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Affordable Hole Filler - 1916 SLQ

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afcop13's Avatar
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 Posted 05/27/2010  07:28 am  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
I agree - that reverse isn't that bad. AG03 is certainly a possibility.
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johnny54321's Avatar
United States
4849 Posts
 Posted 05/27/2010  8:23 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Just sent my dateless 1916 to ANACS today, 5 day tier. This is my first submission, so I'm a tad nervous about whether I filled everything out right. I'm expecting a FR02, and it may or may not get a details grade. Wish me luck!
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afcop13's Avatar
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 Posted 05/28/2010  06:13 am  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
luck!
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wheatguy's Avatar
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1534 Posts
 Posted 05/28/2010  11:27 am  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply

Quote:
This is my first submission, so I'm a tad nervous about whether I filled everything out right


That's always been one of my main concerns when I think about sending a coin in to be slabbed. Good luck!
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johnny54321's Avatar
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4849 Posts
 Posted 05/28/2010  6:27 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply

Quote:
That's always been one of my main concerns when I think about sending a coin in to be slabbed. Good luck!


Yeah, I've thought about sending in something less expensive for a trial run; but there really isn't anything else that I own that I want to keep in plastic, since most of my collection is raw.
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steve199's Avatar
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1882 Posts
 Posted 05/29/2010  12:32 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
The 1916 went for the minimum bid of $860. Did one of ya'll win it?
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afcop13's Avatar
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 Posted 05/29/2010  12:48 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
nope, not me. If I had the extra scratch, I may have considered it.....
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johnny54321's Avatar
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4849 Posts
 Posted 05/31/2010  1:54 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
There really aren't very many certified PR or FR graded 1916 slqs out there. Most of them are higher grade. I wonder if either most 1916 slqs were preserved, or whether there are still a lot of undiscovered dateless ones out there?
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afcop13's Avatar
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 Posted 05/31/2010  5:46 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
I think a combination. I wouldn't be shocked if there are plenty sitting in "junk silver" hoards, people who simply assume they are worn out T-1's. Also - from what I've read, alot of people intially kept them as they were new, so they may be sitting in attics or trunks handed down from generation to generation.

For me - I'll keep looking hard for a couple of years before giving in to the urge to purchase outright.
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johnny54321's Avatar
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 Posted 06/03/2010  1:20 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply

Quote:
That's always been one of my main concerns when I think about sending a coin in to be slabbed. Good luck


Well, the order has been received and now is being graded according to the ANACS website. Expected shipping date is June 9th. Don't they usually email you the grade before it gets shipped?
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wheatguy's Avatar
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1534 Posts
 Posted 06/03/2010  1:49 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
Yeah I think they do, although that may only be from PCGS and NGC.

What service did you use when you shipped it? Do they require Registered mail?
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johnny54321's Avatar
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4849 Posts
 Posted 06/03/2010  1:58 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
nah, I used priority insured. they recommend registered on everything, but my submission wasn't valuable enough to be worth the hassle imo. I'm somewhat expecting a details grade, but it could go either way.
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johnny54321's Avatar
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 Posted 06/04/2010  4:09 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
According to the population reports, ANACS has certified 71 1916 slqs in grades PR-AG; so I guess the dateless ones aren't as rare as I thought.
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nod2003's Avatar
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3294 Posts
 Posted 06/04/2010  4:31 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
I was under the impression that a lot of them were hoarded, so on average, the 1916 is in better condition then the 1917 coins. That might explain the paucity of low grade 16s.
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johnny54321's Avatar
United States
4849 Posts
 Posted 06/04/2010  5:01 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply

Quote:
I was under the impression that a lot of them were hoarded, so on average, the 1916 is in better condition then the 1917 coins. That might explain the paucity of low grade 16s.


I've heard both sides. This is according to Ron Guth on PCGS coinfacts:

"The 1916 Standing Liberty quarter Dollar has one of the lowest mintages of any coin struck for circulation in the Twentieth Century. Technically, this type should not have appeared until 1917, because design changes were impermissible under the law until twenty-five years had elapsed. 1916 was the 25th year of the Barber quarter, which was given a full mintage of 1,788,000 coins. Despite the legal limitations, the Mint began producing coins with Hermon MacNeil's new design in December of 1916. Production was limited to 52,000 coins, mostly because of time. No notice was given to the public that the Quarter Dollar had been re-designed, so virtually all examples entered circulation, thus accounting for the scarcity of high grade examples today."

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