Do you have gold quarters and you do not really know their worth? This could be confusing at times because market values are not always constant. Also, if you do not know the worth, it would be difficult to know the price to sell. You will find that good knowledge of pricing goes a long way to determine if you would make profit or not.
Most people do not know that quarters are of different types. The common types include gold-plated quarters and gold coins. The gold quarter value is usually higher than that of the gold-plated one. Although they look alike, their values are completely different. So, it is only when you know their differences that you will be able to pin-point their respective value. Quarters are circular in shape and similar to coins. You will also find different inscription and images drawn on them.
In this article, we will do a quick review of how to know the worth of gold quarters through their prices. Please continue reading as we explain more
Understanding Gold-plated and Gold Quarter
As stated earlier, these two are almost the same but different. On one hand, gold-plated quarters, as the name implies, are coins coated with gold. This means that they are not 100% gold. The appearance of the coin is golden, although it is not completely made of precious metals. The outer coating of gold is just about 3 inches thick.
On the other hand, gold quarters are made up of pure 24 karat gold. It is usually composed of 99.9% precious metals making it an original precious metal coin. This is the major difference between the two options. Additionally, it weighs more and has greater value.
Factors that Determine the Worth of Gold Quarters
Here are some of the factors that determine the worth of quarters:
When a gold coin passes through fire, it melts. During this process, the actual amount of precious metals it contains can be easily weighed. The melt value, therefore refers to the worth of precious metals contained in a quarter. The higher the melt value, the higher the worth and price of the quarter.
Using a gold-plated quarter as an example; when exposed to specific temperature, it will melt. But the value of gold in it will be minimal as it only contains 3 inches of golden coating.
Year of Production
This is another factor that determines the value of quarters. Until 2016, the 1788 quarter, commonly known as the Virginia Statehood coin, was produced to celebrate the year Virginia became a state in the US. This coin resembled a gold quarter, although it had no precious metal embedded in it. It was majorly made up of copper and colored with 24-karat golden color. Also, its value was only important to the people residing in Virginia and not to those who want to invest in precious metals.
Furthermore, in the 18th century, there was a coin named the quarter-eagle coins. This coin resembles gold quarters, though they are a little smaller and dense. These coins were primarily minted to be used as collectibles and not currency. The composition of gold in it is 90% when compared to the recent quarter which is 99.9%. However, this coin became less popular and faded out during the Great Depression in the 19th century. This makes it a rare commodity in today’s collectible market. Other quarters apart from these were also still available before 2016. However, their worth cannot be compared to the Standing Liberty Centennial Gold coins. If you want to know about these other coins, you can visit: https://www.usmint.gov/
The Standing Liberty Centennial Gold quarter produced in 2016 marked the introduction of pure gold quarters into the market. This remains one of the foremost examples of precious metals quarters apart from its silver counterpart.
Like other collectibles, quarters have a face value and intrinsic value. The face value of different quarters differs from each other. Some may have high face value and low intrinsic value and vice versa. For example, the quarter-eagle coins have a face value of 2.50 dollars. The Standing Liberty Centennial Gold coins has a face value of 25 cents which is far higher than its actual worth. It worth is a quarter of the price of 1 ounce of a bar of gold.
Features of Gold Quarters
The real gold quarter is the Standing Liberty Centennial Gold coins. The following are some of its features:
- It is made up of 99.99% pure 24 karat gold
- It has a face value of 25 cents
- It weighs 0.25 Troy ounces
- It has the inscription of “W” at the reverse side. The “W” symbolizes West point, the place of production.
- It also has “AU 24 ¼ OE” written on it.
A total number of about 91, 752 Standing Liberty Centennial Gold quarters are in circulation. If you have just one, its worth is more than hundreds of dollars.
Helpful Tips for Knowing the Worth of Gold Quarters
Here are some helpful tips:
- Do your research well before buying or selling your coin. Prices are determined by market forces. So, to make profit, you must know the time to buy and when to sell.
- Always note that quarters are of different types. Some have more value than others because of their precious metal composition. Make sure you consider its composition.
- Seek the opinion of coin experts to help you know the weight and appropriate price for each coin.
- Always check for the originality of any quarter before you buy.
These are some helpful tips in order to know the real worth of your gold quarter. If you need more helpful tips, you can check here.
We have discussed how to know the worth of gold quarters and the right price for it in this article. We have also emphasized that beyond prices, there are other intricate factors you need to look out for. So, it is important that you are able to tell the difference between a gold-plated quarter and a gold quarter. You can inspect the features of the coin to know if it is original not. Also, do not forget the tips we shared above. They will help you make the right decisions and choices when picking valuable coins.
Investing in precious metals is a profitable venture if you know how it works. Whether you invest in it in the form of bullions, bars, Individual Retirement Account, or Mutual funds, you will always a reward. Add to your collection of collectibles by getting valuable coins. You are sure to get more value.