1987 Quarter Value: Worth An Investment?

Coins hold a fascinating allure, not just as currency, but as historical artifacts that reflect the stories of their time. Among these, the 1987 quarter often stirs curiosity among collectors and casual onlookers alike. Is a 1987 quarter worth anything beyond its face value? This query leads us to explore the intricacies of numismatics, revealing how a seemingly ordinary coin can captivate the interest of collectors and investors.

The United States Mint produces billions of quarters each year, ensuring that they remain a staple in American commerce. However, coins from specific years can garner attention due to various factors such as mint errors, historical significance, or rarity. The 1987 quarter, minted during a bustling era of American history, may hold more value than one might initially assume. By delving into the qualities that make a coin valuable, one can begin to assess whether a 1987 quarter is worth holding onto or investing in.

Understanding the value of a 1987 quarter requires an exploration into its mintage, condition, and any unique attributes it may possess. This journey through the world of coin collecting not only sheds light on the potential worth of a 1987 quarter but also enriches our appreciation for the artistry and history encapsulated within these small metal discs. Let us embark on this informative expedition to discover the factors that contribute to the value of the 1987 quarter and its place within the broader context of numismatics.

Table of Contents

• Historical Context of the 1987 Quarter
• Mintage and Distribution
• Design and Features of the 1987 Quarter
• Numismatic Value: What Makes Coins Valuable?
• Condition and Grading: Assessing Quality
• Rarity and Demand: Key Factors in Valuation
• Mint Errors and Varieties: Unique Coin Attributes
• Market Trends: Coin Collecting Today
• Investment Potential of the 1987 Quarter
• Collecting Strategies: Building a Valuable Collection
• Historical Impact: The 1987 Quarter in Context
• Preservation and Care: Maintaining Coin Quality
• Legal Considerations: Understanding Coin Legality
• Frequently Asked Questions
• Conclusion

Historical Context of the 1987 Quarter

The year 1987 was a time of significant change and development on the global stage. In the United States, the economy was experiencing a period of growth, and technological advancements were beginning to reshape industries. Against this backdrop, the U.S. Mint continued its tradition of producing currency that would serve the nation both in commerce and as a reflection of its values and achievements.

The 1987 quarter, part of the Washington Quarter series, carries the legacy of George Washington's bicentennial celebration, which had concluded just a decade prior. This series began in 1932 to honor the 200th anniversary of Washington's birth, and it has since become a mainstay of American coinage. The 1987 quarter serves as a bridge between historical commemoration and modern-day currency, encapsulating the spirit of its era.

Examining the historical context of the 1987 quarter allows us to appreciate its place within both the Washington Quarter series and the broader narrative of American history. As we explore its mintage and distribution, we gain insights into the factors that contribute to its numismatic value and potential worth.

Mintage and Distribution

The U.S. Mint, responsible for producing the nation’s coinage, executed the mintage of the 1987 quarter at three primary facilities: Philadelphia, Denver, and San Francisco. Each of these mints contributed to the total production, with slight variations in the number of coins produced and the mint marks that identify their origin.

In 1987, the Philadelphia Mint produced approximately 582 million quarters, while the Denver Mint contributed around 587 million. These figures highlight the vast quantity of quarters circulated, ensuring their availability for everyday transactions across the country. However, the San Francisco Mint focused on creating proof coins, which are collector-grade coins made with a specialized minting process to produce a high-quality finish. Approximately 4.2 million proof quarters were struck in San Francisco.

Understanding the mintage and distribution of the 1987 quarter is crucial for assessing its potential value. While the large number of quarters produced in Philadelphia and Denver suggests a commonality among these coins, the lower number of proof coins from San Francisco indicates a potential for higher value, especially if they remain in pristine condition.

Design and Features of the 1987 Quarter

The design of the 1987 quarter remains consistent with the Washington Quarter series, featuring the iconic portrait of George Washington on the obverse side. This design, crafted by sculptor John Flanagan, has become a symbol of American currency and continues to serve as a tribute to the nation's first president.

On the reverse side, the 1987 quarter showcases the familiar image of an eagle with outstretched wings, clutching a bundle of arrows and an olive branch. This imagery, symbolic of strength and peace, aligns with the nation’s values and aspirations. The inscriptions "United States of America," "Quarter Dollar," and "E Pluribus Unum" further reinforce the coin’s identity and purpose.

The enduring design of the 1987 quarter contributes to its appeal among collectors, who value both its aesthetic qualities and historical significance. As we delve into the numismatic value of the coin, these design elements will play a role in determining its worth and desirability.

Numismatic Value: What Makes Coins Valuable?

Numismatic value refers to the worth of a coin as determined by collectors, distinct from its face value as currency. Several factors contribute to a coin's numismatic value, including rarity, demand, condition, historical significance, and unique attributes such as mint errors or varieties.

For the 1987 quarter, its numismatic value is influenced by the large mintage numbers from Philadelphia and Denver, which suggest a commonality among these coins. However, proof coins from the San Francisco Mint, due to their lower production numbers and higher quality, often hold greater numismatic value.

Coin collectors, known as numismatists, evaluate coins based on these factors, seeking pieces that enhance their collections' historical and aesthetic appeal. The numismatic value of a 1987 quarter can vary significantly depending on its condition, rarity, and demand within the collecting community.

Condition and Grading: Assessing Quality

The condition of a coin plays a pivotal role in determining its value, with collectors preferring coins that are well-preserved and free from significant wear or damage. Coin grading, a system developed to standardize assessments of coin condition, provides a framework for evaluating the quality of a coin.

Grading is typically conducted by professional organizations such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). These organizations use a scale ranging from Poor (P-1) to Mint State (MS-70), with higher grades indicating superior condition.

For the 1987 quarter, a coin in uncirculated or mint state condition, especially a proof coin, can command a higher value compared to those in circulated or lower-grade states. Collectors and investors often seek coins with higher grades, as they are considered more desirable and valuable.

Rarity and Demand: Key Factors in Valuation

Rarity and demand are two intertwined factors that significantly influence the value of a coin. A coin's rarity is determined by the number of specimens available in the market, while demand reflects the level of interest among collectors and investors.

The 1987 quarter, with its substantial mintage at the Philadelphia and Denver Mints, is not considered particularly rare in circulated condition. However, proof coins from the San Francisco Mint, due to their lower production numbers, are more scarce and often more sought after by collectors.

Demand for a coin can fluctuate based on market trends, collector interest, and historical significance. Understanding these dynamics helps numismatists and investors make informed decisions about which coins to acquire and hold in their collections.

Mint Errors and Varieties: Unique Coin Attributes

Mint errors and varieties are unique attributes that can enhance a coin's value and appeal. Mint errors occur during the production process and can include misstrikes, off-center strikes, or other anomalies. Varieties, on the other hand, refer to intentional design changes or variations that occur within a coin series.

For the 1987 quarter, certain mint errors or varieties may exist, although they are not as well-documented as those in other coin series. Collectors often seek out these unique coins, as they represent interesting deviations from standard production and can add intrigue to a collection.

Identifying and verifying mint errors or varieties requires expertise and careful examination. Collectors and investors should consult reputable sources and professionals to authenticate these attributes and determine their potential impact on a coin's value.

Market Trends: Coin Collecting Today

The world of coin collecting is ever-evolving, influenced by market trends, economic conditions, and collector preferences. In recent years, there has been a resurgence of interest in numismatics, driven by both seasoned collectors and new enthusiasts eager to explore the rich history and artistry of coins.

Market trends can impact the value and desirability of coins like the 1987 quarter. For example, periods of economic uncertainty may lead to increased interest in tangible assets such as coins, while shifts in collector demographics can alter the focus of the numismatic community.

Staying informed about market trends and developments is essential for collectors and investors seeking to maximize the value and enjoyment of their coin collections.

Investment Potential of the 1987 Quarter

Investing in coins, including the 1987 quarter, offers a unique opportunity to combine a passion for history and art with financial gain. While not all coins are suitable for investment, certain factors can contribute to a coin's potential for appreciation over time.

The investment potential of a 1987 quarter depends on its condition, rarity, demand, and any unique attributes it may possess. Proof coins, due to their limited production and higher quality, often have greater investment potential compared to circulated coins.

Investors should approach coin collecting with a long-term perspective, recognizing that market conditions and trends can influence a coin's value. Diversifying a coin collection and seeking professional advice can also enhance the investment potential of a coin portfolio.

Collecting Strategies: Building a Valuable Collection

Building a valuable coin collection requires a thoughtful approach, considering factors such as personal interests, budget, and long-term goals. Collectors often develop strategies that focus on specific themes, series, or types of coins that resonate with their individual preferences.

For those interested in the 1987 quarter, collecting strategies might include acquiring proof coins, seeking out mint errors or varieties, or building a complete set of Washington Quarters from different years and mints. Research and education are key to developing a successful collecting strategy, enabling collectors to make informed decisions and avoid potential pitfalls.

Networking with other collectors, attending coin shows, and joining numismatic organizations can also provide valuable insights and opportunities for expanding a coin collection.

Historical Impact: The 1987 Quarter in Context

The 1987 quarter holds a unique place within the broader historical context of American coinage. As part of the Washington Quarter series, it reflects the nation's ongoing tribute to its founding father and the enduring legacy of his leadership.

Beyond its historical significance, the 1987 quarter serves as a reminder of the cultural and economic developments of its time. By examining its design, mintage, and numismatic value, we gain a deeper appreciation for the role of coins in preserving history and connecting us to the past.

The historical impact of the 1987 quarter, along with its potential value, continues to captivate collectors and enthusiasts, inspiring new generations to explore the world of numismatics.

Preservation and Care: Maintaining Coin Quality

Preserving the quality of a coin is essential for maintaining its value and appeal. Proper care and storage can prevent damage and deterioration, ensuring that coins remain in optimal condition for years to come.

Collectors should handle coins with clean hands or gloves, avoiding direct contact with the surfaces to prevent oils and dirt from leaving marks. Storing coins in protective holders or albums can protect them from environmental factors such as humidity, temperature fluctuations, and light exposure.

Regular inspection and maintenance of a coin collection can help identify any potential issues early on, allowing collectors to take corrective measures and preserve the integrity of their coins.

Legal Considerations: Understanding Coin Legality

Understanding the legal aspects of coin collecting is important for ensuring compliance with relevant laws and regulations. While collecting coins is generally a legal and legitimate hobby, certain restrictions and requirements may apply.

For instance, the trade and ownership of coins that contain precious metals such as gold or silver may be subject to specific regulations. Additionally, collectors should be aware of counterfeit coins and fraudulent practices within the numismatic community.

Consulting legal experts or reputable numismatic organizations can provide guidance on navigating the legal landscape of coin collecting, helping collectors make informed decisions and protect their investments.

Frequently Asked Questions

• Is a 1987 quarter worth anything beyond its face value?

  While most 1987 quarters are worth their face value of 25 cents, proof coins or those in mint condition may have higher numismatic value.

• What factors contribute to the value of a 1987 quarter?

  Factors include mintage, condition, rarity, demand, and unique attributes such as mint errors or varieties.

• How can I determine the condition of my 1987 quarter?

  Professional grading services like PCGS or NGC can assess and grade your coin's condition on a standardized scale.

• Are there any known mint errors for the 1987 quarter?

  While not well-documented, some mint errors or varieties may exist. Consulting a numismatic expert can help identify these.

• What is the best way to store my 1987 quarters?

  Store them in protective holders or albums, and handle them with gloves to preserve their condition.

• Can I invest in 1987 quarters?

  Yes, especially if you focus on proof coins or those with unique attributes. However, consider diversifying your collection and seeking professional advice.

Conclusion

The 1987 quarter, while often overlooked in everyday transactions, holds a unique place in the world of numismatics. Its potential value extends beyond its face value, influenced by factors such as mintage, condition, rarity, and demand. By understanding the intricacies of coin collecting, enthusiasts can appreciate the historical and artistic significance of the 1987 quarter and make informed decisions about its place within their collections.

As we have explored, the world of coin collecting offers a rich tapestry of history, art, and investment potential. Whether you are a seasoned numismatist or a curious beginner, the 1987 quarter invites you to delve into the fascinating realm of numismatics and discover the stories hidden within each coin.