Time and cost to assemble a complete Liberty Seated Quarter set

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Time and cost to assemble a complete Liberty Seated Quarter set

wball64
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wball64
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Joined: August 10th, 2015, 10:21 pm

June 3rd, 2018, 8:48 pm #1

I write this as I travel back from my weekend trip by train. Saw an excellent thread on Seated Dollars so I will ask it here.
What is the time and cost to assemble a complete set of Liberty Seated Seated Quarters?
I have assembled around 70 raw quarters that range from low grade to AU and have been working at it for 3 or 4 years.
What are your thoughts?

Walt
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Golden Arm
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Golden Arm
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Joined: May 9th, 2015, 3:02 pm

June 3rd, 2018, 9:45 pm #2

wball64 wrote: I write this as I travel back from my weekend trip by train. Saw an excellent thread on Seated Dollars so I will ask it here.
What is the time and cost to assemble a complete set of Liberty Seated Seated Quarters?
I have assembled around 70 raw quarters that range from low grade to AU and have been working at it for 3 or 4 years.
What are your thoughts?

Walt
Great question Walt and one that I typically avoid asking as well as answering. It is a fair question though and the answer is obvious once one starts treading their purchases. I for one am just shy of 30 pieces and all but one are certified and decent on the R factor scale. I suppose if I complete the set and pursue the grade range currently underway near XF-45 to AU 53 range I will spend some 100 K. Obviously I have to be mindful and respectful of my family’s needs and have set the course to complete 50% of it. At that point I will sit and admire what I have or continue the journey at a very slow rate. A quest for the CC pieces is an additional expensive journey. I will be lucky to acquire 1 in a good to Vg grading range.
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romanmel
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romanmel
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Joined: October 1st, 2014, 10:11 am

June 8th, 2018, 10:17 am #3

I couldn't resist responding to this question. I am one of the original founding members of LSCC (member #0003). My chosen favorite in the 1970's Seated coin quest was the quarters. My collection was completed during the years, starting about 1971 through 1978, and included all dates, mints and major varieties known at that time (save the 1873cc no arrows piece, of course). Back then little was known by major or minor coin dealers regarding the rarity of Seated material, so cherry-picking was the way of life for our kind. I was fortunate to have many sources such as Bill Grayson of B&B Coin, Kamel Ahwash, Larry Briggs and others to call on. My collection ranged in grade from Fine to XF condition and had no problem coins included. The total cost of my  collection after completion was about $8,000. I would not be able to do that today for $80,000, I imagine. Collecting those coins was one of the most enjoyable times of my 71 years on this plane called Earth. I served as Sect'y/Treasurer of LSCC in those early years and became good friends with many wonderful kindred spirits. After completion, I sold most of my collection a few years later by private treaty to another collector for a reasonable profit. I then turned to ancient Numismatics and have a sizable collection of these historic pieces, from which Christian Gobrecht got inspiration to create the Liberty Seated design.

Mel Hatfield
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wball64
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wball64
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Joined: August 10th, 2015, 10:21 pm

June 13th, 2018, 9:14 pm #4

Thanks Paul and Mel for your thoughts and insight.
The Liberty Seated Quarters have been alot of fun so far. This will definitely be a set I will be working on for years to come.

Thanks again.

Walt
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classic silver
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classic silver
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Joined: December 27th, 2005, 12:27 am

June 16th, 2018, 5:55 pm #5

It is great to see Mel contributing to this forum.  I've enjoyed reading your articles for many, many years!  I would think a VF set in third party grading holders will run at least $150,000 and would be a serious challenge  Getting a complete VF set approved by CAC would be at least $250,000 and would be a monumental challenge.  There are not many complete sets of Liberty Seated quarters in any grade, raw or third party graded, in existence. That is why the recently broken up Iowa collection of Seated quarters with over 90% CAC was so impressive and special.   
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