POLL The Value of the Wisconsin quarters....
thebeav
Posts: 3,783 ✭✭✭✭✭
thebeav
Posts: 3,783 ✭✭✭✭✭
thebeav
Posts: 3,783 ✭✭✭✭✭
Comments
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
What will it do?
or
What should it do?
May be two completely different answers.
For that matter, a third, what would I want it to do.
What will it do?
I believe it will continue to increase for a while, seems to be getting a fair amount of publicity.
What should it do?
It should not get meteoric, that would work against it in the long run
What would I like it to do?
I'd like it to mysteriously show up in my collection, 10 rolls of each, then top out and remain at about 200 bucks a set.
<< <i>I'm a baseball card guy, but from Wisconsin. Can someone explain why the Wisconsin quarters are rising in value? (Personally, I *hate* the design...) >>
Probably the biggest reason is because it received national press so people who normally would never consider buying a coin think they are getting in on the ground floor of a jackpot and hope to cash in big. All you have to do is look at the fast escalation of price on ebay since it hit the papers/Internet and radio/TV, once all the hype wears off and just the real collectors are left to buy the price will fall back down to more realistic levels.
<< <i>
Probably the biggest reason is because it received national press so people who normally would never consider buying a coin think they are getting in on the ground floor of a jackpot and hope to cash in big. All you have to do is look at the fast escalation of price on ebay since it hit the papers/Internet and radio/TV, once all the hype wears off and just the real collectors are left to buy the price will fall back down to more realistic levels. >>
It seems entirely possible that anyone paying a few hundred dollars for one of
these might well become a real collector. Perhaps the increased demand will
push up other coins rather than simply disappear and cause the price to plummet.
These are real coins and there already were some real collectors collecting them.
Now there are more.
Red book addition in record time.
Grading company certification in record time.
Ebay sales in record time showing the world, not just the U.S. these coins.
A states quarter program for the the first time ever now with a bonified variety.
Very good and knowledgable coin dealer at the right place and the right time to promote and share information to all. I will suggest that the coin dealers in my area would have panned it very quickly.
Internet chat rooms to discuss and debate these coins.
Perhaps they will plummet, perhaps they will not. The point is nothing like this has happened before. I doubt it will happen like this again. it is as if all the cosmic tumblers of the universe lined up in December 2004, a heck of a year for coins in general, and gave us this cool thing.
If they plummet I do not care, it is the story people will remember and love. That is what we all like to buy. The coin and the lore that goes with it. The story or mints explanation of how this happened has not even it the market yet!
I shared my sets with several dealers and people at the last coin show I attended who were all amazed. No one said "so what"
The best part of the story is yet to come. Where are the rest? How many were made? who made them?
This has been a nice break from my large cent collection I am working on. I know from collecting old coppers that mint employees did funny things to dies and coins. The mint has done a very good job over the years at evolving into a machine that makes no mistakes or prevents them from escaping. I think this is proof that human nature will always be the wild card!
Tbig
Votes: 1
I think they will be popular and remain in demand as a "neat thing." It is likely to be one of the few numismatic items widely known outside of active coin collectors' ranks, because they are in the popular state quarter series (which already has the attention of the public at large), because it is an oddity that is readily visible/identified and obvious to the unaided eye (unlike, say, the 1998-1999-2000 Type 2 Lincolns), because it has ween widely publicized, and because it is "cool."
Prices, though, have much to do with availability, which has yet to be determined. We still don't know if there are a lot of these yet undiscovered somewhere in mint state (although the treasure hunt has been pretty intense), and whether this will turn out like the 1995 DDO.
I expect prices will drop some in the middle term as the hype/excitement tempers and people move on. Thereafter, though, the prices are likely to stabilize, only moving up over time if it does turn out that they're not very many of them.
If you want one, I'd wait until that "stabilization" period, while the issue remains in doubt about how many were minted and remain existent in decent shape.
Here's a warning parable for coin collectors...
<< <i>Continue to climb forever....(for Cladking) >>
There will probably be more discovered which could either increase or decrease the price.
Barring this I would expect them to climb into the foreseeable future until there are no long-
er people interested in the states issues. This doesn't mean the increase wouldn't be in
fits and starts with some real declines over the years. After a few generations interest will
fade and prices will ease.
That's two votes now to climb forever.
Box of 20
E-Bay Trio Set
The interest appeared to reflect the views on these boards in general. There were dealers that:
1) had zero interest at just the mention of these quarters (one saying: "I don't look at ANYTHING after 1970"). Looking at their collections I could understood why (they had only classic coins),
2) had a passing interest or more of a curiosity to see one,
3) had a strong curiosity and closely studied the coins with great interest.
There were those there (general public) that also had a strong curiosity and found the defect compelling.
Overall, most dealers felt that many more would be found (100s of thousands) so they weren't too excited. But when I asked them to imagine only 5000 would ultimately be found, their eyebrows raised and they believed they would be quite valuable.
Ultimately though the value will be based on rarity and interest. I think the interest level has already been established now its up to the rarity aspect.
After all the complex analysis one thing that the "die gouge" believers have overlooked is the coincidence of these markings. What are the chances that TWO DISTINCT die gouges would occur that emanate from a corn stalk and "vaguely" look like a corn leaf? After seeing one, holding one, and examining one I think the chances of this is highly unlikely. The question I ask is why didn't these gouges occur on the CHEESE or COW? I think these marks were deliberate. I believe the Mint worker placed two unique markings to signal to the coin community that they were deliberate. Think about it.
Today, with the refined manufacturing processes in place coupled with the tight security the chances of this happening today is much less likely than 100 years ago. I think that this along with the markings, potential rarity, mass interest, and interest in the States quarters in general will make these Wisoncon Leafs in demand for many years to come. But never to the collectors of the Classics.
My 2c.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
---------------------------------
"No Good Deed Goes Unpunished!"
"If it don't make $"
"It don't make cents""
My gut feeling is that these will continue to be found in small quantities, which will keep the action level high. Perhaps $500 per coin ($1,000 per set) for average raw coins (uncertified) is the price level where collectors look at their state quarter sets and say, "Nah". The high grade sets will climb much higher. If a MS-68 set gets graded it may be $10,000 (this estimate will probably, once again, be surprizingly low when a sale does occur)