Dateless 1916 SLQ For Review

Geeppers ... Johnny1916SLQ strikes again it appears.

I am no expert ... and what I have learned has been from following your exploits from the other 3 .... coin is well worn but to my novice eye has the diagnostics of a 1916 SLQ.

Congratulations on another great score.

What do you plan to do with this one?

David

True, and 99% would call me crazy for spending that much on a coin, regardless of wear.


Well, first send it to ANACS...and then try to find it a good home with someone who appreciates it.

How do you determine the difference from a 1917 variety 1?

There are allot of topics on how to distinguish the differences between the two on this forum, if you will search for them I am sure you will find all the information you need to know. I hate telling someone to search for something but I know this information is here and I am getting ready to walk out the door so I don't have time to search and post links myself

Now about the coin: I really doubt it will get in a problem free holder with that rim bump it has but it may. I have a PO-01 Morgan that wouldn't for a smaller bump than this at PCGS

Weird...... paying $500 for a coin with no date?!?

Would you rather pay $7500+ for one with a full four digit date? The people that buy certified undated 1916s are the ones that cannot afford to lay out thousands of dollars for a better example. Personally, I consider it pretty smart to spend $500 on a coin that could sell for $750-1000

Oh yeah,

The 1916 slq is a whole different animal, because it is one of a very limited number of coins that can be soley identified by the diagnostics, and not by the date. The chain cent is another example, as even examples with nothing but a chain can be identified, and sell for 1K-2K as a result because of their popularity and rarity(like the 16 slq). The main reason people buy these, imho, is to effectively complete their sets of slqs without needing to take a second out on their home. Even G-4 examples with barely a shadow of a date sell for around 3K, and a truly full dated example runs around 7K+. I don't really think they are purchased by investors or slab collectors, or really even lowball collectors(most lowballs are much more affordable).

So true! I kind of dug my own grave a bit with that... The funny thing is, the first couple of times I found one, I thought I just got lucky and would never see another one. Then when I spot one, I get a little ticked at myself knowing that I may have created more competition...but I can't complain at the end of the day. It's too late to undo it now, and I'd gladly step aside since it is always risky buying that way.

I still believe they are very rare, as there are still very few of these certified in plastic. I've only seen 3 PR/FR certified examples on Heritage in their 20 years of archives.