Exploring the Value and Types of 1964 Quarters

Exploring the Value and Types of 1964 Quarters
Posted on May 11, 2024 by BOLD Precious Metals
Share

Henry and Mia, two friends, had a passion for collecting rare and valuable coins. They were eager to learn more about them and frequently assisted one another in growing their collections.

They were discussing coin collecting when they came across the 1964 quarter value, so they went on exploring it. So, one of the parts of the discussion was:

Henry: Hey Mia, I was thinking of expanding my collection with the 1964 quarter coins. Do you have any quarter coins in your collection?

Mia: No, what’s the point of adding these 25 cents to my collection?

Henry: I know most state quarters are worth only 25 cents, but Washington quarters produced before 1965 are made of 90% silver and are worth more than their face value.

Henry continued by stating that the highest known grade for a 1964-D quarter was $38,400, which was sold in March 2021 in MS 68 grade.

Mia: I thought all the quarter coins were made of zinc or copper.

Henry: No! 1964 was a landmark year for collectors and investors because it was the final year for silver coins in circulation.

Mia: ohh, that sounds interesting! But where can I find these 1964 Quarter coins?

Henry: You can look for quarters in bank rolls, old collections, and family jars. You can also ask tellers if they have any leftover wrapped rolls from before the mid-1960s.

Mia: I think this 1964 quarter can add some aesthetic to my collection, but first, I’ll have to do thorough research about the 1964 Quarter value and how its grading is done.

If you are interested in learning more about the 1964 Washington Quarter value, then read this article further and make an informed decision about expanding your collection.

     What Makes a 1964 Quarter Unique?

Banner

Firstly, the 1964 Washington Quarter would be the last one to be struck in silver, which is a very important fact. This transition is related to the fact that the Mint of the US switched to the copper-nickel alloy for its quarters (as well as other coins) only in 1965. Therefore, the 1964 quarter value is more than 25 cents worth, and they contain 90% silver and 10% copper.

Moreover, 1964 was the Philadelphia Mint's last year to strike the Washington quarter. The Denver Mint was responsible for the manufacture of Washington quarters proceeding 1965. For that reason, that coin from Philadelphia, which was made in 1964, is also a great collector's item.

Finally, significant alterations to the Quarter's design were lastly made in 1964. The words "In God We Trust" were added to the reverse in 1965, and an eagle was added to the obverse. Thus, if you possess a Quarter from before 1964, that is truly unique!

     1964 Quarter Grading

Coins that are in circulation are typically ranked from PO-1 (poor) to MS 70 (mint state). However, the mint also produces collectibles, such as special strikes (SP/SMS) and proof coins (PR/PF).

Two more categories are uncirculated and satin-finish. Coins that are not circulated lack a proof finish; however, if their grades are sufficiently high, they can also be categorized as Gem, Choice, or Brilliant.

ConditionGrade
1Basal State-1
2Fair
3Very Fair
4, 5, 6Good
7, 8, 10Very Good
12, 15Fine
20, 30Very Fine
40Extremely Fine
50About Uncirculated
60Mint State
65Mint State
70Mint State

     Types and Value of 1964 Quarters

Banner

1) 1964 D Quarter Value

The condition of the coin is the most crucial factor that determines the 1964 D Quarter's value. In 1964, the Denver Mint struck 704,135,528 quarters, each has the D Mint Mark. The highest known grade, MS 68, was sold on March 31, 2021, for $38,400.

So far, only two samples have surfaced. The price estimate falls to $1,700 when 21 coins are graded MS 67+, which is a half step down. Not to put too fine a point on it, but the coin is worth $475 a quarter of that in MS 67.

CoinAU55MS65MS65+MS66MS67MS67+MS68
1964-D Quater Value$7$30$40$60$465$1700$38500
1964-D Type C Quarter Value$90$575$700$2,350

2) 1964 Quarter Value No Mint Mark

A Quarter Value for 1964 A coin with no mint mark may be worth anywhere from $6 to $65, depending on how well it is preserved. A 1964 quarter with no mint mark specifies that it was manufactured at the Philadelphia Mint.

The mint in Philadelphia produced 560,390,585 coins in 1964. An MS 67 cost $7,188 in January 2004. PCGS has got 50 coins in this grade, and this is the highest price ever recorded.

As a result, their projected price for 2023 is now $700. Twelve MS 67+ coins are known to exist, nevertheless. One of them sold for $3,840 in October 2022, but by January 2023, the value had dropped to $960.

The current PCGS value estimate is $3,750.

CoinAU55MS65MS65+MS66MS67MS67+
1964 (p) No Mint Mark Quarter Value$7$36$42$55$7188$3840
1964 (P) Type B Quarter Value$20$110$160$450

3) Proof 1964 Quarter Value

Quarters featuring mirrored proofs were struck in 1964. This indicates that while the apparatus was frosted with an acid wash, the die's field had a mirror-like polish. The planchet was pre-burnished in a container of stainless steel balls previous to striking, just like all proof coins.

To guarantee design clarity, the coin is additionally struck with additional force. Coins with deep cameos have the most contrast.

Banner

The initial batch of coins, typically ranging from 50 to 100 pieces, usually displays a sharp contrast between the field and the device, signifying their status as Proof coins. As more coins are produced, the contrast between the field and the device begins to diminish, resulting in what is known as Cameos.

Eventually, the final coins leave the press as regular proofs. It is customary for proof coins to be manufactured in San Francisco, but the branch was closed from 1955 to 1965, so the 1964 Proof Quarters were produced in Philadelphia without any mint marks.

Additionally, the sales record as of right now is $1,150 for a PR 68 on March 2, 2006. Coins with cameos sell a little better; on February 13, 2008, an NGC-graded PR 70 CAM sold for $2,185.

Furthermore, Deep Cameos are marginally more valuable. On May 27, 2021, a sample PR 69 DCAM sold for $2,350. There have been about 100 Deep Cameos graded.

CoinPR/Sp62PR/Sp65PR/Sp66PR/Sp67PR/Sp68PR/Sp69PR/Sp70
1964 Proof Quarter Value$8$15$20$26$1,150$2,350$2,185

4) 1964 (S) Special Mint Set Quarter Value

Since the mint had no intention of producing proofs, Special Mint Sets, also known as Special Strikes (SMS or SP), were prepared beginning in 1964.

The results weren't as shiny as the proofs because they didn't have time to pre-burnish the blanks. Moreover, SMS coins were only struck once at high force, in contrast to proofs.

The field and device of SMS coins were satin-finished to set them apart from proof coins. Twenty to fifty of these coins were struck at the San Francisco Mint in 1964, but not a single one bore a mint mark. This coin's sales record was only recently set.

A 2023 SP 67 sold for $23,400 on February 12th. There is only one known SP 68, but thirteen known SP 67s.

CoinPR/Sp60PR/Sp62PR/Sp65PR/Sp66PR/Sp67PR/Sp68
1964 Proof Quarter Value$1250$1350$7250$9000$23400$25000

     1964 Rare Quarter Error Value

Banner

1) 1964-D Repunched Mint Mark Errors (RPM FS-501 And FS-502)

Since mint marks were once manually applied, the puncher's hand could tremble. Underneath, remnants of the previous impression are visible.

It comes in two varieties and is written as D/D (D over D). A 1964-D/D RPM graded MS 66 that PCGS values at $450 and sold for $10,000 on eBay in April 2022. In May 2019, an AU 58 FS-502 cost $288.

Mint Mark VarietyDateGradeSale Price
1964-D/D RPMApril 2022MS 66$10,000
1964-D/D RPMApril 2022MS 66$450
1964-D/D RPMMay 2019AU 58$288

2) 1964 Doubled Die Obverse Errors (DDO FS-101)

When the die moves between the first and second hub strikes, DDOs occur. As a result, the second imprint appears in a somewhat different location, and this mistake is replicated on each coin produced by the die.

In April 2018, an MS 65 Philadelphia DDO brought $228 at auction. Its Denver counterpart performed better in the same grade. In June 2018, an eBay vendor sold a 1964-D DDO for $500.

Error TypeDateGradeSale Price
DDOApril 2018MS 65$228
DDOJune 2018MS 65$500

3) 1964 Doubled Die Reverse Errors (DDR FS-801 To FS-804)

DDRs and DDOs are comparable, but the error happens on the reverse die. Four DDRs (FS-801, 802, 803, and 804) were discovered in the first thirty days of the 1964 Quarter.

In June 2014, the graded MS 65 value of a 1964-D DDR coin from Denver was $385. An MS 65 on 1964 Philadelphia Quarters was valued at $876 in 2020 (FS-803), $1,920 in 2021 (FS-801), and $978 in 2012 (FS-804).

Error TypeDateGradeSale Price
DDRJune 2014MS 65$385
DDR2012MS 65$978
DDR2020MS 65$876
DDR2021MS 65$1920

4) 1964-D Quarter With 1965 Reverse

Coins can occasionally have their obverses paired with their reverses. When the dies get mixed up, especially in transitional years, this mint error occurs.

When clad cupronickel quarters replaced silver ones in 1965, some 1964 obverses were struck with 1965 reverses. The MS AU 58 example was sold for $140.

Mint ErrorGradeSale Price
Observe/Reverse MismatchMS AU 58$140

Closing Thoughts

Namely, because it was the last among the silver quarters that were mass-produced for public use, the 1964 Quarter is surely a valuable addition to the history of coin collecting.

Its unique and historical status (as the last George Washington silver quarter) and its sudden change to copper-nickel in 1965 make it very valuable for collectors and investors, respectively.

There is a wide range of values and rarity levels available for the different 1964 Quarter coin types, including proof, special mint set, and coins with mint marks.

Every 1964 Quarter coin conveys a different tale of American numismatic history, whether you're interested in the common issues, special mint errors, or proof variations.

Knowing the types and 1964 quarter value can enhance your numismatic endeavors, whether you're an experienced collector or are just getting started.

Cheers to your unique collections!


Related Blogs

Connect

Affiliations

Germani mintPress BurgGolden State MintscottsdalemintPerth mint Auscoin-dealers
cybersourcejvclegalngccoinpcgspaypal

Copyright BOLD Precious Metals 2024