Prez Dollars and State Quarters on the Skids

[Know Common Cents]

If you ever had any interest in saving the Prez Dollars and State Quarters (regardless of condition for either), my
personal advice is to either spend them as quickly as possible or take them to you bank and get the FRN equivalent for them.

I have a few saved. Not with any hope of making a profit, mind you, but I just like looking at the design. After reviewing the most recent Coin Dealer Newsletter (March 28, 2014), I think I like them less and will liberate them into the general stream of commerce.

Save for the 2008 Van Buren D at $1.40 bid and a smattering lot $1.30-1.35 range, most are bouncing on the bottom at $1.05-1.10 each. Pretty sad.

Outside of the 2003 Illinois P&D and 2009 Virgin Islands P&D for the quarters, most everything else is at or near face value. Again a majority of the "pride" of the US Mint has no premium above face. Even those with a roll value of $11.00 to 13.25 will unlikely bring less than that or just face value from your LCS.

Message to my fellow hoarders: Save a couple samples of anything you enjoy, but turn loose the rest and use those funds to purchase something tangible.

My LCS sells the quarters (BU) for 75 cents and the Prez $ coins for $1.75. These are never easy transactions, however, as Grandpa Jim and his ilk is very particular about the coins he buys for the grandkids. When these purchases take 15-25 minutes, there's obviously no profit for the shop owner.

Another good idea gone sour. Sure some of the proof and, obviously, silver issues of both are somewhat better, but count me out.

[Rosco]

If you ever had any interest in saving the Prez Dollars and State Quarters (regardless of condition for either), my
personal advice is to either spend them as quickly as possible or take them to you bank and get the FRN equivalent for them.

I have a few saved. Not with any hope of making a profit, mind you, but I just like looking at the design. After reviewing the most recent Coin Dealer Newsletter (March 28, 2014), I think I like them less and will liberate them into the general stream of commerce.

Save for the 2008 Van Buren D at $1.40 bid and a smattering lot $1.30-1.35 range, most are bouncing on the bottom at $1.05-1.10 each. Pretty sad.

Outside of the 2003 Illinois P&D and 2009 Virgin Islands P&D for the quarters, most everything else is at or near face value. Again a majority of the "pride" of the US Mint has no premium above face. Even those with a roll value of $11.00 to 13.25 will unlikely bring less than that or just face value from your LCS.

Message to my fellow hoarders: Save a couple samples of anything you enjoy, but turn loose the rest and use those funds to purchase something tangible.

My LCS sells the quarters (BU) for 75 cents and the Prez $ coins for $1.75. These are never easy transactions, however, as Grandpa Jim and his ilk is very particular about the coins he buys for the grandkids. When these purchases take 15-25 minutes, there's obviously no profit for the shop owner.

Another good idea gone sour. Sure some of the proof and, obviously, silver issues of both are somewhat better, but count me out.

I arrived at the same conclusion as to value but will spend the Quarters for laundry money on Snow bird trips. I think I will ask for $3.00 bid on the clad Proof sets at the next Coin club meeting with an Auction. I did waste a lot of money on the Proof sets, But it did lead to bullion stacking an kept me away from Numismatic Coins

[NDFarmer]

I agree with you that President dollars will probably never be worth much more than face value. I had never started to collect any coin series before. I thought taking 10 years to complete a series was just way too much. But I thought the President dollar series was kind of a neat series. So I started collecting that one. And wouldn't you know they go and change the rules in the middle of the game. I was getting them for face value at my local bank so I figured I didn't have much to loose even if the value never did go over a dollar. Then about a year ago or about halfway through the series they go and discontinue releasing them to banks and now the only way you can get them is to buy them directly from the mint and pay about $32.00 per roll plus shipping. So just my luck the only series I started collecting and they go and ruin it for me. I WILL NEVER START COLLECTING ANOTHER SERIES EVER AGAIN!!

[ZenOps]

I'm actually starting to think about collecting the later presidents *IF* the mintage starts going below 3 million or so (like the later Sacagawea)

The early presidents have no appeal to me, they have limited global appeal and even limited US appeal. Just like noone remembers Maximus Flavius, who is really going to know who Grover Cleveland is (probably thinking minor league baseball).

As we start to get into octegenarian "rememberance" territory, Franklin D. Roosevelt might be the first I'd consider collecting - if the mintage was below 3 million or so. Infamous presidents like Nixon would also be on my list.

[misteroman]

I have an unopened box of Lincoln s I was thinking of getting rid of. Just sort of sits there not doing too much. Maybe now is the time

[hobo finds]

What about the NIFC ones, the ones that someone had to pay a little extra to get them from the mint? Any value in them? 2012 - now quarters "S" mint clad and 2012 - now "P" and "D" dollars.

[galenrog]

I occasionally pick up bags at the same branches I pick up up nicks, dimes, and halves. I check for errors, circulated proofs, then send them to the dump bank. Never liked them. Never will.

[scyther]

I'm shocked that people pay over face value for Illinois state quarters. As for the presidents, they were always doomed. Why in the world did they think it was a good idea to put the date and mint on the edge of the coin? It looks kind of cool in a way, but you can't see the date if you put it in a folder or album. Dumb idea. I bet more people would collect them if not for that. It might be worth getting the later, lower mintage ones, but I wouldn't count on it.

[Copper Catcher]

The sad thing is all the grandparents that purchased these for their grandkids as well as all the younger kids that were drawn in and excited about collecting and being told how they will increase in value....Too many coins were minted for any of them to be worth much over face, period! The slick sales pitches are going to be the death of the hobby when more and more people realize they have been had!

[Morsecode]

Hauled the last of my State quarters to the coin counter on Tuesday.

[coppernickel]

I study the long history of coins. Here are the things I have learned:

1 - Coins generally keep their intrinsic value. Silver, gold and copper coins still have value. Tin, ceramic, glass, lead and steele coins though made for the past millennium are rarely to be found today and have little value/interest.

2- Coins made to be collectible drop in price the fastest. Look around the world for Olympic coins. They originally sell high and their value drops to intrinsic fairly quickly.

3- Coins in short supply become valuable until those who originally wanted one get them, loose interest or die off. The 1970 circulated half is the best example of this. Once worth many times face value, now found in bargain bins.

4- Whatever suites your interest is best. If you like it great.

I have kept an example of the dollars and quarters to give the kids for history fair projects. The biggest surprise the teachers and kids in school is the quarters are NOT silver.

[hobo finds]

Dollar coin sites here…

http://smalldollars.com/

http://coins.about.com/library/US-Coin- ... -Specs.htm

http://sacagaweadollarguide.com/

http://nativeamericandollars.com/

http://presidentialdollarguide.com/pres ... -schedule/

[hobo finds]

State, Territory and National Park Quarter sites here…

http://www.statequarterguide.com/

http://nationalparkquarters.com/