The 1938 Washington quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1938 Quarter

Specifications

Type: Washington Quarter
Year: 1938
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 1938 quarter with no mint mark and also the 1938 S quarter. The mint mark, when present, can be found on the reverse side of the coin.

Series Location Quantity Minted
1938 Philadelphia 9,472,000
1938 S San Francisco 2,832,000

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 1938 quarter with no mint mark is worth around $15 in extremely fine condition. In uncirculated condition the price is around $95 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $190.

The 1938 S quarter is more rare and more valuable. This coin is worth around $20 in extremely fine condition. In uncirculated condition the price is around $105 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $155.

Proof coins with no mint mark are available and they are each valued at around $200 in PR 65 condition. There were only 8,045 proof coins minted.

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:

1939 Quarter
1937 Quarter
1936 Quarter