The E-Sylum:  Volume 8, Number 6, February 6, 2005, Article 9

SO THAT'S WHY I CAN'T FIND A WISCONSIN

The Kerrville Daily Times of Texas published an article
February 4th which explains why I've had such a hard time
locating a Wisconsin quarter in circulation for my sons'
collections. It's a natural consequence of the news published
in an earlier Asylum about the newly discovered varieties of
the coin:

"On Thursday afternoon, several local banks reported to be
“completely wiped out of quarters” — new 2004 Wisconsin
quarters, that is.

“We keep having customers coming in looking for these
Wisconsin quarters,” said Donna Spencer, supervising bank
teller at Kerrville#39;s Broadway Bank. “We are out. We have
no more Wisconsin quarters.”

Spencer said she and the other bank tellers thought the
sudden interest in Wisconsin quarters was unusual, but it
wasn#39;t until the end of the week, when the bank almost had
sold out, that they realized many of these Wisconsin quarters
could be rare and potentially worth hundreds of dollars.

“When people first started coming in this week, we thought
people were just catching up on their (statehood) collections,”
Spencer said.

“Then someone finally told us about the extra leaves.”

These “extra leaves” appearing on a select few of the
Wisconsin Statehood Quarters are to blame for this
week#39;s quarter-buying frenzy. The discovery of these
rare quarters happened first in Tucson, Ariz., where coin
collectors discovered two different varieties of the
statehood quarter."

"On Monday, a coin collector who lives just north of
San Antonio informed the Times of an eBay Internet
auction selling a set of three quarters that were discovered
at a Kerrville bank.

“I work at the financial institution where these were
delivered to and was able to find a few of these rare
coins,” the eBay seller noted in his item#39;s description.
“These (quarters) may even be more rare as they are
some of the first to be reported outside of the city of
Tuscon.”

As of Thursday afternoon, this eBay auction was
approaching $140. Numerous other auctions selling
Wisconsin quarters currently are listed at eBay."

"Tucson coin dealer and collector Bret Palser said most
of the quarters he found came from banks.

“It was a frenzy at the banks for a while,” Palser said.
“Our bank tellers are sick of hearing about it. It was
pretty exciting for a while, but the excitement here
locally has died down a bit. We#39;re not expecting to
see any more or in any large number at all.”

Now that the coin hunt in Tucson has died down,
Palser said he has begun to sell his quarters. He and
Tucson coin dealers have purchased an advertisement
in Coin World and are selling sets of these rare
quarters for as much as $1,100, he said. "

Full Story

  Wayne Homren, Editor

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