Rare 1960 Washington Quarters – The 1960 Washington Quarter is a remarkable piece of American numismatic history, embodying the elegance and craftsmanship of early 1960s coinage. Struck during a pivotal era when silver was still a key component of circulating coins, this issue holds particular allure for collectors and investors alike. While its mintage figures suggest relative abundance, the scarcity of high-grade specimens makes certain examples extraordinarily valuable.
This guide delves into the historical context, production details, notable auction sales, market trends, and design elements of the 1960 Washington Quarter, offering insights into why some pieces could be worth a fortune.
Table of Contents
Historical Context and Silver Usage
The Washington Quarter, introduced in 1932 to honor George Washington’s bicentennial birth year, quickly became one of the most enduring designs in U.S. coinage. By 1960, the series had firmly established itself as a staple of American commerce. The coins were composed of 90% silver and 10% copper, providing intrinsic value far beyond their face denomination. At the time, silver prices hovered around $1.29 per ounce, making these quarters attractive not only as currency but also as bullion investments.
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The year 1960 marked a period of stability in mint production before the Coinage Act of 1965 eliminated silver from dimes and quarters entirely. This legislative change transformed all pre-1965 silver coins into sought-after collectibles, amplifying their desirability among numismatists.
Mint Data and Production Figures
Key Mint Statistics
- Philadelphia (No Mint Mark): 29,164,000
- Denver (“D” Mint Mark): Not produced in 1960
The Philadelphia Mint handled the entire business strike production for 1960, resulting in a substantial mintage of nearly 30 million coins. Despite the large output, finding pristine examples remains challenging due to wear from circulation and handling over six decades.
Proof Sets
Though no proofs were officially struck in 1960, the previous year’s proof sets (1959) remain highly desirable for collectors seeking flawless representations of the Washington Quarter design.
Notable Auction Sales and Market Trends
While circulated 1960 Washington Quarters are common and typically valued primarily for their silver content, uncirculated and gem-quality specimens have achieved staggering prices at auction. Below are two standout examples:
High-Value Specimens
- 1960 MS68 PCGS
- Description: This extraordinary coin is the sole example graded MS68 by PCGS, featuring flawless surfaces with delicate rainbow toning along the edges. Its unparalleled quality places it at the pinnacle of rarity.
- Auction Result: Sold for $6,890 at Heritage Auctions in April 2021.
- 1960 MS67+ NGC
- Description: Graded MS67+ by NGC, this specimen boasts radiant luster and impeccable strike detail. Subtle golden toning enhances its eye appeal without detracting from its original brilliance.
- Auction Result: Realized $3,450 at Stack’s Bowers Galleries in June 2022.
Market trends indicate growing demand for high-grade examples, particularly those graded MS66 or higher. As silver prices fluctuate, lower-grade uncirculated coins often trade closer to their melt value, while premium-quality pieces command significant premiums.
Grading Rarity and Population Reports
Population reports from leading grading services such as Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) reveal the extreme scarcity of top-tier 1960 Washington Quarters.
PCGS Population Report Highlights
- MS67: 78 coins certified.
- MS67+: 12 coins identified.
- MS68: Only 1 coin known—a true unicorn in the numismatic world.
NGC Population Report Highlights
- MS67: 112 coins certified.
- MS67+: 10 coins identified.
- MS68: No examples reported, underscoring the dominance of PCGS in identifying ultra-rare specimens.
These numbers highlight the difficulty of locating high-grade coins, even within a relatively large mintage. Collectors should focus on acquiring coins graded MS66 or higher to ensure long-term appreciation.
Collector Interest and Investment Potential
The 1960 Washington Quarter appeals to a diverse range of collectors, including type set enthusiasts, date-and-mintmark specialists, and silver stackers. However, the real excitement lies in pursuing gem-quality specimens that combine historical significance, aesthetic beauty, and investment potential.
Investors targeting this issue should prioritize coins graded MS67 or higher, as these tend to appreciate steadily over time. Proof-like finishes, cameo contrast, and attractive toning can further enhance value. Additionally, coins with low population counts—such as the lone PCGS MS68—are likely to outperform broader market trends.
Coin Design
Obverse
Designed by John Flanagan, the obverse features a left-facing portrait of George Washington based on Jean-Antoine Houdon’s celebrated bust. Inscriptions include “LIBERTY,” “IN GOD WE TRUST,” and the date “1960.”
Reverse
The reverse depicts a heraldic eagle clutching olive branches and arrows beneath a banner inscribed “E PLURIBUS UNUM.” Surrounding text includes “UNITED STATES OF AMERICA” and “QUARTER DOLLAR.”
Edge
The coin features a reeded edge, adding both security and visual appeal.
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The Designer: John Flanagan
John Flanagan’s timeless design has remained virtually unchanged since its introduction in 1932, reflecting his mastery of blending classical artistry with modern practicality. His depiction of Washington captures the dignity and leadership of America’s first president, ensuring that the quarter remains an iconic symbol of national pride.
Full Coin Specifications
| Attribute | Details |
|---|---|
| Denomination | Quarter Dollar |
| Composition | 90% Silver, 10% Copper |
| Weight | 6.25 grams |
| Diameter | 24.3 mm |
| Thickness | 1.75 mm |
| Edge | Reeded |
| Designer | John Flanagan |
| Obverse Motif | Portrait of George Washington |
| Reverse Motif | Heraldic Eagle |
| Mint Marks | None (Philadelphia), “D” (Denver) |
In summary, the 1960 Washington Quarter offers a tantalizing mix of accessibility and exclusivity, depending on the grade and condition of the specimen. While circulated examples are abundant, gem-quality coins represent rare opportunities for collectors and investors. By focusing on high-grade, low-population pieces, you can unlock the full potential of this classic American coin.
