5,368 States Quarters - How do I get rid of them - build a boat anchor?
Pushkin
Posts: 2,029 ✭✭✭
When the States Quarter program first started I decided for fun to save every States quarter I received in change. It seemed like a harmless, if not quirky endeavor. Anyway, we recently bought a new home and during the moving process one of the several reinforced bags full of my quarter rolls broke, and I nearly lost several toes as proof that gravity works. Hauling these things around has become a nightmare, and it's also dangerous. I want out! Here are some of my thoughts on how to dispose of them - the wisdom of this board on these approaches or any others would be appreciated.
1. Sell them individually on eBay (No Reserve, $1.75 S&H, $1.30 Insurance, 2 day Return Policy with 200% Restocking Fee
).
2. Sell them as a "hoard" on eBay (maybe claim that they belonged to Harold's recently departed twin brother and say that Deb inherited them and sold them to me).
3. Take them down to the supermarket and dump them into the coin machine (get hit with a 9.7%vig).
4. Take them to the Post Office along with my 238 SBA and SCA dollars and plead the case that I've been saving these coins as change from their machines, and I'm doing them a favor by returning these orphans (and hope that someone in the line of 53 people behind me, waiting for them to be counted, doesn't go "postal").
5. Rent a fork lift and drive into the auto teller at my bank (affiliated with the Fed Res System), and demand that they be converted into US paper currency.
6. Mail them monthly as policy payments to my health insurance carrier along with pictures of swollen toes; pictures that they can use for their TV ads.
7. Use them for doorstops.
8. Buy an expensive Indian Head cent form a dealer I despise and ship them to him as payment.
9. Make a unique boat anchor out of them and market it as an example of a "sinking Treasury Department effort" (probably more appropriate for someone who hoards SBA/SCA dollars).
10. Make a sacrifice to the gods of this forum and pray that someone lurking out there in US Coin Forum cyberspace is just dying to possess 5,368 States quarters, and will offer me 10X face value for them (Naw - but really, they are an unsearched hoard, and with anymore bad luck, they will also be from my estate).
11. Put them in the bottom of the cat's litter box and let them tone nice and naturally, then sell them with a BIN of $95,000 for the first 5, then BIN of $115,000 each one after that (125$ S&H plus insurance) - for an extra $200 include an autographed (paw print) picture of the cat. With just one sale, I could buy that 1856 Flying Eagle Cent that I know I can never afford otherwise. Will also set up a charity for the widows and orphans of collectors who belong to this forum.
Also, fess up members, how many of you have a few thousand of these things just "laying around"?
1. Sell them individually on eBay (No Reserve, $1.75 S&H, $1.30 Insurance, 2 day Return Policy with 200% Restocking Fee
).2. Sell them as a "hoard" on eBay (maybe claim that they belonged to Harold's recently departed twin brother and say that Deb inherited them and sold them to me).
3. Take them down to the supermarket and dump them into the coin machine (get hit with a 9.7%vig).
4. Take them to the Post Office along with my 238 SBA and SCA dollars and plead the case that I've been saving these coins as change from their machines, and I'm doing them a favor by returning these orphans (and hope that someone in the line of 53 people behind me, waiting for them to be counted, doesn't go "postal").
5. Rent a fork lift and drive into the auto teller at my bank (affiliated with the Fed Res System), and demand that they be converted into US paper currency.
6. Mail them monthly as policy payments to my health insurance carrier along with pictures of swollen toes; pictures that they can use for their TV ads.
7. Use them for doorstops.
8. Buy an expensive Indian Head cent form a dealer I despise and ship them to him as payment.
9. Make a unique boat anchor out of them and market it as an example of a "sinking Treasury Department effort" (probably more appropriate for someone who hoards SBA/SCA dollars).
10. Make a sacrifice to the gods of this forum and pray that someone lurking out there in US Coin Forum cyberspace is just dying to possess 5,368 States quarters, and will offer me 10X face value for them (Naw - but really, they are an unsearched hoard, and with anymore bad luck, they will also be from my estate).
11. Put them in the bottom of the cat's litter box and let them tone nice and naturally, then sell them with a BIN of $95,000 for the first 5, then BIN of $115,000 each one after that (125$ S&H plus insurance) - for an extra $200 include an autographed (paw print) picture of the cat. With just one sale, I could buy that 1856 Flying Eagle Cent that I know I can never afford otherwise. Will also set up a charity for the widows and orphans of collectors who belong to this forum.
Also, fess up members, how many of you have a few thousand of these things just "laying around"?
0
Comments
the bank. If you'll ever want a set of these, this would be an excellent time
to start it. That'll leave only about 5,320 to haul.
DAN
My first tassa slap 3/3/04
My shiny cents
For some life lasts a short while, but the memories it holds last forever.
-Laura Swenson
In memory of BL, SM, and KG. 16 and forever young, rest in peace.
Then have fun watching ebay and this forum for "rare" toned quarters.
OK you split guys - but I assume you mean "split" and not divide, like what they used to do in colonial times with pieces of 8. It would probably kill several Dermel tools and the danger would be shifted from the toes to the fingers!
So you would now have 1 bit, or 2/3 bits; instaed of 2, 4, 6, 8 bits - a dollar?
The ebay route is a lot of work and I don't think it's worth messing with. By the time you're done your going to wonder why you did it.
I do use the coinstar machine at the supermarket for cents and nickels but never would on quarters. Too expensive.
Buy yourself and partner something cool!(like plane tickets)
dan
Probably millions of people doing this.
Ray
are the people who hold onto the coins. Especially in cases where the
coins were uncirculated when they were set aside.
I normally keep all change until the large jar gets filled up. Then I roll them up and cash them in at the bank. With state quarters I made an effort to get them back to the bank ASAP. I wanted them to spread around quickly.
That what I did with mine.
Kevin
Probably millions of people doing this.<<<<<<<<<<<<<<<<
True. Same story with Wheat Pennies!
Kind regards,
Validator
p.s. Isn't it odd... for most coins that change designs, people hoard the old design not the new one!
Of course, in a way I can kick myself. I had some primo quarters back then. I might have had a few slabables...slabibles.... a few fit for a slab. But like stocks, once you sell, there is no reason to look back at kick yourself because you didn't hold on that extra month, that dreded month after you sold and the stock rose 20%.
Leave them behind a wall for the next home owner to find :-)
-David
Whitman and the other coin folder makers are selling huge numbers of these for the
old eagle reverse quarters. There are about 28,000,000,000 of them in circulation so
don't look for them all to disappear overnight!
In 1976 the Research Triangle Institute did a study to find how long the quarters were
surviving in circulation. They came up with the number of 30 years from their calculated
3.3% attrition rate. This number was probably a little too high and probably because
they didn't remove the last couple of years from their calculations. (this was the only way
I could duplicate their results). The actual attrition rate was actually closer to 3%. This
applied to ALL of the eagle reverse quarters equally. 3% of all the 1966 quarters were
disappearing from circulation each year just as 3% of the 68-D's were disappearing. The
1966 was made in very much larger numbers than the '68-D. If people had been collect-
ing one of each coin then the 68-D would show a higher attrition rate (one 68-D is a higher
proportion of mintage than one 1966). Hence these coins were being damaged and lost
rather than being removed by the populace as collectibles or mementos.
The attrition rate stayed fairly stable right through the mid-90's when it began a rapid
ascent. It is now up to about 4% and increasing rapidly. More importantly, there is now
a divergence between the attrition rates on the tough coins and the high mintage years.
High grade and tougher dates have very high rates of draw down. People are collecting
them and they will not be available in circulation anymore after about 4 or 5 years. This
divergence started about 2000 and would, no doubt, dovetail perfectly with the increase
in the sales of the coin folders.
Looking for 1967 PCGS/NGC slabbed coins.
<< <i>Just split the coins in half and send half of them to me and the other half to Jeremy (Airplanenut).
Who says you get half?
At the same time, fill your pockets with them when you go out and spend them every chance you get. I had a large stash of change (mostly nickels and dimes) and I used them to buy stamps at one of those machines. Just make sure nobody is behind you with a 10 dollar bill in their hand, while you're putting quarters in one at a time.
Recently I just let go of my hoard of "little man" quarters (1976). It was hard to do.
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<< <i>Recently I just let go of my hoard of "little man" quarters (1976). It was hard to do. >>
Darn, I forgot, I've also got a mini-hoard of those babies stashed away someplace. Gotta go search for a small moving box that weighs a lot more than it should.
I wonder how the Mint would do if they issued the Pack Rat Commorative Quarter for folks like us?
-Bob
I haven't spent a penny in ~8 years. I save them all, and then make rolls by year and mint mark. I feel that if I have to hoard a coin, let it be the smallest denomination. It's a lot easier to have a few hundred dollars worth of pennies, than a few thousand dollars in quarters.
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