The 1964 quarter is a significant coin for collectors and investors alike due to its composition and historical value. Minted during the final year of circulating 90% silver quarters, the 1964 Washington quarter is prized not only for its silver content but also for its numismatic value. So, how much is a 1964 quarter worth in 2024?
Let’s break it down into two categories: silver melt value and collectible (numismatic) value.
Contents
Silver Melt Value
The 1964 Washington quarter is composed of 90% silver and 10% copper, weighing 6.25 grams. The silver content of the coin is approximately 5.625 grams, which means its value is directly tied to the current silver price.
As of October 2024, the spot price of silver is approximately $22 per ounce. Since 1 ounce equals approximately 31.1035 grams, we can calculate the melt value of a 1964 quarter using the following formula:
- Silver Content (g): 5.625 grams
- Silver Price per Gram (as of Oct 2024): $22 ÷ 31.1035 = $0.707/g
Therefore:
Melt Value of 1964 Quarter = 5.625 grams × $0.707 per gram = $3.98
| Silver Price (per ounce) | Melt Value of 1964 Quarter |
|---|---|
| $18 | $3.26 |
| $22 | $3.98 |
| $25 | $4.52 |
| $30 | $5.43 |
Numismatic (Collector) Value
In addition to silver content, many collectors are willing to pay a premium for 1964 quarters depending on factors such as the coin’s condition, mint mark, and rarity.
Key Factors Affecting Collector Value:
- Condition (Grading): Higher grades, like MS-65 and above, can significantly increase the value of the quarter.
- Mint Marks: The 1964 quarters were minted in two locations: Philadelphia (no mint mark) and Denver (D mint mark). Generally, Denver-minted quarters tend to carry a slight premium.
- Errors: Some 1964 quarters with minting errors, such as double die varieties, can be worth considerably more.
Below is a table showing approximate values of 1964 quarters based on their condition and mint mark.
| Grade/Condition | No Mint Mark (Philadelphia) | D Mint Mark (Denver) |
|---|---|---|
| Good (G-4) | $3.98 (Melt Value) | $4.00 |
| Very Fine (VF-20) | $4.50 | $4.75 |
| Extremely Fine (EF-40) | $5.50 | $6.00 |
| About Uncirculated (AU-50) | $6.00 | $7.00 |
| Mint State (MS-60) | $10.00 | $12.00 |
| Mint State (MS-65) | $20.00 | $25.00 |
| Proof (PR-65) | $30.00 | N/A |
Notable Error Coins
Some 1964 quarters with mint errors or varieties have fetched higher prices due to their rarity. For example:
- 1964 Double Die Obverse (DDO): These can range from $50 to over $200 depending on the condition.
- 1964 “Off-Center Strike”: Prices for these error coins can range from $50 to $150, depending on the degree of the off-center strike.
Summary of 1964 Quarter Values in 2024
| Coin Type | Value Range |
|---|---|
| Standard 1964 Quarter (Melt) | $3.98 – $5.43 |
| Circulated Collector’s Grade | $4.50 – $7.00 |
| Uncirculated MS-60 to MS-65 | $10.00 – $25.00 |
| Proof Coins (PR-65) | $30.00+ |
| Error Coins | $50.00+ |
Conclusion
The value of a 1964 quarter in 2024 is influenced by both its silver content and its appeal to coin collectors. While the silver melt value is around $3.98 (depending on silver prices), collectors may pay between $4 and $25 for well-preserved, uncirculated examples. Rare error coins or high-grade proof versions can command even higher prices, making the 1964 quarter a fascinating coin for both investors and numismatists.
If you’re looking to buy or sell a 1964 quarter, be sure to consider both its melt and collector value to ensure you’re getting the best deal!
FAQ’s
What makes the 1964 quarter special?
It’s the last U.S. quarter made of 90% silver, making it valuable for both collectors and investors.
How much silver is in a 1964 quarter?
It contains 5.625 grams of silver, or 90% of its total weight of 6.25 grams.
How much is a 1964 quarter worth in 2024?
The silver melt value is around $3.98, but collectible versions can range from $4 to $25 or more, depending on condition and rarity.
Are all 1964 quarters valuable?
Yes, they all have value due to their silver content. Circulated coins are worth melt value, while uncirculated or rare ones can be worth much more.
How do I know if my 1964 quarter is rare or has errors?
Look for mint marks (like “D” for Denver), high grades, or errors like Double Die Obverse (DDO) or off-center strikes, which can increase value.
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