Zemo:
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Many times when I'm sitting in our "library"...
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Bubba:
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Library? When did you add on to your home?
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Zemo:
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You know the room I'm talking about Bubba! I like to bring reading material with me to help pass....the time.
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Bubba:
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Oh, I get it.
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Zemo:
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Quite often it's the NumisMedia Price Guide, as I enjoy looking for dates that I feel might be underpriced in a particular grade. I've come up with three that you might want to look into to see what you think. These three I feel are true bargains in fully struck, MS-65 condition at the current price levels. The first is the 1935-S Buffalo Nickel.
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Bubba:
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Most collectors of this series know that this coin's sister, the 1935-D is scarce, if not rare, in fully struck MS-65.
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Zemo:
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The Price Guide reflects this rarity, as it is priced at $270.00 in this condition. However, I have found that the coin from the same year, 1935, struck at our left coast mint (San Francisco) is equally difficult to locate with lustrous surfaces, full hair on the bison's head and back and nice definition on the braid on the obverse above the tie.
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Bubba:
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If you can find a fully struck, MS-65 piece at the Price Guide FMV (Fair Market Value) of $132.00, BUY IT!!!
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Zemo:
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The second underpriced and underappreciated coin is the 1934-P Washington Quarter with the weak motto.
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Bubba:
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This was the second year of issue for this series, and the mint was still creating varieties via the strength and/or design of the motto "In God We Trust".
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Zemo:
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One of the well-known and genuinely rare varieties of this year is the doubled die obverse, with a strongly doubled motto, but another, lesser known, is almost as tough to find, and priced at the "normal" 1934-P price in most cases.
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Bubba:
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This is the weak motto variety, with IN GOD WE TRUST very shallow on the coin and relatively indistinct.
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Zemo:
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This weak motto variety accounts for a very small percentage of the total 1934 Philadelphia mintage, and sometimes may be found with attractive, frosty surfaces.
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Bubba:
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Find one for the MS-65 price of $55.00 and add it to your collection.
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Zemo:
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Its importance and rarity is not well known now, but with variety collecting growing by leaps and bounds in the hobby, it's only a question of time before the price will escalate commensurate with its rarity. The last of the three coins I feel is undervalued at the current MS-65 price probably offers the greatest opportunity. Why the 1940-S Walking Liberty Half Dollar is priced almost 72% below the 1941-S ($341.00 vs $1,070) is beyond me!
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Bubba:
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I've seen many, many more well struck 1941-S Walkers, and when the '40-S is weakly struck, it's WEAKLY STRUCK!
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Zemo:
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Someday, somebody's going to wake up and realize that this is one of the big sleepers in all the half dollars, and certainly THE biggest in the Walking Liberty series when you consider the MS-65 full strike/price ratio. So, there you have it...three sleepers that are "grade cherrypickable". There may be more, so select your "library" reading material carefully and see if you can find some on your own!
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Bubba:
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Thought of the Day: "The more dirt you throw, the less ground you have to stand on."
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