1837 Bust Quarter... R4??
coin22lover
Posts: 3,542 ✭✭✭
I believe that I have concluded this is a B3 R4... can anyone confirm or deny, and how does this effect the value? It's a PCGS VF35...
0
Comments
merse
EAC 6024
As to extra value, I don't think it adds a lot in that grade, however it is still a nice example!
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
<< <i>I always hope that one day I will find an advanced stage of the crack and find a big ole cud. >>
And I will be the one who arrives 5 minutes before you and add it to me collection
<< <i>I always hope that one day I will find an advanced stage of the crack and find a big ole cud. >>
I doubt that this will ever happen, as this reverse cracked early in its life when used on the 1836 B-1 and never seemed to go anywhere after it stabilized.
The crack was fully developed and stable by the time it was next used on the 1835 B-8 (Yes, the 1835 was struck after the 1836...).
It was next used with the already shattered 1836 obverse die 4 (first used on the 1836 B-4 die marriage) to create the ultra rare 1836 B-5 (less than perhaps 20 examples known), before it was used in 1837.
Along with the 1837 B-3 die marriage; it was also used on the 1837 B-1 & B-4. In all of these cases the die crack remained stable and never advanced completely to the rim above D.
If an example were to be located that actually had the section encompassed by the crack missing and resulting in an actual cud, it would become front-page news (at least to me!).
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
The thing with rarity is, that it is very subjective.
In the Bust Half world, an R-4 die marriage can bring a substantial premium because of the amount of coins known versus the amount of collectors trying to acquire an example.
In the Bust Quarter world, there are fewer collectors trying to acquire all of the known die marriages, therefore an R-4 rated marriage may not produce a premium or a much smaller one than the example above. This is of course due to supply and demand. More supply than demand drives down the price.
However that being said, if there were just a few more collectors of Bust Quarters, then the supply would be outstripped by the demand and there would be higher premiums for those die marriages that are rated R-4 and above.
Also important is where the actual number of coins falls within the given range for the rarity rating. For R-4, if the number known is closer to the 81 side of the range, it would be harder to acquire and worth more premium, as less collectors could own an example.
Another factor is grade rarity. There are many example to be found in the Bust Quarter series where there are plenty of coins to go around in all grades, however when reaching a certain grade (say AU), they become much harder to find. In this case a premium should be paid if an example is found that is in higher grade.
It takes many hours of study in any series to be able to delineate what is really rare and what is not. Just going by a stated rarity rating is not always the best way to determine whether to purchase a coin or to pay a premium for it. As it has been said many times before, knowledge is power. Taking the time to make oneself knowledgeable will always pay dividends in the end!
JMHO,
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!