Selling rare quarters can be a profitable venture, but many sellers unknowingly make mistakes that cost them thousands of dollars. Whether due to a lack of knowledge, rushing to sell, or failing to get professional advice, these errors can significantly reduce the value of a coin. In this article, we’ll explore three rare quarters that collectors are willing to pay top dollar for, and the biggest mistakes people make when selling them.
1. The 1976 Bicentennial Quarter – Silver Proof Version
The 1976 Bicentennial Quarter was released to commemorate America’s 200th anniversary. While millions were produced, only a small percentage were struck in 40% silver at the San Francisco Mint, making them highly valuable to collectors.
Mistake: Selling Without Checking for Silver Content
One of the most common mistakes people make is not identifying silver proof versions before selling. These coins weigh 5.75 grams, slightly more than standard copper-nickel quarters. If you have a 1976-S Bicentennial Quarter, get it authenticated before selling—some high-grade specimens have sold for over $19,000 at auction.
2. The 1932-D Washington Quarter
The 1932-D Washington Quarter is a key date in the Washington Quarter series. With only 436,800 coins minted, it is one of the rarest quarters in circulation and is highly sought after by collectors.
Mistake: Selling Without Grading the Coin
A major mistake sellers make is selling ungraded coins at lower prices. A well-preserved MS65 1932-D quarter can sell for over $10,000, while lower-graded ones may only fetch a few hundred dollars. Professional grading services like PCGS or NGC can authenticate and certify your coin, ensuring that you receive the highest possible price when selling.
3. The 1955 Doubled Die Quarter
The 1955 Doubled Die Quarter is one of the most famous error coins in American history. It features a noticeable doubling on the date and inscriptions, making it a prized piece for collectors.
Mistake: Not Identifying the Error Properly
Many sellers fail to recognize the doubling effect, assuming their quarter is just another common coin. As a result, they end up selling it for face value or a few dollars, when in reality, these coins can fetch over $7,000 at auction in high-grade condition. If you suspect you have a 1955 Doubled Die Quarter, it’s essential to get it verified by a professional before selling.
When it comes to selling rare quarters, knowledge is power. By properly identifying, authenticating, and grading your coin, you can ensure you receive the highest value possible. Rushing to sell or failing to check key details can result in a significant financial loss. Take the time to research, seek expert opinions, and explore auction options to maximize your profit when selling rare coins.
FAQ’s:
1. How Can I Tell If My Quarter Is Valuable?
Check for key dates, mint marks, silver content, and errors. Using a magnifying glass or coin guide can help, but a professional appraisal is the best way to confirm its value.
2. Should I Clean My Coin Before Selling?
No! Cleaning a rare coin can significantly lower its value. Collectors prefer coins with natural toning and patina.
3. Where Should I Sell a Rare Quarter?
The best places to sell include coin dealers, online auctions, and marketplaces like eBay, Heritage Auctions, and Stack’s Bowers.
4. How Do I Get My Coin Graded?
Submit your coin to professional grading services such as PCGS or NGC for authentication. Graded coins are often worth more than ungraded ones.
5. What’s the Biggest Mistake People Make When Selling Rare Quarters?
The biggest mistake is selling too quickly without research. Many sellers underestimate their coin’s worth and miss out on huge profits. Always verify your coin’s authenticity and market demand before selling.
