Next major key purchase

Discussion in 'US Coins Forum' started by Rushmore, Jan 31, 2015.

  1. Rushmore

    Rushmore Coin Addict

    I'm trying to decided what I want to do for my next major key coin purchase. What I do it put a coin on layaway with one of my favorite mail order dealers, then get it paid off in 6 or 12 months depending on price

    1931-S Lincoln Cent VG or Fine

    1932-D or S Washington Quarter VG or Fine

    1921-P or D Walking Liberty Half G-VG

    1928 Peace Dollar G to Fine

    Carson City Morgan Dollar any year G to Fine

    What do you all think?
     
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  3. KoinJester

    KoinJester Well-Known Member

    21 walker, harder to find in a nice problem free and IMO better value. I out the 31s in the same boat as the s vdb over priced and over hyped
     
    Last edited: Jan 31, 2015
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  4. Markus1959

    Markus1959 Well-Known Member

    Can't go wrong with a 28 Peace Dollar. Always wondered why 32-S quarters are considered a key when almost 41 million were struck! (or am I mistaken on the mintage?)
     
  5. tommyc03

    tommyc03 Senior Member

    Your funds may be limited but I would go for a Walker in Fine at the least. All the 1921's have gone up quite a bit in the past few years. All three of mine are Fine 15's. I have the Lincoln 31PDS in B.U. I am considering a A.U. for the 1928 dollar, only because of the very steep increase to B.U.I have the 32D & S. Wash. in Fine but again would like to have X.F. as an upgrade. The Fines do not have enough details. I tend to save a little more for the key and semi key coins and never look back. In fact I have tried to keep all of the keys in at least fine because they have better eye appeal and are a better long term investment, when eventually you, or someone else must find the need to sell someday.
     
    Last edited: Jan 31, 2015
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Google "1932 quarter mintage"

    First hit: Washington quarter mintage figures - Wikipedia, the free encyclopedia

    1932, 5,404,000. 1932, D, 436,800. 1932, S, 408,000.
     
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  7. tommyc03

    tommyc03 Senior Member

    I've been told that part of this is due to the Depression factor whereby these coins saw a lot more use in commerce than did the halves. Most people could still afford to use quarters but not the halves. So the better condition coins were only saved by those of more means. And it also explains why you can still pick up a P in MS60 for under $20.00.
     
    Last edited: Jan 31, 2015
  8. tommyc03

    tommyc03 Senior Member

    This would make sense at the time because most major industries were located on the east coast, auto's, steel, munitions, coal, military complex in general. More commerce, more coins needed from Philly.
     
  9. Markus1959

    Markus1959 Well-Known Member

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  10. -jeffB

    -jeffB Greshams LEO Supporter

    Maybe "408,000.75" -- counting one off-center piece? :)

    I wouldn't normally trust Wikipedia over the Red Book, but I was pretty sure that I'd seen a mintage around 400K, and less than the mintage of the 1932-D. (When I was a kid, I heard about the 1932-D a lot more than the 1932-S, and was surprised when I saw the mintages.)

    As we've seen, the Red Book sometimes has typos. Or perhaps, like some map-makers, they introduce a few deliberate errors to catch copiers.
     
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  11. Markus1959

    Markus1959 Well-Known Member

    Ah yes - should of known - the dreaded off center strike screwed everything up!!
     
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  12. tommyc03

    tommyc03 Senior Member

    Have you read Numismatic News the past few years, Typo's are the norm now. Everyone is cutting back.
     
  13. tommyc03

    tommyc03 Senior Member

    Isn't Wikipedia an open source program, wherin anyone can go in and change anything if they want to. I would not trust this either, but I've never used it either.
     
  14. Joe2007

    Joe2007 Well-Known Member

    Personally I'd go with Peace Dollar or the CC Morgan.
     
  15. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I would respectfully suggest you not buy anything until you're able to pay for it. This isn't meant to be rude or to knock your collecting methods, but is only to urge you to think this through. The chances of you getting a better price on payments than you would cash is, well, beyond remote, plus nothing on your list or has been suggested is tough to the point that spending extra could be justified. Even if (IF) this fellow's cash and credit prices are the same, saving until you have enough to purchase could very well open up windows to better material and, perhaps, at a better price too. There is great truth behind the old saying that "cash talks, BS walks"...
     
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  16. chip

    chip Novice collector

    BS is short for bloviating syntax?

    So when cash talks, what does it say to you?
     
  17. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Apparently, if wishing to add something of substance, it does.
     
  18. Mainebill

    Mainebill Bethany Danielle

    Me the walker or the 28 peace. The cc Morgan good to but save up to you can get the $200 ish bu gsa type
     
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  19. Mainebill

    Mainebill Bethany Danielle

    I don't fond a big increase for the 28 peace from au-bu big increase from 63-64 and even bigger from 64-65 66 forget it unless your loaded wasxalways recognized a key and saved in high grade unlike the 34-s
     
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  20. messydesk

    messydesk Well-Known Member

    Red flag here. Not knowing who this mail order dealer is, if they are willing to do a 6-12 month layaway on a $60-$200 purchase, they may be charging you a lot more than you need to pay. Better to save up the money you need and just by the coin outright from someone who may charge a lot less. If you can't get to a larger show, find a trustworthy person who can go and is willing to bird-dog such a coin for you.

    That said, the 1928 Peace dollar will cost you about the same in VG or EF. Same story with a CC Morgan dollar, unless you want one of the later dates or a 79-CC. 31-S cents also have pretty flat pricing.
     
  21. Rushmore

    Rushmore Coin Addict

    It's a dealer I have bought from for about 20 years, they offer several layaway programs, I'm on the six month one now and will be done in April.
     
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