Newbie help with state quarters
timber100
Posts: 863 ✭
Hi, I was wondering about 1999 silver state quarters. A few things I do not understand and a few questions. I noticed Delaware state 1999 NGC PF70 silver quarters are selling on Ebay for between $4000 and $ 5000. (put a link to a coin in yesterday as I had no idea they were going that high) Thinking that the value of coins are driven by scarcity/quality/beauty, I was confused to see a coin with mintage of 800,000+ going so high. My questions:
Why is a quarter with a high mintage worth so much?
Why is the Delaware quarter going so high when the other 1999 Silver PF-70s quarters are not selling for near that much?
I have two sets of 1999 silver quarters, should I break them up and send them to NGC or PGCS to see if any are PF-70s?, or leave them alone.
Also, I have collected proofs over the years for my kids and because I enjoy the beauty of coins, but I have never collected coins with the only goal being profit. I have never had a coin slabbed or rated. Should I be sending in my coins to have them rated as I had no idea that some of my coins might be so valuable if assigned a PF-70.
Thanks for any advice
Why is a quarter with a high mintage worth so much?
Why is the Delaware quarter going so high when the other 1999 Silver PF-70s quarters are not selling for near that much?
I have two sets of 1999 silver quarters, should I break them up and send them to NGC or PGCS to see if any are PF-70s?, or leave them alone.
Also, I have collected proofs over the years for my kids and because I enjoy the beauty of coins, but I have never collected coins with the only goal being profit. I have never had a coin slabbed or rated. Should I be sending in my coins to have them rated as I had no idea that some of my coins might be so valuable if assigned a PF-70.
Thanks for any advice
0
Comments
Check NGC and PCGS population reports to see what percentage were graded 70
Look at your coins and make the decision based on grading standards and the info you have gathered.
other than that, I guess you could post pictures here and see what opinions people give you...
It's funny that you should mention this. Because of the recent post which discusses the high price realized for an NGC PR-70 Silver Delaware State Quarter, I am looking closely at my own sets to pre-screen them for potential submittals.
Several of the 1999, 2000, and 2001 quarters would be valued at $1,000 if PCGS rated them as PR-70. Even the Kennedy Silver Halves and Proof Sacs in those sets have high potential.
Keep in mind that the coin must be virtually perfect in order to make that grade. I have looked at a number of very pretty and clean looking coins, only to find a small imperfection that would knock it from PR-70 consideration, in my opinion.
I plan to separate out the most likely candidates for high grades and submit them. So far, I have identified a Kennedy and a Sac, but no quarters that might be worth submitting.
My advice is to look at the coins yourself and only consider sending in the ones that you simply cannot eliminate as being flawed in some way.
I knew it would happen.
To grade, or not to grade.....that is the question.... You are the only one that can make that choice.
Read, learn, study, read some more and 15 years from now you will still not have the answer......if you are like me you'll just have more questions......
I stopped looking for answers and started looking at my coins....
Alan
<< <i>I was confused to see a coin with mintage of 800,000+ going so high. My questions:
Why is a quarter with a high mintage worth so much? >>
The reason they are worth a lot even though there is a very high total mintage is that not every coin grades so high and there are people that like high grade coins. When a coin is rare in a certain grade, it is called a condition rarity. Condition rarities exist for classic coins as well except the price jump happens somewhere in the 60s.
<< <i>Why is the Delaware quarter going so high when the other 1999 Silver PF-70s quarters are not selling for near that much? >>
As mentioned, check the PCGS and NGC populations. It is much harder to get a PF70 Delaware than for other states.