The 1959 Washington Silver Quarter is a fascinating coin for both seasoned collectors and those new to numismatics. This article delves into its historical significance, value determinants, and purchasing tips. It’s a must-read for anyone interested in learning more about the factors that impact the price and value of the 1959 Washington Silver Quarters.
Introduction to the 1959 Washington Silver Quarter
The 1959 Washington Quarter, minted at the Denver Mint and also available as a regular strike, holds a special place in the realm of numismatics. This coin, made primarily out of silver, symbolizes a significant era in United States minting history. Collectors cherish the 1959 Washington Silver Quarter for its aesthetic appeal and intrinsic value. Whether you are a seasoned collector or a novice, understanding the complexities of this coin can provide better insights into its value and significance.
Historical Context of the 1959 Washington Quarter
The Washington Quarter series started in 1932 to honor the bicentennial of George Washington’s birth. The 1959-D Washington Silver Quarter came from the Denver Mint, adding an extra layer of interest for collectors. The U.S. Mint produced these coins predominantly in silver, making them not just a medium of trade but also a valuable collectible.
In 1959, these quarters played an essential role in everyday transactions. However, as the price of silver rose over the years, these coins became more valuable for their metal content than their face value. This shift transformed them into coveted items in numismatic circles and among investors alike.
What Determines the Value of a 1959 Washington Silver Quarter?
The value of a 1959 Washington Silver Quarter primarily depends on its condition and rarity. A quarter with a higher grade or one that features unique characteristics will often have a higher value. The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Company (NGC) use the Sheldon coin grading scale to certify and evaluate these quarters.
Besides grading, other factors influencing its value include its mint mark, whether it’s a regular strike or a 1959-d, and the level of wear it has sustained over the years. Coins in uncirculated or gem condition fetch higher prices at auctions and from dealers like Accurate Precious Metals.
How to Determine the Condition of a 1959 Washington Quarter
Understanding the condition of your 1959 Washington Quarter can significantly impact its value. Coins are generally classified into circulated and uncirculated categories. Circulated coins show signs of wear, while uncirculated ones are in mint condition with minimal or no damage.
The Sheldon coin grading scale ranges from 1 (poor) to 70 (perfect mint state). A grade of 60 or better indicates a coin in uncirculated condition, while a grade of 65 or better denotes a gem condition. Determining the coin’s condition can involve consulting a PCGS-certified professional or using detailed price guide values and charts.
How Rare is the 1959 Washington Quarter?
Rarity plays a crucial role in the coin’s value. The U.S. Mint produced millions of these quarters, but not all of them have survived in good condition. Coins certified by PCGS and NGC are included in numismatic databases and census reports, which help establish their rarity.
Also, the 1959-d can be rarer than other editions. This adds to their value to coin collectors. Historical data, production numbers, and surviving specimens all show how rare the coin is. They show this in current markets.
Price Guide for 1959 Washington Silver Quarters
Several factors, including grade and rarity, influence the market value of the 1959 Washington Silver Quarters. Price guide values from sources like PCGS provide an excellent reference for collectors and investors looking to buy or sell these coins. Generally, a coin with a grade of 60 or better is worth more.
A typical 1959 Washington Silver Quarter might fetch a few dollars. But, an uncirculated or gem coin can command much higher prices. It’s always advisable to consult an established dealer like Accurate Precious Metals for accurate and current pricing information.
How to Buy or Sell a 1959 Washington Silver Quarter
If you’re looking to buy or sell a 1959 Washington Silver Quarter, Accurate Precious Metals offers reliable services. They provide expert advice, fair pricing, and a secure transaction environment, although they do not offer free shipping unless the order is large enough.
Before transacting, it’s crucial to verify the coin’s condition, rarity, and value through a certified professional. Additionally, checking recent sales data from auctions or sites like eBay can provide a clearer picture of the coin’s current market value.
Key Characteristics of the 1959 Washington Silver Quarter
The 1959 Washington Silver Quarter features several key characteristics that collectors seek. Its obverse showcases a portrait of George Washington, designed by John Flanagan. The reverse side, with an eagle holding arrows and olive branches, adds to its visual appeal.
With a diameter of 24.3mm and a composition of 90% silver and 10% copper, the coin weighs 6.25 grams. The mint mark, if present, appears below the eagle’s wreath on the reverse, indicating where the coin was minted.
Common Mistakes to Avoid When Assessing a 1959 Washington Silver Quarter
One common mistake collectors make is not considering the coin’s overall condition. Even a slight wear or damage can drastically reduce its value. Always consult with a certified professional for an accurate grade and assessment.
Another mistake is overlooking this coin’s rarity. While many 1959 Washington Quarters exist, finding one in pristine condition can be rare. Always check price guides and consult with numismatic experts for accurate assessments.
FAQs About the 1959 Washington Silver Quarter
What Makes the 1959 Washington Silver Quarter Unique?
The 1959 Washington Silver Quarter is unique because of its historical significance, silver content, and production year. The Denver Mint’s involvement in producing the 1959-d version adds to its allure for collectors.
How Can I Verify the Authenticity of My 1959 Washington Silver Quarter?
The best way to verify authenticity is to consult a professional from PCGS or NGC and use their certifications. Checking details like weight, diameter, and mint marks also helps in verifying a 1959 Washington Silver Quarter.
Where Can I Buy or Sell a 1959 Washington Silver Quarter?
Accurate Precious Metals provides a reliable platform for buying and selling 1959 Washington Silver Quarters. Before proceeding, ensure you have a certification of the coin’s condition and consult current price guides.
How Does the Price of Silver Affect the Value of My 1959 Washington Quarter?
The price of silver directly impacts the intrinsic value of the 1959 Washington Quarter. Generally, as the price of silver rises, so does the value of the coin. Always keep an eye on current silver market trends for the best valuation.
Conclusion: Key Takeaways
- The 1959 Washington Silver Quarter is a valuable and historically significant coin.
- Condition, rarity, and certification impact its value.
- Consult professionals like PCGS or NGC for grading and validation.
- Accurate Precious Metals offers reliable services for buying and selling these coins.
Sources
- Professional Coin Grading Service (PCGS). “Coin Price Guide”. PCGS Website.