The Washington quarter, one of the most iconic coins in U.S. history, has a fascinating backstory. While many people use these coins every day, few realize the historical and collectible value behind them. Here’s a deep dive into the story of the Washington quarter and its significance, particularly focusing on the 1964-D version that could be worth thousands of dollars.
Creation to honor George Washington’s 200th birthday
In 1932, the U.S. government decided to commemorate the 200th anniversary of George Washington’s birth by creating a special 25-cent coin featuring his image. At the time, there was a surge of interest in creating commemorative coins that honored important figures and events in American history. Initially, the Washington quarter was only intended to be a limited release as a commemorative coin. However, the public’s positive reaction to the coin led to its continued use. By 1934, it was no longer just a one-time release—it became a regular coin in circulation, replacing the Standing Liberty quarter.
John Flanagan’s design
The design of the Washington quarter was crafted by New York sculptor John Flanagan. He was selected through a design competition, and his portrayal of George Washington on the coin’s obverse has remained largely unchanged since it was first minted. Flanagan’s design features Washington’s profile facing left, with the words “LIBERTY” and “IN GOD WE TRUST” inscribed alongside him. On the reverse, an eagle is seen perched on a bundle of arrows, with olive branches below, symbolizing both strength and peace. The reverse also includes the Latin phrase “E PLURIBUS UNUM” (“Out of Many, One”) and the words “UNITED STATES OF AMERICA” and “QUARTER DOLLAR.”
Silver Content of pre-1965 quarters
From its inception in 1932 until 1964, the Washington quarter was composed of 90% silver. The remaining 10% was copper. This silver content made the quarter not only a means of commerce but also a valuable item for collectors and investors. In 1965, due to rising silver prices, the U.S. Mint changed the coin’s composition to an alloy of copper and nickel over a pure copper core. Because of their silver content, quarters minted before 1965 are now highly sought after, both for their collectible value and their silver content. Over the years, collectors have sought these coins to melt them down for their precious metal value, further increasing their scarcity in circulation.
Characteristics of the 1964 25-Cent Coin
The 1964 Washington quarter is notable not only for its silver content but also for its collectible value, especially coins minted at the Denver Mint. Quarters from the Denver Mint are marked with a small “D” just below the eagle on the reverse side of the coin. The Denver Mint produced 704,135,528 quarters in 1964, the largest production run for that year. While these coins are common, their value skyrockets if they are found in uncirculated condition.
On the obverse, you’ll find the standard profile of George Washington, along with the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the year “1964.” The reverse features the iconic eagle design along with “E PLURIBUS UNUM,” “UNITED STATES OF AMERICA,” and “QUARTER DOLLAR.”
What makes the 1964-D Quarter worth up to $38,500?
The 1964-D Washington quarter, depending on its condition, can be worth a substantial amount. Coins graded in mint condition by the Professional Coin Grading Service (PCGS) are valued differently based on their grading. For example:
- MS-62: Up to $12
- MS-63: Up to $14
- MS-64: Up to $24
- MS-65: Up to $30
- MS-66: Up to $65
- MS-67: Up to $475
- MS-68: Up to $38,500
The extreme value of the MS-68 graded coins reflects their rarity in near-perfect condition. To determine whether your coin is worth grading, it’s best to consult with a coin dealer or professional grader before spending money on professional services.
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Take home note
While the Washington quarter is a common part of everyday transactions, the history, design, and collectible value behind it make it much more than just loose change. If you’re lucky enough to come across a 1964-D Washington quarter in exceptional condition, you could potentially have a coin worth up to $38,500.
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