Smart Buying Guide: How to Buy Type B Reverse Quarters Without Getting Ripped Off

Historical Significance

Type B reverse quarters represent one of the most fascinating chapters in modern U.S. coinage history. These quarters, minted between 1956 and 1964, feature a reverse design that differs from the standard Type A reverse. The Type B reverse was created using a different master hub, resulting in subtle but important design variations that collectors prize today.

The Type B reverse quarters were produced during a transitional period in U.S. Mint operations. According to forum discussions, these coins were “pretty plentiful” and could even be found in quarter rolls sold for melt value, with collectors occasionally discovering entire rolls of Type B reverses mixed in with regular quarters. This accessibility makes them an excellent entry point for collectors interested in die varieties.

Identifying Key Markers

Identifying Type B reverse quarters requires a trained eye and understanding of the specific design differences. As one experienced collector noted, “The Type B reverse quarters are a good set for someone just starting out with die varieties. As varieties go, they don’t take too much searching to find and the pickup points are not too hard.”

The key differences between Type A and Type B reverses include variations in the eagle’s feathers, the positioning of the olive branches, and the overall sharpness of the design elements. Forum members have successfully identified these coins through careful examination of bulk silver purchases, with one collector reporting they had “set aside 22 examples 1956 to 1963” culled from such purchases.

Where to Buy Type B Reverse Quarters

Finding Type B reverse quarters requires strategic shopping at various venues. Based on collector experiences shared in the forum:

• Local Coin Shops (LCS): One collector discovered several rolls of Type B quarters at their local shop when a customer sold them for melt value. Building relationships with LCS owners can lead to similar finds.
• Online Marketplaces: eBay and other auction sites occasionally list unattributed Type B quarters. As one collector observed, “For a number of years these weren’t recognized by either PCGS or NGC so they occasionally come up on ebay and other sites for all years, 56 to 64.”
• Mint Sets: Type B quarters are common in 1959 and 1960 mint sets, making these an excellent source for collectors.
• Bulk Silver Purchases: Many collectors have successfully found Type B quarters by searching through bulk silver purchases, as evidenced by multiple forum members who “culled” these coins from larger acquisitions.

Red Flags to Watch For

When purchasing Type B reverse quarters, be aware of several potential pitfalls:

1. Misattribution: Some sellers may not recognize Type B reverses or may misidentify them. Always verify the attribution yourself or with a trusted expert.
2. Overgrading: Be cautious of coins that are significantly overgraded, especially on online platforms where you can’t examine the coin in person.
3. Counterfeits: While Type B quarters are generally not heavily counterfeited due to their relative abundance, always purchase from reputable dealers when possible.
4. Unrealistic Pricing: While some Type B quarters can command premiums, especially in high grades, be wary of sellers asking exorbitant prices without justification.

Raw vs. Slabbed: Making the Right Choice

The decision between purchasing raw (ungraded) or slabbed (graded and encapsulated) Type B quarters depends on your collecting goals and expertise:

Raw Coins

Raw Type B quarters offer several advantages:

• Lower Cost: Raw coins typically sell for less than their slabbed counterparts.
• Potential for Discovery: As mentioned earlier, unattributed Type B quarters occasionally appear on the market, offering opportunities for knowledgeable collectors to find undervalued specimens.
• Flexibility: Raw coins can be submitted to grading services if desired, or kept in collections without the constraints of encapsulation.

Slabbed Coins

Slabbed Type B quarters provide different benefits:

• Authentication: Professional grading provides assurance of authenticity and attribution.
• Condition Guarantee: The assigned grade represents an expert opinion on the coin’s condition.
• Resale Value: Slabbed coins often command higher prices and are easier to sell to other collectors.

One collector shared their experience with slabbed coins: “I’ve found a number of them graded and unattributed. For a number of years these weren’t recognized by either PCGS or NGC so they occasionally come up on ebay and other sites for all years, 56 to 64.” This highlights the importance of understanding grading standards and attribution practices.

Negotiating Tips

Successful negotiation for Type B reverse quarters requires knowledge and strategy:

1. Know the Market: Research recent sales of comparable coins to understand fair pricing. The 1956 Type B is noted as “the difficult year,” potentially commanding higher prices.
2. Buy in Bulk: When possible, negotiate better prices when purchasing multiple coins or rolls at once.
3. Point Out Flaws: If you’re knowledgeable about the series, you can use your expertise to negotiate better prices on raw coins with minor imperfections.
4. Build Relationships: Regular customers often receive better deals from dealers who value repeat business.
5. Be Patient: The best deals often require waiting for the right opportunity. As one collector noted, they had “over time, had 5 that graded 66,” suggesting that building a quality collection takes time and persistence.

Value Guide

While specific pricing can vary based on condition and market conditions, here are general guidelines based on collector experiences:

• Common Dates (1959-1960): These are the most readily available Type B quarters, often found in mint sets. Expect to pay modest premiums over face value for circulated examples.
• 1956: Considered the “difficult year” by collectors, 1956 Type B quarters may command higher prices, especially in higher grades.
• High Grade Examples: Coins that grade MS66 or higher can be valuable, with one collector reporting they had “5 that graded 66” from their searches.
• Unattributed Finds: When discovered in raw form and properly attributed, these coins can represent good value, especially if purchased before the seller recognizes their variety status.

Conclusion

Type B reverse quarters offer an accessible and rewarding collecting opportunity for numismatists of all experience levels. Their relative abundance, combined with the challenge of proper identification and the potential for finding unattributed specimens, makes them an excellent focus for collectors interested in die varieties.

As one experienced collector noted, “A fair amount of people collect Type B…” indicating a healthy collector base and ongoing market interest. Whether you’re a beginner looking to start a variety collection or an experienced numismatist seeking to add these interesting pieces to your holdings, understanding where to buy, what to watch for, and how to negotiate effectively will help you build a quality collection of Type B reverse quarters without getting ripped off.

Remember that successful collecting requires patience, knowledge, and a strategic approach. By following the guidelines outlined in this buying guide and learning from the experiences of seasoned collectors, you’ll be well-equipped to navigate the Type B quarter market and make informed purchasing decisions that enhance your collection for years to come.

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