I guess a lot of you can mention at least one coin that you wish you had bought years ago, but never did? Well, this is one of mine: The 1824 Quarter. It just recently bought this one from Dick Osburne (A great person to deal with BTW!), and it arrived a couple of day ago. It is encapsulated by ANACS. B-1 variety, the only variety for the year, rated R-3. This is one coin where the disparity between listed prices in the price guides, and the prices actually asked seems really great, as much as 2 or 3 fold. Can anyone explain why? See if anyone can determine the grade ANACS assigned to this coin (in spite of the bad pictures). This, and any other comments are much appreciated. Regards, Eduard
Eduard: Nice coin. As far as the disparity of price/values? I have no idea. As for the coin, since it is in an ANACS holder, I will estimate (based on an obverse of G-4 and a reverse of F-12) That it is VG-8, cleaned.
Yep, VG 8 is correct. However, not net graded. The ANACS holder makes no mention of a cleaning, and perhaps what is more important, neither did Dick Osburne. Dick is known for his very accurate description of coins. As you may know, he carries no picture whatsoever on his Website, so buyers rely on his descriptions which are known to be fair and accurate. I hope both he and ANACS got this one right! Eduard
bust quarter I think ANACS gave that coin a VG-8, but I don't see that it has been cleaned. As for the price differential, I'm not quite sure. I do know that I have a very difficult time even finding bust quarters at local shows, and they're typically priced way above greysheet, although certainly not 2-3x. Maybe 40-50%.
Damn...someone came into my office and started talking, and I missed getting my guess in by a few minutes. Glad to see we agree, though.
You would have to follow the 70 discussion thread in coin chat. I figured it was not net graded, but I still think a light cleaning was done - but it would not matter to me. I like the coin just the way it is. Sweet coin Eduard
Eduard, I do agree with the VG8 grade, but I must contest the second statement above. In my experience (which I'm happy to go into if you'd like), Dick's descriptions are not necessarily accurate. That's not to say that he's tough to work with (he's not), nor that he's not an upstanding dealer (from all I hear he is), but rather that my experience in trusting his verbal or written descriptions is far from stellar....Mike
Thank you all for your input. Mike, you make an interesting comment about D. Osburne. In fact, in making my decision to work with him, i had nothing else to go by other than what i had read about him in another large forum. The opinion there was by and large positive, with many people praising him, precisely due to his fair/accurate description of the coins he sells (in spite of not having any pictures to let prospective buyers view the coins). There were, however, a few reservations as well. So all in all my experience with him is of course very limited. At the same time I was following an 1824 quarter in the September Heritage auction. I bid strongly on an NCS grade specimen in F15 cleaned, and did not get it. It went for over 2.4K!! When i noticed Dick had an ANACS VG8 specimen at a reasonable price, i decided to go for it, and voila. I wish i had been able to afford a better coin, but you cant have it all. I must say however that i find this one quite pleasing. Regarding the discrepancy between catalogue and actual prices, this is very marked for the 1824 quarter, particularly over the last 2 years. 2 specimens in yesterdays Heritage auction went likewise for strong money, way over catalogue. I just wish i had bought mine 10 years ago! Eduard
I even believe that I was part and parcel to the origin of the remark, but I have no idea what he is trying to say. As the rest of you stash, gorgeous coin. Anytime you get tired of looking at them, I will send you my address. Anyone of them would be appreciated.
Eduard, I'm glad to hear your experience has been positive, and really truly hope my experience was just an isolated incident. In the end, as long as we buy on approval, we shouldn't have any real risk either way. Take care...Mike
