As a seasoned US coin collecting expert, I'm excited to take you on a deep dive into the world of 1986 quarters. Whether you're a novice collector or a numismatic enthusiast, this guide will provide you with valuable insights into these fascinating coins.
A Brief History of the 1986 Quarter
The 1986 quarter is part of the Washington quarter series, which has been a staple of American coinage since 1932. By 1986, these coins had undergone several significant changes:
- Originally composed of 90% silver (1932-1964)
- Transitioned to copper-nickel clad composition in 1965
- Design relief lowered to accommodate the harder metal composition
Mint Locations and Production Numbers
In 1986, quarters were produced at three U.S. Mint facilities:
- Philadelphia (P mint mark): 551,199,333 minted
- Denver (D mint mark): 504,298,660 minted
- San Francisco (S mint mark – proof coins only): 3,010,497 minted
Source: United States Mint Annual Report, 1986
Design Features of the 1986 Quarter
Obverse (Heads Side)
- Portrait of George Washington, based on a 1786 bust by sculptor Jean-Antoine Houdon
- Designed by John Flanagan
- Inscriptions:
- "LIBERTY" (top)
- "IN GOD WE TRUST" (left)
- Date: 1986 (bottom)
- Mint mark located to the right of Washington's portrait
Reverse (Tails Side)
- Heraldic eagle design, also by John Flanagan
- Inscriptions:
- "UNITED STATES OF AMERICA" (top)
- "E PLURIBUS UNUM" (below the eagle)
- "QUARTER DOLLAR" (bottom)
Technical Specifications
- Diameter: 24.3 mm
- Weight: 5.67 grams
- Composition: 91.67% copper, 8.33% nickel (outer layer) on a pure copper core
- Edge: Reeded with approximately 119 reeds
1986 Quarter Values: A Detailed Breakdown
The value of a 1986 quarter can vary significantly based on several factors. Let's explore the potential values for each mint mark and condition:
1986 P Quarter (Philadelphia)
| Condition | Value Range |
|---|---|
| Circulated | $0.25 |
| MS60 | $1 – $2 |
| MS63 | $3 – $5 |
| MS65 | $15 – $25 |
| MS67 | $1,500 – $2,500 |
| MS68 | $4,000 – $5,000 |
1986 D Quarter (Denver)
| Condition | Value Range |
|---|---|
| Circulated | $0.25 |
| MS60 | $1 – $2 |
| MS63 | $3 – $4 |
| MS65 | $10 – $15 |
| MS67 | $400 – $600 |
| MS68 | $2,000 – $3,000 |
1986 S Proof Quarter (San Francisco)
| Condition | Value Range |
|---|---|
| PR61 | $4 – $6 |
| PR63 | $5 – $7 |
| PR65 | $6 – $8 |
| PR67 | $7 – $10 |
| PR69 | $12 – $20 |
| PR70 | $30 – $40 |
Note: These values are estimates based on recent auction data and price guides. Actual prices may vary depending on market conditions and specific coin characteristics.
Grading 1986 Quarters: The Key to Accurate Valuation
Understanding coin grading is crucial for determining the true value of your 1986 quarters. The Sheldon Scale, used by professional grading services, ranges from 1 (poorest) to 70 (perfect).
Circulated Grades:
- Good (G-4): Heavy wear, but major features still visible
- Very Good (VG-8): Moderate wear, some details visible
- Fine (F-12): All major features clear, but worn
- Very Fine (VF-20): Light wear on high points, all lettering clear
- Extremely Fine (EF-40): Light wear on high points, sharp details
Uncirculated Grades:
- Mint State (MS) 60-70: No wear, but varying degrees of contact marks and luster
For the most accurate and trusted grades, consider submitting valuable coins to professional grading services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation).
Rare 1986 Quarter Errors and Varieties
Error coins can significantly increase the value of a 1986 quarter. Here are some notable examples:
-
Broadstruck and Double Struck P Quarter
- Not properly held during striking, resulting in an expanded planchet
- Struck twice, creating a unique overlapping effect
- Example: MS64 grade sold for $120 at a 2019 Heritage Auction
-
Triple Curved Clips D Quarter
- Three missing curved sections due to improper planchet cutting
- Example: MS61 grade sold for $140 at a 2020 Stack's Bowers auction
-
Off-Center Strike
- Misaligned dies cause part of the design to be missing
- Value depends on the degree of off-center and visible date
- 20% off-center examples can fetch $50-$100 in uncirculated condition
-
Doubled Die Obverse
- Slight doubling visible on obverse lettering
- Rare for 1986, can command $50-$200 depending on strength
Factors Affecting 1986 Quarter Value
- Mint Mark: Generally, P and D quarters are common, while S proofs are more desirable.
- Condition: Higher grades command significantly higher prices.
- Errors and Varieties: Unique errors can increase value by 10x or more.
- Demand: Collector interest in specific dates or varieties can drive prices.
- Toning: Natural, attractive toning can enhance value for some collectors.
Advanced Collecting Strategies for 1986 Quarters
- Complete Set Collection: Aim for high-grade examples of all three mint marks (P, D, S).
- Error Hunting: Search rolls or bulk lots for potential errors.
- Toned Coin Collection: Look for quarters with attractive, natural toning.
- Certified High-Grade Focus: Invest in PCGS or NGC graded MS67+ coins.
Preservation and Storage Tips
To maintain the value of your 1986 quarters:
- Handle coins by their edges using cotton gloves
- Store in non-PVC, inert plastic holders or albums
- Maintain a stable environment: 50-60% humidity, 65-72°F
- Never clean coins – let professionals handle conservation if necessary
Market Trends and Future Outlook
While most 1986 quarters remain common, certain segments show promise:
- Superb Gem (MS67+) examples continue to appreciate due to rarity
- Interest in error coins is growing among collectors
- Toned coins are gaining popularity, especially for proof issues
According to the PCGS Price Guide, MS67 1986-P quarters have seen a 15% increase in value over the past five years, indicating potential for long-term growth in high-grade examples.
Conclusion: The Enduring Appeal of 1986 Quarters
The 1986 quarter, while abundant in circulation, offers a wealth of opportunities for collectors. From pristine, high-grade examples to fascinating errors, these coins provide a tangible connection to American history and numismatic artistry.
Remember, the true value of coin collecting extends beyond monetary worth. It lies in the thrill of discovery, the expansion of knowledge, and the preservation of our nation's numismatic heritage. Whether you're hunting for that elusive MS68 specimen or marveling at the intricacies of a doubled die variety, the 1986 quarter has something to offer every collector.
Happy collecting, and may your numismatic journey be filled with exciting finds and enduring passion for these small pieces of history!
