1967 Quarter Value Guide: Is No Mint Mark Rare?

Introduction

Have you ever come across a 1967 quarter without a mint mark and wondered about its worth? You're not alone. Many coin collectors and enthusiasts are curious about the value of these coins. In this guide, we'll delve into the specifics of the 1967 quarter, exploring its history, design, and, most importantly, its potential value. We'll also address the common misconception about the rarity of quarters without a mint mark and provide you with the information you need to assess the value of your coin.

History and Design of the 1967 Quarter

To understand the value of a 1967 quarter, it's helpful to know its historical context and design. The 1967 quarter is part of the Washington quarter series, which has been in production since 1932. The coin features George Washington on the obverse (front) and an eagle with outstretched wings on the reverse (back). 1967 was a significant year for U.S. coinage as it marked the end of silver coinage in circulating U.S. currency. The Coinage Act of 1965 eliminated silver from dimes and quarters, replacing it with a clad composition of copper and nickel.

Key Design Features

The obverse of the 1967 quarter features a portrait of George Washington, designed by John Flanagan. The words "LIBERTY" and "IN GOD WE TRUST" are inscribed along the top and bottom edges, respectively. The year "1967" is located at the bottom. The reverse depicts a heraldic eagle with outstretched wings, an olive branch, and arrows, symbolizing peace and defense. The inscriptions "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" are present, along with the denomination "QUARTER DOLLAR." The absence of a mint mark on some 1967 quarters is a key factor in determining their value, which we will explore in more detail.

Understanding Mint Marks

Mint marks are small letters that indicate where a coin was produced. In the United States, the main mints are Philadelphia, Denver, and San Francisco. A mint mark can significantly influence a coin's value, especially for collectors. However, the 1967 quarters produced in Philadelphia do not have a mint mark, leading to a common misconception about their rarity.

Common Mint Marks and Their Locations

• P: Philadelphia (but often absent on coins from this era)
• D: Denver
• S: San Francisco

The mint mark, if present, is typically found on the obverse of the coin, just to the right of George Washington's portrait and above the last two letters of "DOLLAR." For the 1967 quarters, coins produced in Denver have a "D" mint mark, while those from Philadelphia do not have a mint mark. This absence of a mint mark does not automatically make a 1967 quarter rare.

The Truth About 1967 Quarters Without Mint Marks

Many people mistakenly believe that a 1967 quarter without a mint mark is rare. This misconception arises from the fact that coins without mint marks are sometimes more valuable, especially in older series. However, in 1967, the Philadelphia Mint produced a large quantity of quarters – over 1.5 billion – without mint marks. This high mintage means that these coins are not particularly rare in circulated condition. — Part-Time Jobs In Huntsville, AL: Find Your Ideal Role

Why the Misconception?

The confusion often stems from a lack of understanding about mint marks and mintage figures. Collectors often seek out coins with low mintages or specific mint marks, as these are more likely to be valuable. However, the 1967 quarter without a mint mark is an exception due to its abundant production.

Factors Influencing the Value of a 1967 Quarter

While a 1967 quarter without a mint mark is not inherently rare, several factors can influence its value. These include the coin's condition, any errors in its production, and its overall eye appeal.

Condition

The condition of a coin is one of the most significant factors in determining its value. Coins are graded on a scale from Poor (PR) to Mint State (MS), with higher grades indicating better condition. A coin in uncirculated (MS) condition, meaning it has never been used in circulation, will be worth more than a circulated coin. — Prime Video Down? Here's How To Check & Fix It!

Grading Scale

• Poor (PR): Heavily worn with significant damage.
• Fair (FR): Worn with some details visible.
• Good (G): Noticeable wear but major features are visible.
• Very Good (VG): Moderate wear with clear details.
• Fine (F): Light wear with sharp details.
• Very Fine (VF): Slight wear on the high points.
• Extremely Fine (EF): Minimal wear with almost full detail.
• About Uncirculated (AU): Very slight traces of wear.
• Mint State (MS): Uncirculated with no wear.

Errors

Error coins, those with mistakes made during the minting process, can be highly valuable to collectors. Common errors include off-center strikes, double dies, and clipped planchets. If a 1967 quarter has a significant error, it could be worth more than its face value, even if it doesn't have a mint mark.

Eye Appeal

The overall appearance of a coin, its eye appeal, can also affect its value. Coins with attractive toning, strong luster, and well-defined details are generally more desirable to collectors. Even if a coin is not in perfect condition, its visual appeal can increase its worth.

Determining the Value of Your 1967 Quarter

To accurately determine the value of your 1967 quarter, you should consider its condition, look for any errors, and compare it to recent sales data. Here’s a step-by-step guide to help you assess your coin’s worth:

1. Identify the Mint Mark: Check for a mint mark on the obverse of the coin. If there's no mint mark, it was likely produced in Philadelphia.
2. Assess the Condition: Examine the coin for wear and tear. Use the grading scale mentioned earlier to estimate its grade.
3. Look for Errors: Check for any minting errors, such as off-center strikes or double dies. Use a magnifying glass to inspect the coin closely.
4. Research Recent Sales Data: Look up recent sales of similar 1967 quarters in comparable condition. Online auction sites, coin collecting forums, and price guides can provide valuable information. As an example, the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) offer price guides based on the grading of the coin.
5. Consult a Professional: If you have a coin that you believe is particularly valuable, consider consulting a professional coin appraiser or dealer for an expert opinion.

Estimated Values for 1967 Quarters

The value of a 1967 quarter can vary widely depending on its condition and any potential errors. Here’s a general overview of estimated values:

• Circulated Condition (Good to Very Fine): Most 1967 quarters in circulated condition are worth close to their face value, 25 cents. These coins are common, and their value is primarily based on their metal content.
• Uncirculated Condition (Mint State): Uncirculated 1967 quarters can be worth more, with values ranging from a few dollars to $10 or more, depending on the grade. Coins graded MS-65 or higher can fetch even higher prices.
• Error Coins: Error coins can be worth significantly more, ranging from $20 to hundreds or even thousands of dollars, depending on the type and severity of the error.

Examples of Recent Sales

• A 1967 quarter in MS-65 condition might sell for around $10 to $15.
• A 1967 quarter with a significant error, such as a double die, could sell for $50 or more.
• Lower grade coins typically sell for close to face value.

Where to Sell Your 1967 Quarter

If you've determined that your 1967 quarter is worth more than face value and you're interested in selling it, several options are available:

Coin Dealers

Local coin shops are a great place to start. Coin dealers have the expertise to accurately assess your coin's value and may offer a fair price. Building a relationship with a local dealer can be beneficial for future transactions as well.

Online Auction Sites

Websites like eBay are popular platforms for selling coins. However, it's important to do your research and understand the fees involved. You’ll also need to accurately describe and photograph your coin to attract potential buyers.

Coin Auctions

Specialized coin auctions, either online or in person, can be a good option for selling valuable coins. These auctions often attract serious collectors who are willing to pay top dollar for the right coin. — In Care Of (c/o): Meaning & Usage Explained

Coin Shows

Coin shows are events where collectors and dealers gather to buy, sell, and trade coins. Attending a coin show can provide an opportunity to showcase your coin to a wide audience and get multiple offers.

Caring for Your Coins

Proper storage and handling are essential for preserving the condition and value of your coins. Here are some tips for caring for your 1967 quarter and other coins:

Handling Coins

• Wash Your Hands: Always wash your hands before handling coins to remove dirt and oils.
• Hold by the Edges: Hold coins by the edges to avoid touching the surfaces, which can cause wear and damage.
• Use Cotton Gloves: Consider using cotton gloves for extra protection when handling valuable coins.

Storing Coins

• Coin Albums and Holders: Use coin albums, holders, or sleeves made from inert materials to protect coins from scratches and corrosion.
• Dry Environment: Store coins in a cool, dry place to prevent moisture damage.
• Avoid PVC: Avoid storing coins in PVC (polyvinyl chloride) materials, as they can damage the coin’s surface over time.

Conclusion

In summary, while a 1967 quarter without a mint mark is not inherently rare due to its high mintage, its value can be influenced by factors such as condition, errors, and overall eye appeal. If you have a 1967 quarter, take the time to assess its condition and look for any unique features that might make it more valuable. If you believe your coin has potential value, consulting with a professional coin dealer or appraiser is always a good idea. By understanding the factors that determine a coin's value, you can make informed decisions about buying, selling, and caring for your coins.

FAQ

1. What is a mint mark on a coin?

A mint mark is a letter or symbol that indicates the U.S. Mint branch where a coin was produced. Common mint marks include