Discover the fascinating history and value of the 1956 Washington Silver Quarter. This blog post provides an in-depth look at the heritage and significance of one of America’s most beloved coins. Are you a numismatics enthusiast, a seasoned collector, or just starting? This comprehensive guide offers valuable insights into the 1956 Washington Quarter’s composition, mintage, and market value. Dive in to understand why this coin holds a special place in coin collecting and find out how you can determine its worth in today’s market.
The Origin and History of the Washington Quarter
The Washington Quarter debuted in 1932, designed to honor the 200th anniversary of George Washington’s birth. The United States Mint released it as a replacement for the Standing Liberty Quarter. Renowned sculptor John Flanagan created its design, which features a portrait of Washington on the obverse side and an eagle on the reverse. Over the years, this design has become one of the most recognizable in American coinage, and it has seen few changes throughout its history.
Initially, the coin was composed of 90% silver and 10% copper, making it not only a monetary tool but also a valuable piece of silver. This composition lasted until 1964, after which the coin ceased to contain silver due to rising bullion costs. The 1956 Washington Silver Quarter, therefore, is part of the valuable era of silver quarters and holds significant historical and numismatic worth.
Understanding the Composition and Design of the 1956 Washington Quarter
The 1956 Washington Silver Quarter maintains the classic design that collectors admire. John Flanagan’s portrait of George Washington remains on the front, while the back displays a majestic eagle with outspread wings. The quarter from this year consists of 90% silver and 10% copper, giving it a total weight of 6.25 grams.
This coin’s silver content makes it highly sought after by collectors and investors alike. Its design has minimal wear, allowing its details to stand out sharply, even decades after its minting. As a silver coin, its intrinsic value increases with the price of silver, adding to its allure and desirability.
How does the Grading Process Affect the 1956 Washington Silver Quarter Value?
The grade of a 1956 Washington Silver Quarter significantly influences its value. Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) provide standardized grades ranging from Poor (P-1) to Mint State (MS-70). Coins with higher grades fetch higher prices at auctions and from dealers.
For example, an uncirculated coin that shows no signs of wear and retains its mint luster can command a premium price. Collectors often seek out coins graded MS-65 or better, which are considered highly brilliant and desirable. Such coins can significantly exceed their base silver value, making grading a crucial aspect of determining a coin’s market worth.
Detailed Coin Facts and Statistics for the 1956 Washington Quarter
In 1956, the United States Mint produced Washington Quarters at both the Philadelphia and Denver Mints. The Philadelphia Mint did not use a mint mark, while the Denver Mint coins bear a “D” mint mark. The total mintage for the 1956 Washington Silver Quarter was approximately 44,646,000 for Philadelphia and around 32,334,960 for Denver.
These mintage numbers provide a clue to the coin’s rarity. Coins with lower mintage figures generally have a higher value due to their scarcity. Also, specific coin types and die types affect their collectible status and value. This makes some 1956 quarters rare finds in the coin world.
Exploring the Coin Value and Market Price of the 1956 Washington Silver Quarter
The value of a 1956 Washington Silver Quarter can vary greatly depending on its condition, grading, and rarity. Average circulated coins might fetch anywhere from a few dollars to gains tied strictly to their silver content. However, uncirculated coins, particularly those with high grades from PCGS or NGC, can command prices well into the hundreds or thousands of dollars.
Collectors and investors often refer to price guides and auction results to gauge current market values. The PCGS Price Guide and Numismatic Guaranty Corporation’s valuation tools are popular resources. Accurate Precious Metals can also help evaluate and trade these valuable coins. They provide expertise and a trusted platform for transactions.
What Role Do Condition and Grading Play in Determining Coin Value?
Condition and grading dramatically influence a coin’s value. Terms like ‘brilliant uncirculated‘ or ‘extremely fine‘ indicate higher prices. Coins in pristine condition, with no surface wear and full original luster, are particularly prized by collectors.
Professional grading from PCGS or NGC adds a layer of trust and authenticity, often increasing a coin’s market value. These organizations use strict grading standards and provide detailed assessments. These assessments cover strike quality, wear, and overall eye appeal, which are essential for serious collectors.
Coin Auctions and Market Trends for the 1956 Washington Silver Quarter
Coin auctions provide a transparent way to see what a 1956 Washington Silver Quarter is worth at any given time. Auction platforms, such as eBay and specialized numismatic auction houses, list recent sales and current bids that reflect real-time coin values. Most high-grade coins, especially those certified by PCGS or NGC, often fetch higher prices in auctions.
Monitoring market trends is crucial for both buyers and sellers. As demand for collectible coins, including the 1956 Washington Silver Quarter, fluctuates, so does their market value. Staying updated with Accurate Precious Metals and other reputable dealers can provide valuable insights and help you make informed buying or selling choices.
What is the Average Price Range for the 1956 Washington Silver Quarter Coin?
The price range for a 1956 Washington Silver Quarter varies widely. Circulated coins typically sell for their silver content value, often between $5 and $7, given the current silver prices. Better preserved coins can range from $10 to $30.
High-grade and uncirculated coins can fetch much higher prices. PCGS or NGC-graded coins in high mint state grades (MS-65 or better) might sell for a few hundred to several thousand dollars, depending on their rarity and demand. Accurate Precious Metals can provide an updated price guide and assist in accurately valuing your quarter.
Expert Tips for Collecting and Storing Your 1956 Washington Silver Quarter
Collecting Washington Silver Quarters can be a rewarding hobby, especially for coins from 1956 due to their historical and silver content value. Start by focusing on the condition and authenticity of the coins. Look for reputable dealers like Accurate Precious Metals for purchases.
Proper storage is essential to maintaining a coin’s value. Use high-quality coin holders or albums to protect your coins from environmental damage. Avoid direct handling, and always use gloves to prevent oils from your skin from affecting the coin’s surface. Accurate Precious Metals does not offer storage options now, but they might offer safe storage for your collection in the future.
Frequently Asked Questions about the 1956 Washington Silver Quarter
What Makes the 1956 Washington Quarter Valuable?
The 1956 Washington Quarter is valuable due to its silver content, historical significance, and collectible status. High-grade coins, especially those certified by PCGS or NGC, fetch higher prices due to their condition and rarity.
Where Can I Buy or Sell a 1956 Washington Silver Quarter?
You can buy or sell a 1956 Washington Silver Quarter through reputable dealers like Accurate Precious Metals. They offer reliable evaluations and fair market prices based on current trends and grading standards.
How Do I Determine the Grade of My Coin?
Professional grading services such as PCGS and NGC provide standardized assessments of a coin’s grade. These evaluations consider the coin’s condition, strike quality, surface preservation, and overall eye appeal.
What is the Best Way to Protect My Coin Collection?
Protect your coin collection by using high-quality coin holders or albums and storing them in a controlled environment. Avoid handling coins without gloves to prevent oils from your skin from damaging their surfaces. Future storage options at Accurate Precious Metals can also offer specialized protection.
Closing Thoughts on the 1956 Washington Silver Quarter
- The 1956 Washington Silver Quarter is a historically significant and valuable collectible coin.
- The coin’s value largely depends on its silver content, condition, and grading.
- Professional grading by PCGS or NGC adds value and authenticity.
- Coin auctions and market trends are crucial for determining current values.
- Proper storage and handling ensure your coin’s longevity and worth.
Sources
- Professional Coin Grading Service (PCGS). “PCGS Price Guide.“ https://www.pcgs.com/priceguide
- Numismatic Guaranty Corporation (NGC). “NGC Coin Value Guide.“ https://www.ngccoin.com/price-guide
- United States Mint. “History of the Washington Quarter.“ https://www.usmint.gov/