State Quarter Hoard

My Father passed away recently and left me with a large hoard of State Quarter P & D roll sets and mini-bags, all still in mint boxes. I have sold some of the "rarer" ones on Ebay. The question now is what to do with the rest. Is there any sense in hanging on to these for some period of years hoping for an increase in value? I'm afraid Dad would roll over in his grave if I just took them to the bank and deposited them!:vanish:

 

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I think that I would hold onto them for a few more years. The less rarer ones may increase in value. I wouldn't turn in coins in mint boxes for face value unless you're really desparate for money.

 

Sorry about Dad. I would hold on to them unless you need the money. There are some dealers who pay a premium over face for UNC. rolls and they do not have to be in original wrappers. I sold over 100 rolls and these were the asking price per roll.

GA 39.50
TN 35.00
IL 33.00
NJ 18.50

 

Panther I'm not sure when you last sold... Lately the dealers who were "supporting" this market decided to no longer be in the market. I would be hard pressed to find a dealer who is interested in more then just a roll or 2 at this point. To me it seems that "the bottom has fallen out" of the state quarter market.

 

Little over a year ago. Sorry, I used the purchase price from that period of time. And I agree that the market for the quarters has soften cosiderably.

 

Of course, now would not be the time to sell (i.e. buy low/sell high). Even though there are a ton of them out there, they should remain a popular series among collectors, as they are one of the more exciting modern issues with 56 different reverses, rather than the same coin over and over again with only a different date.

I think you’ll find too, with the advent of the internet, traditional dealer support has become less of a factor. With the internet, anyone can become a dealer and promote a coin.

 

They are common as dirt and not worth much more. Keep 'em only if you like to park your money is dead assets.

 

I am very sorry to hear of the loss of your father. Based on your post and what others have said about the current market for these, it sounds like a good idea to just hang onto them for a while unless you really need the money. TC

 

my father also collected these, the wrapped rolls were sold for about 12$ the loose ones were put into albums for his grandchildren, with 18 grandchildren every child ended up with a volume one and volume two of them, my children got only a volume one, but they were ones that dad had finished himself. I rolled and distributed the others among the heirs, they might have banked them, but I did not turn any of his state quarters into the bank, and who knows among his grandchildren which ones might decide to go further into coin collecting?

 

That's really a tough question. There is a glut of those out there. As a dealer I get 8-10 emails A DAY on people wanting to sell their gem hoard of State Quarters. Last one had 5 roll sets (500 rolls) plus rolls of Sacs, Pres dollars and SBA's. Sales are extremely slllllooooooowwww on those now and I have, what I believe, are the lowest prices around on those. They just are not moving well now. :crying:

A year ago they were pretty hot ... but now at a standstill.

 

My Father saved quite a few rolls from the late '50s and early '60s. The non-silver rolls decreased in value quite a bit since then due to inflation. That was 45-55 years ago and it will may be another 45-55 years before they regain their original purchasing power.

I suspect the state quarters will continue to decrease in value over time and, even if they "appear" to appreciate, their purchasing power won't be greater that it is today...for a very long time.

If you can bring yourself to part with them, you may want to sell them (at a premium, or course) to someone that likes to search OBW rolls for varieties...then use the proceeds to buy some older, high quality, key date coins that have a better chance of appreciation. Returning them to the bank (for me) would be a last resort.

 

I’m not quite so bearish on the state quarters. Yes, it could be awhile, if ever, before they see any significant appreciation. The millions of state quarter collectors brought into the hobby are happy with collecting them from circulation at this point. But, as a percentage of these collectors move from novice to numismatist, they will, in addition to branching out, demand better quality examples of the state quarters. Of course, the business strikes will probably be the lowest priced and the proof and satins will demand more – unless a significant portion of the holders of rolls become disenchanted and dump them.

 

Thanks for the replies. My Dad was a very astute collector from the 1960's until the early 1990s, then slowed down in the hobby. As a kid, every Saturday morning meant a trip to the safe deposit box at the bank. Very exiting and "James Bond-like" for a kid to walk though the big round vault plug-door and see gold bars and money bags on the other side of the day gate! A couple of years ago, he got afflicted with macular degeneration in both eyes, but was still able to select and buy mint issues online using a magnified computer screen. The quarters that I sold off on Ebay, were converted into key date Morgan dollars. I'm hoping to find a way to sell the remainder of the hoard and do the same.

 

I don't agree. Yes, anyone can sell the coins.... but can anyone buy the thousands and thousands of rolls it requires to cause the market to move... I think you'll agree with me and say no.

Those were the people I was referring to. The people that were controlling the market by buying lots and lots of coins. These people have quit doing this. When a market quits being supported by "the big boys" good things are not in the cards for that market. This unfortunately is the case for the state quarter market.

 

You can either take them to the bank and cash them in at face value or do what I did when I got tired of holding onto mine....make up as many sets in albums as I had the coins for and give them away to kids in my family and sell the rest. On the ones I sold I probably only made a few dollars above what it cost to build them, but thats more than what the bank will pay out. In all honesty, it was more fun to give them away than sell them.
Guy~

 

I understand your point and yes, "The big guys" had and still have some influence on the market, yet less so as the internet market develops. The big guys are in essence middlemen moving product to the ultimate consumer (the collector). With the internet, the person that bought the rolls from the bank/mint can sell directly to an enormous market of collectors - the middleman with his brick & mortar shop is no longer needed. Everybody wins! New sellers are able to operate with less barriers to entry (big guys controlling the market, high overhead, limited inventory). Collectors have better choices, easier access to product, and more variety to choose from at lower prices. And well, the big guys, although some feel their grip on the market slipping (as it is), their options are to evolve and become part of the internet market, as some are doing, or fight the change and become dinosaurs. Of course this is my take based on what has already occurred. Will it continue into the future? Anything can happen, but I'd guess the internet will continue to evolve and will be the future of retail, not only for coins.

 

So sorry to hear about your father. Saving the quarters would be an honor to your father. Who knows, ten years from now they will be worth at least a little bit more. Worst case scenario, you will have ready cash on hand for an emergency. Take care!

 

I guess that is where I stand at the moment. I have 96 rolls of state quarters, four from each of the first 24 states produced. I could use the money for bills instead of being stored up somewhere. I don't know where to go to get some value out of them other than just going to the bank for face value.

Red

 

Sorry too but I have to agree with this one. At coin shows there really isn't much happening with those.

 

I have a lot of circulated ones I'm about to take to the bank. I'll probably end up filling a book or two, but after that I don't see much of a point in holding them. Of course, it would be different with uncirculated rolls.

I guess my line of thought is that there are a lot of these out there, so I don't see them appreciating much higher. A lot of people had the same idea to collect these. With that said, it seems on Ebay you might be able to get 3-5 dollars more per roll.