The Washington Quarter is easily one of the most iconic pieces of US coinage ever produced, and is actually still running on the production lines of the US Mint today. While it may be hard to believe that a Quarter produced back in the 30s is still popular today, the early editions are especially popular in the eyes of collectors because of their silver content.
On top of the value of the silver in the coins, collectors are constantly trying to get their hands on these coins in order to put together complete collections. Of course, only those coins in great condition are the ones that are extremely sought after by collectors.
For coins as old as the 1937 Quarter, collectors are always going to first concern themselves with the condition of the coin. Being that these pieces have had ample time to accumulate damage and wear, it should come as no surprise that many are in less than ideal condition.
If you are a die-hard collector, your best option would be to send your coins away for grading by a professional company, but this is not always an option. Understanding that not everyone has the time and money to have their coins graded, we have provided below an outline of the characteristics associated with the different coin grades.
Uncirculated: A coin that is graded as being Uncirculated is one that never spent any time on the open exchange market. These coins have been extremely well-preserved and appear as though they were minted just recently, not many decades ago. For collectors, it is always preferred that their coins are of this grade, but that is not always a realizable goal.
Extremely Fine: If a coin is graded as being Extremely Fine, this means that it was circulated for only a very short period of time. During its time in circulation, these coins will have incurred only a very little bit of damage that can be seen only under close inspection. Collectors also jump at the opportunity to purchase these coins as they look extremely nice.
Fine: For coins that are graded as being Fine, this means that the piece was circulated for quite a long time but did not have the chance to be overly damaged. You will undoubtedly notice some consistent scratching and surface wear, but the overall texture and imagery on the coin’s face will have been nicely preserved.
Very Good: Very Good is a grade given to coins that are heavily damaged, but not so much so that their imagery is unable to be seen. Through being circulated for decades at a time, these coins have had ample opportunity to be heavily damaged. Still, with how new these coins are (relatively speaking) it is not surprising that there are so many in great condition.
If you are attempting to price out the 1937 Washington Quarter, there are a few different factors you must first take into consideration. For one, there were multiple types of Quarters minted every year and the scarcity associated with that type of Quarter will play into the price you pay. Secondly, as is the case with any coin, the Quarter’s condition will play into the price you are paying. The chart below is aimed at giving you a better idea of what you might be asked to pay for a Washington Quarter from 1937 given its condition and type.
1937 Washington Quarter
|1937 Washington Quarter||N/A||N/A||$8||$12|
|1937 Washington Quarter (D)||N/A||N/A||$15||$30|
|1937 Washington Quarter (S)||N/A||N/A||$35||$95||Source: Red Book|