Hi all, I aquired some old silver coins and Buffalo Nickels from a coworker. I got this 1911 Barber Quarter minted in Denver. It's a Ket Date! Only 933,000 were struck there... Only problem it has is the ugly ding under the date on the rim. Would this affect it's value? I know it's not a MS coin and it has some weird dirty spots on the surface but thinking since it's a key date coin that it still could be desirable.. Maybe?
This is what has been said about this particular Barber Quarter Quote - "Numismatic vs Intrinsic Value: This coin in poor condition is still worth $7.42 more than the intrinsic value from silver content of $2.58, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy." closed quote - From CoinTrackers Website
With that mintage, the coin may be closer to a semi-key date. In any event, that ding is definitely an issue and will decrease the value.
The value is definitely lower but still above melt. I do have some bad news Paddy, it's not an error. It's PMD. Sorry, couldn't resist.
That damage will definitely lower the value significantly. Also, though it is a low mintage, all other Barber Quarters pale in comparison to the famous and coveted 1901-S.
That coin does not have Fine details; I would call it VG-10 details. The rim bump hurts it (yes, a rim bump of that severity absolutely hurts the value), but the corrosion spots kill it. So, its VG details. I usually start at about half off with a details piece. Given that this is a scarcer date, that means that even in low grades it will still be worth something. So, I'd probably start at a value for that piece around $30, and work lower from there.
The corrosion, which is really ugly, is far more of problem than the ding. If it looked decent but still had the ding it could be nice - but those spots! Give me the ding any day.
I view this differently. Assigning a description of Fine Details establishes the value of a problem-free coin, from which a lesser value may be determined for this coin. In my opinion, not accounting for the detractors, the details retained by this coin absolutely qualify it for a grade of Fine 12. I'd be very surprised if a retail buyer would not pay $50 for this coin.
I beg to differ. The damage AND the spots are going to prevent someone paying more than $40 at most, even with Fine details. One can buy problem free 8’s of this date for $50 or less.
In all my years of collecting and writing about coins, I've never before seen the 1911-D referred to as a key date. Or even a semi-key, for that matter. It's a little better than a common date, but in this condition, I wouldn't want it in a group of bullion coins. Hate to be a Debby Downer, and you can chalk it up to my sore back today.
Perhaps I was not clear, or perhaps the very similar terminology led to confusion. What I mean was, I do not think this coin has the level of detail required for Fine. If it were problem free, I would say it has the detail required for VG-10. The problems then net the value down, for a VG-Details coin.
