The 1940 Washington quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1940 Quarter

Specifications

Type: Washington Quarter
Year: 1940
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: 5.62 grams
Total Weight: 6.25 grams
Current Silver Bullion Value: $3.22

The US minted the 1940 quarter with no mint mark and also the 1940 D and 1940 S quarter. The mint mark can be found on the reverse side of the coin.

Series Location Quantity Minted
1940 Philadelphia 35,704,000
1940 D Denver 2,797,600
1940 S San Francisco 8,244,000

Value

The value in circulated condition is worth at least its weight in silver. The scrap silver value for this coin is $3.22 as of September 19, 2019. This scrap value is calculated from the current silver spot price of $17.83 per ounce.

The 1940 quarters with no mint mark don't have much numismatic value. In fine to extremely fine condition they sell for only a small premium above their scrap silver value. In uncirculated condition they sell for at least $20 each.

There is a more limited quantity of 1940 D quarters so they are the most valuable variety. The value in extremely fine condition is around $22 per coin. In uncirculated condition the price is at least $80 per coin, but the price can easily go over $100 depending on the grade.

1940 S quarters are also rare so the prices can be high. In extremely fine condition they sell for around $12 per coin. In uncirculated condition the price is around $40 per coin.


See also:

1941 Quarter
1939 Quarter
1938 Quarter