Hi, Georgia BU state quarters are commanding some hefty prices on Ebay. After studying the Redbook, it shows that Georgia had the fourth highest mintage in 1999. So why are these coins so hot????
the same reason that 2009 coins are selling for so much. perceived rarity in the marketplace. unfounded as it is...
Mintage Georgia P mintage (451,188,000), Georgia D mintage (488,744,000). Is there an error that everyone is looking for? US Mint Georgia P & D roll set asking $195.00($20.00 face), Georgia mint bag($25.00 face) asking $250.00? I'm sure alot of the Georgia quarters circulated, but those are pretty hefty mintages to support those prices.
Mintage Actually they had the second highest 1999 mintage. (My mistake, i should have said the fourth lowest 1999 mintage).
Who knows, maybe some error? Quarters aren't my thing, and to me all the state quarters were fun to collect, but all had high mintages, too high to ever have a really, really high demand. State quarters, I have to say, were so FUN to collect, and also sparked tons of collector interest in coins. I think it (the prices of Georgia Quarters) are so high, because tons have been circulated, and I guess BU rolls just demand a premium, because there are so few, hey keep a roll of Puerto Rico Quarters for 10 years, and see where they are at.
There's a well-known dealer of rolls who has been placing ads in Numismatic News buying BU state quarter rolls. I remember he was paying very good prices for Georgia rolls. In fact, I was surprised at the premium for other rolls as well, despite the high mintages of these quarters. I can't explain it. The dealer was interviewed on one of those coin podcasts and he said there is strong demand for certain state quarter rolls. He also said don't bother asking him for 2009 nickel and dime rolls because he can't get them either.
Okay, I found the ad. This may not be the most recent so his buy prices may have changed. For BU rolls, he is paying: DE P or D 14. PA P or D 14. NJ P or D 12.75 GA P or D 40.50 CT P or D 24.75 RI P or D 12. KY P or D 14.50 TN P or D 38. OH P or D 14.25 LA P or D 11. IL P or D 31. AL P or D 13.75 MO P or D 11.25 AR P or D 11.25 IA P or D 11. WI P or D 11. CA P or D 14.50 CO P 12.75 MN P or D 11.50 WA P or D 11.60 UT P 11.60 OK P 11.75 NM P 11.60 AZ P 11.60 DC P 12.75 PR P 12.75
We may have been laughing at all those grandmothers who were putting away rolls of state quarters for their grandkids, but maybe they didn't do too badly. Probably better than if they had invested that money in stocks/mutual funds.
How much are singles or small groups, such as 5 of those coins going? I have a huge bag of mixed 1999-2001 state quarters as well as several cups full of them. Most are mint state with a bunch of gems in the mix. I had thought of selling them in the past when they went for $1 each.
Those mintage figures are for all coins, circulated and uncirculated. It's quite likely that the high mintages of that time discouraged many people from saving many of the Georgia quarters in uncirculated, and therefore it might be a condition scarcity. This would probably be the flip side of what is happening with the Puerto Rico and Guam quarters, in which the total mintages are low, and that draws lots of people to stock up on uncirculated rolls, ironically guaranteeing that they will not be scarce, condition-wise.
