The Washington Quarter is as iconic a piece of US coinage as exists. Being that this coin is still being heavily circulated, it may come as a wonder to so many people how these pieces are being collected. Though it may be confusing at first, the Washington Quarters that are being bought up by collectors are those that were produced before 1965. These pieces have a metal composition that is different from the quarters still being produced today, and that is what makes them attractive to collectors.
Though so many people would like to get their hands on the Washington Quarter, there exists only a few well-preserved pieces for each year. Finding these pieces is difficult for most every collector.
When it comes to the 1958 Washington Quarter, the one thing every collector will do is assess the overall condition of the coin. Being more than 50 years old, these coins have had ample opportunities to become damaged. This is why you will see a prospective buyer carefully pour over the surfaces of a coin looking for even the smallest imperfections.
When it comes down to it, most people choose to send their coins away for grading at the hands of a professional company. Understanding that not everyone has the time and money sitting around to have their coins graded, we have provided an outline of the characteristics of different coin grades below.
Uncirculated: If a coin is determined to be Uncirculated, this means that the piece in question will have spent almost no time at all exchanging hands. These pieces will be in excellent shape and show absolutely no signs of wear and tear. All in all, these are the coins collectors want to get their hands on.
Extremely Fine: if a coin receives an Extremely Fine grade, this means that the coin in question was only circulated for a short period of time. Apart from some minor surface wear that is only able to be viewed after close inspection, these coins will appear to be pristine. These pieces are preferred by many collectors simply because they are in great shape and a bit more affordable than Uncirculated coins.
Fine: If a coin is determined to be of Fine grade, this means that the piece in question was circulated quite extensively. With that being said, despite its extensive circulation the coin will have avoided most major signs of damage. The most significant and often found types of damage are the wearing of the surface and light scratching.
Good: Good is the grade given to coins that have seen their better days. After decades of circulation, these pieces will have been extremely heavily damaged and devoid of many characteristics, including some imagery and inscriptions. The extent of damage on these coins is severe and will take away from their aesthetic appeal.
When it comes to assigning a price to the Washington Quarter, there are a few different factors one must pay attention to. First, the condition of the coin is all-important, but especially in the eyes of a prospective buyer. Secondly, because multiple types of Washington Quarter were minted every year, the exact type you possess will also play into the asking price. Below exists a chart aimed at giving you a better idea of what you can expect to pay for a Washington Quarter given its type and condition.
1958 Washington Quarter
|1958 Washington Quarter||N/A||N/A||$7.50||$8|
|1958 Washington Quarter (D)||N/A||N/A||$7||$8||Source: Red Book|