The Austrian Philharmonic Coin series is among the most prominent bullion coins available in the market. They are issued annually by the Austrian Mint, which has been minting coins for over 800 years.
First introduced in 1989 in gold, the Philharmonic Series quickly gained popularity among investors due to the unique combination of artistic beauty, investment-grade gold and silver content, and affordability.
The 2025 Mintage year will soon be shipping from the Mint. Let’s explore where these coins are minted, what makes them a good investment, their liquidity, and where you can sell them locally at a fair price. We will also look at how Philharmonic coins compare to other bullion coins and why they are an excellent choice for those seeking a balance between value and precious metal purity.
Philharmonic Silver Coin Obverse
Where Are Philharmonic Coins Minted?
The Austrian Philharmonic coins are minted at the Austrian Mint located in Vienna, Austria. The Mint has a long and distinguished history of producing coins dating back to 1194, when it was established to mint silver from a ransom paid to release Richard the Lionheart.
Today, the Mint is updated with cutting-edge technology, providing precision craftsmanship to produce a wide range of numismatic and bullion products.
Philharmonic Design
The Philharmonic series was created to honor Austria’s rich musical heritage and prominently features the Vienna Philharmonic Orchestra.
Philharmonic Reverse Design Featuring the Great Organ and 1,50 Euro currency designation
The coin’s obverse showcases a collection of musical instruments, including a cello, violin, harp, bassoon, and the Vienna horn. The reverse shows a image of the Great Organ in the Golden Hall of Vienna’s Musikverein.
What Makes Austrian Philharmonic Coins a Good Investment?
One key reason investors seek the Austrian Philharmonic coins is their high purity and low premiums.
Philharmonic coins carry lower premiums than other bullion issues. Lower premiums makes them more cost-effective when looking for the cheapest price.
2025 Philharmonic Gold Coin Obverse depicting a variety of instruments
Another advantage of the Philharmonic coins is that they are IRA-approved. IRA-approved coins must meet strict standards of purity and offers a tax-advantaged way to invest in precious metals.
Where Can I Sell Austrian Philharmonic Coins Locally at a Decent Rate?
When selling Austria Philharmonic coins locally, several options are available to ensure a fair rate.
Many cities have reputable coin shops that buy and sell gold and silver bullion that will be familiar with Austrian Philharmonic coins. Local coin shops typically offer a competitive price close to the spot price of gold or silver minus a small margin. When selling, it’s essential to shop around and compare offers from multiple dealers to ensure you receive the best rate.
Some dealers specialize in buying and selling precious metals and often offer more competitive rates for bullion because they deal in larger volumes.
While pawn shops can be convenient, they may not always offer the best rates. This is because they deal in various goods and often don’t have up to date knowledge of the bullion market. However, if you need immediate cash, a pawn shop may still be a viable option. Just be sure to compare their offer with other outlets.
While not a local option, selling to an online bullion dealer can be a convenient way to get competitive prices. Many reputable online dealers offer buyback programs. After shipping your coins to the dealer, they will evaluate them, and then send payment electronically or via check. Selling to an online dealer can provide potentially better rates than local options.
The 1922 Silver Dollar is a fascinating and important piece of American history that was minted in the aftermath of World War I as a symbol of peace. Though millions were produced, certain varieties, conditions, and errors make some 1922 Peace Dollars incredibly valuable.
With multiple mint marks, errors, and special VAMs varieties, we’ll explore how the 1922 Peace Dollar provides collectors with a wide range of opportunities for every budget and why it’s a prized addition to any coin collection.
Historical Context
Following the end of World War I, the Peace Dollar was introduced at the end of 1921. The 1922 mintage year was the first mass-production of the low-relief design. With revised production lines at the Philadelphia, Denver, and San Francisco Mints, 1922 saw the highest mintage of the Peace Dollar series, making it one of the most affordable silver dollars to collect.
1922 Silver Dollar Value Chart
The value of most 1922 Silver Dollars will depends on which mint issued it as well as the condition. Coins in higher grades or with mistakes or minting errors can significantly increase the worth. The coin values shown below are typical of circulated coins.
Table showing 1922 Silver Dollar Value Ranges By Condition
Values can fluctuate based on, spot silver price, market conditions and the coin’s specific appeal (such as attractive toning or low wear).
Obverse and Reverse Design
The obverse (front) of the 1922 Peace Dollar features a portrait of Liberty with a radiant crown, designed by Anthony de Francisci to symbolize freedom. The word “LIBERTY” arcs above her head, with the date “1922” positioned below her neck. The motto “IN GOD WE TRUST” is prominently displayed, with the V in TRUST representing the Latin U.
1922 Silver Dollar Obverse
The reverse (back) shows a bald eagle perched on a rock, clutching an olive branch, symbolizing peace. The words “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” appear above, with the denomination “ONE DOLLAR” along the bottom edge.
1922 Peace Dollar Reverse
The reeded edge of the 1922 Peace Dollar contains 192 reeds, a feature used to deter counterfeiting and coin clipping.
1922 Silver Dollar Composition and Physical Features
The 1922 Peace Dollar is composed of 90% silver and 10% copper, a common alloy for U.S. silver coins at the time. Each coin contains 0.7734 troy ounces of silver. Its physical specifications are as follows:
Weight: 26.73 grams
Diameter: 38.1 mm
Thickness: 2.8 mm
Edge: Reeded with 192 reeds
1922 (P) Silver Dollar – Standard Circulation Strike
The 1922 Philadelphia Mint Peace Dollar is the most common variety, struck in low relief to following production issues with the earlier high-relief 1921 version. These coins do not have a mint mark.
Mintage: 51,737,000
Typical Value:
Good (G) – $30 to $35
Fine (F) – $32 to $38
About Uncirculated (AU) – $45 to $60
Mint State 65 (MS65) – $200 to $350
Mint State 66 (MS66) – $800 to $1,200
These coins are readily available from coin stores and online bullion dealers, but values increase significantly for higher-grade uncirculated examples (MS65 or above).
Rare 1922 Silver Dollar Error Coins
While the 1922 Peace Dollar is common, certain coins with errors or rare die-pair variations can be worth significantly more. Let’s explore some valuable 1922 error coins that are distinct and affordable to collect.
Cracked Planchet
A Cracked Planchet occurs when a coin is struck on a blank (planchet) that has structural flaws such as cracks or splits that can form during the manufacturing process. As a result, cracks appear as visible imperfections on the surface of the coin.
NGC Certified AU58 1922 $1 Cracked Planchet Mint Error Value Range: $200 to $300
The location and severity of the crack affect collectibility and value. In some cases, the cracks appear along the edge or across the design.
There are thousands of graded and certified 1922 Cracked Planchet Silver Dollars available in the market due to the large mintages, making these error coins an affordable way to add an interesting piece to your collection. Cracked planchet errors can sometimes be confused with die cracks, but they are fundamentally different.
1922 Die Crack Error
Close Up Showing a Die Break of a 1922 Peace Dollar Error Value Range: $80 to $120
Die Cracks and Die Breaks occur when worn or damaged dies are used to strike coins, resulting in visible cracks or breaks on the coin’s surface that can create unique patterns that make the coin stand out. Because of the large 1922 mintage, there have been thousands of die break coins discovered, graded and certified that are easy to identify by their VAM designation. Many collectors find this appealing and coins with noticeable die cracks are more valuable.
Curved Clip Variety
1922 Peace Dollar “Curved Clip” Mint Error Value Range: $150 to $250
A Curved Clip error occurs when the planchet is improperly punched from the sheet, causing a missing inwardly curving portion along the edge. A 1922 Curved Clip Peace Dollar shows a distinct missing part of its edge pattern and reeds in a crescent shape. On average, these coins are worth $150 to $250, making them valuable and affordable to collect.
Lamination Error Varieties
Peace Dollar Reverse Lamination Mint Error Value Range: $100 to $150
A lamination error occurs when a thin layer of metal peels away from the surface of the coin. This happens due to impurities, defects, or improper bonding of the metal during the minting process.
As a result, it’s common to find 1922 Peace Dollars that exhibit visible flakes, gaps, or rough textures near parts of the eagle design on the reverse side. Peeling also appears surrounding the legends “UNITED STATES OF AMERICA” or “ONE DOLLAR.”
Those with lamination errors from Denver and San Francisco can be more valuable than those from the Philadelphia Mint, which lacks a mint mark.
1922 (P) Silver Dollar – Satin Finish, High Relief
The Satin Finish High Relief Peace Dollar is a extremely scarce prototype strike that was issued in very limited numbers by the Philadelphia Mint.
These coins retain the high-relief design similar to the 1921 Peace Dollar, with sharper detail on Liberty’s portrait and the eagle on the reverse. However, the high-relief design was abandoned early in 1922 due to difficulties in mass production.
Mintage: Likely around 10 pieces (prototypes only)
Typical Value:
AU – $20,000 to $30,000
MS63 – $50,000 to $75,000
MS65 – $100,000+
These coins are incredibly rare, with most known examples residing in museums or high-end private collections. If one of these coins were to go to auction, it would likely fetch hundreds of thousands of dollars.
1922 (P) Silver Dollar – “Moustache” Variety (VAM-12A)
The VAM-12A “Moustache” Variety is a notable error variety caused by a die defect. The defect gives Liberty the appearance of having a mustache on her upper lip, making this variety stand out. The error is more noticeable on coins with minimal wear and is often found only on early strikes.
PCGS Certified AU55 VAM12A Moustache 1922 Peace $1 Coin Value Range: $300 to $500
Mintage: Unknown (Error variety)
Typical Value:
Fine (F) – $100 to $150
Extra Fine (XF45) – $250 to $400
Mint State 63 (MS63) – $1,500 to $2,500
This variety is relatively rare, and prices increase significantly for coins in better condition.
Affordable 1922 VAM Varieties to Collect
The VAM (Van Allen-Mallis) system catalogs small differences in Peace Dollars resulting from die pair variations. Some of the most notable 1922 VAM error coins include:
VAM-2: Doubled Die Reverse
Features doubling on the eagle’s beak and lettering.
Typical Value: XF – $50 to $100; MS63 – $500 to $1,000
VAM-3: Die Break on Obverse
Shows a noticeable die crack near Liberty’s hairline.
Typical Value: XF – $40 to $70; MS63 – $300 to $500
VAM-5A: “Spike in Eagle’s Shoulder” Variety
Displays a small raised line on the eagle’s shoulder, resulting from a die gouge.
Typical Value: XF – $60 to $120; MS63 – $400 to $800
These VAM variations are valued for their unique characteristics, rarity and condition.
How to Identify a Valuable 1922 Silver Dollar
Identifying valuable 1922 Peace Dollars requires a examination of the coin.
Inspect the Condition: Coins with minimal wear are more valuable, particularly coins in AU, BU, or MS grades.
Check the Mint Mark: The mint mark is located on the bottom of the reverse. Coins with “D” or “S” mint marks are more valuable. Coins without a mint mark were issued by Philadelphia.
Look for Errors: Use a magnifying coin loop to check for signs of doubling, cracks, or off-center strikes.
Evaluate the Toning: Attractive or unique natural toning can increase a coin’s value, particularly among collectors.
Verify Authenticity: Always have the coin authenticated by a professional coin dealer if you believe it may hold significant value, especially for rare varieties or high-grade examples.
Due to the intrinsic value of the metal, even in heavily worn or cull condition, a 1922 Peace Dollar is worth melt value.
How to Store and Protect Your 1922 Silver Dollar
To maintain the value and condition, 1922 Peace Dollar coins should be kept in air-tight holders or coin flips to prevent damage or scratches from handling. They provide much more protection that 2×2 flips and are readily available at your local coin shop, Amazon, eBay and hobby shops. If you think your 1922 Silver Dollar may be of high value, talk with your local coin shop about submitting it to a third-party grading service to have it encapsulated.
Conclusion
Over time, the value of silver and the interest in historical U.S. coins have risen. Most 1922 Peace Dollars can be acquired relatively easily at an affordable premium. Rare varieties and coins in exceptional condition can fetch significant sums at auction, making the 1922 Peace Dollar both an appealing collectible and a potential investment.
While circulated grades are most common, finding higher-grade coins or rare error varieties can be both challenging and rewarding. Understanding the value, design features, and composition of the 1922 Silver Dollar can help you make informed decisions when collecting or investing in these iconic coins.
At Find Bullion Prices, we constantly strive to provide the best tools for investors and collectors to track and calculate the value of their silver holdings. Recently, we’ve added a new Silver Coin Values Guide, which provides silver coin values with quick access to the current melt value of your coins.
The guide includes values for popular U.S. Mint silver coin denominations, such as dimes, quarters, half dollars, and silver dollars.
Silver Coin Values Guide
Before 1965, most U.S. Mint-issued coins were composed of a 90% silver alloy. This includes dimes, quarters, half-dollars, and one-dollar coins with a date of 1964 or earlier, as well as War Nickels, which were also minted with 35% silver alloy.
The Silver Coin Value Guide displays the up-to-the-minute melt values of all U.S. Mint Pre-1965 coins and provides clear instructions on determining your coin’s value.
Melt Value Calculator
We’ve also introduced a Silver Coin Value Calculator alongside the values guide. This easy-to-use tool allows you to calculate the value of your silver coins quickly and accurately. Enter the number of silver dimes, quarters, half dollars, silver dollars, 40% silver half dollars, and Eisenhower dollars, or even 35% War Nickels, and click the “calculate” button, and the values of each denomination are displayed instantly.
Enter the quantity of each coin type in your collection.
Click the “calculate” button.
Instantly see the total value of your silver coins based on the latest spot price.
These features are perfect for anyone who wants to look up the melt value of their collection or make informed decisions about buying or selling silver. We aim to make managing your silver investments easier, faster, and more accurate.
As the year draws to a close, pre-sales of 2025 American Eagle will be starting in the coming weeks and dealers are updating their websites to accommodate the release.
In the past, precious metals dealers have begun pre-sales for the 2025 American Silver and Gold Eagles during the month of October.
These pre-sales allow investors to lock in prices before the coins are even available, ensuring they don’t miss out on the early releases. While the coins themselves are not expected to ship from the U.S. Mint until the first half of January 2025, many buyers take advantage of pre-sales to lock-in the price and guarantee that they will receive their coins as soon as they are minted and distributed.
U.S. Mint 2025 American Silver Eagle
As some of the most recognizable and trusted coins in the world, American Silver Eagles (1 oz of .999 fine silver) and American Gold Eagles (offered in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz of 22-karat gold) are the go-to options for many investors looking for physical bullion. The rumors circulating that Costco may be permanently incorporating precious metals into their product line only help spread that recognition further.
Annual Changes
The release of the 2025 coins marks the beginning of a new production cycle for the U.S. Mint. Near the end of each year, the U.S. Mint ceases minting the current year’s coins. This pause allows for crucial equipment maintenance, as well as the replacement of dies that are used to strike the new year’s coins.
During this period, market availability of current-year coins can become scarce, leading to increases in premiums. Typically, secondary market or random-year Silver Eagles will have the lowest premiums.
What to Expect from the 2025 American Eagle Coins
2025 American Gold Eagle Obverse
While the designs of the American Silver Eagle and American Gold Eagle have remained largely unchanged since the 2021 design refresh.
Both coins are known for their patriotic designs, premium minting quality, and, of course, their precious metal content. Investors will find the 2025 American Eagles to be no different—an attractive investment that combines artistry with intrinsic value.
Dealers Prepare for Strong Demand
With gold and silver prices hitting record highs week and week, dealers are anticipating strong demand. Early buyers should quickly secure their coins at market prices when they become available for sale.
During periods of strong market demand, the current-year American Eagles tend to sell out quickly, as was the case during the early days of the COVID-19 pandemic.
With prices now hitting new highs, a similar scenario could unfold, especially as more investors seek out tangible assets like gold and silver to protect against inflation and economic instability.
Many dealers offer special pre-order pricing, incentivizing those eager to add the 2025 coins to their portfolios before they hit the broader market.
January 2025: Shipping Begins
While pre-sales are beginning now, investors will need to wait until January 2025 for the coins to officially ship from the U.S. Mint. The Mint has historically fulfilled orders during the first half of January, ensuring that investors receive their new coins shortly after the new year begins. With pre-sales orders secured, many buyers can expect to see their 2025 American Eagles arrive shortly after the Mint starts shipping.
As demand for physical bullion remains strong, the annual release of the American Silver Eagle and American Gold Eagle coins is a great opportunity to add precious metals to a portfolio with prices locked at the time you place your order.
If you’re considering adding the 2025 American Eagles to your portfolio, now is the time to explore pre-sale opportunities and secure your position before the rush begins in January.
U.S. Mint Authorized Purchasers
U.S. Mint Authorized Purchasers are a select group of companies or dealers that are officially approved by the U.S. Mint to purchase bullion coins directly from the Mint in bulk.
These Authorized Purchasers (APs) serve as wholesalers between the U.S. Mint and the general public, helping distribute coins like the American Silver Eagle, American Gold Eagle, American Platinum Eagle, and other bullion products to the retail market.
APs distribute these coins to other wholesalers and distributors, retailers, precious metals dealers, and, in some cases, directly to the public. This network ensures that U.S. Mint bullion products are widely available in both domestic and international markets.
Becoming a U.S. Mint Authorized Purchaser involves meeting stringent criteria, such as financial standards to ensure they have the capacity to buy and distribute large quantities of bullion.
Roosevelt Dimes have been a staple of American coinage for nearly 80 years. These ten-cent pieces are not just everyday change; they can also be hidden treasures for coin collectors. Beyond their silver content is an assortment of rare editions, mint errors, and low mintage years, with some Roosevelt dimes worth a hefty price on the market.
The Roosevelt Dime, introduced in 1946, was a tribute to Franklin Delano Roosevelt, the 32nd President of the United States, whose efforts during the Great Depression and World War II left a lasting legacy.
Roosevelt was also deeply involved in the March of Dimes, a campaign dedicated to fighting polio. This disease had personally affected him. The U.S. Mint issued the Roosevelt Dime, in honor of his work and life to forever immortalize his image on the nation’s 10-cent coin.
Collecting Roosevelt Dimes
While the Roosevelt Dime may not be the rarest coin in U.S. history, it offers collectors numerous opportunities to discover valuable pieces, especially those minted in silver from 1946 to 1964.
Roosevelt dimes have a rich history and relatively consistent design and are still in circulation today. If you start looking through your change, you could potentially find a rare dime in your pocket. Coin collecting can be more than a hobby; it can become a passion that combines history, art, and treasure hunting.
Roosevelt Dime History
The Roosevelt Dime was first struck on January 30, 1946, just a year after FDR’s death—what would have been his 64th birthday. Designed by Chief Engraver John R. Sinnock, the obverse features a left-facing profile of Roosevelt, while the reverse displays a torch flanked by olive and oak branches, symbolizing peace and strength.
Roosevelt’s role in establishing the March of Dimes made the choice of placing him on the dime natural. The slogan for the March of Dimes, a public health campaign founded in 1938, inspired millions of Americans to donate dimes to support the fight against polio.
Roosevelt Dime Values
Roosevelt Dimes minted between 1946 and 1964 contain 90% silver, making their value largely dependent on the price of silver. Roosevelt Silver Dimes are often sold in bulk as junk silver, but higher-quality examples can fetch a premium.
1951 Proof Roosevelt Dime NGC PF67
Common dated silver dimes in circulated condition typically sell for about $2 to $3, depending on the current silver market.
In better condition (XF or AU), these dimes can sell for $3 to $6, especially if they exhibit sharp details and minimal wear.
Roosevelt silver dimes minted from 1946 to 1964 that are heavily circulated, scratched, bent, or worn are worth silver melt value.
Key Dates and Valuable Dimes
While billions of Roosevelt Dimes have been minted since 1946, a few key dates stand out due to their rarity or historical significance.
1949-S Roosevelt Dime
1949-S Roosevelt Dime Obverse
With a relatively low mintage of 13.5 million, the 1949-S is a crucial date in the series. In Mint State condition with Full Bands (a designation that indicates a sharp strike with fully visible horizontal bands on the torch), this coin can be worth $65 to $100 in circulated grades. The most valuable 1949-S Dime was sold at auction in 2022 for $6,000.
1950-S Roosevelt Dime
1950-S Roosevelt Dime had a low mintage of around 20 million coins
Another scarce date, the 1950-S, has a similar low mintage of just over 20 million coins. In MS66 with Full Bands, it is valued at around $35.
1951 Proof Deep Cameo (DCAM)
1953 Proof Cameo Roosevelt Dime PF68 NGC Value: $500
Proof dimes from the early 1950s, especially those in Deep Cameo condition, can fetch a significant premium. A 1951 Roosevelt Dime in PR68 Deep Cameo sold for $23,500 at auction.
1964-D Doubled Die Reverse
One of the rarer doubled die varieties in the Roosevelt Dime series, the 1964-D Doubled Die Reverse can be worth $300 or more, depending on the condition.
1996-W Roosevelt Dime
1996-W Roosevelt Dime minted at the West Point Mint
This coin, struck at the West Point Mint to recognize the Roosevelt Dime’s 50th anniversary, was only available in Mint Sets. In high grades, it can fetch between $10 and $45.
Factors That Affect Value The Most
Understanding which Roosevelt dimes are valuable requires knowledge of several primary factors:
Mint Errors: Mistakes made during minting can make a coin rare.
Low Mintage Years: Years with fewer coins produced can add scarcity.
Condition: Coins in better condition (higher grades) often command higher prices.
Roosevelt Dime Error Coin Values
Out of the billions of Roosevelt Dimes issued over the years, coins with mistakes and errors are bound to occur. Mint errors can significantly elevate the worth of a Roosevelt dime. These errors might include misstrikes, off-center strikes, or double dies. Below is a table listing some notable mint errors and their approximate market values.
Error Type
Description
Estimated Value ($)
Double Die
Duplicate images on the coin
$50 – $1,000
Off-center Strike
Coin struck off-center
$30 – $500
Broadstrike
Coin broader than usual
$20 – $200
Clipped Planchet
Portions of the coin missing
$10 – $150
Mule Error
Coin struck with mismatched dies
Over $1,000
Notable Dime Error Coins
1975 No-S Proof Dime
1975 No-S Proof Dime
The 1975 No-S Proof Dime is among the rarest and most valuable modern U.S. coins. It is a proof dime struck at the San Francisco Mint, usually including an “S” mint mark for proof coins. However, a few 1975-proof dimes were produced without this “S” mint mark due to a minting error, making them highly sought after by collectors.
This coin is among the rarest and most valuable error coins in the Roosevelt Dime series. Only two examples of this proof dime exist; one sold for $456,000 at auction in 2019.
1982 No P Mint Mark
1982 No-P is the first instance where the Philadelphia Mint accidentally produced a coin without its mint mark.
Usually, dimes struck at the Philadelphia Mint after 1980 bear a “P” mint mark on the obverse (front) of the coin, just above the date.
1982 “No P” 10C Roosevelt Dime NGC MS63
In 1982, some Roosevelt Dimes were accidentally struck without the “P” mint mark. Circulated 1982 No-P dimes can be worth between $50 and $200, depending on the condition. Uncirculated, they can range between $200 and $400, with higher-grade examples (MS65 or better) commanding up to $500 or more, depending on the strength of the strike.
1965 Silver Planchet Dime
The 1965 Silver Planchet Roosevelt Dime was minted during a significant transitional period for U.S. coinage. Starting in 1965, the U.S. Mint switched from silver to a copper-nickel-clad composition for dimes, quarters, and half dollars.
However, some dimes were mistakenly struck on leftover 90% silver planchets from 1964, making these error coins highly desirable among collectors.
The 1965 Silver Planchet Dime is a highly sought-after error coin, with value varying depending on condition and demand. Typically, these coins can be worth $4,000 to $7,000 in circulated condition, while mint-state or uncirculated coins can fetch $7,000 to $10,000.
In 2019, a 1965 Silver Planchet Roosevelt Dime graded MS62 by PCGS sold for $9,000. Higher-grade examples have sold for over $10,000 at auctions.
1969-D Repunched Mint Mark
Some 1969-D dimes display a repunched mint mark, which occurs when the mint mark is applied to the coin’s die more than once in slightly different positions. If the mint mark punch shifted slightly or was struck more than once, it would result in a repunched mint mark.
RPM errors were more common before the mid-1980s when mint marks began to be applied to the master hub instead of individually punched onto each die.
The value of a 1969-D RPM Roosevelt Dime depends on the coin’s condition and the visibility of the punch. For coins in circulated condition, values can range from $10 to $25, while uncirculated coins are worth between $50 and $75. Higher-grade examples, depending on the error coin’s condition and extensiveness, can be worth $100 to $1,500.
1999-D Broad Struck on a Cent Planchet
The 1999-D Roosevelt Dime Broad Struck on a Cent Planchet is a notable and rare error coin. The Roosevelt Dime design was mistakenly struck on a copper planchet intended for a cent (penny) rather than the usual copper-nickel-clad planchet for dimes.
The coin will have the design of a Roosevelt Dime, but its size and weight will differ because it was struck on a larger copper cent planchet. This results in a broad strike, where the design does not fit properly on the smaller or larger planchet and appears stretched or incomplete, especially near the edges.
This type of mint error is known as a wrong planchet error, and it results in a very unusual and collectible coin. Only a few of these coins exist; they can sell for $6,000 or more.
Certified Roosevelt Dime Values
Certified coins graded by reputable companies like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC) can significantly increase the value of a Roosevelt Dime. High-grade coins with Full Bands or Full Torch designations are particularly desirable among collectors.
For example, a 1950 Roosevelt Dime graded PR68 Deep Cameo by PCGS sold for $18,800. Similarly, a 1956 Proof Deep Cameo dime in PR69 fetched $19,975 at auction. These high-grade, certified coins are often seen as investments, as their value tends to appreciate over time.
Coin Grading and Condition
The coin’s condition is the largest factor in determining its value. Grading is usually done on a scale from 1 to 70, with higher numbers indicating better preservation and fewer signs of wear.
The 1965 Washington quarter is a unique and transitional coin in U.S. numismatic history. Although it was the first U.S. quarter minted without silver, it still carries a potential for value, especially among collectors who are aware of certain errors or high-grade specimens. Let’s explore why this coin holds significance, its history, and how it might have hidden value in your pocket change.
Historical Context
The 1965 Washington quarter marks a pivotal shift in U.S. coinage. Prior to this year, quarters, dimes, and half dollars were minted using 90% silver. However, due to the rising prices of silver and fears that the value of the metal would exceed the coin’s face value, the U.S. Mint transitioned to a copper-nickel alloy. President Lyndon B. Johnson’s Coinage Act of 1965 officially ended silver in dimes and quarters, and these coins were instead struck with a copper core clad in a copper-nickel alloy.
1965 Quarter Value Chart
While most 1965 quarters are worth their face value (25 cents), coins in mint condition or with specific errors can be significantly more valuable. Here’s a breakdown of their approximate values based on condition with references.
The MS (Mint State) grading system reflects the coin’s condition, with higher numbers representing coins that are closer to perfect condition.
The Obverse and Reverse Design
The obverse of the 1965 quarter features the iconic profile of George Washington facing left, designed by John Flanagan. The portrait was initially intended to be a temporary bicentennial commemorative design for Washington’s 200th birthday in 1932, but it became the permanent design.
On the reverse side, an eagle with outstretched wings holds a bundle of arrows, symbolizing strength and preparedness. Beneath the eagle are olive branches, representing peace. Flanagan’s powerful image of the eagle dominates the reverse, reinforcing the patriotic symbolism of the coin.
1965 Quarter Composition and Physical Features
The 1965 quarter differs significantly from its predecessors in composition. Prior to 1965, quarters were 90% silver and 10% copper, but beginning this year, they were composed of 75% copper and 25% nickel over a pure copper core. The coin weighs 5.67 grams and has a reeded edge, a design element originally used to prevent coin clipping when silver was more valuable.
Rare 1965 Quarters and Error Coins
Despite the exceptionally high mintage of over 1.8 billion 1965 quarters, only a few rare coin errors exists that are sought after by numismatists and collectors.
The 1965 silver quarter is one such error. These coins were accidentally created when some of the 1964 silver planchets were used for 1965-dated coins. These silver quarters are extremely rare. The value of these 1965 Error Coins can be worth $1,300 to $2,000 depending on their condition.
NGC Certified 1965 Washington Quarter Double Die Obverse (DDO) Error Coin FS-026
Another valuable error is the 1965 doubled die quarter. This error occurs when a die used in striking the coin is misaligned, which can cause a doubled image on one or both sides. The most obvious signs of doubling are usually found in the words “In God We Trust” or “Liberty,” or in the date. These errors can make a coin worth hundreds in circulated condition or even thousands of dollars in higher grades.
1965 Special Mint Sets
In 1965, there were no S-minted proof quarters produced. The U.S. Mint had suspended proof coin production from 1965 to 1967 due to the coin shortage during that time, and no coins carried the “S” mint mark.
Instead, the mint focused on Special Mint Sets (SMS) for collectors, which were different from the traditional proof sets. These SMS coins were produced in Philadelphia, with no mint mark, and featured a unique satin-like finish, somewhere between a regular circulation strike and a proof finish.
US Mint 1965 Special Mint Set in Packaging
These sets contain coins that are better struck and more carefully preserved than the coins issued for circulation. Quarters from these sets are often in much better condition, which can increase their value to collectors.
The value of these coins, depending on their finish and condition, can range from a few dollars to several hundred dollars for high-grade or cameo varieties.
How to Identify a Valuable 1965 Quarter
While most are worth face value, you may have a valuable 1965 Quarter if it meets one of the following criteria:
Mint State Condition: Quarters that have been preserved in near-perfect condition can be worth anywhere from a few dollars to several thousand dollars, depending on their grade.
Error Coins: Look for errors such as the doubled die or a silver planchet. A 1965 silver quarter value with these errors can be worth as much as $8,000 or more.
Cameo or Deep Cameo Finish: Special Mint Set coins with a cameo or deep cameo finish, which exhibit a frosted image against a mirrored background, are also highly prized by collectors.
Conclusion
The 1965 Washington quarter holds a unique place in U.S. coinage history. While most of these coins remain in circulation and are worth little more than their face value, some rare examples are worth a significant amount of money. Collectors should focus on coins in excellent condition or those with minting errors, such as the 1965 silver quarter or doubled die varieties.
If you think you have a valuable 1965 quarter, it’s a good idea to have it graded by a professional coin grading service like PCGS or NGC. Even though most 1965 quarters are not made from silver, the chance of owning a rare, error coin or a high-grade specimen makes it worth investigating further.
The 1975-S No S Proof Dime, widely regarded as the world’s most valuable modern U.S. coin, is set to be auctioned on October 27th by GreatCollections. This highly rare coin, owned by an Ohio family for over 45 years, is one of only two known examples missing the “S” mint mark, a small but significant error that has turned it into a coveted item among collectors.
Discovery and Significance
The 1975-S No S Proof Dime was part of a proof set minted at the San Francisco Mint, which should have included an “S” mint mark on the dime. In 1975, the U.S. Mint produced 2.84 million proof sets, but only two sets without the “S” mint mark have been discovered, both by the same individual in California in the late 1970s.
These dime error coins were sold to coin dealer F.J. Vollmer and have since become legendary in the numismatic world. The Ohio family purchased their No S dime from Vollmer in 1978 for $18,200, a significant sum at the time, equivalent to nearly $90,000 today.
According to Scott Schechter and Jeff Garrett, co-authors of 100 Greatest U.S. Modern Coins, the 1975 No S Proof Dime ranks as the #1 modern U.S. coin. The coin has been graded PCGS Proof-67 and approved by CAC (Certified Acceptance Corporation) with the considerable public interest and could fetch over $500,000 at auction.
1975-S No S Auction History and Values
The 1975 No S Proof Dime auction history shows its increasing value over time. In 2011, the second known example sold for $349,600 at a Stack’s Bowers Galleries auction. In 2019, the same coin sold for $456,000 at Heritage Auctions. Shortly after, it was sold privately for $516,000 to the owner of the only complete collection of Roosevelt Dimes ever formed.
The current auction represents the first time this particular dime, owned by the Ohio family, has appeared in public sale. It is expected to attract a great deal of attention from collectors, with the current bid already reaching $250,000. The dime will be on display at the Great American Coin & Collectibles Show in Tampa, Florida, from September 11-14 before heading to the auction block in October.
What Makes the 1975-S No S Proof Dime Special?
The 1975 No S Proof Dime is significant because of its extreme rarity and the historical context of its creation. During this time, proof coins were struck with extra care for collectors, and the absence of the “S” mint mark is an unusual and highly collectible error.
GreatCollections Auction 1975 No S Dime PR67 CAC
Mint inspectors likely discovered this early in the first run and stopped the majority of these error dimes from being released, making the two known examples incredibly rare.
This coin stands apart from other 1975 dimes made in Philadelphia as it is a Proof coin which was only minted in San Francisco.
Collectors’ and Investors’ Interest
For collectors, the 1975 No S Proof Dime is considered a “holy grail” of modern numismatics. Its rarity, combined with the fact that only two are known to exist, drives its value. The proof coin is also in excellent condition with a Proof-67 grade, making it even more desirable.
For investors, owning a piece of modern coinage history like the 1975 No S Proof Dime can be a lucrative long-term asset. Over the years, its value has consistently appreciated, and it is expected to continue doing so due to its uniqueness.
Beware of Misleading Offers and Counterfeits
The rarity of the 1975 No S Proof Dime has led to opportunistic sellers falsely advertising common 1975 dimes as rare coins. With nearly 586 million 1975 Roosevelt Dimes produced without a mint mark, many sellers exploit the confusion between regular circulation coins and the rare proof errors. Buyers must carefully verify the authenticity and provenance of such coins, as common 1975 dimes without an “S” are not valuable.
This discovery is a reminder of how valuable certain error coins can be, especially when such a limited number of examples exist.
The 1921 Morgan Silver Dollar has a significant place in numismatic history. This mintage year, the U.S. Mint restarted production of $1 coins following a 17-year hiatus.
This is the final year the Morgan $1 coins were issued for circulation since the Peace Dollar was introduced in the Fall of 1921.
What is the 1921 Morgan Silver Dollar?
The Morgan Silver Dollar is one of the most iconic and widely collected coins in American numismatic history. It was minted from 1878 to 1904, and then again in 1921.
First introduced in 1878, the Morgan Silver Dollar came about due to Western mining companies lobbying Congress to stabilize the price of silver following the Civil War.
Passed in 1878, the Bland-Allison Act required the U.S. Treasury to buy large quantities of silver for coinage. This was intended to support the silver mining industry and to reintroduce silver currency.
The Morgan is often associated with the silver mining boom of the American West and the design reflect economic and political climate of the late 19th century. The debate between the gold standard and bimetalism was a central issue in American politics during this era.
1921 Morgan Silver Dollar Values
Circulated 1921 Morgan $1 Coin
The 1921 mintage was large and these coins are more common than earlier Morgans. However, in uncirculated or higher-grade conditions they still hold a premium for collectors.
Condition
Description
Value Range
Good (G-4)
The coin will show significant wear and major design elements are present but heavily worn
$30 to $40
Very Good (VG-8)
Moderate wear is visible, and the design details are clearer but still worn down
$35 to $45
Fine (F-12)
More details on the coin’s design, such as the hair and feathers, are visible but still worn
$40 to $50
Very Fine (VF-20 to VF-30)
Details such as Liberty’s hair and the eagle’s feathers are clearer, though still worn
$50 to $70
Extremely Fine (EF-40)
Light wear is evident on the highest points of the coin, but overall, the details are sharp
$75 to $90
Almost Uncirculated (AU-50 to AU-58)
These coins show only slight signs of wear on the highest points and maintain much of their original luster
$100 to $150
Brilliant Uncirculated (BU)
BU coins show no signs of wear, retains its original mint luster, may have bag marks, dings or other minor imperfections
$150 and up
1921 Morgan Silver Dollar Condition, Description and Values
Heavily worn or cull condition 1921 Morgan Silver Dollars generally hold little numismatic value and are typically priced at or near their melt value. However, some exceptions, such as mint errors, clashed dies, off-center strikes, or doubled dies where even a heavily worn or cull Morgan Dollar can fetch a premium.
1921 Morgan Silver Dollar Mintage Amounts
More than 86,730,000 Morgans were minted in 1921 across all US Mint locations.
Location & Mint Mark
Mintage Amount
Notes
Philadelphia Mint (No Mint Mark)
44,690,000
The Philadelphia Mint produced the majority of the 1921 Morgan Dollars.
Denver Mint (D Mint Mark)
20,345,000
First time the Denver Mint produced Morgan Silver Dollars
San Francisco Mint (S Mint Mark)
21,695,000
Produced coins for circulation, in addition to the famous 1921-S Zerbe Proof
1921 Morgan Mint Marks and Mintage Amounts
NGC MS63 Graded 1921-D Morgan $1 Coin
Morgan Dollar Design
The coin was crafted by George T. Morgan, an English engraver who worked for the U.S. Mint. His skill is evident in the intricate details of Lady Liberty and the eagle.
Obverse
On the front of the coin, you’ll find a depiction of Lady Liberty wearing a Phrygian cap and her hair is adorned with wheat and cotton.
Obverse of an 1882-S Morgan Silver Dollar Value: $45 to $1,500, depending on condition
Above her head, the words “E PLURIBUS UNUM” (which means “Out of Many, One”) wrap around the edge of the coin along with thirteen stars, highlight the unity of the original thirteen colonies.
Reverse
Reverse of an 1882-S Morgan Silver Dollar BU
On the reverse, the Majestic bald eagle with its wings spread wide, symbolizing strength and freedom.
The eagle holds an olive branch in its right talon (for peace) and arrows in its left (to signify readiness for defense).
The Mintmark for coins minted outside of Philadelphia is located at the bottom of the reverse above the “D” and “O” in the word DOLLAR.
Inscriptions and Edge
The top edge of the reverse features the words “UNITED STATES OF AMERICA,” while the bottom proudly states “ONE DOLLAR,” making it clear what the coin is worth.
The edge of the 1921 Morgan Silver Dollar is reeded with 189 reeds around the circumference.
George T. Morgan
George Morgan was recruited to join the U.S. Mint in 1876 through the efforts of then Director of the U.S. Mint, Henry Linderman, who was seeking to revitalize American coinage.
Linderman recruited Morgan, who was working for the Royal Mint in London as an assistant engraver, and offered him the opportunity to come to the United States.
Morgan accepted the offer and was brought on as an “assistant engraver” under Chief Engraver William Barber.
One of Morgan’s first tasks was creating a new design for the silver dollar, marking the beginning of his long career. His fresh perspective, combined with his European training, allowed him to craft a coin that remains highly regarded among numismatists today.
Other Morgan Series Key Dates
In addition to the 1921 Morgan Silver Dollar, the Series offers many other valuable key dates due to their rarity, historical significance, or unique characteristics.
First Year of Issue – 1878 Morgan
This is the inaugural year for the Morgan Dollar and is highly collectible. Several varieties exist, including the 7 Tail Feathers and 8 Tail Feathers variations, which refer to the number of feathers on the eagle’s tail depicted on the reverse.
Scarce 1893-S Morgan Dollar
The 1893-S Morgan Dollar is considered the rarest and most valuable in the series. The San Francisco mint produced only 100,000, making it highly sought after in higher grades. The highest-selling Morgan Silver Dollar ever auctioned was the 1893-S Morgan Silver Dollar for $735,000 in 2018.
1889-CC Morgan Dollar Carson City Mint
The 1889-CC is another rare coin, minted at the Carson City Mint, which makes it especially desirable. The Carson City mint is known for producing some of the most collectible Morgans. Only 350,000 coins were minted, and it is one of the most valuable Carson City Morgans.
1895 ProofMorgan Dollar
Often referred to as the “King of Morgan Dollars,” the 1895 Proof Morgan Dollar is famous for having no known regular strike versions. Only 880 proof coins were minted, making it extremely rare. Many believe that any 1895 Morgan Dollar found today is likely from the proof mintage. Depending on market conditions and grading, an 1895 Proof Morgan is worth $40,000 to $55,000 at auction.
1904 Morgan $1 Coin – Last YearPre-Hiatus
The 1904 Morgan Dollar is notable as it was the last year the Morgan dollar was struck before production halted. After 1904, no Morgans were produced until 1921.
1921 Morgan Silver Dollar Mint Marks
The Morgan Silver Dollar was minted at five different U.S. Mint locations over the years, and each of these mints has its own distinct mint mark, contributing to the coin’s variety and collectibility.
Mint Location
Mint Mark
Years Minted
Philadelphia
None
1878-1904 & 1921
Carson City
CC
1878-1893 only
San Francisco
S
1878-1904 & 1921
New Orleans
O
1879-1904 only
Denver
D
1921 only
Mint Marks and Years Minted
The Philadelphia Mint, which served as the main minting location, did not use a mint mark. Morgan Dollars from Philadelphia were produced from 1878 to 1904 and then again in 1921.
Carson City, identified by its “CC” mint mark, produced Morgan Dollars from 1878 to 1893. Carson City coins are especially popular among collectors due to the mint’s relatively low production volume.
The San Francisco Mint, denoted by the “S” mint mark, also struck Morgan Dollars during the same periods as Philadelphia — from 1878 to 1904 and in 1921. San Francisco Morgan’s are known for high-quality strikes and are often valued for their sharp details.
New Orleans, with the “O” mint mark, minted Morgan Dollars from 1879 to 1904. The New Orleans Mint was known for inconsistent production quality and softer strikes compared to other mints.
Lastly, the Denver Mint, marked with a “D,” produced Morgan Dollars only in 1921. The Denver 1921 Morgan Silver Dollar’s one-year-only status adds to their collectible value.
Why VAM 1921 Morgan Dollars More Valuable
Many Morgan error coins are classified under the Van Allen-Mallis (VAM) system, developed by Leroy Van Allen and A. George Mallis in the 1960s.
NGC MS61 1921 Morgan $1 VAM-44 Wide Reeds
The VAM system identifies distinct anomalies and characteristics in the dies used to strike Morgan (and later Peace) dollars. These varieties are identified by small changes or errors in the coin design, such as doubled die features, overdates, or misplaced mint marks.
In general, Morgan VAMs that are scarce are worth much more than regular coins. However, not all VAM varieties command a premium. The value of each variety depends on the rarity, the grade, and the specific characteristics. Collectors with a keen interest in U.S. Mint history or unique coin features are often willing to pay more for certified VAM Morgans.
Some of the most sought-after VAMs include the 1878-P 7/8 Tail Feathers, the 1879-P Reverse of 1878, and the 1887-P Doubled Ear.
VAM 1A Clashed E 1921 Morgan Silver Dollar
Clashed die errors occur when the obverse and reverse dies strike each other without a planchet in between, leaving impressions from one die on the other. When this happens, features from one side of the coin appear faintly on the other side.
On the obverse, you might spot traces of the eagle’s wing or wreath from the reverse side. These marks are usually found around the front of the neck of Liberty’s profile as a faint outline of the eagle’s wing.
1889-O Morgan $1 Clashed “E” PCGS AU55 – Value: $1,500-$2,000
On the reverse, you may find remnants of Liberty’s portrait, including the outline of Liberty’s chin or nose near the eagle’s wings. Though these marks are generally subtler on the reverse, they are still noticeable upon closer inspection.
NGC 1891-O Weak “E” Clash VAM-3A Morgan $1 XF45 Value Range: $400-$600
In some cases, parts of letters from one side of the coin may be transferred to the other, making for a highly collectible clashed die error. For example, fragments of the “E” from “E PLURIBUS UNUM” might appear on the reverse, or reverse lettering elements may appear on the obverse. These lettering clashes are particularly sought after by collectors.
1921 Off-Center Morgan Mint Error
Off-center strikes occur when the planchet is not properly aligned between the dies during the striking process, resulting in an off-center design.
1921-D Morgan Denver Mint Error Coin Struck 7% Off-Center Value Range: $10,000 to $12,000
These errors can range from slightly off-center to dramatically misaligned, and they generally sell for thousands at auction.
Double Strikes
Double strikes occur when a coin is struck twice by the dies, creating a doubled or overlapping design. These errors are highly sought after for their distinctive appearance and rarity.
1880-O Morgan $1 VAM 4 Hot Lips PCGS AU53 – Value: $1,250 – $1,500
Die Breaks and Cuds
Die breaks and cuds are mint errors resulting from cracks or breaks in the die. These errors can create raised lines or blobs on the struck coins, adding a unique touch to your collection.
Closeup of a 1921 Morgan Die Break
Morgan Dollar GSA Hoard
The Morgan GSA Hoard was a large collection of uncirculated coins discovered in U.S. government vaults in the 1960s and early 1970s. These had been left over from the production and were minted between 1878 and 1904, and later in 1921. The hoard is named after the General Services Administration (GSA), the federal agency responsible for cataloging and selling these coins to the public after they had been forgotten for many years.
1882-CC Morgan $1 BU GSA Slab – Value: $300-$400
these coins were rediscovered during an audit of Treasury vaults in the 1960s. The GSA hoard largely contained coins from the Carson City Mint (CC), which was known for producing fewer Morgan dollars than other U.S. mints. Recognizing their numismatic value, the U.S. government held a series of public auctions that ran from 1972 to 1980.
Many Morgans from the hoard were in mint-state condition. The fact that they had been stored away for decades left them preserved in near-original condition, which is extremely rare for coins of this age.
The coins were auctioned in special black plastic GSA holders. These coins kept in their original GSA packaging adds to their collectible value today.
Created to commemorate the 200th anniversary of the United States’ independence, the US Bicentennial Quarter was minted only in 1975 and 1976. Due to their unique reverse design, they are among the most iconic coins in American numismatic history.
However, not all are created equal. Some Bicentennial quarters are worth more than others, particularly those with specific mint marks and conditions or those that contain silver. Let’s explore some factors that make certain Bicentennial quarters valuable and how to identify those containing silver.
Historical Context
In the mid-1970s, the U.S. Mint celebrated the nation’s anniversary by holding public competition for commemorative reverse designs for the quarter, half-dollar, and dollar coins. The Mint held a public competition for the quarter to choose the reverse design.
1976-S Quarter (25 cents) Bicentennial San Francisco Mint
The winning design, created by Jack L. Ahr, features a colonial drummer boy with a victory torch encircled by 13 stars, symbolizing the original thirteen colonies. The obverse of the coin retains the familiar portrait of George Washington.
These coins were minted in 1975 and 1976, but all bear the dual date “1776-1976” to signify the Bicentennial. No 1975-dated quarters were produced. While most were released into circulation, proof versions were also minted for collectors.
The Bicentennial quarters were produced in large quantities by the U.S. Mint at three primary locations: Philadelphia, Denver, and San Francisco. In addition to the standard circulation coins, proof and silver proof versions were produced specifically for collectors. Below is a breakdown of the mintages from each mint location, including the proof varieties.
Mint Mark
Mintage Amount
Notes
Philadelphia Mint (None)
809,784,016
Denver Mint “D”
860,118,839
San Francisco Mint “S”
– Clad Proof Strikes
7,059,099
– 40% Silver Uncirculated Strikes
11,000,000
– 40% Silver Proof Strikes
4,000,000
Coins from the Philadelphia Mint were struck for general circulation. Almost 810 million 1776 Quarters were issued without a mint mark. While they are not particularly rare, high-grade examples can still be valuable.
The Denver Mint produced the most significant number of coins: More than 860 million Bicentennial Quarters were issued with the “D” mint mark. Although most are worth their face value, a notable number of valuable error coins from the Denver Mint exist.
The San Francisco Mint produced Proof Bicentennial Quarters intended for collectors. These coins were issued in both clad and 40% silver variations.
Clad-proof strikes were produced as part of the standard proof sets sold to collectors, featuring a mirror-like finish. The mirror-like appearance of these proof coins provides a visual distinction against regular strikes.
San Francisco also issued two varieties of 1776-1976 Silver Quarters. The 40% silver uncirculated strikes were included exclusively in Uncirculated Sets.
Similarly, the 40% silver proof strikes were included in a unique three-coin Silver Proof Set, which also included the Bicentennial half-dollar and dollar coins.
Valuable 1976 Bicentennial Quarters
While over a billion 1776-1976 quarters were minted, just a fraction of them are worth more than their face value. The Bicentennial Quarter’s value depends on several factors, including condition, rarity, and whether it contains silver.
Full Drum Details
1976 Quarter with Full Drum Details (FDD)
Many of the coins destined for circulation contained weak strikes, and the details on the drum on the reverse are a sign to look for.
Quarters that have been circulated typically show signs of wear, diminishing their value. Uncirculated, Mint State and Proofs with high grades are generally worth more.
Mint State (M.S.): Bicentennial quarters that are graded MS65 or higher exhibit sharp details and few, if any, imperfections. Depending on the exact grade and market conditions, such coins are worth between $20 to $30.
1976-S 25c Silver Washington Quarter Proof PCGS PR69DCAM 40% Silver
Proofs are struck using a unique process that creates a mirror-like finish. The U.S. Mint sells these coins directly to collectors and never intended them for circulation. Bicentennial proof quarters, particularly those in perfect PR70 condition, can fetch prices ranging from $10 to $50 or more, depending on demand.
Bicentennial Quarter Error Varieties and Values
1776-1976 Bicentennial Quarter Doubled Die Varieties
Doubled die coins result from a minting error where the die used to strike the coins has a misaligned or doubled image. Bicentennial quarters with doubled die errors are rare and can be pretty valuable. The most famous doubled die variety for the Bicentennial quarter is found on the obverse, where the doubling is evident in the inscriptions “LIBERTY” or “IN GOD WE TRUST.” These coins can sell for $100 or more, depending on the extent of the doubling and the coin’s condition.
Off-Center Strikes
Off-center strikes occur when a coin is not correctly aligned with the die during striking, resulting in a missing portion of the design. Bicentennial quarters with significant off-center strikes are uncommon and can be worth several hundred dollars, especially if the date and design elements are still clearly visible.
1976 D Quarter, Double Clip
A clipped planchet is a coin struck on a metal blank that was not fully formed. These errors result in a coin with a missing section, usually along the edge. Bicentennial quarters with clipped planchets are relatively rare and can be worth $50 to $150 or more, depending on the size and location of the clip.
How to Verify Silver Bicentennial Quarters
There are a few methods you can use to tell if your Bicentennial quarter contains silver:
1776-1976 U.S. Mint Bicentennial Silver Uncirculated Set with Original Government Packaging (OGP)
Mint Mark: As mentioned earlier, Bicentennial silver quarters have an “S” mint mark, indicating they were struck at the San Francisco Mint.
Weight: Silver quarters weigh more than their clad counterparts. A 40% silver Bicentennial quarter weighs approximately 5.75 grams, compared to 5.67 grams for a copper-nickel-clad quarter.
Edge Inspection: The edge of a Bicentennial silver quarter will appear uniformly silver. In contrast, a clad quarter will show a distinct copper stripe along the edge due to the copper core.
Ping Test: Silver quarters produce a distinct, high-pitched ringing sound when dropped on a hard surface, unlike the duller sound of a clad coin.
Conclusion
The Bicentennial quarter is a beloved piece of American history, and while most are only worth their face value, some can be valuable. Quarters in high-grade condition, with mint errors, or those containing silver are the ones to look out for. Whether you’re a seasoned collector or a casual enthusiast, watching for these valuable coins can be rewarding and enjoyable.
If you come across a Bicentennial quarter in your pocket change, take a closer look—with silver prices trending higher, you might have a small piece of history worth more than you think.
For all bullion coins, the US Mint charges a premium over the prevailing spot price when selling newly minted coins to Authorized Purchasers. The premium covers the cost of manufacturing and distribution of the coins.
It’s been reported that the the US Mint notified distributors recently of the increase in the premium, from $2.95 to $3.05 per coin over the prevailing spot price, or roughly 3.8%. Retail investors should expect the increase in premiums to trickle down quickly from the wholesale level to bullion dealers.
US Mint just raised prices on Silver American Eagles to distributors. Now at $3.05 per coin over spot.
How the premium of American Eagle Silver Coins breaks down
With the silver price today at $27.93 per ounce, the overall wholesale premium of 9.15% premium added by the Mint at the wholesale level, making the wholesale cost to Authorized Purchasers $30.98 per coin.
Currently, the lowest dealer price is $32.58 per coin, which is a 16.65% premium over the spot silver price today.
At the retail level, the premium is $1.60 over spot, or roughly 6% over the wholesale cost. This markup that is shared between the wholesaler and retail bullion dealers.
We track prices from more than a dozen dealers for current year Silver Eagles, the highest currently has a premium of $8.70 per ounce over spot, a 31% premium.
The two largest APs that serve the retail precious metals market are APMEX and A-Mark. Each will have their own markup to downstream distributors and retailers. Coincidentally, A-Mark direct-to-consumer’s top brand, JM Bullion, along with APMEX, currently have some of the highest dealer premiums online.
Manufacturing American Eagle Silver Coins
The U.S. Mint acquires raw silver that meets the purity and sourcing standards that are prescribed into law. For the 1 oz American Eagle Silver Coin, the purity standard is .999, or 99.9% pure.
The U.S. Mint does not own the refineries that process the ore. Instead, it works with approved suppliers and refineries that meet specific standards.
These suppliers, including the Sunshine Mint, of which A-Mark owns a minority stake, provide the Mint with silver blanks, also known as planchets, which are the round metal discs that are then struck into coins.
The silver blanks are produced by rolling the refined silver into sheets and then punching out discs of the appropriate size and weight. The prepared planchets are then sent to the Mint’s facilities, where they are struck into coins.
This video from the US Mint on YouTube demonstrates the manufacturing process.
After striking, the coins are inspected for quality. Those that meet the standards are counted and packaged for distribution.
Newly minted investment grade American Silver Eagle Bullion coins are available only through retail precious metals and are sold in various packaging options, including tubes, monster boxes, and individual holders.
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