The 1966 Washington Quarter is a notable coin in U.S. numismatic history, representing a period of transition in coinage composition and design. While many of these quarters remain in circulation today, certain variations and errors have piqued the interest of collectors, leading to values that surpass their face value.
This article delves into the history, key features, errors, and current market values of the 1966 Washington Quarter.
Historical Context of the 1966 Washington Quarter
In the mid-1960s, the United States faced a significant coin shortage, partly due to the rising value of silver. To address this, the U.S. Mint transitioned from silver to a copper-nickel clad composition for quarters, starting in 1965. The 1966 Washington Quarter was the second year of this new composition.
During this period, from 1965 to 1967, the Mint omitted mint marks to discourage coin hoarding, so all 1966 quarters lack a mint mark.
Design and Specifications
The 1966 Washington Quarter features the classic design by John Flanagan, introduced in 1932 to commemorate George Washington’s 200th birthday.
- Obverse: Portrait of George Washington facing left, with the inscriptions “LIBERTY” above and “IN GOD WE TRUST” to the left.
- Reverse: A heraldic eagle with outstretched wings, clutching arrows and an olive branch, symbolizing war and peace. The inscription “UNITED STATES OF AMERICA” arches above, with “QUARTER DOLLAR” below.
Specifications:
| Feature | Details |
|---|---|
| Composition | Copper-Nickel Clad |
| Diameter | 24.3 mm |
| Weight | 5.67 grams |
| Edge | Reeded (119 reeds) |
Mintage and Variations
In 1966, the Philadelphia Mint produced approximately 821,101,500 quarters. Additionally, the Mint issued Special Mint Sets (SMS) intended for collectors, with a mintage of about 2,261,583 sets. These SMS coins often exhibit a higher quality finish compared to regular circulation strikes.
Identifying Valuable 1966 Quarters
While most 1966 quarters are common, certain factors can enhance their value:
1. High-Grade Specimens
Coins in exceptional condition, especially those graded Mint State (MS) 65 or higher, are scarce. For instance, a 1966 quarter graded MS68 by the Professional Coin Grading Service (PCGS) fetched $11,750 at auction in 2019.
2. Special Mint Set (SMS) Coins
SMS quarters often have a better strike and finish. A 1966 SMS quarter graded MS67 Deep Cameo (DCAM) achieved a sale price of $3,738 in 2006.
3. Error Coins
Minting errors can significantly increase a coin’s value. Notable errors for the 1966 quarter include:
- Doubled Die Reverse: This error features a noticeable doubling in the reverse design elements. Some of these error coins have been valued at $2,000 or more, depending on their condition.
- Off-Center Strikes: Coins that were not properly aligned during striking, resulting in a portion of the design being missing.
- Struck-Through Errors: Occur when foreign material is present on the die during striking, leaving an impression on the coin.
| Coin Type | Grade/Condition | Approximate Value |
|---|---|---|
| Regular Strike | MS65 | $16 |
| Special Mint Set (SMS) | MS67 DCAM | $3,738 |
| Doubled Die Reverse Error | MS65 | $2,000+ |
| Off-Center Strike Error | Varies | $50 – $100 |
| Struck-Through Error | Varies | $20 – $50 |
Note: Values are approximate and subject to change based on market demand and coin condition.
Conclusion
The 1966 Washington Quarter offers more than just face value, especially for those coins in pristine condition or possessing unique errors. Collectors and enthusiasts should examine their coins carefully, as discovering a high-grade specimen or an error coin can be both exciting and financially rewarding.
Frequently Asked Questions (FAQs)
1. How can I identify a 1966 Doubled Die Reverse quarter?
Look for noticeable doubling in the design elements on the reverse side of the coin. Using a magnifying glass can help detect these anomalies.
2. Are all 1966 quarters without mint marks?
Yes, from 1965 to 1967, the U.S. Mint omitted mint marks on quarters to discourage hoarding during the coinage transition period.
3. What is a Special Mint Set (SMS) quarter?
SMS quarters were specially produced for collectors between 1965 and 1967, featuring a higher quality finish than regular circulation coins.
4. Do 1966 quarters contain any silver?
No, starting in 1965, Washington Quarters were minted with a copper-nickel clad composition, replacing the 90% silver content of earlier years.
5. Where can I sell a valuable 1966 quarter?
You can sell valuable coins through reputable coin dealers, auction houses, or online platforms specializing in numismatics. Ensure your coin is authenticated and graded to maximize its value.
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