? Why the higher price on Tennessee Quarters??

jeffnpcb

When they came out, a friend of ours called and wanted to know if we had seen any! I went to my local dealer and bought several rolls of P and D to hold for her. Ironnically, she works for 1st. Tennesee Bank in Chattanooga and they hadn't recieved any at that time. Several months went by before she did come back to visit and told me she didn't need them because she finally got some through the bank.
Reading Coin World, I noticed that the rolls were now around the 30+ and - area. Why the higher price for these rolls? Curiosity I guess from looking at the pricing from all the dealers.

fishcooker

Nobody saved them because ....

Hooo weee that is one ugly state quarter!


So now they cost more.

presleyh

there were several mistakes on the reverse like wrong number of strings on guitar and the coronet was backwards. I cant believe any state quarter would be worth 3x face value in ms unknown conditon

Cam40

I think it may be because of the lower mintage compared to other issues.
As long as they keep cranking out those huge numbers per state,the Tenn Ds
will be one of the `better-date` SQs.
Along with NJ D,and OH Ps.
With the program at about the half way point, I,d think there is still to remain
the SQ with THE lowest mintage.
Maybe Arizona or Alaska will be THE KEY DATE SQ of the series.
But ,Its still too early to say which one will be THE key.

Geoman

CAM40's post got me to thinking.....

Do you think the US Mint will make a "key" on purpose, or will the "key date" just develop over time as supply and demand dictates. Won't it be interesting if the US Mint purposely only produce say 20,000,000 of one quarter, instead of the usual 200,000,000 +. Would a 10-fold or greater decrease in mintage affect it at all? Or is still 20 million still way too many?

I can see it now, the US Mint annouces that the Alaska quarter will be very low, at least a 10-fold decrease over all the other states. People are lining up at the doors of their local banks........ eBay is the first to have them selling............for $5-$10 per quarter as people don't listen to reason, and are taken away by the hype........what else??????

nwcs

Cool, my brother and I have some rolls... But I agree, we Tennesseeans hated the design.

jeffnpcb

I got a flyer in the mail where they offered an X amount of the Tenn. quarter with different designs of Elvis on them. I guess that would upset the people of Tennesee with a little dislike of the design already. I can't remember the amount or price, but I saw a cool design and hologram Kennedy's that I thought Russ would really like!

Cam40

Geoman- I think that is well within the realm of possibility. Not only does it sound possible, I think its probable.

It would be a another huge money maker for the Mint and they I,m sure know it and have already planned for it.

You can say you heard it here first.

LucyBop

Hey, thats the Home of ELVIS!!!!!!! Nuff said!

Cam40

to add too, yes. It could be a good ploy to regain interest that may have waned near the end of this commem quarter
program.

cladking

It's against mint policy to make a low mintage coin and has been since
the early '30's. Just what would constitute a low mintage now days is
open to some dispute, though. Certainly if the quarters were continuing
to back up in government vaults something would have to be done. My
guess is that they at some point would have simply made none for circul-
ation and just sold rolls, mint sets, and proof sets, and 20,000,000 would
be about the number made. With the economy improving the coins should
be starting to flow back out of fed vaults so this may not become an issue.

For many years now people have been saving coins dependent on how
many they believe the mint will make of each issue. There is a strong ten-
dency for people to save more of the low mintage coins and fewer of the
high mintage coins. Many of the toughest moderns are the ones people
guessed wrong on and are high mintage. The Tennessee quarter was made
during a lull in the fervor for the coins and was not particularly low mintage
so relatively few were saved. Those considering these for a long term hold
should remember that probably 20,000,000 or more of each of these were
saved so demand will need to be substantial in the future for significant ap-
preciation. As the existing supply gets spread out by the demand there will
be less speculation and demand so the price could drop even in the near term.
This being said, it will be interesting to see just how high the prices of these
can go, and that price will give us an idea of how many were actually saved.