MS-60. If they are more familiar with actual prices and third party grading then they don't realize an MS-67 '80-P quarter is far better made than an MS-67 '83-P.
This is just a tough date. Fewer than 100,000 were set aside and most of these are poorer quality and almost all are scratched and marked. Then there are a million coins in grades ranging from super slider to XF. Over the years some of these coins have been destroyed or become circulated.
I always wish good luck to those seeking this date and the other '82 and '83 issues because they'll probably need it.