Denali quarters prospects

taxbuster1040

I had ordered some rolls of Denali quarters (non proof) last year. It seemed that the mintages were such that they would take off in price. I am not really a flipper, but sometimes I buy something with low mintages that has potential. If anything, these have declined in price. I am wondering how the members here feel about this series. The numbers I got for final mintages are Denali - Rolls 17,668 - Bags 7,025 - Total Mintage 1,409,220 .... I still think there is some potential for this series. It seems like it would be similar to the 1996w dime. That sells for a hefty premium. Thoughts?

Manorcourtman

I have 100 rolls as do many other horders of these quarters. Someday they will take off..........................or so I keep telling myself

STONE

Give it 50 years

Bochiman

I've already been burned on more than a few of the mints offerings regarding quarters.
The way they do things is negative for people doing what you are doing regarding the quarters, imho, and so I have stopped.

I have actually decided to stop a lot of what I was buying from the mint due to the way they have continued to do things.

ricko

This will not be a winner in the lifetime of forum members..even if added all together... Cheers, RickO

Unknown

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tincup

The same idea was used when the state quarters came out. You can see how that worked out. I see local auctions where the rolls are selling for face value.

I expect the same for the Park issues. Way too many issued; everyone who wants them have them; many more saved than future collectors will ever need. Except for perhaps one or two issues that may have special significance (like Tennessee quarter - Elvis Presley guitar connection), not much price increase. JMHO, I am not an expert.

BillJones

I have never understood the concept of collecting mint sealed bags or rolls of coins which lose their value if your open them to look at the contents. If you can't see the coins or at best only one side of the end coins on the roll, what good is it? I collect coins, not sealed bags and rolls.

cladking

<< <i>I had ordered some rolls of Denali quarters (non proof) last year. It seemed that the mintages were such that they would take off in price. I am not really a flipper, but sometimes I buy something with low mintages that has potential. If anything, these have declined in price. I am wondering how the members here feel about this series. The numbers I got for final mintages are Denali - Rolls 17,668 - Bags 7,025 - Total Mintage 1,409,220 .... I still think there is some potential for this series. It seems like it would be similar to the 1996w dime. That sells for a hefty premium. Thoughts? >>



Hoards are often the problem.

The comparison of the low mintage S-mint Denali quarters to the '96-W dime is quite apt since
mintages are similar as is importance. But the dime was widely dispersed being available only
in the mint set where the quarter exists in a hundred sifnificant sized hoards. In the long run
this distribution isn't important because absolute numbers are absolute but in the short run each
time the price moves up more coins come on the market from hoards. Collectors don't behave
like this and sell justy because the price goes higher.

Compare this to the similarly situated 1982-NMM dimes. Most of these disappeared into only
three major hoards and despite the fact that the mintage is only 1% of the w or s mint coins
the same thing happens; each time the price goes up more coins hit the market so the price is
stuck at around $100.

I might be inclined to wait for the long run if I were a younger collector. The demand for these
should be much higher so the shortage might appear much sooner.

Overdate

The 1996-W dime has a 1.4M mintage and sells for about $14, and does not trade by the roll since it was only available as a single coin in the 1996 Mint Set.

Except for El Yunque, each 2012-S circulation-quality quarter also has about a 1.4M mintage. I think the 2012-S quarters will be even scarcer as singles, since many people collect them as mint-sealed rolls and bags. Each collected roll locks up 40 coins, and each collected bag locks up 100 coins.

Since the rolls sold at a higher price per coin than bags, I doubt that many of the ~17,000 mint-wrapped rolls of each design will be broken up to supply the demand for singles. Many people collect ATB quarters by the roll - there were actually many more 2012-PD rolls sold by the Mint than 2012-S.

That leaves about 725,000 coins of each design available from bags. Based on sales of Philly and Denver bags, a reasonable guess is that 2,000 to 3,000 bags of each "S" quarter design will be held back by bag collectors. This leaves around 500,000 or fewer coins of each design (slightly more for El Yunque) to fill the demand for singles.

Unlike the 1996-W dime, I don't expect the "S" quarters to reach $14 in the near future. But a significant rise from current prices would not be surprising.

I think what's keeping prices down at the moment is that many collectors are not even aware that the circulation-strike "S" quarters exist - I was at a local show recently and none of the dealers had any for sale. Also, many albums do not have spaces for the "S" quarters, since they are a recent addition to the Mint's offerings.

Mintages for this year's "S" quarters are trending higher. I think awareness and demand for the lower-mintage 2012-S coins will grow over time, but probably not at a fast enough rate to make them suitable for flipping.