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Replies: 11 / Views: 1,670 |
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New Member
United States
3 Posts |
Could someone tell me what the key dates are for "Liberty Walking" half dollars? Grading aside, why is there such a large difference in the prices being asked for on E-bay. I know the amounts minted is one reason. The other? (And I know, be wary, be very wary, of E-bay)
Thanks--
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Valued Member
United States
177 Posts |
The other would be the condition, or grade, of the coin, which can vary from badly worn (called "good", ironically) to immaculate (uncirculated, or mint state). I don't know what the "official" keys in the series are, but the following are listed at $100 or above in F-12 condition in the 2008 RedBook: 1916 P and S 1917S type I 1921 P, D and S 1923S 1938D Other pricey ones are 1916D, 1917D both types, 1918D, 1919D & S, and 1920D,. The two 1917 types differ in the location of the mint mark. On the Type I it's on the obverse just below the words "In God We Trust", in the Type II's it's on the reverse near the edge at about the 8 o'clock position.
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Valued Member
United States
402 Posts |
Quote: Grading aside, why is there such a large difference in the prices being asked for on E-bay. I know the amounts minted is one reason. The other? Original skin and grades are a few more reasons for the price differences. The early dates (1916-1933) that have the right color and grade will go for more than book value. The strike of the Walker also plays a big part for me, I like a full head and hand with split between finger & thumb and a nice looking eagle's breast. This makes some other dates Keys for me like the 35D, 40S and the 41S and I will pay more to get a great strike. ebay is not that bad if you know what your looking for....
Edited by 50cents 05/19/2008 11:45 pm
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Pillar of the Community
United States
615 Posts |
I read somewhere that a lot of silver coins were melted in the 80s due to silver price over taking the coin value. So I bet survivor number is lower than mintage.
Also, some dates might be more rare in higher grades.
-SWUSC
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New Member
 United States
3 Posts |
Quote: eBay is not that bad if you know what your looking for.... And that is the key. But each day here is a learning experience, and that's not a bad thing.
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Pillar of the Community
United States
3343 Posts |
Spend some time and learn to grade these coins. Don't ever believe what someone on ebay says the grade is - what I've seen listed is usually overgraded by at least 1 step, sometimes 2. The easiest place to look at lots of examples with quality images graded by the reputable services (NGC/PCGS/ANACS) is on the Heritage Coins site. This is especially important for pre 1921 coins. Strike is also important. You can have coins with the high point detail of VG which are VF's with a weak strike. I personally wouldn't pay over VG price for something that unattractive. Even if the coin looks to be fairly graded and priced, avoid the shiny ones, unless you want something that's scarce to fill a hole or to carry in your pocket.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
3343 Posts |
Here's a perfect example of what I'm talking about: http://cgi.ebay.com/1919-D-Walking-...ne_W0QQitemZ300223884051QQihZ020QQcategoryZ41100QQssPageNameZWDVWQQrdZ1QQcmdZViewItem This coin grades good and is severely scratched, yet the seller describes it as a fine. The bidders recognize this and the coin sells for $12.50, not much above bullion at today's silver prices. I found one today in better condition than this for $8 in a coin shop. The 1919-D is a semi key date, yet survival of all of the walkers is high in low grades. When you look through the population reports, they're scarce and expensive only in the uncirculated grades. I'd argue that the low mintage "rarities" are overpriced in the low grades - especially the 1938-D - because the survival is high. Yet you still have a lot of people competing for them because it is a set that everyone can complete. The situation is similar for the 1921 and 1928 Peace dollars. Big money buys an ugly and not very rare coin.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 05/25/2008 06:52 am
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Valued Member
United States
402 Posts |
Quote:The 1919-D is a semi key date, yet survival of all of the walkers is high in low grades. When you look through the population reports, they're scarce and expensive only in the uncirculated grades. I'd argue that the low mintage "rarities" are overpriced in the low grades - especially the 1938-D - because the survival is high. Yet you still have a lot of people competing for them because it is a set that everyone can complete. The situation is similar for the 1921 and 1928 Peace dollars. Big money buys an ugly and not very rare coin. Can you please tell me where to find some nice 1916-1921 Walkers in grades VF-EF with original skin and no problems since you say,"survival of all of the walkers is high in low grades." I hope you was referring to low grades as anything under Fine because in grades VF to EF the 16-21 Walkers with no problems are very RARE and will sell for more than bid when sold. The 38D was saved in high numbers because of the low mintage but go to ebay and try and find this coin in grades VF to EF with no problems. Putting together a nice set of original problem free Walkers in VF can be quite a challenge. Check out the NGC or PCGS Pop reports for the 20D in grades VF20-AU58 
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Pillar of the Community
United States
3343 Posts |
You can look at any of the key dates on ebay and find plenty, in grades claimed to be as high as VF-XF, but in reality most are F or lower, or with major problems. As you've noted, it's hard to find 1916-1921 above F. The last semi-key VF walker I picked up was from Harlan Berk - a no-problems 1923S in VF20 - but in general Berk's early walkers are G to F. Brian Greer gets some - I recall seeing high grade 1916's and 1919's on his site recently. You might try combing through Allens' list, too, but as I recall there was no high quality early material there. I haven't checked Dick Osburn's walkers - if anybody has the high quality stuff it will be him - but don't expect it to be at ebay prices. One last thought is to hit the coin shows if you have anything near you. I've seen a lot more of the 1938-D's in VF-XF and problem-free, mostly in coin shops. For a while it seemed like everyone had 5 or 6 of them. One dealer that had over a dozen was in Downey CA. I dickered a VF out for under $100 a year ago. Here you go. They had the stock a year ago, hope they still do. Southern California Coin & Stamps (562) 927-4014 7635 Firestone Blvd, Downey, CA 90241 Just for the heck of it I checked out the sites above. The prize is an AU 1921-D at Allen's - if you have $3375. And Dick Osburn doesn't carry walkers.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 05/25/2008 2:44 pm
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Valued Member
United States
164 Posts |
thq, Have you purchased from Allen's. I have made several buys from them and have been pleased each time. Who would have thought that a business selling all that they do would have a decent coin selection. I don't find their prices to be too far out of line.
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Member
United States
3242 Posts |
I like his refund terms read them* . but the only post mark is when you ship it not when you get it stay away from fool like that! 15% restocking fee?
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Pillar of the Community
United States
3343 Posts |
rohumpy, I have purchased from Allens several times. Both foreign and US. There's a lot of common date material there, but sometimes you run across things that are just amazing. I got the lowest mintage coin that I own from them (1844 quarter eagle). The prices and grading have been fair. amac44, 15% of $12.50 isn't a lot, but it is the principle of the thing. What bothers me more is labeling the thing at a grade that would be worth $100 if it were true. [I once called an ebay walker dealer (no longer in business) on his shady grading. His defense was that grading standards were now relaxed, and you shouldn't use archaic standards like Photograde.  ] And those scratches - it looks like some twisted fiend went after poor Liberty with an icepick. Rarity of the walkers is a relative thing. Many of the coins I like are genuinely rare, with NGC populations in the 10-20 range over all the grades. Several of them don't even exist in mint state. The least common of the walkers have populations in the 300's, yet they often price higher than the coins I like in the same grades. Not that I don't like walkers. They're relatively expensive because everyone else does, too.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 05/26/2008 11:18 am
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Replies: 11 / Views: 1,670 |
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