Is it worth hanging on to rolls of State Quarters?

Halfhunter06 · January 21, 2011 1:21AM

I have bank wrapped rolls of quarters, (Not TN, or IL, or a 1999) is it worth keeping? According to Greysheet the best I have are Washington State D's that are 16 each, but then, who wants them for that?

BAJJERFAN · January 21, 2011 1:24AM

<< <i>I have bank wrapped rolls of quarters, (Not TV, or IL, or a 1999) is it worth keeping? According to Greysheet the best I have are Washington State D's that are 16 each, but then, who wants them for that? >>

Cash them in and use the money to buy coins that are worth more than face value.

tightbudget · January 21, 2011 1:31AM

Take them to Parsippany and see if someone will take them for 11 or 12 bucks. Better than letting them collect dust.

garrynot · January 21, 2011 2:09AM

They are good to hit someone with if you get mugged.

rld14 · January 21, 2011 2:21AM

They may well appreciate, however the dollar will continue to depreciate at a more rapid pace.

trosen · January 21, 2011 2:30AM

I'd get rid of them and use the money to buy 90% silver quarters. I have some serious buyers remorse when I bought into the USMints 2009 terrritorial quarter offers. I could have bought 90% quarter rolls for $100 each at that time. I'm done buying modern clad for speculation. I've learned my lesson the hard way.

IHC08 · January 21, 2011 2:42AM

If it makes you happy to keep them, then sure.

If you think they're going to be worth more than 25c sometime in your lifetime, then I'd say no. Spend 'em.

BillJones · January 21, 2011 2:47AM

In long run I don't think it's worth keeping them. These coins have been saved by the millions in run of the mill Mint State and will never be worth much in the average Mint State grades.

If you are going to keep them, go through the rolls and take out all of the culls. I knew dealer who had store in Massachusetts who bought a huge number of them that he figured would keep him in business for a few years. He went through the rolls and some late die state pieces that weren't worth keeping because no collector would buy them. Those were better spent. There is no sense in keeping material like that.

Bochiman · January 21, 2011 3:06AM

To me, they are similar to the 1976 Bicentennial quarters/halves.
People kept them because of the design. Saved them in hoards.

Look at their value today......

Now, that said, I will still keep a number of them. My reason is that I can afford the $10/roll to do it and I want to be able to give some unopened rolls to my son when he is older, if he remains interested in coins. Maybe nothing will come of it, but maybe he will enjoy the chance to be the first to open some rolls and see if anything cool is inside...
If he doesn't remain interested, then it is still cash, even if the relative value will have decreased by then. Would have been worse to gamble that money, buy material goods that don't last, and almost as bad to put it in the wrong stock or bullion at the wrong time....or even not so great to put it in the bank and get that great .00000001% interest