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 Replies: 16 / Views: 2,449 |
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New Member
United States
44 Posts |
I've been collecting odd and end silver for several years now, and am trying my best to learn about coins so that my kids & I can have a fun hobby to share. I picked these up the other day. I paid $6.75/each, which isn't bad I think. The coin pictured is the worst example of the four that I bought. The other three look much nicer (to the untrained eye, me.) So my daughter has asked me -- if these were to be graded, how would they grade? What do you all think they would be worth? No intention of selling them, just wanting to start learning this process so that we can learn to spot good deals when we come across them :) Thank you! Obverse  Reverse  Edited by ianp
02/23/2012 11:03 am
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Rest in Peace
United States
3039 Posts |
If your daughter is just starting out, why is she so worried about grading? She should be looking for fun and easy stuff to collect. I believe those quarters are always available for spot anyway.
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New Member
 United States
44 Posts |
Well, you've got to learn sometime, right? :)
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Pillar of the Community
United States
2295 Posts |
Hard to tell with the glare, but they look BU. Look at the high points for signs of wear. Like GW's hear and the eagle breast and wing feathers.
And if that is your worst coin, the other 3 must be really amazing!
It looks like the coin was taken from a mint set, since I don't see any bag marks.
Edited by wquinn
02/23/2012 11:17 am
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New Member
United States
44 Posts |
I may have embellished a bit -- much was probably too strong. The other 3 have a nicer luster. :)
Thank you for the info..
My daughter is only 7 years old, but she's really getting into this. I'm trying to do my best to encourage her and I will definitely pass this info along.
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Valued Member
United States
292 Posts |
You may want to check out a book called "Making The Grade: A Grading Guide to the Top 50 Most Widely Collected US coins". It's a very visual book with big colorful photos. |
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Pillar of the Community
United States
2295 Posts |
That is great to see she has interest. Try picking up a BU 1883 no cents nickel. They can be had for a low price ($30-$40), for such an old coin in a BU grade. Pretty amazing to see a very old coin like that in a high grade for that price! And if you don't have a good book on grading, it would be a good idea to get one or look around for a web site of photos. Here is an example of one. It doesn't tell you in words what to look for, so it isn't ideal, but it'll help out a little. (052) Not Allowed - Auto-Removed .com/howtograde_washingtonquarters.html A good book would be like one of these: http://www.amazon.com/Grading-Coins...14402&sr=8-1http://www.amazon.com/Official-Amer...f=pd_sim_b_1http://www.amazon.com/Photograde-Of...f=pd_sim_b_7I'm not sure which one is the best. Create a new post asking the question.  |
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Valued Member
United States
187 Posts |
you can also get Photograde as an i-phone and/or i-pad app.There are also several other apps available.I have Photograde and it is a free app
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Rest in Peace
United States
9104 Posts |
Quote:
So my daughter has asked me -- if these were to be graded, how would they grade? They're in the top 10%...of 1.2 billion coins. Quote:
What do you all think they would be worth? Whatever scrap silver is selling for, now, 48 years ago, or 50 years from now. I'm glad to see a young person interested in coins. Now you need to guide her to the knowledge end and away from the "how much/how high" end. See if you can show her some coins that differ by a point or two, and see if she can separate the better grade. If she can't, explain the difference, or tell her that if you can't see the difference, then for all intents and purposes, there is no difference. Point out that slabbing services exist only to make money for their owners, whether it even makes sense for the collector (like $6.75+$30=$6.75).
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Pillar of the Community
United States
2734 Posts |
Common 1964 Quarters, regardless of grade, are basically worth only their "melt" (0.1808 oz. silver content) value. This is not a bad thing. $100/oz. Silver would make your Quarters worth $18.08 each. These Quarters are the perfect coins for your daughter.  Great eye appeal, real intrinsic value (with the potential to cash in on higher silver values in the future), and common enough so it's not the end of the world if they're lost or sold. You could acquire some junk-silver 1964 Quarters, and use them as a teaching tool to compare their grades with your four (BU) coins. Edited by DNA
02/23/2012 6:25 pm
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
1903 Posts |
I do t get that photo grade thing...the MS68 looks more scratched up than the MS66
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New Member
United States
44 Posts |
Thank you for all of the info!
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Valued Member
United States
259 Posts |
And thanks for asking. The new ap for iPhone sounds interesting! Must look into it.
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Pillar of the Community
United States
584 Posts |
A great place to get some Silver Coins for your daughter is a Dealers Junk Box. If you have a local dealer, stop in and see if they have any junk boxes/bins you can search through. I've got one near me that normally has a separate bin for Barber quarters & Dimes, Mercury dimes, Washington's , Walkers & Kennedy's sometimes Franklin's,& Morgan's, And for your non silver he also keeps Indian Head cents, Ike's, Liberty Nickles. I've found many great finds in his bin's. Wish I could get over to his store more often. And even when he's low on inventory. He puts Pre64 Silver in 1 bin, so at least you have something to search through. I always make it a point to purchase something else from the store cause they got to make some sort of profit. Just a thought. So make sure to check your local dealers for similar set ups. You could even bring her with you to cherry pick what ever grabs her attention. I think you did well on you purchase, Looks to be in good shape. On another note 1964 Washington's are known to have a Type A or B Reverse 64D as yours is can have a Type C reverse, I'm hoping I'm reiterating this properly. But here's a link that shows what I'm talking about. http://goccf.com/t/87470I tried to figure out which one yours is but the glare leaves me unable to do so. Hope this helps some. And although a little late, WELCOME! |
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Pillar of the Community
United States
3755 Posts |
When you see these people say that a coin that is in that high a grade is worth only melt, ignore them. Melt for a quarter right now is 6.39. Value on an MS60 64D is 8 or so. MS coins hold a premium over their metal value. But that issue aside... Its great that your daughter is interested in grading and values already. The ANA Grading Standards for US coins published by Whitman is an excellent resource. Between that and the other resources mentioned, you and your daughter can learn to grade coins reliably on yourr own. Once you get good at that you can figure a value using price guide info like what you can get from Coin World or the like. |
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Replies: 16 / Views: 2,449 |
Posted 02/23/2012 11:11 am
