1962 Quarter Coin Value: The 1962 Washington quarter holds a special place in numismatic history, being one of the last silver quarters minted before the composition change in 1965. While many of these coins carry minimal value, certain rare errors, high-grade specimens, and mint mark varieties can command significant prices. This guide explores the value of the 1962 quarter, including D and no mint mark versions, proof coins, and notable errors.
1962 Quarter Value Chart
| Condition | 1962 Quarter (No Mint Mark) | 1962 D Quarter |
|---|---|---|
| Good | $7 | $7 |
| Very Good | $7 | $7 |
| Fine | $7 | $7 |
| Very Fine | $7 | $7 |
| Extra Fine | $8 | $8 |
| AU 50 | $8 | $8 |
| MS 60 | $11 | $11 |
| MS 65 | $28 | $36 |
| PR 65 (Proof) | $17 | / |
History of the 1962 Washington Quarter
The Washington quarter was first minted in 1932 to honor the 200th anniversary of George Washington’s birth. The design, created by John Flanagan, features a portrait of Washington on the obverse and an eagle clutching arrows and olive branches on the reverse.
By 1962, the coin’s composition remained 90% silver and 10% copper, making it valuable for its silver content. Production occurred at two major mints: Philadelphia (no mint mark) and Denver (D mint mark).
1962 Washington Quarter Mintages
| Location | Year | Mintage |
|---|---|---|
| Philadelphia | 1962 | 36,156,000 |
| Denver | 1962 D | 127,554,756 |
| Philadelphia | 1962 Proof | 3,218,019 |
Total mintage: 130,772,775 coins
1962 Quarter Features and Specifications
- Metal Composition: 90% Silver, 10% Copper
- Silver Weight: 5.623 grams (0.1808 troy ounces)
- Total Weight: 6.25 grams (0.2009 troy ounces)
- Diameter: 24.3 mm
- Thickness: 1.75 mm
- Edge: Reeded (119 reeds)
1962 No Mint Mark Quarter Value
The 1962 quarter minted in Philadelphia bears no mint mark. With over 36 million coins produced, these quarters are common in circulated conditions.
- Good to Extra Fine: $7 to $8
- MS 60: $11
- MS 65: $28
- MS 67: $2,250
- MS 67+ (Auction Record): $26,400 (2019)
1962 Proof Quarter Value
Philadelphia produced over 3.2 million proof quarters in 1962. These coins are often characterized by their mirror-like finish and sharp details.
- PR 65: $17
- PR 69: $40
- PR 70: $322 (Auction Record – 2002)
- Deep Cameo PR 69: $450
1962 D Washington Quarter Value
Denver minted over 127 million quarters in 1962, significantly more than Philadelphia. These coins are distinguishable by the “D” mint mark located beneath the eagle’s tail feathers.
- Good to Extra Fine: $7 to $8
- MS 60: $11
- MS 65: $36
- MS 67: $3,000
- MS 67+ (Auction Record): $18,400 (2012)
Rare 1962 Quarter Errors and Varieties
Error coins can greatly enhance the value of 1962 quarters. Some of the most notable errors include:
1. Doubled Die Obverse (DDO):
- Doubling often appears on the words “IN GOD WE TRUST.”
- Value Range: $25 to $70 in circulated grades, up to $3,290 in MS 66+.
2. Re-punched Mint Mark (RPM):
- Re-punched “D” mint mark showing doubling.
- Value: $100 to $495, depending on grade and clarity.
3. Clipped Planchet:
- Coin appears to have a missing piece due to a minting error.
- Value varies based on size and location of the clip.
Where to Sell 1962 Washington Quarters?
Collectors and investors can sell their 1962 quarters through several avenues:
- Online Coin Dealers: Sites like eBay, Heritage Auctions, and GreatCollections.
- Local Coin Shops: Ideal for quick sales but may offer lower prices.
- Coin Shows and Expos: Connect with collectors for higher offers.
- Precious Metals Buyers: For coins valued primarily for their silver content.
FAQs About 1962 Quarter Coin Value
Q1: Are all 1962 quarters valuable?
Not all. Most circulated coins hold minimal value, but uncirculated, proof, and error coins can be worth significantly more.
Q2: How can I identify a valuable 1962 quarter?
Check for high-grade specimens, errors like DDO and RPM, and proof coins with cameo or deep cameo finishes.
Q3: Are 1962 quarters still in circulation?
Yes, but most are heavily worn and valued primarily for their silver content.
Conclusion
The 1962 Washington quarter remains a popular collectible due to its silver content and potential for valuable errors. Whether you own a no mint mark coin, a D-mint specimen, or a proof version, understanding the coin’s condition and rarity can significantly impact its market value. If you’re looking to buy or sell, consider seeking professional appraisal to determine the most accurate value.
