Well, I won it. I knew it wouldn't come cheap. 1869s quarter

I bid on this last week when it opened. 1869 s quarter. 76,000 mintage. And this is po01 pop1/1 with not even a single fr02. I knew it wouldn't come cheap and set my max bid of 303 just in case and dropped at the last second. 280.99 was the winning bid. Didn't surprise me but I'm glad i didn't lose it. Because it could have happened. I'll have to see it in hand but I think it should get a bean. Pop 1/1 with a bean would be awesome!

 

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Score!!

 

Wow, four bidders in the last two minutes.

Shows what I know about quarters!

I'd never have guessed. Congrats

 

So... what, exactly, does "good for the grade" mean for a lowball coin? It seems like a lowball registry would penalize beans...

 

It's actually the opposite. My LCS had 5 common date Morgans once, all po01 cac and they were asking 3500 for all 5. The registry points for po01 cac is the reason they go for so much. And most po01 don't pass. They have to be pretty original to get the bean to begin with. It's the other end of the mint state spectrum. Most po01 coins have old problems. Old cleanings, rim dings, scratches.

 

I didn't know where to be. This is the first time I saw one with this low of a pop on this low of a mintage. And with no fr02 even. If I lost it with my bid I would not have been surprised. I could have seen it going for more.

 

After looking at the only 8 listings for 69s quarters on ebay I think it was a steal at 280...

 

Realizing that the 'Low Ball' ones go for crazy money, can anyone help.

I just looked and in 2004 I picked up a VG-08, raw.

What would that go for now?

 

Looks better than a P-01 to me. Very nice pick up.

 

Can anyone see the S mint mark?

 

Believe me I'm going to be looking for it when it gets here. I have noticed it isn't very noticeable. But at this level of wear there might not be much left and his picture is blurry enough to hide it. I would hope pcgs didn't make a mistake like that...

 

Suppose that the MM is right at the threshold of visibility, or perhaps only perceivable with a loupe? How would that affect the chances for the bean you want?

 

The only thing that will affect it from getting the bean that I'm sure of, is old problems. Bad scratches, rim dings, and old cleanings and corrosion. These are the biggest ones that will stop it. And yes, there are straight graded poor with all these problems. I have a high rate of getting beans with poor coins. I have a better chance of getting a bean on one than I do getting one to grade that way at pcgs. The only thing I'm not sure of with this coin is that black area on the shield on the reverse. But otherwise the surfaces appear to be original.

 

Man I'm looking at this coin and I don't see any mint mark on it. If that's the case and this is an 1869 P then it is even rarer and more valuable than the S and still would be pop 1/1 as a p mint. There were 76,000 69S and only 16,000 69P. I'm going to have my coin dealer look at this. I'll send it back to pcgs.

 

I messaged the seller. He said he sent it to pcgs and used whatever his grandpa had written on the holder it was in when he sent it in.

 

I'm soooo not seeing anything real clear either. However, your bottom pic, blown up, shows this:


Could that be the 'S' PCGS is seeing? Doesn't look legit as an 'S' to me. But I'm trying to figure out what they're seeing that is causing them to label it as an 'S'.

 

That's not where it should be though...

 

This looks like an (S) to me but it's on the complete opposite side,Strange.

 

I posted this on the CAC forum. Here's what one guy said. I see what he's pointing out. But when I magnify that area in hand you can't really see any of it.