Home U.S. Coin Forum

West Point 2020 Privy Marks on ATB Quarters to Commemorate the 75th Anniversary of the End of WWII

2

Comments

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    So , basically what they are now saying is, the first release of the 2020 coins will contain no W coins like they did with the Lowells and will be released with the 2nd batch. Is that what is happening ?

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @Hemispherical said:
    Typo, Feb 3?

    yes, corrected. thanx

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited January 22, 2020 5:19AM

    @tommyrusty7 said:
    So , basically what they are now saying is, the first release of the 2020 coins will contain no W coins like they did with the Lowells and will be released with the 2nd batch. Is that what is happening ?

    This means P & D Batcoins on Feb. 3 (first of five national park quarters for the year), but no W Batcoins until after Nov. 16, after the fifth coin for the year. Method of W Batcoin distribution not yet announced.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    This is getting more confusing by the day or is it only me that is confused.

    Could be me with my advanced age as everything is confusing to me now.

    Speaking of confusing I can't even figure out how to use a phone now.

  • WALLEWALLE Posts: 247 ✭✭✭✭

    Any release date for the Weir Farm? will it be on 4/6 when the P,D,and S are released.

  • TetromibiTetromibi Posts: 947 ✭✭✭✭✭

    @WALLE said:
    Any release date for the Weir Farm? will it be on 4/6 when the P,D,and S are released.

    "Because approval for the inclusion of the privy mark came after the National Park of American Samoa circulating quarter dollar striking had already begun at the Denver and Philadelphia Mints, the first 2020-W quarter dollars with privy mark from the West Point Mint to be released into circulation with Denver and Philadelphia Mint production will be the Weir Farm National Historic Site coins on April 6, according to Todd Martin, the U.S. Mint’s acting director for corporate communications."

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    Updated the earlier post with Weir Farm.

    Here is a quick overview of 2020-W ATB Quarter release dates:

    April 6, Weir Farm Historic Park

    June 1, Salt River Bay Historic Park

    August 31, Marsh-Billings-Rockefeller Historical Park

    November 16, Tallgrass Prairie National Preserve

    TBD (after Tallgrass), American Samoa Historic park

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @tommyrusty7 said:
    This is getting more confusing by the day or is it only me that is confused.

    Be thankful. Mint confusion leads to mistakes. Mistakes lead to "errors."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    Leave it to the mint to make things confusing by not getting things approved on time. Typical govt snafu.

  • JBKJBK Posts: 15,476 ✭✭✭✭✭

    @derryb said:

    My research is indicating that the Feb banks and branches may no longer physically handle coins and are only involved in having them shipped from the mint directly to contracted carriers. Confirmation of this would indicate whether Fed bank and branch locations are even relevant to where the W quarters pop up.

    I never gave it much thought but I am inclined to think this is correct.

    The Federal Reserve Banks don't roll coins, and I have not heard of them selling smaller bags of coins to the transport/distribution companies that do roll coins.

    I know that anyone with the $ and a truck can (or used to be able to) arrange with the Mint to pick up a ballistic bag at the mint's loading dock. I am not sure if the mint delivers to the 12 Fed banks or if the banks need to arrange their own pickup, but in either case it makes sense to "drop ship" directly to the eventual destination (private money processors).

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭
    edited January 23, 2020 1:46PM

    From the Federal Reserve:

    “Coin”

    “The Federal Reserve's role in coin operations is more limited than its role in currency operations. As the issuing authority for coins, the United States Mint determines annual coin production. The Reserve Banks, however, influence the process by providing the Mint with monthly coin orders and a 12-month rolling coin-order forecast. The Mint transports the coin from its production facilities in Philadelphia and Denver to all of the Reserve Banks and the Reserve Banks' coin terminal locations.”

    “The Reserve Banks distribute new and circulated coin to depository institutions to meet the public's demand. While the Reserve Banks store some coin in their vaults, they also contract with coin terminals, which are operated by armored carriers, to store, receive, and distribute coin on behalf of the Reserve Banks.”

    https://www.federalreserve.gov/paymentsystems/coin_about.htm

    —————-
    —————-

    The arm of the Fed Reserve involved with the distribution of currency and coin.

    “FedCash® Services”

    “The Federal Reserve Banks offer FedCash Services to help ensure that depository institutions have sufficient supplies of currency and coin to meet public demand. The Federal Reserve Banks act as a distribution center for the issuance of new currency designed and printed by the Bureau of Engraving and Printing (Off-site), and for new coins minted by the United States Mint (Off-site).”

    “To drive improved efficiency, security and risk management of currency and coin processing, the Reserve Banks are advancing technology and delivering greater standardization of services across the Federal Reserve System. Today's FedCash Services are easy to use and provide consistent, timely and robust services and information.”

    “Currency”

    “Each Federal Reserve District maintains currency depositing and ordering operations to accept deposits of excess and unfit currency and process currency orders. To accommodate the growing demand for U.S. domestically and abroad and to replace destroyed unfit currency, the Federal Reserve Board of Governors issues newly printed currency each year, and the Reserve Bank offices distribute those notes to depository institutions. In order to operate efficiently and reduce societal cost, the Federal Reserve Banks fill orders for currency with fit currency first and then with newly printed currency, and require the recirculation of fit currency by depository institutions.”

    “Using FedCash Services, you can order and deposit currency, monitor and manage cross-shipping activity, and access information regarding exception processing, including mutilated, contaminated, or counterfeit currency, and ordering new currency during the special holiday currency ordering periods.”

    “Coin”

    “Each Federal Reserve District maintains coin depositing and ordering operations to accept deposits of excess coin and process coin orders.”

    “You can use FedCash Services to order and deposit coin, and access information regarding new coin releases and exception processing, including procedures for bent or partial coin.”

    ——-

    “Coin Terminal Services”

    “A coin terminal is a secure facility operated by an armored carrier that holds Reserve Bank inventories of coin, and that receives deposits from and fulfills orders for coins from depository institutions on behalf of the Federal Reserve Bank. Coin terminal operators are contracted by the Federal Reserve Bank to perform these services and manage the coin terminals using FedCash Services via the FedLine Web Solution.”

    “Manage your Coin Terminal by opening and closing the vault daily, entering deposits or shipments, releasing coin orders, entering other transactions and accessing various reports.”

    “Coin Depot Services”

    “A coin depot is an alternative coin distribution arrangement that enables the Federal Reserve Bank to service its customers that are not currently serviced by a coin terminal. Similar to the coin terminal program, a coin depot is an outsourced arrangement with a vendor that provides coin services to Federal Reserve Bank customers in lieu of those customers accessing the Federal Reserve Bank dock. This program complements, and does not replace, the coin terminal program and may be operated by an armored carrier (AC) or non-AC entity.”

    “Manage your coin depot by opening and closing the vault daily, entering deposits or shipments, releasing coin orders, entering other transactions and accessing various reports.”

    https://www.frbservices.org/financial-services/cash/index.html

  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭

    Thank you @Hemispherical for the through coverage of coin distribution. Very informative. Were you ever a reporter for a newspaper? B)


  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    @Kudbegud said:
    Thank you @Hemispherical for the through coverage of coin distribution. Very informative. Were you ever a reporter for a newspaper? B)

    LOL!

    No reporting for newspapers...

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @Kudbegud said:
    Thank you @Hemispherical for the through coverage of coin distribution. Very informative. Were you ever a reporter for a newspaper? B)

    I believe it was a cut and paste from the link. However, good job at cutting and pasting.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • coinercoiner Posts: 533 ✭✭✭✭

    Another coin most of us won’t see because of poor distribution
    The banks don’t care to distribute to individuals—-the US Mint should take steps to only include these issues in their distribution to collectors, not commerce
    Just start selling $100 boxes of rolled coins again

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    Their distribution system does have a big problem . Local distributors have to pay to get the coins in their possession from the fed and in smaller markets they don do that unless there is a desperate need for hem to do it. They prefer getting them from credit unions who they can charge to take them away and then charge the local banks when they need coins. Only the bigger markets get the new coins early as their needs for these coins is greater.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    I have no problem getting $500 boxes (up to 10 a week). Problem is getting the new coins. Guess they're just sitting in a big bag in the corner while the old stuff gets re-rolled.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    That is the problem. The local distributors do not order new coins because they cost them money, They would prefer to use the ones that the credit unions take in and they can charge themd for re-rolling rather than pay out money to get the new ones.

  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭

    I get the thrill of the search and discovery. Practically it's really only available to a location limited relative few.
    I would like to see a portion of the W minted coins randomly inserted into the uncirculated sets to broaden the collector base that could get one.


  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    @derryb said:
    I have no problem getting $500 boxes (up to 10 a week). Problem is getting the new coins. Guess they're just sitting in a big bag in the corner while the old stuff gets re-rolled.

    I wasdoing 20 to 30 boxes a week last year but not this year as it is just too much for me to handle now.

  • coinercoiner Posts: 533 ✭✭✭✭

    @derryb said:
    I have no problem getting $500 boxes (up to 10 a week). Problem is getting the new coins. Guess they're just sitting in a big bag in the corner while the old stuff gets re-rolled.

    Then you are the exception to the rule
    Out here in the NY/NJ area the bank employees do everything not to accommodate getting bank boxes

  • coinercoiner Posts: 533 ✭✭✭✭

    @tommyrusty7 said:

    @derryb said:
    I have no problem getting $500 boxes (up to 10 a week). Problem is getting the new coins. Guess they're just sitting in a big bag in the corner while the old stuff gets re-rolled.

    I wasdoing 20 to 30 boxes a week last year but not this year as it is just too much for me to handle now.

    20-30 boxes a week—-you must have a solid contact and maybe a business. These characters out here have a hard time convincing them to get 1 box per issue

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited January 25, 2020 2:08PM

    The secret to getting boxes is to go to multiple branches of multiple banks. I was hitting 25-30 branches a week, picking up at some, cashing in at others. At my peak I was going through 30-40 boxes a week. Now that we know mor W's are on the way, guess I'll go back to full time bank runs. Most banks won't score you boxes cause they fear you will return the coins, creating a headache for them. Make it clear you will not unless they want them.

    I don't have a lot of loose coins, only those from boxes of new coins. Viewing the ends of just a few rolls tells me pretty much what's in the box. I'm only interested in new W's not recycled ones. I return the rolls to the banks, unopened, the same way they gave them to me. They like this because they can treat them like they just came out of a new box and can hand them over to their business customers. They hate customer rolled coins and in most cases have to unwrap them, count them and bag them for the carrier.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    I use Wells Fargo myself as there are loads of them in Albuquerque. The ones I open go back to a credit union as I have 3 different credit unions I deal with. I do not open rolls that are strictly old coins, I just take them back to other banks that I do not order my coins from. I have lots of bank accounts.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @tommyrusty7 said:
    I use Wells Fargo myself as there are loads of them in Albuquerque. The ones I open go back to a credit union as I have 3 different credit unions I deal with. I do not open rolls that are strictly old coins, I just take them back to other banks that I do not order my coins from. I have lots of bank accounts.

    Same here. Loose coins go to the fee free credit union coinstar. CU does says something if you visit coinstar too often. Thankfully dozens of CU branches. WF is my biggest and best supplier, have three other banks with numerous branches. I would say most of my boxes of new coins have come from WF. Have some branches that give me three boxes per weekly visit. Have my routes all laid out for four days a week, about 4-5 hrs. a day. It's like having a fun job.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    I did the exact same thing. I stopped in December though because of a couple of stents in my arteries but probably will be out there when the new coins come out but probably not on the same gusto as before. I am 80 now so need to take it a little easier. My little walker cart helps me get the boxes to my car. I was ordering 6 boxes every week at 4 different banks fo different days so I would have time to look and see what I got and where I had to go to return what I didn't want. The banks were very good to an old fart like me.

  • OnastoneOnastone Posts: 3,917 ✭✭✭✭✭

    We don't have Coinstar here in my neighborhood, but some banks do have coin counters, which are free for bank customers. I've seen inside some of those counters, a lazy susan of sorts holding big clear bags of coins. Where do those bags of coins go? Where is the next step in the chain? If the banks keep buying the same quarters back, there isn't a need for new quarters to come into the picture for a long time. I've found one box of brand new virgin quarters in the past year, and it was already a year old coin. Since then, I've found some of the dirtiest quarters you could imagine, I'm beginning to think I need to be wearing gloves, a mask, perhaps a complete hazmat suit.
    Ready to search another box.

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    My point exactly!

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    As I said before SNAFU !

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    The 2020 coins are going to be highly sought when they are released and will end up having a higher uncirculated mintage than the 2019's as most of the 2019's went into circulation before most collectors even knew they existed. I think the 2019's will be the most valuable of the whole series of W quarters.

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    Thanks @derryb.

    Quote of the purpose of the privy marks on the 2020 ATB quarters:

    “WWII homage
    The privy mark is part of the Mint’s initiative to mark the 75th anniversary of the end of World War II. Additional products already announced are a gold coin and bronze and silver medals celebrating the anniversary.

    Martin explained, “The period from May 8 to September 2, 2020, marks the 75th anniversary of the end of United States involvement in World War II. In recognition of this significant anniversary, the United States Mint plans to produce a portfolio of numismatic products.

    “In addition to these numismatic products, two million each of the scheduled 2020 America the Beautiful Quarters will be struck at the West Point Mint bearing the W mint mark, and featuring a privy mark signifying the allied victory in World War II. The privy mark consists of the characters V75 (signifying 75th Anniversary of World War II Victory) surrounded by an outline of the Rainbow Pool at the heart of the World War II Memorial in Washington, DC. These special quarters will be mixed into bulk bags at, and shipped from, the Philadelphia and Denver Mints. Details of when and how the quarters will be distributed will be announced in the coming weeks.”“

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited January 27, 2020 7:48AM

    key words from above: "mixed into bulk bags at, and shipped from, the Philadelphia and Denver Mints."

    Explains why the W's won't be issued with the P&D Batcoins. P&D Batcoins likely bagged and shipped from the two mints before W's could be provided to the two mints. Addition of the privy to the die probably delayed the W Batcoins.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    That just adds to my theory of prices rising for the 2019's as most of the 2020's will be found before they go into circulation while most of the 2019's did go into circulation and the ones I have seen in circulation look pretty nasty.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited January 27, 2020 12:51PM

    @tommyrusty7 said:
    That just adds to my theory of prices rising for the 2019's as most of the 2020's will be found before they go into circulation while most of the 2019's did go into circulation and the ones I have seen in circulation look pretty nasty.

    On the other hand a good salting/mixing of the W's in $50K ballistic bags before they get to the armored carrier will result in:
    1. Fewer new W's per box/roll; searchers will have to work harder or get the same results.
    2. Carriers won't get to grab the W's in bulk to sell off on ebay before they get rolled. In 2019 the W's were bagged separately and the carriers were trusted to mix them before rolling.

    This could result in less new uncirc. W's than those pulled from boxes/rolls in 2019. A higher percentage of the 2020 W's just might end up in actual circulation reducing the number of uncircs.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    If that is the case there ill be a lot of interest in obtaining 2019's because they did not get them when they first came out. There is also reports of new coin holders coming out to include the W slots for them.

  • SweetpieSweetpie Posts: 469 ✭✭✭

    @tommyrusty7 said:
    If that is the case there ill be a lot of interest in obtaining 2019's because they did not get them when they first came out. There is also reports of new coin holders coming out to include the W slots for them.

    I noticed a surge in some of the ending auctions recently over prices from , say , Nov/Dec, 2019. Some of them almost doubled than from what they were.

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    That is what is happening already since it was announced that there would be W quarters this year. Everybody thought this would be a one time shot but it is not and everybody is starting to scramble to load up on them. One buyer started it by buying up all of the American Memorials and it will mushroom from there.

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    @tommyrusty7 said:
    That is what is happening already since it was announced that there would be W quarters this year. Everybody thought this would be a one time shot but it is not and everybody is starting to scramble to load up on them. One buyer started it by buying up all of the American Memorials and it will mushroom from there.

    Agree. Prices that were tanking for 2019-Ws are starting to float back up.

    Most evident in AMs.

    This’ll be an interesting year.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @Hemispherical said:

    Agree. Prices that were tanking for 2019-Ws are starting to float back up.

    My 300+ slab inventory is glad to hear that.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    @derryb said:

    @Hemispherical said:

    Agree. Prices that were tanking for 2019-Ws are starting to float back up.

    My 300+ slab inventory is glad to hear that.

    Ahead of the game.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @Hemispherical said:

    @derryb said:

    @Hemispherical said:

    Agree. Prices that were tanking for 2019-Ws are starting to float back up.

    My 300+ slab inventory is glad to hear that.

    Ahead of the game.

    Not really, sold many, many more.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    I sold most of mine too but still have some.

  • Mdcoincollector2003Mdcoincollector2003 Posts: 665 ✭✭✭✭✭

    @tommyrusty7 said:
    I use Wells Fargo myself as there are loads of them in Albuquerque. The ones I open go back to a credit union as I have 3 different credit unions I deal with. I do not open rolls that are strictly old coins, I just take them back to other banks that I do not order my coins from. I have lots of bank accounts.

    I always open every roll because they still have a chance of a W or proof, but I understand if you don’t. However from my experience there is a silver quarter every one or two silver quarters, you can weigh each roll and the one with silver will weigh slightly more.

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    I have found a few silver quarters in my search. If I miss one when looking through the rolls the coin counter will kick them out anyway.

    As far as folders go I understand Wizard has them for the W quarters but have not checked that out myself s I am not a collector.

  • Thanks for explaining the privy mark. The W's are cool.

    My Favorite Design of the series is the 2017 Effigy Mounds. I think it's a beautiful design.

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    @nickelsciolist said:
    Thanks for explaining the privy mark. The W's are cool.

    My Favorite Design of the series is the 2017 Effigy Mounds. I think it's a beautiful design.

    Still five more to go. Seems many are “batty” over America Samoa’s ATB quarter.

  • tommyrusty7tommyrusty7 Posts: 2,016 ✭✭✭✭

    I like the the Lowell with the spinning wheel.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited January 29, 2020 1:06PM

    busy day today. Gonna be a long night. Too early for 2020's but maybe some 2019 W's?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    @derryb said:
    busy day today. Gonna be a long night. Too early for 2020's but maybe some 2019 W's?

    How many different locations were visited?

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file