Do you think this is a good investment?

Okay, so my parents have heavily invested in national park quarters (I know, not bullion, but still investing!!!) they spend 4000 bucks a year on the Philadelphia, and Denver issues of all 4 national state park quarters that are released each year since 2010. So, they've spent something around 20000-24000 dollars on tens of thousands of state park quarters. The reason they're doing this, is that some people are paying a premium for full sets of state quarters, so they're thinking about purchasing 4000 quarters of each park, 2000 for Denver, and 2000 for Philadelphia. So, when they're done with this investment, they'd be able to assemble 500 full sets of state park quarters. How much do you think a full set of state park quarters will go for in the next coming decades? In my opinion, there's a much lower risk, because the lowest they could sell it back for is the value that they purchased it for. So do you think this is a good investment? Why or why not.
FYI they're purchasing all of this from the mint, in mint wrapped rolls.

 

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Wow..

I am sure UNC rolls of quarters may bring a small premium. But I have no idea what the worth would be other than face value. Would have been better off sinking all that money into the silver versions at the very least. JMO IF she could have gotten the silver nat'l park quarters for face value.... LOL.. but either way, that would have been slightly better.

 

I got to say that have honestly no idea, but would be eager to hear what others have to say. Normally coins are a pretty lousy investment unless you get lucky. Assembling that many sets seems too much like manual labor to me.

 

What do they plan to put their sets in? And what time frame are you talking about before trying to sell?

 

No... the lowest they could be "sold" for is face value. If purchase from the mint, they were bought at a premium. So the "lowest" they could sell for is a loss. A full set is 50 coins plus territories. Do they have all these? It doesn't sound good to me.

 

10-25 years

 

Actually, my mom works at the mint, so they purchased the wrapped rolls at face value. And you said state quarters, they're not purchasing state quarters, they're purchasing national park quarters

 

I collect neither rolls nor moderns so maybe somebody else can say whether they'd be better off keeping them in the rolls for later resales.

 

No. I would not invest that much money into it. maybe a couple rolls each

 

absolutely no way I would put that much money in the state or national park quarters, for the most part they are so mass produced and so many save them that I dont think they will bring much premium in my or most peoples lifetime. Best you could hope for is some unique errors or some that grade ms69 or 70 but thats a gamble.

 

thanks for all the feedback

 

Many children, I understand, collect these types of quarters. But so many have been minted, and so many saved, that the future value increase of these items seem next to nothing to me, even 50 years from now!! This whole series of quarters strikes me as a gimmick, to encourage the purchase and collecting of these many millions of base sandwich coins. Certainly the silver issues would be wise! My humble opine..

 

Most likely the return will be minimal and I wouldn't recommend anyone doing that at the mints regular retail prices. However if this is true that she can buy them at face value its not really a risk other than having less funds available for other investments.

The best bet may just be trying to sell the lot off to a massive buyer that offers sets like these regularly like and HSN type venue.

 

I don't see it as being a big money maker but it sounds fun. That same money could probably earn about .03% in a savings account. Not much fun in that.

 

I agree with much of the sentiment. This does not strike me as a good "money maker". The people purchasing these state quarter / national parks sets are typically buying from "marketing machines" like the Danbury Mint. They have nice display cases, and other forms of presenting the coins, pre-printed story boards, binders, etc.... For your parents to be able to break into that market, they're going to need to spend a lot more than what I believe they'll be able to earn.

IMO, they're spending an awful lot of money on coins that are being struck in the 10's of millions. There will be no scarcity or rarity for these coins. So the only other thing that will make them valuable is condition: perfect 70's. Who knows how long the market for MS70's will last.

I'm skipping through much of the details of my thought process, trying to only hit the highlights. Essentially, if your parents are trying to put money away as an investment, they'd do much better putting it in an S&P 500 index fund.

I just don't see how they're going to make much if any profit with their plan.

 

Some of the issues from 2010, 11, and 12 MIGHT rise in value way way way down the road. But it's hard to imagine something with over 100 MILLION minted ever having a demand great that the supply.

 

Whether they are National Parks Quarters or States Quarters doesn't matter. The SQ program serves as evidence that your parent's idea is on shaky ground. It hasn't even been 10 years since the SQ program ended. Why don't you check eBay completed auctions to see what the SQ's are selling for now?

Chris

 

It seems that no one has thought of the San Fransisco circulation quality quarters minted since 2012 as a part of the "complete' sets.

 

I guess at face value it only cost them their time and storage , but a money maker in my opinion .

 

You can get at least 1% with an online savings account. I predict that would be a better investment.