It's the obverse that's really holding it back, right? Also, I was told that Capped Bust Quarters prices tend to be disproportionately higher when compared to Greysheet pricing. Something to do with these coins being the "workhorse of the economy" and few surviving in higher grades. Any truth to that?
The eBay auction had it listed as (raw) VF. I guess the seller is being a bit optimistic on his grading. http://www.ebay.com/itm/321223501166
For the small capped bust quarters, Greysheet is pretty solid for both type and date. I don't follow the large capped busts as closely, but some of the prices do seem off for that set. For example the 1815 lists at $110 for a VG but I would put it at about twice that, maybe 3 times for a nice VG10. Greysheet lumps it together as VG which just isn't enough detail. You don't really pay a premium for small capped busts until you hit XF, but for the large capped busts there aren't a lot of problem free high grade examples and the prices tend to go up sharply at a much lower grade depending on the date.
I can pick them up in that range at any coin show I go to and also from some local dealers (cash transactions). The prices on ebay for lower grade small capped busts are almost always too high though. Conversely I find I can get as good or better deals online for higher grade examples than I can at shows, simply because the higher grade coins are scarce. Maybe I see one dealer with a nice choice XF or AU every 3 shows I go to, but there's always a small supply online at any given time.
I have a hard time seeing it as better than F-12 (ANA) but pride of ownership gets it to F15 and greed of sellership gets it to VF-20!
