Statehood quarters: the cheapest collectable ?
Skipper53
Posts: 723
I've been told over and over that Statehood quarters will never be
worth much more than 25cents in my lifetime.
I'm still finding myself checking each one I find for minimal flaws
and stashing them safely away.
I've also seen some graded quarters fetching big bucks !
How do you think Statehood quartes stack up against the rest of
the modern coins as a desireable type ?
worth much more than 25cents in my lifetime.
I'm still finding myself checking each one I find for minimal flaws
and stashing them safely away.
I've also seen some graded quarters fetching big bucks !
How do you think Statehood quartes stack up against the rest of
the modern coins as a desireable type ?
0
Comments
circulates or the beauty of its design. It can be its age, luster, strike or purpose. Some are
mostly interested in its historical place or importance. Some find any coin not made of gold to
be a cheap knock off for a real coin and others feel any coin that was ever hoarded by large
numbers of people to be suspect. So really the question is not so much about the coin as it
is about the collector.
Any coin that widely circulates is desirable but not necessarily a wise investment. In the case
of the states coins they are fun for the masses and a great introduction for many to the hobby.
It would seem these two attributes alone would make the coins very desirable. These coins are,
however, extremely common in lower unc grades and in some cases the higher unc grades also
because of extensive interest by large numbers of people. There is a perception among many
Americans that anything interesting or new is going to be a great money maker so sometimes
things of this nature are saved in huge quantities as is the case with the states issues. This is
not to say that these can't become higher priced because of increasing demand- - they can. What
it is to say is that those specific coins which still exist in huge quantities are very unlikely to ap-
peciate in our lifetimes. This would not include MS-65 DE's or silver proof AL's but it most certainly
would include MS-63 CT or MS-60 PA.
As for fitting in with the other moderns, they don't seem to fit whatsoever. The primary attribute
which defines the '65 to '98 moderns is that generally these coins were not saved in meaningful
quantities. Sure there are numerous exceptions like the '65 issues, the bicentennial coins, most
of the '70's cents and many of the Ikes and halfs, but generally these coins simply were ignored
unlike the '32 to '64 coins. This is why the 1998 to date coins are often referred to as "ultra-moderns".
Most of these have been saved in roll and "bag" quantities. No this doesn't apply to all likely such
as the 2001 dimes or some of the nickels but generally coins made since '98 have been saved be-
cause coins have been rediscovered by the masses. It will be interesting to see how the ultra-
moderns perform over time.
nice collection can be assembled from circulation for fave value which will likely
total only $25 ($12.50 if no mintmarks). They are hardly the cheapest of the
modern sets to put together. Even the obsolete clad quarter collection will cost
only $15+ (much less with no mm). The memorial cent collection is less than $1.
Some of these coins are getting a little tough to find but that just increases
their appeal.
I can think of a dozen reasons not to have high capacity magazines, but it's the reasons I haven't thought about that I need them.
IMHO, the new Michigan quarters are downright ugly.
but the mint sure produced quite a few:
1999: 4,430,940,000
2000: 6,470,932,000
2001: 4,806,984,000
2002: 3,313,704,000
2003: 2,280,400,000
(Source: www.usmint.gov)
US Population: 292,548,530 (Source: www.census.gov)
I have a complete set of proofs (PCGS PR69DCAM) and I am planning on putting
together a mint state set too... Why, because I want to...
How many people are collecting them in the raw form, I don't know, but it seems
like everyone that I know is putting together at least one set... So far, I have
assembled 10 raw sets (P&D) plus a roll of each (P&D).
I think that the greatest interest will be generated by those who wish to start
assembling their sets when the series is in the 8th and 9th year.
Only time will tell.
My Coin Website
My Professional Website
I hate it when you see my post before I can edit the spelling.
Always looking for nice type coins
my local dealer
I hate it when you see my post before I can edit the spelling.
Always looking for nice type coins
my local dealer
I thought that was crazy - would be more than 1 in every 3 Americans
but then I realized that people in other countries collect them as well
K S
worth much more than 25cents in my lifetime."
THIS IS A DISCUSSION OF MINT STATE COINS ONLY (IMHO)
For some reason the US Mint (both Denver and Phila) essentially forgot how to strike high end MS state quarters in 2003. Collectors and dealers witnessed pops going from multi-thousands of MS68's and 100-200 MS69's in 2002 to several dozen MS68's and -0- MS69 in 2003! Additional collectors (possibly some who thought they could "cash in" on selling slabbed high end state quarters they could pluck from 2003 mint sets which they purchased for $14.95/set from the mint in mass quantity) then went back and took a look at many of the difficult 1999-2001 states (mostly Denver) and began to appreciate the rarity of the finest, high end examples of the earlier years.
The result is high grade MS state quarter collecting is possibly at the strongest level today as it has ever been at. IMHO, possibly only MS Lincoln cents have a stronger collector base at this time as measured from the standpoint of collectors desiring to build a PCGS Registry set at this time and willing to search rolls, bags, mint sets, etc., as well as purchase coins at auction. Again, just my opinion at this time.
Finally, what is so neat about the MS state quarters is one can elect to go "one or two grades under pop top" and build a beautiful collection of coins for "a song". For example, I have been wholesaling out PCGS-MS66 Delaware, Pennsylvania, etc. for less than $10/coin (although I am just about sold out)! It is a collection one can truly have pure FUN with if they chose to.
Wondercoin
SQ's are limited mintage and limited press time (albeit many are made). There are a lot of them, but it's still limited to the few months they're made. then they're done. That in itself is unique. It's a temporary striking whether there are 40,000 or 4,000,000.
IMO, yes, they're collectible and they're relatively cheap but "cheap" is in the eyes of the one shelling out the greenbacks. They're also the first major change in quarters design in a long time. I am glad they're not too expensive, but the prices are rising. I bought my first set of 1999 SQ's slabbed MS70DCAM for $95 (no, not PCGS). That was only 2 years ago. They generally go for what...$150+ now on average?
The cheapest? Maybe not. "Cheap"? Depends on how you look at it. Do I think they're cheap? not necessasarily. but they're not the most expensive by far either.
No such animal - you are confusing proofs with Mint State examples. My discussion centered around the Mint State coins only.
Wondercoin
Edited for:
BTW: Wondercoin, my response wasnt centered on your response. I hadnt even read your response when I added to this topic. I read the topic and the opening statement and added my "two cents".
So..."be more specific" as stated above doesnt apply to you. Like I said, I didnt even read your response.
<< <i>
Finally, what is so neat about the MS state quarters is one can elect to go "one or two grades under pop top" and build a beautiful collection of coins for "a song". For example, I have been wholesaling out PCGS-MS66 Delaware, Pennsylvania, etc. for less than $10/coin (although I am just about sold out)! It is a collection one can truly have pure FUN with if they chose to.
Wondercoin >>
I'm a big fan of mint state coins myself, especially those which actually circulate. But
just to play devil's advocate; the proof coins of this series seem very reasonably priced
for the main part. Sure they aren't available in pocket change and they will cost much
more than the eagle reverse clad proofs which they replaced, but when you consider
the great demand for the states coins from new collectors they seem to be very modestly
priced. Many of the new collectors are kids and people who have little knowledge of
coins. They are still getting their feet wet finding the coins in circulation and aren't even
aware that proofs exist. Proofs are beautiful coins in virtually all cases. Collecting them
seems a little like shooting fish in a barrel to some, but most collectors do like them and
this tends to be especially true for neophytes.
The point being that a very nice looking set of these including the proofs and the silvers
can be assembled for relatively little money. Hand selected raw sets will be almost cheap
and slabbed sets should be reasonable.
second paragraph re-added.
the modern coins as a desireable type ? >
Pretty good against the smaller denominations. But for those that try to finish thier half or dollar collections (in MS even) will find the going gets tough.
So the low mintage years of the half and dollar would seem to be a better investment (in MS). State quarters in proof should do quite well.
JMO
W.C. Fields