The 1967 Washington Quarter holds a wealth of secrets that both seasoned collectors and new enthusiasts can uncover. From its mint mark variations to its intriguing error coins, this quarter is more than just currency; it represents a rich history in numismatics. This article delves into the hidden gems of the 1967 quarter, detailing its value in today’s market and providing insights on what makes this coin a must-read for any collector.
Understanding the 1967 Quarter: What Makes It Special?
The 1967 Washington Quarter is notable for several reasons. First, it was minted during a time of significant change in the United States, particularly regarding currency production. In 1965, the U.S. Mint transitioned from silver to copper nickel for most circulating coins due to a coin shortage. As a result, the 1967 quarter is primarily composed of copper-nickel, making it less valuable in terms of metal content compared to earlier quarters.
Moreover, the 1967 quarter features the iconic design by John Flanagan on the obverse, showcasing a profile of George Washington. The reverse depicts an eagle, symbolizing strength and freedom, along with the inscriptions “E Pluribus Unum” and “Quarter Dollar.” Collectors often seek out the 1967 quarter for its unique mint mark variations and potential error coins, which can significantly increase its numismatic value.
What Are Mint Marks and Why Do They Matter?
Mint marks are crucial identifiers that tell collectors where a coin was produced. For the 1967 Washington Quarter, the mint marks can be found on the obverse side, just to the right of Washington’s neck. The three facilities that produced quarters in 1967 were the Philadelphia Mint (no mint mark), the Denver Mint (D), and the San Francisco Mint (S).
These mint marks provide insight into the rarity and value of each coin variant. For example, a 1967 quarter with an “S” mint mark indicates it was struck at the San Francisco Mint, which often produced coins for collectors. This can lead to a higher value, especially if the coin is in uncirculated condition. Understanding mint marks allows collectors to make informed decisions when buying or selling their 1967 quarters.
How to Determine the Value of a 1967 Quarter?
The value of a 1967 quarter depends on several factors, including its mint mark, condition, and any existing errors. Generally, a circulated 1967 quarter may only be worth its face value of 25 cents, but uncirculated coins can fetch much higher prices. For instance, a 1967 quarter in Mint State (M.S.) condition may be valued at several dollars, especially if graded by a professional grading service such as NGC or PCGS.
To assess the value accurately, collectors often refer to a price chart that lists various grades, including MS67 and MS68, which indicate near-perfect conditions. Additionally, the increasing price of silver can impact the coin’s value, making it essential for collectors to stay informed about current market trends.
What Are the Rare 1967 Quarters to Look Out For?
Some 1967 quarters are rarer than others, making them highly sought after by collectors. The “SMS“ (Special Mint Set) quarters are particularly intriguing. These coins feature a unique finish and were produced for collectors rather than general circulation. The 1967 SMS quarter is distinguished by its superior quality and often commands a premium price in the numismatic market.
Additionally, error coins, such as those with off-center strikes or incorrect planchets, represent a fascinating category of rare 1967 quarters. These mint-made errors can significantly increase a coin’s value, drawing the attention of avid collectors who appreciate the uniqueness these errors provide.
What is the 1967 Quarter Error List?
The 1967 quarter error list includes various types of mint errors that can occur during the coin production process. Common errors for the 1967 quarter include off-center strikes, where the design is misaligned on the planchet, and double dies, where the coin features a duplicated design due to a misalignment during the striking process.
Other notable errors include the “Cameo“ and “Deep Cameo“ finishes, which occur when the contrast between the frosted design and the shiny background is pronounced. These error coins are not only fascinating to study but can also fetch significant premiums over standard issues when they hit the market. Collectors should keep an eye on these errors when assessing their collections or looking to buy 1967 quarters.
How to Grade a 1967 Quarter?
Coin grading is a vital process in determining the condition and value of a 1967 quarter. The Sheldon coin grading scale ranges from 1 (poor) to 70 (perfect), with various grades indicating the coin’s level of wear. For instance, a coin-graded MS60 is uncirculated but may show some imperfections, while an MS68 exhibits minimal to no flaws, making it highly desirable among collectors.
To accurately grade a 1967 quarter, collectors should closely examine the coin’s surface for scratches, marks, or wear on the high points of the design. Using a magnifying glass can help identify subtle details and imperfections. Additionally, utilizing the services of professional grading companies like NGC or PCGS can provide an official grade and authenticate the coin, enhancing its value in the market.
Where to Buy or Sell 1967 Quarters?
Collectors interested in buying or selling 1967 quarters can explore various platforms, including online marketplaces like eBay, local coin shops, and auctions. Accurate Precious Metals also serves as a reputable dealer for buying and selling gold and silver products, including numismatic coins like the 1967 quarter.
When considering a transaction, it’s essential to compare prices and verify the authenticity of the coins. Researching recent sales and price guides can help determine a fair market value. For collectors looking to expand their collections or liquidate assets, connecting with reputable dealers ensures a smooth transaction process.
What is the Current Market Demand for the 1967 Quarter?
The current market demand for the 1967 quarter remains strong, particularly among numismatists and collectors seeking to complete their collections. As a key date in the quarter series, the 1967 quarter often attracts interest due to its historical significance and unique minting characteristics.
The increasing popularity of coin collecting also drives demand, with new collectors entering the market regularly. This trend can lead to fluctuating values, particularly for rare variations and error coins. Staying informed about market trends and participating in coin shows or online forums can help collectors gauge demand and make informed purchasing decisions.
Frequently Asked Questions About the 1967 Washington Quarter
What is the most valuable 1967 quarter?
The most valuable 1967 quarter is typically the SMS version, especially those graded in high-mint state condition. These coins can command prices well above their face value, particularly if they feature unique traits or errors.
How can I tell if my 1967 quarter is an error coin?
Error coins often display noticeable anomalies, such as double images, off-center strikes, or unusual textures. Examining the coin closely and comparing it to known examples can help identify potential errors.
Are 1967 quarters made of silver?
No, the 1967 Washington Quarter is made of copper-nickel. The last year’s quarters contained silver in 1964. As a result, the 1967 quarter does not hold intrinsic silver value but retains numismatic appeal.
What is the best way to store my 1967 quarters?
Proper storage of 1967 quarters is crucial for maintaining their condition. To protect them from environmental factors like moisture and air exposure, utilize coin holders, albums, or capsules designed for numismatic collections.
Where can I find a price chart for the 1967 quarters?
Numerous online resources and numismatic publications provide price charts for 1967 quarters. Websites dedicated to coin collecting often feature updated price guides based on market trends, helping collectors determine current values.
Key Takeaways About the 1967 Washington Quarter
- The 1967 Washington Quarter is primarily made of copper-nickel and does not contain silver.
- Mint marks are crucial for identifying the origin and potential value of the coin.
- Uncirculated examples and error coins can significantly increase the value of a 1967 quarter.
- Grading coins accurately helps collectors understand their worth and market demand.
- Strong market demand for the 1967 quarter makes it a valuable addition to any collection.
Sources
- United States Mint. “Washington Quarter.“ usmint.gov.
- Numismatic Guaranty Company. “Coin Grading Scale.“ ngccoin.com.
- Professional Coin Grading Service. “PCGS Price Guide.“ pcgs.com.
- Coin World. “Understanding Coin Mint Marks.“ coinworld.com.
