GTG - 1937 S Washington Quarter

Just picked this up last night at an auction - thought it would be an interesting GTG:

 

Log in or Sign up to hide this ad.

I'd say MS64 but I'm no expert.

 

I'll guess MS65

 

I'm at a 64.

 

Just recently purchased an MS65 of this date/MM myself (PCGS). This one looks just about as nice, so I am at 65 too. Do I see a RPM?

 

I think it is MS65+

The strike is not great but the luster looks good and the surfaces are definitely gem.

 

I believe what you are seeing is machine doubling.



Here is another image of the coin - anyone feel it confirms/alters their opinion?

 

If anything, that photo makes the coin look even cleaner with respect to surfaces and now I'm even more torn about whether it should be MS66, but I will stick with my initial guess of MS65+.

That said, you have a great eye and have shown many times in the past your proficiency at buyimg undergraded coins. It would not surprise me if this was in an MS64 holder and you are looking to upgrade it.

 

MS63

 

Well, first of all - thank you for the compliment. I have to give credit to fellow CT members (including yourself) who have posted many beautiful coins over the years I've been following this forum - which definitely always pushes me toward more and more attractive coins.

I think you will be more surprised than you think about the grade of this coin when I reveal it.

It's in an old NGC Gen 8 slab (1997-2000) if that helps give anyone additional context.

 

MS-65 here

 

64+

 

I voted MS-64 in the poll. Although I honestly don't see why it's not an MS-65 shot 66. They only thing giving me a bit of pause is the area in front of the bridge of George's nose. If it's a surface disturbance and not an odd luster anomaly, that may be what would hold it to a 64.

 

I posted my post above before seeing the second set of images. After seeing those, I think NGC may have been a bit hard on it and gave it a 63. I still stick to my original assessment of it being a 65 shot 66 coin though.

This is exactly why you buy the coin and not the grade on the holder. I have no problems with dealers selling me a 65 or 66 coin in a 64 holder at a 64 or lower price.

 

All right - are you all ready for the grand reveal?



Yep, I’m not quite sure what happened that day, but NGC was especially harsh on this coin in giving it an MS62.

 

Unless the coin was net graded for washed out luster due to an improper dipping, then I don’t understand that grade at all. And your photos seem to show excellent luster.

You’ve seen the coin in hand, does it have a washed out appearance?

 

I think that is very low.

 

I think that one would qualify of a "Platinum" Bean at CAC... If only they had those.

 

That's what I've been thinking...why did they "hate" this coin so much? MS62 doesn't really make sense. I think it looks like a surefire MS64 to me (not that I'm an expert grader by any sense, but I did send a huge pile of Type B Washington Quarters to get graded a while back and got plenty of 63 and 64's. It's right around the same quality of the 64s. At the very lowest a 63 (on a bad day.) But not a 62.

In hand, it doesn't have that "luster that lights up the sky" - but it doesn't look over dipped. Doesn't even look dipped at all.

I saw it at the auction and was really surprised to see such a low grade. When I threw in a bid ($100) I didn't expect to win it...but somehow I ended up taking it home (the only coin I bought last night.) So, honestly, I'm happy even if it stayed a 62. But now I have to figure out if it's worth sending in for a potential upgrade, or just to find someone to send it to CAC for me. (I don't really play the upgrade game too often, just when opportunity strikes.)

What do you think?

 

Before seeing the reveal, I was thinking an MS 64.
62 seems low unless the hits are more severe than what we see in the photo (which I doubt) or what looks like staining/unattractive color in a few areas (like around "In God We Trust") is bad enough to net it down (which again I doubt).

Based on ebay sales, I see an MS 63 sold for $200; an MS 64 went for $210 and $288; and several MS 65s have sold for $230-$255 (with a few for over $300). There is currently a PCGS MS 64 available for $215 buy-it-now (note: that one doesn't look too attractive in my opinion, but it gives a relative idea of the market for that grade if one were to list on ebay).

Getting a gold sticker isn't easy (it could happen on that coin, but I wouldn't call it a lock). Resubmitting seems like it should result in a higher grade, but you'd probably need at least a 64 to make it worthwhile (and likely a 65).

This isn't the easiest call, so I'd say it depends on what type of submission you're planning soon. If you have enough coins to go to CAC, then that might be your choice. If you have multiple raw coins, then grading might be the better option.