The 1940 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: 1940
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18084 oz.
Total Weight: 6.25 grams
Current Silver Bullion Value: $5.67
The US minted the 1940 quarter with no mint mark and also the 1940 D and 1940 S quarter. The mint mark, when present, can be found on the reverse side of the coin.
| Series | Location | Quantity Minted |
|---|---|---|
| 1940 | Philadelphia | 35,704,000 |
| 1940 D | Denver | 2,797,600 |
| 1940 S | San Francisco | 8,244,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $5.67. This melt value is calculated from the current silver spot price of $31.34 per ounce.
The 1940 quarter with no mint mark is worth around $10 in extremely fine condition. In uncirculated condition the price is around $25 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $55.
The 1940 D quarter is the most rare and valuable series. This coin is worth around $40 in extremely fine condition. In uncirculated condition the price is around $140 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $255.
The 1940 S quarter is worth around $12 in extremely fine condition. In uncirculated condition the price is around $35 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $60.
Proof coins with no mint mark are available and they are each valued at around $125 in PR 65 condition. There were only 11,246 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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