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.

1962 Quarter

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: $3.08

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 $3.08 as of November 19, 2019. This melt value is calculated from the current silver spot price of $17.05 per ounce.

The 1962 quarter with no mint mark is worth around $7 in extremely fine condition. In uncirculated condition the value is around $9 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $15.

The 1962 D quarter is worth around $7 in extremely fine condition. In uncirculated condition the value is around $9 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $17.

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.

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:

1963 Quarter
1961 Quarter
1960 Quarter