Coinflation: Quarter intrinsic value and coin price

Last Update: November 20, 2009

1965 - 2009 Washington Quarter Value (United States)

U.S. MINT SPECIFICATIONS
Denomination:	$0.25
Obverse Image:	George Washington, first President of the United States.
Reverse Image:	1965-1974, 1977-1998: The presidential coat of arms (an eagle with outstretched wings). 1975-1976: Bicentennial (all were dated 1776-1976). 1999-2009: Statehood designs.
Metal Composition:	91.67% copper, 8.33% nickel
Total Weight:	5.67 grams
Comments:	It is sometimes referred to as two bits because two bits of a Spanish piece of eight coin made up a quarter of that coin's value. [ ? ]

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CALCULATING TODAY'S MELT VALUE (USD)

Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:

$3.0811

copper price / pound on Nov 20, 2009.

.9167

copper %

$7.5493

nickel price / pound on Nov 20, 2009.

.0833

nickel %

5.67

total weight in grams

.00220462262

pound/gram conversion factor (see note directly below)

The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.

1. Calculate 91.67% copper value :

    (3.0811 × .00220462262 × 5.67 × .9167) = $0.0353051

2. Calculate 8.33% nickel value :

    (7.5493 × .00220462262 × 5.67 × .0833) = $0.0078605

3. Add the two together :

    $0.0353051 + $0.0078605 = $0.0431656

$0.0431656 is the melt value for the 1965-2009 quarter on November 20, 2009.

← Calculate the value of your own coins.

MINTAGE AND COLLECTIBLE VALUE (USD)

The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).
Year	Mintage	Numismatic Value Range
1983	673,535,000	$0.25 - $40.00
2004 Wisconsin (extra leaf)	12,000 (est)	$40.00 - $3000.00
If you think a coin should be added/subtracted, please send an email. If you're interested in learning more about grading coins, Photograde is an excellent resource.

EBAY AUCTIONS - WASHINGTON QUARTERS

I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.

View all Washington Quarter auctions or those with the least time left (below).

CHARTS
Long-term metal price charts for the Washington quarter: