From the April 12 Numismatic News E-Newsletter
What do you think about the U.S. Mint offering W- Mint Marked Quarters?
Here are some answers sent in from our E-Newsletter readers.
As a coin collector, I would like to have one, because it is something new and different.But I foresee headaches for banks, as collectors buy rolls of quarters to search through (rolled from loose coins that someone else has already searched through, rolled, and deposited) just to bring them back a few days later.I used to work in a bank, and believe me, the tellers have a lot of work to do and are too busy to be unpaid coin dealers for people with way too much time on their hands.As far as creating new collectors, the average person who is not already a collector does not care about mint marks and won’t even notice.
Here we go again! The United States Mint just drove another nail in the coffin of any new youth starting coin collecting. Evidently someone did not use the “what if” on this latest boondoggle. You Know, like what if large coin dealers go to the banks and buy up all the circulating rolls of quarters, remove all the “W” mint marked ones, and then turning the left over back into the banks. And then start selling them for $100.00 each on eBay. Like any new person who might have wanted to start collecting, but then sees it’s going to be impossible to pay $100.00 for a quarter of the current year. And would have to do that for at least 4 to 5 times a year. You would have better luck finding a 55 double die or 1909S VDB penny that one of the “W” mint marked quarters in actual circulation. Looks the mint is trying to do away with coin collecting just like the post office did with stamp collecting
In this little city only 2 banks even carry the ATB quarters on a regular basic and you have to have an account with them before they will sell a roll. Looks like I am going to have to end my collection of the ATB quarters as of the last issue of 2018 as I will not pay the $50 to $75 dollars the are selling for eBay.
It will make my weekly quarter hunt while I’m doing laundry more exciting, that’s for sure!
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