Coin collecting is extremely interesting not only because of their attractive appearance and attached stories but also because of the possibility of finding a piece more valuable than its actual value. Out of all the treasures, the Bicentennial Quarter stands out in particular, whose value for a specific edition reaches approximately $1,350,000 USD.
However, this excitement does not end here, and there are six more quarters that have their own interesting stories and are worth more than $80,000. Let’s take a closer look at the specifications of these unique coins.
The Bicentennial Quarter
This quarter is like no other quarter: a quarter minted in 1976 to commemorate the 200th anniversary of the United States of America’s independence. This specific coin may be considered more valuable because it is due to a specific mint mistake and the fact that this coin has never been in circulation.
This mistake could be a misprint or a doubled die, which makes this piece absolutely unique. Such obvious ‘abnormalities’ are very attractive to collectors and true fans, who are willing to pay millions of dollars for such a priceless piece. A similar specimen was once sold at a public auction for just over $1,350,000 USD. This unique coin is rare, and for this reason, it is usually found in excellent condition and therefore makes an excellent exhibit for any collector.
Washington Quarter
The 1932 Washington Quarter is known as the first official Washington Quarter and was designed as a one-year-only commemorative type, which was later adopted as a long-lasting type of U.S. currency. An example of a flawless Morgan Dollar, particularly one with a D (Denver) or S (San Francisco) mint mark, that has never been in circulation can sell for over $80,000. This piece is considered highly valuable due to its historical value and its rarity.
Copper Quarters
Prior to 1943, lower-value quarters were made of steel with a zinc coating on them because the base copper material was used for war purposes. However, very few 1943 copper quarters have been obtained, as they were likely created due to mint mistakes when the copper planchet was used. These copper quarters are very difficult to find, and even in very good condition, they can fetch a collector up to $100,000.
Overmintmark Quarters
The 1950-D/S quarter is another interesting piece because this piece resulted from an overmint error. The D (Denver) mintmark was overstamping the S (San Francisco) mintmark. This error occurred when a die intended for one mint was shipped to another mint. When these quarters are in mint condition, in uncirculated condition, they go for over $80,000, and the fact that it is a very rare find makes it a favorite among collectors.
SMS Quarters
The 1964 SMS (Special Mint Set) quarters are still somewhat of a mystery because the U.S. Mint has never given a clear report about them. These coins are identified by a distinctive patina that sets them apart from normal and proof issues of that year. These are probably not in circulation, and a 1964 SMS quarter in mint condition can easily go for over $100,000.
Proof Quarters on Canadian Coins
This extraordinary thing happened when a 1941-S proof quarter was struck on a 1970 Canadian quarter. Knowing that this coin was a hybrid that had elements of some American and Canadian coinage. Because of this error and the story it presents, this quarter could sell for over $80,000 at auction.
Broadstruck Quarter
A broadstruck quarter is a quarter that was produced without a collar, which is used to hold the coin in place; therefore, the coins will be wide and not the correct size. The quarter mentioned here is the 1999-P Connecticut Broadstruck Quarter. Because of their rarity and special design, these coins could be worth over $80,000 US dollars in MS-65 condition.
Conclusion
As mentioned earlier, the hobby and community of coin collecting is made up of many stories of the discovery of unusual and valuable coins. These Bicentennial quarters, and the other six quarters mentioned above, clearly show how errors, history, and rarity can combine to create highly valuable pieces.
Getting involved in the search for these coins, whether as a beginning collector or as an experienced collector, can be a lot of fun and profitable.
FAQs
Q. How do I know if I have a rare coin?
A. You can contact a coin collector or coin expert. They can examine the coins and determine their actual value. Apart from this, information can also be obtained by using online resources and coin catalogs.
Q. Where can I buy rare coins?
A. Rare coins can be purchased at coin stores, online auction houses, and coin shows. However, be cautious when purchasing rare coins and buy only from reputable sellers.
Q. Are all old coins rare and valuable?
A. No, not all old coins are rare or valuable. Some coins are less commonly circulated and have less value. Rarity, condition, and historical significance determine the value of the coin.
Q. Do the value of coins increase over time?
A. Yes, the value of many rare coins increases over time. It depends on many factors, such as demand, supply, and economic conditions. Therefore, coin collecting can be a long-term investment.
Q. Is coin collecting an expensive hobby?
A. The cost of coin collection may vary depending on the budget and interest of the individual. You can start with a small investment and gradually expand your collection.