W mint mark quarter - and the PCGS early find contest
ricko
Posts: 98,724 ✭✭✭✭✭
Here it is... Now just a nickel needed... Cheers, RickO
https://www.usmint.gov/news/inside-the-mint/mint-releases-first-ever-w-quarters-into-circulation?fbclid=IwAR3UPadASnZSj0xKrUHxzoHHwkwXYvZRkr1RgCBcHbgcYqq-ihman7eVNzA
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Comments
Now this is interesting. Thanks for the info @ricko!
Excerpts:
“In total, the West Point Mint will strike 10 million quarters that will be mixed into bulk bags of quarters at the Philadelphia and Denver Mints. In early April, the first of the W mint mark quarters will be shipped and distributed to banks and financial institutions by the Federal Reserve. The coins will likely begin to appear in circulation within four to six weeks and will be available throughout 2019.”
“The America the Beautiful Quarters to be released in 2019 will honor Lowell National Historic Park (Massachusetts), American Memorial Park (Commonwealth of the Northern Marianas Islands), War in the Pacific National Historic Park (Guam), San Antonio Mission National Historical Park (Texas), and the Frank Church River of No Return Wilderness (Idaho). Beyond the ten million W mint mark quarters, the Mint will produce additional coins as usual at the Philadelphia and Denver Mint facilities to meet the demands of commerce.”
Is this the 'rarity' put into circulation we've been hearing about?
Here's our coverage, just published. https://coinworld.com/news/us-coins/2019/04/us-mint-strikes-west-point-quarters-for-circulation.html
Ah beat me to the scoop! FB feed: https://www.facebook.com/103695769458/posts/10157353221429459/?sfnsn=mo
Insert witicism here. [ xxx ]
It would be far more interesting & exciting if they minted only 10,000 of them. At that level, if they were mixed in well, they’d have a possibility of actually being valuable & encorage people to look at their change again.
I have mixed feelings about this. It is too subtle to attract much interest other than from people already looking. So, while it would seem like a harmless attempt at generating some interest, I think it is unlikely to generate much enthusiasm from anyone who isn't already a collector. BUT...
So @ricko actually your headline should be Five 2019 W Mintmark Quarters!
Kind regards,
George
@jmlanzaf ....All good points...and looking at distribution information (in link above) I will have little chance of getting any from a bank.... I wish I knew an 'insider'....
No such luck... Cheers, RickO
Awsome! Thanks @William!
Extracted from the above:
“Circulating rarities head to circulation: Quarters with the W Mint mark”
“We have the list of cities that will be the first to get the new coins”
By Paul Gilkes , Coin World
Published : 04/02/19
“The April 1 coin destinations were:
Colorado Denver
Florida Jacksonville Miami Orlando Pensacola
Georgia Atlanta
Illinois Chicago
Indiana Indianapolis
Kentucky Louisville
Louisiana Shreveport
Massachusetts Boston
Maryland Baltimore Beltsville
Michigan Detroit
Minnesota Minneapolis
Mississippi Jacksonville
Missouri Kansas City St. Louis
Montana Helena
New Mexico Albuquerque
New York New York City
North Carolina Charlotte
Ohio Cincinnati Tallmadge
Pennsylvania Pittsburgh
Tennessee Memphis Nashville
Texas Dallas Houston San Antonio
Utah Salt Lake City
Virginia Richmond
Washington Seattle
For the remainder of April, destination locations are:
Alabama Birmingham
Arizona Phoenix
California Los Angeles Oakland Ontario
Colorado Denver
Florida Jacksonville Miami Orlando Pensacola
Georgia Atlanta
Illinois Chicago
Indiana Indianapolis
Iowa Davenport Des Moines
Kentucky Louisville
Louisiana New Orleans Shreveport
Massachusetts Boston
Maryland Baltimore Beltsville Nottingham
Michigan Detroit
Minnesota Minneapolis
Mississippi Jackson
Missouri Kansas City St. Louis
Nebraska Omaha
Nevada Las Vegas
New Mexico Albuquerque
New York New York City
North Carolina Charlotte Morrisville
Ohio Cincinnati Tallmadge
Pennsylvania Pittsburgh
Tennessee Memphis Nashville
Texas Houston San Antonio
Virginia Richmond
Wisconsin Milwaukee”
@giorgio11 ... Very true... When I posted, although I had read the release, I was only thinking about adding to my W coin set.... and yes, the first one I find will go in the set... then maybe get the other four - somehow. Cheers, RickO
He is HOLDING IT WITH HIS FINGERS !!!!! 😱
Sounds kinda fun actually... I'll be on the lookout.
My YouTube Channel
First person to find one and list it on ebay will be a happy camper.
And the hunt is on.
@ifthevamzarockin ....And the person to buy it will cry for the rest of his collecting career....
Cheers, RickO
If the bags are equally mixed and distributed to the destinations, it seems like Florida has better odds. True?
I better get to an ATM, 'cause I can see many a cash transactions in the future...
Edit: So these will be both Lowell and American Memorial?
My home town is listed. Too bad I don't live there any more, 100 miles away. Don't have any coin connections there.
Cool and thanks for the heads up @ricko !
I agree. But with around 10 million or so minted in todays environment of sky high circulation mintages, the "W" quarter will be a very scarce find.
Pete
I liked the cereal box distribution method
It's not 10 million, its 2 million each of 5 designs.
There will be a run on quarters at the bank. Including me...
If they do get a good mix in the bags and they get into circulation then there will be condition rarities for sure.
Hmm...
Who will be the first to put together a P01 set?
Here in Ohio Tallmadge is only a few miles away. I'll be on the lookout for them.
Interesting, but I won't be seeing any my direction from the looks of it. I am sure they will be available after the hype settles out.
Too bad the Mint made this announcement in advance; better to let the hobby and/or general public discover these W-dated quarters on their own throughout the course of the year.
Sure, because when one turned up and no one knew how many there were some lucky person would get to spend $1000 for a coin they thought was unique but ended up being 1 of 2 million.
You are indeed correct. I got the total per coin wrong.
WOW..........that's even a better deal.
Pete
ill be on the look out as well. itll be fun, best wishes
Lowell National Historic Park (Massachusetts)
American Memorial Park (Commonwealth of the Northern Marianas Islands)
War in the Pacific National Historic Park (Guam)
San Antonio Mission National Historical Park (Texas)
Frank Church River of No Return Wilderness (Idaho)
None near me.
The 2017 "P" Penny was cool for a little while. But there were too many of them (imho). Is 2 Million of each quarter too many?
Great, my Dansco album which already had to be supplemented with another because of the S uncirculated quarters and enhanced coins will even be more out of date!
Wow! Las Vegas Nevada is on the list. My sister works for Bank of America but I never asked her to look for coins or currency. I think they handle the money that comes from casinos and they do not handle a face to face customer service. Maybe this will be the first time I will ask her for a favor and get/find me the 2019 quarter coin rolls. Good luck to all.
Change from restaurant today...
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Flipped
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They will be touted on venues like ebay as rarities. The mintage IS quite low compared to other non-proof, non-commemorative issues of the last several decades. The mintage is similar to the 1950-D Jefferson 5c but there's no chance of hoarding by the thousands of rolls like the nickel was.
2 million will put it in the same arena as the 1950-D nickel...without full steps. Going for ~$5 in mint condition. BUT, they'll be much higher than that for the next 6 months!
Will have to wait for them to percolate down from Chicago.
Collector, occasional seller
I think it will be in due time on that one, jmo
One huge difference is that the nickels were hoarded at the time of issuance in bags and rolls. The W quarters will be randomly seeded in huge bags from the mint so the vast majority will presumably make it to circulation.
I imagine thousands of them will be hoarded because thousands (tens of thousands) will get pulled out by the first handlers - much like error coins.
Hey, how about a FIRST FOUND Label....
If they are seeded into bags of 10s of thousands of coins shipped from the mint I just don't see how large scale hoarding can occur, but we will see.
As for errors, I assumed those spit out of the counting/rolling machines so no real searching is necessary.
Using the Mint’s 2018 Annual report 1,895 million (1,895,000,000) 25c circulated quarters were shipped.
So 10,000,000 of 1,895,000,000 is ~0.005% or 1/2 of 1% for all five W ATB quarters versus the total quarter mintage. Or, ~0.001%, 1/10 of 1% for each of the five ATB quarter.
And I suspect mintage for quarters for 2019 will go up, in part, because of the W release as many will start searching/hoarding quarters for awhile.
My 2 - 2019-W cents.
Good luck to all... back to CRH!
Actually read the article. No, it is only Lowell and American Memorial Park:
War in the Pacific, San Antonio Missions and No Return will be released later.
It is only Lowell and American Memorial being released right now.
Agree. Makes it even harder to find.
DANG IT!!! Figures they'd spring this one on me when our folders only have holes for "P" & "D" mints! Plus, being near Philly, kinda disappointed we weren't earmarked for their initial release. Guss I'll have to rely on luck or relatives finding some out in Colorado, Florida, or Texas. But I won't kill myself searching for them - - I'll just figure it out if & when I ever see one....... They must be hurting for things to do in West Point.
2 million of each design......... way too common to ever be rare. There are a similar number of pixels within the display of an iPhone 7s. Take a look with your loupe sometime.
Said differently, there will be 50 of each W-mint quarter design for every double-die 1955 cent ever made, and these weren’t even noticed until already in circulation a while.
That is doable. Sort through $500 of new quarters and maybe pick up a couple Ws at face value. I would play the game if I had the option.