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Lots of old quarters in circulation now that look like in brand new condition
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<p>[QUOTE="cladking, post: 3712298, member: 68"]I've been seeing a few more AU's as well.</p><p><br /></p><p>It's highly improbable the coins are being released from BU rolls because there are very few BU rolls. Even if all were released you'd hardly see the effects in circulation. It could be mint sets but there aren't large numbers of mint sets left either. However mint set coins are tarnishing in large numbers so it's hardly impossible that these could get released. </p><p><br /></p><p>But what I'm seeing doesn't look like mint set coins. Also the distribution doesn't seem to be reflective of mint sets but rather more closely tied to mintage and what was circulating in 1998. </p><p><br /></p><p>There were still some old quarters in nice condition in '98 and when the states coins were released these attracted some attention. I suspect these are being rereleased now.</p><p><br /></p><p>You might be seeing something else and from your description I'd guess you're close to some dealer's dumping ground. Dealers sometimes will dump thousands of old coins (usually from mint sets) into circulation because they are substandard, cull, or tarnished. These tend to go to a single bank and then will be distributed by the same several banks. Coins returned to the bank will tend to go to a counting house and then rerolled for distribution to their customers. This will cause samples coming from any of these banks to be contaminated with large numbers of high end quarters. This contamination tends to be very brief in duration as the coins spread out. Once the uncs stop hitting the bank within weeks you won't see them any longer. </p><p><br /></p><p>Sometimes the FED will release coins that have been in storage a long time but this can't be what you're seeing because no quarters have sat in storage so long. It's very rare that these releases involve coins in storage over about seven years. About 80% of quarters are in near constant motion (minus piggy banks etc) and 20% can sit for 1 to 3 years in storage. Of course this varies over time and is correlated to mintages. The higher the current mintage the faster they grind in circulation and the fewer are sitting out. </p><p><br /></p><p>If you could provide more details about what specific coins these are, their grades, and your location I could provide a better guess. But I've got to believe you're seeing contaminated samples and it is unique to your location. I'm seeing a few more (circulated) coins that were set aside in the late-'90's.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3712298, member: 68"]I've been seeing a few more AU's as well. It's highly improbable the coins are being released from BU rolls because there are very few BU rolls. Even if all were released you'd hardly see the effects in circulation. It could be mint sets but there aren't large numbers of mint sets left either. However mint set coins are tarnishing in large numbers so it's hardly impossible that these could get released. But what I'm seeing doesn't look like mint set coins. Also the distribution doesn't seem to be reflective of mint sets but rather more closely tied to mintage and what was circulating in 1998. There were still some old quarters in nice condition in '98 and when the states coins were released these attracted some attention. I suspect these are being rereleased now. You might be seeing something else and from your description I'd guess you're close to some dealer's dumping ground. Dealers sometimes will dump thousands of old coins (usually from mint sets) into circulation because they are substandard, cull, or tarnished. These tend to go to a single bank and then will be distributed by the same several banks. Coins returned to the bank will tend to go to a counting house and then rerolled for distribution to their customers. This will cause samples coming from any of these banks to be contaminated with large numbers of high end quarters. This contamination tends to be very brief in duration as the coins spread out. Once the uncs stop hitting the bank within weeks you won't see them any longer. Sometimes the FED will release coins that have been in storage a long time but this can't be what you're seeing because no quarters have sat in storage so long. It's very rare that these releases involve coins in storage over about seven years. About 80% of quarters are in near constant motion (minus piggy banks etc) and 20% can sit for 1 to 3 years in storage. Of course this varies over time and is correlated to mintages. The higher the current mintage the faster they grind in circulation and the fewer are sitting out. If you could provide more details about what specific coins these are, their grades, and your location I could provide a better guess. But I've got to believe you're seeing contaminated samples and it is unique to your location. I'm seeing a few more (circulated) coins that were set aside in the late-'90's.[/QUOTE]
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Lots of old quarters in circulation now that look like in brand new condition
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