Discussion in 'Coin Roll Hunting' started by Traci, May 14, 2021.
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Sure, dealers sell entire rolls of silver state quarters, but they started life in a silver proof set.
Thanks for the op to hang with y'all today
for any coin in the set. But, let's just consider the silver proof quarters.
Let's further assume that 75% of the quarters grade PF69DCAM (or UCAM) or better. That means that the dealer has 1,250 silver quarters that did not make the grade. He then has a choice. He can (1) dump them for a price close to their melt value or possibly (2) roll them for a little bit more profit. Those are the options!
Yes, in this TPG world, one basically assumes all raw coins have already been rejected by TPG for the high grades unless it comes in the original mint packaging.
Ok that's what I figured. I have no S mint marked ones. Only D and P. Thank you!
Still trying to figure these quarters out and learn about them. Your help is appreciated!
Depending on the year, there may be a W mint mark. Those are pretty cool.
now a company like HSN or any of the other home shopping coin shows might submit in bulk and have a cut off of PF69 and all the rejects below that (and the majority should grade PF69 or 70) would get returned raw, and they would sell it as a roll of silver S mint proof quarters since they are out of the mint packaging.
the clad proof set comes out each year first, they submit those whole, but they really don't need the non silver coins in the silver proof set by the time that comes out. their markups are high enough to toss out the non silver coins or put them in circulation or dump them at a bank.
Hope this makes sense. you aren't going to find silver state quarters with P or D mintmarks, at least not real ones, you may find plated ones, they exist out there also and pop up from time to time.
a collector of kennedy halfs or roosevelt dimes might break the silver proof sets for that one coin for their album, and then pile up the remaining coins into a roll to sell them to recover some of the cost of the silver proof sets. figure if they only want the kennedy, and buy the set each year, they put 5 silver quarters and a dime in tubes. 5 quarters a year, so in 8 years they are sitting a on a full roll of S silver quarters they don't want or need really.
lots of reasons for this to happen. At my LCS a guy came in with rolls of 40% silver bicentennial halfs and quarters, he inherited a bunch of sets he said, and said broke them down so he could sell them as the silver for melt. he sold the shop two rolls of each.
In each row, the two coins far left are uncirculated clad quarters.
Third coin from the left is a clad proof.
Far right is a silver proof.
The clad proof and the silver proof aren’t that different in appearance other than the silver is a bit whiter. The telling clue is the edge….. Anyway I thought a side by side may be helpful for you.
Meow puts most BU rolls away in tin cans unopened. Especially if there is no chase within (Ws, known errors, etc.)
Thank you the picture really does help! I see what you’re saying about it being whiter. Subtle difference but it’s definitely there.
What would be interesting now would be to put a piece of single ply tissue paper over the top two rows and see if the silver would show through it more than the commercial strikes or the proof...
I’m sure this is obvious to everyone but me but why would that happen? Because it’s brighter?
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