Although the US Mint intended to issue only a commemorative Washington quarter series in 1932, these coins in a modified form have stayed in circulation to this day. Almost every coin collector currently owns at least a part of this quarter series.
Some Washington quarters are worth much more than others because many factors affect their price. That also applies to the 1974 quarter value that depends on the total mintage, the mint mark, and rare errors. Let’s see.
1974 quarter value Chart
|1974 No Mint mark quarter
|1974 D quarter
|1974 S quarter
|Mint state 65
1974 Quarter Value Guides
Three mints produced 1974 Washington quarters. Aside from the mint mark, these coins vary in their value. No-mint mint mark quarters are the most common, while the proof coins have the highest price.
1974 No Mint mark quarter value
The Philadelphia mint struck most of the 1974 Washington quarters, 801,456,000 total. All coins went into circulation, meaning people regularly used them in everyday financial transactions. None of the Philadelphia-made 1974 quarters have the struck mint mark.
Unfortunately, minting in bulk resulted in this coin being common and generally worth only slightly more than its face value. The only exception is high-quality coins that are typically worth a few dollars.
For instance, the 1974 Washington quarter produced in Philadelphia in an MS 65 grade costs about $5. On the other hand, several other pieces can bring you a decent amount of money.
Finding a well-preserved piece in the mint state can bring you over a thousand dollars at auctions. The 1974 MS 67+ Washington quarter sold for $2,115 at Legend Rare Coin Auctions in 2020 is the most expensive in the series.
1974 D quarter value
The Denver mint issued significantly fewer Washington quarters than the Philadelphia mint in 1974, only 353,160,300. As I have already mentioned, you can confirm the mint by finding the D letter on the obverse, right of the President’s bust.
As expected, the result of lower mintage is the coins’ higher value. An average 1974 D quarter in an MS 65 grade is typically worth about $9, twice as much as the same grade piece without the mint mark.
All these coins went into circulation, so those worn out by hand-to-hand transactions are not worth much. That also means they are available and easily affordable, even for novice collectors.
However, top-notch coins can fetch high prices, including the record value of this coin of $1,450. One collector set aside that sum for the 1974 D MS 67+ Washington quarter in 2021.
1974 S proof quarter Value
The San Francisco mint’s share of the 1974 quarter production is pretty low, with only 2,612,568 minted coins. Be aware that these pieces are proof coins that can be very valuable and sought after among collectors.
Since these proofs were never in circulation, all were in an uncirculated condition and well-preserved. They were typically highly polished and struck multiple times, so all the finest details and lines in the design were clear and sharp.
1974 S proof Washington quarter value
|1974 S quarter
|1974 S CAM quarter
|1974 S DCAM quarter
The 1974 S Washington quarters were primarily struck for collectors and presentations. Therefore, you can often find 1974 S quarters with a cameo or deep cameo contrast.
These exclusive coins are deeply polished and highly reflective, and you can sell them for much more than pieces from a regular strike.
The proof coins with a cameo contrast have a mirror-like luster, while the design details, like letters and bust, appear milky and white. They are not reflective, and you can clearly distinguish them from the rest of the coin.
In the case of the DCAM quarters, it goes one step further. At first glance, it may even look black and white due to the high contrast between the field and design. Some collectors describe the pronounced white details on the deep cameo coin as frosty and creamy.
Both coin types are scarce and worth a lot because their way of production is unique. It is no coincidence that the most valuable 1974 S PR 70 DCAM Washington quarter was sold for $10,925 at an auction in 2009.
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1974 Washington Quarter Errors
The 1974 Washington quarter had a high mintage, and over a billion coins were produced. That means you can occasionally run into an error quarter and sell it for a much higher price than the regular coin.
Some die cracks and chips are expected, but there are several error quarters that you should keep an eye on.
1974 Off-center error
An off-center error happens when the punch on the coin field occurs closer to an edge rather than precisely on the spot. These coins vary in off-center error percent and are worth more when it is higher.
Although finding a 1974 off-center Washington quarter can be challenging, some pieces appear on the market from time to time. You can find it on Etsy or eBay for $20 to $50.
1974 Clipped Planchet error
The 1974 Washington quarter with the clipper planchet error looks broken and like it is missing a part. That happens when the metal sheet imprecisely strikes a blank metal during the minting. The more clipped coin is the higher its value.
You can commonly find this error among coins struck in the Philadelphia mint. Most of these quarters cost about $14 on eBay.
1974 Silver error
Interestingly, it is impossible to find Washington quarters minted in 1975. In 1974, all three US mints made preparations for the 1976 Bicentennial quarter production, plus they struck 1974 quarters parallel with preparing new coins.
Since pieces with the 1776-1976 date minted in the San Francisco mint contained 40% silver, many collectors believe there are 1974 silver Washington quarters. They point out that some silver planchets were probably used for the 1974 coins by mistake. Supposedly, the price of such a coin would be several thousand dollars.
However, the fact is that an allegedly 1974 silver quarter is selling on eBay for just $125. Keep in mind that the existence of this error quarter is down to speculation. Also, its desirability creates an opportunity for fraudsters and counterfeit.
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History of the 1974 Washington Quarter
The history of the Washington quarter begins two years before its first issue. Initially, the US Congress planned to celebrate the 200th anniversary of George Washington’s birth by issuing a half-dollar and a medal.
Then, they announced a competition to replace the previous Standing Liberty quarter, and sculptor Laura Gardin Fraser’s design won. However, the decision was changed, probably because the winner was a woman. The US Mint organized the second round to get the desirable look of the new US quarter.
Sculptor John Flanagan won this time with his design featuring the President’s bust on the obverse. The reverse was in an American style with a heraldic bald eagle in the center.
1974 Washington quarter
|1974 No Mint mark quarter
|1974 D quarter
|1974 S quarter proofs
Initially, the idea was to make the Washington quarter a one-year issue. However, the public accepted this coin well, and the production continued.
The mints used the Flanagan design on Washington quarters by 1998, when the new State quarters were introduced to the public. However, these coins featuring a modified Flanagan design on the obverse are still in use today.
Up to 1965, the Washington quarter contained 90% silver and 10% copper. However, the 1974 quarter has a so-called cupro-nickel composition, which means it contains a copper core and a layer made of a copper and nickel combination.
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how to identify 1974 Washington Quarter?
Three mints produced the 1974 Washington quarters, with a total mintage of 1,157,228,868 pieces. That means they are pretty available and easy to obtain on the current coin market. All share the same design, with the mint mark or lack of it as the only detail you can use to distinguish them.
The obverse of the 1974 Washington quarter
The sculptor John Flanagan designed the 1974 Washington quarter with the first American President on the obverse. A sculptor made his portrait based on Jean-Antoine Houdon’s model from 1785.
The President’s profile is in the coin center, and you can read IN GOD WE TRUST in front of him. There is also the word LIBERTY above his head, while the issue date is below the bust.
If you observe the coin closely, you can see the initials JF on the line of the President’s neck, just above the number 4 in the date. Coins made in Denver and San Francisco also have the mint mark on the right side of the coin. You can notice it behind the ribbons in the President’s hair.
The reverse of the 1974 Washington quarter
The Washington quarter’s reverse is rich in detail. The crucial motif is the bold eagle, the national bird of the United States since 1782. Its wings are widespread, and you can see a bunch of arrows in its talons, symbols of war.
Two olive branches are located below the arrows as a symbol of peace. The mandatory QUARTER DOLLAR denomination is at the coin bottom, below these branches.
This coin also features the engravings UNITED STATES OF AMERICA on top and the traditional US slogan E PLURIBUS UNUM. This Latin saying symbolizes the unity of all US states.
1974 Washington quarter
|0.2 ounces (5.67 g)
|0.06889 inches (1.75 mm)
|0.95669 inches (24.3 mm)
|Outer layer compound
|75% copper plus nickel
Other features of the 1974 Washington quarter
The 1974 Washington quarter’s metal compound is complex and consists of two parts. The coin core contains pure copper covered with an alloy of 75% copper and 25% nickel.
The quarter’s characteristics include a diameter of precisely 0.96 inches (24.3 mm) and a weight of 0.2 ounces (5.67 g). Each piece is 0.07 inches (1.75 mm) thick.
The initial US Mint idea was to issue a Washington half-dollar, but the final decision was a coin with a $0.25 face value. It has the traditional round shape while its edge is reeded with a total of 119 reeds.
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What makes a 1974 quarter rare?
In general, the 1974 Washington quarter is not a scarce coin. You can quickly obtain it in good condition for a little over its face value. That said, mint state pieces are rare and desirable among collectors.
Which 1974 quarter is worth a lot of money?
- 1974 S PR 70 DCAM Washington quarter that was sold at Heritage Auction for $10,925 in 2009
- 1974 No Mint mark MS 67+ Washington quarter that was sold at Legend Rare Coin Auctions for $2,115 in 2020
- 1974 D MS 67+ Washington quarter that was sold on eBay for $1,450 in 2021
- 1974 S PR 70 Washington quarter that was sold on eBay for $100 in 2018
- 1974 S PR 70 CAM Washington quarter that was sold on eBay for $77 in 2020
How much is the 1974 No Mint mark Washington quarter worth?
The Philadelphia mint produced over 800 million quarters without the mint mark in 1974. Most of these coins are not worth much, and you can buy those in an MS 65 grade for about five dollars.
The rule of thumb is that the higher the coin quality, the more it is worth. For instance, one collector paid $2,115 for the 1974 Washington quarter in 2020, making it the most expensive in the series.
What is the rarest 1974 Washington quarter?
All 1974 proof quarters are considered scarce and valuable, but those with deep cameo contrast are the hardest to obtain. The auction record holds the 1974 S PR 70 DCAM Washington quarter. One collector paid an enormous $10,925 for it at an auction in 2009.
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