The 1937 Washington quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1937 Quarter

Specifications

Type: Washington Quarter
Year: 1937
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18084 oz.
Total Weight: 6.25 grams
Current Silver Bullion Value: $3.08

The US minted the 1937 quarter with no mint mark and also the 1937 D quarter and 1937 S quarter. The mint mark, when present, can be found on the reverse side of the coin.

Series Location Quantity Minted
1937 Philadelphia 19,696,000
1937 D Denver 7,189,600
1937 S San Francisco 1,652,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $3.08 as of November 19, 2019. This melt value is calculated from the current silver spot price of $17.05 per ounce.

The 1937 quarter with no mint mark is worth around $8 in extremely fine condition. In uncirculated condition the price is around $25 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $95.

The 1937 D quarter is worth around $15 in extremely fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $135.

The 1937 S quarter is the most rare and valuable series. This coin is worth around $35 in extremely fine condition. In uncirculated condition the price is around $150 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $335.

Proof coins with no mint mark are available and they are each valued at around $425 in PR 65 condition. There were only 5,542 proof coins minted.

Double Die Error Coins

There is a double die error for the 1937 quarter with no mint mark. This error can be found on the obverse side of the coin. On this error coin the letters will slightly overlap each other.

The 1937 quarter with no mint mark double die error is a valuable coin. In extremely fine condition it's worth around $700. In uncirculated condition the price is around $2,450 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $9,000.

Grading System

Extremely fine- The hair lines look sharp. The only signs of wear are on the eagle's breast and at the top of the eagle's legs.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.

PR 65 proof- There are no flaws to this coin. A few blemishes may be present.

 

Sources:

The Red Book


See also:

1938 Quarter
1936 Quarter
1935 Quarter