The Professional Coin Grading Service (PCGS) uses the name “Type 4, Silver, Bi-Centennial Reverse” for this special coin. This quarter dollar was made to celebrate the 200th anniversary of the signing of the Declaration of Independence.
Therefore, this quarter dollar dates back to 1976, since this important event in American history took place in 1776. Even if independence was not achieved until 1783, the signing was of vital importance for Americans.
Quarter Dollar Coin Dual Date
To highlight the fact that it was 200 years ago, this quarter dollar shows both dates. That is why it is called bi-centennial. Apart from the copper-nickel-clad versions, there were some 40% silver-clad alloys too.
As the United States signing of the Declaration of Independence is approaching its 250th anniversary, these coins may become more valuable. This quarter dollar’s most important feature is the fact that it had a special reverse pattern.
According to Chronicle Collectibles’ official website, one of them was sold for more than $19,000. This auction took place a few years ago. Some other similar quarter dollars have reached high prices too.
Why have these quarter-dollar coins become so valuable?
As it was previously stated, some of these quarter dollars were made of about 40% of silver. This important characteristic makes these quarter dollars much more valuable since they are rarer.
The less frequent a coin is, the higher its value could be. What is more, collectors a numismatic lovers may be willing to pay more money when a quarter dollar is in perfect condition.
If you have one of these coins because you bought it years ago or you have recently inherited it, you could ask PCGS to grade it and see how much it is worth. However, if you do not need the money, you may want to keep it and sell it after a few years have passed to see if its value has gone up.