Sign of the times? Got an AU58 1965 SMS quarter in change
clackamas
Posts: 5,615 ✭
I got a quarter in change that is an SMS 1965 in AU58 today. Is it a sign of the times when people start digging into the collections for pocket change?
0
Comments
I just got an AU-55 1965 quarter the other day. That's really damning it
with faint praise since the coin was a nice gem at one time but had a little
too much wear to call 58.
In fact I have been seeing a few other quarters which look like they were
saved from circulation in high grade 8 or 9 years ago. It's a tough call rea-
lly becaise it could have been unc and released last year. The main reason
I suspect they were pulled from circulation is because this has started only
very recently which wouldn't seem to allow time for them to wear much and
because many of them are coins which couldn't have come from mint sets.
They also tend to be the dates that were available in nice shape several years
ago.
I did see these go out of circulation the last few years since the grade spread
became truncated at the high end and the better dates became proportionately
scarcer. So far I've not seen a return of the better dates but this is new so
they may be along.
The '65 by the way is probably not an SMS coin. It's one of the very few which
is indeterminant but I'd guess there's a 60% chance that it's no mint set. The
die has just a little too much wear and the reverse die doesn't quite match the
obverse die for wear which is a little unusual for mint set dies. They are almost
always swapped together.
I doubt these are isolated incidents or the result of FED releases because there
hasn't been much of an uptick in high grade '90's issues. This appears collector
driven. It makes one wonder how many of these coins like this are out there.
It would seem to be in the range of at least a couple hundred million.
This seems bad for the market at least in the short run. It might provide more of
interest for collectors from circulation though so a positive in the long run.
Tough call.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>There's a coincidence.
I just got an AU-55 1965 quarter the other day. That's really damning it
with faint praise since the coin was a nice gem at one time but had a little
too much wear to call 58.
In fact I have been seeing a few other quarters which look like they were
saved from circulation in high grade 8 or 9 years ago. It's a tough call rea-
lly becaise it could have been unc and released last year. >>
I've received quite a few Delaware quarters recently in very nice condition. I've probably received more Delaware quarters in change in the past 3 months than in the entire time since the SQ program started. Seems like a lot of casual collectors are emptying their Whitman folders and SQ maps and spending their "collections".
My icon IS my coin. It is a gem 1949 FBL Franklin.