If a person averages 3 boxes per week searching for all 5 W quarters over the next year that would be 156 boxes containing 312,000 coins. Coin collectors and the workers at Brinks & Loomis have a long year ahead.
if your going to invest 10 hours of your time looking for one, you might as well just pay the 100 dollars for the ones on e bay. that price will be dropping in the future also. I can see these selling for 20 dollars 6 months from now
@coinpalice said:
if your going to invest 10 hours of your time looking for one, you might as well just pay the 100 dollars for the ones on e bay. that price will be dropping in the future also. I can see these selling for 20 dollars 6 months from now
Circulated examples, yes I can see $20
High MS, your kidding, Right?
~HABE FIDUCIAM IN DOMINO III V VI / III XVI~ POST NUBILA PHOEBUS / AFTER CLOUDS, SUN Love for Music / Collector of Dreck
@dbldie55 said:
These will certainly be scarcer that anything the mint sells directly as a collectible, regardless of the mintage of these items compared to the direct mint sold items.
For what it is worth, they said it would be a few weeks before they start to show up. So looking now will probably just be practice.
@pitboss said:
The only problem here is the mint screwed this one up just like they do with all their releases.
Screwed it up... by...?
Well, for one they ended up having to put the Lowell W's in bags (and eventually rolls) of Marriana P's & D's.
Secondly, they shipped the W's in their own little bags at the top of the big P & D bags. Made it easier for the scalpers all along the distribution chain and defeated the "searching" goal of the program.
Mint shoulda just sold them directly for $50 ea. and eliminated the national debt.
I kinda like this W mint quarter idea. Most "low mintage" modern coins are NCLT that have high survival rates because they never circulate. In contrast, the W mint quarters do circulate. 2 million is pretty low for a circulating coin, especially compared to the P & D business strikes. However, the survivability of these W mint quarters will still be pretty high because of collector awareness. Informed collectors will pick them out of circulation before they circulate any further.
The problem I am running into is most banks in Albuquerque don't deal with the federal reserve so all we get here are re-rolled rolls of junk. I can not find a bank that deals with the fed at all. It's too expensive for them.
According to NGC the odds of finding a W quarter would be 1-180 based on 2018 total mintage of quarters.
Those of you are lucky to have banks that will order you boxes of various coins. Did not think banks would go the extra mile so to say unless you have lots of $$ with them.
Does the U.S. Mint still have the vending machine which bring to coin shows or still at the sales office in Washington D.C. ? You get mixed coins of P and D mints.
The rolls of W's are being picked up on ebay in the $700 range now. They wherever $2000 a week ago and the prices have dropped drastically to the mid $20's now. By the end of next week where will they be?
@coinpalice said:
if your going to invest 10 hours of your time looking for one, you might as well just pay the 100 dollars for the ones on e bay. that price will be dropping in the future also. I can see these selling for 20 dollars 6 months from now
Posted in the other thread but I found my at a grocery store. I purchased a roll at the check out line and found 1 Lowell W mixed in randomly with older quarters, 2 Bicentennial, and 4 Marianna D quarters. It can happen
@Tunis said:
Posted in the other thread but I found my at a grocery store. I purchased a roll at the check out line and found 1 Lowell W mixed in randomly with older quarters, 2 Bicentennial, and 4 Marianna D quarters. It can happen
Thanks for posting. It's great to see these out in circulation.
There’s another way to judge this release. With examples now going in the area of $10-15, the auctions of “Discovery” labels, could end up being the most valuable TPG labels in the history of the known universe.
@earlycoins said:
Are folks actually finding rolls, or gathering into rolls?
If the first, would this not negate the concept of the mint “sprinkling” them into bags?
Seemingly both.
Which would allow one to presume that all that sizzle coming from the mint, was just that? With no basis in fact toward distribution?
Only thing we know about distribution is the news that was reported about the release of these Ws. @ricko made the thread on the news release. In that thread it has the locations of the initial releases of the Lowell’s and other details.
I haven't been actively searching. I think with all the searchers and flippers pulling all they find out of circulation these will be more common in MS than any other issue. Now, if they end up being a condition rarity with, say, MS66 being the ceiling, that's a different story. I'd bet against that though.
If I do happen across one, I might put it on ebay for $1 start and see what happens.
Thursday I got 3 more boxes. The first 2 had nothing in them but the 3 box contained 23 Lowells and 1 with a W on the end of the roll. This box was mixed with a few old coins and mostly AmericanMemorial coins. Needless to say I will be heading back to that bank this morning to get as many boxes as they will sell me. No, I will not tell you the bank I got that box from. Needless to say the coins have hit the Albuquerque area!
@pitboss said:
Thursday I got 3 more boxes. The first 2 had nothing in them but the 3 box contained 23 Lowells and 1 with a W on the end of the roll. This box was mixed with a few old coins and mostly AmericanMemorial coins. Needless to say I will be heading back to that bank this morning to get as many boxes as they will sell me. No, I will not tell you the bank I got that box from. Needless to say the coins have hit the Albuquerque area!
I'm curious how it's going in returning the huge quantity (for some) of unwanted quarters? Wheelbarrow full at Coinstar x 10%, lucky to have a local credit union that still accepts them for account holders without a fee, or grand kids getting paid to roll them?
I am generally not a fan of manufactured rarities. I can appreciate the mint's desire to get people looking through their quarters which could increase interest in collecting. That could be a positive.
My main concern is that the small collectors don’t get price gouged when they try to fill holes in their albums. A mintage of 2 million can be low when it is connected with the coins that saw a lot of hard use. Remember, supply is controlled by the surviving number of coins, not the mintage directly. It’s not low at all for coins that have mintages which will be largely saved. It is more than likely that many of the “W” mint coins will be saved, at least initially.
I can see the barkers on the cable TV playing up “the rarity” of these quarters and charging excessive prices for them. I just hope that does not sour the hobby for would-be collectors who might get taken in.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I picked up 6 more boxes today. I got one box yesterday and it was all American memorial with 33 Lowell W's. Today I got another box of the same thing and am going through it now, The other 4 boxes today are more of the same old stuff.
Hw come there are so few American Memorial being found so far? Is it because they got delayed by having the Lowell W's distributed in their place because the mint was delayed in getting the Ws delivered and put them in with the Am Mem's instead. I have found several boxes of Am Mem with the Lowells mixed in with them.
All I know is that I am as tired of going through these boxes as the banks are of me asking for more boxes. Most of the boxes I have seen just contain junk quarters.
Maybe smoebody can think of an exception, but almost all of the modern errors, varieties, low mintages and gimmicks over the past 20 years have had the same pattern: early surge excitement/flipping, followed by a long, eternal slide into eventual oblivion and disinterest.
Comments
I will admit that I liked the idea a lot more before someone else found the first one.
If a person averages 3 boxes per week searching for all 5 W quarters over the next year that would be 156 boxes containing 312,000 coins. Coin collectors and the workers at Brinks & Loomis have a long year ahead.
if your going to invest 10 hours of your time looking for one, you might as well just pay the 100 dollars for the ones on e bay. that price will be dropping in the future also. I can see these selling for 20 dollars 6 months from now
Circulated examples, yes I can see $20
High MS, your kidding, Right?
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
yes, circulated ones in the xf-au range. the high end examples will always be worth a premium
People are already selling them on ebay for $100.
Correction: 10,000,000 total W quarters, 2m for each of the 5, 2019 America the Beautiful designs
https://www.usmint.gov/news/inside-the-mint/mint-releases-first-ever-w-quarters-into-circulation
I'm actually considering using CASH when I spend money now. I'd say it is a pretty successful gimmick.
I think these will be literally a few bucks each in theee months
There aren’t 2,000,000 collectors to consume these
I'm actually glad I live in a state where these weren't released. I may never see one in the wild. Saves a lot of time roll hunting.
Does the U.S. Mint sales office/ HQ in Washingon DC still have that vending machine that gives out state quarters at face value?
That would be a good source to get all new quarters.
Just got this 80% off eBay deal!
the thrill of the hunt does it for lots of people. me included. I can see your point as well. best wishes
The only problem here is the mint screwed this one up just like they do with all their releases.
Screwed it up... by...?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Why would anyone with any sense use a Coinstar machine and pay them a percentage?
The credit unions let you use theirs for free?
If you don't have an account there then get one.
Use the quarters as the initial deposit.
Not everywhere has a credit union. Many small towns are lucky if they have a stop light.
Wish I could select two... Agree & LOL
Well, for one they ended up having to put the Lowell W's in bags (and eventually rolls) of Marriana P's & D's.
Secondly, they shipped the W's in their own little bags at the top of the big P & D bags. Made it easier for the scalpers all along the distribution chain and defeated the "searching" goal of the program.
Mint shoulda just sold them directly for $50 ea. and eliminated the national debt.
Capital investment depends on confidence. - Martin Armstrong
I kinda like this W mint quarter idea. Most "low mintage" modern coins are NCLT that have high survival rates because they never circulate. In contrast, the W mint quarters do circulate. 2 million is pretty low for a circulating coin, especially compared to the P & D business strikes. However, the survivability of these W mint quarters will still be pretty high because of collector awareness. Informed collectors will pick them out of circulation before they circulate any further.
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The problem I am running into is most banks in Albuquerque don't deal with the federal reserve so all we get here are re-rolled rolls of junk. I can not find a bank that deals with the fed at all. It's too expensive for them.
According to NGC the odds of finding a W quarter would be 1-180 based on 2018 total mintage of quarters.
Those of you are lucky to have banks that will order you boxes of various coins. Did not think banks would go the extra mile so to say unless you have lots of $$ with them.
Does the U.S. Mint still have the vending machine which bring to coin shows or still at the sales office in Washington D.C. ? You get mixed coins of P and D mints.
The rolls of W's are being picked up on ebay in the $700 range now. They wherever $2000 a week ago and the prices have dropped drastically to the mid $20's now. By the end of next week where will they be?
Are folks actually finding rolls, or gathering into rolls?
If the first, would this not negate the concept of the mint “sprinkling” them into bags?
Seemingly both.
They are already under $25 for a raw example on ebay: https://www.ebay.com/itm/2019-W-LOWELL-NATIONAL-HISTORIC-PARK-MA-FROM-BALISTIC-BAG-NOT-ROLLED-COINS/153455995868?hash=item23bab0abdc:g:jRoAAOSwhBtcsytx&LH_BIN=1
Posted in the other thread but I found my at a grocery store. I purchased a roll at the check out line and found 1 Lowell W mixed in randomly with older quarters, 2 Bicentennial, and 4 Marianna D quarters. It can happen
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Thanks for posting. It's great to see these out in circulation.
Which would allow one to presume that all that sizzle coming from the mint, was just that? With no basis in fact toward distribution?
what other purchase do you know of that depreciates 1,000 percent after a week other then a us mint product?
It really sounds to me like there is going to be an awful lot of circulated quarters if they are being found in change already.
There’s another way to judge this release. With examples now going in the area of $10-15, the auctions of “Discovery” labels, could end up being the most valuable TPG labels in the history of the known universe.
cheapest I could find was 17.50 each
https://www.ebay.com/itm/20-2019-Lowell-034-W-034-National-Park-Quarters-BU-UNC-ULTRA-RARE-/303129254682?hash=item4693e95b1a:g:y8oAAOSwpMZct8CD&nma=true&si=QDPMCe%2BM3M0bXb8dBHH%2Fvbutwts%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
Not even close to 1000% but driving a financed brand new car off a car dealers lot has a hefty depreciation.
Only thing we know about distribution is the news that was reported about the release of these Ws. @ricko made the thread on the news release. In that thread it has the locations of the initial releases of the Lowell’s and other details.
https://forums.collectors.com/discussion/1017400/w-mint-mark-quarter-and-the-pcgs-early-find-contest
The Ws were/are released as circulated. There was/is no special W Mint release product. See thread above for details on how they were/are released.
Still have three other W quarters to go.
The W quarters are Lowell (found), Mariana (found), War in the Pacific, San Antonio Missions, and Frank Church River of No Return.
https://www.coinworld.com/news/us-coins/2019/04/us-mint-strikes-west-point-quarters-for-circulation.all.html
With the feds policy of charging banks for coins not many banks will pay for them and most will end up in circulation.
What is the cutoff date on the American Memorial Park for the first week discovery?
I haven't been actively searching. I think with all the searchers and flippers pulling all they find out of circulation these will be more common in MS than any other issue. Now, if they end up being a condition rarity with, say, MS66 being the ceiling, that's a different story. I'd bet against that though.
If I do happen across one, I might put it on ebay for $1 start and see what happens.
Collector, occasional seller
I find it quite humorous, that flippers are sending in 64s for grading.
What might be the value of finished holders, without coins, on the Ws?
Thursday I got 3 more boxes. The first 2 had nothing in them but the 3 box contained 23 Lowells and 1 with a W on the end of the roll. This box was mixed with a few old coins and mostly AmericanMemorial coins. Needless to say I will be heading back to that bank this morning to get as many boxes as they will sell me. No, I will not tell you the bank I got that box from. Needless to say the coins have hit the Albuquerque area!
Jackpot! Perseverance.
"No, I will not tell you the bank I got that box from."
Dang! I was going to book a flight to Albuquerque.
I'm curious how it's going in returning the huge quantity (for some) of unwanted quarters? Wheelbarrow full at Coinstar x 10%, lucky to have a local credit union that still accepts them for account holders without a fee, or grand kids getting paid to roll them?
I am generally not a fan of manufactured rarities. I can appreciate the mint's desire to get people looking through their quarters which could increase interest in collecting. That could be a positive.
My main concern is that the small collectors don’t get price gouged when they try to fill holes in their albums. A mintage of 2 million can be low when it is connected with the coins that saw a lot of hard use. Remember, supply is controlled by the surviving number of coins, not the mintage directly. It’s not low at all for coins that have mintages which will be largely saved. It is more than likely that many of the “W” mint coins will be saved, at least initially.
I can see the barkers on the cable TV playing up “the rarity” of these quarters and charging excessive prices for them. I just hope that does not sour the hobby for would-be collectors who might get taken in.
I picked up 6 more boxes today. I got one box yesterday and it was all American memorial with 33 Lowell W's. Today I got another box of the same thing and am going through it now, The other 4 boxes today are more of the same old stuff.
Hw come there are so few American Memorial being found so far? Is it because they got delayed by having the Lowell W's distributed in their place because the mint was delayed in getting the Ws delivered and put them in with the Am Mem's instead. I have found several boxes of Am Mem with the Lowells mixed in with them.
@pitboss
Probably being mixed by whomever the Fed has the contract with for the counting, rolling, and distribution.
All the bulk buys and then returns of the Lowell’s is probably putting a crimp on the Marianas.
Probably good that the War in the Pacific National Historical Park quarter is not due to be released until 3 Jun.
All I know is that I am as tired of going through these boxes as the banks are of me asking for more boxes. Most of the boxes I have seen just contain junk quarters.
Maybe smoebody can think of an exception, but almost all of the modern errors, varieties, low mintages and gimmicks over the past 20 years have had the same pattern: early surge excitement/flipping, followed by a long, eternal slide into eventual oblivion and disinterest.
Here's a warning parable for coin collectors...