By Al Doyle
Collectors are always
looking for low-priced coins that could
appreciate over time. Such an opportunity may be
available throughout 2009.
This year's six District of Columbia and U.S.
Territories quarter dollars could be minted in
lower than average quantities due to the
slumping U.S. economy, which has led to a glut
in older circulating coinage.
Other factors may also cause these 25-cent
pieces to be saved in smaller numbers than the
State quarter dollars of 1999 to 2008.
Coins honoring distant places such as Guam and
the Northern Mariana Islands won't create much
of a buzz in hobby circles. Some banks that made
an effort to keep brand-new rolls in stock for
customers during the State quarter dollars era
are curtailing that practice.
District of Columbia and Puerto Rico quarter
dollars are turning up infrequently in pocket
change, a trend that is far different than what
took place in previous years.
A fair number of collectors have had their fill
of collecting the denomination after a decade of
chasing new issues in the State quarter dollars
program. It's easy to see why what once was the
hottest thing going has become yesterday's news.
Even if 2009 quarter dollars are winners in the
future, this won't be a get rich quick
proposition. It will take smaller mintages
combined with a decline in the number of
Brilliant Uncirculated rolls and a reduction in
Uncirculated Mint set sales to set the stage for
If there is a precedent, it would be the 1982
circulation strike quarter dollars. Although
1982 quarters were produced in decent numbers,
no Uncirculated Mint sets were offered that
year. The lack of Mint sets (an important source
of high-grade recent coins) and a scarcity of BU
rolls combine to provide the basis for 1982-P
and -D Washington quarter dollars in Mint State
64 listing for $15 and $10 respectively in the
Coin Values price guide.
On the other end of the price spectrum, 2009
Saint-Gaudens, Ultra High Relief gold $20 double
eagle prices on the secondary market have
retreated a bit during April. Coins that sold
for $1,600 to $1,650 in March are cheaper, with
lower gold bullion prices contributing to the
drop. One modern U.S. coin specialist was
offering raw and certified MS-69 examples for
$1,499 to $1,539 in late April.
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