Modern "hard times" tokens.....State quarters.

topstuf

I think times are getting tough. I have never had so many state quarters show up in change as in the last month or so. I bet people are finally beginning to wonder why they ratholed so many of the things when what they NEED is groceries.

Cladiator

I've noticed a marked increase in state quarters in circulation as well.

millennium

I would imagine that just the sheer numbers that have been minted, would more than likely be the reason....

topstuf

Doubt that's the case given the suddenness of the change. A bank teller could verify. They start getting silver eagles for deposits when things get tough. Really. Bank tellers used to bring them in the shop all the time. Maybe 3-4 per week.

cladking

<< <i>I think times are getting tough. I have never had so many state quarters show up in change as in the last month or so. I bet people are finally beginning to wonder why they ratholed so many of the things when what they NEED is groceries.

>>



If they are heavy in the earlier states issues than it's probably caused by the FED. They've
had substantial numbers of coins in storage since 2002 and these were heavy in later dates.
When mixed with recent new coin they'll be very heavy in later dates. If you're seeing a lot
of unc and AU coins from 2001 to 2004 then you're probably right that it is horders releasing
many of their coins.

If it's FED action than it probably means an improving economy in your area and if it's horders
it probably has little meaning of any sort other than a lot of people have finally recieved enough
in change that they need the use of their cash again.

In this area (Chicago) there have been a couple of FED releases and there may be no more in
storage beyond normal requirements. There was also something of a dishording about 6 months
ago but it was localized and brief.

The percentage of states issues climbed quickly to 10% and then gradually to 40% where it has
fluctuated for a couple years but with an upward bias. If the actions of everyone could stabilize
at this point it would probable settle at about 50% now.

It looks like by the time the program is over it will be about 60% and the old eagle reverse coins
will be picked clean of all the better dates over VG condition. The pre-'90 issues will be tough
even in attractive XF. This is dependent on the dollar coin not circulating before 2009 and a steady
or improving economy. The '99 to '01 states coins will be tough in nice XF+ and better as well.