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MInty fresh early state quarters



 
 
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  #1  
Old May 31st 09, 04:22 AM posted to rec.collecting.coins
Michael G. Koerner
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Posts: 407
Default MInty fresh early state quarters

I'm noticing a lot more 'minty fresh' older state quarters in circulation
around here in NE Wisconsin in recent months, likely a combination of people
turning their hoards loose and the Fed/Treasury releasing previously unused
vault stock (coins that were not yet used when newer designs were issued).

Is anyone else noticing this?

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________
Ads
  #2  
Old May 31st 09, 04:36 AM posted to rec.collecting.coins
Mr. Jaggers
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Posts: 5,523
Default MInty fresh early state quarters

Michael G. Koerner wrote:
I'm noticing a lot more 'minty fresh' older state quarters in
circulation around here in NE Wisconsin in recent months, likely a
combination of people turning their hoards loose and the Fed/Treasury
releasing previously unused vault stock (coins that were not yet used
when newer designs were issued).
Is anyone else noticing this?


I occasionally encounter minty 1999s and 2000s, but just figured it was
rolls that had languished in a cashbox somewhere and finally got cracked
open. Your hypotheses are equally valid.

James


  #3  
Old May 31st 09, 01:44 PM posted to rec.collecting.coins
Bruce Remick
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Posts: 3,391
Default MInty fresh early state quarters


"Michael G. Koerner" wrote in message
...
I'm noticing a lot more 'minty fresh' older state quarters in circulation
around here in NE Wisconsin in recent months, likely a combination of
people turning their hoards loose and the Fed/Treasury releasing
previously unused vault stock (coins that were not yet used when newer
designs were issued).

Is anyone else noticing this?


It would take me a couple days to drive up to NE Wisconsin to take a look,
but around here in N Virginia most of the various state quarters I receive
in change seem to be fresh shiny ones. Strange, though, I still receive
more "regular" quarters than state ones. I have yet to receive a DC
quarter, although I really don't do as much shopping as most people.


  #4  
Old May 31st 09, 03:27 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default MInty fresh early state quarters

On May 30, 10:22*pm, "Michael G. Koerner" wrote:
I'm noticing a lot more 'minty fresh' older state quarters in circulation
around here in NE Wisconsin in recent months, likely a combination of people
turning their hoards loose and the Fed/Treasury releasing previously unused
vault stock (coins that were not yet used when newer designs were issued)..

Is anyone else noticing this?

--
___________________________________________ *____ * * * * * * *_______________
Regards, * * * * * * * * * * * * * * * * * *| * *|\ * *____
* * * * * * * * * * * * * * * * * * * * * * *| * *| | *| * *|\
Michael G. Koerner * * * * * * * May they * | * *| | *| * *| | * rise again!
Appleton, Wisconsin USA * * * * * * * * * * | * *| | *| * *| |
___________________________________________ | * *| | *| * *| | _______________


Yes, I have noticed this phenomenon. About 45 days ago (April 2009),
Springpatch was swamped with many many brand new top condition New
Hampshire quarters. They were all that you got in change for several
weeks. Somebody is dragging stuff out of the vault.

2009 dated quarters and 2009 Lincoln cents are still not much
available in change here. I can't say zero, but close to it.

oly
  #5  
Old May 31st 09, 04:34 PM posted to rec.collecting.coins
Jerry Dennis
external usenet poster
 
Posts: 1,207
Default MInty fresh early state quarters

On May 30, 11:22�pm, "Michael G. Koerner" wrote:
I'm noticing a lot more 'minty fresh' older state quarters in circulation
around here in NE Wisconsin in recent months, likely a combination of people
turning their hoards loose and the Fed/Treasury releasing previously unused
vault stock (coins that were not yet used when newer designs were issued)..

Is anyone else noticing this?

--
___________________________________________ �____ � � � � � � �_______________
Regards, � � � � � � � � � � � � � � � � � �| � �|\ � �____
� � � � � � � � � � � � � � � � � � � � � � �| � �| | �| � �|\
Michael G. Koerner � � � � � � � May they � | � �| | �| � �| | � rise again!
Appleton, Wisconsin USA � � � � � � � � � � | � �| | �| � �| |
___________________________________________ | � �| | �| � �| | _______________


Big time. As recently as last week I received what I would describe
as a low MS CT-P quarter in change. While I may not necessarily say
that bank vaults and cash boxes are getting to the level where the
early releases are finally reaching circulation, I would hypothesize
that some "investors" in SQs are disenchanted that their 1999 rolls
aren't bringing the $100 per roll they did in 2000-2001. And rather
than go through the hassle of ebay or Craig's List, they're cashing
them in at face.

And like most of us, still no 2009 quarters or cents. Prexibux still
plentiful.

Jerry
  #6  
Old May 31st 09, 04:58 PM posted to rec.collecting.coins
Bill Krummel
external usenet poster
 
Posts: 295
Default MInty fresh early state quarters


"Michael G. Koerner" wrote in message
...
I'm noticing a lot more 'minty fresh' older state quarters in circulation
around here in NE Wisconsin in recent months, likely a combination of
people turning their hoards loose and the Fed/Treasury releasing
previously unused vault stock (coins that were not yet used when newer
designs were issued).

Is anyone else noticing this?



I have recently begun checking the quarters in my store's three registers,
hunting for the cool Ellington doubling on the DC quarter. My MO has been
to open a roll of quarters into the palm of my hand and pull the newest
quarters out by judging newness of the edge. The plan was to get a high
percentage of DC quarters with a minimum of eye strain. This method is not
working because I too am seeing "minty fresh" quarters back to 1999.

The bad news is that I have hardly found any Ellington quarters to check and
definitely no doubled "ELL". The good news is that I have so far been able
to identify states instantaneously by the reverse design, although I am sure
I will be tripped up by the Carolinas or the Virginias. I am also enjoying
the very wide variety that the state quarters provide in minor change. Each
hand full of quarters sure offers a lot to look at.

Bill


  #7  
Old May 31st 09, 08:57 PM posted to rec.collecting.coins
mazorj
external usenet poster
 
Posts: 1,169
Default MInty fresh early state quarters


"Bruce Remick" wrote in message
...

"Michael G. Koerner" wrote in message
...
I'm noticing a lot more 'minty fresh' older state quarters in circulation
around here in NE Wisconsin in recent months, likely a combination of
people turning their hoards loose and the Fed/Treasury releasing
previously unused vault stock (coins that were not yet used when newer
designs were issued).

Is anyone else noticing this?


It would take me a couple days to drive up to NE Wisconsin to take a look,
but around here in N Virginia most of the various state quarters I receive
in change seem to be fresh shiny ones. Strange, though, I still receive
more "regular" quarters than state ones. I have yet to receive a DC
quarter, although I really don't do as much shopping as most people.


Around our parts I suspect that for awhile, most people won't spend them but
toss them in a drawer or pass them along to friends and family as a local
memento. DC had to fight for its quarter so it has a little more meaning to
most locals. At some point they'll lose their cachet and start showing up
in circulation.

And for an area so closely tied to following governmental matters (which
include the Mint and its products) the local banks are monumentally
indifferent to getting new issues out in circulation. When it comes to
putting new issues in our hands at face value, bean counters rule and
collectors can only drool.

  #8  
Old May 31st 09, 09:03 PM posted to rec.collecting.coins
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default MInty fresh early state quarters

mazorj wrote:
"Bruce Remick" wrote in message
...

"Michael G. Koerner" wrote in message
...
I'm noticing a lot more 'minty fresh' older state quarters in
circulation around here in NE Wisconsin in recent months, likely a
combination of people turning their hoards loose and the
Fed/Treasury releasing previously unused vault stock (coins that
were not yet used when newer designs were issued).

Is anyone else noticing this?


It would take me a couple days to drive up to NE Wisconsin to take a
look, but around here in N Virginia most of the various state
quarters I receive in change seem to be fresh shiny ones. Strange,
though, I still receive more "regular" quarters than state ones. I
have yet to receive a DC quarter, although I really don't do as much
shopping as most people.


Around our parts I suspect that for awhile, most people won't spend
them but toss them in a drawer or pass them along to friends and
family as a local memento. DC had to fight for its quarter so it has
a little more meaning to most locals. At some point they'll lose
their cachet and start showing up in circulation.

And for an area so closely tied to following governmental matters
(which include the Mint and its products) the local banks are
monumentally indifferent to getting new issues out in circulation. When it
comes to putting new issues in our hands at face value, bean
counters rule and collectors can only drool.


If you look at this issue historically, neither the mint nor banks really
cared much for collectors.

James the Hysterical Collector


  #9  
Old May 31st 09, 09:27 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default MInty fresh early state quarters

On May 31, 3:03*pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
mazorj wrote:
"Bruce Remick" wrote in message
...


"Michael G. Koerner" wrote in message
. ..
I'm noticing a lot more 'minty fresh' older state quarters in
circulation around here in NE Wisconsin in recent months, likely a
combination of people turning their hoards loose and the
Fed/Treasury releasing previously unused vault stock (coins that
were not yet used when newer designs were issued).


Is anyone else noticing this?


It would take me a couple days to drive up to NE Wisconsin to take a
look, but around here in N Virginia most of the various state
quarters I receive in change seem to be fresh shiny ones. *Strange,
though, I still receive more "regular" quarters than state ones. *I
have yet to receive a DC quarter, although I really don't do as much
shopping as most people.


Around our parts I suspect that for awhile, most people won't spend
them but toss them in a drawer or pass them along to friends and
family as a local memento. *DC had to fight for its quarter so it has
a little more meaning to most locals. *At some point they'll lose
their cachet and start showing up in circulation.


And for an area so closely tied to following governmental matters
(which include the Mint and its products) the local banks are
monumentally indifferent to getting new issues out in circulation. When it
comes to putting new issues in our hands at face value, bean
counters rule and collectors can only drool.


If you look at this issue historically, neither the mint nor banks really
cared much for collectors.

James the Hysterical Collector- Hide quoted text -

- Show quoted text -


The actual deal is that the Federal Reserve District Banks and many
major correspondent banks used to provide many coin and currency
services for "free" to the smaller banks which they serviced; now
everything is explicitly charged-for, or even over-charged for. The
local banks have only limited ability to pass those costs on, so they
don't order new coins or currency if possible.

It is similar to how the Mint used to not charge collectors postage,
but now they do.

Many individuals still have the expectation that they will get large
quantities of bagged or wrapped coins for "free" and that might happen
- if you are a really good customer that your bank makes money on in
some other manner. But if you are a small customer, or a non-
customer, you are likely to get charged to recieve or turn-in a large
quantity of coins. That's the "Sitiekil" and Tillet", as Mr. Fred
Wachter would have said.

oly
  #10  
Old May 31st 09, 09:48 PM posted to rec.collecting.coins
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default MInty fresh early state quarters

oly wrote:
On May 31, 3:03 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
mazorj wrote:
"Bruce Remick" wrote in message
...


"Michael G. Koerner" wrote in message
...
I'm noticing a lot more 'minty fresh' older state quarters in
circulation around here in NE Wisconsin in recent months, likely a
combination of people turning their hoards loose and the
Fed/Treasury releasing previously unused vault stock (coins that
were not yet used when newer designs were issued).


Is anyone else noticing this?


It would take me a couple days to drive up to NE Wisconsin to take
a look, but around here in N Virginia most of the various state
quarters I receive in change seem to be fresh shiny ones. Strange,
though, I still receive more "regular" quarters than state ones. I
have yet to receive a DC quarter, although I really don't do as
much shopping as most people.


Around our parts I suspect that for awhile, most people won't spend
them but toss them in a drawer or pass them along to friends and
family as a local memento. DC had to fight for its quarter so it has
a little more meaning to most locals. At some point they'll lose
their cachet and start showing up in circulation.


And for an area so closely tied to following governmental matters
(which include the Mint and its products) the local banks are
monumentally indifferent to getting new issues out in circulation.
When it comes to putting new issues in our hands at face value, bean
counters rule and collectors can only drool.


If you look at this issue historically, neither the mint nor banks
really cared much for collectors.

James the Hysterical Collector- Hide quoted text -

- Show quoted text -


The actual deal is that the Federal Reserve District Banks and many
major correspondent banks used to provide many coin and currency
services for "free" to the smaller banks which they serviced; now
everything is explicitly charged-for, or even over-charged for. The
local banks have only limited ability to pass those costs on, so they
don't order new coins or currency if possible.

It is similar to how the Mint used to not charge collectors postage,
but now they do.

Many individuals still have the expectation that they will get large
quantities of bagged or wrapped coins for "free" and that might happen
- if you are a really good customer that your bank makes money on in
some other manner. But if you are a small customer, or a non-
customer, you are likely to get charged to recieve or turn-in a large
quantity of coins. That's the "Sitiekil" and Tillet", as Mr. Fred
Wachter would have said.


Mr. Wachter had a way of cutting deep.

James the Bloodied


 




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