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2019-W Quarters, Keep Or Sell?

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catskillcoin's Avatar
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 Posted 08/31/2019  10:52 pm Show Profile   Bookmark this topic Add catskillcoin to your friends list Get a Link to this Message Number of Subscribers
bought $1000 worth of quarters today to search for silver and remembered to keep an eye out for West Point quarters. so far found 2 of the War in the Pacific quarters. I am sure they sold higher on ebay a month ago, but now see about $10 for one And the San Antonio are going close to $40 right now. Question is, do I sell right away or do you think they will go up in value over time? Opinions?
2019-W-Quarters,-Keep-Or-Sell?
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John1's Avatar
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 Posted 09/01/2019  04:22 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I can't see into the future,but if it was me I would keep them both. If you need to sell,sell one and keep the better of the two.
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Big-Kingdom's Avatar
United States
1667 Posts
 Posted 09/01/2019  10:12 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
My opinion. These West Point mint mark quarters ungraded,raw all wind up between $10-$15 sell price so far. The newest released design does well for the first week or two and stays up above $20 for a bit longer but the best time to sell is finding the newest design as early as possible and sell it quick.

I see these all selling raw and ungraded, eventually being between $5-$10 each. Maybe a bit higher but I think as time gos on it will go lower.

Now graded. I'm seeing about $20-25 for MS64, $30-35 for MS65, $40-45 for MS66. My opinion it it isn't worth the grading unless you are pretty confident you will get at least a MS67 result back. After the fees and shipping/handling you are looking at about a $40 cost (could be cheaper if you submit more at once to spread the shipping out of course). Thinking like this, says grading hoping for a higher return when you sell isn't going to work if it results in a MS66 or below, in the short term or long term. As more get graded and sold, these prices will likely go lower.

The bright side. You found them in rolls of coins. Your cost is $0.25. If you sell them raw for $10-$15 it's good profit on a per coin basis no reason to give money to grading companies to maybe make your profit lower right?

Keep them or sell them if you need to. It's up to you. I just wouldn't spend the money on grading unless I'm sure it would come back MS67 or better. The description of a MS67 level coin is pretty clear and different enough from a MS66 that it should be clear if you evaluate it right whether or not it makes that MS67 cutoff, the way the graders would.

I really don't see the raw ungraded coins going up in value and I dont see the average grade MS65 or MS66 getting more valuable either. Grade is king, decent money is on MS67 and great money is on MS68. This could change if MS69s stsrt turning up graded though. If it qualifies I'd say give it a shot and get it graded. If it won't, due to a couple scratches or something I'd say sell them raw and don't just give money to the graders you may not he able to recover.

Even if in a year or two the raw ones go to $5.00 you are still winning because you are only $0.25 out of pocket.

I sincerely hope this helps you to figure out what you want to do. Grading could get you more money but its really grade dependant. I think it has to make sense to bother trying it. You can sell the easy for about $10 each or so on ebay. If you took them to your local coin shop, it's likely they will pay you $5 or less each.

What am I doing? I'm sitting on about 50 of them now I've got 3 candidates for MS67 or better out of them and I'm still on the fence about getting them graded. I'm not selling yet even though I feel it's likely the sell price goes down over time. In the end they cost me $0.25 each. It would be good profit if I sold them now at $10 each, but I still won't be getting rich doing it so I figure I'm just going to protect them and sit on them a while and hopefully find all 5 designs the figure out what to do from there.



Edited by Big-Kingdom
09/01/2019 10:19 am
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John1's Avatar
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 Posted 09/01/2019  7:19 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Aren't these said to be a very low mintage? Something like 1% of the total. Quarter collectors would want one,no? Does that do anything for the value in the near future? I hope to find one in my change,but I heard it is unlikely.
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carloscoria's Avatar
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729 Posts
 Posted 09/01/2019  8:38 pm  Show Profile   Bookmark this reply Add carloscoria to your friends list Get a Link to this Reply
Sell them while they are hot.
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Big-Kingdom's Avatar
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 Posted 09/02/2019  05:56 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
John 1, yeah they are low mintage but that 1% is still 2 million coins of each design.
They are hot,hot,hot when each design is first released on ebay but as 20-50-100 start turning up on there per day it crashes out quickly as the supply offered gets near meeting demand for the "gotta have it now" crowd andthe price quickly goes down to about $10-$15 which I really have seen many sell for less than that.

Some people will be happy with just 1 W of any design, others will want all 5 of them. Some won't care about grade and juse want an example of one or all of them. It's hard to say what it's going to do in the long term for me. It's not like other low mintage coin releases where you could get a couple entire rolls and set them aside for a few decades.

I do think the next big market for them will be 5 coin sets graded or ungraded once they are all released, and matching grade sets.
I do think it's like a miniseries within the series... like chase action figures with variants, or like hot wheels mystery cars that have the limited edition special car in them, something like that.
Hard to say yet but they are worth many times more than a newly minted quarter right out the gate, that's for sure.

I'd say it will be really hard to find one in change, but much easier if you roll hunt some to find them nothing crazy 5 or 10 rolls a week until it turns up would do. I find them occasionally in customer wrapped roll returns and circulated re-rOlla and I expect that to continue through this time next year and even longer I expect them to keep turning up.I expect BU boxes to still be turning up this time next year as the armored carriers get to them also.

I definitely don't see even AU selling below $5 each. No idea how many collectors there are, but will only be a maximum of 2 million 5 coin sets many of wich can't be completed possible due to people holding onto coins to put their own 5 coin sets together.

All speculation of course. Nobody knows the future.
I can't foresee them ever crashing down to face value but I wouldn't be buying them for $10 or more each either. Finding them at face value is the way to go. I don't think you can lose unless you get caught up in the grading and get anything and everything graded, then I think people can lose on it.


Edited by Big-Kingdom
09/02/2019 05:57 am
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John1's Avatar
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 Posted 09/02/2019  07:39 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Thanks for the info BK. I hope to find some in change, but I don't roll hunt quarters.
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catskillcoin's Avatar
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 Posted 09/02/2019  11:29 am  Show Profile   Bookmark this reply Add catskillcoin to your friends list Get a Link to this Reply
Thanks for the responses, I saw a youtube video about this very question I had. And he thinks that they will level out to be $8-12 each, which is a good price for finding it for only .25 so I am just going to keep the. Yes, If I found a San Antonio and sold for $40 and then the price falls. The buyer has 2 weeks to change their mind and want to return it.
Also they mentioned the closer you live to one of the mints the better chance you have to find them.. Which I live about 100 miles from 1 of them, probably why I found 2 in the bag of quarters.
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Big-Kingdom's Avatar
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1667 Posts
 Posted 09/03/2019  3:17 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
catskillcoin, you can just sell it on ebay as "no returns" and post accurate pictures and description and they can't return it if they buy it. unless you deceptively described it or posted wrong pctures of it.

I don't blame you for hanging on to it, it's a good choice once the prices come down after a bit fo tiem after they have been released, but Ya know If I found the newest design early enough and could make $40-$100 each, I probably would do that . LOL

I'm in south Florida, about as far away from a mint as you can get besides Alaska, and I've found them for Lowell and American Memorial Park so far.
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Bump111's Avatar
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3327 Posts
 Posted 09/03/2019  4:19 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
I have a couple of friends who have found W marked quarters in change here in Raleigh (Morrisville is a distribution point.) As said before, with a total of 10 million of these minted, a very high number of them will remain available. I agree with a quick sell. I can certainly see these being at <10% of current value by the end of the year unless in outstanding condition.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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