The 1962 quarter was one of the last US silver quarter series minted. Many of these coins were minted so they don't have much numismatic value. But the 90% silver content gives the coins bullion value regardless of condition.

1962 Quarter

Specifications

Type: Washington Quarter
Year: 1962
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 1962 quarter with no mint mark and also the 1962 D quarter. The mint mark 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

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.

Both the 1962 quarters with no mint mark and the 1962 D quarters are common. But in uncirculated condition each coin will sell for a premium. The Philadelphia quarters with no mint mark each sell for around $8 in uncirculated condition, while the D quarters each sell for about a $3 premium above the scrap silver price.

Proof coins are available and they are valued at around $10 each. Graded proof coins with a grade of PR 67+ will sell for more. Over three million collectible proof coins were issued so they aren't rare.


See also:

1963 Quarter
1961 Quarter
1960 Quarter