Last Updated on August 29, 2022
The 1987 quarter, also known as the Washington quarter, is one of the most recent important coins belonging to the US mintage. It is one of the favorite coins for collectors to have. Many collectors will try to buy the 1987 quarter from you if you have it in the best condition.
However, if you are also looking to buy the 1987 quarter, there is much to know about it. Here is all you need to know about it.
How Much Is A 1987 Quarter Worth?
In 1979 the P mintmark was introduced for the coins that were produced in Philadelphia. Before that, the coins from this mint didn’t have any mintmark.
The 1987 quarter with P and D mintmarks is worth around its face value in every condition. However, in uncirculated condition with MS65, the value can be up to $10 for the P mintmark quarter. On the other hand, you can get the quarter in about $7 with a D mintmark if in uncirculated MS65 grade condition.
1987 with S mintmark produced in San Francisco were made only as proof coins. This is because the San Francisco mint didn’t produce any coins to circulate in the economy. Therefore, each proof coin of the 1987 quarter is worth around $5.
|Coin||Good||Very Good/Fine||Extremely fine||MS60||MS65||Proof Coins|
|1987 P Quarter||–||–||–||–||$10||–|
|1987 S Quarter||–||–||–||–||–||$5|
|1987 D Quarter||–||–||–||–||$7||–|
What Factors Can Affect The Value of 1987 Quarters?
When dealing with old coins, many factors can affect the value of the coin you are looking at. The price of every coin is different, looking at its condition and other factors. Therefore, this section is essential for you to understand.
Here are some factors that can influence the value of the 19987 quarter.
If you compare the price of the 1900 quarter and 1987 quarter, you will notice the difference we are talking about here. This is because the recent year coins are not worth the old coins.
As the coins are minted in millions, there is a chance that you can easily find them. However, with time the good condition and above coins start becoming rare. This is when the price will see a boost.
This is a simple game of demand and supply. There is no doubt about the fact that there are thousands of collectors wanting to get their hands on old coins. And if those coins, such as 198 quarters, are easy to find anywhere, the price can be very low.
With time, as it becomes difficult to find such coins, the demand stays the same, but with restricted supply, it boosts the price.
The most important factor in this list is the one right here. No one wants to get 1987 quarters that are not in good condition. Therefore, the need for best-condition coins increases.
The better the condition is of the quarter, the higher the price will be. That is why you will find the top condition quarters with high prices.
How Has The Washington Quarter Changed From the Previous Century?
Washington quarter holds a very high place in the US mintage. It is one of the oldest coins in an economy with various issues. Various issues have been introduced since 1932, the start year of the Washington quarters.
When the Washington quarters were introduced, they had a silver composition containing around 90% silver. But that was until 1964 when the composition was changed to copper-clad.
After many years the designs were also changed, and there were commemorative issues. It is the perfect way to pay tribute to something special in the history of the US.
What Is The Metal Composition of the 1987 Quarter?
The metal composition of the 1987 quarter is clad. Each quarter is made up of 91.67% copper and 8.33% nickel. Before this, the quarters were made of 90% silver and 10% copper.
But due to economic and other factors, the government decided to change the composition as it would be feasible. In addition, knowing the metal composition helps you understand the coin.
On the other hand, when you are out to get the coin, it will help you see if the coin is original. Therefore, learn as much as possible about the coin you are considering getting. Many counterfeits are circulating the market, so we don’t want to get your hands on one.