I recently heard that about 160 million misguided Americans have wasted their time and money collecting the completely worthless so-called "state quarters"!
It is my hope that this article will enlighten the readers to realize their mistake in purchasing the US State Quarters, and invest their scarce monetary resources instead in an infinitely wiser capacity.
Now, I don't have a problem with some grandmother buying a map of the US with places for each of the 50 quarters. Heck, that sounds like a good geography lesson for some grandkid for about $30. No, my problem lies with the stacks of bricks that amateur "collectors" are buying in some misguided attempt at making an investment for the future.
There are only 2 factors that increase the value of coins over a period of years, and the state quarter possesses NEITHER of these qualities.
1. The coins should be made from precious metals like gold or silver. The state quarter like all quarters made for circulation since 1965 are made from 92% copper and 8% nickel, or worthless base metals. Yes, the "proof" versions do indeed contain 90% silver, but are so severely overpriced that realizing any future profit from them is highly unlikely.
2. The coins must be rare. To date there have been $34 billion worth of these quarters minted for circulation, making them one of the highest minted coins in the history of the world! A thousand years from now archaeologists will be throwing these things away as ubiquitous and bothersome relics, more closely akin to beer flip tabs than valuable relics!
What should you do if you have a hoard of these valueless slugs? Either pay your utility, grocery, or tolls with them, or go to your neighborhood bank and exchange these cheap con items in for paper folding money ASAP. Then buy as much 90% junk silver coins dating 1964 and prior (dimes, quarters, halves) as you can. Check out www.coinflation.com to see the going rate prices for these coins based on the value per ounce of silver. These coins are made from 90% valuable silver, and after the infamous Great Melt of 1980 there are no more than a total of $500 million (face value) still in existence today (compare that with $34 billion in state quarters alone that are loitering about the country at this moment)!
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.