Thursday, March 19, 2015

Gold-Plated State Quarters

Plated coins fact.
  • These are not made by the government.
  • These have no extra value.
  • Whatever gold is plating is on the coin is too small to have value and cannot be removed.
Gold-Plated vs. normal quarter.
So how much gold is on these coins? Well about two cents or less per coin assuming it was 24 karat gold. They use electroplating which layers one atom layer at a time on the surface. It may be a few microns thick and so tightly bonded that taking it off is nearly impossible. Working one hour at a fast food joint would get you more money and free fries.

Statehood quarters were layered in platinum, silver, gold, and many types of materials as a novelty to amateur collectors. Statehood quarters were so new for U.S. coins that many companies tried to exploit the small frenzy and falsely claimed these were investment coins.

Collecting is an opinion. You should collect what you like but there are collecting communities who set guidelines. For coins the main limit is that a coin is collectible if it is issued by a government and any changes made outside the mint is considered Post Mint Damage (PMD).

Here's the stats...
Type/Country: 25 Cents - Rhode Island / United States
Year: 2001 P
Metal: 91.67% Copper 8.33% Nickel, Traces of Gold
Mintage: 423,000,000
Value: $0.25 in F-12

Type/Country: 25 Cents - Virginia / United States
Year: 2000 P
Metal: 91.67% Copper 8.33% Nickel, Traces of Gold
Mintage: 943,000,000
Value: $0.25 in F-12

Do you have a state quarter and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.

2 dollars worth, for Comments/Questions click here.:

Froogal Stoodent said...

Can't say I'm surprised about this...back when state quarters first came out, there was so much hype about them, and some unscrupulous sellers tried to cash in on "special sets" that weren't really special at all.

The Mint is really dragging the "special quarters" thing out past the point where most people have taken notice, though (probably just to preserve people's jobs!). Numismatists, for the most part, have probably never bothered--we all know that minting numbers like 400,000,000 per edition don't lead to any value whatsoever. It's kinda sad that the biggest thing that got so many people to check out their change was nothing more than a marketing campaign for a "special" series that have no value because so many were produced.

Man said...

@Froogal Stoodent

According to most coin collectors the state quarter programs brought in new collectors to the hobby which began to decline. While continuing it keeps young collectors interested plus it is what most of the world mints do.

As for jobs the same amount of workers make coins regardless of design changes.

They were never minted for value, it is a commemorative honor.