any numismatic reason to save Delaware, NJ and Pennsylvania quarters

I read somewhere other than this forum that it would be wise to save all NJ, PA and DE Washington quarters because dealers were starting to pay 2x face value for them in circulated grades.

Is anyone in agreement with that or am I 'hoarding' them for no good reason. I don't want them from a collectible perspective, but was saving them for the potential of selling them at more than face value.

 

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I think what you are seeing is called 'price cycling' or something like that. Some bigtime dealer will start offering a lot for something common. Might even buy a few at the high price. Pretty soon, everyone is climbing on that bandwagon and the price is artificially inflated for a while. When the original big time seller sells all his common coins at artificial high prices, the price will come back down and the bigtime seller will move on to something else. In the meantime, hundreds, thousands, maybe more collectors will be stuck with these common coins at artificially high prices.

Happens all the time. There is no reason to pay a premium on ANY circulated P or D mint state quarter, unless it is an error or some cool variety. There are going to be plenty to go around for many years, even with hoarders.

P.S. If you can find the bigtime dealer that is offering to buy at 50c each, contact him and offer him a few hundred and see what happens.

 

Interesting you say this, because while at the FUN show in January, while eating lunch and shooting the crap at a table with strangers eating lunch, one guy said "well with the 9-coin 1999 silver proof set those prices will drop like a rock once the dealer hoarding these guys decides to unload them". Which he confirmed (to me) to say that those sets where way overpriced also Well been 2 months now, looks like the big time dealer hoarder is still holding on to his "hoard" of 1999 silver proof sets---so far, if a hoard or if they were artificially jacked up in price does exist so far there has been no effect and if anything continues to go up in price or least holding-- What does that mean??/ You tell me?? Altho I do agree with your first statement,
"There is no reason to pay a premium on ANY circulated P or D mint state quarter" I will add or any other set or coin to your statement--

 

At $285 a set I can guarantee you there is NOT a dealer in the country setting on a hoard of them? I really don't think any circulated statehood quarter will be worth anything more than its intended value of a quarter as a very high number of collectors are keeping unc. and unc. rolls and when the price gets good enough on either they will finally unload. I held on to the 99 rolls I had until they reached $55 to $65 per roll. I took my profits and ran and now we see $30 to $35 so I actually did all right for once!