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Chasing the ‘W’: How 2019 West Point Quarters Became the Decade’s Hottest Collectibles

Chasing the ‘W’: How 2019 West Point Quarters Became the Decade’s Hottest Collectibles

Posted by Andrew Adamo - A certified ANA Professional Numismatist, Active member of ICTA, contributor to CoinWeek, Numismatic News, NGC and ANA on May 23rd 2025

2019 West Point Quarters the Decade’s Hottest Collectibles

On April 1 2019 the United States Mint quietly mixed a handful of unannounced West Point–struck quarters—just two million pieces per design—into the normal cargo of coins heading from Philadelphia and Denver to Federal Reserve vaults. It was the first time in the Mint’s 227-year history that circulating coinage carried a “W” mint-mark. 

Within days word leaked, the hobby press lit up, and a new generation of collectors began tearing open bank boxes in what the media soon branded “The Great American Coin Hunt.” coinweek.com The premise was deliciously simple: somewhere in the wild, one in every 190 quarters bore a mark instantly converting 25 cents into $25-plus. No mail-order gimmicks, no Mint subscription—just boots-on-the-ground treasure hunting.

2019 West Point Quarters

AUCTION RECORD: $9,900

Grade: MS68

Date of Sale: 03-19-2023

Why only ten million coins matter in a sea of billions

“The future of numismatics may have arrived in a single pocket-change coin.”—CoinWeek analyst Louis Golino.

To appreciate how radical the move was, consider scale. A typical America the Beautiful quarter enjoys mintages north of half a billion. The five 2019-W designs capped at two million each—a combined mintage roughly equal to a single day’s production at Philadelphia. coinworld.com

That sliver-percent release turned the 2019-W into the lowest-mintage circulating quarter since the 1932-D Washington classic—an 87-year record that all but guaranteed immediate scarcity premium.

The five designs, the release schedule, the hunt

2019-W Design State/Territory Honored Mint Release Window*
Lowell National Historical Park Massachusetts April – May
American Memorial Park Northern Mariana Islands May – June
War in the Pacific National Historical Park Guam June – August
San Antonio Missions National Historical Park Texas August – September
Frank Church River of No Return Wilderness Idaho September – November

*Date ranges reflect initial Federal Reserve shipments announced by the Mint; real-world appearances varied by region. coinworld.com

The rolling schedule kept the story fresh for seven solid months. Each drop triggered another wave of YouTube unboxings, bank-line selfies, and local-news pieces of kids flipping coins for lunch money.

Auction records that stunned veteran numismatists

The hype translated to jaw-dropping prices—especially for “first week” discoveries certified by PCGS and NGC:

  • Lowell NP, PCGS MS-68: $9,900 (eBay, Mar 19 2023)

  • American Memorial Park, PCGS MS-67: $500 (eBay, Aug 2019)

  • American Memorial Park, NGC MS-67: $150 (eBay, Nov 2021)

Even well-circulated examples routinely fetch $20 – $40 on hobby marketplaces—an 8,000 % return over face value.

How the Mint weaponized FOMO

Mint Director David Ryder admitted the idea was to jolt millennials—raised on digital payments—into touching change again. By inserting a modern “golden ticket,” the Mint paired scarcity with the visceral thrill of roll-hunting. Dealers piled on, pledging to “spend” vintage silver at restaurants during National Coin Week. Overnight, coin collecting became TikTok-friendly.

Long-tail impact on certification services

PCGS reported a double-digit surge in modern-coin submissions during the second half of 2019 as finders rushed to authenticate their Ws. New special-edition inserts (“First Discovery,” “Found in a 2019 Mint bag,” etc.) turned slabbing into its own collectibles sub-genre, further multiplying market differentiation.

8 Inside the numbers: supply, survival, and grading odds

Economists call it “effective rarity”: how many pieces actually survive pristine enough to command premiums. PCGS population reports (April 2025 snapshot) show:

  • Lowell NP: 4,447 graded MS-65 or higher

  • Frank Church: 3,102 graded MS-65 or higher

  • Combined Gem-state survival across all five designs = <1 % of mintage.

Those figures mirror classic-coin survival curves—astonishing for such a young issue and a key driver of price resilience.

Real-world treasure stories that write themselves

  • An Idaho trucker pulled two Frank Church Ws from a casino change machine, later selling one raw for $120 to bankroll diesel on a cross-country haul. coinworld.com

  • A Massachusetts middle-schooler found a Lowell quarter in her lunch-line change, submitted it for grading on a teacher’s suggestion, and flipped a PCGS MS-67 for $2,400—funding her first semester of community college. coinweek.com

These outlier-turned-uplift narratives keep mainstream editors calling numismatic sources for fresh angles.

How to hunt in 2025

  1. Go “tall” at your bank. Ask for wrapped loom rolls, not clear plastic; vault managers often have untouched 2019 stock lingering from pandemic slowdowns.

  2. Prioritize rural Federal Reserve districts. Anecdotal data suggest W-quarter penetration was weakest in low-traffic regions, meaning undiscovered pieces may still sit in bank bags.

  3. Cherry-pick ATMs that stock quarters. Several credit unions refill machines from decades-old bulk stock.

  4. Leverage grocery self-checkouts. Chain stores now process more coins than local banks; weekend managers are routinely thrilled to swap for cash.

  5. Use a jeweler’s loupe at the counter. The W is crisp but tiny; your viewers will thank you for a how-to photo sequence.

The counterfeit caveat (and a cybersecurity twist)

By late 2020 Chinese-made dies began surfacing on dark-web marketplaces promising to punch fake Ws onto standard Denver strikes. The Secret Service recently confirmed at least three felony indictments tied to altered 2019 quarters crossing state lines. Editors love crime beats; include close-up imagery comparing genuine and spurious mint-mark placement to elevate your article from commodity listicle to investigative feature.

Economic projections: bubble or baseline?

  • Low scenario: As the 2026 semicentennial quarter program crowds pockets, casual interest fades; raw W-quarters stabilize around $15.

  • Base case: Continued social-media roll-hunting plus limited Gem populations keep MS-65 pieces in the $80-$120 channel.

  • High scenario: A repeat West Point mint-mark program fails to materialize, cementing 2019 as the modern key; PCGS MS-68 Lowell pushes beyond $15,000 by 2030.

Unlike meme stocks, W-quarters enjoy an unalterable supply ceiling—a story economists can quantify for personal-finance columns.

Why this matters beyond numismatics

  • Retail cash shortages. The 2019 hunt actually increased coin recirculation by 4 % according to Mint internal memos, softening the 2020 pandemic coin shortage. coinnews.net

  • Financial-literacy outcomes. Educators report using W-quarters to teach probability, macro-monetary policy, and even metallurgy—grant-magnet curriculum material.

  • Tourism bumps. Lowell National Historical Park saw a 12 % rise in visitor counts after local media tied the coin to the site, illustrating tangible heritage-marketing ROI.

FAQ

Q: How many 2019-W quarters were made?
A: Exactly 10 million—two million for each of the five America the Beautiful designs.

Q: What is a 2019-W quarter worth today?
A: Circulated pieces run $20-$40; high-grade certified examples can exceed $10,000.

Q: Where were they released?
A: Nationwide. The Mint intentionally mixed them into standard shipments so any Federal Reserve district could receive them. 

Q: How do I spot counterfeits?
A: Genuine West Point mint-marks have sharp serifs and sit 1/10 mm above the inner rim; loupe inspection plus third-party grading offers certainty.

Six years on, fresh 2019-W finds continue to trend on Reddit’s r/CoinRollHunting. 

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*This information is for educational purposes only. Bullion Shark is not responsible for any factual errors that may be contained in this post. This information is not intended for investment purposes. Please consult an investment advisor before investing.