1986D Quarter MS-65

so he shouldn't just pay less than x.... he should know what he's buying? Why didn't you guys say so the first time?

 

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This isn't an especially tough roll and it is one of the best clad quarter rolls for quality since strikes were often good and it was before the time most got scratched up pretty bad.

But not many roll coins would go MS-65. It's way less than 10%. Some rolls would be much better of course.

Redbook is really quite low for most mint state moderns and Greysheet only lists chU. PCGS price guide is closest but remember they are quite low on some and high on some. The coins don't have to be slabbed to be "worth" PCGS price but they have to meet their standards and to sell them they'll probably need to be slabbed.

Watch mint sets for raw coins. These sometimes appear in very high grade in the sets and most look decent.

 

If they are uncirculated and in the original paper rolls why would they be beat up?

 

Because they're business strike coins that were dinged around in bags. Here's some info...kind of geared toward children...

Step 6: Counting and Bagging

Now the coins are ready to leave the Mint!
First, an automatic counting machine drops coins into large canvas bags. As it does this, it keeps track of the number of coins it drops. The bags are sewn shut and loaded onto pallets. Then forklifts move the pallets to storage vaults.
When a Federal Reserve Bank needs more coins, the Mint ships them in an armored truck. Your local bank gets all new coins from the nearest Federal Reserve Bank. Then as the bank gives out change, the new coins make their way to you!



http://www.usmint.gov/kids/coinnews/mintingProcess/step_6.cfm

If you like clads I highly recommend reading cladking's posts. Try not to ever listen to generalities and feel free to PM me regarding 32-98 Washington's. I'm not an "expert" but can steer you in the right direction.

 

Yes, I agree strongly with this. There were some bad '86-D quarters so even getting MS-61's and 62's wouldn't be surprising. The bulk of the coins in an '86-D roll would be expected to be MS-63 and MS-64. These are very high quality compared to typical clad rolls of other dates. MS-65's wouldn't be rare but more than half the rolls of this date will include no coins this nice. The other half would usually have only four to six.

This is a tough date because mint set production was sharply lower. Quality of the best specimens in the sets was exceedingly good. Average quality was fair to good.

 

So I guess the bottom-line FMV of a roll of these would be about what?

 

$10.

 

$180 per roll for nice attractive coins.

A pig in the poke might have some gems or you might get scratched if it's a really bad roll.

If you know it's not a good roll or if there are no gems then it might be best to avoid it. Stretch if you've been looking a long time or if you think they're good coins.

 

Thanks everyone. I've learned a lot.

 

There are no mint state condition '86 or '87 quarters in circulation. They became statistically impossible several years ago. AU's will be gone soon as well. Availability of a coin isn't determined by mintage but by how many were saved and people quit saving new coin in 1965. This means that the number of mint state moderns is often much lower than old mint state coins.

This can really be seen in world coins which have already experienced increased demand for moderns. The old silver issues still have far more demand than the newer coins yet the moderns sell for much higher prices because they are far scarcer. It's not unusual for these high mintage coins to sell for many hundreds of dollars because they are nearly unavailable.

The '86-D quarter is no rarity but exists in far smaller numbers than many collectors would think. In high grade it gets fairly tough. PCGS lists it for $17 in MS-65, $150 in MS-66, and $1350 in MS-67. The MS-65 price looks like a big bargain to me but I'd suggest only specimens with pleasing surfaces at this price. There are none graded higher and you can't find an MS-67 in a roll I believe. MS-66's probably can be found in rolls if you get lucky.

These are not scarce rolls but anyone who thinks any eagle reverse clad quarter rolls are easy should try to find one. Most dealers won't have a single one of any date in stock and they won't be able to order one for you. There are a few fairly "common" clad quarter riolls but they won't have these either. They aren't out there and they aren't readily available.

 

If I saw a mark free ding free 86 D with the cool looking luster that good clad quarters sometimes have I would not think twice about dropping $12 on it. That being said I doubt that that is what you were offered.

 

Very interesting, values given in this thread for a roll of these is anywhere from $10 to $180. I think I may be able to buy up to 50 rolls if I wanted and I bet I could get them for $100 a roll.

 

I'm surprised you wasted your breath informing this experienced numismatist of these facts. Sometimes it's best to keep your mouth shut when you don't know what your talking about or have a biased opinion. I know because I've opened it in a similar fashion and wound up looking like a jackarse.

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When business strikes come off the dies, they're dropped into large collection bins before making their way to rolling them.