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<p>[QUOTE="Collect89, post: 1634486, member: 15445"]What has been your experience with bust quarters? Prior to going to the FUN show, I had some discussions with Detecto about bust quarters in grades F to VF. He had purchased a raw bust quarter which I hope he will post here. Detecto’s coin was one of the reduced-size quarters & I think the date was 1834. </p><p><br /></p><p>As a result I became interested in possibly finding a new bust quarter for my own collection. At the FUN show I asked at least a dozen dealers for price quotes on their slabbed bust quarters. I was mostly looking at the large size pieces but there were some reduced-size quarters as well. EVERY quote that I received was for significantly more money than grey sheet. In a majority of the quotes, (I mean like every quote) the dealer wanted EF money for a VF coin or they wanted VF money for an F coin. To put this into perspective, when I was expecting a $100 quote the dealer would quote $300. When I was expecting a $300 quote, the dealer would quote $1,200. The slabbed quarters were so expensive I didn’t bother to make any counter offers. I just politely passed on every offer.</p><p><br /></p><p>By contrast, the raw examples were priced much closer to grey sheet prices for the grade listed on their (raw) holders. However, most of the raw coins (almost without exception) were cleaned or had some damage and perhaps most should have netted a lower grade / cheaper price IMO.</p><p><br /></p><p>I have watched Bust quarters disappear from the shows for the last 30 years. Since I already had a couple nice examples in my collection, I never studied their prices or where they were going until now. </p><p><br /></p><p>Heritage auction archives indicate that the prices realized have been significantly above Grey Sheet. Perhaps it’s time for CDN to adjust their prices or am I missing something here. I’m interested to learn others experience with these cool 2-bit coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Collect89, post: 1634486, member: 15445"]What has been your experience with bust quarters? Prior to going to the FUN show, I had some discussions with Detecto about bust quarters in grades F to VF. He had purchased a raw bust quarter which I hope he will post here. Detecto’s coin was one of the reduced-size quarters & I think the date was 1834. As a result I became interested in possibly finding a new bust quarter for my own collection. At the FUN show I asked at least a dozen dealers for price quotes on their slabbed bust quarters. I was mostly looking at the large size pieces but there were some reduced-size quarters as well. EVERY quote that I received was for significantly more money than grey sheet. In a majority of the quotes, (I mean like every quote) the dealer wanted EF money for a VF coin or they wanted VF money for an F coin. To put this into perspective, when I was expecting a $100 quote the dealer would quote $300. When I was expecting a $300 quote, the dealer would quote $1,200. The slabbed quarters were so expensive I didn’t bother to make any counter offers. I just politely passed on every offer. By contrast, the raw examples were priced much closer to grey sheet prices for the grade listed on their (raw) holders. However, most of the raw coins (almost without exception) were cleaned or had some damage and perhaps most should have netted a lower grade / cheaper price IMO. I have watched Bust quarters disappear from the shows for the last 30 years. Since I already had a couple nice examples in my collection, I never studied their prices or where they were going until now. Heritage auction archives indicate that the prices realized have been significantly above Grey Sheet. Perhaps it’s time for CDN to adjust their prices or am I missing something here. I’m interested to learn others experience with these cool 2-bit coins.[/QUOTE]
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