The standard 2002 Indiana state quarters are made of a clad composition that contains copper and nickel. Clad proof quarters and silver proof quarters were also minted and they sell for more money. Keep reading to learn more about these coins.
Design
On the reverse side of the coin there is an image of a racecar along with an outline of the state. Indiana is known for the Indianapolis Motor Speedway, which hosts the annual Indy 500 auto race. The state motto "crossroads of America" is also shown on the coin.
The year 1816 is inscribed on the coin because this was the year that Indiana officially joined the union.
Coin Information
The US minted different series of the Indiana quarter. There is the 2002 P quarter, 2002 D quarter, 2002 S proof quarter and 2002 S silver proof quarter.
Proof coins are essentially coins that have more detail. They are minted on special planchets and it takes longer to produce them. They are specifically made for collectors so you won't find any in your spare change.
Note: The mint mark can be found on the obverse side of each coin under the "IN GOD WE TRUST" motto.
| Series | Location | Quantity Minted |
|---|---|---|
| 2002 P | Philadelphia | 362,600,000 |
| 2002 D | Denver | 327,200,000 |
| 2002 S Proof | San Francisco | 3,084,245 |
| 2002 S Silver Proof | San Francisco | 892,229 |
Value
The value will depend on the series and the coin's condition. Below we will examine the value for each series.
Clad Quarters
The standard 2002 Indiana clad quarters in circulated condition are only worth their face value of $0.25. These coins only sell for a premium in uncirculated condition.
Both the 2002 P Indiana quarter and 2002 D Indiana quarter are each worth around $1 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $1.50.
The 2002 S proof Indiana quarter is worth around $5 in PR 66DC condition. The value is around $15 in PR 69DC condition.
Silver Proof Quarter
This coin is worth at least its weight in silver. The silver melt value for this coin is $4.95. This melt value is calculated from the current silver spot price of $27.36 per ounce.
The 2002 S silver proof Indiana quarter is worth around $11 in PR 66DC condition. The value is around $20 in PR 69DC condition.
Grading System
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 66DC proof- There are minimal marks and hairlines.
PR 69DC proof- Only the slightest imperfections are present.
Sources:
The Red Book
See also:
2002 Louisiana Quarter
2002 Mississippi Quarter
2002 Ohio Quarter
2002 Tennessee Quarter