| Author |
 Replies: 21 / Views: 1,955 |
|
Valued Member
United States
191 Posts |
Hello there... Like the title says I am new to collecting. I have read lots of info on how to get your feet wet in this hobby and what to be careful of. I realize there is sooo much to know about coins and well....thats why I am here I guess. After some thought on where do I begin...(so many coins), I think I want to start with buying some Standing Liberty quarters. I am interested in buying quality coins, although I do not have an unlimited budget. Wondering if anyone could steer me in the right direction. What could someone expect to pay for gem or near gem quality SLQ's? I realize this is painting with a wide stroke but I need to start somewhere. I know I have a lot to learn, but like I said I have began researching the "do and do not's" of this hobby and am actually very excited! Thanks in advance for any input. Tbar |
|
|
|
Pillar of the Community
United States
772 Posts |
First off, welcome
Very nice coin to start with. UNC SLQ's are some very great looking coins.
Well there are pretty much 3 different styles of the SLQ.
1916(very rare)-1917 are the type one with a bare breast and no stars under the eagle on the reverse.
The 1916 is about $14,000 minumum in the lowest UNC (Uncirculated) / MS (Mint State) grade, which is MS60.
The 1917 P D and S are $150-$200.
The next type, type 2, has the covered breast and stars below the eagle. These are from 1917-1924. The lowest UNC grade ranges from $125-$1500. $14,000 if you want to include the 1918/7 overdate error.
And the 1925-1930 are the same type 2, but have a recessed date (a big problem with the previous SLQ's is the date would wear off very quick. There are a lot more 1925-1930's out there, because the date lasted a lot longer. These range from $75-$3500 in UNC.
So once again, welcome and I wish you good luck on your collecting adventure. I do warn you though, this hobby can snowball very, very quickly.
Jordan
|
|
Moderator
 United States
23522 Posts |
Welcome. Go to:
www.heritagecoins.com
Register. It's free, no obligation. That will give you access to their archive of almost a million past auction results, covering just about any coin you can imagine and large numbers of the common ones. That will give you a good idea of what your desired coin sells for in the real world. Just remember that Heritage gets a cut of that final price, so the actual selling price is a little less.
|
|
Valued Member
United States
402 Posts |
I would recommend buying and reading this book first - Standing Liberty quarters, by J.H. Cline The 1917p type-1 is one of my favorite coins.  Edited by 50cents
10/23/2006 4:12 pm
|
|
Valued Member
 United States
191 Posts |
Thanks alot for the quick replies and useful information.
I can see how this hobby can snowball quickly...especially for a guy like myself whose current collection consists of a set of silver eagles and thats it! I can see myself wanting to just rush out and buy coins, but I figure I would be better off taking it slow and buying quality coins little by little.
|
|
Valued Member
United States
191 Posts |
Thats a beatiful coin 50....
I will buy the book you recommended.
Thanks
|
|
Rest in Peace
United States
3730 Posts |
Tbar, Welcome to the forum. You already have received some good advice. When I got into Standing Liberty quarters, I dealt with my area coin store dealer, and he sold me some quality coins at fair prices. That information, of course, doesn't help you. Anyway, welcome, and I'm sure you will enjoy being a member. |
|
Rest in Peace
United States
3730 Posts |
50cents, I assume that blue tint is natural toning. Wow, what a beautiful coin!
|
|
Valued Member
United States
402 Posts |
Yes, it's very natural. Thanks  |
|
Pillar of the Community
United States
772 Posts |
Just like a lot of things, education is the key. For every coin series, there is a book that will have a lot of useful info. And also for every coin series, there are fakes (either completely counterfeit, or altered coins to make them seem like a more rare counterpart (such as adding or removing mintmarks, or other parts of a coin). THe main two in the SLQ series are 1916 and 1918/7.
If you ever pull the trigger to buy one of these, I would say to buy it authenticated/slabbed/graded or study up on them so you know what to look for.
You definately picked a great coin to start with. You should have a great time.
I noticed you are from the uhh... state up north. Do you follow any college teams in the Ann Arbor area?
|
|
Pillar of the Community
United States
772 Posts |
And just to let you know, there is a big coin show up in that state here shortly: Here is the link to it: http://www.coinshows.com/dearborn_msns.htmlI have not been to it, but the people I deal with down in OH IO normally head up there because it is normally a very good show. |
|
Valued Member
United States
191 Posts |
Oh yes.....Wolverine fan through and through!
thankls for the link!
|
|
Pillar of the Community
United States
772 Posts |
Nov 18 is probably going to be bigger than the Superbowl. One of the biggest College rivals for the Big 10 Title, and to play for the National Championship (unless a big upset happens)
I'm excited already! I will be down there tailgating, but won't be able to get into the game. I can't wait!!
|
|
Valued Member
United States
191 Posts |
That Heritage site is very nice.
Do any of you buys coins from there?
My local dealer is a clown, so I will be looking at buying coins(slabbed) online, and wondering what the most reliable way is. There is a reputable dealer near me ...but they are about an hour away.
|
|
Valued Member
United States
199 Posts |
Tbar, Welcome to coin collecting. SLQ's are great coins and not a bad place to start. It is a tricky series and so many ways to collect, type, date and mintmark, etc.
I think most the previous advice is very good. One thing I would strongly suggest is to buy slabbed coins to begin with, so you can learn to grade and see original coins or problem coins that ANACS will grade and identify. Don't buy odd or off brand slabs and that will only confuse you and chances are you will get burned. The main and top trusted slabbing services are: PCGS, NGC, ICG, ANACS. Good luck, Michael
|
|
Valued Member
United States
191 Posts |
Thanks Mrcoin.....I had planned on buying slabbed coins to begin with...until I get a feel for how to grade coins. Also I have read about the reputable slabbing services. Thanks for pointing out a couple I didn't know of.
I have no idea how someone can become as knowledgable in grading coins as to pick out cleaned or artificial toned coins. Especially without holding the coin in hand. I am hoping to get to that point someday so as not to pay the 30-50$ markup for slabbing, or whatever it costs.
|
| |
Replies: 21 / Views: 1,955 |
Posted 10/23/2006 4:02 pm
