The 1938 Washington quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Washington Quarter
Year: 1938
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18084 oz.
Total Weight: 6.25 grams
Current Silver Bullion Value: $5.36
The US minted the 1938 quarter with no mint mark and also the 1938 S quarter. The mint mark, when present, can be found on the reverse side of the coin.
| Series | Location | Quantity Minted |
|---|---|---|
| 1938 | Philadelphia | 9,472,000 |
| 1938 S | San Francisco | 2,832,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $5.36. This melt value is calculated from the current silver spot price of $29.62 per ounce.
The 1938 quarter with no mint mark is worth around $20 in extremely fine condition. In uncirculated condition the price is around $105 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $200.
The 1938 S quarter is worth around $30 in extremely fine condition. In uncirculated condition the price is around $95 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $165.
Proof coins with no mint mark are available and they are each valued at around $250 in PR 65 condition. There were only 8,045 proof coins minted.
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Grading System
Extremely fine- The hair lines look sharp. The only signs of wear are on the eagle's breast and at the top of the eagle's legs.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
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