How Much Is A 1964 Quarter Worth In Today's Market?

The worth of a 1964 quarter primarily depends on its silver content and condition, with prices fluctuating based on the current silver market; let how.edu.vn provide you with a more precise evaluation. Determining the value of a 1964 quarter involves assessing its condition, rarity, and any unique minting errors. Explore factors like the melt value, uncirculated condition, and potential collector’s interest to understand its true worth, whether you’re a coin collector or simply curious.

1. What Makes the 1964 Quarter Special?

The 1964 quarter is special because it marks the end of an era in American coinage, being the last year these coins were minted with a 90% silver composition. Prior to 1965, United States quarters were made of 90% silver and 10% copper. The Coinage Act of 1965 removed silver from dimes and quarters due to rising silver prices and a shortage of the metal. This act shifted the composition of quarters to a clad metal consisting of outer layers of 75% copper and 25% nickel bonded to a core of pure copper. The 1964 quarter, therefore, stands as the final issue of the traditional silver quarter, making it a significant piece for collectors and those interested in the history of U.S. currency.

Historical Significance: The 1964 quarter is the last U.S. quarter made of 90% silver, marking the end of an era in American coinage.
Composition: It comprises 90% silver and 10% copper, giving it intrinsic metal value.
Transition: The Coinage Act of 1965 changed the composition of dimes and quarters, removing silver due to rising silver prices and shortages.
Collectible Item: Due to its silver content and historical context, the 1964 quarter is highly sought after by collectors.

2. What Factors Influence the Value of a 1964 Quarter?

Several factors influence the value of a 1964 quarter, including its condition, mint mark, silver content, and any potential errors. The most significant aspect is its silver content, which gives it intrinsic value tied to the spot price of silver. Here’s a breakdown:

2.1. Silver Content

The 1964 quarter is made of 90% silver and 10% copper, giving it a melt value that fluctuates with the current price of silver.

2.2. Condition

The coin’s condition significantly impacts its value. Coins are graded on a scale, with higher grades indicating better preservation and thus higher value. Common grades include:

Poor/Fair: Heavily worn with significant damage.
Good: Worn but with major details visible.
Very Good: Moderately worn with some details clear.
Fine: Shows moderate wear with all details visible.
Very Fine: Light wear with sharp details.
Extremely Fine (EF): Very light wear with almost all details sharp.
About Uncirculated (AU): Minor trace of wear; most details are sharp.
Uncirculated (MS): Mint state with no wear; original luster is present.

2.3. Mint Mark

The mint mark indicates where the coin was produced. The 1964 quarters were minted at three locations:

No Mint Mark (Philadelphia): Coins minted in Philadelphia.
D (Denver): Coins minted in Denver.
S (San Francisco): Coins minted in San Francisco.

The mint mark is typically found on the reverse side of the coin, below the eagle.

2.4. Rarity and Demand

While millions of 1964 quarters were minted, certain mint marks or error coins can be rarer and more valuable. Demand from collectors also plays a crucial role in determining the coin’s market value.

2.5. Errors

Minting errors can significantly increase a coin’s value. Common errors include:

Off-Center Strikes: The design is not centered on the coin.
Double Dies: The design appears doubled due to a misaligned die.
Blank Planchets: Coins minted without a design.

2.6. Key Takeaways

Factor	Description	Impact on Value
Silver Content	90% silver, 10% copper	Base value determined by the current spot price of silver
Condition	Graded on a scale from Poor to Uncirculated	Higher grades command higher prices
Mint Mark	Philadelphia (no mark), Denver (D), San Francisco (S)	Rarity varies; errors can increase value
Rarity and Demand	Limited mintages or unique characteristics	Increases value due to collector interest
Errors	Minting mistakes such as off-center strikes or double dies	Can significantly increase value depending on the type and visibility of the error

3. How To Determine The Value Of Your 1964 Quarter Step-By-Step

To accurately determine the value of your 1964 quarter, follow these steps:

3.1. Step 1: Identify the Mint Mark

Locate the mint mark on the reverse side of the coin. It will be below the eagle, near the bottom of the coin. Note whether it is “D” for Denver, “S” for San Francisco, or if there is no mint mark, indicating it was minted in Philadelphia.

3.2. Step 2: Assess the Condition

Carefully examine the coin to determine its condition. Use the grading scale as a guide:

Poor/Fair: Heavily worn with significant damage.
Good: Worn, but major details are visible.
Very Good: Moderately worn with some details clear.
Fine: Shows moderate wear with all details visible.
Very Fine: Light wear with sharp details.
Extremely Fine (EF): Very light wear with almost all details sharp.
About Uncirculated (AU): Minor trace of wear; most details are sharp.
Uncirculated (MS): Mint state with no wear; original luster is present.

3.3. Step 3: Check for Errors

Look for any minting errors, such as off-center strikes, double dies, or blank planchets. Errors can significantly increase the coin’s value.

3.4. Step 4: Determine the Silver Melt Value

The melt value is the intrinsic worth of the silver in the coin. To calculate this:

Find the current spot price of silver per ounce.
A 1964 quarter contains 0.18084 troy ounces of silver.
Multiply the spot price by 0.18084 to get the melt value.

For example, if silver is $30 per ounce:

Melt Value = $30 x 0.18084 = $5.4252

The melt value provides a baseline for what the coin is worth, regardless of its condition or mint mark.

3.5. Step 5: Consult Price Guides and Online Resources

Use reputable coin price guides and online resources to get an estimated value based on the coin’s condition and mint mark. Some useful resources include:

NGC Coin Explorer: Provides values based on grade and mint mark.
PCGS Price Guide: Offers similar information and historical data.
eBay Sold Listings: Search for recently sold 1964 quarters with similar conditions and mint marks to gauge current market prices.

3.6. Step 6: Seek Professional Appraisal (Optional)

If you believe your coin is particularly rare or in exceptional condition, consider getting it professionally appraised by a numismatist. Professional appraisers can provide an accurate assessment of the coin’s grade and value.

3.7. Key Takeaways

Step	Description	Expected Outcome
Identify the Mint Mark	Locate and identify the mint mark (or lack thereof) on the reverse side of the coin.	Determine the mint location, which affects rarity and value.
Assess the Condition	Carefully examine the coin to determine its condition using the standard grading scale.	Estimate the grade of the coin, which is a primary factor in its value.
Check for Errors	Inspect the coin for any minting errors, such as off-center strikes or double dies.	Identify potential errors that could significantly increase the coin’s value.
Determine Silver Melt Value	Calculate the intrinsic worth of the silver content by multiplying the current spot price of silver by the silver content of the coin.	Establish a baseline value for the coin based on its silver content.
Consult Price Guides	Use reputable coin price guides and online resources to get an estimated value based on the coin’s condition and mint mark.	Obtain a range of values based on recent sales and expert estimates.
Seek Professional Appraisal	If necessary, have the coin appraised by a professional numismatist.	Receive an accurate assessment of the coin’s grade and market value, especially for rare or high-value coins.

By following these steps, you can get a comprehensive understanding of your 1964 quarter’s value.

4. What Are Examples Of 1964 Quarter Values In Different Conditions?

The value of a 1964 quarter varies significantly depending on its condition, mint mark, and the current price of silver. Here are some examples of values based on different conditions and mint marks:

4.1. Circulated Condition

For coins in circulated condition (i.e., showing signs of wear), the value is primarily determined by the silver melt value. As of 2024, with silver at approximately $30 per ounce, the melt value of a 1964 quarter is around $5.43.

Good Condition: $5.43 (melt value)
Very Good Condition: $5.50 – $6.00
Fine Condition: $6.00 – $7.00

4.2. Uncirculated Condition

Uncirculated coins (i.e., those in mint state with no wear) are more valuable to collectors.

MS-63 (Mint State 63): $15 – $25
MS-65 (Mint State 65): $30 – $50
MS-67 (Mint State 67): $75 – $150+

4.3. Mint Mark Variations

The mint mark can also affect the value, though the differences are generally minor for common 1964 quarters.

1964 (Philadelphia, No Mint Mark):
- Circulated: $5.43 (melt value)
- MS-63: $15 – $20
1964-D (Denver):
- Circulated: $5.43 (melt value)
- MS-63: $15 – $25
1964-S (San Francisco):
- Circulated: $5.50 (slightly higher due to lower mintage)
- MS-63: $20 – $30

4.4. Error Coins

Error coins can command significant premiums. Examples include:

Double Die Obverse: Values can range from $100 to $500+, depending on the severity and visibility of the doubling.
Off-Center Strike: Values can range from $50 to $200+, depending on the degree of the off-center strike.

4.5. Key Takeaways

Condition	Mint Mark	Approximate Value	Factors Affecting Value
Circulated (Good)	Any	$5.43 (melt value)	Primarily based on silver content; minimal collector premium.
Circulated (Fine)	Any	$6.00 – $7.00	Slightly higher due to better condition and more visible details.
Uncirculated (MS-63)	Philadelphia	$15 – $20	Collector interest; higher grade indicates better preservation.
Uncirculated (MS-63)	Denver	$15 – $25	Higher mintages may slightly lower the value compared to San Francisco.
Uncirculated (MS-63)	San Francisco	$20 – $30	Lower mintage can increase value due to relative scarcity.
Error Coin (Double Die)	Any	$100 – $500+	Significant premium due to rarity and collector demand; value depends on the clarity and severity of the error.
Error Coin (Off-Center)	Any	$50 – $200+	Premium due to the visual appeal and rarity of the error; value depends on the degree of the off-center strike and overall coin condition.

These values are approximate and can vary based on market conditions and specific buyer interest.

5. What Are The Most Common Errors Found On 1964 Quarters And How Do They Affect Value?

Several types of errors can be found on 1964 quarters, and these errors can significantly increase the coin’s value depending on their rarity and visibility. Here are some of the most common errors:

5.1. Double Die Errors

A double die error occurs when the die used to strike the coin has a doubled or misaligned impression. This results in a doubling of the design elements on the coin. Double die errors can occur on the obverse (front) or reverse (back) of the coin.

Appearance: Look for doubling in the lettering (e.g., “LIBERTY,” “IN GOD WE TRUST”), the date, or the design elements (e.g., Washington’s profile, the eagle).
Value Impact: A 1964 quarter with a noticeable double die error can be worth significantly more than a regular quarter. The value depends on the severity and visibility of the doubling, ranging from $100 to $500 or more.

5.2. Off-Center Strikes

An off-center strike occurs when the coin is not properly aligned during the striking process, resulting in the design being off-center.

Appearance: Part of the design is missing, and the opposite side of the coin may show a blank area.
Value Impact: The value of an off-center strike depends on the degree of the off-center. A coin with a minor off-center strike may not be worth much more than its silver value, but a coin with a significant off-center strike (e.g., 50% or more of the design missing) can be worth $50 to $200 or more.

5.3. Clipped Planchets

A clipped planchet occurs when the coin is struck on a planchet (the blank metal disc) that has a portion missing, resulting in a curved or straight clip on the edge of the coin.

Appearance: The coin has a smooth, curved, or straight edge where a portion of the metal is missing.
Value Impact: The value of a clipped planchet error depends on the size and location of the clip. Values typically range from $20 to $100 or more.

5.4. Blank Planchets

A blank planchet error occurs when a coin is struck on a blank planchet without any design.

Appearance: The coin is a smooth, blank disc of metal with no design elements.
Value Impact: Blank planchet errors are relatively rare and can be worth $50 to $200 or more, depending on the coin’s condition and the collector demand.

5.5. Lamination Errors

Lamination errors occur when the layers of metal that make up the coin’s planchet separate, creating a peeling or flaking effect on the coin’s surface.

Appearance: The coin’s surface shows peeling, flaking, or areas where the metal layers have separated.
Value Impact: The value of a lamination error depends on the severity and visibility of the lamination. Values typically range from $10 to $50 or more.

5.6. Key Takeaways

Error Type	Description	Appearance	Value Impact
Double Die	The die used to strike the coin has a doubled or misaligned impression, resulting in doubling of design elements.	Doubling of lettering, date, or design elements.	$100 to $500+ depending on severity and visibility.
Off-Center Strike	The coin is not properly aligned during striking, resulting in the design being off-center.	Part of the design is missing; the opposite side may show a blank area.	$50 to $200+ depending on the degree of the off-center strike.
Clipped Planchet	The coin is struck on a planchet with a portion missing.	A smooth, curved, or straight edge where a portion of the metal is missing.	$20 to $100+ depending on the size and location of the clip.
Blank Planchet	The coin is struck on a blank planchet without any design.	A smooth, blank disc of metal with no design elements.	$50 to $200+ depending on condition and collector demand.
Lamination Error	The layers of metal that make up the coin’s planchet separate, creating a peeling or flaking effect on the coin’s surface.	Peeling, flaking, or areas where the metal layers have separated.	$10 to $50+ depending on the severity and visibility of the lamination.

Identifying these errors requires careful examination of the coin. If you suspect you have an error coin, consulting with a professional numismatist is recommended to get an accurate assessment of its value.

6. Where Can You Sell A 1964 Quarter?

If you have a 1964 quarter that you believe is worth more than its melt value, here are several places where you can sell it:

6.1. Local Coin Shops

Local coin shops are a great starting point for selling your 1964 quarter. These shops specialize in buying and selling coins, and the staff usually have expertise in evaluating coins.

Pros:
- Expert Evaluation: Coin shop owners can assess the condition and authenticity of your coin.
- Immediate Offer: You can receive an immediate offer for your coin.
- Convenience: Local shops are easily accessible for in-person transactions.
Cons:
- Lower Prices: Coin shops may offer lower prices because they need to make a profit.
- Limited Market: They may not be the best option for rare or high-value coins.

6.2. Coin Shows

Coin shows are events where coin dealers and collectors gather to buy, sell, and trade coins. Attending a coin show can expose you to a wider market of potential buyers.

Pros:
- Multiple Buyers: You can get offers from multiple dealers, potentially increasing your selling price.
- Networking: You can meet other collectors and dealers, which can be valuable for future transactions.
- Educational Opportunity: You can learn more about coin collecting and the value of different coins.
Cons:
- Time Commitment: Attending a coin show can take up a significant amount of time.
- Travel Costs: You may need to travel to attend a coin show, incurring additional expenses.

6.3. Online Auction Sites (eBay, Heritage Auctions)

Online auction sites like eBay and Heritage Auctions can provide a broad platform for selling your 1964 quarter to a global audience.

Pros:
- Large Audience: You can reach a large number of potential buyers.
- Competitive Bidding: Auction-style selling can drive up the price of your coin.
- Convenience: You can sell your coin from the comfort of your home.
Cons:
- Fees: Auction sites charge fees for listing and selling coins.
- Shipping: You are responsible for shipping the coin to the buyer, which can be risky.
- Risk of Scams: There is a risk of encountering fraudulent buyers or sellers.

6.4. Online Coin Dealers

Several online coin dealers specialize in buying and selling coins. These dealers offer a convenient way to sell your 1964 quarter without the need for in-person transactions.

Pros:
- Convenience: You can sell your coin from home.
- Competitive Offers: Online dealers often provide competitive offers based on the coin’s condition and market value.
- Secure Transactions: Reputable online dealers offer secure payment and shipping options.
Cons:
- Shipping Risks: You need to ship your coin to the dealer, which can be risky.
- Evaluation Uncertainty: You rely on the dealer’s evaluation of your coin, which may differ from your own assessment.

6.5. Numismatic Certification Services (NGC, PCGS)

If you believe your 1964 quarter is particularly valuable, you can have it graded and certified by a numismatic certification service like NGC (Numismatic Guaranty Corporation) or PCGS (Professional Coin Grading Service).

Pros:
- Professional Grading: Certification services provide an expert assessment of the coin’s condition and authenticity.
- Increased Value: Certified coins often sell for higher prices due to the assurance of their grade and authenticity.
- Marketability: Certified coins are easier to sell because they are more trusted by buyers.
Cons:
- Fees: Certification services charge fees for grading and certification.
- Time: The certification process can take several weeks or months.

6.6. Key Takeaways

Selling Venue	Pros	Cons	Best For
Local Coin Shops	Expert evaluation, immediate offer, convenience.	Lower prices, limited market.	Quick sales of common coins with minimal effort.
Coin Shows	Multiple buyers, networking, educational opportunity.	Time commitment, travel costs.	Maximizing price through competitive offers and networking with collectors.
Online Auction Sites (eBay)	Large audience, competitive bidding, convenience.	Fees, shipping responsibilities, risk of scams.	Reaching a broad market and potentially driving up the price through competitive bidding.
Online Coin Dealers	Convenience, competitive offers, secure transactions.	Shipping risks, evaluation uncertainty.	Selling from home with competitive offers from reputable dealers.
Certification Services (NGC, PCGS)	Professional grading, increased value, marketability.	Fees, time.	High-value coins where professional grading can significantly increase marketability and price.

Choosing the right venue depends on the value of your coin, your selling goals, and your willingness to invest time and effort in the selling process.

7. How Has The Price Of Silver Affected The Value Of 1964 Quarters Over Time?

The price of silver has a direct and significant impact on the value of 1964 quarters over time. Since these quarters are made of 90% silver, their intrinsic value is closely tied to the spot price of silver. Here’s a detailed look at how the price of silver affects the value of 1964 quarters:

7.1. Direct Correlation

The most straightforward impact of silver prices on 1964 quarters is their melt value. The melt value is the intrinsic worth of the silver content in the coin. As the spot price of silver increases, the melt value of the quarter also increases, and vice versa.

Calculation: A 1964 quarter contains approximately 0.18084 troy ounces of silver. To determine the melt value, multiply the current spot price of silver per ounce by 0.18084.

7.2. Historical Trends

Historically, fluctuations in the price of silver have mirrored the value of 1964 quarters. For example:

Periods of High Silver Prices: During periods when silver prices have surged (e.g., in the late 1970s and early 2010s), the value of 1964 quarters has also increased significantly. People were more willing to pay a premium for these coins due to their intrinsic metal value.
Periods of Low Silver Prices: Conversely, when silver prices have declined, the value of 1964 quarters has also decreased, although they still retain a value based on their silver content.

7.3. Collector Demand

While the silver price sets a baseline for the value of a 1964 quarter, collector demand can add a premium to this value, particularly for coins in better condition or with rare mint marks or errors.

High Silver Price & High Demand: When silver prices are high and collector demand is strong, the value of 1964 quarters can significantly exceed their melt value.
Low Silver Price & Low Demand: When silver prices are low and collector demand is weak, the value of 1964 quarters may hover closer to their melt value.

7.4. Economic Factors

Economic factors such as inflation, interest rates, and global economic stability also influence both the price of silver and the demand for precious metals like silver.

Inflation: During times of high inflation, investors often turn to precious metals as a hedge against inflation, driving up the price of silver and, consequently, the value of 1964 quarters.
Economic Uncertainty: Economic uncertainty and instability can also increase demand for silver as a safe-haven asset, impacting the value of 1964 quarters.

7.5. Market Sentiment

Market sentiment and speculation also play a role in the price of silver. Positive sentiment and speculative buying can drive up silver prices, while negative sentiment can lead to declines.

Positive Sentiment: Positive news about industrial demand for silver or supply shortages can lead to increased buying and higher prices.
Negative Sentiment: Concerns about economic growth or increased silver production can lead to selling pressure and lower prices.

7.6. Key Takeaways

Factor	Description	Impact on 1964 Quarter Value
Spot Price of Silver	The current market price of silver per ounce.	Directly impacts the melt value of the quarter; higher silver prices increase the quarter’s intrinsic worth.
Historical Trends	Past fluctuations in silver prices and their corresponding impact on the value of 1964 quarters.	Provides a context for understanding how silver prices have historically influenced the value of these coins.
Collector Demand	The level of interest from coin collectors in acquiring 1964 quarters.	Can add a premium to the silver value, especially for coins in better condition or with rare features.
Economic Factors	Macroeconomic conditions such as inflation, interest rates, and global economic stability.	Influence both the price of silver and the demand for precious metals, indirectly affecting the quarter’s value.
Market Sentiment	The overall attitude and speculation in the silver market.	Positive sentiment can drive up silver prices, while negative sentiment can lead to declines, both affecting the quarter’s value.

Understanding these factors can help you make informed decisions about buying, selling, or holding 1964 quarters.

8. Are There Any 1964 Quarter Varieties Or Minting Peculiarities That Significantly Increase Its Value?

Yes, there are indeed certain 1964 quarter varieties and minting peculiarities that can significantly increase their value. These variations are often the result of errors during the minting process or unique characteristics that set them apart from the standard coins. Here are some notable examples:

8.1. 1964 Double Die Obverse (DDO)

A Double Die Obverse (DDO) occurs when the die used to strike the coin has a doubled or misaligned impression on the obverse (front) side. This results in a doubling of design elements, such as the lettering (e.g., “LIBERTY,” “IN GOD WE TRUST”), the date, or Washington’s profile.

How to Identify: Look closely at the obverse of the coin for any signs of doubling, particularly around the lettering and date. Use a magnifying glass or a loupe for a detailed examination.
Value Impact: A 1964 quarter with a noticeable DDO can be worth significantly more than a regular quarter. The value depends on the severity and visibility of the doubling. Well-defined DDO examples can range from $100 to $500 or more.

8.2. 1964 Off-Center Strike