There are millions of coins and bills circulating in the United States every day. While most of them generally hold their face value, some specimens can be sold for thousands of dollars to collectors. As per the US First Exchange portal, the value of a coin or bill is essentially determined by its catalog value based on three major factors: rarity, the condition/grade of the coin or bill, and market conditions, i.e., demand.
These three factors will determine whether a coin or bill is worth more or less money, and currently, in the United States, there is a 25-cent coin that could be worth millions. Let’s take a look at why.
The 25-cent coin worth millions
A rare version of the George Washington Bicentennial Quarter could be worth those millions due to certain defects. According to the United States Mint, it was first minted in 1975 to celebrate the 200th anniversary of American independence. The coin was minted in the years 1975 and 1976 and bore the dual dates of 1776-1976.
None of the Bicentennial coins this denomination were produced dated singly in 1975 or 1976. A second characteristic is that the reverse of this coin supplanted Washington’s eagle reverse during 1975 and 1976.
Look for: characteristics of the 25 cent piece
On the obverse is a bust of President George Washington. The reverse carries a colonial drummer facing left and a victory torch surrounded by thirteen stars in the upper left corner.
- Inscriptions on the obverse: LIBERTY, IN GOD WE TRUST, 1776-1976
- Inscriptions on the reverse: UNITED STATES OF AMERICA, E PLURIBUS UNUM, QUARTER DOLLAR
- Mint and Mint Mark: Denver, Philadelphia, San Francisco
The coin that is worth millions
In addition to having the general characteristics mentioned above, a million-dollar variant has another distinct characteristic: its double-struck obverse side. It is an error resulting from the misalined die used in stamping the coin’s design from the die, thus presenting a double image.
This makes it a rare since it was done with the uniqueness that describes the historical background of the Bicentennial celebration. However, despite millions minted for the Bicentennial coins, this double-struck variant brings in 5 million dollars.
Yes, it is already time to dig up those 25-cent coins within the house. You might never know.
Conclusion:
Spotting a quarter worth $5 million might seem like a dream, but it is closer than one would imagine. Knowing some of its features, including production errors, mint marks, and historical significance, would help identify this very special 25-cent coin. Examine the quarters you find, and maybe you’ll discover a small fortune. So, look out, because you might just see a small coin that will bring in an enormous amount.
FAQs:
What makes the 25-cent coin worth over $5 million?
Rare production errors, unique mint marks, and limited circulation make this coin highly valuable.
How can I recognize this valuable 25-cent coin?
Look for specific years, mint marks, and errors like double-die strikes, which are key indicators.
Is this rare 25-cent coin still in circulation?
While rare, some may still be found in circulation or in coin collections.
Where can I sell a valuable 25-cent coin?
Reputable coin dealers, auctions, and online marketplaces are ideal places to sell rare coins.