Worth of this VG/F seated quarter.

I posted under coin chat about the worth of this seated quarter but it is probably more appropriate to ask what the value of this quarter may be. I and another member under coin chat determined this coin's grade would be higher VG to lower F. How much do you think the value is? I am just wondering if I got a deal. I could take it to a coin shop and see how much they would pay for it.

 

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Looks more like F12-F15 if you go by the PCGS photograde and thats about $28 or so.

 

G6-vg8.

 

While there is nice remaining detail overall, the wear on the obverse keeps it out of a fine. From the photos it looks as if the rim is pretty much gone in places and IMHO should be offered/priced as a good - barring no other unseen problems and assuming the surfaces are original. It's a common and very affordable date that, in this condition, could be had for well under $28.

Any chance the coin has a slight bend?

 

My comments remain the same.

http://www.cointalk.com/t207713/#post1459561

 

I tend to agree with Log Potato as far as grading and I seem to getting a mix between VG and F that is why I just said VG/F. There is wear on the rims at the bottom but the liberty in the banner is present unlike lower grades. It just appears to have worn a little wierd compared to the photogrades. I would price it at VG for this coin, no lower but paid $13 for it with shipping so $28 would be over double what I paid. I bid 50 cents more than the last guy in the early mormng hours on the Saturday before Memorial day and wound up the winner. I was expecting to be outbid. Considering the conditions I won the auction, I was just wondering what the actual value of it is. I would not sell at G if I ever plan to since I don't believe it is at G condition.

 

I think you did okay on the purchase. I personally think the obverse is very weak and the coin looks cleaned as well. With all of those problems taken into consideration I would say it would be VG DETAILS which is the Good Bid. Greysheet "Good" Bid is $18.00, which means that you did pretty good on the purchase. If you took it to a coin dealer though, they wouldn't give you $18.00 for it though. They would say its a common coin and they've got a bunch of them and they are hard to sell. They would probably offer you bluebook price which is $9.00-$11.00 (which isn't fair but is sometimes reality). Overall you made a good purchase on it. Typically I only buy seated liberty quarters (lower grades or under Fine) for $1.00 to $2.00 over the silver value on eBay, and typically in groups too. Hope that helps

 

What makes you believe it is cleaned? I am sure a lot of coins this age have been cleaned at some point but this coin doesn't look like someone tried to make it white-faced or alter it's appearance. I am sure someone dropped it in acetone or something at one time like many coins. Even using distilled water is considered cleaned.

I have seen someone use this graysheet before on just about every coin even those in the junk bins. Problem is this number seems a little high sometimes or the dealer just exaggerates the grade or doesn't take in consideration issues like if the coin had been cleaned. But I believe that I got a good deal like you said and know that a coin shop would charge $18+ for the coin if I had bought it there. I placed a bid for 50 cents more than the last guy on Ebay a few hours before closing but for some reason nobody bid. I thought this had something to do with the time it closed in the early morning hours the day before Memorial Day.

I buy junk silver too but the seated I see close to melt are pretty beat. They are worn down to nothing with holes in them and stuff like that. I just bought 5 silver roosies for my Whitman book and 5 Mercury dimes at local PM dealer for $21. I also got a VG 1898 Barber quarter for $5 out of the junk bins. You can't beat that with silver prices being low.

 

I don't think you understand that many people on the forum think this is a problem coin(either cleaned, bent or someway damaged) which makes the coin look significantly worse and worth significantly less than a problem free VG coin with eye appeal.

 

That is not what "a lot of people are saying".

I asked what makes you think it is cleaned since I hear this all the time about coins in general. A lot of people are not saying this, they are talking more about the details on the obverse. One person asked if it had a slight bend and one person stated it was cleaned but I am wondering what evidence of cleaning they are seeing. Just because one person states something on the Internet does not make it fact. I have coins that were cleaned and this coin does not have the same characteristics but as I said I am sure the purists on the forum have cleaned coins that they can't tell are cleaned. I should say this coin does not look like it has had its toning removed. I looked at this coin and don't see the "bend' someone asked about and am wondering what evidence there is that this coin has been cleaned. I personally don't need a perfect coin and this coin looks good to me. I am just wondering what is worth but it sounds like I should just take it to a coin shop next time I go. One person asked if there was a bend, one person stated it was cleaned but want evidence do they have of this. It is not everyone in the forum. It doesn't look bent when I looked at. I am sure though to some every circulated coin has some kind of problem.

 

So far 4 people think it is a problem coin. You are asking for our opinions and we have given them to you. I don't understand your phrasing at all. A problem coin is a coin that would probably not make it into a TPG holder with a solid grade. There are millions of circulated coins that are not problem coins. Also, there is no toning on the coin. So why do you think that toning was removed? Nobody said it was dipped. Also, cleaned coins can retone. Please do some background research.

 

In my opinion I think the coin is cleaned because the coin's color is just off in my opinion. One that is in lower grades should have a slightly different color than the one above. I think the coin has been altered in my opinion. Also for TPG holders, sometimes cleaned coins are encapsulated that should be "DETAILS" grades, but the companies didn't catch them. There are a lot of cleaned coins out there and always try to buy the coin not the holder!

 

This coin was severely cleaned. Look at the shield on the Eagle's breast. You can see the "dirt" ( for lack of a better term) in the recessed areas of the shield. It was definely cleaned pretty severely.

It looks like someone used a mild abrasive like baking soda and ran it under a faucet while rubbing it with baking soda and fingers.

I wouldn't really pay much over melt for it !

 

The orginal picture is here: http://www.ebay.com/itm/290717501510?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1497.l2648
That picture is a scan and bright light passes through the scanner which might result in a change of color. I don't believe it had been cleaned because look at it. If you want to alter a coins appearance why leave it look like that? There is much more motivation to clean HULLCOINS Morgan in his avatar in order to get a higher premium and as you said I think there are plenty of coins that have been cleaned well in slabs that went undetected. There may have been crap stuck to it that someone wanted to get off of it and in my opinion that is acceptable.

I think you are right though I think a lot of purists have cleaned coins that they are unaware of. Coins tone in different ways and I have coins that are different colors. One is more violet where others are tan, gold, or black. In my opinion if you wanted to alter this coin, why alter it to this? I would want to try to make it look like HULLCOINS Morgan and I have a coin that someone tried to alter to look like just that.

 

Nobody will sell you a coin like this for over melt. Maybe you can get a worn down thing with a hole in it. Coin horder you are just making this stuff up and just going with flow. Like I said, I don't believe it has been altered or why leave it like this? You ever think that dirt just gathers in places more than others?

 

explain the blackish areas in the recessed shield area on the Eagle's breast, and near Liberty on the obverse then !

Why do you think it went for only $11 ?

Sorry, this obviously cleaned. A vg/f coin should have a lot of honest dirt on it....this one did but somebody cleaned it. The whole coin should like the shield on the reverse....that just screams "CLEANED"

 

It should look more like this...

http://www.ebay.com/itm/1862-S-Silv...97?pt=Coins_US_Individual&hash=item2c65f4aee5

some dirt around the stars and such. That coin would never get slabbed by PCGS/ NGC without a cleaned designation. It is obviously cleaned.

 

Sorry my coin is not dirty in the right places for you but as I mentioned, I don't care about dirt removal and was talking about toning removal. You can always by that worn down slabbed coin with the dirt in the right places. Nobody bid on it. That coin has similar patterns to another coin I have that is said to be cleaned. I am sure there is a chance that coin was also altered and PCGS missed it. Atleast I didn't pay a lot for my coin because it has a slab and the toning wasn't altered. If it was, why leave it like that? As far as using baking soda and tap water on it that just sounds like you made that up and nobody will sell you this coin for close to melt unless is was worn to nothing and no date with a big hole in it.

 

That was just a random example of what a ciculated coin should look like.

Maybe you'll believe it when a few others tell you that your coin is cleaned.

Good day !

Doug

 

buddy16cat, I looked at your eBay picture and I still think the coin has been cleaned. It is an old cleaning to the coin, but it is still there. I agree with Doug21 when he mentioned the darkness in the eagles breast, which I think should be the coins natural color without a cleaning. Regardless though most Seated Liberty Coins in lower grades have been cleaned at some point and it isn't a big deal at all... You still made a decent purchase