1994 Quarter Value: How Much Is It Worth Today?
Do you have a 1994 quarter and are you eager to discover the 1994 quarter value? Look no further – this blog post is here to provide an in-depth analysis on its worth!
Not only will we discuss factors such as its worth according to its varying conditions, we will also look at its physical features, such as its metal composition and other similar characteristics that can affect its value. Additionally, we’ll review where to buy one if it’s something you’re interested in collecting or investing in, as well as other frequently asked questions. So whether you have recently inherited a collection of coins or are simply curious about their history and worth, read on for all the information you need about your 1994 quarter!
Let’s dive in.
1994 Quarter Value Chart
|Mint Mark||Good||Fine||Extremely Fine||Uncirculated||Proof|
|1994 P Quarter Value||/||/||/||$11||/|
|1994 D Quarter Value||/||/||/||$11||/|
|1994 S Proof Quarter Value||/||/||/||/||$4.63|
|1994 S Silver Proof Quarter Value||/||/||/||/||$13|
Value by Mint Mark
The first quarter, or 25-cent coin, was introduced in the United States a couple hundred years ago, but the first Washington quarter as we know it today was made in 1932.
Initially these coins were struck from silver, but the metal composition changed in 1965 when silver was removed from circulating coins and replaced with copper-nickel clad.
This means that all quarters made beginning in 1965 and after, including the 1994 quarter, do not contain any silver or other precious metals, unless you count the special proof coins that are silver and copper, produced in only certain years. As a result, the value of these coins is based more so on their condition rather than on their metal composition.
The 1994 quarter has a left facing picture of George Washington on one side (the obverse) surrounded by the words “Liberty”, “In God We Trust”, the year, and the mint mark. On the reverse side you’ll see a picture of an eagle with wings spread, along with the words “United States of America”, “Quarter Dollar”, and “E Pluribus Unum” (which means “Out of many, one”).
As far as composition and other physical features go, the 1994 quarter is made of 91.67% copper and 8.33% nickel, has a diameter of 24.26 millimeters, and weighs 5.67 grams. It also has a thickness of 1.75 millimeters and a reeded (grooved) edge.
The mint mark on your 1994 quarter will determine its value. Quarters with a “P” were produced at the Philadelphia Mint, while coins with an “D” mint mark were struck in Denver, and those with an “S” were made in San Francisco.
Let’s look at each one individually:
1994 P Quarter Value
The Philadelphia Mint is responsible for striking the majority of the nation’s coins, and the 1994 quarter is no exception. Over 825 million of these coins were produced in Philadelphia and, as a result, the value of a 1994 P quarter is not super extravagant.
In circulated condition, which is “Good” condition, “Fine” condition, and “Extremely Fine” condition, a 1994 Philadelphia quarter is worth just face value – twenty five cents. “Uncirculated” examples jump, however, and are worth around $11 or more depending on their condition (how high the “Uncirculated” grade is) and where you shop!
1994 D Quarter Value
The Denver Mint’s production numbers for the 1994 quarter were similar to that of Philadelphia’s – they struck approximately 880 million coins. As such, this makes them equally as prevalent and valuable as their counterpart from the other mint.
In “Good”, “Fine”, and “Extremely Fine” condition, a 1994 Denver quarter is worth twenty five cents (face value). But those “Uncirculated” ones usually go for about $11 and up, depending on the quality!
One of these coins in a mint state 67, which is in on the high end of “Uncirculated” actually sold at an auction recently for $1000! Not too bad for a twenty five cent piece!
1994 S Proof Quarter Value
The San Francisco Mint had the smallest production numbers for the 1994 quarter with only around 2 million struck. As you can imagine, these coins are very rare and highly sought after by collectors due to their low mintage.
These are Proof coins, which were made from a special process and meant primarily for collectors. This means they were not circulated for the general public.
As such, they all potentially should be in “Uncirculated” condition. This means they don’t have much value at all in “Good”, “Fine”, and “Extremely Fine” conditions. In “Uncirculated” condition, a 1994 San Francisco Proof quarter is worth $4.63 or more depending on its overall condition.
“Uncirculated” examples can fetch quite a bit if they are in top-notch condition!
1994 S Silver Proof Quarter Value
In addition to the standard proof quarters, the San Francisco Mint also produced a special 1994 silver Proof quarter – meaning it was made from .900 fine silver!
These coins have a composition of 90% silver and 10% copper and weigh 6.25 grams instead of the regular 5.67 gram weight.
As far as value goes, these coins are worth face value in lower conditions but are worth around $13 in “Uncirculated” condition, or maybe even more if there is a bidding war at an auction!
1994 Quarter Grading
Grading a 1994 quarter requires an understanding of the overall condition of the coin. The most common grading system used is the Sheldon Scale, which assigns a numerical grade from 1 to 70. A grade of one indicates a poor-quality coin while a grade of 70 is reserved for coins that are considered perfect in every way.
The first step in grading a 1994 quarter is to identify its mint mark and metal composition. Quarters struck before 1964 were made with 90% silver, while those produced after that date were made with copper-nickel clad compositions instead. Knowing its metal composition can help you determine if it is worth more than its face value.
When inspecting your quarter, look for signs of wear, damage, or other defects such as scratches on the surface, discoloration, or missing details due to metal erosion. You should also check its edges; they should be smooth and well-defined with no signs of flattening or chips. If any parts appear damaged or worn out it might affect its value significantly.
Next, look carefully at each side of the coin to assess how clear the designs and lettering are. Make sure all details are still visible including dates and mint marks. This can give you an idea about the state of preservation your 1994 quarter is in and whether it has been circulated extensively in the past or not.
Finally, compare your 1994 quarter to existing coins graded by professional numismatists (coin collectors). This will help you know where your coin falls on the Sheldon Scale so that you can accurately assign it a numerical grade from 1 to 70 based on its quality relative to other quarters produced in that year. Grading your coin takes time and expertise but doing so may significantly increase its resale value if done properly!
1994 Quarter Error Coin List
Another thing that affects a coin’s valuation is if there are any mint errors present.
An error coin is a mis-struck or damaged coin that gets this error when the minting process goes wrong. Errors can range from minor details like off-center strikes, double strikes, missing lettering or design elements to major issues such as clipped planchets or wrong metal composition. Regardless of whether the errors are major or minor, an error coin can often bring in quite a lot of money at auction, especially if the coin also has a particularly high grade.
1994 D Quarter – Clipped Planchet Error
This error is caused when part of the metal planchet (the blank piece of metal used to make a coin) is missing after it has been struck by the minting press. A clipped planchet error on a quarter will be noticeable right away as the coin will appear to have an irregular shape or design.
This particular coin had a mint state 63 grade, which is on the lower end of “Uncirculated” and sold for $23.
1994 P Quarter – Double Struck Error
This error occurs when the coin is struck twice by the minting press, resulting in two images overlapping each other. On a double-struck quarter, you will notice that there are two distinct designs on one side of the coin, or sometimes even both sides!
This unique coin had a grade of MS 61 and sold for an impressive $138.
1994 P Quarter – Capped Die Error
Another interesting error found from 1994 is the capped die error. This error occurs when part of the die (the device the metal is pressed against to make the coin) becomes capped, usually with another coin planchet. When this happens, it will leave a squished portion on one side of the coin being stamped, resulting in a blurred or almost foggy image.
Capped die errors are fun and highly collectable, and the 1994 P quarter with this error sold recently at an auction for over $150.
1994 P Quarter – Elliptical Clip Error
This is a lesser-known error type, caused when part of the metal planchet gets cut off during the minting process. This can create an elliptical shape on the coin.
An example of this kind of ellipse clip error sold for $25 at auction not too long ago.
1994 Quarter Frequently Asked Questions
Now that you know how to grade your 1994 quarter, here are the answers to some frequently asked questions about this popular coin.
How Much is a 1994 Quarter Worth?
The value of a 1994 quarter depends on its condition and composition. If it is made from 90% silver, then it can be worth up to $13 depending on its condition. The quarters that are the traditional copper-nickel clad are only worth their face value of twenty five cents.
Where Can I Find Out More Information about my 1994 Quarter?
You can read more about the history and characteristics of these coins by visiting the US Mint website or researching online forums for numismatists (coin collectors). Additionally, you can contact a professional numismatist to get an appraisal of your 1994 quarter. A couple of different grading companies include PCGS and NGC.
Can I Clean my 1994 Quarter to Improve its Condition?
No. The answer to this question is almost always no. Cleaning or attempting to polish a coin may cause damage, no matter how careful you are, and that process will most definitely significantly reduce your 1994 quarter value. It is best to leave cleaning coins to professionals, if at all.
Where Can I Buy a 1994 Quarter?
If you’re looking to add a 1994 quarter to your collection, then you’ll want to consider buying from reputable coin dealers online or at local coin shops. Coin dealers will typically have a wide selection of coins, including some that may be harder to find. Additionally, you can look into auctions and coin shows for 1994 quarters in great condition.
They are worth different amounts depending on the mark that is on them.
Can I Buy 1994 Quarters from the US Mint?
No, you cannot buy any 1994 quarters directly from the US Mint. The 1994 quarters were produced for circulation and distributed, and they are no longer made by the mint. The US Mint does not make any coins for direct sale to consumers.
All in all, the 1994 quarter has not been around that long yet so there’s still room for it to increase in value! While some quarters are worth more than face value, the majority of these coins have a face value of twenty-five cents. However, no matter what type of 1994 quarter you have, it can be a fun and rewarding experience to add this coin to your collection.
We hope this article has been helpful in understanding the 1994 quarter and that it will help you determine the true value of yours! With the right amount of research and knowledge, you can be sure to get the most out of your coins. Good luck with your investments!
Do you have a 1994 quarter on your hands? We’d love to know all about it in the comments below. Fill us in!