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Replies: 25 / Views: 4,232 |
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Valued Member
United States
154 Posts |
Everyone wants to know about the hottest deals in the Coin World - what's trading at the lowest prices and what's selling for the highest prices. Well, have you noticed the Barber halves? They're selling at prices that beat any other half dollar from any era in online auctions. You can buy an excellent AU or MS quality Morgan for less than a hundred dollars. But Barber halves in that quality are going for $200 and up, and that's less silver! Even an XF goes for > 120 or more. My question is, why? Why are Barber half dollars so hot and prices so high? Moved by Forum Mom from Classic US Variety & Error Coins to Classic US coins forum.
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Pillar of the Community
United States
603 Posts |
I think it must be because there are so few Barber halves left in higher grades, while most years of morgans have plenty of uncirculated examples
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Pillar of the Community
United States
3486 Posts |
As the entire Barber series goes, halves, quarters, dimes and nickels represented real purchasing power. People spent them. The series circulated throughout the second world war and perhaps even the early fifties in rural areas. This leaves an interesting gap when it comes to grading. Uncirculated examples outnumber the higher circulated examples. Coins worn slick are abundant. In the case of halves, the scarcity affects all coins from fine to au. Quarters, dimes and nickels vf and above. As for any recent surge in popularity, would you please explain how you arrived at this conclusion? I suspect that as more and more 7070 collectors seek nice looking, high grade examples, the price will go higher still. Those of us who specialize in these coins often pay well above any published price in a guide. Some examples are just not to be found! When they are found, bidding can be intense.
Edited by matthewvincent 08/26/2012 08:43 am
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Valued Member
 United States
154 Posts |
I suppose my inquirey is based on the fact that until recently, I had paid poor attention to the series having only a few examples. I first heard of collectors warning of price hikes more than four years and ignored those articles in collector's trades. Now that I'm retired, I've tried to balance my collection only to find most Barbers out my range, the bidding is intense and the final price higher than I like to pay. I applaud those numismatists who were smart and bought Barbers when the competition was less fierce. You're sitting on a silver goldmine.
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Pillar of the Community
United States
3486 Posts |
HAH! cinemabon, many of my high grade Barbers came to me from my Great Aunt Tootsie. Born about 1899 or 1900, she worked in the coin counting room at the Bell Telephone Company in New York City. Given her, how to say, tight-fisted approach to coin collecting she NEVER bought a coin. I, in turn, have bought several high grade Barber dimes throughout the years. The set is complete, 74 coins, but it will never be finished. Next task is to find a common 1908 Philadelphia dime in a decent grade. The one I have from her is B**t ugly! There is one additional point I'd like to share: Years ago, I remember reading something which said, "It will only take a slight, increased interest in the Barber coins to make them increase in price." If you do want to obtain a few nice examples, we can continue to discuss a possible course of action. I am at your service. Matthew Visit our site: barbercoins.org Free to all and a source of a LOT of info.
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Pillar of the Community
United States
4337 Posts |
I have a high grade 1892 and 1916 10 c. in my collection...i would have to hope for 2 slots in the 7070 to be happy
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Pillar of the Community
United States
3843 Posts |
Hmmm I think I should have filled those 7070 slots earlier.  Are the keys in lower grade going up as well? I have a VG 1893 S Half that I got for melt! 
Edited by Joe2007 08/26/2012 8:11 pm
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Pillar of the Community
United States
1436 Posts |
The Red Book Guide to US Type Coins indicates that higher than 90% of all circulation strike Barber coins (.10, .25 & .50) are graded G4 or lower. The design of the coins lent to the higher than usual wear.
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Pillar of the Community
Canada
3692 Posts |
To back up what cpfull said about uncirculated Morgans, well it was only in the 1970s that the Fed released a HUGE hoard back to the public. All unspent. Barber coins in G grade are melt value, though.
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Pillar of the Community
United States
1119 Posts |
Scarcity for the grade. In general I'm not looking for Barber coins but when I do stumble on them they are usually pretty beat up.
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Pillar of the Community
United States
2200 Posts |
I'm slowly realizing that in order to complete my 7070 with all AU coins, I'm gonna have to shell out a pretty penny for a Barber 50c.
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Pillar of the Community
United States
620 Posts |
Barber series of coin from what I have read we used. Most didnt just sit in the sock drawer. And I dont think as many Barber halfs were hoarded as with other half dollar coins. The it just comes down to supply and demand. AU and MS Barber halfs have always helt a nice premium. Lots of collectors have started 7070 Dansco type sets in the last few years. There goes a nice Barber dime,quarter and half off the market. And type sets seem to be very popular right now.
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Pillar of the Community
United States
3486 Posts |
For what it is worth, The is the best Barber Half that I own. Well, not own, but rather I am the current custodian. It came to me from my Great Aunt.   These are HARD to find, no question about it. One reason why I decided not to specialize in Barber halves.
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Bedrock of the Community
Australia
21786 Posts |
I am in Australia, not the U.S. I have seen quite a few bust halves in EF, but I have never seen a Barber half in EF.
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Pillar of the Community
United States
3486 Posts |
"Barber series of coin from what I have read we used. Most didnt just sit in the sock drawer."
How TRUE, Captain! From 1892 to at least 1950, they were and abused. The halves, because they had real value, could not sit in a sock drawer.
Dimes paid for a Trolley ride, a quarter bought a very decent lunch. Even the lowly nickel was the price of a phone call. No wonder so MANY are worn slick.
Those of we masochists who dream of putting together a complete set spend YEARS in the quest. And when we at last find a nice example, we DO NOT use the Greysheet. We buy, because we know that years may pass before we find another.
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Bedrock of the Community
United States
14454 Posts |
I don't believe their prices have skyrocketed I believe you are just noticing their prices now. The reason I say this is because 6 years ago I purchased the one for my 7070 and I just checked and the prices are about the same as they were back then not very much difference in price at all. I am thinking they may have even fell a little since the last time I looked at them which was probably 2 years or so ago
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Replies: 25 / Views: 4,232 |