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 Replies: 20 / Views: 2,426 |
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Pillar of the Community
United States
1228 Posts |
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Pillar of the Community
United States
1699 Posts |
My grandma bought all the rolls when they came out, so she could make complete sets for the grandkids. Also, she bought an extra georgia roll!
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Pillar of the Community
United States
4541 Posts |
thats pretty cool! I hope eaglefoot see's this. I know he was pondering on whether to spend his or not
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Pillar of the Community
United States
6326 Posts |
Yup !.....and so my bad luck streak continues !!..... What was it just two weeks ago or so that I got rid of all my "partial rolls" of BU State Qtrs ? Even ran a "poll" to see what to do with them !........ACK !!.....so many of which looked like shining little Proof Qtrs. !! Now they're telling us to watch for the shiny Georgia & Conneticut & Tennessee Qtrs. in our pocket change due to the bad economy ......be on the lookout for them and save them ?.......I just got rid of hundreds of BU Qtrs in wonderful condition !!.......UGGGHHH ! I still have all my "rolls" , but I had "near complete" rolls too that are now .......... G.O.N.E. !!>......  My girlfriend DID enjoy her "spa treatment" that I sent her on for her Birthday for which these State Qtrs. PAID FOR !!.......  |
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Valued Member
United States
114 Posts |
Eaglefoot, Bad timing but you can't go wrong keeping the girlfreind happy  |
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Pillar of the Community
United States
2443 Posts |
They maybe worth that much, but that doesn't mean someone will pay you that much.
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Pillar of the Community
United States
6326 Posts |
Jayceeg......Quote:
Eaglefoot, Bad timing but you can't go wrong keeping the girlfreind happy Thanks !....  (but, you know, keeping women happy can be a 24/7 job !....  ...)....(I don't have THAT many Quarters OR total coins !... ...) p.s. And Amazon is right.... something is only worth what you can find someone to pay you for it...... I don't know how many people come runnin' with their RedBook in hand saying how much a certain coin is worth.....and yeah....it usually seems to be "modern" coinage.....state qtrs. being a prime example. I was personally at an auction late last summer where they had as part of it.....BU rolls of the 50 state qtrs.....(almost every state and duplicates of many)......IT TOOK FOREVER FOR THE AUCTIONEER TO GET THROUGH ALL OF THESE AND ON TO THE MORE IMPORTANT COINS....where I was waiting to bid on one of a dozen Large Cents......anyway....ALMOST " NONE" OF THE QTR. ROLLS WENT BEYOND FACE VALUE OF THE ROLL !......I bet the seller was in dismay if he was present ! There were a lot of people at this auction.....but nearly zero interest in the 50 State Qtrs.......and so one or two guys pretty much bought all of these with no competition from anyone !
Edited by eaglefoot
04/01/2009 3:51 pm
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Moderator
 United States
23522 Posts |
The lowest total mintage from any mint, of any date, for this series is 194 million coins. The lowest total mintage, of all types, in any one year is almost 2.4 billion coins. I'm sorry, but there's no way any "value" to these things can be anything but transitory. You want to make money on State Quarters? Move them now. |
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Valued Member
United States
259 Posts |
Quote:
They maybe worth that much, but that doesn't mean someone will pay you that much. I don't see how they can be "worth" that much if nobody is paying that much. This coin blogger (who seems to know what she's talking about) saays the values are the amount a coin dealer will pay you. I doubt she's just making up these prices out of whole cloth. Maybe it'd be instructive to look on E-bay in the completed listings to see what uncirculated rolls of these quarters have sold for recently. I do agree with her observation that she's been seeing alot more nearly Uncirculated early-date State Quarters in he pocket change lately. Me also. Just saw a BU Georgia quarter the other day, but didn 't bother to keep it. |
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Pillar of the Community
United States
6326 Posts |
SuperDave....Quote:You want to make money on State Quarters? Move them now. Even the much touted "20 years from now" theory that so many believe in ?.......as far as having BU rolls from the States and "circulated vs. uncirculated" 20 years from now ? This endeavor will be fruitless in your opinion ? 
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Moderator
United States
23522 Posts |
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This endeavor will be fruitless in your opinion? Yes. Not only have they been minted by the billions, the sheer popularity of the subject here and elsewhere indicates a lot of collector interest and activity. Therefore, it's a lead-pipe cinch that they'll continue to be saved both by rolls and individually, in Mint State. Interest is high, right now. They're hot. That's not going to last twenty years, and then the market will be glutted with quarters. Enough State Quarters have been minted (thru 2008) to give every man, woman and child in the country 3 full rolls. How can you sustain demand with that kind of supply? |
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Pillar of the Community
United States
2734 Posts |
I do think that eaglefoot was right to get rid of his partial rolls, because the current 'market' is clearly for full rolls. There won't be any big demand for BU singles as long as BU rolls are plentiful and relatively affordable. People forget that Quarters are also used by the billions, because the Half-Dollar is gone from circulation and the 26.5mm Dollar coins have never 'caught on' like they should. Most of the massive number of State Quarters minted went into circulation immediately, and are now in AU or less condition (and a number are lost or destroyed). Attrition is why mass-produced items become 'collectible'. No one was collecting and restoring 1932 Fords in 1940, or 1957 Chevys in 1965. Baseball cards and comic books weren't too valuable before 'everyone's moms' threw them away.  There may have been 194 million Oklahoma-D's minted, but they aren't still all in 4,850,000 BU rolls. Likely 75%-90% of them are in circulation, and in AU or less condition. If were were able to magically divide the total State Quarter mintage into 3 rolls for 'every man, woman and child in the country', they'd likely divide up as seventy F-AU circulated coins and three BU coins (and two missing, representing the lost and destroyed coins) for each person. There may not be as many BU rolls around as some people would like to think. "The Great Coin Jar Cash-In of 2008-09" is putting a number of early BU State Quarters back into circulation, but reducing the numbers of BU rolls can only be good news for any sort of future collectibility. ('attrition', again.) Edited by DNA
04/01/2009 7:16 pm
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Pillar of the Community
United States
2270 Posts |
Quote:The lowest total mintage from any mint, of any date, for this series is 194 million coins. The lowest total mintage, of all types, in any one year is almost 2.4 billion coins. I'm sorry, but there's no way any "value" to these things can be anything but transitory. You want to make money on State Quarters? Move them now. It really doesn't matter how many were minted, it matters only how many were saved and how much the demand is. It's a safe bet that many of these were saved in smaller than necessary numbers. I'd say which ones but there are still some in the pipeline and I don't want to encourage anyone to save them. The biggest concern long term is that a lot of quarters are going into storage right now and eventually these will be released again. There aren't going to be a single nice 1969 quarter in the whole bunch but there will be millions of unc states issues including a few of the oldest ones. Most will get at least light wear before collectors get them but if one of the later states gets a large premium there will be people intercepting the coins as they come back and it will cause prices to collapse. Just use common sense and have fun. Remember that nice attractive uncs aren't too common anywhere for most of these issues and as 50,000,000 collectors get more advanced they just might demand one from each mint and want coins that are well made and relatively clean. There won't be any staggering gains made in the short term probably but there could well be nice steady gains for a long time. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2734 Posts |
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cladking: "It really doesn't matter how many were minted, it matters only how many were saved and how much the demand is." Anyone who collects Morgan dollars can testify to that! Or even better, the last five years of the $20 Gold Double Eagles.... The relevance of how many coins exist in particular grades (aka 'population') is also well illustrated by Morgans. An 1884-CC is worth about four times the price of an 1884-S when both are in G-4, but in MS-64 the CC is around $250 and the S would be in the six figures! In times like this, some collectors will select which of their BU rolls they'll spend or save by their reported mintage. This means that virtually no one being 'selective' would save a roll of Virginia-P's. Some may have even spent early rolls going for a premium (Georgia, Connecticut) in favor of saving 2007/2008 rolls, because of the latter's lower mintages. |
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Rest in Peace
United States
1729 Posts |
I have no confidence in the value of any coins increasing significantly unless they are gold, silver, or scarce.
My Panamanian coins are looking better and better ...
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Moderator
United States
23522 Posts |
The key point to me, and I could be entirely wrong on this, is that there are currently a whole lot of people collecting these coins whose interest in collecting them won't hold up in the long run. For me, the price is artificial because the demand is artificial, as in transitory and impermanent. The whole hobby will be a lot better for it if I'm wrong. Here's hopin'.  |
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Replies: 20 / Views: 2,426 |
Posted 04/01/2009 12:26 pm
