The 1966 Washington Quarter holds a unique place in U.S. numismatic history, marking a period of significant transition in coinage composition.
While many 1966 quarters are common, certain varieties and errors have piqued the interest of collectors, offering both historical value and potential financial appreciation.
Historical Context
In 1965, the U.S. Mint shifted from producing quarters with 90% silver content to a copper-nickel clad composition due to rising silver prices.
The 1966 Washington Quarter, minted without a mint mark, continued this new composition, featuring 75% copper and 25% nickel over a pure copper core. This change aimed to reduce production costs and deter hoarding of silver coins.
Mintage and Specifications
| Year | Mint Mark | Mintage | Composition | Diameter | Weight |
|---|---|---|---|---|---|
| 1966 | None | 821,101,500 | 75% Copper, 25% Nickel over a pure Copper center | 24.3 mm | 5.67 g |
Value Assessment
The value of a 1966 Washington Quarter largely depends on its condition and any unique characteristics:
| Condition | Estimated Value |
|---|---|
| Circulated (G-4 to XF-45) | $0.25 (face value) |
| About Uncirculated (AU-50) | $1.00 – $2.00 |
| Mint State (MS-60 to MS-65) | $3.00 – $10.00 |
| Mint State (MS-66 and above) | $20.00 – $50.00 |
| Special Mint Set (SMS) | $2.00 and higher |
Values are approximate and can fluctuate based on market demand.
Notable Errors and Varieties
Certain errors and varieties from the 1966 mintage are particularly sought after:
- Doubled Die Reverse (DDR): This variety exhibits noticeable doubling on the reverse, especially in the inscriptions. Such errors can significantly increase a coin’s value, with some fetching $50 or more.
- Special Mint Set (SMS): In 1966, the U.S. Mint produced Special Mint Sets instead of traditional proof sets. These coins often exhibit a higher quality finish and can be more valuable than regular strikes, typically valued around $2 and higher.
Collecting Tips
- Authentication: Due to the prevalence of counterfeits, especially concerning error coins, it’s crucial to have valuable specimens authenticated by reputable grading services.
- Condition Matters: Coins in higher grades (e.g., Mint State) are more desirable. Proper storage in protective holders can help maintain a coin’s condition.
- Stay Informed: Regularly consult updated numismatic guides and auction results to stay abreast of current market trends and valuations.
Conclusion
The 1966 Washington Quarter offers a rich tapestry of history, artistry, and numismatic intrigue. By focusing on key dates and rare varieties, collectors can build a meaningful and potentially valuable collection.
Whether you’re a seasoned numismatist or a novice enthusiast, the pursuit of these notable quarters can be both rewarding and educational.
FAQs
1. What makes a Washington Quarter a “key date”?
A key date refers to coins with low mintage numbers or significant historical importance, making them more valuable to collectors.
2. How can I identify a doubled die obverse on a Washington Quarter?
Look for noticeable doubling in the inscriptions on the obverse side, such as “LIBERTY” or the date.
3. Are all 1932 Washington Quarters valuable?
While 1932 was the inaugural year, the D and S mintmark coins are particularly valuable due to their low mintage.
4. What is a repunched mint mark (RPM)?
An RPM occurs when the mint mark is stamped more than once, leading to overlapping impressions.
5. Should I clean my Washington Quarters to enhance their value?
No, cleaning can reduce a coin’s value. It’s best to keep them in their original condition.
