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Why are 1982, 1983, and 1986 Washington Quarters worth so much?
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<p>[QUOTE="cladking, post: 2213582, member: 68"]People miss the point about these coins and most moderns in general. The reality is far more rolls of '82 and '83 coins were saved than almost any other date of that era. Probably 80,000 '82-P quarters were saved and 120,000 '83-P. I doubt there were even 20,000 1981-P's saved. A few people saved the '82/ '83 because they knew there would be no mint sets but most of them were just collectors who wanted a coin for their sets and maybe a few extra for trading. They made mint sets every year but few people collected the coins and those who did tended to collect pennies, nickels, and half dollars. Very few people collected circulating clad. The market for something like '80-P quarters was swamped by 2 1/2 million mint sets. There was no value to these coins and still isn't really. </p><p> </p><p>When the demand for the non mint set coins materialized many of the rolls became available for sale at high prices but the demand was still very thin. In 1984 mint set production resumed and saving of rolls began to taper off again. It continued dropping in '85 and '86 to almost as low as it had been historically. But then in 1986 the mint began computerizing their customer lists and somehow large numbers of people who were accustomed to recieving an order form for mint sets each year didn't get them. Many regular customers missed their mint and proof sets that year and this combined with the lower setting aside of rolls made the quarters tough again this year. </p><p> </p><p>There are conflating factors at play here. Since most Gems come from mint sets it's extremely difficult to find nice well made coins among the few that were set ade in '82/ '83. I'm of the opinion that true Gems of the '82-P don't really even exist. All specimens exhihit strike, die, or handling deficiencies. I have one coin I consider a virtual Gem but in 33 years of systematic searching I simply haven't seen anything else that even approaches being a true Gem. The best examples are in the Numismatic News and the Paul and Judy mint sets. Souvenir sets awful. Bag coins are horrendous. My finest specimen was tracked down to a bank in East Chicago IN in 1982. It came from a very choice bag that yielded several very nice coins. </p><p> </p><p>1986 coins were pretty well made and Gems exist in the mint set. While the coin is tough the price is largely speculative because there are ample numbers for the tiny demand.</p><p> </p><p>Most modern markets are kindda hard to figure. Most modern coins are vastly underappreciated and few people realize how few exist. They are percieved as common so they aren't collected. Most of the mint sets and rolls are gone now because there's no demand.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2213582, member: 68"]People miss the point about these coins and most moderns in general. The reality is far more rolls of '82 and '83 coins were saved than almost any other date of that era. Probably 80,000 '82-P quarters were saved and 120,000 '83-P. I doubt there were even 20,000 1981-P's saved. A few people saved the '82/ '83 because they knew there would be no mint sets but most of them were just collectors who wanted a coin for their sets and maybe a few extra for trading. They made mint sets every year but few people collected the coins and those who did tended to collect pennies, nickels, and half dollars. Very few people collected circulating clad. The market for something like '80-P quarters was swamped by 2 1/2 million mint sets. There was no value to these coins and still isn't really. When the demand for the non mint set coins materialized many of the rolls became available for sale at high prices but the demand was still very thin. In 1984 mint set production resumed and saving of rolls began to taper off again. It continued dropping in '85 and '86 to almost as low as it had been historically. But then in 1986 the mint began computerizing their customer lists and somehow large numbers of people who were accustomed to recieving an order form for mint sets each year didn't get them. Many regular customers missed their mint and proof sets that year and this combined with the lower setting aside of rolls made the quarters tough again this year. There are conflating factors at play here. Since most Gems come from mint sets it's extremely difficult to find nice well made coins among the few that were set ade in '82/ '83. I'm of the opinion that true Gems of the '82-P don't really even exist. All specimens exhihit strike, die, or handling deficiencies. I have one coin I consider a virtual Gem but in 33 years of systematic searching I simply haven't seen anything else that even approaches being a true Gem. The best examples are in the Numismatic News and the Paul and Judy mint sets. Souvenir sets awful. Bag coins are horrendous. My finest specimen was tracked down to a bank in East Chicago IN in 1982. It came from a very choice bag that yielded several very nice coins. 1986 coins were pretty well made and Gems exist in the mint set. While the coin is tough the price is largely speculative because there are ample numbers for the tiny demand. Most modern markets are kindda hard to figure. Most modern coins are vastly underappreciated and few people realize how few exist. They are percieved as common so they aren't collected. Most of the mint sets and rolls are gone now because there's no demand.[/QUOTE]
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Why are 1982, 1983, and 1986 Washington Quarters worth so much?
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