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 Replies: 22 / Views: 4,132 |
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Valued Member
United States
476 Posts |
I ventured out into a new world this weekend. I took home $168 of "junk" quarters from my hometown B&M. I had no silver quarters at the start of the weekend and could have filled out all but 16 of my Washington quarters if I was willing to buy them all, but some were pretty much "junk" as indicated, so I tried to be pretty selective. What I think may be the best pull of the weekend was this Standing Liberty quarter, I think you'll agree that there is a 4 remaining in teh date, which would make it a 1924. Other than the date I think it would make F12, does the wear on the date disqualify it from getting that grade?      |
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Pillar of the Community
United States
3076 Posts |
it can only be 1924.. cant give you a grade though....
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Rest in Peace
United States
4849 Posts |
Definitely a 1924, and I agree with your grade. Nice work!
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Pillar of the Community
United States
3294 Posts |
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Pillar of the Community
United States
1534 Posts |
F-12 details, but the weak date brings it down to a VG-8 IMO.
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Pillar of the Community
United States
1882 Posts |
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but the weak date brings it down to a VG-8 Nooooooo!  I thought everything was gonna be all right when Johnny didn't play that card. |
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Pillar of the Community
United States
1304 Posts |
Yes a 1924 But I have to disagree on the grade VG
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Rest in Peace
United States
4849 Posts |
Quote:
I thought everything was gonna be all right when Johnny didn't play that card.  I kind of got the impression that there is more "date" than what appears. I've seen other slqs with that kind of "look" that have a strong last digit, and the rest of the date still exist kind of as blobbular lumps. They are very tough to capture in a photograph, but I am fairly certain I see remains of the "1" and the "2" in the date. Edited by johnny54321
08/10/2010 11:43 am
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Valued Member
 United States
476 Posts |
I thought you guys were supposed the be the experts? That's why I asked after all.  There is very little remaining to the unassisted eye of the other digits, but I put this little picture together to compare with a full-date 1924 and I agree you can make out some remnants of the other digits.  Quote:
F-12 details, but the weak date brings it down to a VG-8 IMO. Regardless, thanks for the opinions. This is probably a fair evaluation, I definitely think there are solid F12 details, but didn't know how the date issues would affect the overall grade. |
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Pillar of the Community
United States
1882 Posts |
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but didn't know how the date issues would affect the overall grade. That matter is up for debate. I think your coin does NOT get it's grade lowered to VG. |
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Valued Member
United States
476 Posts |
So what you're saying is the real question up for debate is " WHO is the expert?"  |
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Pillar of the Community
United States
3294 Posts |
Well, you could send it to PCGS and they will give you their opinion, which many would accept, but for this coin, that would not really be all that cost effective.
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Rest in Peace
United States
4849 Posts |
Well, it all boils down to an opinion, and even the TPGs are very inconsistent as to how much a weak date should subtract from the grade. In general, I lean more towards Steve's opinion that it should not affect the grade techically. This is because a weak dated coin with F-12 details has the same amount of overall wear as one with a strong date. Just as a weakly struck coin with full luster will still receive an MS grade, even if the details are really only equivalent to an XF coin because of the strike.
However, what really matters is how much the coin will bring when sold. A weak dated coin that is techically F-12 will rarely ever bring F-12 money of an equivalent strong dated coin. So though it really shouldn't affect the techical grade, it often has a large effect on the "market" grade.....and TPGs can be inconsistent as to whether they put the techical grade or the market grade on the slab.
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Valued Member
United States
462 Posts |
I'm still fairly new to all of this and have never visited one of the local coin shops. How is junk silver priced, by the ounce? Do the dealers charge the current price of silver or do they have their own prices made up since the coins are only 90% silver? How many quarters were you able to get for the $168?
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Pillar of the Community
United States
1882 Posts |
Johnny summed that up nicely. I won't claim to be an expert, but have observed that the "experts" don't all agree on that topic.
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Valued Member
United States
476 Posts |
I was mainly ribbing the "experts" here...certainly all that responded are well-respected posters at CCF, and I appreciate the input of each. Although this is a new arena of collecting for me, I do appreciate that I'm maybe looking at a $15 coin here. Just trying to learn what I can, and enjoying myself along the way. The $168 was face value of the quarters, ie. 672 of them. My dealer was getting 13x face for them, or $3.25 each as bullion. I think that's a reasonable price from what I've learned here, and is driven off the current market price for silver. In total it was over $2,000 of silver. I believe the "junk" silver is generally sold in a multiple of face value and some lots may be mixed denominations of dimes, quarters, halves, and dollars or separated by denomination. I settled up with him yesterday returning the unwanted ones, and traded 4 rolls of 40% halves at $45 each for the quarters I wanted to keep. So in reality I kept 53 90% silver quarters for a $40 investment as the halves were found in rolls/hunts. |
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Replies: 22 / Views: 4,132 |
Posted 08/09/2010 02:41 am
