Remember, how we used to take a random coin when we needed to make a decision and play a round of heads or tails? The amount of excitement, while you wait to see which side it landed on, was unbearable. However, not all coins are suitable for random play, some are simply too special for tossing around.
The reality is that one of the most collectible US coins is a quarter. Due to its small denomination, people tend to oversee its true colors. Therefore, if you pay attention, you might find that the random quarter may look innocuous at first glance, but in reality, this coin is a true gem.
While most normal 1967 Washington quarters are only worth face value of $0.25 in circulated condition, there are some rare and valuable exceptions:
- For uncirculated common quarters, values range from $1 in MS63 up to $50 or more in MS67.
- Proof versions range from $4 in PR65 up to around $150 in grades like PR69 or PR70.
- The prime SMS specimens in grades like SP68 or SP69 can trade for $2,000 to $4,700 or more.
- Off-center and dramatic errors like those struck on cent planchets or 10c blanks can realize $400 to $2,100 based on the auction records provided.
- Rare one-off error types like the double struck blank listed have sold for $1,500+ at auction.
- The finest known 1967 quarters like the sole MS68 listed have achieved over $8,800 at auction.
So while most 1967 quarters are common, rare Proofs, special SMS pieces, unique errors, and supreme condition rarities certified by PCGS/NGC can be worth significant premiums ranging from hundreds to thousands based on authentication, eye appeal and the niche market. Overall, 1967 is a plentiful year but special coins exist.
Most collectible quarters are highly valued because of their rarity and unique features. That being said we decided to dedicate this article to this marvelous coin. In the following rows, you’ll learn about the 1967 quarter value, its origin, where you can trade it, and how you can determine its value.
What Makes 1967 Washington Quarter Valuable And Rare?
A lot of different elements can influence a coin’s worth. For instance, historical background, rarity, errors, and short circulation duration will make the biggest impact. Now why did we say this? Well, because the 1967 Washington quarter is one of the few coins that dominates in three out of the four above-mentioned categories.
What makes this series of Washington quarter special is the unique material composition used for minting. Due to the economic and historical events in that period, this was a turning point for the US Mint. The end result is significantly elevating the value of uncirculated 1967 quarters.
This coin is also sought-after among collectors because it has a wide variety of valuable errors, and we all know that error coins have all-star status in the collection. The bad news is that the 1967 quarters do not feature silver, they were instead minted from a copper-nickel clad.
The main features of the 1967 Washington Quarter coin
Let’s quickly go over some basic information about 1967 quarter coins. To be able to recognize a real from a fake coin you must know the main features.
Like all quarter coins the obverse side of the 1967 coin features a portrait of George Washington facing left. You’ll notice the word “Liberty” above his head and the date of minting is placed on the lower edge of the coin. The motto “In God We Trust” is placed on the left side below his chin.
On the reverse side, you can see an eagle with its wings stretched while standing on a bundle of arrows. Also, close to the lower edge, two curved olive branches are placed. Like on all other coins curving around the edge, you’ll see the written denomination. In this case “Quarter dollar”.
On the upper curving “United States of America” is written, and the Latin motto “E pluribus unum” is inscribed.
There are some other key features that will help you distinguish the real 1967 quarter. Keep in mind that the 1967 quarter was made from a clad composition that consists of 91% copper and 9% nickel. Also, the 1967 quarter does not have any mint mark!
1967 Quarter Value Guide
You all know that the quarter coin is pretty common in circulation due to its convenience. However, there are some varieties of Washington quarters that are worth at least a thousand times more than their face value.
One of these valuable coins is the 1967 quarter, but considering there are more than 1.5 billion coins minted that year, how will we know which one is rare and valuable? Luckily, this is the part where you’ll learn what you need to look for to score a good deal.
The US Mint, in addition to the regular coining, also minted SMS Quarter (Special Mint Sets). These coins were coined with much more care and feature a proof finish. Approximately 1.8 million SMS coins were minted in 1967.
But that is not all, there are three different quality types of SMS 1967 quarters and we divide them into three categories:
Other variants of the 1967 quarter that are pretty valuable are Double Die Reverse (DDR), and Double Die Obverse (DDO).
Why does the 1967 Quarter have no mint mark?
Let’s first remind ourselves why the mint mark is imprinted on the coin, shall we? The mint mark is a quality control technique used by US Mints to identify production mistakes, and specifications, and reveal where it was made.
As we know every Mint has a distinctive mark, only the Philadelphia Mint does not carry any mint mark. The presence or absence of a mint mark can affect a coin’s worth and collectivity, depending on the type and denomination of the coin.
In an attempt to discourage people from hoarding and collecting quarters, the US Mint removed mint marks on all quarters minted in the period from 1965 to 1968. In this period, America was deeply in coin shortage because people hold off their coins since they believed these coins will worth a lot more in the future. This was one of the main reasons why the US Mint stopped making quarters from silver as well.
Luckily, this strategy worked out, and without this distinctive symbol, there is no way to know where a coin came from, and what special features it has. This reduced the interest of collectors significantly.
1967 Quarter Error List
Error coins always sell for premium prices. Of course, the final price depends on the type of error, but you get the point. There are two main types of errors.
The ones that were caused by the machine operator where you end up with only a few damaged coins; those can be quite valuable. However, there are also coins that feature errors on the die itself, this is what we called varieties since there are hundreds if not thousands of coins with identical errors.
Coin errors are categorized by their location on the coin. Obverse errors are marked O, while errors on the reverse side are marked R. On some coins, you’ll notice errors where design elements on the coin seem to be doubled, tripled, or quadrupled.
Here is the list of the most common errors in the 1967 quarter:
- Double Die Obverse (DDO) – here the doubling on writings “Liberty” and “God We Trust” is easily visible.
- Double denomination – quarter coins end up struck on dime (10c), nickel (5c), or penny (1c) planchets, so the denomination imprints overlap.
- Double denomination – the quarter coin ended up minted on the wrong size planchet.
- Lining loss – this error is easily noticed when the inner copper layer is visible on the outside of the coin.
- Cut-out – when the coin is minted on the wrong size of the planchet the outer edges of the coin are truncated.
- Single curve clip – when the coin is clipped on;y on one side.
- Triple curve clip – when the coin is clipped on three sides.
- Missing obverse cladding – when a top layer on the front is missing completely.
- Strikethrough – the name explains it all. The blurred areas appear on the coin at the striking places.
Now don’t get too excited yet. Yes, error coins are valuable, but theta does not mean every one of them will bring you five to six-figure prices! Some coinage errors are worth “only” $20 or $30. If you aren’t sure your error is made during the minting process, or how unique it is the best thing you can do is to get your coin graded.
Now here is the list of the most valuable errors in the 1967 quarter coins:
- 1967 Doubled Die Quarter – This occurs when an additional image from a previous printing is transmitted on a quarter. You’ll notice this error on the engraved text on the 1967 doubled die quarters. For this, you will need very skilled eye and magnification equipment, this is why this error is valuable, since many people do not notice it.
- 1967 Rim Error Quarter – When you forcibly strike a quarter, the elevated rim will end up damaged. The coin with this error is the most valuable if it is in mint condition.
- 1967 Off-Center Error Quarter – This error occurs when the image after striking end up off-center. These errors are expensive since they don’t happen too often.
- 1967 Rim Oddity Quarter – This error is a deformed rim that occurs during the minting process as a result of blunt force damage. Depending on in which state the coin is, paired with this error the value can significantly rise..
- 1967 Clipped Planchet Quarter – This is a stamping mistake when the plate is slightly off. Meaning that the entire curved area of the quarter is missing. Considering how rare this error is, the coin with it can be sold for a small.
- 1967 Different Planchets – This occurs when Washington quarters end up minting coin planchets of other coin values. These errors are easily noticeable. For instance, a 1967 Washington quarter printed on a 1-cent planchet worth from $1,000 and up, depending on the condition of the coin. While issues minted on 5-cent and 10-cent planchets are estimated to be worth at least $500, that is two thousand the face value. Ain’t bad for such a small denomination!
- 1967 Cut-out Quarter – Clipping errors are very sought-after among collectors. They mostly prefer to collect parts that remain readable after the partial loss. A 1967 Washington quarter that is missing 30% of the coin is estimated to be worth $1,450!
Table of the most valuable 1967 Washington quarters
How Can You Determine The Value Of The 1967 Washington Quarter?
Well, the easiest and safest way to do that is to take it to a specialist for an appraisal. However, some people like to try to do this on their own first. Now if you have time and you learn fast, the first thing you should do is research the internet for coins that look similar to yours. There are three main factors that will increase the value of your 1967 quarter. Those are:
- Rarity – In the collector’s world everything rare is potentially highly valuable. However, we also know that sometimes even the rarest items fail to achieve high prices. When we talk about rarity, for coins this in most cases means the date of minting. The 1967 Washington quarters are well known as the first series with the changed minting composition.
- Errors – We don’t need to explain this a lot. If we talk about something in these articles that is how valuable error coins can be. When it comes to error coins no matter what type and denomination, make sure to take it to a specialist for appraising. An amateur collector will have a pretty hard time noticing an error.
- Condition and grade – No matter which collectible item you are willing to sell or buy, we are pretty sure you want it to look the best possible. Sometimes, a rare and unique coin won’t reach the real price tag because an owner didn’t take care of it properly.
In case you think you have a valuable 1967 Washington quarter in your possession, make sure you take it for professional grading to enhance your chances of selling them. Collectors are very pedant people, and they love buying items that come with a certification.
How does the grading system affect the value?
Numismatics use the Sheldon Scale when grading coins. This scale goes from poor (P-1) to perfect mint state (P-1) (MS-70). However, before the Sheldon scale numismatics originally evaluated coins by using words to reflect their condition such as Good, Fair, Excellent, Porrn, and so on.
There is no need to explain why this didn’t work the best. We all have different ideas about what Good in terms of the condition of coin means. This is why numismatics established some standards and made a Sheldon Scale. Here is the list of most common coin grades:
- (P-1) Poor – Damage to the point of indistinguishable. If the coin comes from circulation it must have a date and mintmark.
- (FR-2) Fair – The coin is flattened and smooth but without major damage. However, it must have enough visible detail to be identified.
- (G-4) Fair – Coins with this grade are without any major damages, but the inscriptions on them have merged into the rims in some areas. All the important elements have been mostly erased, but they can still be recognized.
- (VG-8) Very Good – All of the primary design elements are visible but faintly. There is no big damage, there is almost no central detail left.
- (F-12) Good – The coin show signs of wear. The overall design details remained clear and easily recognizable. On the other hand, rims are almost isolated from the field.
- (VF-20) Very Fine – You will notice some traces of wear. However, this coin has almost all major and finer features still clear. All letters of LIBERTY are readable, and on both sides of the coin, rims are separated from the field.
- (EF-40) Extremely Fine – Coins with this grade were rarely in use. All the elements are visible and bold. The finer details are bold and clear, however, light wear may be seen.
- (AU-50) Uncirculated – There are no signs of wear on the coin’s high points since these were never in circulation. However, there only may be some minor contact marks like tiny scratches. The eye appeal should be adequate.
- (AU-58) Uncirculated Choice – No signs of wear, no severe contact marks. This is almost a perfect coin, with full mint shine.
- (MS-60) Mint State Basal – Strictly uncirculated coins! No signs of wear on the coin’s highest points. What you may notice is reduced luster, visible small contact marks, hairlines, and other flaws.
- (MS-63) Mint State Acceptable – These are uncirculated coins with some minor contact scratches and nicks. Also, little reduced shine, and the strike is weak to average. All in all a coin in an almost perfect state.
- (MS-65) Mint State Choice – Uncirculated, has a great mint shine, and very little contact blemishes. A strike is unusually severe and the coin has exceptional eye appeal.
- (MS-68) Mint State Premium Quality – Uncirculated, superb luster, without any obvious contact marks to the naked eye. A strike is quick and has an exceptional eye appeal.
- (MS-69) Almost Perfect Mint State – Uncirculated, features a perfect brilliance paired with the sharp and appealing strike. The coin has an extremely good eye appeal. There might be minor imperfections in the planchet, strike, or contact markings but they can only be seen under 8x magnification glass.
- (MS-70) Mint State Perfect – There are no tiny imperfections even under the magnifying glass. The strike is crisp, the coin is perfectly centered on a beautiful planchet, bright, and with original luster. Exceptional eye appeal.
Where Should I Look For 1967 Washington Quarters?
To find a rare and valuable coin you must be very dedicated. These coins are pretty hard to catch, and if and when you do they will cost you a lot. Therefore, if you are willing to pay large amounts of money to own a coin, you need to make sure you get the real deal and not a fake metal round thing.
Avoid being scammed by hiring an expert to help you out. Sometimes, even the well-experienced collectors will have a hard time spotting the difference between real and fake coins, especially when errors are involved.
It is crucial to focus on finding the best dealer or auction house on the market. We can’t emphasize enough that your first option should always be a reliable auction house or reputable coin web pages such as Heritage Auctions, PCGS, Coins For Sale, or Littleton Coin Company.
Please, also check the pages such as eBay, Etsy, and LiveAuctioneers to collect the necessary information like, demand, and the price range. But if you can, avoid trading there if you don’t have any reliable sources. If some rare gem appears there, and you end up in a “now or never” situation check the feedback and research the dealer properly. Always consult with your mentor or specialist!
Are there any 1967 quarters made from real silver?
No, all 1967 quarters are made from clad composition copper-nickel. As you know due to the inflation in 1965 the price of silver exceeded the face value of a US quarter dollar. This is why the government decided to switch to a new composition and save up some money.
What is the oldest quarter-dollar coin?
The first quarter made by the U.S. Mint in 1796 was made from silver. This first quarter coins featured a Lady Liberty on the obverse side, and an eagle on the reverse side. Before they replaced Lady Liberty with George Washington, they featured a Standing Liberty on the reverse side from 1916 until 1930.
You Don’t Want To Flip This Coin
As you can see most of the 1967 quarter dollar coins are worth only their face value. However, if you are an avid coin collector then you know how important it is to have all G. Washington quarter coins in your collection, no matter how valuable or not they are.
Hopefully, this article answered at least some of your burning questions and helped you figure out how to handle your precious coins. In case you know some information that we didn’t mention here, please do not hesitate to share your opinions and advice in the comment section below.