1913 S and 1914 S Barber Qtr Buyers Grade?

This estate collection is made up of quite a few coins with hairlines. When looking at some of the key coins, what impact on grade/value is there when the coins look like these two? As you can see from this page, the owner picked coins that all looked similar in condition. There are not that many 1913 S quarters. I would have to think even in this condition there is a demand for a coin that looks like this.

As a side note: Considering some of the damage that has been done to some of the coins in the collection by storing them in albums in less than perfect conditions, honestly I am glad the collection doesn't contain many high grade coins. As a collector, (me) I am glad I never got into storing my coins in albums. I know some collectors like them, but I am forever scared after seeing this collection. I just wouldn't risk my investment.

Thanks for your thoughts on net grade and depreciated value.

 

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I figured someone would say look at ebay or HA but I also know we have enough knowledgeable Barber collectors (waiting on Frank ) that might give me more of a general idea on the subject. Also good to get different perspectives on how people collect and buy.

Obviously I know net grade and value are affected but just using real world examples to try to gauge how much. More times then not we only talk about the issue and don't use real examples to show the potential impact. For example: What would someone pay for these two coins problem free versus the condition they are truly in?

One of the things dealers have an advantage with is having daily discussions with customers that bring coins in with issues like these. Wouldn't it be good as a discussion point for the forum members to hear that without actually owning the coin or taking the hit?

Just whats kicking around in my head as I look at these coins and thought I would share.

 

Thanks for the real world examples Doug. I know you are trying to help me understand there are too many variables. I am just trying to take the variables out and get a feel for how I should react to a coin like this say if I were going to buy it. I don't own it and honestly I would not buy it as a collector (but I am sure others would). If I was looking to buy it ~ to turn it though, how much does the condition of these coins affect value of what might be found in the grey sheet?

I know there is a lesson here and I am trying to learn it without the loss. Again - this is purely a hypothetical set of questions and I am trying to spark a discussion that might help me and other collectors.

I totally understand - at auction, timing (placement in the auction) alone can affect the value. I've seen it. How many of the same coin in similar grade and different grade affects prices realized. I also get that depending on the number of potential buyers and even the time of year can affect prices.

The one thing that shouldn't vary too much is how a knowledgeable trusted dealer reacts to a coin like this one. Maybe I am wrong, but I would think in terms of the amount of time used to set value there must be some general set of rules. While this is a different approach to the original question, maybe it helps me get to the same place. Or maybe there is just no hope (more likely).

 

I feel like I am Will Smith and I'm just not asking the right question. At least the fate of the human race does not hang in the balance. Come on Ken - where are you when I need you. I have given enough ammo. lol

 

Although they have value, both are common coins in low grade and their liquidity might be harmed more than their sales price.

 

Amended - common in low grade I get but with only 40K minted I cannot imagine there are that many available. 28 on ebay currently (almost all buy it now) so I guess they are out there but not that many to choose from compared to most other coins.

 

Hope this is better D.

 

All it takes is a little patience to find one of these; that is a common coin. If you look through Heritage auctions archives you will see that Heritage alone has offered 572 of these pieces (1913-S and 1914-S) since the mid-1990s. They are always available.

 

Lets say that's 15 years worth of auction results and two dates. That equates to less than 2 coins a month of each (13 and 14). Ya they are out there but still say the 13S is not all that common compared to most any other coin.

Still just trying to understand by how much the grey sheet would be affected by the condition of these two coins. 70% on buy, 80% on buy, 50% on buy for the 13S and 80% for the 14S due to the high mintage?

 

okay, spent some time looking at completed auctions on ebay. Going back to April there were only 12 1913S coins that sold in an auction format. Only one raw and it was similar to the coin I pictured. It sold for $735. That's right in the middle of what Doug mentioned and helps to support what he said.

I guess for someone that might be interested in a problem key coin you probably want to buy at no more than half of the problem free buy price. A dealer is probably not going to offer more than 1/4 of the buy price?

 

Darryl

Great coins.

[altho I am prejudiced, as you know.]

I think the $700 is fair for the '13S, it is a G-06, but PCGS would give it a G details.

Still, I like it.

[Note: I could make this a 1,000 word essay, but it is too early. ]

 

I get it Doug. So based on this round about discussion I will answer my own question. For me if I was buying as a dealer I should probably buy the 13S at 350 to 400 and be happy if I get anything over 500 for it. I will hope to get 700 but have to protect my investment and buy below my low number. Dealers have to make these buy decisions every day, right.

As a collector I want to try to pick it up at 500 but anything below 650 is sort of a win.

Is that unreasonable from either perspective

 

Thanks Frank

Going through the barber dimes this morning. Would love to have you sitting here with me giving me your perspective on these coins!

 

what have you to say for problem coins in slabs selling for 100% of the value as problem free coins?

 

I am pretty confident Doug would say: buy the coin, not the slab.

 

and that is the condition of one of the fastest growing markets in the world