2012 "s" mint uncirculated quarters - fast sell out?

Would still be a fiasco. If all of the coins were roll only, no bags, and they limited it to one per order you are still looking at only 35,000 orders or less than an hours worth of orders at peak rate.

 

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Looks like it will be minted to demand. Need not worry about sell out:

http://www.numismaticnews.net/buzz/quarter-mintages-could-increase

 

I'd like to see them mint 1.4 mil., sell them off by the bag to a bunch of unfortunates, wait a month, then pump out 25 mil. more and send them to the banks. I'm glad the weekend is here...

 

Looks like this deal is Dead Mint News Blog is now reporting that the 1,400,000 is the Initial Mintage and the the mintage will be To Demand. It might still be worth checking the sales figures on these, especially the later issues in the end of the year, if the mintage on these is still relatively low it might be worth buying some anyway but this is not going to be a huge money maker.

 

People should realize that the mint is not making these primarily for collectors. If you've looked at mintage stats for ATB quarters (and the last year or so of the Territory/State quarters) you'd notice that the mint has a big problem on their hands, with quarter mintages being incredibly low.

According to my source, demand for quarters from the mint is the lowest its been in decades, driven mostly by an increasing reliance on electronic payment, combined with the preponderance of coin counting machines like Coinstar allowing older quarters to re-enter circulation a lot faster and more often (and on a greater scale) than in the past.

It's likely that the mint is trying to find a way of minting additional quarters without having a situation like they did with the presidential dollars, where they have a ton of them continuing to pile up in warehouses. Adding a new mint mark is essentially trying to kill 2 birds with 1 stone.

 

I think the real reason demand is down is because of the huge mintages of state quarters that were hoarded, and are now being dumped as people discover that there is no market for them. A lot of people hoarded rolls or even boxes of every issue with the intention of making up sets and selling them once the series was over. Now they find that the sets are worth face value and are hard to sell. Easier just to take the coins back to the bank. The quarter is the workhorse coin and they tend to stay in circulation. Well for ten years they were making four or five times as many each year as what they normally did. now those coins are being put into circulation and they are staying there which means they don't need new ones.

 

After thinking about these it still might not be a bad deal in the long term if you leave them sealed in the mint rolls. I bet a large percentage of these will be ripped out of the rolls causing sealed rolls to hold a premium and i think the rolls ordered in the first month that qualify for "first strike" label might be worth even more.

 

just get the whole roll graded!


/sarcasm

 

One does not need to buy into the label nonsense to understand that others do. Leaving your options open by ordering the coins in the first month and leaving them sealed might be worth it.

 

You, sir, have just done an outstanding job of summing up very succinctly the ridiculousness of the grading/slabbing of the greater majority of modern coins.

 

Looks like the price is set too - $18.95 for a roll of 40 and $34.95 for a bag of 100.

http://mintnewsblog.com/

 

18.95 plus shipping is a pretty nice markup for a $10 roll of quarters

 

Does anyone know yet how often the will be issued? Alongside the P & D when the Mint catches up? What about the 2010 and 2011s?

 

So there will be D and S proofs, and P D S business strikes? This is going to make my Danscos look very cluttered. Does anyone know if Denver is also making silver proofs? Anarchy. I would love if we could get a P D S W proof set.

 

As far as I know there are only going to be S proofs as well as the P, D & S circulation strikes but I wonder my above questions...

 

I remember reading this, but I never really did any more checking on it.

http://www.cointalk.com/t167068/

 

That's news to me! Thanks for heads up!