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 Replies: 44 / Views: 7,822 |
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Valued Member
United States
172 Posts |
I know this question must have been answered at least once on this forum, so pardon my laziness, but: What's the reason for the S mint business strike NIFC America the Beautiful Quarters?  Just a way to chisel a little bit more $$$ out of collectors? I bought a bag of the Everglades ones late last year direct from the Mint, and they are really pretty, but..... why? And I assume they don't show up in the annual mint sets, since they are the only MS coins coming out of SF, and they won't show up in proof sets because, well.... they ain't proofs. So is this going to create some sort of condition shortage in the future? We've all seen how this can happen inadvertently several times in the last 25 years. Thanks for any insights you all may have   Kevin. |
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Valued Member
 United States
172 Posts |
I also just noticed that the Mint also sells "3 quarter" sets for each individual issue, which is the only other way to get these coins, right?
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Pillar of the Community
United States
7618 Posts |
It is just another way for the mint to make more money.
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Pillar of the Community
United States
656 Posts |
I believe the 3 coin sets have the S mint clad proof, not the S mint business strikes. The only way I'm aware of getting these are through bags or roll from the mint or on the secondary market from others that purchased from the mint.
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Bedrock of the Community
United States
17884 Posts |
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Just a way to chisel a little bit more $$$ out of collectors? BINGO! |
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Pillar of the Community
Germany
992 Posts |
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Just a way to chisel a little bit more $$$ out of collectors? Yes. It's ''desperately'' needed since the Mint lost a lot of revenue/seignorage from reducing the mintage of One Dollar coins (President & Native). Edited by redlock
01/26/2015 03:53 am
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New Member
United States
37 Posts |
So, will the Dansco albums offer pages for these new S mint BU quarters?
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Pillar of the Community
United States
2543 Posts |
Everyone always says that the ATB's are just "spendables." With mintages now into the hundreds of millions, they are just kid collectibles. So the mint comes up with a way to make them them relevant again as a collectible by coming up with a " hard to get " very low mintage versions for collectors, and everyone says money grab? Why doe the mint even bother ?  Edited by denco7
01/26/2015 10:42 am
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Moderator
 United States
188213 Posts |
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I also just noticed that the Mint also sells "3 quarter" sets for each individual issue, which is the only other way to get these coins, right? As stated above, the three coin set has a proof S-mint quarter. Quote:
So, will the Dansco albums offer pages for these new S mint BU quarters? Doubtful. Exhibit A: The MIA updated 7070. Quote:Everyone always says that the ATB's are just "spendables." With mintages now into the hundreds of millions, they are just kid collectibles. So the mint comes up with a way to make them them relevant again as a collectible by coming up with a " hard to get " very low mintage versions for collectors, and everyone says money grab? Yeah, seems that no one is ever happy.  If you do not like it, do not collect it.  |
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Pillar of the Community
United States
2734 Posts |
The "S" ATB Quarters are low mintage, a bit higher-grade on average than the true business-strike P and D coins, and they cost the same as P/D Quarters when bought in Mint Bags/Rolls. So, if you're paying a premium for a Mint roll, why not get the low-mintage NIFC variety? |
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Pillar of the Community
United States
3755 Posts |
They did them as a celebration of the 75th anniversary of the current SF mint. They were popular so they continued to do them.
And I love all the criticisms because the mint is offering a wide variety of products. I was unaware that a business offering a wide variety of products was a bad thing. Guess we need to rethink business models eh?
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Moderator
United States
188213 Posts |
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And I love all the criticisms because the mint is offering a wide variety of products. I was unaware that a business offering a wide variety of products was a bad thing. Guess we need to rethink business models eh? Nailed it.  I like the variety. I like that the mint is profitable. I also realize that I do not have to buy every single thing the mint produces. |
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Bedrock of the Community
United States
11951 Posts |
I also agree ..that smoke rider Don nailed it. I never understood why some collectors are so negative ... even have hatred for the new (1999 and up) quarter program. As Jbuck said ..l if you don't like them ...don't collect them. As for the "S" mint quarters, they are in no other sets, only way to get them from the mint is to buy them in bags or rolls. So your not forced to buy them in any other set. To me ... why would a collector not want to purchase a coin that is of lower mintage and better quality. Whether or not some want to admit it, or not, the current quarter programs are widely collected and will be in the future. Some collector like the idea of having the different design. The Washington quarter series was not collected anywhere near the level they are since the State Quarter program started. The program even caused the 1932 - 1998 quarters to be collected by more people. Lastly look at the numbers. The "S" mint business strikes have somewhat low mintages, so far little over a million each. "But" ....these coins were sold in groups of 40 to 100 coins. So many collectors are in control of at least that many. What I am saying is ...it is not like there are a million coins out there being traded. They are locked in bigger numbers, in a lot of individual collections. Edit .... Just to be clear ... Do not look at what these coins are now ... Look at what they will be 20+ years in the future. Edited by GR58
01/27/2015 12:11 pm
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Valued Member
United States
172 Posts |
I think I may have been misunderstood, and I am sure that's my fault.
I LOVE the S-mint ATBs! I got two 100-coin bags of the Everglades for my daughter and me for Christmas. They are beautiful and just about the best struck circulation strike coins I have seen.
I was just wondering why the mint was selling them for THE SAME COST as the much more common P&D business strikes. So in effect when I "accused" the mint of "chiseling" collectors, I was more interested in why the P&D coins were not much cheaper!
In the end, the S-mint bags seem like an almost risk-free investment play for the medium term for these reasons.
Thanks to everyone for their insights.
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Moderator
United States
188213 Posts |
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As for the "S" mint quarters, they are in no other sets, only way to get them from the mint is to buy them in bags or rolls. So your not forced to buy them in any other set. True. Although I wish they were available with the other quarter sets. While they are readily available singly at the coin shows, I do have you to thank for some of the ones I have. Quote:The Washington quarter series was not collected anywhere near the level they are since the State Quarter program started. The program even caused the 1932 - 1998 quarters to be collected by more people. This is true, just look at the current prices for the 1932-D and 1932-S quarters. I bought them in 1997 and the pair cost me less than $75.  |
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Bedrock of the Community
United States
17884 Posts |
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So the mint comes up with a way to make them them relevant again as a collectible by coming up with a " hard to get " very low mintage versions for collectors, and everyone says money grab? Because those low mintage coins weren't released into circulation so you could have a chance of finding something good in change, they were only available by buying them from the mint for a premium price ie: just a money grab from the collectors. Quote:
I was unaware that a business offering a wide variety of products was a bad thing. You don't eat "fast" food do you. Their menus are exploding and at the same time quality is declining, wait times are increasing, inventory is growing, and in a lot of cases profitability is declining. I've seen chains that went out of business because people couldn't get their orders before their lunch hours ended because their menus had expanded too much. I first started going to Wendy's back when all they had were singles, doubles, triples, chili, fries, frosties and soft drinks. Pull into the drive through order go to the window and have your order in 30 seconds. It was hot and delicious. Now there are 138 items on their menu it takes several minutes to get your order, even if you are the only car in line and you get a lukewarm dried out burger that is frankly not enjoyable at all. I haven't had a hot sandwich from Wendy's in years. Every week they are adding something "NEW!". McDonalds has over 100 items on their menu and they are suffering too. The crazy thing is probably 80% or more of their profits come from 10% of their menu. It used to be that each had their niche, something that each one did and they did it very very well. Now they all try to do everything and on one does anything well. |
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Replies: 44 / Views: 7,822 |
Posted 01/24/2015 1:33 pm
