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Several collectors in Ohio and California report very different approaches to collecting State quarter dollars by the roll, although it is doubtful their state of residency has anything to do with how they collect.
Here are two more stories under the "why I collect rolls of State quarters" theme begun in the June 16 issue of Coin World, with collector comments published in the June 30, July 7 and July 14 columns.
A collector in Ohio, who we quoted in the Feb. 18 "The State Quarters" column as saying that he has kept every State quarter dollar he has ever found in change, e-mailed us to say he also collects the coins by roll.
He said he's been buying a roll of each State quarter dollar struck at the Philadelphia and the Denver Mints.
The Ohio man wrote that he paid $15 per roll on the secondary market because his bank didn't offer the rolled coins at face value of $10.
In addition to the circulated State quarter dollars and the rolls of State quarters he's amassing, he's also buying a Brilliant Uncirculated version of each coin struck at both Mint facilities for a State quarter dollars album he is putting together.
And if that's not enough State quarter dollars, he writes that he had also "started collecting the 100-coin sacks of every State quarter" sold by the United States Mint.
But he confides that he "failed miserably there and ran out of funds halfway through the program."
He's looking forward to the release of the 2008 Alaska and Hawaii State quarter dollars (whose release will complete the 50-coin series) and says he will probably "proceed into next year with the U.S. territories quarters program. What the heck, it is only one more year, right?"
Glen L. Aalbers of California wrote to say he's still "collecting three rolls of each Mint mark per issue. I am just collecting; well, accumulating is a better word. [I] just will have something to do if I ever retire."
Aalbers is taking a pragmatic approach to his collecting plan but it may have an unexpected side benefit. He said he believes the State quarter dollars he's setting aside "will never be worth less than face value" and "at times they make great gifts!"
But here's the side benefit and Aalbers' way of passing along the joy of collecting. He gives "one new quarter to each bike rider in our [town's] annual 4th of July parade. I place it in a Mylar flap along with a 2 x 2 card stating that they rode a bike in the parade. Everyone loves them. I also give one to the parade judges and the grand marshal."
Albert Melikian Jr. of Rhode Island offers yet another perspective on why collectors buy multiple rolls of State quarter dollars.
"People are purchasing rolls of State quarters for the following reasons: as an investment; for retirement; for college costs; for speculation; dealers purchasing from 50 to 100 rolls at banks to sell at shows or their place of business."
Ultimately, the real issue is not whether you agree with reasons people collect the ways they do, but how are you investing your time and knowledge to help others learn more about State quarter dollars.
First Reports
Walter Shoup of Maryland reported June 9 that while he was unable to get 2008 New Mexico quarters at a bank he was able to get a roll of 2008-P Arizona quarter dollars.
Circulation Reports
We did not receive any reports this week.
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