In the realm of numismatics, few coins capture the imagination quite like the 1936 Washington quarter. This article delves deep into the intricacies of these silver treasures, exploring their history, features, and most importantly, their value in today's market. Whether you're a seasoned collector or a curious newcomer, join us on this journey through time and discover the true worth of these remarkable coins.
The Birth of an Icon: A Brief History of the 1936 Quarter
The Washington quarter, first introduced in 1932, was originally conceived as a one-year commemorative coin to celebrate the 200th anniversary of George Washington's birth. However, its striking design and immense popularity led to its adoption as a regular issue coin, replacing the Standing Liberty quarter that had been in circulation since 1916.
By 1936, the Washington quarter had firmly established itself in American pockets and purses. This year marked the fifth year of the coin's production and saw quarters struck at three different mints:
- Philadelphia (no mint mark)
- Denver (D mint mark)
- San Francisco (S mint mark)
Notably, 1936 also witnessed the first production of proof Washington quarters, specifically aimed at collectors and numismatic enthusiasts.
Anatomy of a Classic: Features of the 1936 Quarter
Obverse Design
The obverse, or "heads" side, of the 1936 quarter features:
- A left-facing portrait of George Washington
- The word "LIBERTY" inscribed above the portrait
- The date "1936" below
- The motto "IN GOD WE TRUST" to the left of Washington's neck
Reverse Design
The reverse, or "tails" side, showcases:
- A heraldic eagle with wings spread
- A bundle of arrows in its left talon and an olive branch in its right
- "E PLURIBUS UNUM" inscribed above the eagle
- "UNITED STATES OF AMERICA" along the top edge
- "QUARTER DOLLAR" along the bottom edge
Technical Specifications
- Composition: 90% silver, 10% copper
- Weight: 6.25 grams
- Diameter: 24.3 mm
- Edge: Reeded (ridged)
The Numbers Game: 1936 Quarter Mintages
Understanding the rarity of a coin often starts with its mintage figures. Here's a breakdown of the 1936 quarter production by mint:
| Mint Location | Mintage |
|---|---|
| Philadelphia | 41,300,000 |
| Denver | 5,374,000 |
| San Francisco | 3,828,000 |
| Proof (Phil.) | 3,837 |
These numbers play a crucial role in determining the relative scarcity and, consequently, the value of coins from each mint.
Decoding Value: What's Your 1936 Quarter Worth?
The value of a 1936 quarter can vary dramatically based on several factors. Let's break down the potential values by mint mark and condition:
1936 No Mint Mark Quarter (Philadelphia)
| Grade | Value |
|---|---|
| XF45 | $9 |
| MS60 | $32 |
| MS65 | $100 |
| MS67 | $375 |
| MS68 | $23,500 |
Note: Only one MS68 example is known to exist, making it extremely valuable.
1936-D Quarter (Denver)
| Grade | Value |
|---|---|
| XF45 | $140 |
| MS60 | $625 |
| MS65 | $1,100 |
| MS67+ | $7,500 |
The 1936-D is considered a key date in the series due to its lower mintage.
1936-S Quarter (San Francisco)
| Grade | Value |
|---|---|
| XF45 | $27 |
| MS60 | $100 |
| MS65 | $265 |
| MS68 | $26,500 |
Only two MS68 examples are known to exist, making them extremely rare and valuable.
1936 Proof Quarter
| Grade | Value |
|---|---|
| PR60 | $525 |
| PR65 | $950 |
| PR68 | $40,000 |
Only one PR68 example is known, making it incredibly scarce and valuable.
Factors Influencing 1936 Quarter Values
Several key factors determine the value of a 1936 quarter:
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Mint Mark: Denver (D) quarters are generally the most valuable due to their lower mintage.
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Condition: Coins in higher grades command significantly higher prices. Uncirculated (MS) coins are particularly prized.
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Rarity: Certain error coins or varieties can be extremely valuable to collectors.
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Silver Content: Even in poor condition, these quarters have intrinsic value due to their 90% silver composition.
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Demand: Collector interest can drive up prices for certain dates or mint marks.
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Toning: Natural, attractive toning can increase a coin's value, especially for high-grade examples.
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Strike Quality: Well-struck coins with sharp details are more desirable.
Rare and Valuable 1936 Quarter Errors
Error coins can be extremely valuable to collectors. Some notable 1936 quarter errors include:
1936 Double Die Obverse (Philadelphia)
This error features doubling on the letters of "IN GOD WE TRUST":
- XF45: ~$260
- MS60: ~$825
- MS66: ~$3,500
1936-S Tilted Partial Collar
This rare minting error occurs when the collar die was misaligned, creating a distinct line around part of the coin's edge. An MS63 example sold for over $250 in 2007.
1936 Off-Center Strikes
Off-center strikes can range from minor to severe, with more dramatic examples commanding higher premiums. A 1936 quarter struck 5% off-center might be worth $100-$200, while one struck 50% off-center could fetch $1,000 or more.
Grading Your 1936 Quarter: A Key to Accurate Valuation
Grading is crucial in determining a coin's value. Here's a brief overview of common grades:
- Good (G): Heavy wear, but major features still visible
- Very Good (VG): Moderate wear, all major features clear
- Fine (F): Light wear on high points, all lettering clear
- Very Fine (VF): Light wear, some mint luster may remain
- Extremely Fine (XF): Minimal wear, sharp details
- About Uncirculated (AU): Slight wear on highest points, most luster intact
- Mint State (MS): No wear from circulation, graded on a scale from MS60 to MS70
For valuable coins, professional grading by services like PCGS or NGC is recommended.
Preserving Your 1936 Quarter's Value
To maintain your coin's condition and value:
- Handle coins by the edges, avoiding touching the faces
- Store in non-PVC holders or albums designed for coins
- Keep coins in a cool, dry environment
- Avoid cleaning, as improper cleaning can damage the coin's surfaces
The Investment Potential of 1936 Quarters
While primarily collected for their historical significance and numismatic interest, 1936 quarters can also be considered a form of investment:
- Silver Content: Each coin contains about 0.18084 oz of pure silver, providing a base value.
- Rarity: High-grade examples, particularly of the 1936-D, have shown steady appreciation over time.
- Historical Significance: As artifacts of the Great Depression era, these coins hold enduring interest.
However, as with any investment, it's important to research thoroughly and consult with experts before making significant purchases.
Conclusion: The Enduring Appeal of 1936 Quarters
The 1936 Washington quarter represents a fascinating slice of American history and numismatics. Whether you're drawn to its elegant design, historical significance, or potential value, these coins offer something for every collector.
Remember, while the monetary value of these coins can be significant, their true worth often lies in the stories they tell and the connections they forge with our past. As you explore the world of 1936 quarters, take time to appreciate not just their potential price tag, but also their role in shaping American coinage.
Happy collecting, and may your numismatic journey be filled with exciting discoveries!
