Rare Washington Quarter Minting Error Could Be Worth Over $18,000

The hobby of coin collecting in the United States is growing day by day. Thousands of enthusiasts keep looking for rare coins that may have an unexpectedly high value. One of these is the 1962 Washington Quarter, which looks like a simple 25-cent coin, but due to a rare mistake, its price can reach more than $18,000.

How did this coin become so valuable?

In the 1960s, the US government changed the metal used in the manufacture of coins in view of the rising prices of silver. Before 1965, the Washington quarter was made of 90% silver and 10% copper, but later it started being made of copper-nickel alloy. However, during this change, some old silver planchets (metal sheets used to make coins) accidentally went into the minting machine, causing some 1962 quarters to be made of silver. This rare mistake is what makes these coins so valuable.

History of the Washington Quarter

The Washington Quarter was first issued in 1932 as a commemorative coin to mark the 200th birth anniversary of George Washington. It was designed by renowned sculptor John Flanagan. The obverse of the coin features a profile image of Washington with the words “In God We Trust” and the year below.

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The reverse features a giant eagle with its wings spread out and holding an olive branch. It also has the words “United States of America” ​​and “E Pluribus Unum.”

Why is a 1962 Washington Quarter worth over $18,000?

According to the United States Gold Bureau, some old silver planchets were accidentally used to mint 1962 quarters when the metal was being changed in the 1960s. This mistake was extremely rare, and because of this, the number of such quarters is extremely low.

The value of these types of coins depends on their condition and rarity. If a 1962 Washington quarter is made of silver and preserved in good condition, it can sell at auction for $18,000 or more.

How to tell if your coin is rare?

If you have a collection of old coins, you may have one of these rare coins.

• First, check the coin’s metal. Coins made of silver are shinier and heavier than those made of copper-nickel alloy.
• Use a magnet. Silver coins do not stick to a magnet, while some other alloy coins may have a slight magnetic response.
• If you have a rare 1962 quarter, contact a professional numismatist to authenticate it.

Could your coin be a hidden treasure?

If you have old quarters, check them carefully because it is possible that you have a rare coin that could be worth thousands of dollars. Coin experts say that a 1962 quarter that is made of silver and is in excellent condition can sell for a very high price at auction.

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The numismatics (coin collecting) market is constantly growing and coins with rare minting errors are in high demand. So, if you think you have a special coin, get it certified as soon as possible to ensure that you get its true value.

Conclusion

The 1962 Washington quarter is not just a 25-cent coin, but it is worth thousands of dollars because of this rare error. If you have a collection of old coins, you too may be the owner of a rare treasure. So, check your coins and your next quarter may sell for thousands of dollars at auction!

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