1/22/2024 0 Comments Silver quarter yearsBut his selection wasn’t without controversy.Īs the bicentenary of Washington’s birth drew near, plans were put in place to mark the occasion. The image was the work of an artist called John Flanagan. It shows a bust of George Washington in profile, facing to the left. The obverse (or “heads” side) of the Washington quarter is responsible for its nickname. Related Post: 23 Most Valuable State Quarters Worth Money Features of the 1942 Quarter The Obverse of the 1942 Quarter Maybe the large mintage meant collectors didn’t expect it to become valuable, so fewer coins were stored carefully away. But despite this, the number of coins known to exist in “gem” condition (MS65 or above) is surprisingly low. It was the first mintage of Washington quarters to break the 100 million mark. And over 21,000 proof coins were struck at the Philadelphia mint too. Almost 140 million Washington quarters were struck at Philadelphia, Denver and San Francisco. The mint facilities were kept very busy in 1942. On coins struck after 1965, you may well see the copper coming through where the plating has worn away. The 1942 coin will be silver all the way. The new coin used a recipe that’s still in place today – a copper core with a cupronickel cladding that gives it a silver color.Īside from the date, you can often distinguish a 1942 quarter from later coins by looking at the edge. In 1965, silver was removed from the Washington quarter. The composition was to remain the same for over thirty years, and all 1942 quarters are mostly silver. The remainder was copper, designed to add strength. The coins made in 1932 were struck on planchets that were 90 per cent silver. The first president of the United States of America is shown on the obverse. The first Washington quarters were produced to mark the bicentenary of George Washington’s birth. And with Washington quarters still being made today, it’s one of a long series of coins. The 1942 quarter was struck a decade after the first Washington quarter rolled out of the coin presses. Ready to learn more? Let’s get started! 1942 Quarter Value Chart And we’ll find out more about the history and key features of this interesting coin. That’s what we’re here to investigate! We’ll look at the 1942 quarter value, and the factors that influence it. But is it valuable? And what marks an interesting coin out from a standard one? For example, with the 1/2 troy ounce rounds found in our new Silver Barter Bags, you only need to know the spot price of silver and divide it by 2 to figure out the value of a single round.The quarter that was struck in 1942 is nicknamed the Washington quarter. 9999 pure silver and clearly labeled.īecause of this, their value is far easier to calculate. These are privately minted rounds that come in weights such as 1/2, 1/4, or 1/10 of a troy ounce. If you’re dealing with someone unfamiliar with the use of silver, then the transaction can become even more tedious as you walk him or her through the process.Ī much more straightforward alternative to junk silver is fractional silver rounds. Of course, for most people, doing these sorts of calculations on the fly is cumbersome and they’d prefer to use a calculator. If you’re doing a bigger transaction with junk silver, you might want to add the value of the copper to your calculations. Keep in mind that the other 10% of these coins is composed of copper, which is also an expensive metal, if relatively cheap compared to silver. You can do these same calculations for the silver quarter when you know that it weighs 6.25 grams, about 20% of a troy ounce:Īt a silver spot price of $20, a pre-1965 silver quarter is worth about $3.60. If the dime were 100% silver, it would be worth about $1.60.Īt 90% silver, the Mercury dime is worth about $1.44 when the silver spot price is $20. A Mercury dime contains 90% silver and weighs 2.5 grams. The spot price reflects troy ounces, which measure about 31.1 grams. Let’s start by using the round number of $20 for the silver spot price. Some clients have asked us to walk them through the process of calculating the actual value these old coins. The scarcity indicates people are stockpiling, and so it might not be long before you get the opportunity to actually transact some barter business with junk silver. You may have heard of the increasing scarcity of “junk” silver, which generally refers to pre-1965 US dimes, quarters, and half-dollars that contain 90% silver. How Do I Calculate the Value of Junk Silver Coins?
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