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1906-O Barber Quarter

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JoshsCoins's Avatar
United States
43 Posts
 Posted 03/11/2018  2:53 pm Show Profile   Bookmark this topic Add JoshsCoins to your friends list Get a Link to this Message Number of Subscribers
Hi everyone. I have been putting together a set of Barber quarters, and have 17 holes in the Dansco left. One of the tougher dates I have been unable to find a solid example for is the '06-O.

Of course I have been combing through ebay, and wanted to get some reactions to this listing: https://www.ebay.com/itm/1906-O-25C...!90034!US!-1

Here is the item description:

Quote:
The 1906-O is scarcer then most realize at this level. Over the past 15 years IN ALL AU grades there have been 12 auctions of numerically graded coins. The only 2 recent 58's went for over $1200 so the AU50 level is a nice price point in comparison. Total AU50 PCGS pop is 7 coins!


I believe the gray sheets have an AU-50 at or about $180. Even the 2017 Red Book lists for $200. The seller cites recent auction prices for AU-58 coins (and even though they share a "AU" designation) are really in a different tier of coin. I understand some price deviations from those publications depending on the supply/demand for certain dates, but this seller is trying to get a buyer to rationalize a 250% price hike. Does anyone have any thoughts on this? Is the fact that I'm baffled unreasonable here?
Edited by JoshsCoins
03/11/2018 2:58 pm
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Mark1959's Avatar
7234 Posts
 Posted 03/11/2018  6:45 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply
He/She's asking a MS62 price for a low AU grade. Sit back and look around.
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Mark1959's Avatar
7234 Posts
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 03/11/2018  7:56 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

Who knows how often Graysheet prices are updated? Unless the series is widely traded such as Morgan dollars, I'd say the publishers simply leave the listed prices alone.

J J Teaparty has a PCGS AU-53 for sale on their site priced at $399

West Coast Coins Oregon has a PCGS AU-58 for sale on their site for $545

Remember that Barber quarters and halves circulated heavily when issued that's why you see plenty of lower grades yet once you get above Very Good or Fine, the prices go up sharply.

-MV
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moxking's Avatar
United States
17900 Posts
 Posted 03/11/2018  8:05 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
dealers quickly learn how tough certain issues are and how rarely they are available. In those cases an initial high price offer is simply good business practice for maximum profit. It's just silly to blame them for knowing their inventory.

Comparing 50 to 58 prices is a four point (50, 53, 55, 58) bounce and an unfair comparison.

Once you become knowledgeable about certain scarce issues in a series, it's easy to list high and hope a collector is so sick of looking for them, that they will buy.

I'm looking for three coins right now that I'm nearly ready to just pay higher buy it now prices. After nearly five years of searching, I'm really ready to get them for that higher than list price.
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basebal21's Avatar
13014 Posts
 Posted 03/11/2018  9:08 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
While that price may be high, you can forget about getting high grade Barbers especially nice ones of better dates for greysheet without flat out getting extremely lucky.
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bandsdean's Avatar
United States
2125 Posts
 Posted 03/13/2018  7:06 pm  Show Profile   Bookmark this reply Add bandsdean to your friends list Get a Link to this Reply
Boy, I didn't think that coin could make VF-35. There is a better one waiting for you!
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two_tonevf35's Avatar
United States
719 Posts
 Posted 03/14/2018  12:13 am  Show Profile   Bookmark this reply Add two_tonevf35 to your friends list Get a Link to this Reply
I've known that seller for 12+ years, Glenn Holsombake. He was a collector who became a full-time dealer. I cannot recommend highly enough re: integrity.

Unfortunately for you he knows his Barbers exceedingly well, and you can throw the gray sheet away for F-XF, low pop, PQ eye appeal coins in halves and quarters.

VG and below, very doable with patience, but still going to shell out some $$ especially for all the semi-keys in VG. (forget about the 01s).

If the price is way off your budget, just move on.

If it's within 20%, no harm in shooting him a message and make an offer. He is very reasonable, but he is also a business man and has to make a profit. Unless you have a good relationship with a network of several like-minded collectors and a few dealers, the quarters and halves in midgrades, these are very challenging to complete in original condition, let alone PQ coins like that one.

Watch for counterfeits.

5 figure coin here, provenance Jim Dimmick, PCGS F12. Not sure who owns it now.

1906-O-Barber-Quarter
1906-O-Barber-Quarter
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Jaobler's Avatar
United States
6383 Posts
 Posted 03/14/2018  1:14 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I agree Glenn H. is probably THE go-to guy for Barbers. If he's asking a PQ price it's likely a PQ coin. Moxking is right about those difficult holes; at some point you either give up or pay up!
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Debrajc's Avatar
United States
4211 Posts
 Posted 03/15/2018  9:04 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Josh~!

Looks like a nice example. Make an offer and see if he counters.
Some harder date coins sell for much more than greysheet.
Not just in Barbers either.

We would love to see some pics of that Dansco!
New Member
JoshsCoins's Avatar
United States
43 Posts
 Posted 03/15/2018  9:46 pm  Show Profile   Bookmark this reply Add JoshsCoins to your friends list Get a Link to this Reply

Quote:
Boy, I didn't think that coin could make VF-35. There is a better one waiting for you!


I'm inclined to agree with you to a point. I would assign this coin an XF-40 grade myself. The O quarters, especially later dates, were just struck SO poorly so consistently. So when I see hair detail missing between the headband and forehead, I presume that striking issue reason could be a scapegoat for why the details missing were apparently disregarded in the grading process of this coin.

The reason I had originally clicked on the listing was because I think it matches with my set, not because it was specifically an AU-50.



Quote:
I agree Glenn H. is probably THE go-to guy for Barbers. If he's asking a PQ price it's likely a PQ coin. Moxking is right about those difficult holes; at some point you either give up or pay up!


I think what makes me twitch is that I began collecting this series knowing that it would be cost intensive. I had my idea of costly, problematic dates...

The big three: 1896-S, 1901-S, 1913-S

Various lower tier keys: 1896-O, 1897-O, 1897-S, 1901-O, 1908-S, 1909-O, 1911-D, 1913, 1914-S

And pretty much anything in the 1800's with a mint mark.

I'd say the ones that I was not expecting as much difficulty as I had trying to locate a problem-free, mid grade example are: 1899-S, 1900-O, 1906-O, 1910.

The ones I knew were going to be tough, but have since found the coins to be flat out nonexistent are: 1892-S, 1893-S, 1895-O, 1895-S, 1898-O, and 1899-S. Anything past 1900 I have been able to find, but as this thread shows, grading opinions and pricing is a maelstrom of controversy.



Quote:
We would love to see some pics of that Dansco!


If anyone has any tips on how to reduce glare from the plastic sliders while photographing I'd appreciate advice (I guess just remove them for a picture?)
Edited by JoshsCoins
03/15/2018 9:48 pm
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 03/15/2018  10:40 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply

Quote:
If anyone has any tips on how to reduce glare from the plastic sliders while photographing I'd appreciate advice (I guess just remove them for a picture?)


I would remove the plastic slides while taking pictures.
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Kopper Ken's Avatar
United States
3402 Posts
 Posted 03/16/2018  2:06 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
I'm agreeing with the others, this is not an AU coin. I would say XF but you also have the ding on the reverse shield and some reverse field scratches. Walk away.

KK
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