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Washington $ Smooth Edge Value?

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regularguy's Avatar
United States
187 Posts
 Posted 02/06/2010  6:10 pm Show Profile   Bookmark this topic Add regularguy to your friends list Get a Link to this Message Number of Subscribers
I was at a local coin dealer today, and asked what new coins found their way to his shop. He showed me three Washington dollars with no edge lettering. I looked at them carefully and saw no tampering of the edge. He said that the man that brought them in got them from a roll. The coins were starting to tarnish but they were definitely the real thing. I was very tempted to buy them but he was reluctant to give me a firm price. What would they be worth? I looked on the net and came across a wide range of prices. I also found information that there may be more coins like this that originally thought. Any ideas, thoughts or comments?
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rustyboy's Avatar
United States
278 Posts
 Posted 02/06/2010  6:16 pm  Show Profile   Bookmark this reply Add rustyboy to your friends list Get a Link to this Reply
Looking at ebay, it seems uncertified examples are in the $40 range...
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/06/2010  6:17 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Certified MS-64 examples can be purchased for about $75 so I would say about $50 would be reasonable for a raw coin taking into account that it may not grade 64 and that it is beginning to tarnish.
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GR58's Avatar
United States
11951 Posts
 Posted 02/06/2010  9:17 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
About a year ago I bought mine, PCGS MS64 for $70. If that helps
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regularguy's Avatar
United States
187 Posts
 Posted 02/07/2010  06:38 am  Show Profile   Bookmark this reply Add regularguy to your friends list Get a Link to this Reply
I have decided to stop in and see this coin dealer again today. You could say that I am really chomping at the bit to buy these Washington dollars. The main thing is that I don't want to over pay for them, especially if more are found in the future and the price does come down. Will let you know what I find out.
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John1's Avatar
United States
56855 Posts
 Posted 02/07/2010  08:00 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
You might find this informative http://www.smalldollars.com/dollar/page33.html
John1
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regularguy's Avatar
United States
187 Posts
 Posted 02/07/2010  10:20 am  Show Profile   Bookmark this reply Add regularguy to your friends list Get a Link to this Reply
Thank you John1. The link that you provided is very interesting. Now I can examine the edge of the coins and know what to look for.
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urbnlgnd's Avatar
United States
55 Posts
 Posted 02/07/2010  10:19 pm  Show Profile   Bookmark this reply Add urbnlgnd to your friends list Get a Link to this Reply
I paid a premium for mine (closer to $100) graded PCGS MS-64 shorty after they came out.They have been declining in value since. On the other hand,It seems the John Adams double edge has increased in value since my purchase.
I would probably offer him $30 each since they are starting to tarnish, but in my opinion if you really want a keeper,I would spend a bit more and find one between $50 - 75 graded. The tarnish will only get worse.
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regularguy's Avatar
United States
187 Posts
 Posted 02/13/2010  5:05 pm  Show Profile   Bookmark this reply Add regularguy to your friends list Get a Link to this Reply
I talked to the same coin dealer again last weekend. He is selling the Washington smooth edge coins for $50 ea. I examined them again and am satisfied that they are the real deal. I think that I will get one. This opportunity to buy one this easily with out ordering or waiting may not come along again soon. I also believe that this is a good coin to have for the long term.
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