found a 1916 standing liberty quarter what do I do with it?

My grandparents gave me a bag of junk silver quarters when I was a kid. I just got around to looking through them and found about 40 dateless type 2 slqs, and 2 type 1. So I did a lot of research over the last few days, and I am convinced beyond a doubt that the one pictured below is a well worn 1916. Now, I am nit a coin collector, so I need to know what to do with it and how best to sell it. I think I will send it to be graded, is ANACS my best bet? What do you think it will grade, do you think it might be a fr02, or not even? Once it is graded what is my best bet to go about selling it, is it of any value?

Thanks for the help, here is the coin, sorry for the pic quality:

 

Log in or Sign up to hide this ad.

send it to ANACS, they slab dateless pieces.

 

From what I see, there is no deffinant way to verify that it is a 1916 and with as much as it is worn it probably wouldnt be worth slabbing by any company. The fees alone will probably cost more then the melt value of that coin, you would probably be better off selling the lot of 40 on ebay and see how much it brings you in.

 

Perhaps you should study up then since the differences are detectable even on well worn, dateless examples.

To me, the coin looks like a 1916 based upon the hair and gown. I would not hesitate to send it to ANACS as even a FR2 can sell for upwards of $1,000.

 

thanks, 19Lyds, I was about to respond, because I am 99% sure it is a 1916, I would say 100%, but I am trying not too get my hopes up too much

This was helpful to me (copied from another thread). Also, having both a '17 and a '16 in hand makes the differences really stand out.

Also, on top of the differences listed, I read in one spot that a very noticeable feature of the 1916 is that the "square" on teh bulkhead on each side of liberty is cut pretty deep on a 17, so that it does not wear off even on a well worn coin.

 

Worth a gamble, imho. ANACS is where it'd go.

 

you are right, i dont know to much about SLQ's.

 

It sure looks like it has a good chance to me...

 

It looks like a 1916 to me, and NGC and PCGS are options to consider, in addition to ANACS. In fact, I think the coin would bring more money in one of their holders. It's absolutely worth submitting for grading.

 

Hello there, nice coin. From the looks of it I`d say 1916 easy.. Good luck!!!!

 

Mark:
Would PCGS & NGC slab dateless pieces?

 

If/when they can verify the coin without the date, (and they can do that on 1916 Standing Liberty Quarters) yes.

 

It is my understanding from reading about another persons attempt at a ngc grading that they wont slab a dateless 1916. You think PCGS would carry more value?

 

It looks like the 1916 to me. The curl and beads are questionable, but not indicative of the 1917. The fold under the arm is right and the spread of the bottom of the robe is right, though the separation from the floor is not strong. The bulkheads weakness is right for the 16 and the as is the weakness of the shield rivets.

The risk reward ratio is definitely in your favor.

 

I would be surprised if NGC wouldn't slab a dateless example if they could authenticate it. Typically, NGC and PCGS coins bring more money than ANACS ones.

 

Check out this link: http://www.slqcoins.us/educational.html

 

Below is why I am nervous about sending it to NGC, and PCGS I would have to go to a dealer for, because I dont want to become a member for one coin. Do dealers usually charge a service fee or something?

about halfway down this page you will see the coin in question:
http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=59994&whichpage=1

Then, he got it back from NGC with a note saying "Not Encapsulated, illegible date"
http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=59994&whichpage=8

Then he sent it off to ANACS, and got it back AG-3:
http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=59994&whichpage=12

 

So submit it to ANACS or PCGS. Dealers usually charge a small fee per coin, in addition to the grading (and, if applicable postage) fees they incur.

 

If I were the one who found this coin (which I agree appears to be an authentic 1916), and my goal was to maximize my profit, I would send it to PCGS to get graded. Why? It will fetch the most money in their holder.

Look on the PCGS website for PCGS-approved dealers in your area, call a few, and explain that you'd like to submit a coin for grading. They should be able to help for between $20 and $40, typically....Mike

 

I would call first just to confirm that they do indeed holder dateless 1916's before shipping it. For some reason I think one of the big 2 doesn't.... but I don't remember who... and I could be wrong. I thought I read that somewhere tho.