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    1947 Washington Quarter

    The 1947 Washington Quarter is just one of many produced by the US Mint, but is extremely popular amongst collectors who are attempting to put together a complete collection. Though this particular coin is old and was minted many years ago, you will still find its design on Quarters minted in the United States today.

    For collectors, these early Quarters have plenty of historical significance, which makes them perfect candidates to be added to a collection. Add this to the fact that they possess silver, these coins are especially popular amongst collectors everywhere.

    Grading the 1947 Washington Quarter

    When it comes to coins that are from the 1940s or earlier, collectors are always going to question the exact condition the coin is in. Because these pieces have had ample time to incur damage, collectors will pour over the coin’s surfaces looking for any and all imperfections.

    Normally, coins such as the 1947 Washington Quarter are sent away for grading by a professional coin-grading organization, but not everyone has the time and money to do this. For that reason, we have provided below a chart that outlines the different characteristics of coins of certain grades.

    Uncirculated: As the name suggests, Uncirculated coins are those that never spent any time going from hand to hand. These coins were kept in safekeeping throughout their lives and were never subjected to damage. Appearing as though they were just recently minted, these coins are of particularly popularity in the eyes of collectors everywhere.

    Extremely Fine: An Extremely Fine coin will resemble an overly pristine piece, but if you look closely you will be able to make out some minor imperfections. Some light scratching may be present on the piece’s surfaces, but apart from that the damage and wear and tear will be quite light. In such great shape, it is no wonder that these coins are a great find for any collector.

    Fine: For coins that were circulated for a long period of time but are still in decent shape, Fine is an appropriate grade. Coins of this grade will show ample signs of damage and wear, but the imagery and inscriptions will have remained intact. The biggest blemish is the fact that the coin’s faces will have worn down a bit due to the changing of hands over the years.

    Good: Good is the worst grade a coin can receive, and quite appropriately seeing as these coins are often very heavily damaged. Almost completely smooth to the touch, the surfaces of the coin will show their age and even the imagery will be difficult to make out with the naked eye.

    Pricing the 1947 Washington Quarter

    The 1947 Washington Quarter can range in price all dependent on a few different factors. For one, the condition of the coin will mean everything to collectors, so it goes without saying that those well-preserved coins will sell for much higher prices than those coins in poor shape. Secondly, because there were multiple types of the Washington Quarter produced every year, the exact type of coin is something that will also play into the price you pay. Below is a chart aimed at giving you a better idea of what you might pay for a Washington Quarter given its type and condition.

    1947 Washington Quarter

    1947 Washington Quarter N/A N/A $7.50 $8
    1947 Washington Quarter (D) N/A N/A $7.50 $8
    1947 Washington Quarter (S) N/A N/A $7 $8
    Source: Red Book

    All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.