Pawn stars

Well, I'm watching pawn stars and some laidy comes in and says she wants to sell her 1932-S quarter. I don't remember seeing it before, but she says she got it in change, and it is partly toning in a 2x2 with MS-65 on it. It has the little part that says what she wants for it, and she says $1000 is what she wants, but she would take $750. Rick looks at it and says the mintmark looks funny. Then he says he needs an expert to look at it. The "expert" says it is definitely an authentic thing, but it is counterfeit because it is an added mintmark. Just found it interesting.

The episode also had a double barrel flint lock riffle with a spring bayonet.

 

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That was from a couple of seasons ago. Genuine coin, faked mint mark. The 32 S is highly sought after as it's the rarest of the 32 Washingtons. As a result, it's highly counterfeited by adding an S to Philadelphia struck quarter.

 

Yeah, I know, it just surprised me that I didn't remember that though

 

That episode.

Is what got me started in coin collecting when I saw it about a year ago.

 

well, then maybe this was worth posting.

 

The 32-D is the most valuable 1932 Washington quarter, not the 32-S.

 

If it's in VF or better you are correct it is more valuable but the 32-S has a lesser mintage therefore it is rarer.

 

I never said more valuable. Just rarer!

 

Yes, that's what you said, and also correct. Sometimes collectors equate the two, which, of course, is not always the case.

 

Did any of you watch the show last night?

The guy with the Republic of Texas notes?

 

Yeah! He wanted $650K for the "Government of Texas" note. It just proves that many collectors truly believe that their collections are worth far more than reality.

Chris

 

I loved his comment on the end interview where he said the expert doesn't know what he's talking about.

If he was offered $650K he should call that person back and take the offer as I doubt he would get another offer like that from anywhere.

The same thing with the guy who had the three-trigger shotgun, unbelievable.

 

I would not say that necessarily. The fact that the D is more valuable in higher grades but about the same in lower grades suggests the D is in fact more rare. They are about equal below VF but the D becomes increasingly more rare than the S as the grade improves. Since they are in the same series, the demand should be about the same for both coins. Since value is a factor of supply and demand...and the demand is the same, then one should conclude the supply for the D is less.

So, the D may have been slightly more common when they were minted in 1932...but 80 years later more examples of the S exist. Therefore, the D is more rare today.

 

Please folks:

There is NOTHING rare about either a 1932 D or a 1932 S quarter.

They are simply scarce.


Altho they may be relatively rare in MS-67.

 

Seems like there's a lot of that going around. Just look at eBay. People sometimes price things at the value they believe the coin should have, not necessarily what it's worth.

And what seems to keep this practice going is that people occasionally pay those inflated prices. There are coins on eBay that aren't worth a buck, selling for $20. I guess the idea is that they just need that one buyer, the one person who loves that piece as much as the seller, and they'll pay for it.

A pawn shop, however, is the absolute worst place to find a sentimental buyer.

 

Yeah, but the guy got on TV. I'm sure he knew he had a zero percent chance of Rick paying anywhere close to the true value of the note (much less $650,000) but he took the opportunity to show off his notes on TV. (And they probably gave him a cool 'Pawn Stars' T-shirt for his trouble.)

 

:devil: the show started out entertaining a few years ago, now its a staged tv show along with hardcore pawn and so on , rick is by no means an expert on anything just wants you to think he is a genius :yes:

 

That's the worst. So many shows now are staged. And yet they're still called "reality" shows. And they end up on channels like TruTV, which pretend to be all reality programming. It's a shame.

 

Amen , your so right :yes:

 

It is even worse when his son tries to explain some historical fact.