Researching the history of the 1967 quarter is the first step to knowing what your old coin is worth. The general rule for most circulating coins minted in the 1960s and 1970s is that they’re worth only their face value, or 25 cents.
It won’t rank among the most valuable quarters of all time, but it can be worth thousands if you find the right one.
Let’s find out whether you have a valuable 1967 quarter in your collection or stash of coins.
Why Don’t 1967 Quarters Have Mint Marks?
In 1967, the United States Mint made some changes to its coinage. One of these changes was to stop putting a “mint mark” on coins.
For example, a penny created at the Philadelphia Mint before 1967 would have the letter “P” stamped on it, while a penny minted in Denver would have a “D.”
With the mint mark in place, people who collected coins could tell where the coin was made.
This system of mint marks and mint letters had been used in the United States since colonial times and was even used by ancient Romans and other cultures thousands of years ago.
Removing the Mint Marks
The U.S. Mint stopped using mint marks on coins from 1965 – 1967 because it was believed mint marks encouraged people to save coins rather than spend them.
Mint officials thought by removing the “D” mint letters from Denver-minted coins, they would encourage people to spend instead of hoarding coins.
At the time, quarter dollars were still 90% silver.
As the price of silver rose above the value of the coin, Americans began to hoard coins and sell them for their melt value.
The Coinage Act of 1965
The resulting shortage ended when Congress passed the Coinage Act of 1965 and authorized the production of non-silver coins with a copper-nickel-clad composition.
The new clad coins entered circulation in 1965 and solved the nation’s coin shortage by 1969.
How Much Are 1967 Quarters Worth?
One way coin collectors value the 1967 quarter is by its condition. Therefore, the higher the grade of your quarter, the higher the demand for it by collectors, and the more money it will be worth.
Another impact on the value of the coin is how many are available in circulation today. If fewer coins are accessible, those remaining have increased coin values.
Condition, Rarity, Mint Set
To determine the value of your 1967 quarter, you’ll need to consider its condition, mint set, and its current rarity.
As with other coins, uncirculated versions of the 1967 quarter are worth more than circulated examples.
The 1967 quarter was not a coin known for low mintages. In fact, the United States Mint produced more than 1.5 billion 1967 quarters.
So they are not rare coins in general but find a Washington Quarter with a unique appearance or in excellent condition, the stars might align for a valuable collectible.
1967 Special Mint Set Quarter Value
The 1967 Special Mint Set (SMS) quarter was specially made at the San Francisco Mint for collectors as part of a proof set.
It was not intended for circulation and has several features that set it apart from a regular quarter.
These coins were made with a proof finish, which means they were heavily polished before being struck. The result is highly reflective fields and crisp, frosted details on the design elements.
In circulated condition, the 1967 SMS quarter has a value of about $2-5. Proof sets are still considered legal tender and can be used as money if you find one in your pocket change.
They are also available at most coin dealers and online auction sites like eBay, but they cost more than their face value of 25 cents.
What Is a 1967 SMS Quarter Worth?
While these rare coins were available only in collectors’ mint sets, most sets have since been broken up and the coins sold individually.
An example of this coin in a mint state of exceptional condition as determined by Professional Coin Grading Service sold for $4,700 in 2016.
1967 Doubled Die Quarter Error
Doubled die coins are created when the die used to stamp the coin picks up an additional image from a previous stamping.
This can happen in different ways. It may be because the die was not cleaned properly when making the new coin mold, or it may have been hit by another die at an angle.
In the case of the 1967 doubled die quarters, the effect is most obvious in the words imprinted on the coin.
You’ll need a magnifying glass and a careful eye to tell if you have a 1967 double die quarter in your collection, as the effect is rarely visible to the naked eye.
The 1967 doubled die quarter is valued at $50 to $100, depending on condition, and who decides to buy it.
1967 Off-Center Quarter Value
Off-center strikes are a highly-sought type of error coin. A coin is struck off-center when the blank fails to completely enter the collar during the minting process.
The collar is a circular ring that holds the blank in place while the coin die strikes it.
As the coin is struck, it is forced upward and out of the collar, which results in a noncentered strike on both sides of the coin. Typically, an off-center strike will show only part of both obverse and reverse images, with partial inscriptions, legends, or dates also visible.
The value of 1967 off-center 25-cent coins ranges from $50 to $200, depending on the degree to which the image is off-center.
1967 Rim Error Quarter Worth
On a standard quarter, the rim is raised above the coin face and forms a protective border around the edge.
A damaged rim is common when a coin hits another object with significant force. This is most often caused by coin-handling machines that mix up coins or vending machines that don’t separate them properly.
Because there are so many quarters in circulation, these dents are relatively common.
Unusual Washington Quarter Errors
However, some quarters are produced without the rim at all. Unusual Washington quarter errors with a rim error can be valuable among collectors.
Depending on the nature of the error, 1967 quarter rim error coins can be worth $5 to $30. Like other coins, the condition will impact how much this quarter dollar is worth to other collectors.
If your coin has a smooth rim due to wear and tear, it will not fetch the same value as an error coin without a rim.
Clipped Planchet Quarter Error
Another strange error coin is called a clipped planchet when the coin is struck and a portion of the coin is missing.
Even more unusual is when a quarter is struck on the wrong planchet. For example, a quarter might be accidentally minted on a five-cent planchet.
This is a big problem because the nickel is much smaller than the quarter. So you have only a portion of the quarter design that fits on the nickel-sized coin.
Prices for wrong planchet quarter misprints can be in the hundreds of dollars.
Multi Struck or Double Stuck Quarter Errors
Double-struck error coins can be some of the most exciting to discover. The error occurs when the coin is struck once and sticks to the striking chamber, the die lowers and strikes the coin again.
Error identification for double-struck coins can be difficult to distinguish and faint to the naked eye, so careful inspection is necessary. But if you spot a multi-struck misprint, you might have a quarter worth money.
Determining What Your 1967 Quarter Is Worth
As you’re sorting through your pocket change, you may stumble upon a quarter marked with the year 1967. You notice the mint mark is missing and wonder if it’s an error coin.
While the lack of a mint mark does not mean the 1967 quarter you found is rare, it could be worth more than face value, depending on its condition.
Quarter dollars from the years 1796 and 1964 contained 90% silver, making them worth more in melt value. But after 1964, the U.S. Mint changed the U.S. quarters to copper-nickel alloy composition.
What to do With Your Valuable 1967 Quarter
Today, you may find dealers and collectors who are interested in purchasing your collectible coins for more than their silver content is worth, particularly if you’re offering an ungraded uncirculated example or mint-condition example.
Have a 1967 quarter? If you believe your coin features one of the errors discussed above, or if you own an uncirculated version of the 1967 SMS quarter, consider taking it to a dealer or a professional coin grading service to learn more about its worth.
Let’s Go a Little Deeper on The Cool Washington Quarter –
So far, we’ve learned –
- The Coinage Act of 1965 changed the composition of coins from silver to copper-nickel clad.
- There are no silver 1967 quarters.
- There are no mint marks on the 1967 quarters.
- The most valuable 1967 quarter was sold at an auction in 2017 for $8,800.
- More than 1.5 billion Washington Quarters were struck in 1967.
But There’s more –
- The Washington Quarter began in 1932 when the U.S. Mint issued the coins to commemorate the 200th anniversary of the U.S. first president, George Washington’s birth.
- Since the beginning of the Washington Quarter in 1932, there were only two changes to the coin. One was in 1965 when the composition changed from silver to clad. The second change was in 1975, when the “Drummer Boy” reverse design was introduced.
- More than 21 billion Washington Quarters have been minted for circulation since 1932. And another 60 million proof quarters.
- The official weight of the 1967 Washington Quarter is 5.7 grams, but a plus/minus tolerance of .19 grams is still within specifications.
- Grading standards for a VG8 Very Good 1967 quarter include flattened top lettering, even and fine rims, and nicely outlined wing tips on the reverse design.
Do You Have More Questions? I Might Be Able to Help –
- Where can I sell my valuable coins online? Here’s a simple guide with a few of my favorite places to sell valuable coins.
- I’m not ready to sell, but how do I determine the value of my coins? Here are a few tips on rare coin valuations.
- Do you want to learn more about the different types of U.S. coins? Start with the basics.