Could a humble quarter hiding in your pocket change be worth nearly a million dollars? It might sound unbelievable, but a couple of rare U.S. quarters have fetched jaw-dropping prices at auctions, reaching values of $900,000 or more. These coins are sought after by collectors for their rarity, historical significance, and unique features. In this article, we’ll dive into two extraordinary quarters that have made headlines and show you how to identify them.
The 1796 Draped Bust Quarter
The 1796 Draped Bust quarter is one of the most coveted coins in American numismatics. As the first-ever quarter minted in U.S. history, it is a rarity, with only about 6,000 produced. The design features a bust of Lady Liberty on the obverse and an eagle surrounded by a wreath on the reverse. Due to its age and limited mintage, finding one in excellent condition is exceptionally rare.
Auction records show high-grade 1796 Draped Bust quarters selling for upwards of $1 million, but even lower-grade examples can fetch tens of thousands of dollars. Key identifiers include the distinctive “Draped Bust” Liberty and the absence of the familiar “In God We Trust” motto, which wasn’t introduced until later years.
The 1932-D Washington Quarter
While not as old as the Draped Bust, the 1932-D Washington quarter is a modern rarity. This coin was part of the first series of Washington quarters and was minted in small quantities—only about 436,800 coins were struck at the Denver Mint. The 1932-D is particularly valuable in mint-state condition, with pristine examples selling for over $90,000.
To identify a 1932-D quarter, look for the “D” mintmark located on the reverse, beneath the eagle. Additionally, inspect the coin’s condition. Quarters with sharp details, minimal wear, and no damage are significantly more valuable.
The 1796 Draped Bust and 1932-D Washington quarters are two shining examples of how rare coins can hold immense value. If you have old quarters lying around, it’s worth taking a closer look. A simple discovery could turn into a life-changing find. Always handle rare coins with care, and consider having them professionally appraised or graded to unlock their full potential at auction.
FAQ’s:
1. How do I know if my quarter is valuable?
Start by identifying the year, mintmark, and condition. Rare dates, low mintages, and excellent condition often signal value.
2. Where can I find the mintmark on a quarter?
The mintmark is usually located on the reverse (back) side, near the bottom, below the eagle or wreath.
3. Should I clean my rare coins?
No. Cleaning coins can significantly reduce their value. Collectors and graders prefer coins in their original state.
4. How can I get my quarter appraised?
Take it to a reputable coin dealer or have it graded by professional services like PCGS or NGC.
5. Are all old quarters valuable?
Not necessarily. While age can add value, rarity, minting errors, and condition are more critical factors.
