1986-D Quarter

Recent Numismatic News has article on 1986 D quarter. Apparently it has gone up about 40X in value. That is, a 1986 D quarter is worth now $10 or more.

My question: why is this so, because there were a vast quantity of them minted, something like 500 million? Notice that, around that year, there were actual "low mintages" of other quarters, and those low-mintage quarters of that era have little value. I almost wonder if the Fed just melted down most of the 500million mintage of 86D quarters?

 

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Perhaps I will dig a few out of my spending jar, I am sure that there are some in there...

 

Did the article happen to mention grades? I can believe maybe an MS 65 or 66 may have increased 40X. I don't think we will be selling our average '86 D for $10 any time soon.

 

The main reason is that the mint messed up their order system that year. They had installed a new system which was supposed to streamline numismatic sales but somehow they neglected to send order forms for long term mint set customers. Everyone else got them, just not mint set ncustomers. A lot of people didn't notice so failed to order the sets. Sales were down around 40%.

What a lot of people don't realize is many moderns don't exist in rolls and bags and this especially applies to the pre-'98 coins. People simply didn't bother to save clads because of the high cost and poor quality. There was a remarkable lack of interest anyway.

This means that the big source for 1986 quarters has a low mintage.

 

The coin has to be uncirculated.

If you go out looking for this coin you'll find that there are no longer any AU examples in circulation and even really nice well made XF's are getting a little tough.

The mint set coins come very nice with better than 5% being gem so this means even the gems are worth only thirty or forty dollars I believe.

 

1986 was one of the 3 or 4 time I had to remind the mint to sent my 10 mint set yearly submission.the 1980's-1999 was very low collector base. but SQ changed that for sure
Roll prices of 86P&D coin are high compared with other rolls
Quarter rolls 86-P $40.00
86-D $240.00

 

http://cgi.ebay.com/1986-D-WASHINGT...mQQptZCoins_US_Individual?hash=item2ea9bda93c
under $5 in mint set cellophane

http://cgi.ebay.com/1986-P-D-QUARTE...mQQptZCoins_US_Individual?hash=item3a56078a33

 

I said these come nice and they do but keep in mind that about 5% are ugly and unacceptable and about 30% aren't very attractive but are nice enough that beginning collectors would be willing to use them in their sets. About 50% range from nice attractive coins to very attractive but there will be a lot of scratches on these coins. Many of these are struck on burnished planchets and appear PL and sometimes very PL. 10% stand out as being relatively mark free and well made. I'd call these mostly low end MS-64. About 3% are near gem to choice gem. Most of these are low end MS-65 and about 20% of this group is PL. The final 2% are solid gem and higher with some going up to MS-68 but most are more like high end MS-65.

I seriously doubt that someone selling 5 '86-D quarters from mint sets with pictures taken from across the room is selling high grade coins. I doubt many potential buyers would expect much more than dregs.

This is actually pretty good even by mint set standards. Some mint set coins run as high as almost 50% ugly and unacceptable. The '69 quarter is this bad about 35% of the time. 5% near gem and better is also very good. Some are lower than .4%

 

I always love to read your posts. I really get a lot from your expertise. thanks and keep the great info coming.

 

Thank you very much.

I love talking about coins and all I really need is an excuse. :kewl:

 

What condition od the coins have to be in?
Are you serious $240 per roll for 1986-d? :desk::headbang:

 

Gem Bu

That the price I got 12/09 L&C catalog
http://www.lccoins.com/shop/

 

http://www.lccoins.com/shop/index.php?target=products&product_id=35043

$240 per roll, but L&C are usually high. They will be less elsewhere (if you can find them!)

 

Wow. well I can find them and I can get them for a lot less than $240 per roll in au and BU condition

 

Really!

Finding any of the older clad quarters even in nice XF is getting a little tough. You might find an AU in circulatrion but you can't find anything close to unc any longer.

There aren't a lot of sellers of these and most know what they go for.

 

Yes I know I dont think its possible to find them in xf in circulation.
However I do know this one guy essentially he takes out any coin he finds in AU/BU condition within 2 years of it being circulated. he typically charges 1.5x face and I know he has a bunch of the 1986-D. So imma pay him a lot more than what hes asking for them. It will help him out and me out. Since th 1986-d has such a high markup might as well as help him out as well. Right?

 

There was a guy who used to advertise in all the papers selling xf/ AU clads. His quality was actually pretty good but I doubt he has really substantial quantities. I don't know how he made any money since his prices were so low.

 

This guy is the same but hes retired I know he gets a pension and SS so im sure this is like side money. But whatever I know he has about 30 rolls in BU and 55 rolls in AU.
Not substantial but at these prices theyre selling its worth it.

 

Funny, collectors are normally shocked by the CDN cent BU roll price of $27+. The 86-D cents are mostly horrible in quality too. Yea, you can find a "BU" coin, but it will most likely be MS-63 or lower with a poor strike on a crappy planchet.

I agree everytime with Cladking. Collectors are ignoring modern coinage mostly based on an illusion that quality pieces are easy to find. For the discriminating collector it's tough to find ultra quality, well struck gems in most years....regardless of the holder too. To find the ultra specimens one must sort through hundreds or perhaps thousands of coins.

 

Agreed
Its like trying to find a1970S small date.

I turned in 27 1960 small dates in the past year. one was a ms-62, one au-55 the rest came back xf-40 and below.