Fun thread. I noticed no one mentioned the 82 & 83 quarters, which are very difficult to find in good shape. Does anyone here save these? Also noted no one mentioned the State Quarter issues that seem to have some premiums, e.g. Virgin Islands, Tennessee... I believe that all of the "Commonwealth" issues had very low mintages (about 30 million each or so) compared to their state cousins released before them. I haven't seen any real interest in these, however. Does anyone here pay attention to the Commonwealth releases?
this is an interesting thread but should cause us to re-assess the real-life meaning of "circulation" and "hoarded" and "intended" as the words apply here.
for instance, even though all these Kennedy Half-Dollars and Eisenhower Dollars are intended circulation strikes they were never placed into circulation. also, though they are never seen, the hoarder is the issuer or the banks, not individual citizens. the 40% Silver coinage isn't hoarded in the general sense that we think, it is actually more of a bullion item and as time passes they do indeed make it to the smelter. stuff like the 2009 Lincoln Cents and the 2004-2006 Jefferson Nickels aren't hoarded in a strict sense since they were sold in rolls by our Uncle. I suppose there are literally hundreds-of-thousands of rolls in the hands of collectors and in dealer unsold stock --- we probably have dozens of unsold rolls of each. the Sac Dollars and SBA's are another example of a circulation issue that was never "circulated" but instead, "hoarded" by the banks and the issuer.
I would agree with others that the Bi-Centennial Quarter is without a doubt the most widely and intentionally hoarded issue. also, as another member mentioned, they are easily recognized from both the obverse/reverse to even an old guy like me.
One of many reasons why the Bicentennial quarter was so heavily hoarded is the dual date 1776-1976. Working in coin shops I had several people come in to show me a coin they had from 1776. Their minds completely tuned out the 1976 part of the date.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Comments
Fun thread. I noticed no one mentioned the 82 & 83 quarters, which are very difficult to find in good shape. Does anyone here save these? Also noted no one mentioned the State Quarter issues that seem to have some premiums, e.g. Virgin Islands, Tennessee... I believe that all of the "Commonwealth" issues had very low mintages (about 30 million each or so) compared to their state cousins released before them. I haven't seen any real interest in these, however. Does anyone here pay attention to the Commonwealth releases?
George Washington Dollars in rolls.
this is an interesting thread but should cause us to re-assess the real-life meaning of "circulation" and "hoarded" and "intended" as the words apply here.
for instance, even though all these Kennedy Half-Dollars and Eisenhower Dollars are intended circulation strikes they were never placed into circulation. also, though they are never seen, the hoarder is the issuer or the banks, not individual citizens. the 40% Silver coinage isn't hoarded in the general sense that we think, it is actually more of a bullion item and as time passes they do indeed make it to the smelter. stuff like the 2009 Lincoln Cents and the 2004-2006 Jefferson Nickels aren't hoarded in a strict sense since they were sold in rolls by our Uncle. I suppose there are literally hundreds-of-thousands of rolls in the hands of collectors and in dealer unsold stock --- we probably have dozens of unsold rolls of each. the Sac Dollars and SBA's are another example of a circulation issue that was never "circulated" but instead, "hoarded" by the banks and the issuer.
I would agree with others that the Bi-Centennial Quarter is without a doubt the most widely and intentionally hoarded issue. also, as another member mentioned, they are easily recognized from both the obverse/reverse to even an old guy like me.
One of many reasons why the Bicentennial quarter was so heavily hoarded is the dual date 1776-1976. Working in coin shops I had several people come in to show me a coin they had from 1776. Their minds completely tuned out the 1976 part of the date.