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1878 Seated Liberty Quarter PCGS: Judge Those Surfaces, Please. Keep Or Sell?

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Author Previous TopicReplies: 15 / Views: 985Next Topic  
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pristine2's Avatar
United States
1048 Posts
 Posted 09/16/2023  12:16 pm Show Profile   Bookmark this topic Add pristine2 to your friends list Get a Link to this Message Number of Subscribers
I love all the seated liberty series (except maybe the dimes), so I've picked up a quite a few over the years.

This here quarter isn't my favorite and it has been in the auction pile for a couple of years, but then I always have trouble parting with it .

Big tax bill coming up. What do you think? Keep, or sell?

1878-Seated-Liberty-Quarter-PCGS:-Judge-Those-Surfaces,-Please.-Keep-Or-Sell?
1878-Seated-Liberty-Quarter-PCGS:-Judge-Those-Surfaces,-Please.-Keep-Or-Sell?
Edited by pristine2
09/16/2023 12:17 pm
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Coinfrog's Avatar
United States
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 Posted 09/16/2023  12:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Are those hairlines (right side) on the coin or the holder?
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numismatic student's Avatar
United States
11880 Posts
 Posted 09/16/2023  1:25 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
PR63. Love this one and would keep it if it were mine.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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jacrispies's Avatar
United States
3848 Posts
 Posted 09/16/2023  1:38 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
Common coin, not very eye appealing. Sell.
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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panzaldi's Avatar
United States
18649 Posts
 Posted 09/16/2023  2:45 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
I'm not into proofs but this one has me confused. proof or business? if its a proof its impaired PF58 as the coin was circulated. if not then AU58 and all those scratches are not just die polish lines so it would detail
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United States
878 Posts
 Posted 09/16/2023  4:08 pm  Show Profile   Bookmark this reply Add adam126402 to your friends list Get a Link to this Reply
Sell. Pay the bills and continue to hunt for something that you don't want in the auction pile.
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numismatic student's Avatar
United States
11880 Posts
 Posted 09/16/2023  4:19 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
Common coin, not very eye appealing. Sell.


This is how I feel generally about most bust half dollars. Not sure you can say that a coin with a mintage of 800 is common.

IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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Everest's Avatar
Taiwan
606 Posts
 Posted 09/16/2023  5:46 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
It is your coin and your decision. If you have to keep talking yourself into keeping the coin after having it in your auction pile for a couple of years I think that should answer your question.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 09/16/2023  6:37 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'm no expert, but this doesn't look like a proof to me. Assuming the hairlines are on the coin, I'll say MS-63.
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pristine2's Avatar
United States
1048 Posts
 Posted 09/17/2023  08:50 am  Show Profile   Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
The places to determine a proof seated liberty are the denticles, the obverse rim and the line dividing the two. Denticle have a proper square roof to them, the rim will be perfectly square and there will be well defined line between them.


1878-Seated-Liberty-Quarter-PCGS:-Judge-Those-Surfaces,-Please.-Keep-Or-Sell?
Edited by pristine2
09/17/2023 08:55 am
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pristine2's Avatar
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 Posted 09/17/2023  08:56 am  Show Profile   Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
Here's a business strike (from PCGS site):



1878-Seated-Liberty-Quarter-PCGS:-Judge-Those-Surfaces,-Please.-Keep-Or-Sell?
Edited by pristine2
09/17/2023 09:01 am
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Coinfrog's Avatar
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 Posted 09/17/2023  08:56 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'll go sit in the corner.
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jacrispies's Avatar
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 Posted 09/17/2023  11:45 am  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply

Quote:
This is how I feel generally about most bust half dollars. Not sure you can say that a coin with a mintage of 800 is common.


What do bust half dollar have to do with anything?

Once you start describing 6 figure coins for your profession, you start to recognize what true rarity is. Take a look at PCGS POP report for this issue, that speaks for itself as there are plenty of proof examples to choose from.
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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pristine2's Avatar
United States
1048 Posts
 Posted 09/17/2023  1:01 pm  Show Profile   Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
This is definitely one of those 19th century issues where proofs, depending on the date, are more easily acquired than the business strikes. 800 is not much of a mintage, but probably 80% have survived in mint state. So not "common" exactly, but easily enough acquired.

Demand means everything. PCGS has graded 266 proof 1878 SLQs in total, about 50 of which are PF62. Its suggested retail price for the coin: $850.

Meanwhile PCGS has graded nearly 10,000 1889-CC Morgans. About 30 of these were MS 62. Its price gauge for an 1889cc MS62 Morgan? $43,500.
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jacrispies's Avatar
United States
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 Posted 09/17/2023  6:36 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
@pristine2 Great analysis. It is all about survival rates. High dollar coins like flowing hair dollars, proofs, early gold, etc were all saved in high quantities. Those coins were not meant to circulate, but were made for bank storage use or for presentation. In both cases, the coins are possible to acquire in high grades in reasonable quantity. The exceptions to that are the result of mass melting. Late date $20 Saint Gaudens are good examples. Even though the 1926-D never circulated, they carry a high price tag because of the low quantity that remains.

Morgans are simply overpriced (sorry to the Morgan lovers).
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
Bedrock of the Community
Learn More...
panzaldi's Avatar
United States
18649 Posts
 Posted 09/18/2023  08:25 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply

Quote:
I'll go sit in the corner.


i'll pull up a chair also, calling it 58. I do get props for calling possible proof though
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