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Worth Hunting MS State Quarters For High Grade Examples?

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SamCoin's Avatar
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 Posted 08/28/2020  5:10 pm Show Profile   Bookmark this topic Add SamCoin to your friends list Get a Link to this Message Number of Subscribers
I recently found a huge collection dump of silver and clad proofs mixed with business strike State Quarters. I'm through separating out the proofs and was about to start hunting the rest for errors and varieties, but I wanted to ask first if it's worth looking for very high-grade examples to submit to a TPG, or if the return on potential investment just isn't worth it.

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atticguy's Avatar
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 Posted 08/28/2020  5:40 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
I'm not sure if this will give you any indication about spending money to get your state/ATB quarters sent to a TBG, but I've been selling my AU quarters (in 2x2's) for $0.75 each and 3/$2 with ok (but not great) response. I'm sure (and hoping) others will reply with their own experiences.
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 Posted 08/28/2020  7:04 pm  Show Profile   Bookmark this reply Add chipjones to your friends list Get a Link to this Reply
I know a dealer that has Bu rolls of P/D. Of each state.And she is ready to take them to the bank.
She told me they take up to much room for very little profit.
Edited by chipjones
08/28/2020 9:09 pm
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 Posted 08/30/2020  09:47 am  Show Profile   Bookmark this reply Add coin searching to your friends list Get a Link to this Reply
Probably have to hold the State Quarters for quit a while more before they become more valuable because they minted so many of them.
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KenKat's Avatar
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 Posted 08/30/2020  12:51 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I think if you are willing to put in the work involved in this, then yes, there is probably some clause there.
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Ballyhoo's Avatar
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 Posted 08/30/2020  1:52 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
I looked up 2 proof versions to give you some idea. A common 2001s NGC PF70UDC has a buy it now dealer price (not ebay) of $8.99. Another, 2007s PCGS PF70DCAM listed at $50.00.

Hope that helps.
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Big-Kingdom's Avatar
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 Posted 08/31/2020  12:18 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
if you can find business strikes in MS68 or higher, it would be worth it, but you really have to know the difference and be sure it breaks the MS67 threshold or it's just not worth the costs or effort the TPGs have hundreds to near 1000 graded as MS67, so you really need MS68 or MS69. ig you are gambling on grade and unsure, it's likely a waste of money.

As far as proofs, they should be PR69 or PR70. there's not much "winning" to be had with proofs that entered circulation as far as grade, every tiny nick is a detraction and PR69 or higher is "normal or common" for Proofs. less than PR69 it's impaired, proofs should be perfect really.

My opinion, if it were me, I'd keep the clad proofs for an impaired proof album, the silver proofs would go to my stack and wait for a nice silver peak to sell, and then whatever is left for the business strikes, I'd sort by reverse and check them for any known error or variety as well as like Cuds and just dump the rest and call it a day, unless they are nice for your own album.

I wouldn't bother for a MS68 or better, it's a needle in a haystack and the nice graded ones came from mint sets and handled properly.
If you were going to do it, then I'd say do it with the 2005-2009 business strikes, the ones in the mint set were satin finish, and are labeled "SP" with PCGS instead of MS, the high grade numbers are lower in the population, and still you'd want to do better than MS67 really.

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jbuck's Avatar
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 Posted 08/31/2020  3:30 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I recently found a huge collection dump of silver and clad proofs mixed with business strike State Quarters.
For reference...

http://goccf.com/t/381067
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