1930's BU Washington Quarters - Why So High?!

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Author	Replies: 6 / Views: 2,840
paleoguy45 Pillar of the Community United States 2936 Posts	Posted 09/06/2010 11:36 am I'm well into my Dansco 8140 and have all the Washingtons from 1941 - 1998. I recognize some of the key dates from the 30's are at a premium price-wise, but what's going on with the rest? The more common dates in BU condx are going for two to three times Red Book value. Any ideas on why this is happening? It's making me crazzzzzzzzzzy.. Report this Post to the Staff

DNA Pillar of the Community United States 2734 Posts	Posted 09/06/2010 1:13 pm Supply and demand. "Common" 1930's Quarters in BU might not be as common as everyone thinks. How many of them got melted in the mid-1960's and 1980? No one knows. The State Quarter program undoubtedly increased the public's interest in collecting 1932-1998 Washington quarters, thus more demand. The eagle-reverse Washingtons are the logically perfect 'step-up' from State Quarters: Two Classic Keys (32-D and 32-S), 'common' 1930's that might be surprisingly tough in MS (as you're finding out!), early clads and the '82-83's. Silver fans have the '32-'64 business strikes/Proofs and the 1992-98 Silver Proofs . Eagle-reverse Washingtons have something for everyone.... Edited by DNA 09/06/2010 1:22 pm Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/07/2010 09:37 am Another possibility is not that the quarters are going high, but that the prices published in the RedBook were too low. Report this Post to the Staff
Kabiye_Lady Pillar of the Community United States 581 Posts	Posted 09/07/2010 11:30 am I started collecting AU/BU quarters sort of blindly - ran across some nice ones for not too much money at my coin dealer every other trip and slowy started building the collection. I really didn't pay attention, but I was buying the cheapies. Heck, there are also a fair number in the '40's that are quite pricey in BU. This could truly be a sleeper series. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/07/2010 5:10 pm Quote: The State Quarter program undoubtedly increased the public's interest in collecting 1932-1998 Washington quarters, thus more demand. That is from what I've seen the primary reason for the high prices. Dealers at coin shows told me some time ago that until those State Quarters started, Washington quarters sold as much as Jefferson nickels. Not a great seller. Then as people started collecting those State Quarters, it made collectors out of people that never collected coins before and now those collect Quarters. Thus, price and demand. Report this Post to the Staff
afcop13 Pillar of the Community United States 1409 Posts	Posted 09/08/2010 3:11 pm Agreed. I have also found a few nice ones in the "junk" bins recently, but certain dates are very tough to find in AU or better without being pretty pricey. Report this Post to the Staff
DNA Pillar of the Community United States 2734 Posts	Posted 09/09/2010 01:12 am Quote: ...the prices published in the RedBook were too low. " RedBook" and "(prices) too low" used in the same sentence (DNA faints and falls out of his computer chair) Seriously, this certainly isn't the first time that the RedBook is 'behind' what the current market is willing to pay for particular coins. ebay and other auctions reflect rising market prices immediately. Yet another factor is the money that's moved from other collectibles to coins since late 2008. "Honey, your Beanie Babies aren't worth diddly squat now. And I really want that MS65 1936-S Quarter." Collectors have never been totally adverse to paying a premium above even RedBook values for an exceptional coin. (that kind of thinking is what started this whole CAC sticker business) Surprise! 1930's Washingtons in MS became 'exceptional' while no one was looking... Report this Post to the Staff
	Replies: 6 / Views: 2,840

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