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 Replies: 69 / Views: 15,600 |
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Bedrock of the Community
United States
17884 Posts |
Quote:You could say that Barber silver coins were the " State Quarters" of their time, in terms of contemporary collector (dis)interest But there weren't hundreds of thousands of people hoarding away BU rolls of every date and mintmark of the Barbers. We may find a MS Barber a wonderful site to behold, but would we feel the same if we could easily go out a buy a dozen rolls of them? Or for a contemporary example, which provides more wonder a MS Barber, or a MS Morgan dollar. A coin stashed away by the bag. |
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Pillar of the Community
United States
2734 Posts |
Morgans seem to be plenty collectible in spite of all the BU examples. You can easily buy a dozen rolls or even a BAG of BU Morgans, if you have the money. Many of us on this forum have some BU 1950's " Wheat penny" rolls.  Those are certainly 'common' coins.... As I said: "A lot of BU ( State Quarters) may also be spent over the next 20-30 years as well". Even if the Barbers had been hoarded in BU rolls, most all of those would have been spent during the Great Depression. Indeed, I've been seeing some AU-BU early State Quarters in my change recently, which are in too nice of a shape to have been circulating for 5 to 9 years, which indicates that the spending of these hoards has already started... |
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Pillar of the Community
United States
3294 Posts |
There is no valid comparison between the Barber coins and the State Quarters for 1 major, major reason. Barber quarters made: 00,263,078,114 State Quarters made: 34,770,800,000 (assuming 500,000,000 each for AK and HI) Also, Barber coins circulated for 50+ years wearing the coins down greatly. Especially as silver is not as durable as the Cu-Ni. Thus it seems doubtful that State Quarters will ever enjoy any kind of value much in excess of 25c in the next 100 years unless the base metal value goes up. Edit: does not consider high MS coins Edited by nod2003
10/24/2008 11:32 am
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Pillar of the Community
United States
1228 Posts |
BU rolls, most all of those would have been spent during the Great Depression maybe thats one of the reasons for the economy the way it is right now they want us to spend all of our gem b/u rolls of State Quarters so there will be less of them around !  |
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Pillar of the Community
United States
2734 Posts |
Actually, the U.S. Mint would NOT want you to spend your hoarded State Quarters: "Seigniorage"A Mint makes a profit on every coin that's removed from circulation by the public. The State Quarters were designed with "Seigniorage" in mind: Quote:From http://en.wikipedia.org/wiki/Seigniorage: The "50 State" series of quarters was launched in the U.S. in 1999. The U.S. government planned on a large number of people collecting each new quarter as it rolled out of the U.S. Mint, thus taking the pieces out of circulation. Since it costs the Mint less than 10 cents for each 25-cent piece it produces, the government made a profit whenever someone "bought" a coin and chose not to spend it. The U.S. Treasury estimates that it has earned about US$5 billion in seigniorage revenue from the quarters so far. Their seigniorage plan might get a bit tripped up by the economy!  Of course, as for any sort of future 'collectibility' to happen, the more BU rolls are spent in this time, the better!  Quote:
nod2003: Barber coins circulated for 50+ years wearing the coins down greatly. A lot of the State Quarters in circulation have already worn past the point where they'd be 'presentable' in a folder, because of their fine line features and large (easily scratched) flat areas. In this respect, they'd be more like Standing Liberty quarters. The 1892-1916 Barber and the 1932-1998 Washington designs 'wear very well' by comparison. So, to answer the original post in this thread, yes a roll of Oklahoma "D" State Quarters (the lowest mintage) could be a nice thing to have 60 years from now, by which time: * Base metal value should be close (or above) face value. * The coins should be virtually gone from circulation, first by massive attrition, then finally hoarded for base metal value. * Most of the massive quantities of BU rolls should be gone by then. Does coininsean want to wait that long?  Edited by DNA
10/27/2008 9:41 pm
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Valued Member
United States
58 Posts |
Quote:
DNA: The few Barbers left in MS condition are stunning pieces to see in person! You couldn't go wrong owning one of them, because they really stand out from the hordes of AG/G Barbers that you always see at coin shops and shows.
No Kidding. Took me while a while to find well struck, problem free Barbers in EF\AU for a type set. Beautiful pieces though. I think the State Quarters are collecting for fun and will be for some time. Little appreciation in our lifetimes. |
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Pillar of the Community
United States
2540 Posts |
Once all of the complete sets come on the market, from collectors who accumulated them from circulation, and they are offered face value, the sets will drop in value.
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Pillar of the Community
United States
1228 Posts |
Verry interesting info DNA !  |
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Pillar of the Community
United States
2734 Posts |
Quote:
"Little appreciation in our lifetimes." ...But I'm so looking forward to selling my Oklahoma-D BU rolls on my 100th birthday! That was my point, really. My projection of '50-60 years' for value appreciation (of BU business strike State Quarters) does put that time frame (in practical terms) beyond the lifetimes of many of the adult coin collectors on this forum. Considering, though, that coininsean is 13 years old, he has an excellent chance to live to that time.  So if he wants to keep a few Oklahoma-D BU rolls for that long, why not? If he wants to collect for the 'long-term', I would, of course, suggest that he set a goal to acquire the 1999-2009 Silver Proof Quarter Sets sometime during the next ten years. Because, if he lives to see the BU business strikes appreciate, the Silver Proofs would exponentially be that much more valuable (and they would be the State Quarters that many of the older coin collectors in that time would regret not buying when they were young!). BU rolls and display folders completed with all-BU coins would of course be what the collectors in that time would be interested in. There will have to be at least 20-30 years of significant attrition on those to reduce the number of those down to a more 'collectible' population. If collectors tell sellers that they're 'worth only face value' for 20-30 years, that will help the attrition along nicely! Edited by DNA
11/01/2008 12:48 pm
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Pillar of the Community
United States
2520 Posts |
I don't foresee a rise in price in my lifetime. Silver proofs and errors! And very high grade ms. I wonder how many households in America are building at least one set? I know one lady who built 10 sets to pass them down to her grandchildren (the sad thing is she built them in such cheap albums that she actually taped them in the book)
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Pillar of the Community
United States
615 Posts |
Seigniorage.... On that note... the quarter isn't the best coin to do that with.
Those $1 coins do far better than quarters. If Congress really cared about that, then they would do away with the paper $1.
-SWUSC
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Valued Member
United States
377 Posts |
Quote:I don't really care for collecting US coins anyways as I normally stick to world coins. In Brazil isn't a US Coin considered a world Coin? |
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Pillar of the Community
United States
1121 Posts |
Original Mint Rolls Common States: bid today was $10.50-$10.60..i think...Mint Original price: 1 roll of P and 1 roll of D $32.50 + $4.95 Shipping..hmmm
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Pillar of the Community
United States
2734 Posts |
Original Mint Rolls, Common States =  Original BU bank rolls of Georgia, Tennessee and Illinois Quarters bought for face value =   About.com Coins ArticleNewer Thread about State QuartersIndeed, sfwusc, the seigniorage on the Dollar coins far exceeds that of the Quarters. The Dollar coins costs them 22¢ to make, so that would be 78¢ (and 78%) pure seigniorage! |
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Pillar of the Community
Canada
610 Posts |
I love this series and started to collect them.From circulation of course.Sadly I've only managed to find 23 quarters |
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Posted 10/24/2008 11:17 am
