DAS7NY
Sr. Member
- Jun 6, 2008
- 338
- 0
Alright everyone! This has been a huge topic in magazines and books alike. If you have looked at the values for State Quarters in Unc. rolls they are doing very well for some of them. Well is this the time to sell? Let me show the facts:
- These were minted in the Hundreds of millions for every quarter. That means over a billion were minted every year. They are in such large quantity how can they ever be worth so much? They are made of clad, not silver, so they have zero intrinsic value whatsoever. Some people say that they are doing pretty well right now because the series has ended and some collectors are into them.
- Many, many, many people have hoarded these up (as myself). My opinion is that some are rarely found in circulation right now, there will come a time when everyone goes to cash in their state quarters and the value will go down greatly. Similar to, before the GSA hoards were released the 1904-O was one of the rarest and most desirable Morgans, and people payed a sum of money to get one. When the GSA hoards were released in the 60's (1963 or 64, not sure exactly) the 1904-O was no longer rare. I (personally) think that this will happen with the state quarters. Because of the amount minted and because so many collectors are hoarding them.
- For those of you who didn't know the Georgia rolls in Unc. condition are worth about anywheres from $30 to $60 each.
Now like I said I think these are hot right now and in years to come will go down. Maybe in a generation or two they might be worth a lot but not in the next ten years. My Dad and I are in a disagreement. I say sell the rolls and put it in older coins that are surefire to go up in value, unlike the state quarters. Maybe buy come key dates, the some of the Lincoln keys and maybe a 1916-D Merc. dime. What do you think? As an investment, will key dates do better than State Quarters? If I didn't say so we have over $1500 FACE value to unload. That doesn't include the collectors value and collecting premium. I'd love to hear what you guys think!
- These were minted in the Hundreds of millions for every quarter. That means over a billion were minted every year. They are in such large quantity how can they ever be worth so much? They are made of clad, not silver, so they have zero intrinsic value whatsoever. Some people say that they are doing pretty well right now because the series has ended and some collectors are into them.
- Many, many, many people have hoarded these up (as myself). My opinion is that some are rarely found in circulation right now, there will come a time when everyone goes to cash in their state quarters and the value will go down greatly. Similar to, before the GSA hoards were released the 1904-O was one of the rarest and most desirable Morgans, and people payed a sum of money to get one. When the GSA hoards were released in the 60's (1963 or 64, not sure exactly) the 1904-O was no longer rare. I (personally) think that this will happen with the state quarters. Because of the amount minted and because so many collectors are hoarding them.
- For those of you who didn't know the Georgia rolls in Unc. condition are worth about anywheres from $30 to $60 each.
Now like I said I think these are hot right now and in years to come will go down. Maybe in a generation or two they might be worth a lot but not in the next ten years. My Dad and I are in a disagreement. I say sell the rolls and put it in older coins that are surefire to go up in value, unlike the state quarters. Maybe buy come key dates, the some of the Lincoln keys and maybe a 1916-D Merc. dime. What do you think? As an investment, will key dates do better than State Quarters? If I didn't say so we have over $1500 FACE value to unload. That doesn't include the collectors value and collecting premium. I'd love to hear what you guys think!
Upvote
0
