What’s happened to the Washington quarter market?

Discussion in 'Coin Chat' started by HAB Peace 28 2.0, Jan 13, 2020.

  1. HAB Peace 28 2.0

    HAB Peace 28 2.0 Je ne me soucie plus vraiment. Je suis essentiel.

    I used to (somewhat) enjoy collecting Washington’s, from the 1930’s. I do not own a 32D, and I was recently considering maybe getting a mid-high au coin? But with the current market?? Wow! I don’t think so lol:happy:? I always knew the Washington quarter market was soft, and that they were not very sought after? But boy have they taken a dive!? I have no choice? So, I’m officially out for good. See ya George.
     
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  3. ldhair

    ldhair Clean Supporter

    When the State Quarter program came out in 99 the early Washington prices started going up. As interest slowed down the prices started going down. The prices of most coins have been going down as well.
    I think it's a good time to buy the key dates.
     
    Paul M., buckeye73 and longshot like this.
  4. frankjg

    frankjg Well-Known Member

    Why would you not buy when the price is low? That’s odd. How about I buy one for market price and sell it to you for double, would you feel better about it then :). Kidding of course.
     
    Paul M., HAB Peace 28 2.0 and -jeffB like this.
  5. TheFinn

    TheFinn Well-Known Member

    That is the herd mentality - buy high when it is rising, sell when it is low and falling. I have been putting away nice classic commemoratives (tougher pieces) with the prices down so low. Every dog has its day. 1989 might be right around the corner.
     
    -jeffB likes this.
  6. Islander80-83

    Islander80-83 Well-Known Member

    High or low my MS Washington Dansco set is complete.

    Beside Bill, I thought you bought gold!! icon_smile_roflmao.gif

     
    green18 and HAB Peace 28 2.0 like this.
  7. HAB Peace 28 2.0

    HAB Peace 28 2.0 Je ne me soucie plus vraiment. Je suis essentiel.

    Yeah, that would be great for you. But fortunately, I live in reality.
     
  8. kanga

    kanga 65 Year Collector Supporter

    If the Washington quarter is snoozing then the Roosevelt dimes must be comatose.
     
    Paul M. and Randy Abercrombie like this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    I don't see Roosies becoming much more popular until the design is retired.

    To which I say, "I hope they become popular really really soon".

    Come to think of it, I feel the same way about every dead-President design we have today.
     
  10. Michael K

    Michael K Well-Known Member

    If the market is soft, then now would be the time to buy a key coin like a 32-D.
     
    Paul M. and -jeffB like this.
  11. Mike Thorne

    Mike Thorne Well-Known Member

    I worked on a PCGS Registry Set of Washington 25c for several years and got up to #11. At some point, I realized that all the MS67s I had bought had lost half or more of their value. In other words, I was out thousands of dollars b/c of buying super nice coins. And then I began to think of all the nice gold and key coins in other series I could have bought with all the money I had wasted on Washington 25c. Needless to say, I've gone on to other things. I'm now working on Standing Liberty 25c and Indian Head quarter eagles. Hope they don't tank as well.
     
  12. John Skelton

    John Skelton Morgan man!

    Sounds like some people were buying coins as an investment. Why?
     
    GoldFinger1969 and frankjg like this.
  13. Rheingold

    Rheingold Well-Known Member

    All of the mid 20th century series suffer from less demand.
    Franklins, Washingtons and Roosies......
    That's sad.:(
     
    Paul M. likes this.
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Because there's never been any shortage of voices assuring people that they can strike it rich?
     
    frankjg likes this.
  15. Mike Thorne

    Mike Thorne Well-Known Member

    If you're responding to my post, I was buying the quarters primarily to try to achieve a higher score in the Set Registry. Still, I hate to see my purchases lose so much in value even when I'm mainly buying them as a collector. I don't buy as an investor, but I've made a lot of money from coins during my lifetime as a collector/dealer/writer. In the long run, I think I'm way ahead of the game.
     
    John Skelton likes this.
  16. joecoincollect

    joecoincollect Well-Known Member

    I like Washingtons but don’t care for condition rarities considering the high mintages, which means more examples could enter the market and deflate values for top grades. I just enjoy nice middle grade ones, with distinctive toning. I really admire the sculpture-like quality of the silver ones, and am discouraged clad examples today are so flat
     
    tibor likes this.
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'm not familiar with this coin's history (except for using it to play Pac-Man and Space Invaders circa 1979-1983 :D )....but it appears this was a $25,000 coin (the 1925-D in MS65) for a few years before the 2008 Credit Crisis....and then was steady at about $11,000 or so but is closer to $7,500 today.

    Wow...that's a couple of big declines in something not whip-sawed by bullion prices.
     
  18. John Skelton

    John Skelton Morgan man!

    I understand what you're saying. I guess it's just that I, personally, don't worry too much about my ROI. If it's a coin I like, I just try to get the best price for it I can. That means I sometimes pass on a coin when the auction price is too high for me.
     
    GoldFinger1969 likes this.
  19. Derek2200

    Derek2200 Active Member

    Oversaturation
     
    GoldFinger1969 likes this.
  20. Rushmore

    Rushmore Coin Addict

  21. Mike Thorne

    Mike Thorne Well-Known Member

    Thanks for the link to Empire Coins. They had a Standing Liberty 25c at a good price, and I ordered it.
     
    Rushmore likes this.
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