Price information please. Raw 1917 T1 SLQ MS 63+/-
CoinHusker
Posts: 5,033 ✭✭✭
I don't collect them or know much (other than design history) about them, but I sas at the state show yesterday and this 1917 Type 1 Standing Liberty Quarter just jumped out at me out of the dealers case I was looking at. Great luster and original surfaces. Full head. Detail on feathers and breast on reverse. Eye appeal plus! Dealer had it at MS63, friend who I trust said it looked 62ish. Asking price was $550. Is that about right? High? Low?
Collecting coins, medals and currency featuring "The Sower"
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In honor of the memory of Cpl. Michael E. Thompson
<< <i>It was around MS65 non-FH money, but I would have to advise that you be wary of this coin in that relatively low grade since this is the quintessential high grade SLQ and they are quite often found in MS65FH for around $1,500 and MS66FH holders for not all that much more. Therefore, the lower graded coins from this issue can sometimes be harder to move when it comes time to sell since many folks in the market for the coin will want the higher grade. >>
Tom, I agree, but I have a slightly different take on this.
Although the higher grade examples of this date are clearly more desirable, the lower mint state 17 T1s are much more affordable. This date is so desirable, with eager buyers at most grade levels. And while an MS-62 and MS-63 might be harder to resell, shelling out $1500 is just too steep for many collectors.
In my opinion, the full head, non-full head designation is less important for this date, particularly when referring to lower mint state examples. It is, by far, the best struck SLQ and it typically shows full head detail. When examining many non-full heads, they are often sooooooooooooo close to full head status anyway. The other details, such as shield, drapery and toe definition are still razor sharp, despite a slightly incomplete head area.
If I were to purchase a FH MS-63, I would LIKE to pay less than $500, but, of course, a gorgeous eye-popping beauty negates my price cap. My strategy would be to look out for a sharp, "micron away from FH" 64, and save a bundle. There are enough of them out there where you can be choosy and maybe even get a "just miss" 65 FH.
And finally, I would not buy this coin raw, unless you are an expert grader, with many years of SLQ experience.
And getting back to Tom’s comment, I would definitely prefer a glowing 65 or 66 FH. They are truly spectacular in these grades. I know I am stating the obvious, but just make sure you can afford it.
I just got back from the show and after sleeping on it, seeing it again and getting the feedback here I'm glad I passed.
Thanks again!