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Is It Worth Collecting Statehood Quarters?

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donkrx's Avatar
United States
227 Posts
 Posted 06/16/2012  5:08 pm Show Profile   Bookmark this topic Add donkrx to your friends list Get a Link to this Message Number of Subscribers
Seems like people really don't like them... why? I'm trying to figure out what I need to know about these coins before getting involved with them. I was considering a set in MS66 (just from one mint), but I don't really want to put all that money into something that collectors would never want. I heard BU sets selling for just over face value yet I see a lot of graded coins in MS66 or MS67 selling for a lot more than that from dealers. So which is it....

And with the Satin Finish, what do you guys feel about those?
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magicalmke's Avatar
United States
123 Posts
 Posted 06/16/2012  5:20 pm  Show Profile   Bookmark this reply Add magicalmke to your friends list Get a Link to this Reply
There are a lot of these produced. Some will disagree but I think the best investment bet for this is to go with high ms or pf70. If demand for TPG high grades continue these may be the only items with rarity from the set. Me personally, I bought a dansco album and am filling it from pocket change. It's a beautiful set, just not rare.
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 Posted 06/16/2012  5:27 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
They aren't a good investment............
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KenRingold's Avatar
United States
594 Posts
 Posted 06/16/2012  5:28 pm  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply
If you are going to collect these just as an investment, go for the silver. Otherwise, in my opinion, these I don't see taking off in price anywhere. I collected this set from circulation and only purchased a few over face value to complete this set. It was a fun one. Now the National Parks quarters, I'll pass.
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Buddy's Avatar
United States
7075 Posts
 Posted 06/16/2012  5:32 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
There is a big difference between collecting coins and investing in coins.
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donkrx's Avatar
United States
227 Posts
 Posted 06/16/2012  5:59 pm  Show Profile   Bookmark this reply Add donkrx to your friends list Get a Link to this Reply
Are you talking about the silver proof sets for these? If you're talking about silver bullion coins I'm not interested in that.

I am not buying or collecting any coins just for investment purposes, I'm somewhere in between. I'm mostly collecting things that I like but I want to try to make wise purchases if possible. Admittedly though things could change in 25 years so I guess it doesn't matter that much.

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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 06/16/2012  6:12 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
I got a date-set album and am filling it with the silver proofs only. I wanted to have all the designs in hand to look at, but didn't want to collect four of every state (six in the satin finish years) for something that is so widely hoarded by the roll and so widely collected by everybody and their grandma. A few of the silver proof years are relatively lower mintage though, so they might have some degree of scarcity in the future.
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sralloway's Avatar
United States
97 Posts
 Posted 06/16/2012  11:01 pm  Show Profile   Bookmark this reply Add sralloway to your friends list Get a Link to this Reply
I have two complete mint sets plus clad proofs... they're for my nephews - ages 9 and 6. It's a long-term thing. I'm looking at 40 year plus on this. Costs them nothing and me a bit of cash otherwise spent on sour mash and cigarettes. We'll see the difference in 2052. By then, I'll be pushing up daisies.
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wulffy11's Avatar
United States
543 Posts
 Posted 06/16/2012  11:09 pm  Show Profile   Bookmark this reply Add wulffy11 to your friends list Get a Link to this Reply
I am starting to prefer collecting Washington quarters over the State ones because I feel the 1965-1998 quarters are dwindling from circulation. It seems you now get half of the Washingtons and half State Quarters now in circulation. I'm thinking the Washingtons are going to soon pay off in high grades.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 06/17/2012  12:24 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply

Quote:
I am starting to prefer collecting Washington quarters over the State ones


State Quarters ARE Washington quarters with a distinctly different design for each state on the reverse. Ditto for the National Parks issues, Washington on the obverse a different national park on the reverse.

Ed
ANA LM-3175
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 06/17/2012  12:39 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
The regular Washington quarters are no less there. Its that there are more of the State and ATBs each year. And the more the economy sucks, the more rolls of State Quarters will be released.

As for collecting them, of course it is worth it, IF you like the coins. THAT is the only determining factor. What do YOU want? You like em, you collect em. Simple.
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Bizybackson's Avatar
United States
1817 Posts
 Posted 06/17/2012  01:56 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
If you like them, just collect from circulation, otherwise buy graded examples in MS67 and higher. There were 100's of millions made of each of the designs, so they'll never be rare. If you truly are in-between collecting and investing in US coins, bypass the State Quarters entirely, and work on a 19th and 20th Century type coin set in XF-AU-MS grades, such as found in a Dansco 7070 album. Much more rewarding and satisfying than chasing after common State Quarters.
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CelticKnot's Avatar
United States
12813 Posts
 Posted 06/17/2012  02:05 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
It's worth it to me.

Therefore, I collect.
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donkrx's Avatar
United States
227 Posts
 Posted 06/17/2012  03:42 am  Show Profile   Bookmark this reply Add donkrx to your friends list Get a Link to this Reply

Quote:
If you like them, just collect from circulation, otherwise buy graded examples in MS67 and higher. There were 100's of millions made of each of the designs, so they'll never be rare. If you truly are in-between collecting and investing in US coins, bypass the State Quarters entirely, and work on a 19th and 20th Century type coin set in XF-AU-MS grades, such as found in a Dansco 7070 album. Much more rewarding and satisfying than chasing after common State Quarters.


That's the majority of my interest, i.e. 19th and 20th century type coins, and I'm buying the highest grades I can for each (not for investment reasons I just want full detail). I was just kinda thinking about something more modern to collect too and figured I could get the whole set of the 50 State Quarters for a reasonable amount of money. If I do go for State Quarters its definitely going to be the silver proof set and nothing else.... not only do I think silver coins look much better but I have no proof coins currently. Also I think these would have more value in the future because they're silver and the mintages are lower.

When I say I'm in between collector and investor I basically mean I'm trying to avoid buying something that is likely to lose value. Honestly though how many coins lose value after 30 years? At the same time I do not expect to make significant money by owning these coins. I'm not gonna try flipping coins or doing anything like that either. However, if I somehow determined through reading and research that a coin was underrated in general, I would certainly try to get it even if I didn't "need" it.

It's somewhat a way of justifying the cost of the coins, as well somewhat a means of avoiding impulse buys.
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ram96's Avatar
United States
417 Posts
 Posted 06/17/2012  08:11 am  Show Profile   Bookmark this reply Add ram96 to your friends list Get a Link to this Reply
Working on 4th set from circulation. Grand kids will each have one when I am done. Might be worth something when they get to be my age.
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 Posted 06/17/2012  08:40 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
It's true that they will probably never be worth a great deal more than what someone pays for them. By that I mean a Quarter is always still a Quarter. As to not being popular or not liking them, look around.

Quote:
Seems like people really don't like them... why?

There are a pile of companiese making all sorts of Folders and Albums just for those. They well know kids like them enough to save them. Some use them as an educational tool for kids too.
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