How Much Is a 1968 No Mint Mark Quarter Worth?
The value of a 1968 quarter without a mint mark (Philadelphia-minted) generally ranges from face value (25 cents) to around $1 in circulated condition, but can reach $5 to $10 or more for uncirculated examples exhibiting sharp detail and original luster. Key factors influencing price are condition, grade, and any potential errors.
Understanding the 1968 Quarter
The 1968 quarter, part of the Washington Quarter series, was minted during a period of significant change in US coinage. It represents an important piece of numismatic history. The coin’s composition and mintage figures are key elements in determining its overall value.
Coin Composition and Mintage
The 1968 quarter is composed of a clad metal: an outer layer of copper-nickel bonded to a core of pure copper. This marked a shift from the earlier silver quarters. The Philadelphia mint did not use a mint mark on its coins in 1968. The mintage numbers for the 1968 quarter from Philadelphia were quite high, contributing to their relative commonality today.
Factors Affecting Value
Several factors determine the value of a 1968 quarter without a mint mark:
- Condition/Grade: This is the most significant factor. A coin in uncirculated (mint state) condition with no wear will be worth significantly more than a heavily worn coin.
- Mint Mark: The absence of a mint mark indicates it was struck at the Philadelphia mint. The Denver (D) and San Francisco (S) mints used mint marks.
- Errors/Varieties: Errors, like double dies or off-center strikes, can dramatically increase a coin’s value.
- Market Demand: Current demand among collectors can influence the price.
- Eye Appeal: Even if a coin is technically of a certain grade, attractive luster and absence of blemishes can increase its value.
Grading and Identifying Key Features
Proper grading requires a trained eye. Here’s a simplified guide:
- Poor/Fair: Heavily worn, major details are obscured.
- Good: Moderate wear, some details visible.
- Very Good: Noticeable wear, but most details are clear.
- Fine: Moderate wear, all major details are present.
- Very Fine: Light wear on high points, most details sharp.
- Extremely Fine (XF): Very light wear, almost all details are sharp.
- About Uncirculated (AU): Minimal wear, mostly on high points.
- Uncirculated (MS): No wear, full mint luster.
The sharpness of the portrait of George Washington and the details of the eagle on the reverse are key indicators of condition.
Finding and Selling Your Quarter
If you suspect you have a valuable 1968 quarter, consider these steps:
- Examine it closely: Look for any errors, such as doubling on the date or motto.
- Research current market prices: Use online resources like eBay (sold listings) or coin price guides.
- Consider professional grading: If you believe the coin is high grade or has an error, submit it to a reputable grading service like PCGS or NGC.
- Choose your selling venue: Options include coin shops, online auctions, or direct sales to collectors.
Common Mistakes When Valuing Coins
Avoid these common errors:
- Overestimating condition: Most circulated coins are worth face value.
- Ignoring cleaning or damage: Cleaned or damaged coins have reduced value.
- Assuming all old coins are valuable: Rarity and condition are crucial.
- Trusting unverified information: Always cross-reference information from multiple sources.
Frequently Asked Questions (FAQs)
What does “no mint mark” mean on a 1968 quarter?
A 1968 quarter without a mint mark indicates that it was struck at the Philadelphia Mint. From 1968 to 1979, the Philadelphia Mint did not include a mint mark on their coins, making this the default for that year.
How can I tell if my 1968 quarter has an error?
Examine your quarter closely under magnification. Look for doubling of the date or motto (“IN GOD WE TRUST”), off-center strikes where the design isn’t centered on the coin, or die cracks. These errors can significantly increase the coin’s value.
What is the difference between circulated and uncirculated?
A circulated coin has been used in commerce and shows signs of wear. An uncirculated coin, also known as mint state, has never been used and retains its original luster and detail. Uncirculated coins are generally worth more.
Is it worth getting my 1968 quarter professionally graded?
If you believe your quarter is in extremely fine (XF) or better condition, or if you suspect it has a significant error, professional grading might be worthwhile. Grading services like PCGS and NGC assess the coin’s authenticity and condition, providing a certified grade that can increase its value to collectors.
Where can I find accurate pricing information for my 1968 quarter?
Reputable coin price guides like the Red Book (A Guide Book of United States Coins) offer estimated values based on grade. You can also research recent sales on eBay (check completed listings) to get a sense of current market prices.
What makes a 1968 quarter “valuable”?
A 1968 quarter is considered valuable when it is in exceptional condition (uncirculated), possesses a rare error, or has a strong collector demand due to a variety of factors. High grade and rarity are key.
Are there any special varieties of the 1968 quarter that are particularly valuable?
While not extremely common, keep an eye out for quarters exhibiting doubled die obverse errors. These errors show doubling of the date, mint mark (if present), and inscriptions, and can be quite valuable.
How does the clad composition of the 1968 quarter affect its value?
The clad composition (copper-nickel outer layer, copper core) is standard for the year and doesn’t usually enhance the coin’s value unless it’s a mint error relating to the clad layers. However, the lack of silver compared to earlier quarters makes them less intrinsically valuable.
What is the role of “eye appeal” in determining a coin’s value?
“Eye appeal” refers to the coin’s overall attractiveness. This includes its luster, color, and lack of blemishes. A coin with strong eye appeal, even if technically graded the same as another, can command a higher price from collectors.
How can I protect my 1968 quarter to maintain its value?
Store your quarter in a safe and appropriate holder, such as a coin album, capsule, or mylar flip. Avoid touching the coin’s surface with your bare hands, as oils can cause discoloration. Keep it in a cool, dry place away from direct sunlight.
Should I clean my 1968 quarter?
Never clean a coin. Cleaning can remove the coin’s original surface and reduce its value. Collectors prefer coins with original surfaces, even if they have some tarnish.
What should I do if I’m unsure about the value of my 1968 quarter?
Consult with a reputable coin dealer or numismatist. They can provide an expert opinion on the coin’s grade, authenticity, and value. Getting a professional opinion is always a good idea.