Advice on cashing in State Quarters

[Smremm]

When my brother died in 2003, I inherited his coin collection which was fairly large. In that collection, there were many rolls of State Quarters. Apparently, he thought they were going to be collectors items so he bought rolls in bulk. I've been holding on to them mostly for nostalgia, but recently I've been wondering if it wouldn't be more productive to cash them in and use the money to either buy rolls of halves to search or purchase something more valuable, like gold or silver. Any thoughts?

 

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[enamel7]

Some rolls will sell for a slight premium. Check feebay or coin shops to find out value.
HH
enamel7

 

[JasonB]

Some states have a significant premium. Check eBay and with a coin dealer you trust first. Buy a copy of Coin World magazine also. there was an ad in there recently offerring to buy State rolls and paying big prices for some of them.

 

[Smremm]

Well, no coin shops in my area are buying state quarters and it looks like they're having a hard time giving them away on e-bay. I guess I'll just cash them in for face value and move on. It was worth checking out, though, thanks for the advice.

 

[Marchas45]

Well, no coin shops in my area are buying state quarters and it looks like they're having a hard time giving them away on e-bay. I guess I'll just cash them in for face value and move on. It was worth checking out, though, thanks for the advice.

Check the coins first before you cash them in. There are many errors that go for a premium, so take some time going through them.

 

[Smremm]

Oh, my! $700 in quarters looking for an error? I don't know if I have the stamina.

 

[Marchas45]

Oh, my! $700 in quarters looking for an error? I don't know if I have the stamina.

Won't take that long and the errors to look for will be obvious.

 

[JJtheRollHunter]

Be sure to check all of the Wisconsin quarters for the leaf error.

 

[Diver_Down]

It really is worth your while to investigate the coin magazines for buyers. There is one that I see advertise in Numismatic News. They are called Covina Coin in CA. You have nothing to lose. At the very least, you can always cash them in for face. Even common states carry a premium over face to the large coin dealers. They make a steady business of assembling sets/albums for gifts especially at this time of the year. In Jacksonville, I know of a shop that pays an employee to sit with gloves and assemble state quarter books.