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How come other quarters i.e. Wisconsin, Oregon are valued more highly? Because they were the first to be found?
The 2005 P Oregon SMS DDR-001 and DDR-002 and the Wisconsin 'Extra Leaf' varieties are not really a fair comparison. They do have significanlty more to see. But the bulk of the MN DDRs, most of the WY DDRs, and the 'Extra Rock' Oregon DDRs are all minor doubled dies and too many have been found for people to get too excited over them. I do think being first to the party did make a big difference. There was a lot of hype and press at first and this brought with it lots of interest and $$ from collectors outside the hobby. The ones that hit with a lot of fanfare were the WI extra Leaf quarters, the Peace and Bision Nickel DDOs, the 'Speared Bison' Nickel the MN Extra Tree quarters, and to some extent - the Oregon DDRs. People paid crazy amounts. With MN quarters, I saw very minor 'bump' varieties sell for nearly as much as the better fully separated 'Extra Tree' versions. Then the type died and the prices fell - even for the better die varieties. Since then, any new discoveries have been barely a blip on the radar. If the 'Speared Bison' nickel were discovered today - I don't think it would stand a chance of catching on.
Lincoln Cents with similar amounts of 'Column Doubling' sell in the neighborhood of $2 to $8 - and there is a large collector base for the cent. I saw the 2007 NM 25c
DDR you have selling for $3 on
ebay a few months back. A few sold at that price and I was going to buy one myself. But figured I'd probably find one. I've seen many NM quarters and have not scored yet. So I wish I'd picked one up when they were available.
In the long run, I think many of these minor die varieties will still sell for a reasonable premium - especially if there happen to be only a hand full of known discoveries for a particular design. I know Wexler was planning on publishing a '
State Quarters' die variety book - and that will certainly help. But even then, the minor ones will most likely be valued at well under $10. Not quite shopping spree money. The really sad thing is that coins with MD will often sell better than a true (albeit minor) die variety.