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<p>[QUOTE="Vess1, post: 24680263, member: 13650"]It's good to understand that there are coins made for circulation that *can* get valuable in high grades due to conditional rarity. Like that one. There may be hundreds or thousands of MS-66s which technically is an excellent, near perfect grade and a small minority out of the millions made. But still plenty to satisfy demand, which keeps the value down. Only so much interest.</p><p><br /></p><p> Once you surpass that level and go to 67 the population may drop off a lot. Usually takes perfect condition, strike, high luster. A rare condition specimen. Those might be worth $100 as an example. Then if there's one or two examples deemed MS-68 by the graders, they are a conditional rarity that people with registry sets will likely bid up to have the finest know because they are worth the most points for the spot in the registry. This is where a lot of that comes from. Most people on this forum, literally a coin collecting forum, would not pay $100 for any modern circulation quarter. But some will pay thousands for the right one for their set. The next time it goes on sale it may go for much more or much less.</p><p><br /></p><p> Then you have collector versions like the silver proof set, satin proof sets, mint sets, that will have quarters with the same designs. The majority of these will be excellent condition all the way up to MS69 and 70 so you'd think those should be really valuable, but it's not really that impressive because they're supposed to be flawless. The majority will be that way so again, prices will stay relatively low for those reasons. </p><p> The top grade in the plain old Ps and D's meant for circulation ( read as, no special handling so they get beat up on their way to huge mint bags to bang around against others) are usually a much bigger deal. </p><p><br /></p><p> There's really no point looking for one. I would imagine some dealer somewhere who gets a discount at some third party grader sends in rolls of quarters for them to grade and lets them have at it. Maybe a flyer ends up coming out of that submission that ends up paying for the whole submission with profit left over. Most of the time, no. It'd just be like finding a lucky scratch ticket. You'll lose money playing that game. But that gives you an idea how one might come about in MS-68. </p><p><br /></p><p> Most rolls meant for circulation will not be worth the cost of submitting (can be $25 with discount up to $50 per coin full turn around if you do it yourself). Grading is costly and takes a long time to get anything back. You could spend a grand getting a random mint roll of quarters graded. Get it all back and maybe get a couple hundred back out of it if you spend the time to list them all individually, pack them, ship them, deal with people, etc. If you could sell them at all.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 24680263, member: 13650"]It's good to understand that there are coins made for circulation that *can* get valuable in high grades due to conditional rarity. Like that one. There may be hundreds or thousands of MS-66s which technically is an excellent, near perfect grade and a small minority out of the millions made. But still plenty to satisfy demand, which keeps the value down. Only so much interest. Once you surpass that level and go to 67 the population may drop off a lot. Usually takes perfect condition, strike, high luster. A rare condition specimen. Those might be worth $100 as an example. Then if there's one or two examples deemed MS-68 by the graders, they are a conditional rarity that people with registry sets will likely bid up to have the finest know because they are worth the most points for the spot in the registry. This is where a lot of that comes from. Most people on this forum, literally a coin collecting forum, would not pay $100 for any modern circulation quarter. But some will pay thousands for the right one for their set. The next time it goes on sale it may go for much more or much less. Then you have collector versions like the silver proof set, satin proof sets, mint sets, that will have quarters with the same designs. The majority of these will be excellent condition all the way up to MS69 and 70 so you'd think those should be really valuable, but it's not really that impressive because they're supposed to be flawless. The majority will be that way so again, prices will stay relatively low for those reasons. The top grade in the plain old Ps and D's meant for circulation ( read as, no special handling so they get beat up on their way to huge mint bags to bang around against others) are usually a much bigger deal. There's really no point looking for one. I would imagine some dealer somewhere who gets a discount at some third party grader sends in rolls of quarters for them to grade and lets them have at it. Maybe a flyer ends up coming out of that submission that ends up paying for the whole submission with profit left over. Most of the time, no. It'd just be like finding a lucky scratch ticket. You'll lose money playing that game. But that gives you an idea how one might come about in MS-68. Most rolls meant for circulation will not be worth the cost of submitting (can be $25 with discount up to $50 per coin full turn around if you do it yourself). Grading is costly and takes a long time to get anything back. You could spend a grand getting a random mint roll of quarters graded. Get it all back and maybe get a couple hundred back out of it if you spend the time to list them all individually, pack them, ship them, deal with people, etc. If you could sell them at all.[/QUOTE]
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