RCC quarter cartel and SC bags

RCC quarter cartel and SC bags

Post by DARTORR » Sun, 28 May 2000 04:00:00



Now that the official selling time has expired, I'm wondering if the cartel
loaded up on SC quarter bags to corner the market.

I'll start by saying that I purchased a grand total of 0.

How many did you purchase and what do you intend to do with them?

Darrin

 
 
 

RCC quarter cartel and SC bags

Post by J. Crato » Sun, 28 May 2000 04:00:00


zip and nada

Quote:

> Now that the official selling time has expired, I'm wondering if the cartel
> loaded up on SC quarter bags to corner the market.

> I'll start by saying that I purchased a grand total of 0.

> How many did you purchase and what do you intend to do with them?

> Darrin

--
_______________________________________________________________
"I am certain it will be more agreeable to the citizens of the
United States to see the head of Liberty on their coin, than
the head of presidents."     - George Washington
                ---------------------------
"I yam what I yam"       -Popeye the Sailor Man

 
 
 

RCC quarter cartel and SC bags

Post by Stujo » Sun, 28 May 2000 04:00:00




Quote:
> Now that the official selling time has expired, I'm wondering if the cartel
> loaded up on SC quarter bags to corner the market.

> I'll start by saying that I purchased a grand total of 0.

> How many did you purchase and what do you intend to do with them?

Ended up getting

2P 100 coin

1D 100 coin

Will search one P as soon as it gets here, keep one roll to go with a D
roll I get at the bank and give the leftovers out to people collecting
them at work who also have a hard time getting P's and probably spend
the rest. I will probably give the bag/tag to my son because he likes the
one on my computer stand. I will decide in a few months what to do with
the other 2.

Of course, I will sell the opened boxes on Ebay for a huge profit. :-)

--
Stu Miller
http://stujoe.tripod.com
http://members.ebay.com/aboutme/stujoe/

 
 
 

RCC quarter cartel and SC bags

Post by Paul Matu » Sun, 28 May 2000 04:00:00



Quote:
> Now that the official selling time has expired, I'm wondering if the
cartel
> loaded up on SC quarter bags to corner the market.

> I'll start by saying that I purchased a grand total of 0.

> How many did you purchase and what do you intend to do with them?

Despite my stated intent to buy a bag each, open them, and run through them
barefoot, I also ended up purchasing 0.

I decided the uncertainty of when I'd get them, plus explaining yet another
$70 charge to my wife wasn't worth the expected pleasure. I'd rather stand
or fall on ordering something pretty, like a Silver Eagle or a Proof Set,
then bags of 25 cent pieces selling for 35 cents.

But I'm really curious as to which theory was correct: did people order
umpty million of them, or were there so many people like me that stayed out
that they're scarce?

There's always New Hampshire... ;-)

 
 
 

RCC quarter cartel and SC bags

Post by beepbee » Sun, 28 May 2000 04:00:00


1d, 1p...collect dust along side the other 14 bags
Quote:

>Now that the official selling time has expired, I'm wondering if the cartel
>loaded up on SC quarter bags to corner the market.

>I'll start by saying that I purchased a grand total of 0.

>How many did you purchase and what do you intend to do with them?

>Darrin

 
 
 

RCC quarter cartel and SC bags

Post by Stujo » Sun, 28 May 2000 04:00:00



thusly...

Quote:



> > Now that the official selling time has expired, I'm wondering if the
> cartel
> > loaded up on SC quarter bags to corner the market.

> > I'll start by saying that I purchased a grand total of 0.

> > How many did you purchase and what do you intend to do with them?

> Despite my stated intent to buy a bag each, open them, and run through them
> barefoot, I also ended up purchasing 0.

> I decided the uncertainty of when I'd get them, plus explaining yet another
> $70 charge to my wife wasn't worth the expected pleasure. I'd rather stand
> or fall on ordering something pretty, like a Silver Eagle or a Proof Set,
> then bags of 25 cent pieces selling for 35 cents.

I debated myself and actually my wife talked me into getting my three.
I had told her I wasn't sure if I would be able to sell any this time but
I wanted to get at least 1 P to open but I was thinking of getting
another P and 1 D "just in case". She basically said that it's only about
$30 over what I could spend them for and that I had made more than that
by selling one bag in the past so I might as well go ahead and order
them. So I did this morning.

Quote:
> But I'm really curious as to which theory was correct: did people order
> umpty million of them, or were there so many people like me that stayed out
> that they're scarce?

That's the "double your money" question :-) I am planning on them not
doing anything on ebay but time will tell. Either way I don't think they
will be scarce but they just might not be any more plentiful than the
last few issues.

--
Stu Miller
http://stujoe.tripod.com
http://members.ebay.com/aboutme/stujoe/

 
 
 

RCC quarter cartel and SC bags

Post by Sam Morg » Sun, 28 May 2000 04:00:00


Quote:


>thusly...



>> > Now that the official selling time has expired, I'm wondering if the
>> cartel
>> > loaded up on SC quarter bags to corner the market.

>> > I'll start by saying that I purchased a grand total of 0.

>> > How many did you purchase and what do you intend to do with them?

>> Despite my stated intent to buy a bag each, open them, and run through them
>> barefoot, I also ended up purchasing 0.

>> I decided the uncertainty of when I'd get them, plus explaining yet another
>> $70 charge to my wife wasn't worth the expected pleasure. I'd rather stand
>> or fall on ordering something pretty, like a Silver Eagle or a Proof Set,
>> then bags of 25 cent pieces selling for 35 cents.

>I debated myself and actually my wife talked me into getting my three.
>I had told her I wasn't sure if I would be able to sell any this time but
>I wanted to get at least 1 P to open but I was thinking of getting
>another P and 1 D "just in case". She basically said that it's only about
>$30 over what I could spend them for and that I had made more than that
>by selling one bag in the past so I might as well go ahead and order
>them. So I did this morning.

>> But I'm really curious as to which theory was correct: did people order
>> umpty million of them, or were there so many people like me that stayed out
>> that they're scarce?

>That's the "double your money" question :-) I am planning on them not
>doing anything on ebay but time will tell. Either way I don't think they
>will be scarce but they just might not be any more plentiful than the
>last few issues.

>--
>Stu Miller

Presellers probably ordered more than anyone else. I think that many collectors
AND dealers are being cautious and/or have extended themselves a bit over the
last few months on the state quarter products and with rising interest rates,
do not want to get any farther behind as the slow season begins for coins. The
presellers do not have an option, but they bought enough to keep the quantity
of bags made substantially above last years levels, IMHO. The question is: How
many presold bags were on ebay, yahoo, bid valley, etc., not to mention other
dealers with customers on a program to buy as they come out? What about the
next few bag issues? NH, VA, NY? Will people still be buying presale bags like
they were a commodities future if the bottom drops out for SC bags? Will the
mint keep the same "as many as we get orders for" policy in effect? We live in
interesting times. Should I buy, should I sell? I bought eight bags total, AND
50 mint sets, b/c I have a problem. Is there a 12 step program for it? Will it
stop me from drooling when I see type 1 bust quarters? Proof seated Libs? FH
Standing type 1s? (That 1916 was nice for the year.) I had a quarter problem
BEFORE the statehood program. The 1999 stuff is still availible for
(relatively) cheap from the mint. I want to see that situation resolved, even
if it is just so Wallhalla can make a few ducats on something for once. ;-)

It is nice to be important, but it is more important to be nice. I do wish you
well. :-)

Please remove "spamless" to reply to email.

 
 
 

RCC quarter cartel and SC bags

Post by Jorg Luek » Sun, 28 May 2000 04:00:00


I went with 0, hey maybe these'll be the rarest of the bunch :-).  For
collecting I think I'll stick with the silver proof sets, they are my favorite
type the mint produces.

Quote:

> Now that the official selling time has expired, I'm wondering if the cartel
> loaded up on SC quarter bags to corner the market.

> I'll start by saying that I purchased a grand total of 0.

> How many did you purchase and what do you intend to do with them?

> Darrin

--
Achieve results, but never glory in them Achieve results, but never boast.
Achieve results, but never be proud. Achieve results, because this is the
natural way.
Achieve results but not through ***.
Force is followed by a loss of strength. This is not of the Tao.    - Verse 30
Tao Te Ching
 
 
 

RCC quarter cartel and SC bags

Post by Silver Eagle » Sun, 28 May 2000 04:00:00


I bought 0.  I was going to buy 3P and 3D, but looked at the cost and thought
that same amount would get me started with the Morgan collection I want to
start.

Had I bought the 6 bags, 2 (p&d) would've been kept, the other 4 would've been
sold, and all 6 boxes would definitely been sold on Ebay!

Quote:

> Now that the official selling time has expired, I'm wondering if the cartel
> loaded up on SC quarter bags to corner the market.

> I'll start by saying that I purchased a grand total of 0.

> How many did you purchase and what do you intend to do with them?

> Darrin

--
Ron

http://www.silvereagles.cx
 
 
 

RCC quarter cartel and SC bags

Post by Matthew Walensk » Sun, 28 May 2000 04:00:00


Zero for me.

Matt


Quote:



> > Now that the official selling time has expired, I'm wondering if the
> cartel
> > loaded up on SC quarter bags to corner the market.

> > I'll start by saying that I purchased a grand total of 0.

> > How many did you purchase and what do you intend to do with them?

> Despite my stated intent to buy a bag each, open them, and run through
them
> barefoot, I also ended up purchasing 0.

> I decided the uncertainty of when I'd get them, plus explaining yet
another
> $70 charge to my wife wasn't worth the expected pleasure. I'd rather stand
> or fall on ordering something pretty, like a Silver Eagle or a Proof Set,
> then bags of 25 cent pieces selling for 35 cents.

> But I'm really curious as to which theory was correct: did people order
> umpty million of them, or were there so many people like me that stayed
out
> that they're scarce?

> There's always New Hampshire... ;-)

 
 
 

RCC quarter cartel and SC bags

Post by Stujo » Sun, 28 May 2000 04:00:00



spoke thusly...

Quote:
> It's time to reassess my commitment to the State
> Quarter hysteria and the impact this drain will
> have on my budget for other things!

I have a sneaky suspicion that many roll and bag collectors will reach
this decision point in the next several issues as the money and storage
space begins to add up. They may begin to "cut back" in the number of
bags/rolls that they buy for each state as the secondary market prices
get lower for each issue. Many will bow out altogether and the state
quarter mania will come to a halt. It may be slow or it may be all at
once but I certainly think it will happen. I don't think it can be
sustained for 10 years and 50 states. There may be a few peaks, however,
throughout the program do to the popularity of a certain state or if a
mintage for a certain state gets below a certain point. I think quite a
few people will remain interested but not enough to sustain the secondary
market like it has been to date.
To quote another rcc'er: "But, I may be wrong".

--
Stu Miller
http://stujoe.tripod.com
http://members.ebay.com/aboutme/stujoe/

 
 
 

RCC quarter cartel and SC bags

Post by Cris Cusac » Sun, 28 May 2000 04:00:00


You're reckoning without the increasing number of people collecting these
things. More and more are joining the hobby each day. Each issue, as it
comes out, becomes an item on the want list of each of those new collectors.

--
--Cris Cusack


Quote:

> spoke thusly...
> > It's time to reassess my commitment to the State
> > Quarter hysteria and the impact this drain will
> > have on my budget for other things!

> I have a sneaky suspicion that many roll and bag collectors will reach
> this decision point in the next several issues as the money and storage
> space begins to add up. They may begin to "cut back" in the number of
> bags/rolls that they buy for each state as the secondary market prices
> get lower for each issue. Many will bow out altogether and the state
> quarter mania will come to a halt. It may be slow or it may be all at
> once but I certainly think it will happen. I don't think it can be
> sustained for 10 years and 50 states. There may be a few peaks, however,
> throughout the program do to the popularity of a certain state or if a
> mintage for a certain state gets below a certain point. I think quite a
> few people will remain interested but not enough to sustain the secondary
> market like it has been to date.
> To quote another rcc'er: "But, I may be wrong".

> --
> Stu Miller
> http://stujoe.tripod.com
> http://members.ebay.com/aboutme/stujoe/

 
 
 

RCC quarter cartel and SC bags

Post by Stujo » Sun, 28 May 2000 04:00:00



thusly...

Quote:
> You're reckoning without the increasing number of people collecting these
> things. More and more are joining the hobby each day. Each issue, as it
> comes out, becomes an item on the want list of each of those new collectors.

You are correct that I am not expecting a great increase in the number of
people currently collecting them. We are 8 issues into the run and the
hype from the Home shopping channels, TV marketers, Ebay sellers, Bag
sellers, map sellers, and such has been in full swing for almost a year.
Maximum saturation. I personally think that the majority of people who
aren't interested in them at this point probably aren't going to be
interested down the road. Couple that with the huge increases in mintages
and 3 day unlimited bag sales and I think you have the makings of a
crash.
One thing you have to remember is that many of the people who are
currently buying up rolls and bags in quantity have been doing so because
they smell a profit. Once that profit motive disappears, they will quit
buying them and there will be plenty of quarters to go around for those
that really want to collect them (even if they want to collect them by
the bag or roll).

Just my opinion and of course time could prove me wrong.

--
Stu Miller
http://stujoe.tripod.com
http://members.ebay.com/aboutme/stujoe/

 
 
 

RCC quarter cartel and SC bags

Post by CCT1 » Mon, 29 May 2000 04:00:00


Originally, it seemed like a good idea to load up.  The
bags were selling like hotcakes, the quarter were
pretty--then the sap started to rise.

If I bought ten of each issue, 20 of each state, I would
have 1000 bags, or about $35K in capital tied up in
these damn things, not to mention the warehouse I
would have to rent to store them in.

I could just buy 5 of each issue and only invest $18K
(assuming no run-up in price by Diehl's heir).

I could just buy 1 of each issue and only spend $3.5K.

Hey, do I really want to spend $3,500 on mini-bags?
That 1926-S LIncoln MS-65 RB costs about that
much, and I have been lusting for that for years.
Besides, I'm spending beaucoup bucks on each
issue already getting bank-wrapped rolls, mint sets,
silver and regular proof sets--hell, I even bought a
couple of First Day Covers.

It's time to reassess my commitment to the State
Quarter hysteria and the impact this drain will
have on my budget for other things!  Ten years
from now I may very well be kicking myself for
buying current coins instead of blue chips.
Maybe if I put that money into blue chips, I can
buy in ten years every State Quarter collectible
I want and still have money left over--if I am still
as avid at coin collecting in ten years.

 
 
 

RCC quarter cartel and SC bags

Post by JSTONE93 » Mon, 29 May 2000 04:00:00


Quote:

>> I have a sneaky suspicion that many roll and bag collectors will reach
>> this decision point in the next several issues as the money and storage
>> space begins to add up.

I collected proof sets etc. from the Royal
British Mint in the early 1980's but
decided to stop because I was running
out of storage space.  A safe deposit
box can only hold so many things and
at some point you just run out of room.