collect state quarters in 69 or 70?

nard1 · April 19, 2007 3:53AM

as a new collector I want to collect the state quarters but can't decide how in terms of some future appreciation. As a collector I will be happy no mattert how I collect. BUT from an investment viewpoint would it make sense to do pf69 instead of the far more costly 70? To collect mint state versions should I aim at higher expesive grades or settle on a grade that is reasonably priced but with nice "eye appeal" ? Thank you for ideas.

Russ · April 19, 2007 3:58AM

Proof state quarters are a lousy investment idea in any grade. So, collect them if you like them but don't plan on ever making a profit from them.

Russ, NCNE

nard1 · April 19, 2007 4:08AM

does collecting FDCC make any investment sense? I see that the 2007 quarter numbers are a low 35,000.

Baley · April 19, 2007 4:17AM

are sure you wouldn't prefer an older coin?

nard1 · April 19, 2007 4:24AM

I really would prefer an l804.....but. Seriously I really like the states. Like all coins they are fun and historically important. If I were wealthy I still would collect them.

vega1 · April 19, 2007 4:43AM

My opinion only, go with the 69 coins. They are readily available, much more reasonably priced, and you will have far less exposure to big dips in value from things like changes in population and, <shudder> your coins spotting/toning/hazing etc. in the holders. And if one does, replace it.

Maybe go with Silver Proof 69 coins if you want to add another level of "prestige" to the collection.

By the way, all this assumes you mean PCGS graded coins.

Russ · April 19, 2007 4:53AM

<< <i>Seriously I really like the states. >>

Nothing wrong with that. Deep cameo proof coins are very high on the eye appeal meter. Just collect them for fun with your eyes open. An investment vehicle they aren't.

Russ, NCNE

pf70collector · April 19, 2007 7:27AM

The market fluctuates on these but I bought a silver proof 1999 NGC PF 70 set in 2004 for $1500 and sold this year for $5200. Try finding a 70 NGC for less than $2000.00. A PCGS Delaware Silver 70 went for $6600 alone on Teletrade this year. Is it stupid money. Could be. I thought it was stupid money for $1500 in 04 but I had a good feeling about these. But it was the right time to sell. NGC is extra tough on these but only for Delaware 70's. PCGS is definitely tougher on these. As far as the other years in the series in silver 70's I see no potential at all, but do have them all in NGC 70. High grade MS Business Strike examples in PCGS 68 or above are not as easy as some think especially now that they can't be picked out of mint sets anymore because of the satin finish.

Zoins · April 19, 2007 7:30AM

The mintages for SHQs are HUGE, H..U...G....E...!!!!!

Umm, ok, that's all I have to say

Russ · April 19, 2007 7:36AM

<< <i>The market fluctuates on these but I bought a silver proof 1999 NGC PF 70 set in 2004 for $1500 and sold this year for $5200. >>

The value of the 1999 silver proof sets has also increased 10 fold from mint issue price. This single year is not a reflection of the potential for proof state quarters as a group.

Russ, NCNE

rgl1345 · April 19, 2007 8:21AM

Proofs if you like em, for something harder...try MS67 and up in all business strikes, no satin finish...

Konahead · April 19, 2007 8:42AM

<< <i>The market fluctuates on these but I bought a silver proof 1999 NGC PF 70 set in 2004 for $1500 and sold this year for $5200. Try finding a 70 NGC for less than $2000.00. A PCGS Delaware Silver 70 went for $6600 alone on Teletrade this year. Is it stupid money. Could be. I thought it was stupid money for $1500 in 04 but I had a good feeling about these. But it was the right time to sell. NGC is extra tough on these but only for Delaware 70's. PCGS is definitely tougher on these. As far as the other years in the series in silver 70's I see no potential at all, but do have them all in NGC 70. High grade MS Business Strike examples in PCGS 68 or above are not as easy as some think especially now that they can't be picked out of mint sets anymore because of the satin finish. >>

I have a complete set of silver state quarters and looking back on what I paid to the recent sales I am not unhappy! The 99, 01 sets have done very well and the proof coins are nice to look at. If you like them I would not hesitate to get what you like and can afford. If you are buying back issues now I would not expect them to apreciate, but I would not expect them to tank either. Collect what you like. IMHO

collect state quarters in 69 or 70?

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