The 1987 Washington Quarter is a popular coin among collectors due to its connection to the long history of the U.S. quarter and its place in the broader context of American numismatics. While it may not be as valuable as some of the more famous rare coins, there are still factors that can influence the value of a 1987 Washington Quarter. In this article, we’ll explore what makes this coin unique, its potential value, and what collectors should look for when evaluating a 1987 Washington Quarter.
The History of the Washington Quarter
The Washington Quarter was first minted in 1932 to honor the first president of the United States, George Washington, on the 200th anniversary of his birth. Designed by sculptor John Flanagan, the coin features Washington’s portrait on the obverse (front) and an eagle on the reverse (back). Over the decades, this design has been retained with only slight changes, except for the occasional commemorative issues or special designs.
The 1987 quarter is part of the regular circulation issue, meaning it was produced as a standard coin used for everyday transactions. However, like other coins, the condition, mint marks, and any unique characteristics can influence its value far beyond the simple face value of 25 cents.
Standard Value of the 1987 Washington Quarter
Typically, the 1987 Washington Quarter holds a value close to its face value of 25 cents when it is in circulated condition. This means that most 1987 quarters you come across in your pocket change are worth about 25 cents. However, as with any coin, the condition and other factors may significantly impact its worth.
What Affects the Value of a 1987 Washington Quarter?
1. Coin Condition and Grading
The condition of a coin is one of the most important factors when determining its value. The higher the grade, the more valuable the coin. Coins are graded based on their level of wear and tear, and this can range from “Poor” to “Mint State” (Uncirculated). Here are some common grades:
- Circulated Coins: These coins show signs of wear from circulation. Depending on how much wear the coin has, it may be valued close to its face value or slightly more.
- Uncirculated Coins: A coin in Mint State has no visible wear and retains its original shine. These coins are typically more valuable than circulated ones.
- Proof Coins: Specially minted for collectors, proof coins have a higher level of detail and are finished with a mirror-like surface. A proof coin of the 1987 Washington Quarter could have a higher value, especially if it’s well-preserved.
2. Mint Mark
The mint mark on a coin indicates where it was produced. In 1987, there were three possible mint marks for the Washington Quarter:
- D: Produced at the Denver Mint.
- P: Produced at the Philadelphia Mint.
- S: Produced at the San Francisco Mint (though these are typically proof coins).
The mint mark can impact the coin’s rarity and value. For example, proof coins from the San Francisco Mint (denoted by the “S” mint mark) tend to be more valuable because they were made specifically for collectors and in smaller quantities compared to regular circulation coins.
3. Error Coins
As with most coins, the 1987 Washington Quarter may have minting errors that could significantly increase its value. Some of these errors include:
- Off-center strikes: Where the design is not properly aligned on the coin.
- Double strikes: Where the coin is struck more than once, creating a blurry or overlapping design.
- Die cracks or other unusual features: Sometimes, a coin can have imperfections caused by worn or damaged dies used in the minting process.
Coins with errors are often much more valuable than those without. For example, if you find a 1987 Washington Quarter with a double strike or another error, it could be worth more than just a few dollars depending on the rarity and demand for such errors.
Conclusion
While a typical 1987 Washington Quarter may not be worth much more than its face value, paying attention to its condition, mint mark, and any potential minting errors could reveal a coin that is more valuable than you think. For collectors, the key is to focus on high-quality examples, especially proof coins and those with rare minting errors. As with any collectible, knowledge and patience are key. If you come across a 1987 Washington Quarter that you think might be valuable, it’s always worth having it professionally graded and appraised.
FAQs
What is the value of a 1987 Washington Quarter in circulated condition?
A 1987 Washington Quarter in circulated condition is typically worth its face value of 25 cents. However, if it is in better-than-average condition, it could be worth slightly more, up to $1 or more depending on its quality.
How can I tell if my 1987 Washington Quarter is a proof coin?
Proof coins from 1987 were minted in San Francisco and are marked with an “S” mint mark on the reverse side.
Are 1987 Washington Quarters with errors valuable?
Yes, 1987 Washington Quarters with minting errors, such as double strikes, off-center strikes, or die cracks, can be worth significantly more than regular coins.