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#1
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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 | | | | | | ___________________________________________ | | | | | | _______________ |
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#2
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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
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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
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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
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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
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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
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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
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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
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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
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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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