Silver Quarter Value for 1965: Error Coins and History

by Stephen Cochrane for Gainsville Coins ……

The 1965 Washington District It was the first American quart not made of 90% pure silver. This resulted in the transformation from “silver coins” to rare and valuable copper coins 1965 silver quarter.

The Silver Crisis of the Sixties

Economic expansion caused silver prices to rise in the early 1960s, causing a shortage of the national currency. People stockpiled millions of dimes, quarters, and half dollars, which were made of solid 90% solid silver.

When the press reported the rise in silver prices, people hoarded more coins. When the press reported that there was a shortage of silver coins because people were hoarding them, they hoarded more. Silver will run out of government by 1968 if this trend continues.

In 1965, a United States Mint Officially switched from 90% pure silver coins to coins made of copper-nickel alloy. The new coins have 75% copper/25% nickel covered with a pure copper core, making the coin 8.33% nickel by volume.

To be able to get enough stock of the clad metal privately, the mint had to keep making 90% of the silver dimes and quarters. To prevent hoarding by coin speculators, the date was frozen on silver quarters in 1964 to avoid having rare coins in 1965 or 1966.

The first covered quarters were struck in August 1965, and weren’t put into circulation until November 1965, so they kept the 1965 date until August 1, 1966 for the same reason.

Both silver and shell quarters were struck from 1965 through early 1966. Production of plated coins had increased enough by that time that the production of complementary silver coins was no longer needed.

How to Check If You Have a Silver Quarter 1965: Transition Error

This is where the rare 1965 Silver Quarter comes into the picture.

Coins are kept in giant hoppers before being fed into coin presses. Apparently, a small number of silver coins settled into the hopper after switching to clad quarters. Sometime before July 1966, these blanks finally worked out and were converted to quarters in 1965.

Most of the 1965 silver quarters circulated long before they were noticed. The only difference in appearance from the 1965 covered quarter is the lack of a brass-tone bezel.

As a testament to how easily these coins slip into commerce, two uncirculated 1965 silver quarters were offered for sale by Heritage Auctions In the past ten years. The latest one, the MS62 PCGS, sold for $16,800 in December 2020.

1965 Washington Quarter Price Chart

If the 1965 quarter was not a bug coin, it might still be valuable if it was in mint condition. The graph below breaks down the values ​​in each of the Mint State’s grades, ranging from MS60 to MS68.

1965 Washington Quarter Price Chart - Gainsville Coins

The other quarters of 1965 are worth the money

There are other 1965 Error Quarter coins that are worth the money.

One notable error is the 1965 quarter struck on a silver dime vacuum. Although extremely rare, it has happened more than once. The Mint State example can sell for more than $7,000.

The 1965 regular quarterback could be worth the money too, but only in the top grades of the Mint State. This is because the shortage of coins was so severe, and the new clad quarters were so unpopular among collectors of the time that almost none were preserved before they were put into circulation.

If you are lucky enough to find an original uncirculated 1965 Coin Quarter, treat it with extreme caution and have it rated by a third-party coin grading service.

The best-known 1965 coated quarter, rated MS68, sold for more than $1,300 in July 2020.

The MS67+ example sold for $660 in July 2019.

MS67 clad 1965 sold a quarter for $288 in March 2022.

Doubled Die Obverse and Doubled Die Reverse 1965 quarters can sell for hundreds of dollars. Recent auctions include a nearly uncirculated AU58 and Mint State MS65, which sold for $360 and $720, respectively, in March 2018.

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