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1968 Quarter And Dime

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Vatreni's Avatar
Canada
115 Posts
 Posted 05/23/2016  11:55 pm Show Profile   Bookmark this topic Add Vatreni to your friends list Get a Link to this Message Number of Subscribers
I was just going across some of my coins in collection. I have a lot of 68's in possession (silver). Some in very good condition. I am aware this year had a lot produced and many people guarded their coins. I was just wondering what kind of grades two coins like this may offer, to reflect across rest of my 68's in possession and any other coins as well.

Your thoughts are greatly appreciated and thank you.



1968-Quarter-And-Dime

1968-Quarter-And-Dime

1968-Quarter-And-Dime

1968-Quarter-And-Dime
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Paulsz's Avatar
Canada
2187 Posts
 Posted 05/24/2016  9:45 pm  Show Profile   Bookmark this reply Add Paulsz to your friends list Get a Link to this Reply
The dime looks to be really nice. COuld you post pictures from straight above the coin? The quarter looks MS64 ish, possibly a 65 with better pics. As for the dime, I'm not sure if it's a MS or PL but it looks like an easy 66
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 Posted 05/24/2016  10:50 pm  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
The dime is a business strike, I've seen quite a few cameod highly mirrored silver business strike dimes for this year, have a couple in my collection. Who knows why, different from any other year. They could be Philadelphia mint strikes. they do look like proof likes they're very nice. Maybe show the reeds on the dime, that's supposed to be the only tell from Ottawa to Philadelphia mint
Edited by Alan
05/24/2016 10:59 pm
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Vatreni's Avatar
Canada
115 Posts
 Posted 05/24/2016  11:08 pm  Show Profile   Bookmark this reply Add Vatreni to your friends list Get a Link to this Reply
Im adding some photos directly on top of dime Paulsz.

I had a few questions as well.

1) Is it worth getting graded? Both of the coins or just something like the dime.

2) Where do you go to get it graded? What's the best way to go about that?

3) How does it qualify to be PL.

These dimes were out of a roll. Although it wasn't a bank roll. It was a regular roll.

Thanks,


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1968-Quarter-And-Dime
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Vatreni's Avatar
Canada
115 Posts
 Posted 05/24/2016  11:13 pm  Show Profile   Bookmark this reply Add Vatreni to your friends list Get a Link to this Reply
These coins do not stick to a magnet.
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Paulsz's Avatar
Canada
2187 Posts
 Posted 05/25/2016  12:00 am  Show Profile   Bookmark this reply Add Paulsz to your friends list Get a Link to this Reply
not magnetic would mean they are silver. As for getting graded, I'm not sure it's worth it. Unfortunately, the silver version of these coins are easier to find in higher grades, and sell for less. I'm guessing because people kept them once they found them since the composition was nickel from that point on. FOr the 1968 quarter, it would be a MS65 at most, and even then it would sell maybe for $20-25. I paid $35 once for one because it had a nice cameo. But for the dime, if it is a business strike, could be a MS66. Those fields are really nice and clean. And you've got a nice cameo as well. On ebay, one of these sold for $30 in auction. If you put it as buy it now and wait for it, you could probably get $50 in my opinion. So I'm not sure if you want to get it graded. Before doing so, get some more opinions here on the forum.

As for your questions

1) Is it worth getting graded? Both of the coins or just something like the dime.

Maybe the dime. The quarter, not really.

2) Where do you go to get it graded? What's the best way to go about that?

ICCS would probably be your best call. They're located in Toronto. But for it to be worth it, you'd want to amass a larger number of coins that are worth grading, and sending them all in at once. Presently, I think one coin will cost you $16 to get it graded, plus taxes and shipping. So not worth it to send alone. But once you send in 6 or more, $11 each, then 50 or more, $8 each, and I think at 100+ it caps at $6 each.

3) How does it qualify to be PL.

ProofLike coins for this date came from PL sets. These were made to be collected. They tend to have nicer, more defined rims and squared lettering. The strike is just nicer overall. But like Alan said, this is probably a business strike
Edited by Paulsz
05/25/2016 12:02 am
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 Posted 05/25/2016  01:49 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
The dime is a beauty but neither coin is worth getting graded.
The last MS66 silver sold for about $20US on ebay, a cameo silver dime actually sold raw for 1cent.
MS64 and MS65 quarters like yours generally fetch $8-$12US on ebay, hardly worth the cost of grading.

PL and Philidelphia struck silver dimes of this year are exceedingly rare, likely back door jobs,not something you would find in a roll.
"Dipping" is not considered cleaning...
-from PCGS website
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Vatreni's Avatar
Canada
115 Posts
 Posted 05/27/2016  12:10 am  Show Profile   Bookmark this reply Add Vatreni to your friends list Get a Link to this Reply
Thanks for the input guys, for that kind of value I won't be sending these dimes in(I have others that are similar as well, but this one stood out the most).

I guess you're sometimes taking risk as well when sending these coins in to get graded.

Do people follow a certain threshold in terms of dollar range to be sending a coin in?

Even it's bulked , like hundreds of coins going in to get graded. ($6 a piece)

I will keep searching for other coins...
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GregJG's Avatar
Canada
257 Posts
 Posted 05/27/2016  08:27 am  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
Economically, the threshold for grading depends on two things, the amount you paid and the expected profit you want.
Say you paid $40 for a coin.
You estimate it's grade and that is worth $200 on the book value
Maybe you can sell it for $130 after a typical discount off book value.
Out of that $90 of expected profit, you can decide if you want it graded by ICCS ($8-10 total shipped/insured per coin) or PCGS ($45-80 total shipped and insured per coin)

Now you have enough margin if it comes out a grade lower you're ok too.
(Just sample numbers by the way hehe)

Other than that, people grade to differentiate between mint state grades which are much tougher to do yourself without years of experience, collecting sets of graded coins, or for preservation.
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