1967 Quarter: Value, History, and Errors

1967 Quarter: Value, History, and Errors
Posted on June 25, 2024 by BOLD Precious Metals
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Are you wondering how much your 1967 Washington quarter is worth? You've arrived at the ideal place.

Washington quarters honor George Washington, the nation's first president, and are historically significant coins even though they are not particularly rare.

The US Mint had to make several changes to this coin during a period of severe coin scarcity to prevent collectors from hoarding silver coins for their melt value.

Continue reading to find out more about the 1967 quarter value and hundreds of dollars worth of errors!

Let's get going!

    1967 Quarter Value

In mint condition, the 1967 Washington quarter is valued between $7.50 and $10. A circulation strike in higher mint state grades can be valued between $25 and $150.

The rarest coins in the upper echelon, grades MS-68 and above, can sell for several hundred to more than a thousand dollars. The complete price chart for the 1967 quarters is shown below. These various 1967 quarter-dollar coin varieties will be covered in more detail in the sections of the article that follow.

  • 1967 Quarter Proof Value:
  • The US Mint did not issue standard-proof coins at that time because of an ongoing coin shortage. Instead, it released a three-piece set that included quarters, nickels, and dimes in each denomination. Of the special mint set, only 1,863,344 were produced.

    With this action, the Mint concentrated its efforts on creating coins that are in high demand and necessary for daily transactions.

    Mint Set quarters, with matte frosted surfaces, were created exclusively for collectors and are not intended for use in commerce.

    When graded PF60, a Washington quarter from the Special Set may be worth roughly $2.50, but when graded MS66 and higher, the coin may be worth as much as $150.

    IssueMS-65MS-66MS-67MS-68MS-69
    1967$10$25$150$6250N/A
  • 1967 SMS Quarters:
  • Technically, Washington quarters from 1965, 1966, and 1967 are not established. Instead of producing proof coins for the years 1965–1967, the US Mint produced a small quantity of Special Mint Sets (SMS). These sets, like the proof mint sets that many collectors are accustomed to, contained one coin of each denomination.

    Compared to the usual mirrored-proof version, the SMS quarters have more of an uncirculated matte finish, with some having frosted devices. The San Francisco Mint produced all of the 1967 SMS quarters, but only 1,863,344 were minted in total.

    For grades MS-65 and up, an SMS example of the 1967 quarter brings in $10 to $15. The cost of MS-69 is as much as $150.

    IssueMS-65MS-66MS-67MS-68MS-69
    1967 SMS$10$15$20$40$150

  • Cameo Quarters:
  • Prices, however, increase dramatically if the coin is awarded the far rarer "Cameo" or "Deep Cameo / Ultra Cameo" designation. The MS-69 Cameo coin and the MS-68 Ultra Cameo coin (abbreviated "UCAM") can fetch well over $3,000 at auction.

    The coin's deeper reflectivity, which creates a striking contrast between the background and the relief elements (the raised portions of the design), is described by the Cameo and Ultra Cameo descriptors. While regular proof coins frequently exhibit this effect, Special Mint Set coins hardly ever get such grades.

    IssueMS-65MS-66MS-67MS-68MS-69
    1967 SMS CAM$30$40$550$150$1900
    1967 UCAMN/A$250$600$3400N/A

    History of 1967 Quarter

History of Proof Coins

1960s Coin Shortage: Rising silver prices led to hoarding of coins.

1964 Coins: Produced into 1965, depleting silver reserves.

Silver Price Surge: President Johnson replaced silver in nickels and quarters with copper-nickel.

1965-1967: New coins with copper plating, no mint marks to prevent hoarding.

1968: Mint marks reintroduced.

1967 Quarter: Highly collectible due to lack of mint marks, harder to grade.

The Washington quarter has a rich history. It was first minted in 1932 to commemorate the 200th anniversary of George Washington's birth. Since then, it has been minted annually.

During the early 1960s, the United States faced a coin shortage and increasing silver prices, leading to widespread hoarding of coins, including the Kennedy half dollar, nickels, and cents.

In response to the scarcity, the US Mint continued to produce 1964 coins well into 1965. However, this had the unfavorable effect of exhausting the Treasury's silver reserves.

The spot price of silver reached such a high that the president at the time, Lyndon Johnson, stopped using silver to make nickels and quarters. Rather, a copper core covered in a layer of copper and nickel would make up the new coins.

In 1965 and 1967, when there was a shortage of coins, the Mint produced new coins with copper plating and no mint marks to discourage hoarding. In 1968, mint marks were once again used.

Thus, collectors find the 1967 quarter to be highly sought after due to its absence of mintmarks. However, this peculiarity may also make grading these coins more difficult than grading their forerunners and successors.

    Rare 1967 Quarter Error List

There are several instances of minting errors in the 1967 quarter. While some errors are worthless, others can significantly boost a coin's value, particularly when it is in mint condition.

The following are a few of the most significant 1967 Washington Quarter mistakes:

  • 1967 Struck on Nickel Planchet Quarter Error:
  • In 1967, a few quarters were inadvertently struck on nickel planchets, which are smaller than quarters. The small nickel planchet could not accommodate the entire die used to strike quarters, causing part of the quarter to be missing. This type of error carries a value ranging from $130 to $160.


  • 1967 Struck-On Copper Quarter Error:
  • This mistake happened when a 1967 quarter die was used to strike a planchet with a rim. This produced two distinct features: a reddish-brown color, a smooth edge, and a quarter that was missing a portion of its rim. This is a rare error that can be worth anywhere from $90 to $150, depending on how well the coin is preserved.


  • 1967 Struck On 10-Cent Dime Planchet Quarter Error:
  • To strike a dime, mint employees used a quarter die. Since a dime is marginally smaller than a quarter, this mistake causes a significant portion of the coin—including the president's portrait and some text—to be absent. Because so much of the coin is missing, this error is not very common. Having said that, you should budget about $100 for this coin error.


  • Off Center Strikes:
  • Another common mistake in the 1967 quarter series is the off-center strike. The edge of one side of the coin is smooth, and the image seems less centered because the die struck the blank planchet off-center. The majority of strikes that occur off-center have a 20–30% deviation.


  • 1967 Quarter Clip Error:
  • There are curved clipped errors in the 1967 quarter series. These happen when the planchet-cutting machine strikes it twice. A section of the coin can be clipped or cut out by the machine, and then it can be punched to create a clipped quarter. This interesting error coin has a $400 market value.


    The Most Valuable 1967 Quarter

The 1967 Quarter with the Highest Value, from $8,813 to $4,800

There is only one coin from Washington 1967 listed in MS68 quality by the PCGS grading company.

This rare and valuable copy brought in $4,800 at an auction in January 2020. Although this sum appears high at first glance, it is less than the $5,040 spent in June of last year on the identical 1967 Washington quarter MS68 copy.

However, an auction in January 2017 that brought in $8,813 set a record for this quarter's payment in MS68 quality.

To put it briefly, this particular MS68 has had its value cut in half in just three years.

Seven copies in MS67+ PCGS quality are listed in the catalog. The fortune of these copies' prices in various auctions over the past few years has varied. The winner paid $5,170 in September 2016, and in 2017, the prices dropped to between $494 and $517. In 2018, an auction paid $788 for one of these seven copies.

Conclusion

In a nutshell, the 1967 Washington Quarter holds a special place in coin collectors' hearts due to its historical significance and unique errors. Although it is not rare, certain mint condition coins and error coins can be quite valuable.

Whether you're a seasoned collector or just starting out, understanding the history and value of these quarters can be fascinating and rewarding. So, keep an eye out for these coins, as you never know when you might find a hidden treasure in your pocket change!

BOLD offers 90% silver mixed circulated Washington quarters in loose bags, plastic tubes, and canvas bags, allowing you to enhance your collection with a historical touch. Get yours today!


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