John1:
Quote:Retail value is around $93,just wondering how much you have into it as of now? Also wondering if anyone is going to pay retail because of the
Machine Doubling?Just wondering all.
Here's the story (keep in mind I bought these coins (online auction) in November 2017 and I started collecting in June 2017)...
I paid $40 for four mint sets (66,67,68,69) & $15 for shipping. They were not in the original mint packaging but in plastic set holders. The coins looked good as far as I could tell from the pictures and at that point I was focused on collecting silver
Kennedy half dollars (my silver KHD phase).
I tried my best to evaluate the KHDs (without opening or taking them out of the holder) and just glanced over the rest of the coins. They seemed to be in good condition but nothing really caught my eye. So, I put the sets in a box in my closet with all my other modern era coins and shortly thereafter I was out of the silver KHD/modern era collecting phase.
About 6 months later and after learning that a 1969
Washington quarter is extremely rare in MS67 or higher grade I grabbed those sets and decided to open them for a closer look. I couldn't believe what I saw; most of the coins looked amazing. Especially the 1969
Washington quarter (see below...) and the 1968-D you can see in this topic. I have a 1969-D Quarter from the same sets I believe is at least MS67+ possibly MS68.
So, to answer your question; if you divide $55 by 20 coins I paid $2.75 for each, add $65 for the express grading fee (I know, stupid move), dropped them off at the Long Beach Expo and paid about $20 for return shipping. That comes to about $90 for the 1968-D. Not a great result but I thought it would grade at least MS67+. Learning experience.
Now here comes the exciting part of this long and drawn out story. I submitted the 1969
Washington quarter to PCGS and it came back... Click the link for results -
https://www.PCGS.com/cert/35719750 - Pretty cool!
I paid $2.75, plus $65 express service and $20 return shipping for the 1969
Washington quarter. A much better result.
So I learned a few things through all of this:
1.) Don't judge a book by it's cover; you have to open it to read it. Pop a coin out of one of your nasty looking mint sets; you might find a hidden gem!
2.) I'll be extra cautious when submitting coins with
Machine Doubling (as I did with the 1968-D feature in this topic). Probably never do it again, LOL. This is obvious to experienced collectors but I figured it wouldn't hurt the grade considering MD occurs during the minting process. It makes sense to me now. Lesson learned.
3.) Take a risk on a purchase once in a while; you never know what you may find.
4.) Don't overlook collector made sets. The four sets I purchased must have been put together by someone who knew the coins were special and wanted to preserve them. I'd love to know who's there were so I could share the results of the 1969
Washington quarter.
Thank you,
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Posted 07/12/2018 8:09 pm
