The 1938 Washington quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Type: Washington Quarter
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18084 oz.
Total Weight: 6.25 grams
Current Silver Bullion Value: $2.56
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.
|1938 S||San Francisco||2,832,000|
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $2.56 as of March 31, 2020. This melt value is calculated from the current silver spot price of $14.14 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.
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.
The Red Book