Are you hoarding tons of new nickels and state quarters?

carl

I just went to a bank and received my almost now weekly $100 worth of half dollars. Going through them I started to notice the large volume of Bi-Centenials. So I counted and sorted the pile. Came out with: 2-1965, 2-1966, 126- 1970 to 79, 20-1980 to 89, 36- 1990 to 99 and 4-2000. Out of the 126 1970's, there were 32 Bi-Centenials. Most were in Ex-Fine to AU condition. Per Red Book the highest value, except proofs or silver, was $1.50
There were about 500,000,000 made from both mints.
My point is that back in the 70's everyone ran out and bought the Bi-Centenial coins by the rolls, bags or whatever. They hoarded them similar as to what is being done with the state quarters and the new nickels. I also hoarded lots and lots of them. Recently the ones I haven't spent in change I took to the bank. No one at any coin show wanted them regardless of the uncirculated condition. Just to many like that. In many instances there are even more of the state quarters and the new nickels than there were of the Bi-Centenial coins.
Just wanting to remind everyone that unless you plan on keeping those new nickels and state quarters for a few hundred years, don't plan on making a fortune on them.

claychaser

I've been picking up a few original rolls of state quarters and the new nickels at the bank when they have them, starting with the 1999 issues. I've tried to sell them with almost no interest. I think you are right - just too many minted with a relatively high percentage saved.

At today's higher short term interest rates of 4-5% or so, holding them may not be a worthwhile investment.

Good job on the half dollar search - at least the 40% 1965-70 ones are worth at least 2.3 x face value.

Bochiman

I was a year or two ago, but now am trying not to (went through, grabbed a lot out after doing the album with my son, and spent them).
We still need a few P mint ones, so I look for those.

I do "hoard" a couple of rolls each new release, just in case.......it worked well for me with the Wisconsin's......I was able to sell, fully disclosed, rolls of those quarters for 3-4x face value ... on ebay

Djord

My belief at the end of the state quarter run is that the higher graded complete sets will be valuable.
This is at MS67 and higher. Although there is an abundance of state quarters, there is not an abundance
of high end coins.
The other factor is yes there is an abundance but how many high end complete sets will there really be?,
or for that matter how many complete MS sets will there really be?

Same goes for the nickel with high end coins extremely more difficult to obtain.
My Opinion

mgoodm3

I'm just too lazy to go to the bank to turn my change in.

RobJ

I enjoy it for the hobby. I have a complete set of SHQ's and all MS67 and up.
At my age, I do not plan on selling them anytime soon. The Coins I do care about and may someday bring a profit are the MS 65 up early Comms that I buy. Man I love this hobby!
Rob

coinnut86

I kind of am hoarding St. Q's but not the new nickels

itsnotjustme

I've been known to get roles at face value or from the mint, pick out high grades, and have a heap of change left over.

I then spend months trying to spend the heap. I paid for an 80 dollar car repair with mostly half dollars and quarters... that was not popular!

cladking

The best new coins to save are what other people don't. Setting aside some rolls of the
latest new states issue or whatever may make sense if you can get them at close to face
value and are quick to spend them when it becomes apparent there will be no premium for
that particular issue. It's probably a good idea to hang onto nice choice examples of the
dates that aren't usually seen that way. There will probably be a growing demand for choice
coins and some issues are tough nice. It's also possible that the varieties, special issues,
errors, and proofs may fare better in the future.

The coins are fun to collect and that's mostly what I do with the new ones. I'd be setting
aside quantities of them but my luck hasn't been good so I have no quantities. I've got
a couple hundred of them in mint sets and a collection.

Manorcourtman

I travel a large interstate turnpike each day. I've been getting some older state 25c's in MS lately. That leads me to believe the hoards are being dumped or thinned. Some of my recent MS examples include Ohio, Rhode Island, Arkansas and Tennessee. Just my observations. I still have not rec'd a new Buff. 5c in change though. Chris

BlindedByEgo

No

ddbird

I save every sq and new nickel that enters this house.

I dont know what Im gonna do with my $600 worth of SQ, but someday, Ill think of something.

cladking

<< <i>I travel a large interstate turnpike each day. I've been getting some older state 25c's in MS lately. That leads me to believe the hoards are being dumped or thinned. Some of my recent MS examples include Ohio, Rhode Island, Arkansas and Tennessee. Just my observations. I still have not rec'd a new Buff. 5c in change though. Chris >>



I've been seeing the same thing. It's more likely movement of coins out of Fed and mint
storage. Not only does it appear to be far more coins than can be accounted for by indi-
viduals but it was preceded in recent months with large numbers of mid and early 1990's
issues in XF and AU. Probably the last of the stored coins have been sucked up by the
expanding economy and we'll now see higher mintages of the states coins.

notlogical

I'm saving a bunch of rolls of all the new nickels. I'm a kid so I have lots of time to wait.

topstuf

Of course. Look what the Isabella is worth today. Gotta start EARLY. Just think if ya had 40 billion Isabellas. You could RETIRE!

questor54

Of course not. Hoarding is very, very wrong.

bonkrood

<< <i>Of course. Look what the Isabella is worth today. Gotta start EARLY. Just think if ya had 40 billion Isabellas. You could RETIRE!

>>



Can't wait that long.

rollingcoins

I dont know what Im gonna do with my $600 worth of SQ, but someday, Ill think of something.

Most vending machines still accept them.

DennisH

Hoarding that stuff?

carl

I'm not a good person to mention hoarding though because I've still got over 25 rolls of 1943 steel cents. The difference there though is that way, way back when I was a kid and those were out there new and I was just fasinated about a coin that I could pick up from my dad's change with a magnet. He thought I was a little nutty so he let me keep as many as he could find. I suspect he went to the bank and just bought lots of them to make one little kid feel great each few days. I save them because it reminds me of a great Dad, not because they are worth anything big. My point was that when everyone hoards a certain coin the future value is gone to nothing. A similar example is the 1931S Lincoln Cent that everyone hoarded back in the 30's. Now they are worth something but for the amount minted they should or could have been worth ten times more. Just to many hoarded.

cladking

A lot of people have already done very well on these coins. If you bought a $500 box
of each issue and sold them when they hit 4X face or pulled out the gems when they
failed to get a premium after a few years. You'd be sitting on about $20,000 in face
coins and about a $15,000 profit already. You'd also have about 500 nice choice and
gem coins as part of your profit.

It would have been a lot of work but the real profits may be yet to come.

...and you can't put the Isabella in a vending machine. If you try to dump it at the fast
food joint the kid will have to ask the manager and they might call the police.

mart

<< <i>I dont know what Im gonna do with my $600 worth of SQ, but someday, Ill think of something.

Most vending machines still accept them. >>







Thats a lot of Cokes !!!!!! Party time anyone ????

BeeMan

When I come across new rolls at work I will usually buy one out of the cash draw and look for the best examples I can find then spend the rest. Since I have moved to Maine I am getting new rolls much more frequently than in Massachusetts. I was working in Lynn which is an economically depressed area. I would never get new cent rolls, forget about the quarters.

tmot99

Guilty. Not sure why I've been keeping them, but I get 2 rolls of each SHQ when the bank gets them. First problem, I started late (2002). Second problem, I only get one mint mark. I have been thinking I need to get them to the bank and use them to buy coins I am really interested in.

Deadhorse

<< <i>I've been picking up a few original rolls of state quarters and the new nickels at the bank when they have them, starting with the 1999 issues. I've tried to sell them with almost no interest. I think you are right - just too many minted with a relatively high percentage saved.

At today's higher short term interest rates of 4-5% or so, holding them may not be a worthwhile investment.

Good job on the half dollar search - at least the 40% 1965-70 ones are worth at least 2.3 x face value. >>



It would be fairly odd to find any 1970 halfs. They were only released in mint sets.

2.3X face? I wish. Smelting costs are higher on those things. They are priced further back of spot for that reason.

I just sold 675 of the 40% halves(65 through 69) at $1.10 each. That's the highest they've brought since the Hunt induced spike back in '79-'80.

I don't really like to even buy them, but I do it as a courtesy when I'm buying the 90% stuff. Finding them in rolls is still cool though. The only way I can buy rolls of halves from the bank is to have them ordered and the minimum order is $2000.00 and a 10 day wait.

66Tbird

Da bags were good to me!! I give them a home. Snagged half dozen WI-D's when the leaf thing hit and made up a little ground. Some bags had issues of under 9000.