The 1937 Washington Quarter is a valuable and historic coin that has captivated numismatists for decades. Initially worth just 25 cents, its significance and unique variations have made it one of the most sought-after coins in the world.
In this article, we will explore the top three most rare 1937 quarter coins, including the “D,” “S,” and No Mint Mark varieties. We’ll also delve into the value of these coins, the errors that increase their worth, and how to identify and grade them.
1937 Quarter Coin Overview
The 1937 Washington Quarter was minted during a critical time in American history, shortly after the Great Depression. The coin features George Washington’s profile on the obverse and an eagle with spread wings on the reverse.
While the 1937 quarter was produced in large quantities, certain varieties have become extremely valuable due to their rarity and the presence of minting errors.
Value of the 1937 Quarter
The value of the 1937 Washington Quarter can vary significantly depending on its mint mark, condition, and any errors it may have. Here’s a breakdown of the average value for the different mint marks:
| Mint Mark | Good | Fine | Extremely Fine | Uncirculated |
|---|---|---|---|---|
| No Mint Mark | $8.50 | $9.50 | $20 | $35 |
| D (Denver) | $9.00 | $12.50 | $25 | $67 |
| S (San Francisco) | $12.50 | $20 | $60 | $190 |
Grading the 1937 Quarter
Coin grading is essential for determining the value of the 1937 Washington Quarter. The coin’s condition is assessed based on the level of wear, luster, and the quality of the strike.
The grading scale ranges from “Basal State” (1) to “Mint State” (MS-70). Here’s a quick breakdown of common grades:
- Basal State (1): Heavily worn, barely recognizable
- Good (4-6): Major details visible with heavy wear
- Fine (12-15): Moderate wear with significant details intact
- Extremely Fine (40): Light wear on the highest points, sharp details
- Mint State (60-70): No wear, with brilliant luster and sharp details
The higher the grade, the more valuable the coin will be.
The 1937 No Mint Mark Quarter
The 1937 No Mint Mark Quarter was struck at the Philadelphia Mint, with a total mintage of 19,696,000 coins. Despite its higher production numbers, this coin is still sought after due to its clean design and historical significance.
Coins in excellent condition, with minimal wear and a shiny silver finish, are worth considerably more. The average price for a well-preserved No Mint Mark coin can range from $20 to $35, depending on the grade.
The 1937-D Quarter
The 1937-D Quarter, minted at the Denver Mint, has a mintage of 7,189,600 coins. The “D” mint mark appears on the reverse, beneath the eagle’s tail feathers.
This coin is especially desirable due to its historical context following the Great Depression. It is composed of 90% silver and 10% copper, with a weight of 6.25 grams. Coins in mint condition can fetch up to $7,931 for an MS-67+ grade, and they are highly valued by collectors.
The 1937-S Quarter
The 1937-S Quarter, struck at the San Francisco Mint, is one of the rarest coins in the 1937 series. With a mintage of just 1,000,000 coins, it is highly coveted by collectors.
The “S” mint mark appears below the eagle’s tail feathers on the reverse. High-grade specimens with sharp details and vibrant patinas can command prices upwards of $16,800 for an MS-67+ grade. The rarity of the 1937-S coin contributes to its exceptional value.
Rare Errors on the 1937 Quarter
Minting errors add another layer of rarity and value to the 1937 quarter. Some of the most notable errors include:
- Die Cracks: Raised lines on the coin due to damage or wear on the die.
- Cuds: Raised lumps caused by broken dies, typically found on the coin’s rim.
- Clipped Planchets: Missing portions of the coin’s edge due to incomplete blanks.
- Off-Center Strikes: The coin isn’t perfectly aligned during striking, creating a unique design.
- Double Dies: Double features caused by the die being struck twice, resulting in misalignment.
These errors make coins even more valuable, as they are considered unique and highly collectible.
Selling Your 1937 Quarter
If you have a 1937 quarter that you think may be valuable, getting it professionally graded is essential. You can sell your coin through online marketplaces, auction houses, or reputable coin dealers. Grading services like PCGS and NGC will authenticate your coin and provide an accurate valuation.
The 1937 Washington Quarter is not just a piece of currency; it is a valuable collector’s item with historical significance.
Whether it’s the No Mint Mark, D, or S variety, or even a rare error coin, these quarters have the potential to be worth thousands, or even millions, depending on their condition and rarity.
By understanding what makes these coins valuable, collectors can make informed decisions and potentially discover hidden treasures in their collections.
What is the value of a 1937 Washington Quarter?
The value can range from $8.50 to $190, depending on the mint mark, condition, and rarity of the coin.
How can I determine if my 1937 quarter is valuable?
The most important factors are the mint mark, grade, and any minting errors. Coins in excellent condition or with unique errors are typically worth more.
Where can I sell my 1937 Washington Quarter?
You can sell your 1937 quarter through online platforms, auction houses, or coin dealers who specialize in rare coins.
