Value of 1983 P Quarter???

Discussion in 'US Coins Forum' started by jrh1234, Feb 27, 2013.

  1. jrh1234

    jrh1234 New Member

    I found a 1983 P Quarter and in my redbook it say's $21 buck's why is it worth so much? Thank's.
     
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  3. coinguy-matthew

    coinguy-matthew Ike Crazy

    I don't rely on the accuracy of the red book when it comes to pricing and this coin is a good reason why, yes in high grades the 1983 P is worth a considerable premium but in grades lower than MS65 no premium. The reason being that they did not come in mint sets and the overall quality at the mint for these particular coins was poor.


     
  4. cladking

    cladking Coin Collector

    Actually I think this coin is grossly undervalued in MS-64. A truly nice well made
    coinwith a few marks that keep it out of MS-65 should easily fetch $50 or more.

    Indeed, the Red Book understates the value even in MS-60 since, I believe, a BU
    roll wholesales higher than $21. The Red Book understates the value of many mo-
    derns. Price guides have been undestating the values of moderns for decades now.
     
  5. xGAJx

    xGAJx Happy

    Im starting to be extremley annoyed by all the obvious questions jrh is asking.
     
  6. The Beatles

    The Beatles Member

    Then simply ignore them, if they bother you. He's new to CoinTalk, and since he seems to be asking questions to further his experience with coins, we should feel content to answer them. Jrh, I'm sorry, but I cannot help with your question. I have heard that 83's can tend to be worth more, if they are in a very nice condition.
     
    rascal likes this.
  7. rickmp

    rickmp Frequently flatulent.

    I'm extremely annoyed by an 11 year old that puts himself out there as the ultimate coin expert.
     
    rascal likes this.
  8. 19Lyds

    19Lyds Member of the United States of Confusion

    Well, I'm just annoyed!


    Annoyance comes with age...............lots and lots of age!

    P.S. Listen to CladKing. He knows his stuff.
     
    SmokinJoe and rascal like this.
  9. coinguy-matthew

    coinguy-matthew Ike Crazy

    I was just speaking in general terms and since the op referred to finding his coin, i had figured it was not MS. I quickly did a search through completed sales on eBay and it seems an average MS64 will bring around $25 to $30, i would think for an exceptional 64 $50 is not out of reach but even at $50 slabbing a 64 seems futile. I agree though modern fully struck nice coins are far under valued and enjoyed your article on them.
     
  10. lincolncent

    lincolncent Future Storm Chaser Guy

    Nice '83-P's are certainly hard to come by. Here's the nicest one I have, and unfortunately it has a couple scratches and somebody dropped it in the dirt. Keep meaning to get some distilled water for it but nothing yet. Reverse has gorgeous light blue toning.
    [​IMG]
    [​IMG]
     
  11. cladking

    cladking Coin Collector

    1983-P quarters tend to be pretty badly struck and this is forgiven somewhat by the grading companies. A nice well made specimen from newer well aligned dies in MS-64 would be a highly desirable coin. Frankly, with the wholesale price so high it's surprising an MS-64 would go for so little.
     
  12. cladking

    cladking Coin Collector

    It was a nice Gem when it left the mint.

    There's a little strike weakness but it's better than the vast majority.
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter


    The guy has 29 posts (as of this posting). It's not like he's spamming the site......
     
    rascal likes this.
  14. marid3

    marid3 Member

  15. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    After having been a hotshot "dealer" for three years now, how can anyone expect him to be bothered with such basic and "obvious" questions? He has already "read countless books and can easily grade most non gold coins without ease" (whatever that means) so clearly there is bigger fish to fry for someone at his level.

    JRH, ask away... some of us old fools will do our best to assist you.
     
    JoeFromMass and rascal like this.
  16. marid3

    marid3 Member

    I had the same question some time ago. A few thoughts.

    Coinguy is spot on - it's not about the popluation, as they made a lot, but about the conditional rarity. You'll see bumps in price for early 80s because of the low numbers of mint state coins.

    Second thought is that indeed Redbook isn't accurate pricing (you've likely figured that out), but is good for ballpark numbers. It's primary value is in the ease of use and for the relative prices - which is precisely what I assume triggered your question.

    Lastly, following the second thought, is that for more modern coins, like 80s, they don't show values for all grades (for good reason) but because of that, and that they only have columns for MS and Proof, you're left to wonder about the few price anomolies. In this case, just look at the mintage and if thats not the obvious reason, it's likely conditional rarity.

    Keep asking questions.
     
  17. jello

    jello Not Expert★NormL®

    I am Not a Expert!!!.
    But any.MS67 1983-P D mint
    1c thru 50c
    is very low population @Ngc + Pcgs.
    Anacs. + Icg graded really do not count.
     
  18. 2schnauzers2luv

    2schnauzers2luv Junior Member

  19. yakpoo

    yakpoo Member

  20. rickmp

    rickmp Frequently flatulent.

  21. jello

    jello Not Expert★NormL®

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