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 Replies: 12 / Views: 6,545 |
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Valued Member
United States
415 Posts |
I busted this out of a roll of quarters at the bank I work at today. Sadly, you can see from the observe that it was on the end of the roll. Regardless, I couldn't believe now new and shiny it looked. Is this possibly a proof? I'm not as good at judging that on older coins.   Edited by carnold744
05/30/2014 6:05 pm
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Pillar of the Community
United States
1037 Posts |
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Pillar of the Community
United States
3345 Posts |
Nice luster, but not a proof. Even on the older proofs there's still a faint mirror-like surface to them. The designs are also in greater detail, and not worn down as much. Even if it's been in circulation a long time, you'll be able to tell
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Valued Member
 United States
415 Posts |
Yeah, I wasn't too sure. Regardless, this might be the happiest I've ever been to see a 1965 quarter. They are the worst ones to find when you are looking for silver.
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Pillar of the Community
United States
1817 Posts |
Looks like the quarter was "liberated" recently from an SMS set. There were no proofs issued for the 1965 dated coins, in their place Special Mint Sets were released for 1965, 1966, and 1967. Some of the earliest coins exhibited proof-like fields with frosted devices, and are in high demand. It's definitely a keeper.
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Pillar of the Community
United States
3755 Posts |
A very nicebusiness strike, but not a SMS. Not enough detail or mirror to the surfaces. No they were not proofs, but they had proof like characteristics. Certainly a keeper though.
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Bedrock of the Community
Australia
21786 Posts |
These very honest and unforgiving pictures reveal a few circulation marks, especially on the obverse side, but the condition still suggests better than MS60.
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Valued Member
United States
405 Posts |
looks like rolling machine marks from being an ender of a roll on the obverse.
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Pillar of the Community
Korea, Republic Of
1881 Posts |
Not SMS, but certainly not too bad for being in circulation for 49 years.
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Valued Member
United States
258 Posts |
That's a nice find for a 1965 quarter! Most of the time I find them all worn and think for a split second it's silver, but it never is...
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Valued Member
United States
188 Posts |
If that was one of those silver 1965 errors, you wouldn`t have to worry about anything again!
Edited by DannDaMan020
05/31/2014 3:42 pm
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Valued Member
United States
173 Posts |
Somebody here should mention to you that this find far exceeds that of an SMS. Despite their astronomical mintages, regular uncirculated business strike quarters of this date are not necessarily easy to locate! NOBODY was tucking away rolls of these things but collectors still stacked the SMS sets. Finding this coin in this condition is about as likely today as finding... I don't know... I might find a couple silver quarters in circulation every year or so but would probably start dancing if I found that. In the last 5 years I've probably only actually picked 3 pre 1999 "uncirculated" Washingtons from circulation. I'd never expect to find a 1965 business. Awesome pick.
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Pillar of the Community
United States
2271 Posts |
The wholesale price on BU '65 quarters is $3 now which isn't too shabby for a coin with almost no demand at all.
Actually, though, it appeared that many millions of 1965 quarters wereset aside in 1965. It was just habit in those days and even though the introduction of clad killed the roll and bag market there were still people who thought they could make money on rolls. These people were in for a rude awakening because in '66 and '67 there was still no demand for clads. These coins were released by the population throughout the late '60's. As late as the mid-'80's these coins wholesaled for $11 a roll and buyers were hard to find.
Would be profiteers were also stymied by the FED because there were millions of 1965 quarters in storage even in 1972 when they began FIFO accounting which required them to rotate their coin stocks. This date was still enterring circulation as brand new coins right up until 1975 because it took three years to rotate the entire inventory. AU's were still in circulation in 1997 when the states program was announced but were getting decidely tough. By comparison the last AU 1966 quarters were gone from circulation by 1981 as they had gone straight into circulation by 1968.
I suspect part of the high price for this relatively common clad is caused by variety hunters seeking the numerous varieties of this transitional year.
People will be in for a surprise when they realize how many scarce, rare, and highly desirable coins are in circulation and how few survive in Unc just because they weren't saved.
Time don't fly, it bounds and leaps.
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Replies: 12 / Views: 6,545 |
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Posted 05/30/2014 6:04 pm
