Why are the TN state quarter rolls almost twice as expensive as any other state? I've seen the total mintage #'s for all of the states so far and TN is about equal to all the other ones.
Are you serious? Are there any articles on this, where did you get this info? If that's the real reason I think it's pretty lame. Plenty of famous people come from various states and their state coins aren't as inflated. E.g., Abraham Lincoln, one of the most famous presidents in U.S. history, was born in Kentucky and spent most of his life in Illinois. He was, obviously, assassinated in D.C. (if they decide to make a coin for D.C. and other places like Puerto Rico and Guam), and those coin rolls won't be inflated either. or maybe they will, who knows.) And he is on 2 different forms of U.S. currency! In addition, individual TN coins have the same value as other coins, it's only the rolls that are more expensive. Is it a possibility that there were a lower number of rolls produced by the mints compared to other states because most of the TN coins were sold and/or distributed by mint sewn bags? To me, that would make more sense, but Elvis being the reason, no disrespect to him, sounds pretty #*@! stupid. But maybe that"s just TN for ya.
Yes I am quite serious. When the Tenn. coins came out they were bought in huge numbers by private companies who would then take the coins and plaster Elvis stickers on them. They sold them by the millions. They are still selling them. This meant that the availability of the Tenn. coins was greatly reduced when compared to the coins of other states. The market reflects this.
That makes sense then but please tell me that the ones with stickers on them, while probably sold at a slight premium, are no more valuable than a regular TN quarter.
He's right, its Elvis. Go to the Graceland shop and you can buy Tenn. quarters with young Elvis, Old Elvis, etc,etc. painted on them. Rolls and rolls of Unc. Tenn. quarters were bought up so they would have a supply for years to come.
I thought the price increase in TN quarters was due to a shutdown the Mint was experiencing during the time these quarters were being minted (at least at the Denver Mint, I think). I seem to recall that they were switching over to some new machinery or something (don't quote me on that; it's been a long day). I think there was a lot of speculation as to whether or not the mintage would be lower (compared to other State Quarters), so people started buying them in droves. As it turned out, the mintage was comparable to the others, so the prices took a nosedive. For some reason it seems, the TN quarters are still high... Go figure!
wow sorry if im being a bit politically incorrect----Edited---ah yes....lets try to word that alittle different.
Being from Tennessee, the people here ironicly could care less about Elvis (obviously just from the people I know).. same goes for country music. Take for example, we know a tourist when we see someone walking around in a brand new cowboy hat and boots. Contrary to popular belief, we wear the same things as everybody else.. and when it comes to coins.. I will say we have pride in our state's history of coinage.. but I would say the hub-ub over these coins comes mainly from outside the sate.
Something I think mentioned here but seemingly forgotten is the fact that (as alluded to by OKC) the Philadelphia Mint was shut down during the end of production of the Tennesee quarters and for the beginning of the Ohio quarters. This by no means made them rare, in fact, the mintage for both coins ended up being relatively normal, (with Ohio P being a bit low) it did however, seem to mess with the channels that these coins became available, and as demand rose (even slightly) for these quarters over other states, a premium became attached. Yes, the Elvis quarters contributed to the large attrition of MS TN quarters, but there is a coin like that for almost EVERY state, and the Elvis ones have just become more visible. I think as with most modern coins, the only reason that ANY of these quarters carry ANY premium is speculators driving the price up. I belive that these coins will be about as valuable as any mid 50s thru today modern coin. Readily available and cheap in MS and for the exact same reason! People have hoarded rolls of them and so they will never be scarce.
