Is this an investment?
if that's the idea, then I would buy a few rolls of Delaware
State Quarters.
Why?.... It has the lowest mintage figures of the whole program, and with that in mind people have been breaking open rolls and sets like kids with candy.
The price for a single quarter in MS67 + has shot through the roof,causing even more mayhem to the point of there now being so few rolls left,there's only one way for these to go.
Now,here's a thing.........
People can't get to grips with rolls and are so under informed of what a roll is and where it comes from, that certain rolls are left sitting on a shelf.
The US mint does NOT wrap rolls! A roll wrapped in the orange and black paper with "mint roll" splattered all over it is absolutely the same as a bank wrapped roll.
All the coins are shipped from the mint in $1000 bags and often bigger to the tune of x 10.
The company contracted to deliver to the banks then wrap these.Banks that can afford wrapping machines will get the said $1000 bags and do their own wrapping.
Having said all that, the first half dozen
State Quarters released,never actually came in "mint rolls", perhaps there was no official contractor at the start.
So which rolls? There are some that are snapped up by places, that then wrap independently with their own wrapper and stuff them in nice boxes with a little bit of blurb on the state and some facts.
These are often treated with a lot more respect than the contractors or banks give them.
Chances are, you'll get a better coin inside and that's what people hope for when they break them open.
Currently channeling out at around $30 a roll, you can hedge a bet that these will reach triple that within a year.
Jump the gun?... I'm guessing Oklahoma next!
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Posted 10/01/2011 11:58 pm
