Posts Tagged ‘foreign coin collecting’
The Coin Series that Half of America Collected…
In 1999 the first 5 coins of a remarkable series made their way into the hands of the American public. Designed to give a boost to the nation’s interest in numismatics, these specially themed ‘State’ Quarter Dollars rapidly became the most popular collecting phenomenon in American history.
In 1993 a committee was formed to investigate ways to generate interest from younger collectors in the American numismatic market. Little did they know the ideas proposed in that very meeting would transcend all ages and interests and become the most widely collected series of coins in American history, and arguably, the world.
The key proposal was a collection of 50 new quarters – one for every state. 5 quarters were released a year over a ten year period, with the reverse designs representing the history and heritage of each state – a timeless reminder of the breadth and diversity of American culture. To make room for these intricate designs the familiar writing ‘Quarter Dollar’, ‘Liberty’ and ‘In God We Trust’ was moved onto the obverse.
The planning process to get such a momentous series of coins produced is estimated to have involved 3.5 million people, whether that was submitting design concepts or voting for their favourite.
The hard work resulted in a series of coins which are a true spectacle, each a miniature work of art. From the Wright Brothers Plane on the North Carolina coin, Mount Rushmore on the South Dakota coin, to Chimney Rock on the Nebraska coin, and the Grand Canyon on the Arizona coin, each design is a talking point and little piece of US history.
Despite their obvious popularity there was a time when their very survival was in jeopardy. Various reports state that the US Treasury was opposed to the idea, unconvinced by the figures and unsure of the concept. Nevertheless the State Quarters Programme made it through a strict feasibility study unscathed, and the first coins were struck in 1999 – the rest is history…
It’s estimated that nearly half of all Americans collected these coins in some form or another. That’s roughly 150 million people!
But as the series was technically intended for circulation it could sometimes take years for a collector to find all the quarters in their change. And as each coin was struck for just 10 weeks, never to be struck again, finding every single one of these coins would still take a monumental effort. Especially as a significant proportion of the coins were taken out of circulation straight away into private collections, making them harder to find than ever before.
The coins were so popular that in 2009, following the conclusion of the 50 State Quarters Program, a one year follow up series began featuring six additional Quarters that represented the six US jurisdictions that aren’t classified as states.
What’s more, these extra coins had a significantly lower mintage of 636,200,000 – a tiny amount compared to the 50 State Quarters Program that had its lowest mintage in 2008 with just 2,438,200,000 Quarters being issued.
These 56 US Quarters in total clearly make for an excellent collection of US coinage and it’s not surprising that this collection became the most successful numismatics program in history!
Start collecting today with 6 of the MOST WANTED US Quarters
Start your very own journey with the collection of US State Quarters that Half of America Collected… and save yourself all the hard work of searching for each of these quarters individually.
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