1967 Quarter Value: How Much Is Your Spare Change Worth?

Introduction

On a summer day in 1967, amidst the tumultuous events of the era, the United States Mint introduced a new iteration of its iconic quarter dollar: the 1967 quarter. Little did anyone know that this humble piece of coinage would become a sought-after collector's item, its value fluctuating over the years.

This comprehensive guide will delve into the world of the 1967 quarter, uncovering its unique characteristics, value, and factors that influence its worth. Whether you're an avid collector or simply curious about the hidden treasures in your pocket change, this article will provide all the information you need.

History of the 1967 Quarter

The 1967 quarter was the first year of the "Washington Quarter," which replaced the Walking Liberty Quarter that had been in circulation since 1932. The design featured a portrait of George Washington on the obverse and an eagle in flight on the reverse, both designed by renowned sculptor John Flanagan.

The 1967 quarter was struck at five different mints: Philadelphia, Denver, San Francisco, West Point, and New Orleans. Each mint produced its own distinct variety of the coin, with some being more common and others quite rare.

Design and Characteristics

The 1967 quarter is a copper-nickel clad coin, composed of 75% copper and 25% nickel. It weighs 5.67 grams and has a diameter of 24.3 millimeters.

Obverse: The obverse of the coin features a left-facing bust of George Washington, surrounded by the inscription "LIBERTY" at the top and "IN GOD WE TRUST" at the bottom. The date "1967" appears below Washington's bust.

Reverse: The reverse of the coin depicts an eagle in flight, with its wings outstretched and its talons clutching an olive branch and three arrows. The motto "E PLURIBUS UNUM" appears above the eagle, and the legend "UNITED STATES OF AMERICA" wraps around the circumference of the coin. The mint mark is located to the right of the eagle's left wing.

Mintage and Rarity

The total mintage of the 1967 quarter was 1.2 billion coins, with the following breakdown by mint:

Value of the 1967 Quarter

The value of a 1967 quarter varies depending on its condition, mint mark, and rarity. Here's a general breakdown:

• Circulated: Common and circulated 1967 quarters are worth $0.25 in face value.
• Uncirculated: Uncirculated 1967 quarters in excellent condition can fetch between $1 and $5.
• Proof: Proof 1967 quarters, which were struck with special dies and intended for collectors, are worth $10-$20.
• Rare Varieties: Certain rare varieties of the 1967 quarter, such as the "1967 SMS Doubled Die Obverse", can command a premium of $1,000 or more.

Factors Affecting Value

Several factors can influence the value of a 1967 quarter:

• Condition: The condition of a coin is the most important factor affecting its value. Circulated coins with scratches or wear are less valuable than uncirculated coins.
• Mint Mark: Coins struck at certain mints, such as the "W" (West Point) mint mark, are rarer and more valuable.
• Rarity: Some 1967 quarters were struck in smaller quantities, making them more valuable.
• Eye Appeal: The overall appearance of a coin, including its luster and strike, can also affect its value.

Benefits of Collecting 1967 Quarters

Collecting 1967 quarters offers several benefits:

• Historical Appreciation: The 1967 quarter represents an important piece of American history. Collecting it allows you to connect with the past.
• Monetary Value: Rare and valuable 1967 quarters can be a wise investment.
• Educational: Studying the different varieties of the 1967 quarter can teach you about the history of coinage and the mint.
• Fun and Enjoyable: Collecting coins can be a relaxing and enjoyable hobby.

Pros and Cons of Collecting 1967 Quarters

Pros:

• Historical Significance: The 1967 quarter is a historic coin that represents an important era in American history.
• Potential Value: Rare and valuable 1967 quarters can be a good investment.
• Educational: Collecting 1967 quarters can teach you about American history and coinage.

Cons:

• Cost: Collecting rare and valuable 1967 quarters can be expensive.
• Storage: Coins require proper storage to protect them from damage.
• Time-Consuming: Researching and collecting 1967 quarters can be time-consuming.

Stories and Lessons

Story 1:

In 2019, a rare 1967 quarter with a "Double Die Obverse" error was sold at auction for $111,625. This coin was an example of a doubled die error, which occurs when the dies that strike the coin are misaligned, resulting in a doubled image on one or both sides. This story highlights the potential financial rewards of collecting rare coins.

Lesson: Rare coin varieties can be very valuable. It's worth researching and examining your coins to identify any potential errors or varieties.

Story 2:

A young collector recently inherited a collection of 1967 quarters from their grandfather. The collection included several uncirculated coins, including a 1967 "W" mint mark quarter. The collector decided to sell the collection and used the proceeds to pay for their college education. This story demonstrates how coin collecting can be a rewarding and financially beneficial hobby.

Lesson: Coin collecting can be a valuable way to invest in your future.

Story 3:

An experienced coin collector spent years meticulously assembling a collection of 1967 quarters from each mint. The collection included rare varieties and uncirculated coins. The collector recently decided to sell the collection to a museum, where it will be preserved and enjoyed by future generations. This story showcases the historical and cultural significance of coin collecting.

Lesson: Coin collecting can connect you with history and allow you to contribute to the preservation of our cultural heritage.

FAQs

1. Are all 1967 quarters valuable?

Not all 1967 quarters are valuable. Common and circulated quarters are worth their face value of $0.25.

2. What mint marks are valuable on 1967 quarters?

"W" mint mark (West Point) quarters are more valuable than quarters from other mints.

3. How much is a 1967 "Double Die Obverse" quarter worth?

The value of a 1967 "Double Die Obverse" quarter varies depending on its condition and grade. Values typically range from $1,000 to over $100,000.

4. Where can I buy and sell 1967 quarters?

You can buy and sell 1967 quarters through online marketplaces, coin dealers, and local coin shows.

5. How can I tell if my 1967 quarter is rare?

Research different varieties of the 1967 quarter and look for any unusual markings or errors. Consult a coin dealer or grading service for professional evaluation.

6. Are 1967 quarters made of silver?

No, 1967 quarters are not made of silver. They are made of copper-nickel clad.

7. What's the most valuable 1967 quarter?

The most valuable 1967 quarter is the "1967 SMS Doubled Die Obverse" variety.