2002 MS69 State Quarters up to 40
dbldie55
Posts: 7,735 ✭✭✭✭✭
Well, are these going to be worth multi thousands for ever? Look at the pop increases this week. (Sounds like one person, mwoods, made most of them)
If one person can make this many, how many more are out there?
If one person can make this many, how many more are out there?
Collector and Researcher of Liberty Head Nickels. ANA LM-6053
0
Comments
Tim
<< <i>There is no such thing as an ms70 business strike coin >>
People also said man would never be able to set foot on the moon.
Cameron Kiefer
I believe that PCGS has an unofficial policy that no business strike coin minted for circulation will ever grade higher than MS-69.
PCGS THE ONLY WAY TO GO
Ed
Go BIG or GO HOME. ©Bill
dbldie55 is right - "the sky is falling; the sky is falling". Please PM me with your "fire sale" prices before it is too late!! I bought everything M Wood had to sell and I just may be foolish enough to buy yours as well. Try me
And, if you think these state quarter pops have moved up - have you been watching those Proof and MS Liberty nickels - holy cow!! The "sky is falling there too" - but please PM me with all your "pop top" Lib nickels as well - while you still have time Wondercoin
<< <i>"If one person can make this many, how many more are out there?"
dbldie55 is right - "the sky is falling; the sky is falling". Please PM me with your "fire sale" prices before it is too late!! I bought everything M Wood had to sell and I just may be foolish enough to buy yours as well. Try me
And, if you think these state quarter pops have moved up - have you been watching those Proof and MS Liberty nickels - holy cow!! The "sky is falling there too" - but please PM me with all your "pop top" Lib nickels as well - while you still have time Wondercoin
Which Liberty Nickel pops are climbing in top condition? I fail to see that in any data I have.
DBLDIE55: Care to do a comparision between PROOF CAMEO and DCAM Lib nickels now vs. 1 year ago. Staggering. Oh yeah - you expected all those pops to rise as coins were submitted for cameo designation. The auctions do a good job touting them though as "pop 1" or "pop 2", etc. Yes - I know you expect further increases in these as well. I also expect some state quarter pops to rise as well.
Also, check out the "pop top" MS66 Lib nickels graded now vs. 1 year ago. Numerous dates have seen 50%-100% rise in pop, while others decent % rise as well - correct? Wondercoin
Are you saying one person submitted all of these 66's in one submission? Are the prices dropping like a rock, then I can get some.
What do Liberty Nickels have to do with State Quarters? Is this because I collect Liberty Nickels and I did not get permission to create a thread on State Quarters? I do have a complete registry set of state quarters, so I should be able make comments on them. (this is a requirement to discuss coins you sell right?)
I will ask before I post next time.
Yes they are, as I said they were. And the MS66 coins have also showed high % increases, as I mentioned. Why not do a thread on this - your beloved Lib nickels? Why not? Why not warn folks who paid a couple thousand a coin for them? Yes, I know it is a free country and you don't have to talk about Lib nickels if you don't want to
No, instead do a thread on MS69 state quarters, because you have a collection of MS66 state quarter coins - many of which I gave you for free when you won a contest on the boards last year. Start your thread with the subtle attack on pricing of these state quarter coins (as you did), as you are certainly an expert in this modern series and, of course, it is a free country
Yes, those Lib nickel CAM "pops" have sure exploded - but, again, that was to be expected, where increases in state quarter pops are not to be expected and are "front page news"
Wondercoin
a much higher demand. It's possible that a slightly higher supply will fuel
much more demand. It really doesn't matter what affect, if any, supply will
have on demand, since supply is mostly unaffected by demand. The demand
will be the primary determinant of price until there are so many that a good
size truck can not carry them all.
But even then, 117,000,000 collectors could eat up an awful lot of coins.
The MS69 state quarters weren't minted for circulation either; they came from mint sets.
A free country has nothing to do with posts on this board, why do so many confuse what the first amendment is written for?
So are all of the MS66 increases in Liberty Nickels new coins on the market? Please I want to know the facts that you seem to be fully aware of. Since in your twisted mind, Liberty Nickels and State Quarters are related when I speak of them.
117 million collectors of MS69 state quarters?
Dbldie55, can you tell us what the pops of MS-66 Liberty nickels are today and about a year ago (include the ones that you know don't exist for grins).
Let's compare the percentages and see which coin has had the substantial increase? My bet is that it isn't Liberty nickels. While there may be some that have been upgraded, or crossed between services, I don't remember hearing of any set of fresh Liberty nickels hitting the market and being certified.
We'll use our hands and hearts and if we must we'll use our heads.
But, the mint did a better job in 2002 with the state quarters and roughly 3 dozen got slabbed (including your nice batch). So, what the "spin doctors" like to do is to say - "See, I told you a year ago that the MS69 pops would soar". Of course, they were referring to the 1999-2001 coins at the time, AS THE 2002 COINS WERE NOT EVEN OUT YET !!!
Since, they were FLAT OUT WRONG WITH THEIR PREDICTIONS ON THE 1999-2001 COINS - they are now trying to fall back on the 2002 coins -trying to "spin" there position that they were not referring to 1999-2001 after all, but really were referring to the coins THAT HAD NOT EVEN BEEN PRODUCED YET!!
Spin, spin, spin.
And, state quarters have plenty to do with Liberty nickels as far as I am personally concerned. I collect them both, know how to grade both series, compete for the very finest coins in both series, own one of the nicest collections of pattern Liberty nickels out there and have a lovely collection of state quarters as well. There are "issues" to consider every time I step up and spend close to "five figures" on a pattern Liberty nickel; just as there are issues when I step up and spend a grand or two on a special state quarter. The difference here is the boards are NEVER illuminated as to the PERILS of me spending "five figures" on a pattern nickel. Does no one know and understand the "perils"? Are the Lib nickel experts here on the boards experts on state quarters and their pricing, but not there own series? Want to have a serious discussion about ANY LIBERTY NICKEL - MINT STATE, PROOF, PATTERN? Want to discuss relative value, pops, etc? Can anyone out there tell me what my PCGS-PR67CAM JUDD-1690 Transitional (1882) Liberty Nickel is worth (besides Rick Kay, MrEureka and Boiler)? No, instead, let's "spin" the rising pops of the 2002 state quarters in connection with the "predictions"
made (on 1999-2001 coinage) before the 2002's were even produced
I love you guys
Let's see, Title "2002 MS69 State Quarters up to 40", hmm, no mention of 1999-2001 (no spin). I was not talking about 1999-2001, of course I was not talking about Liberty Nickels either.
Wondercoin, I can see why you love deep cameos with nice mirrors. You love to look at yourself. I read your last post, and I say to my self
WHAT A DICK!
What does the pricing of pattern coins, collected by very few have to do with State Quarters collected by 117,000,000 people (nothing comes to mind)
Do you feel that your are in the cross hairs? What are you paranoid of? If you think Mark just happened to find the perfect batch of coins to raise the pops by 25% in one submission, say it. Don't try to bring up Liberty Nickels because I collect them.
I have watched the State Quarter pops too.
I am sooo happy you have a tremendous collection of Pattern Liberty Nickels. I wish I could, but cannot afford them. Reading your posts makes me want to consider not only another series to collect, but perhaps an entirely different hobby. Seems to be a small group of self-serving, my sh!t don't stink morons in this one.
Of course, I knew you had no idea what my JUDD-1690 Liberty nickel pattern was worth in PCGS-PR67CAM - you only know about state quarters. Pathetic
Wondercoin
Keith: With all due respect, this thread is about the first sentence of the post. If you raised the question, at least it would be coming from someone who has paid more than $15 for one and we could debate it rationally. Or, at least be fair and do a thread on ones own area of expertise. This thread is akin to me posting a thread on Canadian coins (I know nothing about) and questioning their future value based upon the virtually nothing I know about the series. It's OK for dbldie55 to be obsessed with state quarters, but am I the only one who sees the true agenda behind his opening comment "Well, are these going to be worth multi thousands for ever?" Please. Wondercoin
I think you're reading too much into it.
Think back to some of the 2000 quarters in MS-68 (like Virginia P-mint). When the populations were around 10 or 15, the quarters were being sold for about $500 to $600 on E-Bay and Teletrade, but when the pops jumped to the mid-40's (now at 61), the prices dropped substantially. I know that I took a bath on mine.
I think that the same thing could happen with state quarters in MS-69 (to a lesser extent) if the populations really explode. However, it looks like the 69's are spread across the dates well enough that there won't be an excess supply. I guess the better question is, at what level does supply in grade outstrip the die-hard quarter collectors, satisfy the Type collectors looking for that beauty, and create a glut.
With Lincolns, a couple of dates (1999-D, and the 2001 and 2002's) have created enough MS-69's to satisfy most of the Type collectors and really depress the MS-69 price for those dates.
1. 2000(d) MASS
2. 2000(d) NH
3. 2000(d) VA
4. 2001(d) NY (near impossible to even obtain, to offer, to compare)
5. 2001(d) KY (just traded last month at RECORD PRICE)
6. 2001(d) RI
7. 2001(d) NC
These coins have also seen nice rises in price for the undergrade MS67 coins in many cases.
The Lincoln Memorial cent market is, overall, on fire. A leading producer of these coins has told me that, overall, his prices have increased 300% in the past 12-18 months and the coins being offered to me are at the higher levels (when I pass, they are usually sold within hours).
William S. Burroughs, Cities of the Red Night
Edited to add that with in the last month these have went from 25 to 40 (that is a 60% increase). But as has been pointed out, that with the rarity of other dates and more importantly other series, this will not have a roll in future values.
Many of the P-mint 2000's in MS-68 have dropped 75% or more in price in two years after an approximately 400% increase in population.
The increase in 2002 MS-69 state quarters is considerably higher percentage-wise, but that is not an indicator that prices are necessarily softening. It should be a flag though. One area where a significant increase in populations has not killed the prices are 40-D and 41-D Jeffersons in 67FS. There are 91 pieces graded between the two dates (from about 30 a year or so ago), but it hasn't really killed the price.
Keith: Dropped off what? When those coins were selling on Teletrade at those prices, you will recall thread after thread here where it was noted that my current "for sale" price on the coin was roughly 1/2 that price. People surmised theTeletrade buyers had little access to the internet. At least one forum member was buying my coins to send them to Teletrade. Moreover, you fail to address my point concerning the OTHER HALF OF THE COINS OUT THERE - NAMELY THE "d" MINTS. I REMEMBER WHEN NY(D) WERE SELLING ON TELETRADE FOR $150-$175/COIN - THEY ARE NOW AROUND $500/COIN IN MS67!!! Please tell the entire story if you want to talk about a coin series. Keith - tell me you thoughts on all the coin I mentioned on my list (heck - I even left off the 1999 coins, which, for the most part, have soared in price over the past year). Tell me about the RI(d) in MS68 or the NC(d) in MS68 or the KY(d) in MS68, etc., etc., etc. Please don't come here and "cherry-pick" a state and a mint mark to prove your point about the general state quarter market. I know what the KY(d) in MS68 just sold for as the pop 3 coin and I will not reveal the price because that is not my business to do so. BUT, A FORUM MEMBER BOUGHT THE COIN from some seller I do not know and the price paid for the coin was WILD - if you wanted to use the price to discuss state quarters, you would conclude the market was ON FIRE. You notice I chose to not even mention the KY(d) sale on these boards when it happened late last month. I still won't reveal the price, but, I can assure you, your selected "p" mint examples are misplaced and erroneously one-sided examples of the market.
1945(s) Lincolns in PCGS-MS67RD have moved little in the past year, while most other wheatback MS67RD's have skyrocketed. How fair would it be for me to do a thread on Lincolns and conclude there was little movement this past year - citing 1944(s) and 1945(s) Lincolns as my proof? Let's enjoy a healthy debate of state quarters, but, please don't leave out HALF the MS series and ignore "d" mint coins
We need to keep to the discussion here. The thread is titled 2002 MS69 state quarters. (all of which are P mints at this time). To make this discussion relevant, we need to discuss MS66 Liberty Nickels, MS67CAM J-1690 patterns, New York D mint, Kentucky and the 1999 series. It is impossible to discuss the 2002's without all of these other relevant topics being discussed first.
OK, you're right. Teletrade buyers were the idiots. I bought my Virginia quarter from you for $500 on September 29, 2001. After two goes at E-Bay without reserve last year when I sold my Modern Type Set, I sold it for $150 on June 1, 2002, lumped with a 1954-S Lincoln in MS-66RD to another board member because I could not get any more for it on E-Bay.
D-mints are smoke and mirrors. Pops did not explode on them, so no price decrease. However, there was a 400% increase in pops on the P mints for that year, and the prices plummeted. In light of that statistic, Brian's comments regarding MS-69's are very fair.
If the pops had not changed significantly (ala the D-mints), then the 2000 mintages for D-mints would have bearing in the analysis. Brian didn't choose to debate the state quarter market as a whole, but a segment. I used statistics from a comparable segment to show what happened under similar circumstances.
Also, as you know, I buy these coins in the open market and I pay what I have to in order to get them, or pass. I also paid a board member $400 around that time to fill an order on a "p" mint 2001 coin. If I had bought nothing but "p" mint VA coins, then I would not have done as well as had I bought all (10) 2001 state quarters in MS68, "p" and "d" coins.
Braddick summary of this post best sums up what is going on here. That is all.
<< <i>Who warned anyone? What a pile of crap. Who said the prices would fall, it was a question. At least you could use made up stats like cladking always uses to show your point. You could then use the line "I am right until proven wrong like cladking uses".
A free country has nothing to do with posts on this board, why do so many confuse what the first amendment is written for?
So are all of the MS66 increases in Liberty Nickels new coins on the market? Please I want to know the facts that you seem to be fully aware of. Since in your twisted mind, Liberty Nickels and State Quarters are related when I speak of them.
117 million collectors of MS69 state quarters? >>
Looks like you're having trouble with the language here. I made the statement that
I would love to be proven wrong. I certainly never said I was right until I was proven
wrong. Such a statement could come only from someone who is greatly confused. You
also claim I use made up stats, but there are NO STATS in my post except for the one
about the number of states collectors. This was the first survey conducted by the US
Mint and used by them and qouted in many places around the middle of 2001. Sorry,
if I don't have anything more up to date for you, but there are no more recent official
numbers and they might confuse you also.
Hi Folks
Lets calm down a bit as this post is getting Personal. State Quarters are HOT and will remain HOT for at least the next 6 years and perhaps longer and I predict that some of the coins now selling in the $200 range (Example the VA-P MS68 )will double and triple in price. As with any coin the higher the POP the less it will cost and the coins that have a low POP will cost a heck of a lot more. When you are dealing with newly minted modern coinage ( lets say the last 5 years) there is going to be an EBB and FLOW in the market. I started with this set in 2000 and had all the POP TOP coins at that time and there were no MS68s then at the end of 2000 PCGS had graded a PA-P CT-P and a MA-P in MS68 and thes coins were offered to me then and the seller turned down my $9K offer for the 3 coins. Today those 3 coins could be purchased fro approx $3K. The point is that when you purchase newly minted modern coinage whatever the series it can be a GAMBLE and you should understand that and IMHO you need to be extra careful in the modern market. Lastly many of the 1999 MS67s 2000 MS68s and 2001 MS67s & MS68s are going to rise in value as the other 40 State Quarters are issued and bring in THOUSANDS more NOT HUNDREDS of new Collectors of State Quarters. As you look at each year of the State Quarters the mints have minted the Phil. Mint has vastly improved the QUALITY of the State Quarters and Denver has some what improved. Of the 47 MS69 State Quarters now graded 46 were minted in Phil. and 1 measley little one minted in Denver. As the UMP says lets play ball.
PCGS THE ONLY WAY TO GO
Ed
Again, this sums up the situation nicely, although you did a fine job Ed of also laying out a more broadened landscape of the state quarter market - even if you failed to mention per se how incredible you personally believe the "d" mint 2000-2001 coins to actually be
<< <i>I agree dbldie55's opening post on this thread was mocking at best, contemptuous at worse. An inflammatory thread should be equipped to then handle the reponses it receives with intelligent data. Or, are we to simply read it without a healthy exchange of opinion? >>
So MS66 Liberty Nickel data, pattern data etc are all intelligent data with respect to 2002 MS69 state quarters?
Ed actually spoke to the question.
How do you get into the group to ask a question? 60% increase in one month (25-40), isn't that a lot? I am equipped to handle responses received with "intelligent data". Some here even gave those responses, while others were above it.
Wondercoin I meant for my post to imply the the D mint coins are by far the toughest to find in high grade and as such do command a premium in the market. I have searched literally HUNDREDS of 1999 mint sets and the Denver mint coins look like they were minted and left on the freeway for a week and then packaged in the mint sets by the US MINT. There are no cheaply priced D Mint MS68 1999 2000 or 2001 Denver mint coins at this time the SC-D MS68 POP 63 is the cheapest at around $275 to $300 then the VT-D MS68 at POP 38 is next at around $350 to $400 and neither is very easy to locate at this time. The other D mints will cost between $500 to $1500 and the NY-D and KY-D MS68s will bring $2500 PLUS if you could locate them. The prime Example I feel is the 2002 State Quarters the Philadelphia mint have 40 PCGS graded MS69s and the Denver mint has a wopping ZERO. High grade MS68 Denver mints will always continue to command a PREMIUM over the Philadelphia mint coins. I have no idea what a Denver Mint MS69 is valued at my Guess is $5k plus.
PCGS THE ONLY WAY TO GO
Ed
This series is a type collector's dream.