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 Replies: 11 / Views: 1,319 |
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Valued Member
United States
461 Posts |
Tomorrow I have the chance to buy 15 Standing Liberty quarters one being a 1927s in what the guy claims to be V6 or XF. The remainder are 1920-1930. He is asking $120 for all of them. I have no experience with these coins any information that I can get to help me determine what to look for with grade I would appreciate! |
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Pillar of the Community
United States
1534 Posts |
Well, the 1927-S adds probably about $30 in value, depending on condition, but it depends on the other ones. If they are all 1925-1930 and not in very good condition, I wouldn't recommend buying them. If there are a lot of pre-25, I would probably buy them but you should maybe print the SLQ price guide from Numismedia and use it as a reference.
Edited by wheatguy
12/23/2009 5:03 pm
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Pillar of the Community
United States
2661 Posts |
Quote:
print the SLQ price guide from Numismedia and use it as a reference.
 . I personally use this more than the red or blue books because it is updated very frequently. |
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Pillar of the Community
United States
8904 Posts |
I agree the Numismedia source is the most up to date. However, this is from the new 2010 RedBook (I just got 2 weeks ago) and is probably pretty close to current. I hope this helps. (The 1927S looks pretty expensive in XF...) I would take this and a printout of the grading standards for this coin type and document EACH coin and see if you want to spend the money. (It could be a good deal. SL Quarters are not generally found cheaply, particularly in VF+ condition). Good luck! Let us know what happens! <<<Picture from RedBook removed temporarily. just need to check copyright implications. tights24>>> |
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Pillar of the Community
United States
968 Posts |
If you are decent at grading the coins then you should be able to tell if what he says about the 1927-s is true. If it really is VF-XF then I'd buy that set for $120 in a second. Even if it is only in F condition it would still be a good deal. Make note of the prices Moe posted, as you can see that there is a HUGE difference between a VF coin and a XF one in terms of value.
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Pillar of the Community
United States
1534 Posts |
Yeah definitely. The RedBook, in my opinion is very overpriced sometimes, but for most series it's pretty reliable. I think the SLQ's are reasonably valued, except for a couple of coins, such as the 1927-D and S. I usually see them going for about $8 in G for the 27-D and around $25-$30 for the 1927-S. Overall, it's a good tool. |
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Valued Member
 United States
461 Posts |
Thanks everyone, you guys are awesome! I'm glad I became a supporter! Can a few of you scholars of life give me a few grading points to look for on the 27S that would make the set worth the $120 value to me? For instance do I need to see the hole in her ear and a full head?
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Pillar of the Community
United States
581 Posts |
If you're not familiar with the series, you're kind of skating on thin ice because for you to get your money's worth (or more), you had better hope all the common dates are at least VF. So you'll need to know EXACTLY what makes it VF and not F. I doubt the 27-S is above VG. Of course, you should be able to determine if they've been harshly cleaned, polished, whizzed, etc. It's possible the guy you're buying them from might not know much, but that would be unusual. I could see a guy with some Morgans he inherited, but SLQ's are a pretty unusual group to own and not have any knowledge of. |
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Valued Member
United States
461 Posts |
I certainly am no expert on the standing liberty's? However, I have had some exposure to them and any time I get a chance to read about them I do. The guy I am purchasing them off of I have purchased a good quality silver coins from in the past. He had inherited a super large collection that his grandfather had and he simply liquefies parts at a time when he needs some cash. He is no stranger to me that is for sure. I will post some photos of my purchases when I return from the meeting. |
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Pillar of the Community
United States
4085 Posts |
I'd pick up a grading book and a loupe if you don't already own one. According to my copy of ANA Grading Standards by Ken Bressett (excellent book IMO), wear points between VF and XF are the gown line crossing the thigh and shield details on the obverse, and feather details on the reverse. According to Bressett, an XF should show a pretty clear gown line, full circle and rivets on the shield and full feather detail. If in doubt, price it as a VF. Ken Edited by KenKat
12/24/2009 2:29 pm
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Pillar of the Community
United States
1534 Posts |
Well, I've looked at a very large amount of Standing Liberty quarters trying to find the right one or the date I need for my set, and it is difficult to grade them. Looking at a lot of them definitely helps. As KenKat said the shield and the feathers on the reverse is important in grading and just the overall look and eye appeal of the coin. Just by looking at the quarters should give you a ballpark grade, even though you say you are unfamiliar with this series. The CCF guide here is also very useful: http://www.coincommunity.com/us_qua..._liberty.aspEdited by wheatguy
12/24/2009 11:46 am
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Rest in Peace
United States
4849 Posts |
Another thing that would help is to sign up for a free account with Heritage auctions, and take a look in their archives at all of the sold certified 27-s quarters. It is an amazing resource with tons of huge photos, and will give you an idea of what a 27-s looks like in G, VG, F, VF, XF etc.
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Replies: 11 / Views: 1,319 |
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Posted 12/23/2009 4:50 pm
