15 Rare Washington Quarters Worth Over $20,000: The Washington quarter is one of the most recognizable coins in American history. First minted in 1932 to commemorate the 200th anniversary of George Washington’s birth, it quickly became a staple of everyday commerce. Over the decades, the quarter has undergone changes in design, composition, and minting practices. For collectors, certain rare Washington quarters stand out not only for their scarcity but also for their remarkable value. Some of these coins are worth well over $20,000, making them prized treasures in the numismatic world.
Historical Background
The Washington quarter was introduced during the Great Depression, a time when the nation sought symbols of strength and unity. The coin’s obverse features a portrait of George Washington, designed by sculptor John Flanagan. The reverse originally displayed an eagle with outstretched wings. Over time, the quarter became a canvas for commemorative designs, state series, and national park themes. Yet the early issues and rare varieties remain the most valuable to collectors.
Key Specifications
The original Washington quarters minted from 1932 to 1964 were composed of 90 percent silver and 10 percent copper. These specifications gave the coins intrinsic value beyond their face denomination. Later issues, beginning in 1965, were struck in copper-nickel clad composition. Collectors often focus on the silver quarters, as they carry both historical and monetary significance.
- Diameter: 24.3 millimeters
- Weight: 6.25 grams (silver issues)
- Composition: 90 percent silver, 10 percent copper (pre-1965)
- Edge: Reeded
Factors That Influence Value
Several factors determine the value of rare Washington quarters. These include mintage numbers, mint marks, condition, and unique errors. Coins with low production runs or those struck at certain mints are often more valuable. High-grade specimens with sharp details and original luster command premium prices. Error coins, such as doubled dies or off-center strikes, can be worth many times more than standard issues.
The Appeal of Rare Quarters
Collectors are drawn to rare Washington quarters because they combine historical significance with tangible value. Owning a coin worth over $20,000 is not only a financial investment but also a connection to American heritage. These coins often become centerpieces of collections, admired for their beauty, rarity, and the stories they carry.
1932-D Washington Quarter
The 1932-D quarter is one of the most famous rarities in the series. With a mintage of only 436,800, it is the lowest among all Washington quarters. High-grade examples are extremely scarce and can easily exceed $20,000 in value. Collectors prize this coin for its historical importance as one of the first issues in the series.
1932-S Washington Quarter
Similar to the Denver issue, the 1932-S quarter is highly sought after. With a mintage of 408,000, it is even rarer than the 1932-D. In mint state condition, the 1932-S can command prices well above $20,000. Together, the 1932-D and 1932-S quarters form the cornerstone of any serious Washington quarter collection.
1937 Doubled Die Obverse
Error coins are particularly appealing to collectors, and the 1937 doubled die obverse quarter is a prime example. The doubling is most visible on the inscriptions, creating a striking visual effect. High-grade specimens of this error can reach values exceeding $20,000, depending on demand and condition.
1942-D Doubled Die Reverse
Another valuable error is the 1942-D doubled die reverse quarter. The doubling appears on the lettering and design elements of the reverse. This coin is rare in all grades, and uncirculated examples are worth significant sums. Collectors often pay premiums for well-preserved specimens.
1950-D/S Overmintmark
The 1950-D/S quarter features an unusual overmintmark error, where a Denver mint mark was struck over a San Francisco mint mark. This variety is rare and highly collectible. In mint state condition, it can surpass $20,000 in value, making it one of the most intriguing coins in the series.
1950-S/D Overmintmark
Similar to the 1950-D/S, the 1950-S/D quarter displays a San Francisco mint mark struck over a Denver mint mark. This error is equally rare and valuable. Collectors seek both varieties to complete their sets, and high-grade examples are worth substantial amounts.
1964-D Doubled Die Obverse
The 1964-D doubled die obverse quarter is a fascinating error from the final year of silver coinage. The doubling is visible on the inscriptions and design elements. Uncirculated specimens are rare and can exceed $20,000 in value. This coin represents the end of an era in American coinage.
1970-S Proof Quarter Struck on Silver Planchet
In 1970, some proof quarters were mistakenly struck on silver planchets intended for other coins. These rare errors are highly prized by collectors. A 1970-S proof quarter on a silver planchet can command values well above $20,000, especially in pristine condition.
1971-S Proof Quarter Struck on Silver Planchet
Similar to the 1970-S error, the 1971-S proof quarter struck on a silver planchet is extremely rare. Collectors value these coins for their unusual composition and scarcity. High-grade examples are worth significant sums, often exceeding $20,000.
1974-D Doubled Die Obverse
The 1974-D doubled die obverse quarter is another error that captures collector interest. The doubling is visible on the inscriptions, creating a distinctive appearance. Rare in all grades, this coin can reach values over $20,000 when well preserved.
1983-P Doubled Die Reverse
The 1983-P doubled die reverse quarter is a modern rarity. The doubling is most noticeable on the reverse lettering. Collectors prize this coin for its uniqueness, and high-grade examples can surpass $20,000 in value.
2004-D Wisconsin Extra Leaf High
The 2004-D Wisconsin quarter features a famous error known as the extra leaf high. This variety displays an additional leaf on the corn stalk of the reverse design. It is highly collectible and can reach values over $20,000 in mint state condition.
2004-D Wisconsin Extra Leaf Low
Alongside the extra leaf high variety, the extra leaf low quarter is equally valuable. Both varieties are rare and sought after by collectors. High-grade examples of the extra leaf low can also exceed $20,000, making them modern treasures in the Washington quarter series.
Collecting Strategies
Collectors interested in rare Washington quarters should focus on acquiring coins in the best possible condition. Building a set that includes the key rarities and errors can be a rewarding challenge. Networking with other collectors, attending coin shows, and purchasing from reputable dealers are effective strategies. Patience and research are essential, as rare coins often appear unexpectedly on the market.
Preservation and Care
Proper preservation is crucial for maintaining the value of rare quarters. Coins should be stored in protective holders that prevent exposure to air and moisture. Cleaning should be avoided, as it can damage the surface and reduce value. Controlled environments with stable temperature and humidity are ideal for long-term storage.
Market Trends
The market for rare Washington quarters has shown steady growth over time. High-grade specimens and error coins continue to appreciate in value. Collectors view these coins as both historical artifacts and investment opportunities. The demand for rare quarters remains strong, ensuring their place as valuable assets in the numismatic world.
Conclusion
Rare Washington quarters worth over $20,000 represent the pinnacle of coin collecting. From the early 1932-D and 1932-S issues to modern errors like the Wisconsin extra leaf varieties, these coins capture the imagination of collectors. They embody history, artistry, and rarity, making them treasures that transcend their face value. For those who seek to build meaningful collections, these quarters offer both challenge and reward, standing as enduring symbols of American coinage.