Introduction
The 1967 quarter has captured the attention of numismatists and collectors alike due to its historical significance and potential value. Minted during a pivotal era marked by social and political upheaval, this coin has become a testament to the enduring legacy of American coinage. In this comprehensive guide, we embark on an in-depth exploration of the 1967 quarter value, examining its historical context, design features, mintages, and current market trends.
Historical Context: The Silver Crisis of 1965
The 1967 quarter was introduced at a time when the United States faced a severe shortage of silver. The Silver Crisis of 1965 had depleted the Treasury's silver reserves, leading to a suspension in the production of silver coins. In response, Congress passed the Coinage Act of 1965, which authorized the production of clad coins, consisting of a copper-nickel alloy clad on both sides with a thin layer of silver.
Design Features: The Washington Quarter
The 1967 quarter is part of the Washington Quarter series, first introduced in 1932 to commemorate the 200th anniversary of George Washington's birth. The obverse of the coin features the iconic portrait of Washington facing left, designed by the renowned sculptor John Flanagan. The reverse depicts an American eagle in flight, with the inscriptions "UNITED STATES OF AMERICA," "QUARTER DOLLAR," and "E PLURIBUS UNUM."
Mintages and Rarities
The 1967 quarter was produced at three different mint facilities: Philadelphia (P), Denver (D), and San Francisco (S). The following table presents the mintages for each facility:
Mint Facility | Mintage |
---|---|
Philadelphia (P) | 390,740,000 |
Denver (D) | 158,525,252 |
San Francisco (S) | 36,223,500 |
Total | 585,488,752 |
Proof Coins
In addition to the regular-issue coins, the 1967 quarter was also produced as a proof coin. Proof coins are struck on specially prepared blanks and receive an additional polishing and finishing process, resulting in a highly lustrous and pristine appearance. The 1967 quarter proof was struck at the Philadelphia Mint in a limited mintage of 5,094 coins.
Value Determination
Numerous factors influence the value of a 1967 quarter, including its condition, scarcity, and market demand. The following table provides an overview of the approximate market value for different grades of the 1967 quarter:
Grade | Value |
---|---|
Poor (P-1) | $0.50-$1.00 |
Fair (F-2) | $1.50-$2.50 |
Good (G-4) | $3.00-$4.00 |
Very Good (VG-8) | $4.50-$5.50 |
Fine (F-12) | $6.00-$8.00 |
Very Fine (VF-20) | $8.50-$10.50 |
Extremely Fine (XF-40) | $11.00-$14.00 |
About Uncirculated (AU-50) | $14.50-$18.00 |
Uncirculated (MS-60) | $20.00-$30.00 |
Uncirculated (MS-65) | $35.00-$50.00 |
Proof (PR-65) | $80.00-$120.00 |
It's important to note that these values are subject to market fluctuations and may vary depending on the specific characteristics of each coin.
Effective Strategies for Maximizing Value
Tips and Tricks for Collectors
How to Approach Collecting 1967 Quarters
Pros and Cons of Collecting 1967 Quarters
Pros:
Cons:
Conclusion
The 1967 quarter stands as a testament to the enduring legacy of American coinage, embodying both historical significance and potential value. Whether you are an experienced numismatist or a novice collector, understanding the factors that influence its worth is crucial for maximizing your collection's value. By following the strategies outlined in this comprehensive guide, you can embark on an informed and rewarding journey into the world of 1967 quarter collecting.
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