CA state quarters from US Mint

Neptune

I generally don't buy quarter rolls from the US Mint. I may get a roll or two from my bank just to keep up with the books for grandkids, etc.

I read in another thread, that someone thought that the mint rolls for CA quarter may be a good investment. I want to know what you all think about this.

Good investment? Bad investment? Ho-hum/maybe?

Why would the CA quarters be all that much hotter than any of the other states. I am just not seeing it. Is it just that everyone thinks that "their" state is the hottest? or? I can see why WI quarters would be hot - because of the newly found leaf varieties.

I'd like to hear your theory on this. I really hate the mark up on those mint wrapped quarters, and it was bad enough that I got some for 'my' own state.

kieferscoins

Invest in bags of state quarters?

Wanna buy a bridge?

Cameron Kiefer

Neptune

Invest in bags of state quarters? Wanna buy a bridge?

No, Kiefer - read again . . . I was talking about the rolls. And about that bridge.... DH has been working on our pond dam that will be finished this Spring - we can not cross there. What do you want for your bridge and do you deliver? I need to have access to my peach trees.

cladking

The ones that people think are poor investments will be the winners. The mint has
made enough coins since the early '30's to satiate the demand of even the most
avaricious hoarders. This means that the only coins that can do well are those which
are generally considered to be mundane or those which might acquire great demand
in the future. People look at the population of California and think that the demand for
this coin may be quite high. They expect many new collectors when Californians find
their coin in change and decide to try assembling a complete set. It's quite probable
that both these assumptions are correct but it's also probable that people will save huge
numbers of the coins for just this reason. Few of the states issues have been "overlooked"
since the DE and PA and there may or may not be more. It costs little to save a quantity
of the coins and they can just be spent if they aren't tough.

Time will tell.

Neptune

CK - thank you for, what appears to be, an honest and educated answer. (unlike Kiefer's S.A. answer.) That is what I was thinking too - about the population and CA being a larger state. Then there is TX which is also a state, and also has a large pop. As you say - time will tell.

Woodwind

To echo what Cladking said, I think people who think California quarters would be a great investment is simply because California is the most populous state. It's natural to assume that therfore the demand will be higher as more Californians "hoard" their own state quarter.

This assumes that the US Mint has no plans to produce a significantly higher amount of CA quarters than the 2003 or 2004 predecessors.

kieferscoins

I think collecting bags of quarters or just the quarters themselves is fine but investing in them is another thing. It is the wrong approach in my opinion!!! It's bad enough to use the word "investing" for earlier US coins, but 2005 quarters is crazy.

Cameron Kiefer

Mikey

I think the rolled coins stay in better condition than the bag quarters. If you look at bags and rolls for other states, the rolls have appreciated more.

Neptune

Kiefer - Did I tell you the dream I had about dead cats? Well, I was at a coin show and there was this dealer - who I don't know - but he had a glass case - and in the case was a dead cat. It was in a little glass bottle there amongst the coins. I think there were a couple of them. Well that's a true dream .... errrr nightmare.

vega1

Maybe I'm missing something, but I'm going to have to go with Kieferscoins on this one. I just don't see how rolls of modern quarters could ever be considered an investment period, let alone a sound one. You might as well invest in $100 bills. These are State Quarters, minted in *huge* numbers every year. If you would like to try to make an investment out of them you should buy and hoard PCGS certified MS-70 examples... So I guess the answer to your quesitons is bad investment.

cladking

<< <i>I think collecting bags of quarters or just the quarters themselves is fine but investing in them is another thing. It is the wrong approach in my opinion!!! It's bad enough to use the word "investing" for earlier US coins, but 2005 quarters is crazy.

Cameron Kiefer >>



Certainly "investing" in coins is contrary to the main reason that most collect coins
but it isn't a good idea to write off the potential of any coins for enjoyment or for
financial gain. Who would have though ten years ago that any recent date coin
would be worth collecting or would ever be worth more than face value? Even today
it is difficult for many to believe. Granted with the huge savings of all the ultra-moderns
it is difficult to think any could ever have much premium in typical condition but you only
have to go back a couple years to the TN quarter to find one which has tripled in price
at the wholesale level. There are 1998 nickel rolls which are up six fold.

This doesn't mean the CA quarter is a good or bad bet but don't dismiss them so
quickly. Demand is a large driver of price and the large demand will likely mean at
least a small premium for them by summertime. After that it is likely to be one of the
more common states issues though.

Longacre

I don't think the quarters, with their very high mintages, make a good investment. Just my opinion.

Neptune

Just look at the recent Westward Journey Nickel/Medal set for an example of what modern coins CAN do - on the short run. Look at the WI nickels. Who knows - maybe the same folks that made that die will make another for Cali. Maybe some extra moss on the rocks - high moss/low moss!

EagleEye

I think a State-Quarter collection is a great investment, but not in terms of money, but in terms of education, and bringing new people into the hobby.