The 1984-P Clad Type 2 Washington Quarter stands out as a noteworthy coin in the world of numismatics.
While the standard 1984-P quarters are abundant and typically valued at face value, certain high-grade specimens have commanded impressive prices at auctions.
For instance, a 1984-P Washington Quarter graded MS67 was sold for $1,293 on February 4, 2016.
Understanding the 1984-P Clad Type 2 Washington Quarter
The Washington Quarter, introduced in 1932, has undergone several design and composition changes over the years.
In 1965, the U.S. Mint transitioned from 90% silver to a copper-nickel clad composition for its circulating coins, including the quarter. This change was implemented to address the rising costs of silver.
The 1984-P Clad Type 2 Washington Quarter was minted at the Philadelphia Mint, as indicated by the “P” mint mark. It features the standard design of George Washington’s portrait on the obverse and an eagle on the reverse.
The coin’s composition consists of a copper core clad with 75% copper and 25% nickel, resulting in a total weight of 5.67 grams and a diameter of 24.30 millimeters.
Factors Influencing the Value of the 1984-P Clad Type 2 Washington Quarter
Several factors contribute to the value of the 1984-P Clad Type 2 Washington Quarter:
- Condition and Grading: Coins are graded based on their preservation, with higher grades commanding higher prices. A coin graded MS67, indicating minimal wear and excellent preservation, can be significantly more valuable than one in lower grades.
- Rarity: While the 1984-P quarter had a mintage of over 675 million, high-grade examples are rare due to circulation wear. Coins in MS67 or higher are considered scarce.
- Market Demand: The numismatic market is dynamic, with demand for certain coins fluctuating over time. Collectors seeking to complete specific sets or those interested in high-grade modern coins can drive up prices.
Identifying High-Grade 1984-P Clad Type 2 Washington Quarters
To identify a high-grade 1984-P Clad Type 2 Washington Quarter:
- Examine the Obverse: Look for sharp details in Washington’s hair, cheek, and neck areas. The absence of wear in these areas is indicative of a higher grade.
- Inspect the Reverse: The eagle’s feathers, wings, and talons should be well-defined without signs of wear.
- Check for Luster: A coin with original mint luster, appearing frosty or satiny, is preferable.
- Assess the Rim: A well-formed, undamaged rim suggests minimal handling.
Preserving the Value of Your 1984-P Clad Type 2 Washington Quarter
To maintain or enhance the value of your coin:
- Proper Storage: Use acid-free holders or capsules to protect the coin from environmental damage.
- Avoid Cleaning: Cleaning can scratch and diminish a coin’s value.
- Handle with Care: Use cotton gloves when handling to prevent oils and dirt from transferring.
Grading Scale for Coins
| Grade | Description |
|---|---|
| MS60 | Mint State, no wear, but may have contact marks |
| MS63 | Mint State, light wear, but no major defects |
| MS65 | Gem Mint State, excellent quality |
| MS67 | Superb Gem Mint State, exceptional quality |
In conclusion, while the 1984-P Clad Type 2 Washington Quarter is common in circulation, high-grade specimens are rare and can command impressive prices.
Collectors should focus on obtaining coins in excellent condition and be aware of the factors that influence their value.
FAQs
What is the significance of the “P” mint mark on the 1984-P Clad Type 2 Washington Quarter?
The “P” mint mark indicates that the coin was minted at the Philadelphia Mint.Why are high-grade 1984-P quarters valuable?High-grade 1984-P quarters are rare due to their large mintage and the wear they experienced in circulation.
How can I determine the grade of my 1984-P quarter?
Assess the coin’s condition by examining its details, luster, and rim. For precise grading, consider consulting a professional numismatist or using a reputable grading service.
Are there any common errors to look for in the 1984-P quarter?
Yes, some 1984-P quarters exhibit minting errors such as off-center strikes or filled mint marks, which can increase their value.