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 Replies: 12 / Views: 2,905 |
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Valued Member
United States
134 Posts |
Why are 1983P Quarters listed in Red Book, ms65 is worth $65.00. What makes them so valuable? Thanks *** Moved by Staff to a more appropriate forum. *** |
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Valued Member
United States
337 Posts |
I believe that year there were no mint sets made so coins in high grade that year are harder to find due to them all being circulation strikes. Someone will chime in who knows more about it but I think that price is a little high but they are definitely a little more pricey is ms. |
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Valued Member
United States
406 Posts |
Actually, no mint Sets were made by the Mint (assembled from circulation-strike coinage) in either 1982 or 1983, so the 1982-PD and 1983-PD quarters are somewhat tougher in high grade. Roll quantities never appeared in any significant amounts either, from what I recall, and I don't know why. The current Coin Dealer Newsletter Bid price for BU rolls are: 1982-P $235; 1982-D $160; 1983-P $580; and 1983-D $310. This is as compared to Bid for the 1971-P and 1971-D of $36 and $13.50, respectively. Best Regards,  George |
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Valued Member
 United States
134 Posts |
Thank you all for that information, it seems ms grades are the coins to purchase as they will appreciate more. Looking forward to getting one for the great nephews.
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Pillar of the Community
United States
2271 Posts |
Remarkably a great number more rolls were saved in '82 and '83 but there were almost no clads at all being saved in those days so a lot more was still not many coins. Most of the rolls are gone now.
The '82 was poorly made and the '83 was banged up at the mint. Finding nice attractive specimens is difficult among the few coins surviving.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
4409 Posts |
Something else that might have played a role is that the Mint began striking commemorative coins in 1982.
Collectors and dealers might have opted for the commems versus something they thought would be common.
-MV
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Valued Member
United States
300 Posts |
Another reason is back then, almost no one collected "clad trash". If it wasn't silver, it wasn't collectable. It would be a decade or more after these were made that people really started collecting clad coins.
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Pillar of the Community
United States
2271 Posts |
Quote:
Something else that might have played a role is that the Mint began striking commemorative coins in 1982.
Collectors and dealers might have opted for the commems versus something they thought would be common. This is an often overlooked factor. The same year mint set production ended commens resumed. There was almost no specific demand for mint sets. People didn't so much buy them but because they wanted sets or any of the coins so much as they were one of very few mint products. A few were bought for the half dollars but most were bought just because they were there. Reagan and the mint wanted to trim costs so these were the victim. Much to my surprise there was much more complaning about this loss than was predictable. Several companies stepped in to fill the void so the government stepped in and resumed production in '84. Many people don't realize the best specimens of most moderns ALL appeared in the mint sets. This makes mint set quality coins of '82 and '83 extremely scarce. There may be a single '82-P 25c that is truly mint set quality with a solid strike from new dies. Even in MS-65 most of these issues are highly eludssive. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
613 Posts |
Something to hunt for, then!
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Pillar of the Community
United States
1748 Posts |
no mint sets for that year and in 1983 if you got a cupronickel clad quarter, you just spent it. The hobby really looked at them as debased garbage back then. I do have to admit, after 50 years in circulation, the cupronickel alloy is superior to silver as far as durability.
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Pillar of the Community
United States
2271 Posts |
Quote:
No mint sets for that year and in 1983 if you got a cupronickel clad quarter, you just spent it. The hobby really looked at them as debased garbage back then. I do have to admit, after 50 years in circulation, the cupronickel alloy is superior to silver as far as durability. I waited until I got a couple real nice '82-P quarters back in change and asked the manager what bank they did business with. The bank was just across the street and I went over and got a bag of new quarters (that's a whole other story, too). The vault manager brought the bag up to me personally and he told me he had called up several other managers and none of them had ever heard of anyone requesting any clad dimes or quarters before. Best of all it worked! The bag of quarters contained a really first rate press run with a couple hundred really well struck coins from a new die. The whole bag was really great but I spent the other 3800 coins anyway. I kept nicest couple from each die pair. I had less luck with the other dates and denominations of the era but did manage to acquire several nice choice 1979 type "d" reverse coins. No. I pretty much never ran into anyone doing the same thing I did. Once oin a very long while a dealer would tell me he had heard of someone who searched halfs or dollars but never quarters or dimes. If collectors wait to collect these until the mint sets are completely gone they're going to find that all the coins are tough except the bicentennial and 1965 issues. Even todayt I wonder if there will be enough clad dimes being set aside. Mint set mintages are so low now and even some of the sets with states coins are being busted up and spent. The '05- '10 mint set coins are SF instead of like the circulation coins. Moderns aren't being collected except for states coins, are they being saved? Time don't fly, it bounds and leaps.
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Valued Member
United States
300 Posts |
It's funny you mentioned dimes, I have a roll of 2009-D's set aside, and I've even thought about picking up a roll of the P's just to go with it. I also managed to snag a roll of 2014's from the bank last year.
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Pillar of the Community
United States
2271 Posts |
I'd have stashed a lot of '08 and '09 dimes if I could have found any.
Time don't fly, it bounds and leaps.
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Replies: 12 / Views: 2,905 |
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Posted 01/21/2015 08:12 am
