Standing Liberty Quarters...Your thoughts?

So what you’re saying is $4.00 a piece if I take them all is a good deal? I’m not interested in paying a lot for good dates, but if I can get a bunch of them in the condition above for 4.00 each I’m pretty sure I’ll be doing alright if the time comes to sell.

 

Log in or Sign up to hide this ad.

VF25 or 30. These sell for $10.

 

I am constantly undergrading these coins, but from the looks of this one, I would say the market grade is EF-40. So far as i'm conerned, it's a VF-30.

 

According to the Greysheet, they are worth $130 a roll or $3.25 apiece in average Good. VG and better rolls are quoted at $260 or $7.50 apiece.

If I were running a B&M store, I'd say that the VG and better roll price with full, solid 4 digit dates, might make you some money and foot traffic. The trouble with the low grade stuff is that they will sneek in enough pieces with the dates barely visible to make it a bad deal. Those things are worth the price of junk silver.

 

And this is why I don’t mess with the numistic side of these. Price guide linked in this thread says a common date in VF20 is worth $14 and a XF-40 is worth $32. So I asssume a 30 would be somewhere in between yet you say they sell for $10 which makes me think you wouldn’t get more than $6-8 from a LCS? Too confusing for me..I’ll stick with melt and know what I got! I’m pretty sure I can get them all for around $3.50 so if that happens I’ll do it.

Thanks everyone for the help!

 

Yeah. You just have to know the market. And if you were to auction them in that grade you'd get $10 give or take. Price guides, greysheet, etc.... they don't really equate to reality.

 

Yeah I have no interest in getting coins graded or trying to sell on eBay. I buy and sell locally and don’t have the time to list individual coins for sale. Junk is junk as far as I’m concerned. I was just hoping to get some older, nicer coins for a good deal and not pay through the nose.

 

$4 each would be OK as the melt value is currently $2.69.
So perhaps you would keep the 20 or so best coins, and sell the rest for melt.
The price I was quoting $6-$8 each is a retail coin shop price for
common circulated SLQ's.
Selling them at $1 above melt would be fair, but then you are the one who has to get rid of them.

 

You think SLQ’s in VF30 are worth only melt? If that’s the case I dont see the reason to even bother with anything less that AU.

Common circulated SLQ’s around here sell for 11x. $6-8 each is pretty crazy.

 

I would go for $3 each if you are buying in bulk

 

IMO , SLQs are interesting and challenging to collect. They also have a cool history.

 

Are SLQs pretty popular to collect? I am starting a set and it is challenging

 

There has been a dedicated group of collectors forming since the late Jay Cline wrote several editions of his book on the subject. This goes back more than 30 years.

Yes, it is a very challenging set with the 1916 and 1918-S over 7 overdate leading the way. Many other issues are very challenging if you are looking for full head examples.

 

I've just finished a collection of Washington quarters and was planning to begin one for SLQs. I think you are right, and may rethink this. I bought one yesterday for 7.69 post paid, a price I could not pass up (his photos). It lacks only a little detail in the date.

 

Standing Liberty Quarters are noted for being dateless coins. Most of those pieces were minted from the 1917 Type II through 1924. The dates were not protected, and on some coins the dates were weak from the time the coin was struck. When I was a dealer, I once had a 1920 quarter in MS-63 that had a date that was almost unreadable. The rest of the coin was fine, but the date was very weak.

Here are examples of the two date treatments. The so-called Type II quarter had an exposed date.



The Type III quarter has the recessed date, which fared better in circulation.

 

So, just to make sure, you've found the separate PCGS Photograde sections for Type 1, Type 2, and Type 3, right? They don't show any weak dates for higher grades in the Type 2 section, but the F15 image shows a date that would be considered pretty weak on most other coin types.

 

Yes I have. I ended up buying them for $3.00 a piece..about a roll worth. I passed on several but in retrospect I should have bought them all! I find most junk SLQ’s are quite worn so these were for sure a treat to find.

Thanks everyone for the input.

 

At that price, I would've bought them all! Post some photos when you get a chance?

 

Here's a nice one I found at the last show I went to. Bright, lustrous. Sent in to NGC.... CLEANED. Why a quarter with great details needed to be cleaned we'll never know but I couldn't tell when I bought it. This really re-enforces what everyone says about loose coins. Any even slightly valuable coin that's not in a slab tends to be suspect of some form of past abuse. With exceptions being rare.

 

Bright and shiny silver coins sometimes sell better to the uninitiated collectors who think that, somehow, a coin that is now over 100 years old could have existed without getting any tarnish or toning on it. Or, maybe they were not thinking at all and were attracted to the brightness.

I don’t think that the coin was quite Mint State when they messed with it, but it was close to having a full head. It is possible for an AU-58 or maybe even an AU-55 to have a full head, BTW, and the grading services have long ago acknowledged that.

Like the Peace Dollars, Standing Liberty Quarters almost never have "monster toning" unless it came from a bottle, fry pan or sulfur.