Hey Guys I recently found around $220 in mint wrapped state quarters at the bank. I feel that $220 is a bit much to just sit on, especially since I'm more interested in classic U.S. coins and would rather put this money towards those coins. So my question is: do these still sell for a premium? Or would I have better luck cracking open all of the rolls and searching for blank planchets, missing clad layers, and other errors? Thanks for you help
Welcome to CoinTalk, Half. Are you a collector or an investor? I don't see much upside to holding rolls of State Quarters. The coins were struck by the hundreds of millions and hoarded by the tens of millions so there will never by a shortage of Uncirculated SQs. Personally I would search the rolls for errors and cherrypick the gems and spend the rest.
I'm a collector; though not too interested in moderns, I am putting together sets of state and park quarters (no mm/ 1 of each). In an ideal world I'd like to get a premium for these to increase my budget for classics, but as you said these were horded by the masses, so not much of a chance there. I'll most likely search through these and see what I can find. Thanks for your help and the welcome!
Curiosity Question: Does the Mint wrap coins? I thought they shipped them out in LARGE bags to some other entity (Wells Fargo?) and let them do the rolling.
The mint doesn't physically wrap the coins.....they send them out (String & Sons?). But the so called Mint wrapper is different from the regular bank wrapped coins. That's a collectable possibility. I remember a few years ago, the mint wrapped Harrison (Presidentials) coins were going for crazy stupid money on e-bay.
The mint doesn't physically wrap the coins (at least to my knowledge) but sends them to String and Sons or some wrapping company which wraps them in special Mint rolls. I believe that these coins are also higher quality than 'normal' ones released for regular wrapping, though this could just be an urban legend to justify crazy prices for $10 in quarters.
Nebraska P and D Nevada P and D Minnesota P and D Colorado P and D Oregon P and D Florida P and D Texas P and D Louisiana P and D Indiana P Kansas P and D Ohio P and D Hiwaii P and D Plus 2005 Kennedy halves both P and D
