1962-D Washington Quarter : A Collector’s Guide

By Charles Morgan and Hubert Walker for CoinWeek Notes …..
 

Demand for circulating cash by no means eased by fiscal years 1962 and 1963, forcing the Denver Mint to function three eight-hour shifts to provide cash across the clock. Whereas greater than 70% of the full cash struck had been Lincoln Cents, Denver struck a then-record 127,554,756 Washington Quarters in 1962. The final time any department struck greater than 100 million quarters was in 1944.

Issues to Know Earlier than You Purchase or Promote a 1962-D Washington Quarter

The 1962-D Washington Quarter is a 90% silver quarter that was produced in giant portions and issued into circulation, as unremarkable as every other silver coin present in change. After the United States Mint deserted silver coinage in favor of copper-nickel clad sandwich steel cash, the Treasury Division started to take away silver cash from circulation. The general public additionally started to take away the coin; some collected tons of, others hundreds of {dollars} in face worth.

A 90% silver quarter incorporates roughly 0.1808 troy ounces of silver and its basal worth will at all times be linked to the prevailing value of silver and not the said worth of 25 cents. In typical circulated situation, these cash commerce continuously on websites like eBay, however a neighborhood place to purchase or promote silver Washington Quarters is likely to be a neighborhood jewellery retailer, bullion vendor, or pawn store.

Mint State examples of the 1962-D Washington Quarter are not present in circulation, however they’re frequent. One method to purchase the 1962-D Quarter, together with each different coin issued for circulation in 1962, is to buy a 1962 Uncirculated Coin Set. These units had been offered at a problem value of $2.40 ($25.24 in 2024 {dollars}). A complete of 385,285 units had been offered and whereas many had been damaged up through the years, sealed units or units in good situation can nonetheless be discovered for about $50 every.

Uncirculated 1962-D Washington Quarters had been additionally saved in roll amount by speculators hoping that the rising coin market of the Nineteen Sixties would yield excessive income for his or her face worth coin funding. Right this moment, these rolls promote for about $375, and Selection Uncirculated 1962-D Washington Quarter singles promote for about $10 every.

The worth of the 1962-D Washington Quarter opens up as soon as the coin has been licensed by a number one grading service. You will need to perceive that the method of certification prices cash. To ensure that a submitter to revenue from the certification of a 1962-D Washington Quarter, the coin’s sale value should exceed its worth as a uncooked coin plus the grading charges. Due to this, it is just value submitting a 1962-D Washington Quarter for grading if the coin is a powerful MS66 or shot MS67 coin. In MS66, the 1962-D sells for about $60. In MS67 or finer, the value is significantly greater.

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1962-D Washington Quarter Market Information and Noteworthy Specimens

The licensed 1962-D Washington Quarter market is a cautionary story for these fashionable cash in ultra-high grades as investments. The next data gives historic context and examines the highest populations of licensed cash. We additionally hint the appearances and costs of a number of high-grade licensed specimens in public auctions and different gross sales within the twenty first century.

On April 19, 2012, Heritage offered the George’s Military Assortment, which included a prime pop, pop two 1962-D Washington Quarter Greenback graded MS67 by PCGS. That coin introduced a file value of $18,400.

Lower than a 12 months later, Dr. David Poole offered his assortment, which included the opposite PCGS MS67 1962-D quarter greenback. That coin was totally sensible and introduced $16,450.

Quick ahead seven years later, and the Poole coin offered once more, this time for $2,640. At this level, the PCGS MS67 inhabitants had risen from two to 16 with three finer. This 80% lower in worth was considerably predictable since uncertified uncirculated 1962-D quarters aren’t scarce. The truth is, there are way more ungraded Mint State 1962-D quarters than there are examples in NGC and PCGS holders.

Prime Inhabitants: PCGS MS67+ (5, 12/2024), NGC MS67+ (9, 12/2024), and CAC MS67 (9:2 stickered:graded, 12/2024).

• PCGS MS67+ CAC #36625409: “The Washington Rainbows Assortment”, Stack’s Bowers, March 25, 2021, Lot 2352 – $5,280. Washington Rainbows on insert. Pronounced rust-colored peripheral firming with a skinny band of blue and inexperienced. Sensible reverse.
• NGC MS67+ CAC #6069231-004: GreatCollections, July 25, 2021, Lot 1005952 – View. Sensible.
• PCGS MS67+ CAC #30975648: As NGC MS67 CAC #3571456-002. Heritage Auctions, April 23, 2014, Lot 3547 – $3,718.75. As PCGS MS67+ CAC #30975648. Heritage Auctions, January 8, 2015, Lot 4796 – $7,637.50. Crossed over to PCGS. Upgraded one-half level. Prime pop, pop one when offered.; David Lawrence Uncommon Cash, March 22, 2020, Lot 4296 – $5,250; GreatCollections, June 20, 2021, Lot 990971 – View. PQ inexperienced, gold, orange, and russet firming on the obverse. Trace of those colours within the fields of the reverse.
• NGC MS67+ #5862962-003: GreatCollections, March 7, 2021, Lot 951202 – View.
• NGC MS67+ #5716170-004: GreatCollections, December 13, 2020, Lot 801520 – View. Purple and gold firming.
• PCGS MS67+ #38669659: As PCGS MS67 #36065627: “Sundown Assortment, Half 62”, GreatCollections, January 27, 2019, Lot 665433 – View; As PCGS MS67+ #38172924. GreatCollections, November 17, 2019, Lot 674172 – View. Regraded. Upgraded one-half level. As PCGS MS67+ #38669659. GreatCollections, August 16, 2020, Lot 862454 – View. Regraded. Gold and brown rim firming on the left aspect of the obverse and reverse.
• NGC MS67 #251445-019: Heritage Auctions, June 4, 2015, Lot 3723 – $1,292.50; Stack’s Bowers, June 16, 2022, Lot 4744 – $660. Tarnish alongside the within of the rim.
• PCGS MS67 #29620117: Heritage Auctions, July 10, 2014, Lot 3745 – $9,400; “Charlie O’s Assortment”, Heritage Auctions, June 7, 2019, Lot 3734 – $3,600 ; Heritage Auctions, Could 4, 2022, Lot 3487 – $1,920. Sensible.
• PCGS MS67 #42213773: Heritage Auctions, August 20, 2021, Lot 3769 – $3,120. Darkish rainbow firming on either side.
• PCGS MS67 #40189656: Stack’s Bowers, December 18, 2020, Lot 2198 – $1,680; Heritage Auctions, February 25, 2021, Lot 7051 – $2,520. Tarnished.
• NGC MS67 #5748573-005: Heritage Auctions, December 1, 2020, Lot 21318 – $780. Goldenrod firming blended with apricot on the obverse. Wispy firming in comparable colours on the reverse.
• PCGS MS67 CAC #24952459: “The Dr. David Poole Assortment of Silver Washington Quarters”, Heritage Auctions, January 10, 2013, Lot 5621 – $16,450. On the time of the sale, prime pop, pop two; Heritage Auctions, August 3, 2020, Lot 3173 – $2,640. Sensible. On the time of the sale, pop risen to fifteen with three finer.
• NGC MS67 #5716103-007: Heritage Auctions, June 7, 2020, Lot 7166 – $871.20. Mottled firming.
• NGC MS67 #1887128-002: Heritage Auctions, June 5, 2020, Lot 3476 – $1,020. Scattered brown firming.
• NGC MS67 CAC #4914951-007: David Lawrence Uncommon Cash, Could 24, 2020, Lot 7125 – $1,151. Sensible.
• PCGS MS67 #28605544: Heritage Auctions, February 4, 2014, Lot 5131 – $15,275; Stack’s Bowers, August 2015, Lot 400 – Passed; Stack’s Bowers, April 1, 2016, Lot  16306 – $4,000 Reserve Not Met; “The Centurion Assortment”, GreatCollections, February 18, 2018, Lot 533890 – View; Heritage Auctions, June 14, 2018, Lot 3755 – $2,880; Heritage Auctions, November 9, 2018, Lot 3649 – $2,880; GreatCollections, August 4, 2019, Lot 724414 – View; GreatCollections, Could 31, 2020, Lot 843189 – View. Sensible.
• NGC MS67 #4659500-001: Stack’s Bowers, October 24, 2018, Lot 483 – $1,110. Mottled firming.
• PCGS MS67 #35761518: Stack’s Bowers, August 17, 2018, Lot 3258 – $2,160. Sensible.
• PCGS MS67 #83774118: Heritage Auctions, July 6, 2017, Lot 3083 – $3,760; Heritage Auctions, November 2, 2017, Lot 16533 – $3,840; “The 5 Generations of Eby Assortment”, Heritage Auctions, January 11, 2019, Lot 5054 – $2,400. Sensible. Tick on cheek. Skinny curved scratch to proper of Washington’s hair.
• PCGS MS67 #30861334: Heritage Auctions, January 29, 2015 – $5,170; “The jwb1040 Assortment”, Heritage Auctions, February 22, 2018, Lot 3661 – $5,040. Rust, gold, and inexperienced rim firming.
• PCGS MS67 #30154213: Heritage Auctions, January 8, 2015, Lot 4795 – $4,758.75. Sensible.
• PCGS MS67 #25262019: Heritage Auctions, December 4, 2014, Lot 3575 – $5,875. Brown, inexperienced and crimson firming on the obverse.
• NGC MS67 #4005777-018: Heritage Auctions, February 3, 2014, lot 3776 – $2,585; “The Michael C. Hollen Assortment”, Heritage Auctions, July 7, 2017, Lot 3710 – $1,057.50. Tarnished.
• NGC MS67 #3664108-006: Heritage Auctions, July 12, 2013, Lot 4090 – $7,343.75. Sensible.
• NGC MS67 #251118-005: Heritage Auctions, September 7, 2012, Lot 3955 – $1,410. Sensible.
• PCGS MS67 #18500660: “The George’s Military Assortment’, Heritage Auctions, April 19, 2012, Lot 5107 – $18,400. George’s Military Assortment on insert. On the time of the sale, prime pop, pop two. Crescent darkish rainbow toned obverse and reverse.
• NGC MS67 W #145467-025: Heritage Auctions, July 16, 2002, Lot 15307 – $718.75; Heritage Auctions, Could 2, 2003, Lot 6367 – $1,995; Heritage Auctions, October 24, 2019, Lot 7321 – $960. W denotes sensible.
• NGC MS67 #249817-016: Heritage Auctions, March 6, 2007, Lot 13342 – $833.75.
• NGC MS67 #251445-018: Heritage Auctions, November 5, 2004, Lot 6833 – $747.50. Tarnished.
• NGC MS67 #251118-006: “The Col. Carmine Penta Assortment”, Heritage Auctions, February 27, 2003, Lot 6896 – $4,312.50.

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Design

Obverse:

Designed by John Flanagan, the obverse of the 1962-D Washington Quarter relies on a bust of the overall created by the neoclassical French sculptor Jean-Antoine Houdon in 1785. Nevertheless, Flanagan’s design differs from the unique bust in a number of methods, resembling a barely totally different head form and several other curls of hair that aren’t on the bust; for comparability, the bust might be seen on the late president’s Virginia property, Mount Vernon. Below the left-facing bust’s chin is the motto IN GOD WE TRUST. The legend LIBERTY runs alongside the highest of the coin’s area, and the date 1962 is beneath. In small letters, Flanagan’s initials JF might be discovered above the “2” in 1962 on the base of the bust.

Reverse:

Not like the obverse, no restrictions had been positioned on the candidate sculptors when designing the Washington Quarter reverse. Flanagan’s reverse is dominated by a heraldic eagle with outstretched wings and a left-facing head. The eagle is perched on a neat bundle of arrows with two intertwined olive branches beneath and the D mintmark centered between the 2 olive department stems. The 2 foremost inscriptions above the eagle are UNITED STATES OF AMERICA and E PLURIBUS UNUM. Lastly, at six o’clock on the design is the denomination written out as QUARTER DOLLAR.

Edge:

The sting of the 1962-D Washington Quarter is reeded.

Designer

John Flanagan was born in New Jersey in 1865 and lived in New York for many of his life. He started working with Augustus Saint-Gaudens in 1884 on the age of 20 and shortly turned a widely known sculptor and medallic artist in his personal proper. Saint-Gaudens made introductions for Flanagan at the US Mint. Whereas the Washington quarter was his sole numismatic design, Flanagan designed quite a few well-known medals and sculptures, together with the official medal of the 1915 Panama-Pacific Worldwide Exposition, the official Verdun medal gifted to France by the US Authorities, and the 1924 bust of Saint-Gaudens. Flanagan was additionally a member of the American Numismatic Society (ANS).

Coin Specs

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