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Washington Eagle Reverse Quarters

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TheForce's Avatar
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4867 Posts
 Posted 08/07/2017  09:18 am Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
It's interesting that Washington Eagle Reverse Quarters are still very plentiful after 19 years of Statehoood/Territories and ATB Quarters.
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CollegeBarbers's Avatar
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 Posted 08/07/2017  09:52 am  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
I'd say it's because quarters have a relatively long lifespan compared to other coins like Zincolns, the Mint made billions of them, and they are probably the most used circulating coins, so they change hands frequently. In contrast, as a cashier, I can say that pre-2015 ATB Quarters are not very common in circulation.
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Earle42's Avatar
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10034 Posts
 Posted 08/07/2017  12:15 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Putting the number one billion in perspective helps understand how the many billions of these made can still be found.

You probably cannot count to one billion in your lifetime. One billion seconds is 33 1/3 years, and most people don't have the time in life to set all other things aside in life to try.

One billion minutes ago was the time of Jesus Christ.

There were 1,819,717,540 quarters made in 1965. They each are .068 inches thick.

Stacking them on edge would give a stack 123740792.72 inches or 1852.98 miles high.

With a width of .995 inches, the 1965 quarters laid side by side would cover 27,427.88 miles. The earth's circumference at the equator is only about 24,874 miles according to google.

And that's just from 1965. Granted, that was a high mintage year also.



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Edited by Earle42
08/07/2017 12:15 pm
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TheForce's Avatar
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 Posted 08/07/2017  12:31 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Wasn't the high mintages in 1965 due to the switch from silver to clad?
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cladking's Avatar
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2270 Posts
 Posted 08/07/2017  1:07 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
With a width of .995 inches, the 1965 quarters laid side by side would cover 27,427.88 miles. The earth's circumference at the equator is only about 24,874 miles according to google.

Stacking them on edge would give a stack 123740792.72 inches or 1852.98 miles high.


Assuming your math is otherwise correct, I believe it's interesting that these coins are almost all worn down to VG or lower condition now days. Well, the 47% of them that actually survive today in any condition are almost all heavily worn.

This will have a dramatic impact on how high they stack. It would be only about 41% of how high they stacked when they were new. It's also far more difficult to stack heavily worn coins because both sides become increasingly convex so they tend to topple. When new you might have been able to stack 60 or 70 but it's harder now.

The length of then side by side isn't decreased significantly except that there are so "few" left.

I suspect the government is finally removing heavily worn coins because the incidence of these older quarters has been plummeting for the last three years or so.

Time don't fly, it bounds and leaps.
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cladking's Avatar
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 Posted 08/07/2017  1:12 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
Wasn't the high mintages in 1965 due to the switch from silver to clad?


Yes. The government maintained the fiction that coin collectors caused the coin shortage when actually it was government announcements that they were running out of silver that caused the general public to hoard silver coins.

This is proven by the drop in production for pennies and nickels in '65 and the huge mintages for dimes and quarters right up till 1968. By mid-1968 even the government had begun removing silver from circulation without ever announcing it.

They simply replaced all the silver coin in circulation and tried to recover as many of these coins as they could.
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Finn235's Avatar
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6130 Posts
 Posted 08/07/2017  2:03 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I am beginning to doubt that the "modern" obsolete designs (introduced after 1958 and retired before 2010) will *ever* fetch more than face value for average circulated specimens. There are too many, the collector base is dwindling too rapidly, and the growth potential is nowhere close to the inflation rate.

Specific to quarters, the eagle reverses probably are not being hoarded because quartets are non-inconsequential coins. A $10 roll is a decent bit of money to put aside, and they are universally accepted for emergencies- vending machines, phone booths, car air pumps etc. My mom is the "hoard everything different" type, but even she lost steam on quarters by about 2003.
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mtuma3's Avatar
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743 Posts
 Posted 08/07/2017  3:09 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
I still get a lot of them in change, but they are pretty much beat up...
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jbuck's Avatar
United States
187702 Posts
 Posted 08/07/2017  3:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Interesting discussion.

I certainly see more classic reverse (-1998) quarters in my change, but the percentage of ATB and Statehood/Territorial/DC quarters has definitely been increasing over time.
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AlbumAccumulator's Avatar
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649 Posts
 Posted 08/07/2017  7:49 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
When I receive quarters the majority are still eagle reverse. They are dogged out and look terrible. I wonder at what point will these be pulled from circulation. They are getting rather thin.
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cladking's Avatar
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2270 Posts
 Posted 08/07/2017  11:55 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
This will vary only a little by federal reserve district but in the Chicago district only 41% of the circulating quarters were made before 1999. This number is dropping much faster than I predicted. I believe it's because quarter velocity is slowing further and people are losing more coins. There is apparently some limited collection formation of these considering nice examples are disappearing prefentially to typical examples.

I haven't seen a nice AU of any date in over a year. Old VF's are getting very infrequent.
Time don't fly, it bounds and leaps.
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