| Author |
Replies: 12 / Views: 2,575 |
|
|
Valued Member
United States
247 Posts |
So the 2019 and 2020 West Point quarters were an obvious hit and are very sought after and hunted. Heck I hunt 10 to 20 boxes of quarters a week basically for those but I also look for the business strike S mint ATB Quarters. So the question is, since they were released in circulation and some have pretty low mintage numbers under 900,000 would these eventually become more valuable than West Point Quarters in high similar grades? I mean these were put into circulation even though not intended for it. They should way down the road and I mean 30 years down the road. Grow in value I would think. What do you all think? This is just a discussion for opinions on these quarters. Thanks!
|
|
|
|
Moderator
 United States
94636 Posts |
I'm not sure that the NIFC S quarters will garner a value more than the W's, if they were found in circulation. I don't know the exact mintage numbers on these yet, but I'm sure that the Rolls and bags that were sold will enumerate far more than the W quarters, of which only 2 million were minted of each type.
|
|
Moderator
 United States
187446 Posts |
The San Francisco quarters are NIFC. They are sold direct from the Mint in rolls or bags. Their survival rate would be higher for the better grades, assuming the gems were plucked straight from these rolls and bags. The ones you are finding in circulation are the rejects. It is cheaper to spend them than sell them, especially with the high grade gems cover the costs.
The West Point coins are not sold by the Mint for collectors. They are only found in circulation. The gems would need to be pulled from circulation as soon as possible. More damage can be done to them before they are rescued, so the survival rate would be lower for the better grades.
|
|
Pillar of the Community
United States
2270 Posts |
Tough call.
The S mints are quite underappreciated but there will always be more interest in the w mint coins because they were in circulation; even hidden in circulation.
The lower mintages on the S mints will attract attention someday probably however. Nice well made S mints and Gems are very interesting due to low mintage.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
 United States
4587 Posts |
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
|
|
Pillar of the Community
United States
2270 Posts |
I should add that the price of the S mints is likely to be capped for many years because the coins were available in large quantities.
Of course this "cap" may be at far higher levels.
Time don't fly, it bounds and leaps.
|
|
Valued Member
 United States
247 Posts |
I really like the S mint ATB Quarters. I did get a full set and filled a book, put it away. Maybe my 8 year old son who has an interest in numismatics may do something with them down the road.
|
|
Valued Member
 United States
247 Posts |
Forgot to mention though. I love the West Points more! I search 10 to 20 boxes of quarters a week and even got a full box of 2019 P War In the Pacific's a few weeks ago. The bank handed me an NF String box and I almost handed it back for a different box. I noticed peeking through the holes that they were all War in the pacific quarters that never got opened. I thought it was another box of Bessie Coleman Quarters. Opened 10 rolls and got 14 Ws, I have 40 rolls left and will open a few more to get that W satisfaction you get when you find one. I don't count those in my other collection of random Ws I picked from CRH where I am at 99 combined 2019 and 2020. Hope tomorrow I can get number 100.
|
|
Moderator
 United States
187446 Posts |
Enjoy and good luck! 
|
|
Pillar of the Community
United States
1648 Posts |
Some great comments, and I will lean toward what Jbuck mentioned which is that the Ws were released to circulation and so while there were 2 million each, circulation reduces the number remaining in high grade over time and therefore makes those that remain in that grade of high demand and value. The S are generally sold direct from the mint and while some end up sold individually from sellers or placed into change as you have found, those that are in high grade are likely stored away and will remain in top grades over time.
So best bet is to put away the high grade ones for both which will continue to increase over time in value. Since both are limited quantities, the idea to keep them in any condition also stands since there may be additional demand to just have a copy when top grades become too expensive (think something like a 1909 s vdb) or for some reason availability becomes limited as others dont sell, but generally there are enough at this time where the values are very close to face until you get into gem uncirculated territory it appears in general at this time.
|
|
Valued Member
United States
172 Posts |
Datadragon - I agree wholeheartedly with your summary assessment. However, I do think S business strike ATB and AWQ quarters will eclipse slightly the value of circulated W's in the long run. Why? A) Mintages are about HALF the W quarters and circulated W's tend to be hoarded more than circulated S by inexperienced collectors as they may not have developed a good eye for discerning a circulated business strike versus a circulated proof; B) finding business strike S quarters is a bit harder to find than W's since all 2 million of the W's were put in circulation but of the average 1 million sold, I would say at most 1/2 were put in circulation as collectors have tended to hold onto rolls of these - you can make a better profit for less work (see how much more quickly a roll of golden dollar coin rolls sell than individual ones on ebay today). And unc gem S business strikes will have a slightly higher premium than W's due to their lower mintage but also sharing the same tendency to have a higher than normal population as collectors horde these. As one who has done coin roll searching for about 3 years, I have found only ONE S business strike ATB Quarter while finding 5 or 6 (without needing to go through boxes) of the W's. Granted they ceased being issued a year and a half ago but due to the amount of S quarters that are put into circulation they will be slightly harder to find than W's over the years. TO me both are highly collectible if found in circulation or high grades of unc condition. The only ones that to me will have the lowest premium of all categories are those in average uncirculated condition (MS 62 - 64).
|
|
Valued Member
United States
67 Posts |
I have found 2 business S mint coins recently. The first was Saturday 2016 Harpers Ferry ( 1,050,185 ) . Today it was a 2012 New Mexico ( 1,389,020 ). Maybe my luck hasn't been that bad after all , I had not looked at the mintage figures until I saw this thread.
Edited by hvacfreak 07/25/2023 8:43 pm
|
|
Pillar of the Community
United States
1648 Posts |
Quote: I have found 2 business S mint coins recently. The first was Saturday 2016 Harpers Ferry ( 1,050,185 ) . Today it was a 2012 New Mexico ( 1,389,020 ). Maybe my luck hasn't been that bad after all , I had not looked at the mintage figures until I saw this thread. Nice find  And your in Maryland on the east coast. We dont find 'S' mint coins on the east coast when newly released very often of course due to how they distribute them, although over time they can mix into the area. You can of course start to look for the varieties/errors found in a book like strike it rich with pocket change as they may also be found and worthwhile to look for at the same time if your not already to improve potential returns on your time. Quote:Datadragon - I agree wholeheartedly with your summary assessment. However, I do think S business strike ATB and AWQ quarters will eclipse slightly the value of circulated W's in the long run. Why? A) Mintages are about HALF the W quarters and circulated W's tend to be hoarded more than circulated S by inexperienced collectors as they may not have developed a good eye for discerning a circulated business strike versus a circulated proof; B) finding business strike S quarters is a bit harder to find than W's since all 2 million of the W's were put in circulation but of the average 1 million sold, I would say at most 1/2 were put in circulation as collectors have tended to hold onto rolls of these - .. Thanks for sharing your thoughts. Keep in mind that because all those Ws are circulated, they would have had to be pulled right away (as some were) to ensure a chance to find a high grade while all S initially should be in a high grade. Over time the other Ws that continue to circulate all get worse (and some may not survive in that condition even after being pulled. Out of 2 million only a fraction will therefore be in top grades and less over time. The majority of S mints will be in top grades similar to proof sets but in lower quantity, only those in circulation and the ones the collectors dont hold onto or happen to get destroyed (fire, water etc) are going to reduce that population. Over time that means high grade Ws should eclipse S's but high grade S's are also strong. The typical circulated of either will always have some demand due to its limited total but its typically only when the high grade go up too much in value and people cant afford that they then take lower grades as a replacement.
Edited by datadragon 07/25/2023 9:44 pm
|
| |
Replies: 12 / Views: 2,575 |
|