Quarters made of silver have a rich history that spans centuries. These coins, which were once a staple of everyday commerce, have become highly sought after by collectors and investors alike. In this article, we will delve into the history of silver quarters, exploring their origins, design, and the events that led to their eventual disappearance from circulation.
Early Years: The First Silver Quarters
The first silver quarter was minted in 1796, as part of the Draped Bust series. These coins were designed by Robert Scot and featured a depiction of Lady Liberty on the obverse, with an eagle on the reverse. The Draped Bust series ran until 1837, with a total of 887,495 coins minted.
Compositional Changes
In 1837, the Liberty Seated series was introduced, with a new design featuring Lady Liberty seated on a rock. This series ran until 1891, during which time the composition of the coins underwent several changes. In 1837, the silver content was increased from 89.24% to 90%, and in 1853, the weight of the coins was reduced from 6.68 grams to 6.22 grams.
The Barber and Standing Liberty Quarters
In 1892, the Barber series was introduced, featuring a design by Charles E. Barber. This series ran until 1916, when it was replaced by the Standing Liberty series. The Standing Liberty series, designed by Hermon A. MacNeil, featured a depiction of Lady Liberty standing on the obverse, with an eagle on the reverse.
The Washington Quarter
In 1932, the Washington Quarter was introduced, featuring a design by John Flanagan. This series ran until 1964, during which time the composition of the coins underwent several changes. In 1965, the silver content was reduced to 40%, and in 1971, the coins were changed to a copper-nickel clad composition.
The End of Silver Quarters
The 1964 Kennedy Half Dollar was the last circulating coin to contain 90% silver. The Coinage Act of 1965 abolished the use of silver in circulating coins, and the composition of the quarters was changed to copper-nickel clad. The silver quarters that remained in circulation were eventually removed, and today they are highly sought after by collectors.
Collecting Silver Quarters
Collecting silver quarters can be a rewarding hobby, with many different series and designs to choose from. Some of the most popular silver quarters for collectors include the Draped Bust series, the Liberty Seated series, and the Barber series. When collecting silver quarters, it's essential to consider the condition, rarity, and authenticity of the coins.
Investing in Silver Quarters
Investing in silver quarters can be a great way to diversify your portfolio and protect your wealth. Silver quarters are a tangible asset, and their value can appreciate over time. When investing in silver quarters, it's essential to consider the market demand, the condition of the coins, and the storage and security of your investment.
We hope this article has provided you with a comprehensive overview of silver quarters. Whether you're a collector or an investor, we encourage you to share your thoughts and experiences with us. Do you have a favorite silver quarter series or design? Have you invested in silver quarters? Let us know in the comments below!
What is the most valuable silver quarter?
+The most valuable silver quarter is the 1804 Draped Bust Quarter, which can sell for up to $100,000.
What is the rarest silver quarter?
+The rarest silver quarter is the 1873 Liberty Seated Quarter, with only 940 coins minted.
Can I still use silver quarters as currency?
+No, silver quarters are no longer in circulation and are not accepted as currency. However, you can still collect and invest in them.