US Govt shut down minting of state quarter dollars, so the public can get them for free??!!?

Question

Every once in awhile an ad will show up in the newspaper telling you that you can get free quarters, etc. because of various reasons. The latest ad states that "the US Govt has shut down the minting of the state quarter dollars by Congressional order", so the private US Commemorative Gallery is releasing their safety stock to anyone who responds in the next 10 days. To get the first 45 state quarter dollars, all you have to pay is $19 to cover the cost of a Deluxe Presidential Collector's Album and $5.85 S/H.

Is this legit?

Answer 1

First of all, notice that the add is careful never to say they are selling the coins themselves. You are paying for an album. That's because the government by law is the only entity allowed to 'sell' coins. It's legal to sell albums though. Let's say it costs them $1 to make the album. It costs them another $11.25 for the 45 quarters. They're charging you $19 for the album full of quarters, so they're making $6.75 profit on the sale of each album. It's probably a small company of just a few employees putting the quarters in the album and packaging them up. Truth is, they're getting their quarters from a bank just like anyone else. They're just using a little creative advertising and some cheap albums to make a profit. My advice, don't buy the overpriced albums. Go get some uncirculated quarters from the bank and create your own collection without paying someone a profit. Good luck!

Answer 2

NO! They are using a play on words, yes it is true that each state quarter is minted for just a certain period then the next one is minted. 5 were minted in 1999 and the next five states in 2000 and so one. The last 5 will be minted in 2008. If one looks around they may just find some real nice examples of the quarters in change. You have to remember that a set of the circulation strikes includes 2 mints, so a set is 100 quarters. You need a P and D mint marked coins. Most coin dealers have the coins and you can look at them and pick the best ones. It may cost a little more but you will have a complete set that looks nice. Also you can get an album that is acid free that will protect your coins. In the coin collecting world if it sounds too go to be true it is.

Answer 3

You get quarters...so old they are considered junk about to be melted down. So, you get: $11.25 worth of face value coins; which are actually worth about $1.00 total in spot metal value, plus about $0.20 (20cents) worth of cardboard 'deluxe album', and postage of about $2.00...for $24.85...and you think you are getting a bargain? Or you get more current-not yet junk-coins worth the full $11.25 and the cardboard album, and the postage, for the $24.85. What a deal! Hey! I have a nice new $20.00 bill I will put in a commemeorative album and sell to you for just $45.00 plus $5.00 s&h. Wanna buy it...before it is gone forever? BTW never buy Susan B. Anyhony dollars. They are so worthless that the government has a warehouse full of 500 Billion of them...all left un-guarded...because no one wants them enough to steal them. The mints made too many and so made all worthless.

Answer 4

It relies upon how long the close down keeps. Federal Prisons already have their budgets for operation in place; and can in all probability perform on money already authorized. no one's going to allow those people to easily stroll out of a Federal penal complex. mark downs money owed don't have something to do with an intensive down. they're going to truly be safer without government in place to scouse borrow your mark downs.