Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
1972 Quarter Please help.... What do I have here?????
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 3465254, member: 68"]A lot of these are originally damaged in equipment and machines. Car crushers are a very common source. Only those which are repaired will circulate because they must go through a counter to even be accepted by most banks. There are even closer tolerances to pass through a vending machine but they tend to get tossed in the trash if they don't also work in these. </p><p><br /></p><p>Until recently very few coins were being removed by the FED but it appears they are now removing both culls and heavily worn coin. The mint has long had a redemption policy but this was utilized mostly by public incinerators that generated bad coin by the truckload. Ironically many repaired coins will go straight through the machines that are removing culls. </p><p><br /></p><p>Quarters don't circulate like they once did. They used to change hands multiple times a day and were worn smooth in pockets. Now they get most of their wear in counters and machines. Many are even discarded increasing the likelihood it becomes cull. Their low value assures that recycled cars have about ten quarters lost in it and vending machine have a few underneath exposed to anything that spills. </p><p><br /></p><p>When the 1972 was issued it was estimated to have a 30 year life expectancy but this was far to conservative. It was closer to 40 years. But now days most coins are lost through misadventure and this might mean only a few thousand uses before it is lost or damaged or tossed in the trash. Two thirds of the quarters in circulation are now post eagle reverse and even these later coins are now becoming numismatic culls in large numbers. ...But I doubt many are being repaired any longer.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3465254, member: 68"]A lot of these are originally damaged in equipment and machines. Car crushers are a very common source. Only those which are repaired will circulate because they must go through a counter to even be accepted by most banks. There are even closer tolerances to pass through a vending machine but they tend to get tossed in the trash if they don't also work in these. Until recently very few coins were being removed by the FED but it appears they are now removing both culls and heavily worn coin. The mint has long had a redemption policy but this was utilized mostly by public incinerators that generated bad coin by the truckload. Ironically many repaired coins will go straight through the machines that are removing culls. Quarters don't circulate like they once did. They used to change hands multiple times a day and were worn smooth in pockets. Now they get most of their wear in counters and machines. Many are even discarded increasing the likelihood it becomes cull. Their low value assures that recycled cars have about ten quarters lost in it and vending machine have a few underneath exposed to anything that spills. When the 1972 was issued it was estimated to have a 30 year life expectancy but this was far to conservative. It was closer to 40 years. But now days most coins are lost through misadventure and this might mean only a few thousand uses before it is lost or damaged or tossed in the trash. Two thirds of the quarters in circulation are now post eagle reverse and even these later coins are now becoming numismatic culls in large numbers. ...But I doubt many are being repaired any longer.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
1972 Quarter Please help.... What do I have here?????
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...