| Author |
 Replies: 13 / Views: 5,756 |
|
|
Pillar of the Community
United States
1247 Posts |
Reading about the 1969 Quarter, because I got one in change.
I was going to throw it in my "coins to be rolled and spent" when I started doing some reading and apparently it is a "key date"?
What is the story with this?
|
|
|
|
Moderator
 United States
56855 Posts |
Not a key date I ever heard of.They made over 176 million of them. John1  |
|
Pillar of the Community
United States
2271 Posts |
There is nothing at all special about A 1969 quarter but there's something very very special about THE 1969 quarter. People in those days simply didn't save new coins so singles and rolls of these are almost impossible. The date was made exceedingly poorly and most specimens have marking, poor surfaces, and bad strikes from worn dies. This date suffered the quadruple whammy and the few that were saved are very poor quality. These coins are generally so bad that they don't look nice until they are worn to G or VG condition and by this time most examples will either be damaged culls or lost entirely. The mintage is low enough that just finding a bad example in circulation requires a little effort but finding an attractive example just gets harder and harder every year.
There were nearly two million coins put in mint sets but most of these are gone now because people never much cared about the mint sets either. Part of this lack of concern is that most mint set examples of this date are ugly also. Mint set coins tend to be fairly well struck by good dies but few are very well made and the vast majority have chicken scratches (retained planchet marking).
Only about 40% of the mint sets survive at all and of these only about 7% of the '69-P quarters are attractive. Gems are scarce.
This really is the key date to the clad quarter series because attractive specimens are scarce in any grade at all. You can always find an attractive '83-P in XF or VF but only about 50 million '69's survive in circulation and only about 5 million can be considered attractive. It's like finding a needle in a haystack. By the time collectors realize how few there are there will be a great many fewer. Already there simply aren't enough of these to supply any sort of mass market above VG condition and the only reason it's not known is people don't collect modern clad.
Unattractive and worn specimens are unlikely to have have much of a market but one of these days there will be a demand for attractive specimens in any condition. Coins that are well made with nice even wear and no spotting or corrosion will be in demand even in only F condition.
Of course, it might take another half a century.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
1053 Posts |
Interesting... I'll have to keep an eye out.
|
|
Pillar of the Community
United States
3077 Posts |
well I went and looked at my mint sets one 69P would be an MS 60 only because they don't have an MS59 (ouch)but my other may be a MS 63
thanks for the info Cladking
|
|
New Member
United States
40 Posts |
I enjoyed your post.
@CladKing-Your comment was well written.
|
|
Pillar of the Community
United States
1302 Posts |
I have two of them in MS-66 or above. Super scarce modern coin in MS-65 and above. Uncommon in an ATTRACTIVE Ms-64. I sold a MS-66+ for $500 to a client- I think he locked up a safe investment at that price.
|
|
Pillar of the Community
United States
4337 Posts |
I'm a bit confused...I'm not a modern collector of clad coinage so work with me here are any of the MMs specifically scarce or are we talking "super scarce in MS-65 and above" for any of the P or D that year? What was the MM you sold your client for $500? not for nothing, but, here's another one you can buy and make a hefty profit on to that person http://www.ebay.com/itm/1969-D-25c-...em4d14174239and its this link that confuses me to the remarks being made about scarcity and grade... thanks for any insight |
|
Pillar of the Community
United States
1302 Posts |
the coin was a 1969-P (no mintmark on the coin). in MS-66+. 1969-D quarters come much nicer- although they aren't as nice as 1968-D, 1970-D, or 1972-D.
|
|
Pillar of the Community
United States
2271 Posts |
Quote:I'm a bit confused...I'm not a modern collector of clad coinage so work with me here are any of the MMs specifically scarce or are we talking "super scarce in MS-65 and above" for any of the P or D that year? What was the MM you sold your client for $500? not for nothing, but, here's another one you can buy and make a hefty profit on to that person http://www.ebay.com/itm/1969-D-25c-...em4d14174239and its this link that confuses me to the remarks being made about scarcity and grade... thanks for any insight I like the '69-D a lot too but as CC9999 says it's much more common in nice condition. Many were well made (20%) so as they wear in circulation they still look nice if they don't get banged up. They also wore more slowly for some reason and you could still find XF's only 15 years ago. Tghis was also a very low mintage coin so a lot more were saved. Rolls are very elusive but can be found. There are lots of choice and near gem examples and Gems aren't scarce. Attractive examples will be available except in XF and AU where they will be much tougher. It's this unavailability in VF+ to AU that makes this date so interesting. Since it's common collectors will want nice examples but won't want the VF and lower coins and will try to stretch for Uncs. The absolute number of Uncs is not high and is probably under a million. Half of these aren't as attractive. The '69-P is tough in an absolute sense as an attractive specimen but the '69-D is tough only in a relative sense due to its lower mintage. One of the big reasons clads have never been collected is that they were ugly and most are even uglier now. People never noticed that some are really quite attractive. Collectors like collecting things that are harder to find and we like quality. This is why I believe most clad collectors will seek nice attractive coins; they're tough and better quality. They were better made, better preserved, and better worn. A nice choice set of dimes is easy and quarters are not much harder. Gemmy sets can still be done cheaply but require a lot of effort for all of the moderns. Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
4337 Posts |
i received two 1969 P & D Mint Sets in the mail yesterday
The "D" Quarters are gems
The "P" Quarters are:
1 - is hazy with marks that I cannot believe are in a mint sealed set - unreal
2 - very PQ example with no haze or marks and actually looks like if I broke it out of the cello it will be a a desirable coin
what should I do? are any of you guys interested in a coin like this? should I send it to PCGS?
|
|
Pillar of the Community
United States
2271 Posts |
If it's well struck with nice pleasing surfaces and very few marks it might grade pretty high and be quite valuable. The odds of this aren't good and you probably have one of the about 8% of these that are nice chUnc (MS-63, MS-64 or near-Gem).
You could try posting a picture.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
965 Posts |
I got a nice AU 1970d in my change yesterday, should I keep it? Or does this only/mostly apply to the 1969p?
|
|
Pillar of the Community
United States
2271 Posts |
You can buy nice '70-D cents in mint sets in Gem. The set sells for little more than the wholesale value of the half dollar.
It's a strange world where nice choice 43 year old coins aren't scarce and aren't collected.
By the time these are collected the coin might be vary scarce in AU but a Gem will always be worth more.
Time don't fly, it bounds and leaps.
|
| |
Replies: 13 / Views: 5,756 |
|
Posted 10/28/2013 4:39 pm
