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State Quarter Value Going Up?

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Bedrock of the Community
United States
20753 Posts
 Posted 09/30/2008  08:53 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I predict that in less than 1,000 years all those State Quarters will be selling for well over $0.26 each.
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DNA's Avatar
United States
2734 Posts
 Posted 10/13/2008  10:35 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
It won't take 300+ years for State Quarters to be worth
more than face value. Why? "Base Metal Value"

It took only 40 years of the U.S. being off of the Gold Standard for
90% silver coinage to become worth more than its face values!
One dollar in 1933 was equivalent to $2.40 in 1964 (a 240% Consumer Price Index gain from 1933 to 1964)

Cupro-Nickel Quarters already have over 3¢ each in base metal value.
At whatever point in the future that the C.P.I. is 800% of the current value, this would be the point where Cupro-Nickel coins would become worth their face value in 'base metal' or 'melt' value (assuming that the metal prices don't inflate even faster than the C.P.I. in that time!)

Our current C.P.I. point is about 800% above the year 1952 (56 years ago). If the same progression applied for the future, cupro-nickel coins would hit 'face value for melt value' in 2064.

If we have another round of high inflation a la the 1970's, this point could approach much faster!
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SpringCypress's Avatar
United States
666 Posts
 Posted 10/13/2008  11:34 pm  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
I'm with the majority of the responders here in thinking that the numismatic value of these is going to go absolutely no where.

Composition value however will at some point put the coins over face value, but I like to think of numismatic value and composition value separately.

Just as a for instance I look at common date Barbers as being roughly 60 to 70 cents above spot, common mercs at around 30 cents above spot and common roosies at spot.

With the State Quarter series I see these trading at face value or spot (whichever is higher) for quite a while. Granted after I'm dead and gone there's a very high liklihood that these will command some sort of numismatic premium, but not a whole lot due to the high mintage numbers.

The coins in the series with lower mintages (i.e. the proofs, silver proofs, and High MS examples) will do much better than common circulated examples but even then I don't think you'll see as much appreciation in these as you would specific examples of other coins in the same series i.e. the 82P.
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Dillon's Avatar
United States
240 Posts
 Posted 10/15/2008  10:28 pm  Show Profile   Bookmark this reply Add Dillon to your friends list Get a Link to this Reply
I hope the Oklahoma will raise alot! I got a $10 roll of them when they were released
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Gary Burke's Avatar
United States
3730 Posts
 Posted 10/16/2008  02:39 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
A slight rise possibly, but way down the road.

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acidic1's Avatar
United States
632 Posts
 Posted 10/17/2008  6:24 pm  Show Profile   Bookmark this reply Add acidic1 to your friends list Get a Link to this Reply
I hope they go up...even a little bit...


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DNA's Avatar
United States
2734 Posts
 Posted 10/17/2008  11:34 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
One of the nice things about the State Quarters is that it is possible to complete a set from circulation. The idea was that you wouldn't have to be a typical 'coin collector' to complete a set (at least during this time period when they're being minted)

However, many of the designs wear quickly in use, and it's already getting a lot harder to complete an AU/BU set from circulation.
Inevitably, this will increase interest in BU rolls as time goes on.

The general public's interest in the series may decline after 2010, but the type of persons who remain interested in the series will shift to those who are more of the 'coin collector' type.

In 50-60 years, a complete BU set of State Quarters may have some 'collector' interest, particularly if their base metal value was close to face value by then!
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jbuck's Avatar
United States
188952 Posts
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SpringCypress's Avatar
United States
666 Posts
 Posted 10/18/2008  2:30 pm  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
It comes down to a supply and demand issue for me.

There will never be much of a demand for circulated pieces as so many were made.

Following the same logic, So many rolls were saved that I have a hard time believing that there will ever be a huge market for BU examples as well. Then you throw in the number of these things which have been graded by the top 3... and it makes me think comparatively speaking the demand for high MS examples won't be that great either.

There might be a run up on roll prices soon as I suspect there are several individuals out there who quit the series with the mindset of finishing it later. These people might want to go out and finish their sets. But once that rush is over... I don't see there being another.

(I just went to my local dealer the other day and purchased all of the coins from 2002 on in 63+. He charged 50 cents per. I'm missing 3 P mints. I fall into the group that I mentioned above.)
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DNA's Avatar
United States
2734 Posts
 Posted 10/18/2008  10:18 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
I would agree that 20-30 years from now that the S.Q.'s won't be major collector's items. There will still be a few (worn examples) of them in circulation, a number of BU rolls should still be around then, some 'hoards' collected in this time may be coming to market, etc.
Anyone who is collecting State Quarters in that time frame would have to use BU roll specimens to complete a nice-appearing 50-coin or 100-coin (both mints) folder, the option to compile an attractive set from circulation will be long-gone. The BU rolls should still be fairly affordable in this period.

It's the 50-60 year mark where things would be more interesting. They should be pretty much gone from circulation by then, the base metal value will likely be at least close to the face value (if not in excess of it!), and most of the BU rolls should have been used up by then. This is the time period where it would be difficult (and more expensive) to compile an attractive set for 50/100-coin folders.



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Hollywood's Avatar
United States
1228 Posts
 Posted 10/21/2008  10:53 pm  Show Profile   Bookmark this reply Add Hollywood to your friends list Get a Link to this Reply
I think the silver ones will go up in value! like they have been,and hopefully the ms or gem brilliant uncirculated ones too.
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TreasHunt's Avatar
United States
2540 Posts
 Posted 10/22/2008  08:27 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
Long term prospects for the states quarters is not very good.

Buy Barber dimes, quarters & half dollars, now they should move.
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DNA's Avatar
United States
2734 Posts
 Posted 10/22/2008  8:39 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
You could say that Barber silver coins were the " State Quarters" of their time, in terms of contemporary collector (dis)interest.

Most of the Barbers stayed in circulation until their base metal value exceed their face value in the early 1960's, which is why most of the surviving Barbers are in AG or G condition. (in fact, I think this same basic thing will happen with State Quarters as well!)

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.

I don't think those tons of AG/G Barbers around are candidates for major price appreciation (they lack 'eye appeal', and most of the surviving coins are in this condition), but AU/MS Barbers are a whole other story. Collectors' 'mental pictures' of Barbers are as being in AG/G condition, so many of them are amazed when they see an MS Barber up close! It gives you a new appreciation of an under-appreciated series.

And if 60+ years from now, someone used to seeing only AG/G State Quarters that were pulled from circulation (just for their cupro-nickel metal value) saw, for their first time, a folder of 50 BU State Quarters, that would be a stunning sight for them!

The 'history' that repeats itself with State Quarters may be (basically) the history that's happened with the Barber series.

As far as Barbers go, I vote for either 'buy AU/MS' or 'buy AG at junk silver price', nothing in between!

Edited by DNA
10/22/2008 8:46 pm
Bedrock of the Community
United States
10284 Posts
 Posted 10/22/2008  9:07 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
While it might be fun to complete a set, there are Billions and Billions of these quarters floating around and they minted way too many. What would have been neat is if they continued with the regular Washington quarter and simultaneously minted State Quarters and mixed them in at maybe 10% of what was actually minted in State Quarters and shipped them out with a chance of getting a or couple few per roll and mint sewn bags if you were lucky or maybe not any at all.
It's just an idea but that would have gotten people really looking at coins rather than hoarding and speculating on these someday being worth anything big.
My Father-in-law collected so many that one drawer in the dining room buffet cannot be opened cause it is so heavy and full of them. I bet that this happened many places across the country and abroad.
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DNA's Avatar
United States
2734 Posts
 Posted 10/23/2008  6:25 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
What would have been neat is if they continued with the regular Washington quarter and simultaneously minted State Quarters and mixed them in at maybe 10% of what was actually minted in State Quarters...

Nice idea, but then just about ALL of the State Quarters would have been hoarded from circulation, quickly! (and even by 'serious' coin collectors!)

Quote:
I bet that this (kind of hoarding) happened many places across the country and abroad.

A drawer full of U.S. State Quarters in Mongolia or Albania would be very impressive!

It's gonna take 20-30 years for most of those hoards to be dissipated,
but most of those hoarded coins are 'average circulated' anyway and may as well be spent and worn out anyway! This is one thing I had in mind when saying that State Quarters won't be major collectibles 20-30 years from now...A lot of BU specimens may also be spent over the next 20-30 years as well (Collections passing from the original owners' hands, one way or another!).

Ironically, such a hoard might be more worthwhile 60 or so years from now, when I project that they'll be worth close to (or at, or better than) base metal value in face value. Then, they'll be a nice big pile of copper/nickel bullion!
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