The 1987 quarter, a coin that has garnered significant attention from numismatists and collectors alike, holds a special place in the realm of American currency. As part of the Washington quarter series, which was first introduced in 1932, the 1987 quarter represents a fascinating era in the history of U.S. coinage. This period was marked by significant economic and technological advancements, which had a profound impact on the design, production, and circulation of coins.
Produced by the United States Mint, the 1987 quarter was minted in large quantities, with over 500 million coins produced across various facilities, including the Philadelphia, Denver, and San Francisco mints. The widespread production of the 1987 quarter was a response to the growing demand for coins, driven by the country's expanding economy and the increasing popularity of coin collecting.
Design and Specifications of the 1987 Quarter
The 1987 quarter features the iconic design of George Washington, the first President of the United States, on the obverse (front) side, which has remained largely unchanged since its introduction in 1932. The reverse (back) side of the 1987 quarter showcases an eagle, which was introduced in 1976 as part of the Bicentennial quarter design and continued through various iterations until 1998.
In terms of specifications, the 1987 quarter is composed of 75% copper and 25% nickel, clad in a copper core, and measures 24.3 mm in diameter. The coin's weight is approximately 5.67 grams, and its edge is reeded with 119 ridges.
Mint Marks and Production Numbers
One of the key factors that collectors consider when evaluating the 1987 quarter is the presence of mint marks, which indicate the specific mint facility where the coin was produced. The 1987 quarters were minted in Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark). The production numbers for each mint facility are as follows:
| Mint Facility | Production Number |
|---|---|
| Philadelphia | 468,780,000 |
| Denver | 491,308,000 |
| San Francisco | 396,624,000 (circulation), 2,747,200 (proof) |
Key Points
- The 1987 quarter is part of the Washington quarter series, introduced in 1932.
- Over 500 million 1987 quarters were produced across various mint facilities.
- The coin features a copper-nickel clad composition and measures 24.3 mm in diameter.
- Mint marks on the 1987 quarter indicate the specific mint facility where it was produced.
- The 1987 quarter's value depends on its condition, mint mark, and demand from collectors.
Condition and Grading of the 1987 Quarter
The condition of the 1987 quarter plays a crucial role in determining its value and desirability among collectors. Coins that are in excellent condition, with minimal wear and tear, are highly sought after by collectors and can command a premium price. The grading of coins is a complex process that involves evaluating factors such as the coin's surface quality, luster, and overall appearance.
Professional coin grading services, such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), provide a standardized system for grading coins. The 1987 quarter can be graded on a scale from MS-60 (mint state) to MS-70 (perfect condition), with various designations for coins that have been struck multiple times or exhibit other unique characteristics.
Rarity and Value of the 1987 Quarter
While the 1987 quarter is not particularly rare, certain varieties and mint marks can command a higher price due to their relative scarcity. The value of the 1987 quarter also depends on its condition, with coins in excellent condition fetching higher prices than those that are worn or damaged.
According to data from coin pricing guides, the value of a 1987 quarter in average condition is around $0.25, while coins in excellent condition can fetch upwards of $10 or more, depending on the mint mark and grading.
What is the composition of the 1987 quarter?
+The 1987 quarter is composed of 75% copper and 25% nickel, clad in a copper core.
How many 1987 quarters were produced?
+Over 1.3 billion 1987 quarters were produced across various mint facilities.
What is the value of a 1987 quarter in excellent condition?
+The value of a 1987 quarter in excellent condition can fetch upwards of $10 or more, depending on the mint mark and grading.
In conclusion, the 1987 quarter is a fascinating coin that offers insights into the history of American currency and the evolution of coin design. While it may not be particularly rare, its value lies in its condition, mint mark, and overall demand from collectors. As a numismatist, it’s essential to appreciate the nuances of coin grading, production numbers, and market demand to accurately assess the value and significance of this coin.