SMS Statehood Quarters--Value for Gems?

Are GEM grade SMS Statehood Quarters worth anything in the marketplace. Are there people willing to buy these coins individually or are they only interested in rolls? I found a group of 2008-D SMS quarters in a folder and have no idea how to price them or if they are even worth listing on E-Bay.







@Statequarterguy, this should be a softball for you.

 

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FWIW Paul, ALL of these SMS quarters are really high end. Like 67 and up high end. Gem is nothing out of the ordinary and might even be less than the typical quality found in a Mint Set.

I don't think that they're fetching any real premiums at all, are they?

 

I have sold several of these in grade 69. These seem to be the only ones with a meaningful premium -- those in MS69 SMS (NGC) holders or SP69 (PCGS) holders.

MS68 grades and lower go for less than the price of the plastic. If they are raw, they're probably MS67/68 range, and you'll probably get a couple bucks each if listed on eBay. At the max, I'd say $5 each shipped (because you have good pictures!).

 

Most of the ones in the Satin finish mint sets flooded the market at 68 and above grades back then. The business struck coins where hard to find in gem and above and command more I seem to remember paying a bunch for them back then.

BTW just remembered that the 2008 sets went way up above the others in value as the year was a good luck number for many Chinese who believe in numerology.

 

Agreed. He is the resident 'go to' guy on this one.........

 

I know these are subpar by SMS standards. What I don't know is if there is any market at all for people to buy these as album coins. So like $10 for the group of 5 is a fair price?

 

LOL! Yeah, I'm holding a bunch of the 2008's, 2009's & 2010's for long term. I like the low mintage - now, all that's needed is some demand.

 

How can you tell the difference between an SMS coin, and a regular Denver mint business strike coin?

Thanks,
Will

 

Hold them, now is not the time to sell - the mintage is low, but, so too is demand.

 

They have a very distinctive grainy surface and a much different luster profile. When put side by side with a regular business strike, there is a marked difference.

 

The SMS have a satin finish, similar to a matte proof.

 

$10 isn't bad. Great pictures too. I've looked specifically for them on ebay to build out my set. I have all the satin finish quarters and halves now.

 

Sorry, everything must go. I just want to get as much value as I can right now.

 

Thanks for the info Statequarterguy and Lehigh!

 

Lehigh96;

Did I miss something from another or earlier post? That statement sounds like your leaving the hobby. I hope not.

 

I have been unemployed for 14 months and have been selling my collection save my Jefferson Nickel registry collection. I am not leaving the hobby, no worries.

 

That's both good news and bad news. Lets turn the corner on the unemployment issue and get you back to buying for your collection again. I wish you well.

 

There is virtually no market for these.
If they were still in mint packaging you'd be very lucky to clear a buck a piece. I wouldn't even go through the hassle.

 

Yes, unfortunately, I'd say the going rate would be AT MOST about $2-3 each. You could post the bunch of all 5 on eBay for $20 and see if they move. Despite what statequarterguy says, they are not "low" mintage to the point of really being high demand. The lowest Satin Finish mint sets (2005-2010) were still minted in more than around 500,000 sets. That's probably almost an order of magnitude larger than I would consider "low" mintage. Even graded examples in MS67 can be found for almost every year and mint mark for around $10-12 on eBay.

For the record, I absolutely love the look of the Satin Finish coins. The detail is astounding, and I think they are great little pieces of artwork.

 

Mintage is what it is, regardless of whether you consider it low. Should the percentage of state quarter collectors who desire to add the satins to their collection increase, you're going to think the mintages are extremely low.