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 Replies: 17 / Views: 2,983 |
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Pillar of the Community
United States
2077 Posts |
I'm trying to wrap my head around the markups that the mint charges for rolls. I can see some premium for the three roll set as going to banks in three different states would be expensive otherwise. But for the single rolls, how would buying them be different than going to the bank and asking for a roll of new quarters at face value. Also, I noticed that there are now S mint rolls. Are these proofs, or is San Francisco minting circulation coins for 2013?
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Pillar of the Community
United States
592 Posts |
The San Francisco ones are Non-Circulating Circulation-Quality Strikes.
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Rest in Peace
United States
4078 Posts |
The banks in my area do not have any of the new ATB coins. Edited by bpoc1
06/14/2013 3:15 pm
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Pillar of the Community
United States
764 Posts |
It's quite simple: People buy them at that price so the mint continues to sell them at that price.
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Pillar of the Community
United States
1817 Posts |
There are no 'new rolls' of quarters issued to the banks by Federal Reserve unlike with the State Quarters. All new ATB Quarters are mixed in with old quarters. |
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Pillar of the Community
 United States
2077 Posts |
Ah, that explains the premium. Mint is now a business. Whatever it takes to keep them afloat. BTW, picked up five rolls of circulated quarters today to fill holes in my circulated state folders. I figured half would be eagle reverse. Oddly enough exactly half were. Of the rest, 3 were ATB and one was a territory. |
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Pillar of the Community
United States
959 Posts |
Quote:
Mint is now a business It always has been; the premiums just keep going up. I just noticed the (3) roll ATB sets, which have been $46,95, are now marked "TBD" for the Ft McHenry sets due out in August. I guess a $16.95 premium isn't enough! |
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Bedrock of the Community
United States
17884 Posts |
Quote:There are no 'new rolls' of quarters issued to the banks by Federal Reserve unlike with the State Quarters. All new ATB Quarters are mixed in with old quarters. No it is possible to get new rolls, you just can't depend on it. The banks can't request new rolls like they could with the State Quarters, but sometimes they will receive them if they request quarters and new ATB's happen to be all the Fed has on hand at the moment |
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Valued Member
85 Posts |
If someone is concerned with too high a premium on the 2 40-coin rolls, why doesn't that person choose instead to buy the 100 coin bag. The former works out to .41 per coin and the latter .35 per coin.
To me the math makes my point.
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Pillar of the Community
United States
2734 Posts |
The Mint was selling premium-priced Mint-wrapper State Quarter and Presidential dollar rolls/bags back when banks could order those as commemoratives (and you could get them for face value, P or D depending on your locality). If anything, the Mint-packaged Quarters make more sense with the current distribution system ( ATB Quarters simply aren't filtering through to circulation in many parts of the country), and bags/rolls are the only means by which the Mint distributes the NIFC circulation-finish "S" Quarters. |
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Pillar of the Community
 United States
2448 Posts |
I buy mint rolls because the ATBs are not in circulation in sufficient numbers to get quality coins. Since the series started, I have maybe 20 coins that were worthy of keeping.  I've found it's the only way to get truly uncirculated coins.  |
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Pillar of the Community
United States
2077 Posts |
Duh, can't believe I finally got this. The S rolls are kinda' scarce. RedBook lists the value of each coin as $2, making the value $80. That seems a bit high, but I assume they are selling at a premium right now. From what I've been reading, mintage is considerably lower than the other two mints. However, considering that nearly every P and D is put in circulation, will the S still be scarcer in uncirculated grades than P or D? Is it possible that these may eventually have have a small (or no) premium over the others? |
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Pillar of the Community
United States
2764 Posts |
There is a high probability that the S-mint coins have more high-grade coins than D/P mint coins. S-mint coins still command a premium over their issue price. However the overall picture will be like the 1931-S of the LWC series or the 1950-D of the Jefferson nickel series. |
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Pillar of the Community
United States
2077 Posts |
I'm not sure that a 1931-S cent or 1950-D nickel is a proper comparison. Yes, they had low mintage, but nearly all were put into circulation. This greatly reduced both the condition and number of surviving examples. In 75 years, a vast majority of the S mint ATBs will exist and be in uncirculated condition. I think the only thing that will reduce the number surviving is unintentional spending by uninformed heirs.
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Pillar of the Community
United States
2764 Posts |
You may be right on some of the point.... What I am trying to say is that there are many more 1931-S LWC and 1950-D nickels are being saved (in tubes/rolls), compare to other regular issued LWC and nickels. Similarly, many people are saving up ATB Quarters (when they see them in changes), compare to State Quarters; however, the saving rate for S-mint ATB Quarters is a lot higher than the standard/regular ATB Quarters. You have to remember that all S-mints coins are issued in rolls and bags, there are some collectors collecting rolls/bags; however, the majority of collectors are building albums/getting individual coins. Which mean all those rolls and bags MUST be open. We probably will never know how many of those rolls/bags are/will be broken up though.... As more being broken up and spread among the collectors community as well as some being put into circulation.... it will be a lot longer for the mass/public to be aware and caught on. Now, if there's a major breaking news regarding some "error" found in some rolls or bag that attract the media & national attention, we will see a major boost in demand..... Time Will Tell.... |
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Pillar of the Community
United States
2734 Posts |
1931-S LWC's and 1950-D Nickels were saved in considerable quantities even when new, and have continued to be ever since. NGC NumisMedia, Nickels in MS67: 1950-D = $162.60 1952-D = $162.50 1953-S = $593.75  (wait, it gets better) 1964-D = $810.00 1966 = $1060.00 1970-D = $910.00 1979-D = $400.00 The percentage of BU examples that were saved when new is what determines the MS67 prices today. |
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Replies: 17 / Views: 2,983 |
Posted 06/14/2013 3:13 pm
