Fifty State Quarter Program Continues To Lose Popularity
JGold
Posts: 6
"The economic slowdown has hit clothing, car sales, trips to the mall and nights on the town. So why wouldn't the superstar of U.S. coins be effected: the once wildly popular state quarter?
Yep, we're not flipping out over collectible change like we used to.
In 2000, the U.S. Mint made more than a billion of each of the five state quarters issued that year. And the latest 2003 issue, the Maine quarter? A mere 449 million were struck.
It's another sign of the slowdown in commerce -- and the fact that some folks are no longer hoarding Delaware quarters and other state treasures like they did in the good old days." -DFP
For daily news coverage on the U.S. State Quarter Program, numismatics and coin collecting visit Coin Today online at http://www.CoinToday.com , the most comprehensive daily numismatic news portal and resource center on the internet today.
Yep, we're not flipping out over collectible change like we used to.
In 2000, the U.S. Mint made more than a billion of each of the five state quarters issued that year. And the latest 2003 issue, the Maine quarter? A mere 449 million were struck.
It's another sign of the slowdown in commerce -- and the fact that some folks are no longer hoarding Delaware quarters and other state treasures like they did in the good old days." -DFP
For daily news coverage on the U.S. State Quarter Program, numismatics and coin collecting visit Coin Today online at http://www.CoinToday.com , the most comprehensive daily numismatic news portal and resource center on the internet today.
0
Comments
gotten a roll of new state quarters ever. And though I know state quarters aren't really investment pieces, I can't bring myself to part with or split up this new roll I got at face value. Besides, I really like the design on this one.
i'd have to say that the statement which alludes to the state quarter program losing popularity isn't accurate or related to the decrease in production of the series. after all, the quarter isn't produced for collecting, it's produced for commerce and the design was adopted to increase collecting interest and generate income at the Mint. the economic slowdown may not even be at the heart of the reduced production, rather just the simple fact that so many quarters are already in circulation that not as many need to be minted.
from what i see folks still collect the next state as it's issued. perhaps checking sales of mint sets and quarter sets could give a better view.
al h.
JGold, but in 2002, the Mint struck only 300 million of an Ohio quarter. If they thought popularity was dissapating, why would they produce 50% more 2003 Maine quarters?
I agree with Keets that a better barometer might be mint sets sales, for example.
Wondercoin
I think a better way to tell the popularity of the state quarters would be in collector sales and prices on the secondary market. I spoke to the Mint director recently for a story I was writing and she told me their sales of coin sets are way up this year over last year's.
If I had to guess, I would guess that the state quarter program is growing in popularity and will likely grow more as more populous states such as Michigan and Texas are added. So if you've got a truckload of Delaware quarters hidden away somewhere, take heart -- in 1,000 years or so, you'll be rich!
<< <i>in 2002, the Mint struck only 300 million of an Ohio quarter. If they thought popularity was dissapating, why would they produce 50% more 2003 Maine quarters? >>
Simple, they didn't.
The 217 million Ohio quarters was Philadelphia only (rounded figures), the 449 million Maine is Philly and Denver combined. The combined total for Ohio was 632 million. The Ohio P is still the lowest mintage, but only by 200,000 coins. And The Philly mint was closed for six weeks of the ten week Ohio production, not so for the Maine production.
Plus, I never pay more than face value for a roll. I just get them al my local bank. So, I will NEVER lose money on them, as I can always turn them in at face value, or what I paid for them.
FrederickCoinClub