Will State Quarters Ever Be Worth Anything?

wjd283

I,along with probably most of you,have some state quaters in my collection.Not really a hoard but about $300 worth.All BU.I see those guys on late night TV saying they'll sell me $10 worth of quarters for $89.95
THIS month,but next month it'll be $109.95 and after that $129.95 because before long everyone in the universe will want them and there want be enough to go around.Well,from the mintage figures,looks like almost everyone on earth could have a couple.Will they ever be worth anything?I bet my Dad's got $5,000
worth of 'em.Sorry for dissing the late night TV guys,but they P*$$ me off

mgoodm3

Mot much, unless you have some ultra high-grade ones.

itsnotjustme

Search them for the highest grade ones, and spend the rest. Cash held is a loss of buying power due to inflation.

fcloud

<< <i>Will State Quarters Ever Be Worth Anything? >>



YES! 25¢ each!

coppercoins

Statehood quarters will likely sell for at least $5 per BU example....in 2050. If you can't wait that long, spend them. I doubt there will be much increase before then.

Realistically there could be at least some modest jump when the entire set is complete in 2008-2009(?) and people are out to buy the whole thing at once. That's what I'm saving for....just a few examples of each, no big collection.

Sequitur

I know the show you're talking about. I've complained about those hucksters several times -- their coins are virtually worthless, and their "gold" and "platinum" plating is even worse that worthless, for it destroys the damn quarters! Who wants that? No amateur or serious collector does. You're much better off taking that $99 and buying some mint or silver proof sets.

Concerning your collection, not sure what you mean by BU, but I assume you're talking about regular business strikes. Unless these coins are in superior mint-state condition, I don't think they will appreciate much at all. If they were taken from cash registers, or now are sitting in a coffee can, shoebox, or plastic bank, clanging against one another, forget it -- their value, most likely, has already been lost.

On the other hand, if you can collect truly flawless specimens, they WILL be worth at least a modest premium, and perhaps more. To date precious few of the quarters have reached the holy grail of PCGS MS69. What are these worth? Tough to say, but here's an auction where a PCGS MS68 2001 NY quarter is listed at $77 (I have no idea if that's a reasonable price).

The proof quarters are going to do even worse, in my opinion. For example, according to the online guide, the 1999 Delaware quarter currently has 2327 coins graded in PCGS PRDC 69, and the proof silver currently has 3,233 in PCGS PRDC69 -- that's a lot of high-grade slabbed coinage, especially considering there are, well, hundreds of thousands of these high-grade quarters tucked away in closets and under beds that, if submitted, would reach similar grades.

That's my opinion. If anyone differs, I'd like to hear competing views.

BigE

Maybe the silver proof sets, maybe-----------------BigE

Neptune

I think I'll get a few rolls of TX this year and sit on 'em a hunnerd years. hahahahaha

Stuart

They will always be worth an inflated quarter of a dollar

wjd283

BU.I mean they were bought from the mint in $25 bags and taken out w/cotton gloves and searched and carefully put in plastic roll containers.I do try to pull one of each from circ.to put in my blue whitman.But,as I expected I agree with all of you.I know I'd be lucky to get what I paid for them at the mint on ebay.Been there,done that.Thanx for your input.

Hmmmm,300 @ $5 ea in 2050?I'd be 89.Nope,still couldnt retire.

coppercoins

I still don't understand buying them from the mint at a profit to them when they are available by the millions at local banks. I have still never paid over 25 cents each for mine. No loss if I end up spending them.

jim

Ditto Neptune, 100 plus years

itsnotjustme

Same--recently went through 13 rolls from banks. 2xIL-D, 1xME-D, 1xMo-D and 3xAR-D are now in a box going to PCGS. If the grading gods smile I will have 2 MS68s and 5 MS67s when PCGS gets done with them.

The rest are being spent as fast as I can. (Pull out a roll--"Do you mind some quarters?" "No, I need them for the till--can I buy the whole roll? Oh two rolls, sure!")

slothman2000

The 1999 and 2001 silver proof sets have gone up nicely over the last year or so..More so the 99, selling in the 225.00 range today on ebay. If you look on the auctions for just the cell with the cent,nickel,dime and half, these are pretty stagnant..The quarters are going thru the roof...will they roll back???only time will tell.

MSD61

I'll just keep pulling the ones I need out of my change for my whitman album. Outside of that I don't see them gaining in value at the preset time

CoinGuy42

As its been said here before.....circulation quality SQ's are being horaded in the millions, literally. I don't see a premium in our lifetime, except for MS67 and above. On the other hand, I personally believe the silver proofs will continue to rise in value. Needless to say they are produced in significantly lower numbers than the clad coins. However, as compared to even regular proofs, they are low in numbers (about 1/3). Personally, I have put away hundreds of silver proof sets. When I sold some of my 99's at 85 a set, I thought that was great. With the 99's clearly over 200 now, I do not plan to sell my remaining sets for years.....retirement investment. Even though the 2000's remain at cost, they too will eventually appreciate. The 01's and 02's, IMHO, are winners. This is from a perspective as an investment. So, my money is on the silver proofs, both as an investment, and due to the fact I really like them. As we know, the guys selling them on TV have no souls :-)......

LAWMAN

The real value is in the special Mint wrappers on the rolls you buy from the Mint. The end roll toning on those babies will be a real psychedelic experience one day when we are all old, grey (already am).

Coinosaurus

Better question - are bicentennial quarters worth anything? Here we are 27 years later and they are still only worth 25c.

Barry

<< <i>Statehood quarters will likely sell for at least $5 per BU example....in 2050. If you can't wait that long, spend them. I doubt there will be much increase before then. >>


Just because they're 50 years old? I don't think so. Not when they're minted in the hundreds of millions. As an example, look at stamps minted in the 40s and 50s. I have hundreds of plate blocks from that era, given to me by my father. They're only worth their postage value because so many were collected at that time.

Sequitur

Some more information to add to the discussion.

Bikingnut

25 cents.

cladking

<< <i>Better question - are bicentennial quarters worth anything? Here we are 27 years later and they are still only worth 25c. >>



People hoarded the bicentennial quarters in huge quantities. They were amassed by
the great unwashed in cigar boxes, coffee cans and sock drawers. Many millions have
been hoarded at any given time. Even today there are nearly a billion examples miss-
ing from circulation and the vast majority of them are sitting idle somewhere. The one
thing that didn't much happen to these coins was to be looked at by serious collectors.
You will not find nice gem specimens of these in many old time collections or stashed
away by numismatists. There are not large hoards of high grades or the few interesting
varieties. Most of the coins in most of the hoards will go VF to AU since even those
which were set aside in 1976 have had years of sliding around to knock any pristine
off of them. There were some great gems placed in the '76 mint sets but these were
totally ignored until the mid '90's and still are available to those willing to do a little look-
ing. Allowing these coins a twenty year head start to be disbursed and destroyed has
created the situation today where they do sell for huge premiums in very high grade.
Prices in excess of $2,000 have been reported. While some believe such prices are un-
justified, those who have sought these coins do not believe this to be the case. The Philly
issue can be found with a nice full strike and satiny luster on a very PL coin. The Denver
issue comes with a razor sharp strike and virtually no marking whatsoever. The coins are
in the '75 set also but gems are excrutiatingly rare in it, though nearly as nice, if not nicer
than those in the '76 set.

Some of the same or similar considerations are likely to apply to the states issues in the
long run.














2nd paragraph added

MacCoin

I'm sure they will in about 300 years. but to me they are still the most fun to collect. what other will you get 5 BU coins a year for face or near face. cheap and fun is hard to beat.

richbeat

Sequitur:

I did something very similar to that Coin World article back in February and posted it here on the boards:


Linkified

Pushkin

Cladiator

Get yerself some MS70's and PR70's from PCGS or NGC and you'll have an "ok" investment for down the road. Other than that I think they will remain relatively worthless. Although if ya like 'em, collect 'em and have a blast!

Skipper53

I agree with the Bi-Centennial comparison.
although the Mint Has been striking fewer quarters with each
new State lately, there are still more than enough to go around.
Probably only the proofs or the best of the uncirculated ones
will ever show much growth.

The Statehood Quarter Program's biggest worth may be the increase
in the number of new coin collectors !

khayse

No, but I can't stop buying them.

I'm a completist freak and need help. I know.

-Khayse

anoldgoat

I wonder how many of those state quarter collecters want the silver proofs for thier set. Is that what's pushing the price of the 1999 silver proof set. If so what will stat do to the other silver proof sets? Thier mintage number is not that different except for the 2001.
On that note why is the 1999 set going for so much more? All the sets draw the same collectors.

wjd283

I think it's cause more people hoarded them.First year of issue.

Blade

I'm starting a 2 sets for my young kids, and will look for the coins in the best possible (raw) condition, but it's meant to be educational and fun without intent on investment returns.

Sequitur

Compare Louisiana MS68 with MS69. Quite a difference.

That's why all these quarters, even the uncirculated, "BU" or "uncirculated" quarters, will in 100 years be worth -- a quarter. Unless you've got a 69 or 70 grade and the population stays low. Also, lots and lots have been submitted for grading. There are hordes of 67s and 68s, but few 69s.

If you're looking for meaningful appreciation, perhaps it makes sense to buy a $300-$400 slabbed MS69 rather than burn time and money buying hordes of "uncirculated" rolls, searching them, and then paying grading fees for a slew of coins that probably won't make the grade.

cladking

Coins are not good for investment and states quarters may not be among the best
of the coins with good potential. Those who must invest in the states coins might
consider that many of the states issues do not exist in MS-69 and there are only a
handfull of even the "common" ones. Even MS-68's are very scarce for many of these
coins. In most cases it is extremely unlikely that there can be any hordes of these
coins in high grade and this includes coins all the way down to MS-66 because of the
way the gems are made and distributed. They are made "inadvertantly" when all as-
pects of the process work as they are designed and they tend to be made in small
batches and distributed widely. Locating and amassing large numbers of these coins
would prove extremely difficult and would be very transparent to many hobby par-
ticipants.