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2019/2020 W Quarter CRH finding & Market overview

Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭
edited July 14, 2023 11:23AM in U.S. Coin Forum

Just want to share as to what I am seeing on finding (CRH) 2019 & 2020 W quarters including market sales:

Finding W quarters is a bit more difficult in both quantity & quality. To date (2023) I have found ~ 26 W quarters, 18 2020 and 8 2019.
I have had 21 confirmed sells on eBay with 2 pending. The average Gross revenue is ~ $14.75/coin and an average net of $11.25.
Cost included eBay's take, the actual coin, material & shipping. - all coins are circulated. Sales started only from April.

The gross margin is ~72% so good return on investment. None of the sales were the 2019 Memorial Paek or the 2020 Marsh-Billings which are the rarest to find and bring back the highest sales revenue ~ =/> $25/per coin (Nice condition coins ~ >$30)

I start all sales as auctions, starting bids at $1.98 with shipping cost ian additional at $1.12.

Hinden cost arguments:
Time: Time cost not included: My time is this is my hobby (that I enjoy) and I reinvest all earnings into silver (I do not gulf)
Gas: Transportation to banks: I do not include gas expense as I have a good job and work from home (previous work commute was ~120 miles per day) So I save on gas and make bank trips included in other activities.

Summary:
Most common 2019 are Guam and San Antonio (River No Return), the rarest is the American Memorial Park.
Most common 2020 are the Salt River Bay, Tallgrass (Weir) and the rarest is the Marsh-Billings
The Reverse holds up much better than the Obverse. Many of the Reverse side of the coin are AU condition.
I do give some coins an acetone soak prior and ship in a 2x2 folds.

This may not be for everyone, but W quarters are still out there and easy to sell on eBay with nice modest returns. Nicer condition circulated coins will commend a higher pay back.

Let me know your thought, interest or if my post was a waste of reading. Thanks regardless!

Other notes:

  • I have never had a W go unsold
  • I have also found 2 silver quarters while CRH as well as other interesting keeper.
  • I us eBay shipping

Comments

  • joeykoinsjoeykoins Posts: 14,583 ✭✭✭✭✭

    Lol.
    Lots of research you put into this, wow!
    :D
    In all the "W's" I found, I never really broke it down like you did, Joe.
    Shishhhh.
    :D
    All I know is like you mentioned, the Billings Rockefeller's are the highest in demand. However, others like the Tallgrass Prairie and the Weir Farm quarters shouldn't be overlooked.
    Of course, condition plays a main role, as well.
    Thanks for all that info, dude.
    ;)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • tommyrusty7tommyrusty7 Posts: 1,627 ✭✭✭✭

    Hey I found a few thousand of them in 2019 and 2020 but sold them all but for 1 Lowell which was the first W I found. I have not even looked for any in the last couple of years because I am too old now and those boxes are just too heavy. Good luck to you as I know the coins are still out there and there are a ton of the memorials sitting in someones hands as we speak as there were not many that came on the market. I got maybe 100 of them when they were first released and made serious money on them early.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Joe_360.... Thank you, I enjoyed your post and the information it contains.... Any idea on why the American Memorial Park and the Marsh-Billings are more scarce than others? I do not recall the numbers, but thought they were near equal.... ICBW. Cheers, RickO

  • smuglrsmuglr Posts: 406 ✭✭✭

    Interesting post. I enjoy anything about the W quarters. I kept pretty good track of my searching as well and still open a new roll from 2019/2020 once in a while in search of that thrill of discovery. I haven't put much effort in searching circulated rolls but am going to take motivation from your post.
    I found Lowell most common for 2019 with War in the Pacific American Memorial Park and San Antonio about equal and River of No Return most difficult. For 2020 (and overall) American Samoa was by far the one I found most and Tallgrass least. I never found the WFP, SRB, or MBR in 2020 (with the pandemic/coin shortage I was never even able to get new rolls, which I usually save a few, of MBR) but others had difficulty finding the 'Bat' quarters so I had plenty to trade.

  • alaura22alaura22 Posts: 2,063 ✭✭✭✭✭

    All 5 of the 2019 quarters are available on GC closing this week

  • OAKSTAROAKSTAR Posts: 4,825 ✭✭✭✭✭

    @Joe_360- No, your thread/post was not a waste of time. An interesting observation and synopsis.

  • Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭

    @ricko> @ricko said:

    @Joe_360.... Thank you, I enjoyed your post and the information it contains.... Any idea on why the American Memorial Park and the Marsh-Billings are more scarce than others? I do not recall the numbers, but thought they were near equal.... ICBW. Cheers, RickO

    Hey Ricko, I am not sure why they are rarer? You are correct, they all were at 2M minted each. I just know that thise are hard to fine in my experience. The Lowell is also becoming rare to find in the wild.

  • alohagaryalohagary Posts: 2,739 ✭✭✭✭

    Great and informative report

  • Manifest_DestinyManifest_Destiny Posts: 1,799 ✭✭✭✭✭

    Thanks for sharing, great post!

  • OAKSTAROAKSTAR Posts: 4,825 ✭✭✭✭✭

    I think a lot of it has to do with the "not very well thought out" distribution.

  • coinbufcoinbuf Posts: 10,388 ✭✭✭✭✭

    Nice read, the only thing I would disagree with you on is your difficulty of finding conclusions. I think that has more to do with where you live and how the coins were distributed than any actual scarcity. As an example, I do not CRH but found far more Memorial Park W quarters (8 or 9 compared to only one San Antonio and zero Tallgrass) in change than any other design for either year. Overall I found maybe 18-20 W quarters in change so close to half were the MP.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • FrazFraz Posts: 1,186 ✭✭✭✭✭

    Yeah, thanks for that!

  • joeykoinsjoeykoins Posts: 14,583 ✭✭✭✭✭

    Talk about scarce.
    Any of the 10 W quarters that have any prominent error, are really scarce!
    :)
    B)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • TennesseeDaveTennesseeDave Posts: 4,671 ✭✭✭✭✭

    I have still yet to find any W quarters .

    Trade $'s
  • Husker73Husker73 Posts: 28 ✭✭

    I started looking for W quarters sometime in 2020. At that time I could get boxes of Marsh Billing quarters. I found 94 Marsh B Ws in the boxes I searched. I traded away a lot of those to get all of the Ws. I continued to search boxes of mixed quarters for the next two years. I found 70 Ws and 9 silver quarters during that time. I had some of the Marsh B graded and sold a couple of those. I also sold some and traded some to some coin dealers. I I have 17Lowell—-12 War in P——7American M—-19 San Anton—-4 Frank C of the 2019s. 2020 Ws 4 Samoan—-7 Weir—-16 Salt R—-24 Marsh B—-12 TallGrass. I have NEVER found one in the wild.
    What do you think the value of these coins will be down the road?

  • Jzyskowski1Jzyskowski1 Posts: 6,651 ✭✭✭✭✭
    edited July 14, 2023 1:15PM

    @TennesseeDave said:
    I have still yet to find any W quarters .

    I stand with Dave. Nope, nada, nothing, never have I found even one stinkin W. Nope, I don’t like it. No sir, I don’t like it 🐴

    🎶 shout shout, let it all out 🎶

  • coinbufcoinbuf Posts: 10,388 ✭✭✭✭✭
    edited July 14, 2023 1:29PM

    @Husker73 said:
    I started looking for W quarters sometime in 2020. At that time I could get boxes of Marsh Billing quarters. I found 94 Marsh B Ws in the boxes I searched. I traded away a lot of those to get all of the Ws. I continued to search boxes of mixed quarters for the next two years. I found 70 Ws and 9 silver quarters during that time. I had some of the Marsh B graded and sold a couple of those. I also sold some and traded some to some coin dealers. I I have 17Lowell—-12 War in P——7American M—-19 San Anton—-4 Frank C of the 2019s. 2020 Ws 4 Samoan—-7 Weir—-16 Salt R—-24 Marsh B—-12 TallGrass. I have NEVER found one in the wild.
    What do you think the value of these coins will be down the road?

    My personal opinion is that as we get further from the promotion and the mint finds new items to promote the W qtrs will slowly drop in value and popularity, but that is just my guess. I do think they will always command some premium, just that it will be less in the future.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • tommyrusty7tommyrusty7 Posts: 1,627 ✭✭✭✭

    The mint screwed up right from the beginning by telling everybody where they were going to be. I was one of the lucky ones to be in one of those cities. Anybody that had some pull with the banks really got the bulk to the good rolls. I had to do it the hard way by visiting up to 20 banks a day and it was hard work for a 82 year old but I got more than my share by doing so.

  • Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭

    @tommyrusty7 said:
    Hey I found a few thousand of them in 2019 and 2020 but sold them all but for 1 Lowell which was the first W I found. I have not even looked for any in the last couple of years because I am too old now and those boxes are just too heavy. Good luck to you as I know the coins are still out there and there are a ton of the memorials sitting in someones hands as we speak as there were not many that came on the market. I got maybe 100 of them when they were first released and made serious money on them early.

    Yes, we used to swap back in 2019. You were the King with all of those Albuquerque W boxes/rolls! I was only doing new boxes until the end of 2021, then switched to circulate roll hunting, a bit more of a challenge.

  • Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭

    @Husker73 said:
    I started looking for W quarters sometime in 2020. At that time I could get boxes of Marsh Billing quarters. I found 94 Marsh B Ws in the boxes I searched. I traded away a lot of those to get all of the Ws. I continued to search boxes of mixed quarters for the next two years. I found 70 Ws and 9 silver quarters during that time. I had some of the Marsh B graded and sold a couple of those. I also sold some and traded some to some coin dealers. I I have 17Lowell—-12 War in P——7American M—-19 San Anton—-4 Frank C of the 2019s. 2020 Ws 4 Samoan—-7 Weir—-16 Salt R—-24 Marsh B—-12 TallGrass. I have NEVER found one in the wild.

    What do you think the value of these coins will be down the road?

    So my post was only covering an overview of current 2023 sales. I've been collecting (new boxes) since early 2019. I have 5 complete uncirculated sets and 3 (early) circulated complete sets. Uncirculated are definitely at a premium price and I believe will go up as scarce. I still have uncirculated unopen W ender rolls.

  • JimnightJimnight Posts: 10,592 ✭✭✭✭✭

    Nice refreshing read.

  • 124Spider124Spider Posts: 641 ✭✭✭✭✭

    Interesting!

    I'm not really a coin roll hunter; I was a bit when I was a kid, but the only coin roll hunting I've done as an adult was trying to get all the states and ATB quarters by coin roll hunting, just to see if I could.

    I did this in 2020.

    I got all but about 5 that way. I live in Washington state, so I asked my sister in Maryland to send me fifteen rolls from there, since P coins don't much find their way here.

    Except, going through 59 rolls of quarters, I never saw one W quarter.

    No big deal, but I wonder if they didn't much find their way to the upper left coast.

  • 7Jaguars7Jaguars Posts: 7,080 ✭✭✭✭✭

    You know, I still love these. I only got one slabbed, the Rockefeller and the rest I got as they came out from tommyrusty and some others on the BST on these boards. Some are very nice and I believe most would hit the "65" or above category if slabbed - and I am very critical.
    I wish the mint would do more of this sort of thing; I do not like the continuing rehash of the Morgan and Peace dollars.
    Keep posting away and thanks for your input and enthusiasm!

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • rec78rec78 Posts: 5,623 ✭✭✭✭✭

    I have found 48 "W" mint quarters in the past 2 year searching rolls. I have not sold any yet.

    image
  • WCCWCC Posts: 2,184 ✭✭✭✭✭

    @coinbuf said:

    @Husker73 said:
    I started looking for W quarters sometime in 2020. At that time I could get boxes of Marsh Billing quarters. I found 94 Marsh B Ws in the boxes I searched. I traded away a lot of those to get all of the Ws. I continued to search boxes of mixed quarters for the next two years. I found 70 Ws and 9 silver quarters during that time. I had some of the Marsh B graded and sold a couple of those. I also sold some and traded some to some coin dealers. I I have 17Lowell—-12 War in P——7American M—-19 San Anton—-4 Frank C of the 2019s. 2020 Ws 4 Samoan—-7 Weir—-16 Salt R—-24 Marsh B—-12 TallGrass. I have NEVER found one in the wild.
    What do you think the value of these coins will be down the road?

    My personal opinion is that as we get further from the promotion and the mint finds new items to promote the W qtrs will slowly drop in value and popularity, but that is just my guess. I do think they will always command some premium, just that it will be less in the future.

    Perception of scarcity from the mintage. Even if 10% survive as "choice", that's 200,000 if the mintage is 2MM. That's not a low number. The graded populations are already far from low now.

  • Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭

    @WCC said:

    @coinbuf said:

    @Husker73 said:

    My personal opinion is that as we get further from the promotion and the mint finds new items to promote the W qtrs will slowly drop in value and popularity, but that is just my guess. I do think they will always command some premium, just that it will be less in the future.

    Perception of scarcity from the mintage. Even if 10% survive as "choice", that's 200,000 if the mintage is 2MM. That's not a low number. The graded populations are already far from low now.

    While I agree with your analysis and logic, the facts are that on average W's found in circulation are going for ~ $14-$15.

    I'm actually surprised that the 1921 Morgan"s price is going up such at high populations!

  • WCCWCC Posts: 2,184 ✭✭✭✭✭

    @Joe_360 said:

    @WCC said:

    @coinbuf said:

    @Husker73 said:

    My personal opinion is that as we get further from the promotion and the mint finds new items to promote the W qtrs will slowly drop in value and popularity, but that is just my guess. I do think they will always command some premium, just that it will be less in the future.

    Perception of scarcity from the mintage. Even if 10% survive as "choice", that's 200,000 if the mintage is 2MM. That's not a low number. The graded populations are already far from low now.

    While I agree with your analysis and logic, the facts are that on average W's found in circulation are going for ~ $14-$15.

    I'm actually surprised that the 1921 Morgan"s price is going up such at high populations!

    It seems to be equivalent perception to 60's era "semi-key" dates. Those coins were really common too, selling for noticeable premiums to FV at the time, per my old Red Books.

    1921 Morgan I see differently. This coin is so common in MS it has to be substantial financially motivated buying. But no, I can't explain the premiums. I don't see any realistic possibility that most are owned by collectors for collecting purposes.

  • Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭
    edited July 16, 2023 9:32AM

    @WCC$
    I bought a 1921D host certified at MS63 back in Feb-2020 for ^63 at a coin show in Tinney Park Ill. I wanted it only because it being the single D minted Morgon and at $63 why not? Today according to our host has it at $200 and the current GS has it at $228. At population over 7.5k, I have no clue as to why...

    Found this one yesterday:

  • cladkingcladking Posts: 28,123 ✭✭✭✭✭

    Thanks for the info.

    I'm not in the least surprised that it looks like these coins will stay in circulation for years. I expect to see nearly half of the coins get down to XF or even VF.

    Tempus fugit.
  • cladkingcladking Posts: 28,123 ✭✭✭✭✭

    @joeykoins said:
    Talk about scarce.
    Any of the 10 W quarters that have any prominent error, are really scarce!
    :)
    B)

    Quality at the West Point mint has historically been so good I'm a little surprised there are any major errors. They aren't as good as some of the European mints but they are close.

    Tempus fugit.
  • 7Jaguars7Jaguars Posts: 7,080 ✭✭✭✭✭

    One difference between the W quarters and coins like the 1950 D nickel is that the latter seemed to have been had in roll or possibly bag quantities (perhaps CK knows of this?) and the quarters not so. Don't get me wrong in that I do not believe they will be super rarities but still nice little bits that are affordable at face when found and even at modest premiums for even gem MS65-66 coins...

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • daltexdaltex Posts: 3,459 ✭✭✭✭✭

    @Husker73 said:
    What do you think the value of these coins will be down the road?

    I think about $10 each. I can't see anyone paying more tan $400 per roll except for flipping purposes. I just don't think there is a "market maker" willing to sop up as many as possible at, say, $12, so even though people are willing to pay more now, I just think it's because they want ONE. I mean are any of the big W Quarter promoters willing to buy a roll or two at $400 and pledge to hold them for ten years?

  • Joe_360Joe_360 Posts: 1,484 ✭✭✭✭✭

    @daltex said:

    @Husker73 said:
    What do you think the value of these coins will be down the road?

    I think about $10 each. I can't see anyone paying more tan $400 per roll except for flipping purposes. I just don't think there is a "market maker" willing to sop up as many as possible at, say, $12, so even though people are willing to pay more now, I just think it's because they want ONE. I mean are any of the big W Quarter promoters willing to buy a roll or two at $400 and pledge to hold them for ten years?

    Where did you come up with $400 a roll? I have not seen that.

  • tommyrusty7tommyrusty7 Posts: 1,627 ✭✭✭✭

    @124Spider said:
    Interesting!

    I'm not really a coin roll hunter; I was a bit when I was a kid, but the only coin roll hunting I've done as an adult was trying to get all the states and ATB quarters by coin roll hunting, just to see if I could.

    I did this in 2020.

    I got all but about 5 that way. I live in Washington state, so I asked my sister in Maryland to send me fifteen rolls from there, since P coins don't much find their way here.

    Except, going through 59 rolls of quarters, I never saw one W quarter.

    No big deal, but I wonder if they didn't much find their way to the upper left coast.

    I got all mine in New Mexico.

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