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 Replies: 21 / Views: 12,834 |
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New Member
United States
8 Posts |
Right now, I have close to 1,000 State Quarters (many of them uncirculated) that I'm led to believe would be costly to be graded before I should sell them. I have several rolls of uncirculated coins and the website "crazycoinguy.com" pointed me to a place to find that some of the rolls are worth as much as $375.00 a coin in uncirculated gem condition. To find if mine are in "gem" condition, wouldn't I have to break an uncirculated roll to have them graded? If I did that, would it lessen the value of a complete roll of uncirculated coins? Would I have to submit the entire roll for grading? Do you prefer to personally grade your coins before you submit them to a professional grading company? Where did you learn to grade coins yourself? Can I buy a book and learn it myself?  Thanks, Jan |
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New Member
 United States
8 Posts |
Maybe I should clarify myself better in my question. If I took a coin out of an uncirculated roll, only that coin would be graded, of course. It could be restored to the roll when it was returned to me, but would the roll have been compromised then by being opened to take one coin out? Thanks again.
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Bedrock of the Community
United States
11951 Posts |
Wow .. where to start. I guess first would be .. welcome to the forum. Second ... State Quarters are a love/hate series coin. You will find collectors that hate them and some that love them. I would fall into the love them side. I have seven sets in dansco's. Not sure how many in the rolls .. and 2x2's. And this week I just bought a dealers stock of 2000 more quarters. You asked about sending a unopened roll for grading. Not sure if you can even do that. And if you could, I think you would have to pay to have all 40 coins graded. I would not want to do that, because most rolls you find will not have all high grade coins. I think it would be lucky get just one or two gem BU coins in a roll. You asked .. could a roll be restored after you open it. I would say no. This hobby seems to break down roll types as Mint wrapped rolls ... rolls from the mint, sold on their web site to collectors Fed rolls Bank wrapped rolls customer wrapped rolls In my experience the best quality State Quarter coins come from the mint rolls. How do you learn to grade. Takes a lot of time .. looking at a lot of coins. yes there are books .. and online sites. You also might have local coin clubs or local dealers that may help you learn. I think you might look at the PCGS online photo grade site, also a book called photograde. It has pictures of each coin/grade, with written information on what details to look for. I have purchased some State Quarters that have been slabbed ... MS 65 ..MS 66 and MS 67 I use these to compare coins with. |
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New Member
United States
8 Posts |
Thanks for the welcome, Gold Rush. And thanks for the information. Some of it I welcome, some of it I don't think I wanted to hear. I don't think I can tell if some of mine are Fed wrapped or bank wrapped. How do you know if a bank wrapped them? Why would a bank wrap 40 quarters of one particular state? I think mine are probably Fed wrapped. When I went to the bank to buy them, I asked for the State Quarter they just received. They sold me the State just issued. Was that Fed wrapped? I wrapped the others myself, but I have many in individual plastic cases (little cupped cases that snap together) that were from Fed wrapped rolls, (I hope). When I put them in their cases, I did so with white cotton gloves on. I believe this is becoming a hate relationship for me, though. I do have 9 complete books I was saving for my grandchildren. 8 are mixed mints and one is Denver exclusively. These I won't touch. But I'm not sure what I will do with what I have now. It looks like it is going to be expensive.  But, you have to spend money to make money. Right? I will, however, get the book you suggest and I'll spend some time on the website you mentioned. Thank you again for your help. |
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Bedrock of the Community
United States
11951 Posts |
I would think the rolls you are talking about are Fed wrapped rolls. Some refer to them are N.F. strings (orange and white wrappers) The roll searchers are much better at explaining this than I am. But I have went through a lot of rolls of State Quarters. The mint wrapped rolls, will say U.S. mint one them also have the postal code for the state and mint mark (written on the wrapper) something like this AK u.s. mint D For Alaska denver mint The big problem for State Quarters is that most people that want them .. have them. And, there are a lot of them. Circulated one and low grade ones do not really have any value over face. There are a few rolls that show a premium, with out looking them up I think the good rolls are GA, IL, TN and CT. For these rolls I put them aside, I do not open them. The other rolls I open, look for errors and the ones that seem to be high grade. And then I dump the rest at the bank. My seven Dansco albums have the highest grade coins I could find from rolls. A problem with grading State Quarters, is that they have a different design on each state. The grading books I have seen/used, only have the regular Washington quarterwhen they reference grading. So if your wanting to learn grading ..only for State Quarters they may not be much help. |
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Rest in Peace
United States
9104 Posts |
you can bet if there's a $350 common date quarter (which describes all State Quarters), it's slobbed and in such high grade that there are fewer than ten in existence. IOW, that particular issue is all crappy strikes, including yours. There is a special rate for garbage modern issues in quantity, around $3 a coin, IIRC. |
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Bedrock of the Community
United States
11951 Posts |
Just to be .. fair... here is a link to a price guide http://www.numismedia.com/fmv/price...ices61.shtmlcheck it out you can see that some State Quarters in higher grades MS 67 and MS 68 have good value. Many in MS 66 are in the $20+ To name a few. MS68 Illinois $375.00 MS68 Ohio D $325.00 MS67 Pennsylvania $125.00 MS67 Georgia $125.00 MS67 Georgia D $125.00 Finding a MS 67 example is very possible, if your searching uncirculated rolls. And you can see slabbed high grade quarters for sale on ebay .. so others are finding them. To me it seems funny, others will ignore such a good oppertunity to find high dollar coins. Here is a pic of couple of my P and D Georgia  Here is pic that shows 2000 State Quarters, I picked up this past week. They are all from a dealer that is thinning out his stock. They all came from mint rolls he broke open.  Edited by GR58
02/19/2011 6:46 pm
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New Member
United States
8 Posts |
I have a roll of IL uncirculated quarters, but not the others you mentioned. We also have two rolls of Liberty nickels my husband purchased about 50 years ago. We have other coins, but I'm not sure what they are, so learning how to grade coins will be an asset to me. I have already bought the book Photograde. Amazon had it at quite a bargain in hardcover. It looks like I'll be on an adventure now. |
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Bedrock of the Community
United States
11951 Posts |
I don't think I would break a roll of Illinois, the story is that a lot of them
were used to celebrate Obama. Painted or stickers put on them, making rolls
hard to find now. I don't have the grey sheet right now, but they do list
at a higher price.
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Valued Member
United States
277 Posts |
Welcome to the forum. Learning to grade coins is hard, its an art form. The key is patience.
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New Member
United States
8 Posts |
Gold Rush, thank you for the advice. I'll let my kids worry about Illinois some day. What would you say about Arkansas, NC, and Lousiana? And, what do I do with uncirculated rolls with 39 coins or less in them? As for what I called Liberty nickels, I should have called them something else. They are 5 cent pieces, however. I'm so new to this, I really don't know what to call what, yet. But, I'll study really hard. I can see that there are such similarities that it will be extremely difficult and I certainly don't ever expect to be expert enough to tell the difference in some of them. Thanks for the welcome, Wolverine. I'll try not to give up too soon. |
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Bedrock of the Community
United States
12437 Posts |
Quote:As for what I called Liberty nickels, I should have called them something else. If you are referring to the nickels minted 1883-1912 with the Roman numeral five on the reverse, they are commonly called Liberty or V nickels. |
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Pillar of the Community
United States
763 Posts |
Welcome to the forum, funnierthanme! Learning to grade Modern uncirculated coins is very difficult. Books will help, but you should really try to look at a lot of PCGS graded State Quarters graded MS66, MS67 & MS68. It is really hard to find coins in those grades in uncirculated rolls. |
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Valued Member
United States
108 Posts |
Quote:
also a book called
photograde. It has pictures of each coin/grade, with written information on
what details to look for. If you are referring to Ruddy's Photograde book, it does not go into uncirculated conditions. So, it would not do much good in helping one learn the intricacies of grading mint state coins. |
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New Member
United States
8 Posts |
biokemist6, I stand corrected. After a discussion with my husband, I know that he is correct calling them Liberty nickels after all. Thank you. |
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New Member
United States
8 Posts |
Hi, GoldRush58, I'm getting the feeling that I'm in over my head already. I don't drive and everything I do will have to be done on my computer or with a book. The book I bought IS Ruddy's Photograde. It may help with the few old coins we have and with a few of the circulated State Quarters. Even some of them are accumulating value already. Just what grade of coins could I expect to find in an uncirculated roll? I really thought I had some nice coins here. The longer I stay, the more depressed I get. I printed the numismedia.com/fmv/price page just for fun, but I'm under the impression it was almost stupid for me to try to save the coins at all. It wasn't an investment, for sure, but I thought I would check to see what the coins might be worth by now. It looks like the only way to get a really good coin is to buy them straight from the mint. Is that pretty much right? My kids may be the ones to be excited about this adventure. |
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Replies: 21 / Views: 12,834 |
Posted 02/18/2011 10:22 pm
