Whats it worth?

[mik-migration]

Hey everybody im pretty new here and have a question for you guys. Quarters really arent what i collect but i was able to pick up a good deal at an estate sale on a 1954 s quarter graded by icg at ms 67 (only $15). To the best of my grading abilty the coin seems to check out at a ms 67 despite what is said about icg's crappy modern grading. Any ideas on what this coin might trend for.

 

 

thnxs

mik

[Bruceswar]

I would put the coin's value at $25.00 to $50.00 The fact it is in an ICG holder will effect what it will sell for if you decide to sell it

[mik-migration]

I had a feeling you would say something like that. This is actually my first icg coin and i knew the holder would affect the coins price somewhat but wow it affects this coins price a lot. Were this coin certified in ngc it would probobly go for what 4x that price right? Well it was only $15 so no worrys.

[Bruceswar]

I would knock the price down a grade point or 2 on ICG coins.. for the most part.... but thats not always true... If you look at the PCGS price guide... those prices for the later date washington's are wishfull thinking....

[mik-migration]

Good to know

 

thnxs

[Bruceswar]

Now I will say the prices on earlier date washingtons are much closer.... 30's and early 40's I think they jack up the price on the back half so they are not fixing them every day wirh a buck or 2 here or there

[EZ_E]

It sounds like a perfect coin to crack out and place in an album!

[James_OldeTowne]

1954-S is one of the most commonly hoarded Washington quarters (curiously, so are the 1954-S Franklins). They routinely sell well under sheet, because they are so common, and you can literally buy high-grade examples by the roll.

 

The good news is, it's one of the better-produced dates in the series, and always an excellent choice for type.

 

In true MS-67, I would pay maybe $25 tops, regardless of certification. Even the slightest doubt about the grade would drive it's real value down to more like .... $5 (no I'm not kidding).

 

Now, that's dealer buy price, of course. The important thing is, do you like the coin? Do you want to keep it? If so, then even at full retail, you did just fine. You have something you want to own.

 

James

[Hoot]

1954-S is one of the most commonly hoarded Washington quarters (curiously, so are the 1954-S Franklins).

 

These were "last year" coins. The San Francisco Mint was closed by 1955 and was regarded as an assay office.

 

Hoot

[SilverGigolo]

My experience is that ICG has been accurate on any silver Washington quarter. The modern debate referred to is the late 1990's up to now.

 

The Grey Sheet coin dealer newsletter also agrees with my assertion about ICG. See their graph on the front page about grading services.