Have you ever considered that the loose change in your drawer might hold the key to an extraordinary adventure? Among the myriad of coins minted over the years, the 1970 Washington Quarter stands out—not just for its historical significance but for its potential to be worth thousands of dollars.
Let’s delve into the details that make this coin a collector’s gem and how you can identify if you possess one of these rare treasures.
Design and Features of the 1970 Washington Quarter
The 1970 Washington Quarter showcases the artistry of John Flanagan, who drew inspiration from Jean-Antoine Houdon’s bust of George Washington.
- Obverse (Front):
- Portrait: A left-facing bust of George Washington.
- Inscriptions: “LIBERTY” above, “IN GOD WE TRUST” to the left, and the year “1970” below.
- Reverse (Back):
- Design: An eagle with outstretched wings clutching a bundle of arrows, symbolizing strength and preparedness.
- Inscriptions: “UNITED STATES OF AMERICA” at the top, “E PLURIBUS UNUM” above the eagle, and “QUARTER DOLLAR” at the bottom.
The Intriguing Error: 1970-D Quarter Struck on Dime Planchet
A subset of 1970 quarters minted at the Denver Mint (denoted by a “D” mint mark) was erroneously struck on planchets intended for dimes. This mistake resulted in quarters that are thinner and lighter than standard, making them exceptionally rare and highly sought after by collectors.
Notable Auction Sales
The allure of these error coins is evident in auction results:
- MS69 1970-D Quarter: In 2023, a near-perfect specimen graded MS69 fetched approximately $15,000 on eBay.
Grading and Value Chart
The value of a 1970 quarter is significantly influenced by its condition, as determined by the Professional Coin Grading Service (PCGS). Below is a general guide:
| Grade | Description | Estimated Value |
|---|---|---|
| MS60 | Uncirculated | $1 |
| MS63 | Choice Uncirculated | $10 |
| MS65 | Gem Uncirculated | $20 |
| MS66 | Premium Gem Uncirculated | $75 |
| MS67 | Superb Gem Uncirculated | $375 |
| MS68 | Near Perfect | $2,800 |
| MS69 | Virtually Perfect | $15,000+ |
Note: Values are approximate and can vary based on market demand.
Real-Life Discovery: A Fortunate Find
Consider the story of a collector who, while sorting through an inherited jar of coins, stumbled upon a pristine 1970-D quarter. Recognizing its potential, they sought professional grading, which confirmed it as a rare mint error. This once-overlooked 25-cent piece was auctioned for several thousand dollars, underscoring the hidden value that everyday items can hold.
Identifying a Valuable 1970 Quarter
To determine if your 1970 quarter is a hidden gem:
- Check the Mint Mark: Locate the mint mark on the obverse side, to the right of Washington’s ponytail. A “D” indicates the Denver Mint, where the notable errors occurred.
- Assess Physical Characteristics: Compare the coin’s weight and thickness to standard quarters. Anomalies may suggest a mint error.
- Seek Professional Grading: Engage a reputable grading service to evaluate the coin’s condition and authenticity.
Before dismissing that old jar of coins, take a moment to inspect your quarters, especially those from 1970. The combination of historical significance and potential mint errors makes them more than mere pocket change. Your next dream vacation might just be funded by a coin hiding in plain sight.
Why are some 1970 quarters so valuable?
Certain 1970 quarters, particularly those from the Denver Mint, were mistakenly struck on dime planchets, resulting in rare mint errors that are highly prized by collectors.
How can I identify a 1970-D quarter struck on a dime planchet?
Look for a “D” mint mark on the obverse side. These error coins are typically thinner and lighter than standard quarters.
What should I do if I think I have a valuable 1970 quarter?
Consult a professional coin grading service to assess its condition and authenticity. This evaluation will help determine its market value.
