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 Replies: 23 / Views: 2,824 |
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Pillar of the Community
United States
965 Posts |
Hi everynumismatist  I've been noticing lately that the percentage of state/territories/atb quarters in circulation is growing. Obvious right? Well, its gotten to the point where more than half of the quarters I find in change are State Quarters. I'm starting to wonder... do you think people see so many State Quarters in circulation that they don't even care anymore? Do you think people are developing a "tolerance" to commemorative coins. I hypothesize that there are just so many designs in circulation that people are starting to dump all their commemorative coins because they'll never be worth more than face value. Do you see this happening? Is this happening in other countries as well? |
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Pillar of the Community
United States
2543 Posts |
That is exactly it, people started collecting State Quarters thinking they were going to put them away for the kids or start a coin collection for fun and retirement. Then when the economy took a dive and the mintages on the quarters zoomed, people just took the rolls they had been hoarding and just spent them all. Edited by denco7
04/10/2013 6:17 pm
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Valued Member
United Kingdom
152 Posts |
RE worth more than face value I think that keeping pocket change re Commemorative issue from your pocket is a total waste of time as a investment. Over here in the UK The Royal Mint have issued so many " pound coins 1 pound coins and 50p coins just getting each one would add upto a tidy amount, that it would be better investing in a semi key date coin in high grade.Now you might only be collecting for collecting sake so its upto the collector. I myself search ebay for semi key world coins you just know when a certain coin or country is scarce. say you keep $100 worth of pocket change over 10 years it might gain 5% to 10% but the buying power of that $100 is only $60 yours michael |
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Bedrock of the Community
13014 Posts |
Its a lot like the bicentennial coins, people hoarded them thinking they had something special but the mintages are so high only the highest grades carry a premium. As people figure that out they spend them, or the needed the money and spent them. Plus 1998 was the last year of the Washington quarter so 15 years of new quarters would make them rather prevalent either way. |
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Pillar of the Community
 United States
965 Posts |
interesting ideas y'all. I was wondering if I was the only one noticing that no one was collecting the new State Quarters. I think I would agree though, the eagle reverse quarter hasn't been minted in a long time so that could also be influencing the percentage of newer coins in circulation. |
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Pillar of the Community
United States
2543 Posts |
Quote:
I was the only one noticing that no one was collecting the new state quarters It's not that no one is collecting them, It's that we all already have our full collection, and are just spending our roll hoards. I have 3 complete P-D sets and am working on a silver and clad and gold set. Not working very hard ...... but working on them. |
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Bedrock of the Community
United States
36724 Posts |
I'm finding many dated in the 1999-2002 range that are near MS condition. Guess some roll savers decided they weren't worth saving either.
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Pillar of the Community
United States
5206 Posts |
I was at one of my dump banks and the vault teller asked me about the State Quarters because someone came in and said that their father had died and had a roll of each of State Quarters and was cashing them in. The conversation actually started talking about coin tubes since all of the quarters were in tubes. I told her unfortunately they weren't worth anything as everyone hoarded them when they came out. One time she had 5 steel cents in her tray but wouldn't give them to me. I try to share a little numismatic knowledge with them so they don't cut me off dumping there. |
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Valued Member
United States
449 Posts |
the reason you see so many State Quarters is simple, there was 34 BILLION produced! and its been what like 16 years since the last non commemorative coin was made.... |
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Pillar of the Community
United Kingdom
548 Posts |
Yeah, those State Quarters are really easy to find. I lived in America for only 10 months and I was able to put together almost a complete collection during that time simply from pocket change. |
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Pillar of the Community
United States
7189 Posts |
I only collect the silver quarters and have since they came out back in 1992. With so many different reverse designs it becomes over kill in my opinion and circulating examples are just quarters not getting any real attention from the general public.
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Pillar of the Community
United States
965 Posts |
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and its been what like 16 years since the last non commemorative coin was made....  that made me laugh, but I guess its true isn't it, also 34 billion state quaters would be pretty hard to hoard even if everyone was. Quote:
With so many different reverse designs it becomes over kill in my opinion and circulating examples are just quarters not getting any real attention from the general public. That's kind of what I meant, it seems as if these "commemorative" quarters are so common that they've ceased being commemoratives, at least in the eyes of the public. |
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Bedrock of the Community
United States
11951 Posts |
I am one of the collectors that like the new quarters, 1999 to date. But agree, only BU, proof and silver proof. I do sell a couple set of State Quarters a year. For the ATB, park quarters I put a mint roll of each away, but don't Plan on selling any until the series is completed. Depending on if you have a good outlet, to sell coins, saving BU ATB Quarters, can be investment where you could make a little .... I would not count on a great amount, but better then what I make in my savings account.... Of course that is just my opinion. And I do have some outlets for selling coins. |
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Pillar of the Community
United States
1109 Posts |
I keep a set in BU and a set from circulated money, but that's it. I have no delusions of these becoming the next 1909-S VDB.
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Moderator
 Australia
16817 Posts |
The American quarter-dollar situation is rather unique in modern numismatics, in that they stopped issuing "normal" quarters in 1999 and neither restarted them or replaced the "old normal" with a "new normal" design (as happened with Jefferson nickels). I can't think of a situation like it occurring, where every single new coin put into circulation is "commemorative", not since Roman times. In most other countries where circulating commemoratives are fairly commonly encountered in change - such as Canada, Britain, the Eurozone and Australia - commemoratives are one-off issues, with the "normal" design returning the following year. Or, as is more commonly the case these days, commemoratives and "normals" both being issued in the same year. So there are always plenty of "normal" coins to replace the commemoratives as they get pulled from circulation, and the public perception remains that the commemoratives are somehow "special" and therefore potentially valuable. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
United States
34 Posts |
I had kept all 3200+ Statehood Quarters found in circulation through 2006 but could no longer afford to do so when budgets became tight. They had to be rolled up and spent. |
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Replies: 23 / Views: 2,824 |
Posted 04/10/2013 6:12 pm
