Do you own a 1974 quarter and are curious about the potential sale price?
You might have thought of adding this coin to your collection. This is can be because of the 1974 quarter value and its rarity. It is true - that they were produced in large quantities, but a few had unique errors or flaws that made them moresought after for collectors and investors.
The Washington Quarter series, which debuted in 1932, includes the 1974 quarter. You may be considering purchasing one of these to add to your collection of antique coins.
In the end, you'll know roughly how much your 1974 Washington quarter is worth when you buy or sell it.
In 1974, the United States Mintt produced over 1.57 billion Washington quarters. Since there are so many of them, they are fairly common and reasonably priced for any collector.
Depending on where the coins were struck, the 1974 quarter comes in three different forms. Among them are:
Now, we will examine the worth of each type so you can understand the selling or purchasing price of a Washington quarter.
In 1974, the Philadelphia Mint produced the greatest number of Washington quarters ever, about 801,456,000.
The absence of a mint mark is the most telling feature of Philadelphia quarters. These no-mint mark coins are very common because of their enormous mintage, which makes them reasonably priced to acquire specimens of.
1974 P quarters are readily available even in uncirculated form, and this is particularly true of coins in lower mint state grades. Higher up the scale are quarters of gem qualities that are far more valuable.
The 1974 quarter value in circulating condition is $6.81. Lower down the scale, mint state coins see a very minor price increase. An MS60, for instance, costs roughly $1.0, whereas an MS65 is sold for over $26.
Up on the scale, you'll see that coins in mint state are worth a lot more than regular coins. Prices may go up to $260 for an MS67 grade.
A rare quarter in mint state (MS67+) fetched $2,115 at auction in 2020, according to data from the Professional Coin Grading Service (PCGS).
The following table shows the coin's grade, condition, and value with various quality levels:
| Grade | Condition | Value |
|---|---|---|
| Circulated | Standard wear | $6.81 |
| MS60 | Lower uncirculated grade | $1.00 |
| MS65 | Higher uncirculated grade | $26 |
| MS67 | Gem quality | $260 |
| MS67+ | Auction record (2020) | $2,115 |
Almost one quarter of the mintage produced at the Philadelphia plant was manufactured at the Denver mint. With an estimated mintage of 353,160,300 quarters in 1974, these coins are highly prevalent.
The bulk of the coins struck in Denver will be in circulated condition or lower grades of uncirculated mint state because the majority were released into circulation.
The 1974 quarter value for circulated coins ranges from $0.30 to $8.07. Additionally, mint state quarters are reasonably priced; an MS60 costs just $1, while an MS66 costs $38.
A 1974 Washington quarter in gem condition may bring $275 or more, depending on the condition. At an online auction, a specimen with the grade MS67 brought approximately $1,450.
| Grade | Condition | Value |
|---|---|---|
| Circulated | Standard wear | $0.30 - $8.07 |
| MS60 | Lower uncirculated grade | $1.00 |
| MS66 | Higher uncirculated grade | $38 |
| MS67 | Gem quality | $275 |
| MS67+ | Auction record | $1,450 |
In 1974, no regular circulation strikes in Washington quarters were produced at the San Francisco Mint. Instead, it produced roughly 2,612,568 proof coins for enthusiasts.
Proof coins typically have a satin-like sheen, frosted features, strong contrast, and excellent visual appeal. They are also typically of a superior strike grade.
The Mint typically produces a small number of proofs for collectors, although occasionally, like with the 1974 S proof quarters, the proof mintage can reach the millions.
Even for a novice collector on a tight budget, these proofs are readily available, with over 2 million copies struck. Market availability is typical for proofs up to PF66, but beyond PF69, these become unattainable.
There are three versions of the 1974 S quarters: standard proof, cameo, and deep cameo. The value of a standard MS69 is approximately $15, which is fairly reasonable for any collector.
In 1974, there were no regular strikes in Washington quarters produced at the San Francisco mint. Instead, it produced roughly 2,612,568 proof coins for enthusiasts.
Proof coins typically have a satin-like sheen, frosted features, strong contrast, and excellent visual appeal. They are also normally of a superior strike grade.
The Mint typically produces a small number of proofs for collectors, although occasionally, like with the 1974 S proof quarters, the proof mintage can reach the millions.
Even for a novice collector on a tight budget, these proofs are readily available, with over 2 million copies struck. Market availability is typical for proofs up to PF66, but beyond PF69, these become unattainable.
There are three versions of the 1974 S quarters: standard proof, cameo, and deep cameo. The value of a standard MS69 is approximately $15, which is fairly reasonable for any collector.
The following table presents the coin's grade, condition, and value among a few quality levels:
As we've seen, 1974 Washington quarters are usually valued at face value, and some can even be purchased for $2 or less if they're in immaculate condition.
Nevertheless, a coin's value can rise significantly due to certain minting faults. There will inevitably be a significant number of mistake coins with the 1974 quarters series' massive mintage, some of which are quite valuable.
Let's examine several typical 1974 quarter errors to be aware of:
A planchet mistake that is clipped occurs when the planchet is being cut and shaped. A chipped or partial planchet is the consequence of the machinery cutting the planchet from a bigger metal sheet, failing to produce a complete circular planchet.
The chipped planchet is struck as normal when it travels along the striking hub, but because part of the planchet is missing, the design doesn't fit together perfectly.
Examples of clipped planchet 1974 quarter faults are scarce. The value of this minting fault can reach $200, depending on how much of the breakage there is.
| Type | Description | Value |
|---|---|---|
| Clipped Planchet Error | Incomplete circular planchet | Up to $200 |
Off-center hits are somewhat typical in Washington quarters from 1974.
When the planchet is not positioned correctly in the striking hub, an error occurs. As a result, the die strikes the design nearer the coin's edge rather than in its middle. A coin with an off-center strike fault will have one half blank and the other half partially filled in with design features.
The 1974 quarter value with an off-center error can be found using the off-strike percentage. The coin's value increases as the off-strike percentage rises.
Depending on the condition, quarters with more than 50% off-strike might fetch up to $150.
| Type | Off-Strike Percentage | Value |
|---|---|---|
| Off-Center Strike Error | >50% off-strike | Up to $150 |
The bottom line is that the 1974 quarter value may appear common at first glance, but its high mintage and mint markings drive its worth for collectors and investors. It is also notable that these quarters, with 1.57 billion coined, are quite plentiful and hold little value unless they happen to be rare or flawed.
Knowing the various types, such as no mint mark, Denver, and San Francisco proof coins, will be helpful for you whether you are selling or buying in estimating the true value of your coin. Besides this, extremely rare minting errors, such as off-center strikes or clipped planchets, increase the value of the coin immensely.
Well, if you have a 1974 quarter, now may be the time to give it a second look because it may be well worth more than you think in your collection!
Despite their apparent value of $0.25, 1974 quarters are practically junk. However, a mistake can make these relatively contemporary coins far more valuable. Keep an eye out for uncommon but intriguing faults like doubled dice, clipped, and off-center strikes, as these can increase the amount you receive for your 1974 quarters.
As of September 2024, the NGC Price Guide states that the value of a 1974 Washington quarter in circulated condition ranges from $0.30 to $0.85. On the open market, however, flawless, uncirculated 1974 D Quarters can get up to $275.
Affiliations
Copyright BOLD Precious Metals 2024
