For many casual coin collectors and individuals who stumble upon a stash of old pocket change, the 1987 Washington quarter often goes unnoticed, buried among more modern coins. However, if you have found one of these in your collection, you might be curious about the Quarter Dollar 1987 value. While it might seem like just another piece of common currency, understanding the nuances of the minting process, the coin's condition, and the overall market demand can help you determine if your specific specimen is worth more than its face value of twenty-five cents.
Historical Context of the 1987 Washington Quarter
The 1987 Washington quarter was produced during a period when the U.S. Mint was focused on high-volume production for circulation. Unlike some years where mintages were drastically lower, the 1987 series saw a significant number of coins minted in both Philadelphia and Denver. Because these coins were produced in such massive quantities, most examples found in circulation today show significant signs of wear and tear, which ultimately limits their numismatic value to the standard face value.
Factors Influencing the Value of a 1987 Quarter
Determining the Quarter Dollar 1987 value is not a one-size-fits-all process. Several critical factors distinguish a standard coin from one that might interest a serious collector. Understanding these elements is essential for anyone looking to evaluate their collection:
- Condition (Grade): The most important factor. Coins that are in “Mint State” (MS)—meaning they have never been circulated and retain their original mint luster—are significantly more valuable than those found in pocket change.
- Mint Mark: The “P” (Philadelphia) and “D” (Denver) mint marks designate where the coin was produced. Both are common, but specific collector demand can vary slightly between the two.
- Error Varieties: Occasionally, a coin leaves the mint with a flaw, such as a doubled die or a clipped planchet. These errors are highly sought after and can command a premium price compared to standard issues.
- Grading Certification: Professional services like PCGS or NGC provide an objective grade for a coin. A certified MS-65 or higher grade drastically elevates the potential value.
Market Valuation Breakdown
To provide a clearer picture of how these coins are appraised in the current market, the following table breaks down typical values based on condition. Please note that these values represent estimates for raw coins and can fluctuate based on the specific market demand at the time of sale.
| Condition | Estimated Value (USD) |
|---|---|
| Circulated (Average) | $0.25 |
| Extremely Fine (EF-40) | $0.50 - $1.00 |
| Uncirculated (MS-63) | $2.00 - $5.00 |
| Gem Uncirculated (MS-65+) | $10.00 - $20.00+ |
⚠️ Note: Values provided in this table are subject to change based on current market trends and the specific aesthetic appeal of individual coins to collectors. Always consult a professional appraiser for high-value specimens.
Identifying Mint Marks and Varieties
To find the mint mark on your 1987 quarter, look at the obverse side of the coin, specifically to the right of George Washington’s ponytail. You will see either a “P” or a “D.” If there is no mark, it is technically an error of omission, though for this specific year, all coins were intended to have a mark. Collectors should use a magnifying glass to inspect the lettering for any signs of doubling, which is a common but highly prized error category for quarters of this era.
Preserving Your Coins
If you discover that you possess a 1987 quarter in excellent condition, preservation is key to maintaining its value. Collectors should never clean their coins, as the use of chemicals or abrasive cloths can permanently damage the surface and reduce the value by up to 90%. Instead, consider the following:
- Store coins in archival-quality flips or holders that are PVC-free.
- Handle coins only by their edges to avoid transferring skin oils.
- Keep the collection in a cool, dry place to prevent environmental damage or toning that might be perceived as unattractive.
💡 Note: Professional coin holders designed for long-term storage are essential for protecting the surface detail and preventing the environmental contamination of your metallic assets.
Determining if You Have a Rare Find
For those checking their change, the likelihood of finding a high-value 1987 quarter is low, but not impossible. The most valuable coins are usually those that were kept in original bank rolls or sets since 1987, as these remain in pristine, uncirculated condition. If you suspect your coin is of a higher grade, it is worth comparing your specimen against high-resolution photos available on reputable numismatic websites to look for surface scratches or heavy bag marks that occur during the minting and transport process.
Final Observations on Your Collection
While most 1987 quarters remain face-value items, the hobby of numismatics is built on the pursuit of the exceptional. Assessing the Quarter Dollar 1987 value requires a patient eye and an understanding of condition-based grading. For the average collector, these coins serve as a fascinating snapshot of late-80s American currency. If you manage to find one that exhibits perfect detail and a clean, untarnished surface, it may indeed be a modest addition to your collection’s value. Always remember that the worth of a coin is ultimately determined by what a collector is willing to pay for it, making it important to research current auction results if you believe you have a truly high-grade example in your possession. Happy hunting as you sort through your coins, and may you find that hidden gem within your collection.
Related Terms:
- 1987 quarter dollar worth today
- value 1987 quarter worth today
- value of 1987 p quarter
- 1987 quarter d mint mark
- 1987 canadian quarter worth
- 1987 d quarters worth money