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Unc. Set Of Washington Silver Quarters

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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 10/31/2013  09:58 am Show Profile   Bookmark this topic Add CoinCollector2012 to your friends list Get a Link to this Message Number of Subscribers
Hi all,

I am going to do a complete set of Washington silver quarters in MS-60 with the keys (32D and 32S) in around a VF. Has anyone attempted a set like this and could possibly give me some tips?

Thanks

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BuffalosRock's Avatar
United States
500 Posts
 Posted 10/31/2013  10:51 am  Show Profile   Bookmark this reply Add BuffalosRock to your friends list Get a Link to this Reply
Not a fan of Washingtons so I can't help you there.

But targeting MS-60 is pretty tough in almost any coin. You would be much better off choosing 62 or 55 as a target, IMO. 60 means it is ugly and beat up but not worn. It is a rather rare grade actually and not that desirable - if resale or upgrade value is of any concern. In almost any coin, 55s and 62s are easier to find and, depending on your budget, would probably make for a nicer collection.

Are you looking for slabbed or raw? That makes a lot of difference in target grade as well, IMO. Raw you have to be wary of cleaned ones but can get the higher grades for much less than slabbed usually. If going slabbed you'll either have to deal with paying near retail prices or have to be very very patient to find bargains on auctions. If it were me I'd probably target 62 or 63 in raw or 55 in slabbed rather than 60 in either.

Good Luck!
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acloco's Avatar
United States
3540 Posts
 Posted 10/31/2013  11:03 am  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
I am a little more than half completed on an UNC Washington set. They are out there.

Washington quarters are tough to distinguish, in my opinion, between an exceptional AU vs an MS examplet. Some have slightly weak strikes, that although Unc, may be graded as AU. Somewhat similar to the Buffalo nickel series.

By chance, I was able to purchase quite a few UNC quarters from my dealer a little over a week ago. He bought a LARGE inventory that has been in storage for 25 years.
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 10/31/2013  11:15 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
it's very possible to find inexpensive raw UNC washingtons all over the place. look at this link

https://goccf.com/t/150499&SearchTerms=washington

those are three of mine. I am about half way through my set having knocked out 50 through 64 in only P, D or S and not all three MM. I have several in the 40's with lots of work left to do.

my point is that I have acquired all of those raw from ebay and they are pretty cheap all things considered. its an attainable set and will just take time and patience and lots of hunting.

good luck and please post as you go!
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cc99999's Avatar
United States
1302 Posts
 Posted 10/31/2013  11:54 am  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
why buy a set and skimp on the two key date coins? this kind of collecting never made sense to me. it's a sign of impatience on the part of a collector that assembles such a set. my advice is to study the series, learn a thing or two about grading them and strike- then go out and cherry pick nice examples in your budget. the key date coins? MS-63 for the 1932-S and MS-61 or MS-62 for the 1932-D should be your goal. If you have to, put a little money aside each week to save up for the big coins. I don't think those two dates are going to be going up in value within the next 12 to 18 months- the other dates, however, are already on the rise.
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 10/31/2013  1:43 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
right now I am just trying to get the album. thanks for all the advice so far. maybe I will go for a 63 set instead.
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kanga's Avatar
United States
5825 Posts
 Posted 10/31/2013  4:05 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
General statement about the grade MS-60.
Very few collectors want a coin in MS-60. Nor MS-61 or MS-62.
Most consider AU-58 superior to any of those grades.

I concur with that opinion.
AU-58 or MS-63.
Skip the one in between.

EXCEPTION:
The more expensive coins are okay in MS-62 and maybe MS-61.

My 1921 Peace dollar is a MS-62.
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paleoguy45's Avatar
United States
2936 Posts
 Posted 10/31/2013  4:12 pm  Show Profile   Bookmark this reply Add paleoguy45 to your friends list Get a Link to this Reply
I'm finishing up a MS set at the moment. The '32S arrived today in 63. I won it on an The Bay auction at a very low price. Other than the '32D (which I find a 62 as perfectly OK to the set) the '36D is the killer in MS. It's way more than the '32S to acquire. Any thoughts/knowledge as to why it's so difficult to find MS '36D's since, in theory they minted millions of them? PG
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Bizybackson's Avatar
United States
1817 Posts
 Posted 10/31/2013  6:22 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
@paleo: the novelty of the Washington quarter wore off by 1936, so very few D's were saved. That was a tough coin to find in 62. Also they seemed to have been struck in a hurry with semi blurred details in MS. This was also just the very beginning of saving new coins by the roll and the quarter wasn't saved in huge quantities unlike the smaller denominations.
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GR58's Avatar
United States
11951 Posts
 Posted 10/31/2013  9:02 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Congrats on your decision on starting a Washington quarter set. It is one of my favorite series.

As for what grades you should shoot for .. I think that should be your own decision.

In my experience most collectors have a comfort level for how much they like to spend on a coin. And it does not have anything to do with how much money you have or make ..

A VF 1932 D can be bought in the low $100.00 range, a low to mid grade MS would be in the $1,000 to $1,500 range.
It would easy for me to tell you what you should buy, when it is not my money.

For the Washington quarter set there are many high priced coins on the first page.

For example
https://goccf.com/t/160446

I have been working on my set for many years, and I am still updating coins.

What advice I could offer, learn how to grade this series, and what good prices for each coin would be. When you see a coin that falls into your grade and price range, buy it.
Some of the harder coins are difficult to find, for a good price.


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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 11/01/2013  09:06 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
I would like to do a 63 set, but I am concerned I will not have the money.
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CoinDan98's Avatar
United States
1053 Posts
 Posted 11/01/2013  7:58 pm  Show Profile   Bookmark this reply Add CoinDan98 to your friends list Get a Link to this Reply

Quote:
General statement about the grade MS-60.
Very few collectors want a coin in MS-60. Nor MS-61 or MS-62.
Most consider AU-58 superior to any of those grades.

How do you figure?
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 11/07/2013  01:13 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply

Quote:
why buy a set and skimp on the two key date coins? this kind of collecting never made sense to me. it's a sign of impatience on the part of a collector that assembles such a set.


That is an awfully snobbish statement. When that first page is going to cost you out the nose (thanks GR58 for linking that) for the non key dates in MS grades, then dropping down to XF, which if done correctly is not a huge difference appearance wise but certainly is cost wise, for the keys is not at all impatient. It is simple economics.

Those of us who have limited collecting budgets (and from your statements is not the case for you) even setting money aside is not going to cover the cost of the early D&S coins in MS ALONG WITH the 32 D&S in MS. Not counting the 32's, that first page can easily run 1500 or more. The two in the grades you mention retail at around 1700.00 themselves. I realize there are deals to be had, but you are still talking a LOT of money. Sorry, but you are simply flat out wrong in that statement.

And also, how is it that you get to say what anyone should or should not have in their collection?

Quote:
MS-63 for the 1932-S and MS-61 or MS-62 for the 1932-D should be your goal
So just WHY is that the goal I am supposed to have? What ever happened to get the nicest coin you can afford in the budget you set and there you go?

To coincollector, as you can see, that first page can be quite daunting in anything uncirculated. My photography sucks, so you can not tell, but the the 32S on that page GR58 linked to is a wonderfully toned AU50 and the 32D is VF20 details cleaned. It has also toned nicely. Both look much better than that pic shows.

As I already mentioned, go for the best coin you can within your budget. Research how much those coins cost in ANY MS grade, and adjust what you need to. Understanding you may not be able to match higher grades for the 32's is wise. They are pricey coins. But there are beautiful XF coins out there that would go nicely with MS of the other dates.
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basebal21's Avatar
13014 Posts
 Posted 11/07/2013  01:47 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Those of us who have limited collecting budgets (and from your statements is not the case for you) even setting money aside is not going to cover the cost of the early D&S coins in MS ALONG WITH the 32 D&S in MS. Not counting the 32's, that first page can easily run 1500 or more. The two in the grades you mention retail at around 1700.00 themselves. I realize there are deals to be had, but you are still talking a LOT of money. Sorry, but you are simply flat out wrong in that statement.


I actually agree with both of you as strange as that sounds.

I disagree that skimming on the keys is being inpatient but I understand the theory behind getting the nicest keys possible and if you were to skim do it on the common dates.

That said though they are expensive, to me theyre too expensive to stick into an album raw and would keep them slabbed which defeats the purpose of getting one for the album. Simply putting them in there could do something that affects the grade and youd be talking about a significant value loss. Its one thing to do it with a valuable vf, but theres just no way I'm pushing a 1700 dollar ms coin into an album.

At the end of the day everyones collection is their own and whatever they like best is best for them. Budget plays a huge factor and not everyone would want to tie that much money up in a single coin.
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