PhilCarr Posted March 28, 2011 Report Share Posted March 28, 2011 This is my favorite coin (in my collection). Several times, people have tried to low ball me out of it. Being a novice, I figured I should ask for help. Can someone tell me a bit about it? Link to comment Share on other sites More sharing options...
mmarotta Posted March 28, 2011 Report Share Posted March 28, 2011 I grade this Very Good because the toes are visible and you can see the drapery at the left leg. With silver at $34-$35 an ounce, this is a $7 coin. It is the second-highest mintage of the series (12.28 million; 1920 was 27.86 million). Maybe with silver upwards and maybe with coins being strong, a dealer right now today might put $10 on the coin and take $9 from a collector who needed one. But, again, as the second-highest mintage of the series, you can buy a Very Fine for $20. Working with cash, you get the chance to buy silver at face, and that's nice. (Kennedy halves 90% and 40% and War Nickels are probably the most likely finds.) For most people in your position, the truly numismatic opportunities are in errors and varieties. CONECA (www.conecaonline.com) is the national club for that. The Cherry Picker's Guide - a standard book for aggressive buyers and sellers - is all about errors and varieties. When the Wisconsin Quarter came out, one of the dies had a scratch and so one of corn leaves had an extra line on it. You would have thought George Washington had Lincoln's beard the way collectors went crazy and bid the prices up. It happens all the time with modern errors. Not my cup of tea, but the market is always right. Link to comment Share on other sites More sharing options...
PhilCarr Posted March 28, 2011 Author Report Share Posted March 28, 2011 Thanks for the input Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.