Washington quarters and the elusive 1964s in BU and better...

Discussion in 'US Coins Forum' started by eddiespin, Feb 1, 2006.

  1. eddiespin

    eddiespin Fast Eddie

    I have to be joking, right? There were over 1.2 billion of these struck in 1964. Let me tell you what says I'm not. In just the last couple of weeks, in MS67, the Philadelphia strikes went up $500 (from $3500) and the Denvers $150 (from $1750) in the PCGS Price Guide. And it was my understanding that a lot of these common dates were illegally or otherwise melted down in the 1980's when the spot price of silver hit $50/ounce. The common dates, naturally, were the first to go, and people hardly had the time nor willingness to sort through the grades while rushing to redeem. So, question, are these now the new scarce find, or is that popycock? Talking about in that top grade, now. Something's going on, just look at what a lot of these have been going for in the auctions. Opinions?
     
    eddiespin, Feb 1, 2006
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    First of all, you should never pay much attention to what the PCGS price guide says. More often than not the prices listed there are somebody's dream.

    I will say this, finding high grade examples, 67 or better, of the '64 quarter sure aint easy. And for those that are found, they are rather pricey. Typically the D is easier to find than the P and it does sell for less - the most recent examples I can find sold for about $1600. The last example of a '64-P I could find was sold almost 3 yrs ago and it went for over $7,000.

    Now for the scary part - in MS66, both of these can be bought for about $40 each.
     
    GDJMSP, Feb 1, 2006
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  4. I Palindrome I

    I Palindrome I Senior Member

    why not buy a few dozen MS-66 coins and resubmit them? Might hit the jackpot!
     
    I Palindrome I, Feb 1, 2006
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  5. eddiespin

    eddiespin Fast Eddie

    Thanks for bringing me back down to Earth. In fact, it was examples like that $7000+ coin you mentioned (IIRC, you're right, it was in a 2003 auction) that sent me into orbit. Anyway, I suppose as a practical matter we'll never really know what the effect of that "great meltdown" was on these common date business strikes. About all we can say is, they're most likely not as common as they origiinally were. Look, good advice, thanks.
     
    eddiespin, Feb 1, 2006
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  6. eddiespin

    eddiespin Fast Eddie

    Clever. Listen, got two tens for a five? :)
     
    eddiespin, Feb 1, 2006
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  7. GDJMSP

    GDJMSP Numismatist Moderator

    It's not that coins themselves are rare eddie - they aren't. There are literally millions of them out there - not in circulation mind you, but in collections or somebodys coin jar.

    Those high grade coins are known as condition rarities - that just means it's hard to find them in 67 grades or above. But in grades under that, they are quite common.
     
    GDJMSP, Feb 2, 2006
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