Collector gets interested in the coins and contest.
Contest quarter get sold for more than what some here would pay.
Forums rag on the value placed on the contest coin.
I understand the opinions of many that posted, but I also wonder what our host thinks of this.
I'm not sure that PCGS created the contest trying to create a "rare slab".
What makes you unsure? Our hosts put "PCGS First Discovery" on the slab. What other intention can they have?
PCGS First Discovery has also been assigned its own PCGS Coin Number and is listed as a Variety in PCGS Cert Verification and CoinFacts.
I'm aware that PCGS intentionally created the promotional contest and the slab that went along with it. But it's just publicity to them. It's not a slab that they "sell" a lot of, for obvious reasons.
There are "rare" PCGS sample slabs also. But, again, in those cases I don't think PCGS was trying to create a rare slab on the secondary market. They were just trying to get the promotional benefit of distributing the sample slabs at a show.
I'm sure it helps garner even more publicity if such a slab makes a splash on the secondary market. But I don't know that it was intentionally created for that reason. After all, PCGS can't control the secondary market.
[To be fair, I also can't be sure that wasn't part of their plan.]
Dont you just love it when a member posts something that garners an opinion contrary to his liking, and he immediately screams that this is the reason the "hobby is dying?" I've seen it over and over.
While I thought it was cool for PCGS to do this contest, and even nice of them to slab the coin found as "the discovery coin," I think you would be hard pressed to find most anyone who would pay a premium for the luxury of ownership. I tend to think it would be a nice keepsake for the finder.
As we've pointed out, there is literally nothing to distinguish it from the other 2,000,000 coins except the label which most people don't care about. That is because it is usually about the COIN with coin collectors.
The exception for me, and admittedly a little contrary to what I just wrote, is when the coin is connected to a moment in history like a shipwreck, 9/11 recovery, etc. Not a little contest that will be forgotten quickly.
Collect what you like, but don't expect others to "get it."
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
@DCW said:
Dont you just love it when a member posts something that garners an opinion contrary to his liking, and he immediately screams that this is the reason the "hobby is dying?" I've seen it over and over.
While I thought it was cool for PCGS to do this contest, and even nice of them to slab the coin found as "the discovery coin," I think you would be hard pressed to find most anyone who would pay a premium for the luxury of ownership. I tend to think it would be a nice keepsake for the finder.
As we've pointed out, there is literally nothing to distinguish it from the other 2,000,000 coins except the label which most people don't care about. That is because it is usually about the COIN with coin collectors.
The exception for me, and admittedly a little contrary to what I just wrote, is when the coin is connected to a moment in history like a shipwreck, 9/11 recovery, etc. Not a little contest that will be forgotten quickly.
Collect what you like, but don't expect others to "get it."
I want to partly disagree. I think there are a LOT of people who would pay a premium for ownership of the coin. I'm not sure there are many that would pay $3000. But there are a LOT of slab collectors and this is a relatively scarce slab. If you put this coin side-by-side with an identically graded coin, I'd pay $50+ for the special label.
Edited to add: look at what sample slabs and the like sell for.
Collector gets interested in the coins and contest.
Contest quarter get sold for more than what some here would pay.
Forums rag on the value placed on the contest coin.
I understand the opinions of many that posted, but I also wonder what our host thinks of this.
There is a saying that goes something like "any publicity is good publicity". I also would not consider what has gone on in this thread as "ragging" on the value of this coin. Rather just pointing out that this type of situation can be a dangerous way to loose a fair sum of money because the value of the sale is not in the coin but solely in the label. If anyone is ever foolish enough to crack this coin out it instantly looses over 99% of the value. If you want to see ragging on something that matters to PCGS head over to the registry forum and read some of the threads created by some modern coin collectors and their dislikes of how the registry is run.
As to the one individual who got his underwear in a bunch, well he is a roll search guy who sells these on the BST (and perhaps ebay), so his whole involvement was more of the pump and dump routine and protecting his business interest rather than as a collector.
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
We all have different ways to collect and have different budgets. People often express surprise at what other people will pay for lots of coins and slabs on these forums including:
classic condition rarities
modern condition rarities
First Strike
NGC black slabs
sample slabs
low balls
Even classic condition rarities which are broken out can come back a grade lower losing a large amount of value.
I collect some of these. Are the prices I pay pretty crazy? Many think so.
The W quarters and program are designed to add some excitement to collecting. Our hosts tried to do the same with the contest.
If someone wants to pay $3k for this and knows what they are buying, it's pretty exciting to me because it shows interest in the coins and the hobby, when we haven't had excitement for moderns at this level for some time.
And I will say that $3K is pretty low compared to the $100K that this coin sold for!
Here's something I paid four figures for which wouldn't do well if it was cracked out! But at least it has some good diagnostics so it could possibly get the provenance back, unlike say a NGC black slab or the Kennedy above. Pretty crazy? Possibly, but it's also fun.
@Zoins said:
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
We all have different ways to collect and have different budgets. People often express surprise at what other people will pay for lots of coins and slabs on these forums including:
classic condition rarities
modern condition rarities
First Strike
NGC black slabs
sample slabs
low balls
Even classic condition rarities which are broken out can come back a grade lower losing a large amount of value.
I collect some of these. Are the prices I pay pretty crazy? Many think so.
The W quarters and program are designed to add some excitement to collecting. Our hosts tried to do the same with the contest.
If someone wants to pay $3k for this and knows what they are buying, it's pretty exciting to me because it shows interest in the coins and the hobby, when we haven't had excitement for moderns at this level for some time.
And I will say that $3K is pretty low compared to the $100K that this coin sold for!
Here's something I paid four figures for which wouldn't do well if it was cracked out! But at least it has some good diagnostics so it could possibly get the provenance back, unlike say a NGC black slab. Pretty crazy? Possibly, but it's also fun.
I agree and thank you for the attempt to promote and encourage a positive thread about W quarters.
I am one collector who loves the thrill of the hunt for them and yes I do sell or trade them to support my family and my hobby. I believe all collectors do the same. We sell in order to support our purchases and occasionally we hit the jackpot and make some extra cash🤣😂.
It's a shame this thread got hijacked by the haters but it seems some members just can't resist being negative or maybe they enjoy it? Such a waste of time and energy but at least they are consistent in their negative posts no matter what the topic🙄. If you pay attention it always seems to be the same people 🤔
@Zoins said:
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
We all have different ways to collect and have different budgets. People often express surprise at what other people will pay for lots of coins and slabs on these forums including:
classic condition rarities
modern condition rarities
First Strike
NGC black slabs
sample slabs
low balls
Even classic condition rarities which are broken out can come back a grade lower losing a large amount of value.
I collect some of these. Are the prices I pay pretty crazy? Many think so.
The W quarters and program are designed to add some excitement to collecting. Our hosts tried to do the same with the contest.
If someone wants to pay $3k for this and knows what they are buying, it's pretty exciting to me because it shows interest in the coins and the hobby, when we haven't had excitement for moderns at this level for some time.
And I will say that $3K is pretty low compared to the $100K that this coin sold for!
Here's something I paid four figures for which wouldn't do well if it was cracked out! But at least it has some good diagnostics so it could possibly get the provenance back, unlike say a NGC black slab. Pretty crazy? Possibly, but it's also fun.
I agree and thank you for the attempt to promote and encourage a positive thread about W quarters.
I do think the quarters are neat and I like what the Mint is trying to do to get more interest in circulation coins. Many of the top coin collectors like Pogue mentioned above started collecting from change which disappeared in the 60s with the change to clad. These new programs are bringing back some excitement.
I am one collector who loves the thrill of the hunt for them and yes I do sell them to support my family and my hobby. I believe all collectors do the same. We sell in order to support our purchases and occasionally we hit the jackpot and make some extra cash🤣😂.
I'm glad you find the hunt fun.
It's a shame this thread got hijacked by the haters but it seems some members just can't resist being negative or maybe they enjoy it? Such a waste of time and energy but at least they are consistent in their negative posts no matter what the topic🙄. If you pay attention it always seems to be the same people 🤔
Haters is a bit strong and I wouldn't use that label myself. I think the posters here have good intentions but may come across as a bit strong.
There is valid concern about paying a lot for things which questionable value only to see that value drop substantially over time resulting in large financial losses. But this can happen in many places. One of the biggest places experience this is in new US Mint issues directly from the Mint, especially commemorative gold.
For this particular piece, there are only 2 "PCGS First Discovery" pieces which makes it much more rare.
@WQuarterFreddie
Just as long as some other "collector" is holding the bag, right? Admittedly, you make money on these and even named yourself after them. All well and good, but...
We commented on this thread not against the W quarters themselves, but against the price tag on a faux rarity that is all about the label. No one is criticizing PCGS here for running a contest or slabbing it as such. Most just have the opinion that paying that kind of money for something like this is insane and will never hold onto its value.
That is a fair opinion, and you don't have to like it. Sorry if that comes off as "negative," but it is an opinion nevertheless.
As far as the hobby "dying" because people dislike gimmicks like this? I would be more inclined to believe if it is dying, it is because more and more of this kind of ilk are popping up that ALWAYS burn people in the long run. No one likes losing money, even if they are having "fun" doing it. Take a look at what has happened to baseball cards if you don't believe me. #'d cards 1/1, 1/5, 1/25, 1/100, red, blue, orange, yellow, etc. To stay on top of a single player you've got to buy every color of the rainbow and that is for just one card company. And if you want his rookie card, forgettaboutit, they've gone further and further back until you are looking for a card of the player in his Little League uniform.
But, I digress, do you own the piece in the OP? If you found it and are selling it, this would explain a lot.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Having an opinion contrary to yours isn't being "negative", it is simply having an opinion contrary to yours.
And I'm not sure why you are so defensive about 2 coins unless you bought them or found them. And if you own them, you at least know that this isn't the place yo sell them.
And if you want to promote the hobby, you could give away the W quarters you find to YN's.
My thoughts...I think it's cool the mint is being proactive to stimulate interest in collecting. The State and Nat'l Parks programs are what got me into it, and there seems to be lots of interest in the "W"s.
I deliberately ignored this thread until now. I was pretty sure how it would go, and it turns out, I was right.
Most human behavior stopped surprising me quite a while back, and the fact that someone would be willing to pay $3k for a regular quarter in a special label doesn't seem so odd. Expecting the majority of coin collectors (and especially classic coin collectors) to understand it requires a stretch of the imagination.
I don't like the mint program at all, and I think they're coming up with deliberately contrived "rarities" at this point. They, like everyone else, have learned how to bleed money off of collectors and that's the thing that bugs me the most. They work for us. We pay their salary and they should concern themselves more with the needs of commerce and less with "turning a profit."
@jmlanzaf said:
Having an opinion contrary to yours isn't being "negative", it is simply having an opinion contrary to yours.
And I'm not sure why you are so defensive about 2 coins unless you bought them or found them. And if you own them, you at least know that this isn't the place yo sell them.
And if you want to promote the hobby, you could give away the W quarters you find to YN's.
Wow. A lot of hate here 😂🤣. First, how you express your opinion is what determines if it is negative.
Second, never ever posted anything for sale here in the US Coin forum because I know better. Also, I didn't create this thread!
Third, I have given away a complete set of 2019-W to a YN forum member here and I am happy to donate more but as I stated earlier this hobby is dying. I haven't seen more than one on here 🤣😂. Also. I have donated many W to friends, family and my local coin dealers.
Final comment, we all know now you hate W quarters so why are you still on this thread? Please just stop commenting. I will not reply to you any longer. I am too busy finding W quarters!😂🤣
@jmlanzaf said:
Having an opinion contrary to yours isn't being "negative", it is simply having an opinion contrary to yours.
And I'm not sure why you are so defensive about 2 coins unless you bought them or found them. And if you own them, you at least know that this isn't the place yo sell them.
And if you want to promote the hobby, you could give away the W quarters you find to YN's.
Wow. A lot of hate here 😂🤣. First, how you express your opinion is what determines if it is negative.
Second, never ever posted anything for sale here in the US Coin forum because I know better. Also, I didn't create this thread!
Third, I have given away a complete set of 2019-W to a YN forum member here and I am happy to donate more but as I stated earlier this hobby is dying. I haven't seen more than one on here 🤣😂. Also. I have donated many W to friends, family and my local coin dealers.
Final comment, we all know now you hate W quarters so why are you still on this thread? Please just stop commenting. I will not reply to you any longer. I am too busy finding W quarters!😂🤣
I do not hate W quarters. Find one comment I made against W quarters.
I don't even hate the $3000 slab. I haven't even criticized it.
I do think the term discovery had been misused relative to its normal numismatic meaning.
@BryceM said:
I deliberately ignored this thread until now. I was pretty sure how it would go, and it turns out, I was right.
Most human behavior stopped surprising me quite a while back, and the fact that someone would be willing to pay $3k for a regular quarter in a special label doesn't seem so odd. Expecting the majority of coin collectors (and especially classic coin collectors) to understand it requires a stretch of the imagination.
Many people are still surprised at the coin collecting behavior in general
I don't like the mint program at all, and I think they're coming up with deliberately contrived "rarities" at this point. They, like everyone else, have learned how to bleed money off of collectors and that's the thing that bugs me the most. They work for us. We pay their salary and they should concern themselves more with the needs of commerce and less with "turning a profit."
While there are US Mint programs that profit off of collectors, one thing I like about various circulation quarters, W included, is that collectors don't have to pay any numismatic premium to enjoy them from change. I will admit to enjoying seeing a new quarter sub-type in circulation vs. simply a date / mint mark.
Of course, the proof and mint sets are different. Perhaps what concerns me the most is "gaming the system", like using mint marks when you want collectors to pay more and not using them when you don't. The following is an example where a coin is struck at the San Francisco Mint but doesn't have the "S" mint mark because it's a bullion coin and there would be no numismatic premium, such as for the "S" proof coin. To me, it's better to either put mint marks on coins struck at a Mint or not, vs. putting them on for proof coins and not bullion coins.
I thought only 2 million have the privy mark.
Mint should have minted some privy mark marsh-billings proofs and randomly placed the coin in silver proof set. That for sure would start the proof set buying frenzy
I thought only 2 million have the privy mark.
Mint should have minted some privy mark marsh-billings proofs and randomly placed the coin in silver proof set. That for sure would start the proof set buying frenzy
All 2020 W have the privy mark...2 million per quarter....5 quarters total....so 10 million
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
Interesting because from my initial reading of your op (and after rereading it) I did not come away with any sense that you were celebrating the coins, it seemed more like a statement of fact.
I do think the quarters are neat and I like what the Mint is trying to do to get more interest in circulation coins. Many of the top coin collectors like Pogue mentioned above started collecting from change which disappeared in the 60s with the change to clad. These new programs are bringing back some excitement.
So here is the rub, if the mint wanted to bring in new people to the hobby through collecting from change why the limited production. That promotes what we see today with roll searchers going to any lengths to secure the quarters before the general public has a chance to find any/many. The statehood and ATB quarters were a true collect from change initiative, this limited W production stuff does little to promote collecting from change.
Because of my business I see at least 10X's the amount of quarters than the normal individual would see from change back in commerce and I have only seen/held about 8 so far including last year and this year, not a big incentive from my point of view. The only way I or anyone could ever hope to complete a set is to become a roll searcher and spend the countless hours doing so, or buy them.
@Zoins said:
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
Interesting because from my initial reading of your op (and after rereading it) I did not come away with any sense that you were celebrating the coins, it seemed more like a statement of fact.
Well, I included some exclamation points which I had hoped would demonstrate my excitement. What would have worked better for you?
@Zoins said:
I do think the quarters are neat and I like what the Mint is trying to do to get more interest in circulation coins. Many of the top coin collectors like Pogue mentioned above started collecting from change which disappeared in the 60s with the change to clad. These new programs are bringing back some excitement.
So here is the rub, if the mint wanted to bring in new people to the hobby through collecting from change why the limited production. That promotes what we see today with roll searchers going to any lengths to secure the quarters before the general public has a chance to find any/many. The statehood and ATB quarters were a true collect from change initiative, this limited W production stuff does little to promote collecting from change.
Because of my business I see at least 10X's the amount of quarters than the normal individual would see from change back in commerce and I have only seen/held about 8 so far including last year and this year, not a big incentive from my point of view. The only way I or anyone could ever hope to complete a set is to become a roll searcher and spend the countless hours doing so, or buy them.
You need a limited production to make it worth searching for. 2 million is quite a bit so someone can have a reasonable probability of being successful.
Are all 2 million released at once? If they are, I can see the issue you mention, but hopefully they are released over time.
I do like how the Karl P. Maryland Specimen was found in change at a local convenience store! (excitement!)
You need a limited production to make it worth searching for. 2 million is quite a bit so someone can have a reasonable probability of being successful.
Are all 2 million released at once? If they are, I can see the issue you mention, but hopefully they are released over time.
I do like how the Karl P. Maryland Specimen was found in change at a local convenience store! (excitement!)
Why do you need a limited production to make it worth finding, I put together three sets of the statehood quarters one for each of my daughters and one for my self all from change. Making it limited only excludes the general public, in other words it excludes the very target group. The limited production does make it worth finding for those looking to make a quick buck, not for invigorating new collectors. Keep in mind that I'm talking about the broad range of all the W qtrs not just the two that were in the contest.
You need a limited production to make it worth searching for. 2 million is quite a bit so someone can have a reasonable probability of being successful.
Are all 2 million released at once? If they are, I can see the issue you mention, but hopefully they are released over time.
I do like how the Karl P. Maryland Specimen was found in change at a local convenience store! (excitement!)
Why do you need a limited production to make it worth finding, I put together three sets of the statehood quarters one for each of my daughters and one for my self all from change. Making it limited only excludes the general public, in other words it excludes the very target group. The limited production does make it worth finding for those looking to make a quick buck, not for invigorating new collectors. Keep in mind that I'm talking about the broad range of all the W qtrs not just the two that were in the contest.
Because the limited mintage is what creates the "worth". I image the 2 million W quarters would be worth more than 25 cents a piece.
I've put together statehood quarter sets from circulation because it was fun, but it didn't really feel that special. It was like watching a tv show or playing a game, fun but not "worth" anything beyond the fun of doing the activity.
Because the limited mintage is what creates the "worth". I image the 2 million W quarters would be worth more than 25 cents a piece.
I've put together statehood quarter sets from circulation because it was fun, but it didn't really feel that special. It was like watching a tv show or playing a game, fun but not "worth" anything beyond the fun of doing the activity.
Why does it have to be special or valuable right now for it to be worth collecting? Were kids in 1955 who were looking through change and filling holes all bored by that activity because it was not special? I agree that the statehood quarters are not overly special but hey I'm a coin collector so I collected them from change no less so I find that kinda cool. If you were your age now in 1955 and collecting from change would that have been any different? Was it less special or fun then compared to now? Part of the reason collecting from change today is less appealing is all the change looks the same. In 1955 you would have been able to find walkers, mercs, buffalos, maybe even the occasional barber, we just have the same dead presidents that we've had for eons. So I get that the limited production could add some excitement, but its hard to get excited when you know that most of the W quarters have been plucked already.
Yes, the raw W quarters are worth on average $8 to $20 at this point so they are definitely worth it. I believe they will hold this value into 2021 and settle out at $8 to $10 by this time next year. Just my 25 cents🤣😂
Regarding finding them in circulated change the odds are much higher for the 2020 W quarters due to COVID-19 shutting bank lobbies and the " change "shortage" earlier this summer. The CRH have been severely hampered by limited supply of bank boxes so the stores have been a great source.
@Zoins said:
Because the limited mintage is what creates the "worth". I image the 2 million W quarters would be worth more than 25 cents a piece.
I've put together statehood quarter sets from circulation because it was fun, but it didn't really feel that special. It was like watching a tv show or playing a game, fun but not "worth" anything beyond the fun of doing the activity.
Why does it have to be special or valuable right now for it to be worth collecting? Were kids in 1955 who were looking through change and filling holes all bored by that activity because it was not special? I agree that the statehood quarters are not overly special but hey I'm a coin collector so I collected them from change no less so I find that kinda cool. If you were your age now in 1955 and collecting from change would that have been any different? Was it less special or fun then compared to now? Part of the reason collecting from change today is less appealing is all the change looks the same. In 1955 you would have been able to find walkers, mercs, buffalos, maybe even the occasional barber, we just have the same dead presidents that we've had for eons. So I get that the limited production could add some excitement, but its hard to get excited when you know that most of the W quarters have been plucked already.
If you look at Simpson, he was looking for a bronze 43 cent as a kid and that dream was finally fulfilled decades later. In 1955 I imagine finding a 1955 DDO cent would be like finding a Cheerios dollar now... just awesome.
I don't know that most of the W quarters have been plucked. I find it highly unlikely that 2 million quarters or even half are found in the first 2 months. At even six months of circulation, I think it's pretty interesting.
The only way I or anyone could ever hope to complete a set is to become a roll searcher and spend the countless hours doing so, or buy them.
I think spending countless hours searching coins is how some people get excited about them, but let's take a look at Karl P of Maryland again. He found his W quarter in change at a convenience store! The serendipity of it is part of what makes it interesting.
As an example, I collected baseball cards as a kid. It was fun getting packs at a time for cheap and trying to build a full set. As soon as I could buy a full set, it got boring and I lost interest. The thing about the rare coins is that they may be priced more than a person could buy as a kid and they may be rare enough to be hard to find. This way, you grow up remembering the one you didn't find, not the one you found really easily.
Ok. So the Mint just released the last ATB quarter yesterday and confirmed that this Tuskegee Airmen quarter will not have any W produced. More importantly, they confirmed no 2021 W will be produced for circulated coinage!😪
@WQuarterFreddie said:
Ok. So the Mint just released the last ATB quarter yesterday and confirmed that this Tuskegee Airmen quarter will not have any W produced. More importantly, they confirmed no 2021 W will be produced for circulated coinage!😪
That's strange. I wonder why they would do that. One would imagine they would at least finish out the ATB series.
My guess is COVID-19 has disrupted their production and planning. They stated they released this quarter a month earlier than planned due to the need for circulated quarters in the economy.
Comments
https://www.usmint.gov/news/inside-the-mint/privy-marks-on-coins#:~:text=The obverse of the 2020 America the Beautiful,privy mark on select coins and numismatic products.> @Zoins said:
I'm aware that PCGS intentionally created the promotional contest and the slab that went along with it. But it's just publicity to them. It's not a slab that they "sell" a lot of, for obvious reasons.
There are "rare" PCGS sample slabs also. But, again, in those cases I don't think PCGS was trying to create a rare slab on the secondary market. They were just trying to get the promotional benefit of distributing the sample slabs at a show.
I'm sure it helps garner even more publicity if such a slab makes a splash on the secondary market. But I don't know that it was intentionally created for that reason. After all, PCGS can't control the secondary market.
[To be fair, I also can't be sure that wasn't part of their plan.]
Dont you just love it when a member posts something that garners an opinion contrary to his liking, and he immediately screams that this is the reason the "hobby is dying?" I've seen it over and over.
While I thought it was cool for PCGS to do this contest, and even nice of them to slab the coin found as "the discovery coin," I think you would be hard pressed to find most anyone who would pay a premium for the luxury of ownership. I tend to think it would be a nice keepsake for the finder.
As we've pointed out, there is literally nothing to distinguish it from the other 2,000,000 coins except the label which most people don't care about. That is because it is usually about the COIN with coin collectors.
The exception for me, and admittedly a little contrary to what I just wrote, is when the coin is connected to a moment in history like a shipwreck, 9/11 recovery, etc. Not a little contest that will be forgotten quickly.
Collect what you like, but don't expect others to "get it."
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I want to partly disagree. I think there are a LOT of people who would pay a premium for ownership of the coin. I'm not sure there are many that would pay $3000. But there are a LOT of slab collectors and this is a relatively scarce slab. If you put this coin side-by-side with an identically graded coin, I'd pay $50+ for the special label.
Edited to add: look at what sample slabs and the like sell for.
There is a saying that goes something like "any publicity is good publicity". I also would not consider what has gone on in this thread as "ragging" on the value of this coin. Rather just pointing out that this type of situation can be a dangerous way to loose a fair sum of money because the value of the sale is not in the coin but solely in the label. If anyone is ever foolish enough to crack this coin out it instantly looses over 99% of the value. If you want to see ragging on something that matters to PCGS head over to the registry forum and read some of the threads created by some modern coin collectors and their dislikes of how the registry is run.
As to the one individual who got his underwear in a bunch, well he is a roll search guy who sells these on the BST (and perhaps ebay), so his whole involvement was more of the pump and dump routine and protecting his business interest rather than as a collector.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
We all have different ways to collect and have different budgets. People often express surprise at what other people will pay for lots of coins and slabs on these forums including:
Even classic condition rarities which are broken out can come back a grade lower losing a large amount of value.
I collect some of these. Are the prices I pay pretty crazy? Many think so.
The W quarters and program are designed to add some excitement to collecting. Our hosts tried to do the same with the contest.
If someone wants to pay $3k for this and knows what they are buying, it's pretty exciting to me because it shows interest in the coins and the hobby, when we haven't had excitement for moderns at this level for some time.
And I will say that $3K is pretty low compared to the $100K that this coin sold for!
Here's something I paid four figures for which wouldn't do well if it was cracked out! But at least it has some good diagnostics so it could possibly get the provenance back, unlike say a NGC black slab or the Kennedy above. Pretty crazy? Possibly, but it's also fun.
I agree and thank you for the attempt to promote and encourage a positive thread about W quarters.
I am one collector who loves the thrill of the hunt for them and yes I do sell or trade them to support my family and my hobby. I believe all collectors do the same. We sell in order to support our purchases and occasionally we hit the jackpot and make some extra cash🤣😂.
It's a shame this thread got hijacked by the haters but it seems some members just can't resist being negative or maybe they enjoy it? Such a waste of time and energy but at least they are consistent in their negative posts no matter what the topic🙄. If you pay attention it always seems to be the same people 🤔
I do think the quarters are neat and I like what the Mint is trying to do to get more interest in circulation coins. Many of the top coin collectors like Pogue mentioned above started collecting from change which disappeared in the 60s with the change to clad. These new programs are bringing back some excitement.
I'm glad you find the hunt fun.
Haters is a bit strong and I wouldn't use that label myself. I think the posters here have good intentions but may come across as a bit strong.
There is valid concern about paying a lot for things which questionable value only to see that value drop substantially over time resulting in large financial losses. But this can happen in many places. One of the biggest places experience this is in new US Mint issues directly from the Mint, especially commemorative gold.
For this particular piece, there are only 2 "PCGS First Discovery" pieces which makes it much more rare.
@WQuarterFreddie
Just as long as some other "collector" is holding the bag, right? Admittedly, you make money on these and even named yourself after them. All well and good, but...
We commented on this thread not against the W quarters themselves, but against the price tag on a faux rarity that is all about the label. No one is criticizing PCGS here for running a contest or slabbing it as such. Most just have the opinion that paying that kind of money for something like this is insane and will never hold onto its value.
That is a fair opinion, and you don't have to like it. Sorry if that comes off as "negative," but it is an opinion nevertheless.
As far as the hobby "dying" because people dislike gimmicks like this? I would be more inclined to believe if it is dying, it is because more and more of this kind of ilk are popping up that ALWAYS burn people in the long run. No one likes losing money, even if they are having "fun" doing it. Take a look at what has happened to baseball cards if you don't believe me. #'d cards 1/1, 1/5, 1/25, 1/100, red, blue, orange, yellow, etc. To stay on top of a single player you've got to buy every color of the rainbow and that is for just one card company. And if you want his rookie card, forgettaboutit, they've gone further and further back until you are looking for a card of the player in his Little League uniform.
But, I digress, do you own the piece in the OP? If you found it and are selling it, this would explain a lot.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Having an opinion contrary to yours isn't being "negative", it is simply having an opinion contrary to yours.
And I'm not sure why you are so defensive about 2 coins unless you bought them or found them. And if you own them, you at least know that this isn't the place yo sell them.
And if you want to promote the hobby, you could give away the W quarters you find to YN's.
This is even more confusing to me! How are there "TWO" First Discoveries?! 🤣
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
You mentioned First Strike already. Do you know how many of those exist?
That would be the BST forum right?
My thoughts...I think it's cool the mint is being proactive to stimulate interest in collecting. The State and Nat'l Parks programs are what got me into it, and there seems to be lots of interest in the "W"s.
I deliberately ignored this thread until now. I was pretty sure how it would go, and it turns out, I was right.
Most human behavior stopped surprising me quite a while back, and the fact that someone would be willing to pay $3k for a regular quarter in a special label doesn't seem so odd. Expecting the majority of coin collectors (and especially classic coin collectors) to understand it requires a stretch of the imagination.
I don't like the mint program at all, and I think they're coming up with deliberately contrived "rarities" at this point. They, like everyone else, have learned how to bleed money off of collectors and that's the thing that bugs me the most. They work for us. We pay their salary and they should concern themselves more with the needs of commerce and less with "turning a profit."
Wow. A lot of hate here 😂🤣. First, how you express your opinion is what determines if it is negative.
Second, never ever posted anything for sale here in the US Coin forum because I know better. Also, I didn't create this thread!
Third, I have given away a complete set of 2019-W to a YN forum member here and I am happy to donate more but as I stated earlier this hobby is dying. I haven't seen more than one on here 🤣😂. Also. I have donated many W to friends, family and my local coin dealers.
Final comment, we all know now you hate W quarters so why are you still on this thread? Please just stop commenting. I will not reply to you any longer. I am too busy finding W quarters!😂🤣
I do not hate W quarters. Find one comment I made against W quarters.
I don't even hate the $3000 slab. I haven't even criticized it.
I do think the term discovery had been misused relative to its normal numismatic meaning.
So, where's the hate?
Many people are still surprised at the coin collecting behavior in general
While there are US Mint programs that profit off of collectors, one thing I like about various circulation quarters, W included, is that collectors don't have to pay any numismatic premium to enjoy them from change. I will admit to enjoying seeing a new quarter sub-type in circulation vs. simply a date / mint mark.
Of course, the proof and mint sets are different. Perhaps what concerns me the most is "gaming the system", like using mint marks when you want collectors to pay more and not using them when you don't. The following is an example where a coin is struck at the San Francisco Mint but doesn't have the "S" mint mark because it's a bullion coin and there would be no numismatic premium, such as for the "S" proof coin. To me, it's better to either put mint marks on coins struck at a Mint or not, vs. putting them on for proof coins and not bullion coins.
I thought only 2 million have the privy mark.
Mint should have minted some privy mark marsh-billings proofs and randomly placed the coin in silver proof set. That for sure would start the proof set buying frenzy
All 2020 W have the privy mark...2 million per quarter....5 quarters total....so 10 million
I was hoping this would be a thread to celebrate these coins and the interest in them. It's turned out a bit differently than that.
Interesting because from my initial reading of your op (and after rereading it) I did not come away with any sense that you were celebrating the coins, it seemed more like a statement of fact.
So here is the rub, if the mint wanted to bring in new people to the hobby through collecting from change why the limited production. That promotes what we see today with roll searchers going to any lengths to secure the quarters before the general public has a chance to find any/many. The statehood and ATB quarters were a true collect from change initiative, this limited W production stuff does little to promote collecting from change.
Because of my business I see at least 10X's the amount of quarters than the normal individual would see from change back in commerce and I have only seen/held about 8 so far including last year and this year, not a big incentive from my point of view. The only way I or anyone could ever hope to complete a set is to become a roll searcher and spend the countless hours doing so, or buy them.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Well, I included some exclamation points which I had hoped would demonstrate my excitement. What would have worked better for you?
You need a limited production to make it worth searching for. 2 million is quite a bit so someone can have a reasonable probability of being successful.
Are all 2 million released at once? If they are, I can see the issue you mention, but hopefully they are released over time.
I do like how the Karl P. Maryland Specimen was found in change at a local convenience store! (excitement!)
Maybe a simple comment like "how cool is this" would have better demonstrated your excitment.
Why do you need a limited production to make it worth finding, I put together three sets of the statehood quarters one for each of my daughters and one for my self all from change. Making it limited only excludes the general public, in other words it excludes the very target group. The limited production does make it worth finding for those looking to make a quick buck, not for invigorating new collectors. Keep in mind that I'm talking about the broad range of all the W qtrs not just the two that were in the contest.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I added your suggestion to the title. How does it look now?
Because the limited mintage is what creates the "worth". I image the 2 million W quarters would be worth more than 25 cents a piece.
I've put together statehood quarter sets from circulation because it was fun, but it didn't really feel that special. It was like watching a tv show or playing a game, fun but not "worth" anything beyond the fun of doing the activity.
Seems more informative now, I like it.
Why does it have to be special or valuable right now for it to be worth collecting? Were kids in 1955 who were looking through change and filling holes all bored by that activity because it was not special? I agree that the statehood quarters are not overly special but hey I'm a coin collector so I collected them from change no less so I find that kinda cool. If you were your age now in 1955 and collecting from change would that have been any different? Was it less special or fun then compared to now? Part of the reason collecting from change today is less appealing is all the change looks the same. In 1955 you would have been able to find walkers, mercs, buffalos, maybe even the occasional barber, we just have the same dead presidents that we've had for eons. So I get that the limited production could add some excitement, but its hard to get excited when you know that most of the W quarters have been plucked already.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Yes, the raw W quarters are worth on average $8 to $20 at this point so they are definitely worth it. I believe they will hold this value into 2021 and settle out at $8 to $10 by this time next year. Just my 25 cents🤣😂
Regarding finding them in circulated change the odds are much higher for the 2020 W quarters due to COVID-19 shutting bank lobbies and the " change "shortage" earlier this summer. The CRH have been severely hampered by limited supply of bank boxes so the stores have been a great source.
If you look at Simpson, he was looking for a bronze 43 cent as a kid and that dream was finally fulfilled decades later. In 1955 I imagine finding a 1955 DDO cent would be like finding a Cheerios dollar now... just awesome.
I don't know that most of the W quarters have been plucked. I find it highly unlikely that 2 million quarters or even half are found in the first 2 months. At even six months of circulation, I think it's pretty interesting.
I think spending countless hours searching coins is how some people get excited about them, but let's take a look at Karl P of Maryland again. He found his W quarter in change at a convenience store! The serendipity of it is part of what makes it interesting.
As an example, I collected baseball cards as a kid. It was fun getting packs at a time for cheap and trying to build a full set. As soon as I could buy a full set, it got boring and I lost interest. The thing about the rare coins is that they may be priced more than a person could buy as a kid and they may be rare enough to be hard to find. This way, you grow up remembering the one you didn't find, not the one you found really easily.
Beautiful 2021 quarter (from US Mint website)
does anyone know if the mint will be making W-minted tuskegee quarters in 2021?
This is a great, iconic design. I hope we can finally move away from the spaghetti hair as shown in the renditions.
Ok.....a bit off topic though 😂🤔
I don't believe so....just S,P and D
Ok. So the Mint just released the last ATB quarter yesterday and confirmed that this Tuskegee Airmen quarter will not have any W produced. More importantly, they confirmed no 2021 W will be produced for circulated coinage!😪
That's strange. I wonder why they would do that. One would imagine they would at least finish out the ATB series.
My guess is COVID-19 has disrupted their production and planning. They stated they released this quarter a month earlier than planned due to the need for circulated quarters in the economy.