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 Replies: 25 / Views: 5,496 |
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Pillar of the Community
United States
649 Posts |
What are everyone's thoughts on the collectability of clad eagle quarters? I was thinking of this today while looking at my change from lunch. I'm seeing less of these in circulation and the ones I'm finding are pretty worn (for clad).
There are some factors that play against this set such as high mintage, clad composition & availability of mint sets.
I like the look of these coins (not the late 90s) especially the earlier ones with higher relief and great luster (when you come across those). Edited by AlbumAccumulator
06/13/2014 3:37 pm
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Pillar of the Community
 United States
649 Posts |
On a related note..... I have found over $40 in these quarters while metal detecting this year alone. There have also been many other coins as well, just using the quarters as example. All of these have been found in a 3 square mile area which maybe I've searched 5% of the parks I'm allowed to go. I still have the other 95% of the parks/schools to hunt and this land may be 1% of the 3 miles with the other 99% being private property. These coins come out of the ground toasted and are no longer anything more than change. If all things are equal, there is a ton of clad coinage in the ground that is lost to collectors. </end crazy talk>
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Pillar of the Community
United States
1959 Posts |
Quote:
I like the look of these coins (not the late 90s) especially the earlier ones with higher relief and great luster (when you come across those). I agree. I have a Dansco set going. They are fun to collect. The earlier coins are much nicer to look at with the higher relief. I don't suspect the collection will be worth more than I have in it in my lifetime, but I don't mind. |
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Pillar of the Community
United States
2270 Posts |
As long as people believe they are common they won't collect them.
They aren't common except poor strikes and heavily worn coins and even these are going the way of the horse and buggy. 55% of the mintage of 1965's are lost or destroyed and 99% of the survivors are beat up and worn out.
Over the next several years the number of eagle reverse quarters in circulation will start dropping pretty fast with higher mintages spurred by an improving economy. The old quarters are getting pretty thin in some cases and if the FED starts removing worn coins this percentage might drop even faster.
The number of nice coins available won't change much but if the perception changes and people start collecting them they'll find there were never very many start with and even the mint sets are used up now days.
It's a strange situation but like everything it is almost 100% dependent on perspective and perceptions. The reality is usually different than the perception.
Time don't fly, it bounds and leaps.
Edited by cladking
06/13/2014 5:33 pm
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Pillar of the Community
United States
2270 Posts |
I sure wasn't trying to kill the thread.  I like all circulating coins and coins that have circulated and my favorite are US, especially moderns. But of the US circulating moderns I've always considered quarters to be the "sweet spot". This is due to several reasons and chief among them is that there are various scarcities that make the set challenging. These scarcities are varieties and grades. This doesn't just mean Gem or chUnc but even in nice well made VF a coin like a '69-P is tough and it's going to get tougher every year. What makes quarters best in my book is that Gems are scarce enough to be challenging but not so rare as the Ikes and nickels which can be virtually impossible. Another thing that makes them desirable is they've been the most ignored of all moderns (except, possibly, dimes). People just never saved them when they were new and they still don't save them now. You can find rolls of 1974 half dollars but you won't find quarter rolls. Another thing that makes them so desirable is that states coins, bicentennials and all the other commems draw a lot of public attention to them. Right now people are so busy looking for that Philly WY or whatever that they don't even notice a beautiful 1973-D. As time goes by the percentage of the old quarters is going to drop and there will be a perception that they are getting scarce. Finding choice examples still isn't very difficult. While the mint sets have had a huge attrition this attrition is caused by their very low price and this low price still exists! I get a lot of enjoyment from my humble "from circulation" set. These are coins I've plucked out of pocket change for about 17 years now. Whenever I can upgrade then I upgrade so most of these are now chXF and better now. It's a beautiful set. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
1300 Posts |
I put a complete set together from 1932-1998 all but page one are AU/BU coins from 1965-1998 I used mint set coins for the dansco. I personally love this book. And it was incredibly fun to put together. When I choose my 1932S coin I will do a photospread of the book. I think a collection of the (clad coins) is neccesary when assembling a complete collection of US coinage its a part of our history, |
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Valued Member
United States
269 Posts |
I got all the clads from circulation and now I'm beginning to replace the circulated ones with mint set examples. They are beautiful when in mint state. I have a 68, 69, 71, 72, and 84 mint set coming this week and will be adding the quarters to my set.
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Pillar of the Community
United States
1300 Posts |
,iontyre!! Awesome very fun set!
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Pillar of the Community
United States
2270 Posts |
I guess this is my 1000th post and there's no more appropriate thread for it anyway...
Eventually these coins are going to be recalled and melted. It's quite possible that the scarcities will still be among them at that time.
But I'm guessing these coins will be waking up over the next several years as a whole new generation of coin collectors spurred by the states coins begin noticing them. The scarcities will disappear in only about three years once the series wakes up.
Time don't fly, it bounds and leaps.
Edited by cladking
06/17/2014 4:37 pm
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Pillar of the Community
United States
649 Posts |
Congrats on your 1000th post cladking!
What do you think will cause these to be recalled?
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Pillar of the Community
United States
1272 Posts |
"Eventually these coins are going to be recalled and melted. It's quite possible that the scarcities will still be among them at that time. "
Interesting, please explain your theory on this.
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Pillar of the Community
United States
931 Posts |
I love the beautiful Silver Washingtons, and I agree that the first several years of clad quarters were still beautiful coins when mint. The new Silver Proof Quarters are beautiful IMHO. I think that a Dansco from 32-73 or so would be a dream set to me, and I think the mid to late 60's hold their own if really in high grade.
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Pillar of the Community
United States
2270 Posts |
Governments have always created inflation because they can use the deterioration of the currency to fund their pet projects and boondoggles. This used to take the form of debasing silver coins on a regular basis. Recalling silver was a waste of time because people knew their 1 ounce Peso would be converted into a half ounce Peso and they'd be out half an ounce of silver. But with high mintage modern coins people have no real reason to hang onto them. If they don't turn in their aluminum peso for 10 New Centavos they'll be out 10c so they trade them in. The government collects thousands of ton of metal and sells it for scrap. There used to be a freightor that sailed continuously from South American ports to Japan. It would bring new Toyotas for Bogota and sail back to Japan full of coins to make more cars and refrigerators. This has been going on since about 1950 with modern coins. Mintages are huge and attrition is staggering. It is quite likely to happen to US coins as well. The 1965 quarter is worth about 3c now and even if inflation doesn't pick up probably won't be worth more than .3c by 2050. But the many tons of quarters in circulation will have substantial value and be easy to collect and sell. Fortunately numismatic coins don't derive their value from metallic value. Collectors are far more concerned with history, aestetics, and importance than with the value of the aluminum, silver, or gold in the coin. Clad quarters span one of the most important eras of human history from manned space flight to the creation of the internet. They are extremely attractive coins when well made and evenly worn though this is hardly tyical for them. I believe they have a lot going for them not only in the short term but the long term as well. I hope collectors remove the scarcities before they are worn out or destroyed but que sera, sera. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2270 Posts |
...And thanks for the congratulations.
I'm very proud to have been allowed to make 1000 posts. (or 1002 for that matter)
Time don't fly, it bounds and leaps.
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Valued Member
United States
76 Posts |
I've been coin roll hunting with my kids for the last couple of months, and I've been pulling out the low mintage late 60s and early 70s quarters. I don't know if they're going to be valuable one day or not....
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Pillar of the Community
United States
2270 Posts |
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I've been coin roll hunting with my kids for the last couple of months, and I've been pulling out the low mintage late 60s and early 70s quarters. I don't know if they're going to be valuable one day or not.... It sounds like a lot of fun. I doubt the typical coins will have much value because they'll still be available for a long time. While there aren't many per roll that are alot of rolls out there. But the nice choice well made coins in nice F or better are disappearing faster and faster as coins are lost and the survivors continue to wear or suffer catastrophic events like being buried in the ground or exposed to sharp surfaces on coin rolling machines. Of course these should be checked for rare varieties like type "b" reverses since these are of interest even in poor condition. Nice collections can still be formed from pocket change and as long as this is true the series has a lot going for it. Even if everything gets worn done to G and VG it will still be challenging to put together attractive sets in nice VG/ F. It's an inexpensive set that's about perfect for collectors to get their feet wet in the hobby. It really offers about everything with 50 years and four distinct series and the bicentennial coins in it. A lot can be learned from a collection of these. I don't think it would be too tough to put together a nice VF+ set in a couple years with a few varieties. Some of the XF's are getting very very tough. I don't know why but the '73 is one that seems to usually be a fright. The '69 is seldom seen but nice examples appear once in a while. Time don't fly, it bounds and leaps.
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Replies: 25 / Views: 5,496 |
Posted 06/13/2014 4:08 pm
