The Bicentennial Quarter, issued in 1976 to commemorate the 200th anniversary of the United States’ independence, has become a sought-after collectible, with certain rare specimens commanding high prices.
Although most of these quarters are common and valued at face value, a few have achieved remarkable valuations thanks to unique minting errors, exceptional condition, or distinctive characteristics.
Among them, one particular Bicentennial Quarter has been known to sell for nearly $40,000, while three others have crossed the $1,000 threshold.
This article explores these valuable coins, the factors that make them worth so much, and answers to common questions about Bicentennial Quarters.
The Bicentennial Quarter: A Brief History
The 1976 Bicentennial Quarter was part of a special series of coins released to commemorate America’s bicentennial. In addition to the quarter, the U.S. Mint also produced distinctive half dollars and dollar coins for this occasion.
These coins are notable for their dual date, “1776–1976,” and a unique reverse design. The reverse, designed by artist Jack L. Ahr, depicts a colonial drummer holding a torch and surrounded by 13 stars, representing the original colonies. The obverse side features the familiar portrait of George Washington.
Bicentennial Quarters: A Look at Their Value and Rarity
The Bicentennial Quarters were minted at three locations: Philadelphia (no mint mark), Denver (“D” mint mark), and San Francisco (“S” mint mark). The San Francisco Mint produced both proof and uncirculated silver versions, which tend to be more valuable than the standard copper-nickel coins. Despite over 1.6 billion quarters minted, certain factors can significantly enhance their value.
The Rare Bicentennial Quarter Valued at Nearly $40,000
One of the most notable Bicentennial Quarters sold for nearly $40,000 at auction. This impressive valuation stemmed from a combination of its exceptional condition and rarity.
- Grade and Condition: The coin was graded MS68 (Mint State 68) by the Professional Coin Grading Service (PCGS). Coins are assessed on a scale of 1 to 70, with 70 indicating a perfect specimen with no visible flaws. An MS68 grade is exceptionally rare for Bicentennial Quarters, as most exhibit minor imperfections due to handling.
- Silver Composition: This particular quarter was one of the 40% silver versions minted in San Francisco, which adds to its value compared to copper-nickel counterparts. The combination of pristine condition and silver content makes it highly sought after.
- Market Demand: High-quality Bicentennial Quarters, especially those containing silver, are in high demand among collectors. The competition for such near-perfect specimens drove its auction price close to $40,000.
Three More Bicentennial Quarters Worth Over $1,000
While the nearly $40,000 Bicentennial Quarter is remarkable, several other examples have also sold for over $1,000. Here are three noteworthy coins:
- 1976-S Silver Proof Bicentennial Quarter (PR70 Deep Cameo)
- Value: Up to $3,000
- Details: Proof coins are struck with a unique process that gives them a mirror-like finish and sharply defined details. A 1976-S Silver Proof Bicentennial Quarter graded PR70 Deep Cameo (DCAM) is considered flawless, with no visible imperfections. The “Deep Cameo” designation denotes a strong contrast between the frosted design and the reflective background, making these coins highly desirable.
- 1976-D Bicentennial Quarter with Mint Error (MS65)
- Value: Around $1,500
- Details: Mint errors significantly increase a coin’s value. A 1976-D Bicentennial Quarter with an error, such as an off-center strike or double die, can command over $1,000. For instance, a double die obverse error occurs when the die used to strike the coin is imprinted twice, leading to a doubled appearance of certain elements. An MS65 grade indicates that the coin is in excellent condition despite the error.
- 1976-P Bicentennial Quarter in Mint State (MS67)
- Value: Approximately $1,100
- Details: Even without mint errors, a well-preserved 1976-P Bicentennial Quarter can be valued over $1,000. Coins graded MS67 or higher are rare due to their excellent preservation and lack of wear. Their original luster and sharp details make these coins attractive to collectors, and their scarcity in higher grades boosts their market value.
Factors Influencing the Value of Bicentennial Quarters
Several key factors can impact the value of a Bicentennial Quarter:
- Grade and Condition: The preservation level of a coin is crucial in determining its value. Higher grades indicate better condition, with MS67 and above being particularly sought after.
- Composition: The 40% silver quarters minted in San Francisco are generally more valuable than the standard copper-nickel coins, as silver content enhances intrinsic value.
- Mint Errors: Errors such as double dies or off-center strikes can make a coin unique and collectible, with the rarity and visibility of the error affecting its value.
- Market Demand: The interest among collectors and market trends can influence the demand for high-grade Bicentennial Quarters. Coins that possess a mix of rarity, historical significance, and aesthetic appeal tend to command higher prices.
