Early 1980's Jefferson's

Discussion in 'US Coins Forum' started by skane, Jun 2, 2005.

  1. skane

    skane Senior Member

    Can anyone tell me why the 1982 D&P mintmarks, the 1983 D&P mintmarks, the 1984 P and the 1986 D Jeffersons carry a small premium in comparison to the other 'common' Jeffersons? At least according to the Numismedia Fair Market Value Price guide? Does the Redbook show any difference in value? And I am referring to grades starting at 'G' to 'XF'?

    Thanks
     
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  3. cladking

    cladking Coin Collector

    The price guides have finally noticed that there's actually a small market
    developing for circulated moderns. They've all just started speculating on
    what these coins are worth. Many of them are quite comical really with
    one listing a VG '83-P quarter at a higher price than an MS-63 '82-P.

    This makes the hundreds of millions of these in circulation suddenly worth
    $2.30 each while the scarce '82-P is listed lower.

    Until they've had a chance to work on these guides, they are best taken
    with a cellar of salt.
     
  4. skane

    skane Senior Member

    Do you believe that they are worth holding on to until such time as the appropriate values start to begin to make more sense. What's the reason for some of these nickels and quarters to command a little premium over the other ones? Lower mintage numbers?
     
  5. Speedy

    Speedy Researching Coins Supporter

    I would only hold on to them if they are in BU+....I find a good many of them but never keep any...but then I don't collect modern coins!!!

    Speedy
     
  6. lawdogct

    lawdogct Coin Collector

    Early 80's clad coins are much like the new 2005 bison nickel....hard to find in higher grades due to poor quality control. The 1983 P Washington is a great example. The last unopened bank roll I saw listed on ebay went for $450+.
     
  7. skane

    skane Senior Member

    So why do the lower grades even command a premium over their common counterparts?
     
  8. cladking

    cladking Coin Collector


    That price is a steal if it's been in the last four years. Wholesale on this is $1,000. Some of these (including this one) is scarce in any grade over XF. Even nice VF and XF coins can be tough if you want full strikes and nice even wear. Most rolls will contain no truly choice coins and gems are rare.

    No regular issue modern is worth much premium under VF yet. It is true that some of the older ones can be somewhat difficult to locate but there's really no evidence of demand for them in lower grades. The '68-D quarter can be tough to locate but will show up about every 1,000th coin. These will rarely be in VF or better.

    Most of the post-1964 nickels were saved in rolls. Some of these were not very heavily set aside but all these are available. The toughest ones tend to be '80's and '90's. These and mint sets will account for almost the entire supply of uncs. It's difficult to believe many XF nickels will ever have a lot of value except perhaps the '82 and '83 coins since there are no mint sets. Cents, half dollars and dollars were also saved but in some cases there are not very large numbers. Many of the dimes and quarters weren't really set aside at all in rolls. Except for both '65 issues and the bicentennial quarters none of these rolls is really common.
     
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