The 1962 quarter was one of the last US silver quarter series minted. The 1962 quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.
Specifications
Type: Washington Quarter
Year: 1962
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18084 oz.
Total Weight: 6.25 grams
Current Silver Bullion Value: $14.86
The US minted the 1962 quarter with no mint mark and also the 1962 D quarter. The mint mark, when present, can be found on the reverse side of the coin.
| Series | Location | Quantity Minted |
|---|---|---|
| 1962 | Philadelphia | 36,156,000 |
| 1962 D | Denver | 127,554,756 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $14.86. This melt value is calculated from the current silver spot price of $82.15 per ounce.
The 1962 quarter with no mint mark is worth around $9 in fine condition. In uncirculated condition the value is around $9.25 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $30.
The 1962 D quarter is worth around $9 in fine condition. In uncirculated condition the value is around $9.25 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $22.
Proof coins with no mint mark are available and they are valued at around $11 in PR 65 condition. There were 3,218,019 proof coins minted.
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Grading System
Fine- The hair lines above Washington's left ear are visible. The small feathers on the eagle's breast are barely visible.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
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- An attractive coin with only small flaws. A few blemishes or contact marks may be present.
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