Lowest minted Unc coins ?

OLC · January 3, 2013 12:35PM

Bought some 2012 S Quarters. Looking at adding some more. See that the mintage of the El Yunque is showing 1,680,140. Is this the lowest minted unc coin say in the last 50-75 years when talking about the 1 cent , nickel,dime quarter half dollar and dollar coins not counting silver eagles? Thoughts

stealer · January 3, 2013 12:37PM

<< Bought some 2012 S Quarters. Looking at adding some more. See that the mintage of the El Yunque is showing 1,680,140. Is this the lowest minted unc coin when talking about the 1 cent , nickel,dime quarter half dollar and dollar coins not counting silver eagles? Thoughts >>

Grab your closest Redbook, there are plenty of coins in those denominations with much, much lower mintages

OLC · January 3, 2013 12:39PM

I edited to say last 50 to 75 years. I don't have Redbook but have been searching online and can't find one. What am I missing. Thanks

kiyote · January 3, 2013 12:42PM

There's that 98 SMS Kennedy half that had around 64,000. Are we talking circulation strikes or special mint offers? Do commemoratives count?

OLC · January 3, 2013 12:51PM

I guess I meant circulation strikes but you make a could point. Technically the 2012 S quarters may be circulation strikes but were not put into circulation by the normal method. I guess the board is sometimes used to let members know of possible rarities before the average person might find out. I wanted to start some sort of dialog here to find out what other people thought of these issues before they all sold out. Is there something to my thoughts or not is my main question. Thanks

GrumpyEd · January 3, 2013 12:55PM

I'd compare it more to coins like the Kennedy Halves that were not put in general circulation and had low mintages.
Others might not agree but I think the mintage is big for a non circulating coin.
Many people that have collections of quarters only will collect ones that circulated like a set minus the proofs and probably minus these s minted non circulated ones or they might not even collect by mintmarks. The demand would be limited to the people going for a full inclusive set of quarters. I don't think there are 1,680,140 people putting inclusive sets like that together so maybe the supply exceeds the demand.

I could be wrong but that's my take on them.

LanceNewmanOCC · January 3, 2013 1:16PM

<< What am I missing. Thanks >>

a redbook. pro version or regular.
.

savoyspecial · January 3, 2013 1:25PM

the aforementioned commems, Kennedy matte etc. aside there are also the 94 and 97 Jefferson nickels (special striking) and the 96-W Roosevelt dime

GrumpyEd · January 3, 2013 1:39PM

A similar comparison might be 87-P and 87-d half dollars. 2.89 million made.
You can buy an 87 mint set to get them.

Those might have an advantage, there is a spot for them in the folders. Not sure if the S quarters will have a spot in the regular issue folders?

PRIZ430 · January 4, 2013 1:47AM

Many of these bags are going for double their mint issue price already on Ebay.....so a 100% profit on your investment within a few months is not a bad profit at all.....

ColonelJessup · January 4, 2013 1:49AM

I continue to be impressed by the total lack of effort some newbies show in refusing to buy a Redbook. I also applaud the enabling behavior of those who answer their questions, thus aiding in maintaining ignorance among those who might learn a great deal more if they had this most basic of all numismatic references.

BTW.. the date and mintmark are ....... LOOK IT UP!

joeykoins · January 4, 2013 2:02AM

Yeah Redbook would be your best bet,like mentioned. In the Statehood Quarters,I believe it's the Oklahoma D,that has the lowest mintage. Take a look at the 1997 Matte finish nickle.You'll be surprised how low it's mintage is,and how affordable it still is.

baddogss · January 4, 2013 3:46AM

They do have an online version of the Red Book, I like the spiral bound hard cover myself.

Red book

Overdate · January 4, 2013 4:28AM

The El Yunque may turn out to be the *highest* mintage of the 2012-S quarter designs.

Senex · January 4, 2013 4:29AM

<< I continue to be impressed by the total lack of effort some newbies show in refusing to buy a Redbook. I also applaud the enabling behavior of those who answer their questions, thus aiding in maintaining ignorance among those who might learn a great deal more if they had this most basic of all numismatic references.

BTW.. the date and mintmark are ....... LOOK IT UP!

>>

Sheesh, what a grouch!

jmski52 · January 4, 2013 5:23AM

I continue to be impressed by the total lack of effort some newbies show in refusing to buy a Redbook. I also applaud the enabling behavior of those who answer their questions, thus aiding in maintaining ignorance among those who might learn a great deal more if they had this most basic of all numismatic references.

The Redbook isn't always accurate. Or current.

Elcontador · January 4, 2013 5:31AM

The 1879 Dime had something like 12,000 or 14,000 total coins minted, but none of them circulated, so in MS 65, they are priced as a type coin.

ColonelJessup · January 4, 2013 5:46AM

<< I continue to be impressed by the total lack of effort some newbies show in refusing to buy a Redbook. I also applaud the enabling behavior of those who answer their questions, thus aiding in maintaining ignorance among those who might learn a great deal more if they had this most basic of all numismatic references.

The Redbook isn't always accurate. Or current. >>

The mintages don't change. Sure the pricing is often irrelevant, but please suggest another reference book you think would give as much or more information in anything as concise a manner.

If I were to change the statement to "refusing to do the most minimal basic research on their own" would that work for you?

Remember in 8th grade when the teacher said "You'd know that if you did last night's reading assignment"

ambro51 · January 4, 2013 6:02AM

I'll side with the OP in that indeed its an incredibly low mintage and may be a great long term hold (investment) if you buy at face value. Yes some pieces like the SMS Kennedy were lower mintage but these snd other examples like the 96W dime were"special" for collectors. That quarter you mention may just be plopped into general circulation and in the FAR future may MAY be rare and valuable.

kiyote · January 4, 2013 6:07AM

The advantage of the S mint quarters is that you can get them from the mint for just barely over face value in bags and rolls. The ship has already sailed on the 98 SMS Kennedy.

HalfStrike · January 4, 2013 7:37AM

These S quarters are relative rarities in the quarter series, eventually collectors will have to buy back-years and since most are stuck in bags and rolls prices should go up substantially IMHO.

cladking · January 4, 2013 9:13AM

<< Bought some 2012 S Quarters. Looking at adding some more. See that the mintage of the El Yunque is showing 1,680,140. Is this the lowest minted unc coin say in the last 50-75 years when talking about the 1 cent , nickel,dime quarter half dollar and dollar coins not counting silver eagles? Thoughts >>

It will be very interesting to see what percentage of these mintages flow
into circulation due to their low cost. Many buyers will buy numerous coins
and only save the best or best few.

Enough people watch states issues in circulation that an S-mint won't be
able to circulate freely. After passing through about 150 hands it will pro-
bably go into a folder or collection. Herein lies perhaps their greatest strenght;
since it will get people looking at the coins.

It's pretty easy to see a lot of these being spent and total demand exceed-
ing the mintage if all the millions of states quarter collectors desire owning
one of these. And it might even get them in the coin shop.

Most of all it shows the paltry demand for all moderns if a mintage under two
million largely ends up in circulations.

When was the last time that happened for regular issue US coins?

wondercoin · January 4, 2013 9:13AM

"The mintages don't change."

Very true, but if they are reported wrong in the first place (as I believe a number of modern mintages are) then they will also always be wrong until corrected.

When I was interviewed by PCGS magazine a number of years back, I selected the Red Book as my #1 book of choice in numismatics. That said, it is certainly not my #1 reference guide for modern coins these days. IMHO, just far too many erroneous mintages or prices at this time to be the top reference. Pricing also needs a great deal of help with the U.S. Philippine series. I sent Jeff Garrett some suggested changes a few months back, but have yet to hear back. I may follow up with him after FUN.

Wondercoin

LindeDad · January 4, 2013 9:17AM

8400

Over a million not that low.

ambro51 · January 4, 2013 9:33AM

I don't think they will stand out enough to be noticed. Now.... If that was the new Elvis half dollar, with a 2 million mintage

ColonelJessup · January 4, 2013 11:00AM

If the numbers on "Moderns" are wrong, I can put you directly in touch with Ken Bressett, with whom I've taught at ANA Summer Seminar. He has some influence with the editor of the Redbook.

I would be surprised if he's not thrilled to receive your documentation.

And I'll hold firm on my observations and surmises about many on this Forum enabling laziness and willful ignorance.

ProofArtworkonCircs · January 4, 2013 1:03PM

<< Bought some 2012 S Quarters. Looking at adding some more. See that the mintage of the El Yunque is showing 1,680,140. Is this the lowest minted unc coin say in the last 50-75 years when talking about the 1 cent , nickel,dime quarter half dollar and dollar coins not counting silver eagles? Thoughts >>

Consider the 1972 D quarter with the proof artwork reverse (a type B-like type H). Comparing number found against total of the same year and mint examined I project a mintage of 37,400. Doing a similiar exerecise with total found versus total examined (all dates and mints), I project a mintage of 39,100. I don't know if my experience is repeated across the country, but they are certainly next to impossible to find. I have not found one in over 25 years. Now, if we have an original mintage of about 40,000, how many still exist in uncirculated condition? I know of none.

wondercoin · January 4, 2013 5:43PM

Colonel: Have Ken send me an email to mjcapc@aol.com and I can assist him with correcting the errors.

I will also be at FUN all next week if he is going? He can call me at (949) 394-7122 and I would be happy to meet up with him (or anyone from the Red Book) to address correcting the modern coin problems.

Wondercoin

ColonelJessup · January 4, 2013 7:07PM

Don't know if he'll be there, but I will try to get to him before the show. If he's there I'll get you together. That your cell#? I'll send you mine via PM.

And I apologize to the "Moderns" crowd. Since you're sharing unavailable information, you should be supported, not chided.

I'll stick to Stewart Blay posts, where I tend to be more useful

wondercoin · January 5, 2013 2:27AM

Thanks Colonel.

And, to be clear, a very large percentage of the modern coin information in the Red Book is accurate and perfectly fine. BUT, repeat, BUT, if even one coin shows the wrong mintage ... say mistakenly showing as the low mintage coin in the set when it is not ... it creates an erroneous picture of the entire series for collectors of that series.

Not only does the "modern crowd" attempt to share the right information here, but, as I mentioned, I would also be more than happy to assist the Red Book editors with correcting their information (and in fact already tried to do so on the US Philippine series).

But, also Colonel ... the Red Book pricing and mintage information needs some assistance in other specialty areas as well ... for example ... the U.S. Philippine section at pages 407-411. I took the time to write the Red Book, because some of the US Philippine pricing was WAY off. How about this one that I included in my email (that to this point has gone unanswered)...

1906-S Peso in MS63 - Should be listed at $175,000 in my opinion (now listed at $30,000).

I assume that would be a fair retail price value for the Red Book if I believe I could move the same properly graded coin right now in a PCGS holder for about 80% of that level if not more? Not sure exactly what measure the Red Book uses, but obviously even if it should only be $140,000 posted price in the Red Book that is a far cry from the 2013 listing price of $30,000. Could you imagine if a collector came across one of these and sold it to a dealer for $25,000 or so using only the Red Book as his guide? AGAIN, I PICKED THE RED BOOK AS A GREAT SOURCE IN THE MARKETPLACE A FEW YEARS BACK IN MY INTERVIEW ... LET TRY KEEP IT THAT WAY!

Anyway, not to derail this thread ... but, if you can get someone over there to contact me, I will be more than happy to assist with cleaning up whatever I can help with.

As always, just my 2 cents.

Wondercoin

OLC · January 8, 2013 10:09AM

<< The El Yunque may turn out to be the *highest* mintage of the 2012-S quarter designs. >>

Looks like you may be right Overdate the Hawaii and Chaco Culture went on backorder this afternoon. Looks like they may be around 1,400,000

19Lyds · January 8, 2013 10:25AM

<< The 1879 Dime had something like 12,000 or 14,000 total coins minted, but none of them circulated, so in MS 65, they are priced as a type coin. >>

He asked specifically for the last 50 to 75 years.

19Lyds · January 8, 2013 10:26AM

<< 8400

Over a million not that low. >>

He asked specifically for the last 50 - 75 years.

HalfStrike · January 8, 2013 10:43AM

OLC the closest comparison to these s quarters is probably the 1996 W dime that has a mintage of 1,457,000. That coin sells for about $10 each so these S quarters might go much higher than they already are.

I think a lot will depend on what happens to future mintages of the S quarters, but I will be surprised in they make fewer coins for 2013 than they did for 2012.

OLC · January 8, 2013 11:41AM

<< OLC the closest comparison to these s quarters is probably the 1996 W dime that has a mintage of 1,457,000. That coin sells for about $10 each so these S quarters might go much higher than they already are.

I think a lot will depend on what happens to future mintages of the S quarters, but I will be surprised in they make fewer coins for 2013 than they did for 2012. >>

Halfstrike I couldn't have said it better myself. I just wish I had some more money to buy a few more rolls of the Acadia's and Denali's while they are still available.

IwantNonCCs · January 9, 2013 5:07AM

<< Bought some 2012 S Quarters. Looking at adding some more. See that the mintage of the El Yunque is showing 1,680,140. Is this the lowest minted unc coin say in the last 50-75 years when talking about the 1 cent , nickel,dime quarter half dollar and dollar coins not counting silver eagles? Thoughts >>

No
All 8 of the 2009 Lincoln cents in Copper the Redbook states 784,614 minted

Of course they will probably cost you twice as much as a S quarter ($1-2 each instead of 50c-$1 per quarter)

OLC · January 9, 2013 6:17AM

<< 

<< Bought some 2012 S Quarters. Looking at adding some more. See that the mintage of the El Yunque is showing 1,680,140. Is this the lowest minted unc coin say in the last 50-75 years when talking about the 1 cent , nickel,dime quarter half dollar and dollar coins not counting silver eagles? Thoughts >>

No
All 8 of the 2009 Lincoln cents in Copper the Redbook states 784,614 minted

Of course they will probably cost you twice as much as a S quarter ($1-2 each instead of 50c-$1 per quarter) >>

Yet another example of how the wonderful Redbook everyone was telling me I needed is off.

cladking · January 9, 2013 9:34AM

<< Of course they will probably cost you twice as much as a S quarter ($1-2 each instead of 50c-$1 per quarter) >>

Yet another example of how the wonderful Redbook everyone was telling me I needed is off. >>

It's obvious there's a lot of interest in post-'65 coins the last few years yet this is not reflected in the guides.

Krause does the same thing with world coins that have soared in value but list for nominal prices.

This has been going on since 1965 really but is most apparent when interest picks up.

hiijacker · January 9, 2013 11:47AM

2008-W Uncirculated Platinum 1/2 ounce eagle mintage of 2,253

http://www.coinworld.com/Articles/ViewArticle/low-mintage-platinum

Lowest minted Unc coins ?

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