If you're going to buy them as an investment, forget it! If you're buying them to search for high-grade specimens to submit for grading, or varieties and/or errors then it's cheaper to buy the $250 bags from the Mint. Chris
Not a slam, just a question about these--as well as other items where the value is almost solely derived from the fact that they are unopened... Why? I have never understood how anyone can collect something that he can never look at. Pig in a poke comes to mind.
As long as there are people who believe what they read on BoobTube, there will always be someone who is willing to buy them. Chris
It's the poor mans way of doing things. Like the guy that pays $10,000,000.00 for a stolen Rembrandt. He can't brag about having it. He must keep it hidden but it's his.
Yes, but that still requires the person to open the bag/roll/envelope and look. One can also say that he won the Powerball right up to the point where he actually checks his numbers. Face it, the cat in the box is dead.
I bought a mint bag of quarters once. Searched them and found that they were basically no better quality than ones you could get at the bank in rolls (if you found them new, which I did for some rolls). Or to buy a bag of mint non-circulating coins. And with shipping costs and all it gets costly. The only thing that might be there that probably would not be there is errors that make the coin not round and which bulge out. So. I guess it is possible that you might find something there, but the chances are likely low. The only plus side of mine was that I purchased a bag of 2012 El Yunque S ones (not to be released to circulation) rather than the normal P or D clad ones. I actually put in a few of these to circulation for someone to find while CRH or in change. The rest I have and some may be traded for other coins or used as prizes sometime. Don't know yet.
I have never been a fan of these mint bags. First, the coins jingle around in them. If you think that you can cut this open and find a MS-67 or better coin, you are buying that bridge to Brooklyn. Even if a Gem coin went into one of these things, there are plenty of chances for it to get a mark on it before you do your search. Years ago, there was a fad with these things for state quarters. The Delaware State Quarter bags were selling for $700. That only for bags that had not been opened. If you opened it, the value was gone. The whole thing seemed silly to me. Do we collect coins or bags? If you can’t see the coins, why bother with it? But if these bags are your thing, go ahead a do it. One person’s collecting treasure is another person’s “ho-hum.”
A quick look at a PCGS price guide would indicate otherwise. San Francisco business strike ATB quarters have two options for purchase from the Mint. Either buy a bag or roll from the mint. PCGS has graded plenty of these quarters since 2012. Every year and series for this S minted coin has coins graded at MS67. Except for maybe a couple park series, every series and date, has a coin or coins graded MS68. The only place to find these MS67 and MS68 coins is from a bag or roll. Does every bag or roll contain an MS68 coin? No, of course not, MS68 coins in their own right are rare coins. Can you find MS67 coins in bags or rolls? Most definitely. I have bought bags since 2014. I have had only one bag where I didn't find a coin that would not have graded MS67. Most bags by my grading standards have 3-10 coins that will grade MS67 or higher. The MS68 coins are going to be pretty rare. I can't say I have found more than one coin per bag that would grade MS68. Finding multiple MS68 coins in a bag would be a bonanza. Would I buy the bag that was shown in the OP? No. Not because the quarters are not worthy of buying. More so because the bag does not show that it has been stored as found from the Mint's original shipping. I would purchase the bag if it looked like it had been shipped yesterday. You know why that bag of quarters has value to it? Because those quarters are not SMS. Compare prices of SMS coins to business strike coins.
