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 Replies: 13 / Views: 2,249 |
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Pillar of the Community
Canada
686 Posts |
A couple recent topics lead me to post this question, which I have been wondering about for a few weeks.
Does anyone know when the 1906 Small Crown took off in value? I was going through my garage a few weeks ago and came across some price guides from the 90s, and while both varieties were listed, the prices for both were the same in all grades.
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Pillar of the Community
Canada
1554 Posts |
 The 1906 small Crown variety is a recent discovery. I looked at my 1994 Charlton Cat and it's not listed there. So assuming this variety has been known less than 20 years, I would say the price jump occurred soon after the variety was discovered and the scarcity was realized in I.C.C.S and P.C.G.S. Population Reports. Glenn  |
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Moderator
 Canada
10460 Posts |
I remember when Sid (Belzberg) bought his coin, the top graded example, from an online auction. We were all discussing it on CCRS at the time...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
 Canada
9865 Posts |
The 1906 small crown was listed the Haxby&Willey catalogues as far back as the eighties.I'm still not going back down to the basement to check when it first appeared.It was indeed priced the same as the large crown,and if I remember correctly they said only one example existed,guess they were waiting to see how many would be found so they could determine rarity and thus a price.I believe Charlton's did not list it at all until a few had been found.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
 Canada
686 Posts |
Thanks for the responses guys!
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Pillar of the Community
Canada
1581 Posts |
I wonder how scarce it is. At one point I saw SIX for sale on ebay. Right now there are three (two AG at DELUSIONAL prices). Way too many seem to come along to support a G-4 @ $1800. |
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Pillar of the Community
Canada
686 Posts |
Mine is in at ICCS for the third time right now. Bought it raw, sent it in for authentication, came back G-4. I took it out of the holder at the time, and a year later wanted it in a holder again, it came back AG-3. I should be getting it back tomorrow, fingers crossed it's G-4 again. As such, you can take 2 out of the pop report for sure!
coldbeer72 had a nicer one (VG-ish) a month or so ago, but it didn't hit the reserve.
Most in the AG-3 - G-4 range (which makes up 90% of the ones I see) seem to sell for $1000 - $1200. Based on that, it makes sense that trends would be $1800 (market value to trends is a whole other can of worms though).
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Pillar of the Community
Canada
1554 Posts |
 On occasion you can find this variety for a few dollars from sellers that are not aware of this RARE variety and believe it to be a regular 1906 Crown. Same goes for other Varieties such as the coveted 1872 Inverted A/V. (quarters/half dollars) Glenn  |
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Pillar of the Community
Canada
1581 Posts |
Most of the ones available are clearly junk silver extractions. Hence the AG and less. I've heard several stories of them being picked up a junk silver prices and sold at around $1000. Always a bunch available on ebay. Far more available than the 1932 far 2 5c. |
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Pillar of the Community
Canada
686 Posts |
dialog - With reference to the 1932 far. I bet that 90%+ of 1906 quarters that exist have been checked for the Small Crown variety, and I think only a small percentage of 1932 nickels have been checked for the Far 2 variety.
There were probably a lot of Small Crowns that got melted down in the late 70s and 80s before it was a known variety. I doubt that many 32s were melted down in 2007-08 (I sold about $20,000 in nickels for melt those years, and I held on to anything pre-37 for myself... I doubt I was the only one).
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Pillar of the Community
Canada
1581 Posts |
^^^ Yes, I agree that the 1932 far population is not well understood at this point.
But, I find it interesting that so many junk silver small crowns are being found. How many 1906 25c survive from an original mintage of 1.2 million? How many junk have managed to survive melt? Yet a bunch are being found.
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Pillar of the Community
Canada
686 Posts |
I'm kind of disappointed with the Small Crown. But it's my own fault. I'm 26. I've been collecting since I was very young (through my dad), but got serious about my quarter collection while in university. I bought my first Small Crown when I was 20 or 21 for $800 raw from a 0 feedback seller. At the time, I think my Charlton said there were only 25-30 known to exist. Since I had known about this variety since I was young, I assumed that most (or all) were known at that point. I upgraded from my AG-3 to a G-6 or VG-8 (waiting on ICCS, but likely G-6), and auctioned my AG-3 off in yesterday's Torex. Only took in $750 ($675 after seller's fee).
Does anyone have an ICCS pop report? What is the total in there? My AG-3 has been graded by them three times. First time G-4, but didn't want it in the holder, sent it back in and it graded AG-3, and sent it in one last time hoping to get the G-4 again, but no luck. So I know the pop report is overstated by at least 2!
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Pillar of the Community
Canada
1581 Posts |
There is also a buyer's premium + taxes?
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Pillar of the Community
Canada
2301 Posts |
the pop report issued by ICCS is useless for the reason stated above to indicate numbers of known rare coins.
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Replies: 13 / Views: 2,249 |
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Posted 12/02/2012 02:00 am
