The US Mint began producing Washington quarters in 1932, and for many years, these coins contained 90% silver. Quarters minted during World War II, including those from 1945, are particularly valuable due to their precious metal content.
You don’t need to be an avid collector to appreciate the value of these coins. Their high silver content makes early quarters a smart investment for the future.
Value Chart for 1945 Quarter
| Condition | 1945 No Mint Mark Quarter | 1945 D Quarter | 1945 S Quarter |
|---|---|---|---|
| Good | $9.44 | $9.44 | $9.44 |
| Very good | $9.44 | $9.44 | $9.44 |
| Fine | $9.44 | $9.44 | $9.44 |
| Very fine | $9.44 | $9.44 | $9.44 |
| Extra fine | $9.44 | $9.44 | $9.44 |
| AU | $10.84 | $14 | $10.84 |
| MS 60 | $12 | $16 | $12 |
| MS 65 | $41 | $48 | $41 |
Historical Significance of the 1945 Quarter
The first silver American quarters were introduced in 1796 and continued until 1964, when the US Mint switched to cupronickel coins due to rising precious metal prices.
The Washington quarter was first minted in 1932 to commemorate the 200th birthday of George Washington, the first President of the United States. Interestingly, there was no production of these coins in the following year, but minting resumed in 1934 and has continued ever since.
The 1945 silver Washington quarters were minted in a pivotal year when World War II came to an end. As American troops returned home, the economy needed to adjust to peacetime conditions, which contributed to a slightly lower mintage compared to the previous year.
Significant price variations can be observed even among quarters of the same grade. These variations are influenced by several factors, including the coin’s quality, rarity, and minting location. Additionally, the venue where the coin is sold plays a crucial role.
For example, auction prices often exceed estimated values and the amounts fetched on platforms like eBay or pawn shops. In such settings, the coin’s value is partly driven by competition and the desire to win the auction.
1945 Washington Quarter Types
| Location | Year | Minted |
|---|---|---|
| Philadelphia | 1945 no mint mark quarter | 74,372,000 |
| San Francisco | 1945 S quarter | 17,004,001 |
| Denver | 1945 D quarter | 12,341,600 |
| Total | – | 103,717,601 |
Design of the 1945 Washington Quarter
The Washington quarters, introduced in 1932, replaced the Standing Liberty quarters. Notably, no quarters were minted in 1930 and 1933. All quarters produced up to 1965, including those from 1945, were composed of 90% silver.
Obverse Design of 1945 Quarter
To honor George Washington, officials decided to feature his profile on the obverse of the quarter, replacing the Standing Liberty design. This decision was made despite Washington’s known aversion to such practices, which were common in British coinage.
John Flanagan, the designer, meticulously depicted Washington’s left profile, paying close attention to details like his distinctive hairstyle and ponytail tied with a bow. This image was based on Flanagan’s own sculpture, with some modifications, particularly to the hairstyle. The obverse also includes several inscriptions mandated by federal law:
- IN GOD WE TRUST: This phrase is inscribed in two lines to the left of Washington’s throat.
- LIBERTY: This word, symbolizing the American nation’s aspirations, has been a staple on all metal coinage since the Coinage Act of 1792.
- 1945: The minting date is typically placed along the bottom rim of the coin.
- JF: Flanagan’s initials are incorporated into the neck truncation, following the tradition of honoring the designer.
Reverse Design of 1945 Quarter
The reverse of the coin, designed by Flanagan, is more intricate. It features a bald eagle, a longstanding symbol of American freedom, courage, strength, and immortality. The eagle is depicted with wings spread, standing on a bundle of arrows, symbolizing the nation’s power and readiness for war. Balancing this imagery are two olive branches, representing peace.
The reverse also includes several inscriptions:
- UNITED STATES OF AMERICA: This indicates the country of origin.
- E PLURIBUS UNUM: This Latin phrase, meaning “Out of many, one,” symbolizes the unity of the states.
- QUARTER DOLLAR: This denotes the coin’s value of 25 cents.
- Mint Mark (S or D): Quarters minted in Philadelphia in 1945 did not have a mint mark, while those from other mints featured a small letter under the olive branches.
Technical Specifications of 1945 Quarter
| Face value | 25 cents ($0.25) |
| Coin Thickness | 1.75 mm (0,06870 inches) |
| Coin Diameter | 24.3 mm (0,95669 inches) |
| Coin Weight | 6.25 g (0,2204 ounces) |
| Compound | 0.900 Silver with added copper |
| Silver Weight | 5.623 g (0.1808 troy ounces) |
| Edge | Reeded |
| Shape | Round |
Grading Guide for 1945 Washington Quarter
| Sheldon Scale | Grade |
|---|---|
| 1 | Basal State-1 |
| 2 | Fair |
| 3 | Very Fair |
| 4, 5, 6 | Good |
| 7, 8, 10 | Very Good |
| 12, 15 | Fine |
| 20, 30 | Very Fine |
| 40 | Extremely Fine |
| 50 | About Uncirculated |
| 60 | Mint State |
| 65 | Mint State |
| 70 | Mint State |
The grading system is essential for experts and collectors to determine the true value of each coin based on its condition. Coins generally fall into two categories: circulated and uncirculated.
Circulated coins that have been in use can be non-collectible if they are too worn out. However, collectible pieces are those graded as GOOD or better. The most prized specimens are those in mint state, which are nearly perfectly preserved.
To accurately assess your 1945 quarter value, refer to our grading guides. This step is crucial for determining the exact worth of your coin.
1945 Quarter Value Guides
In 1945, the US Mint produced a total of 103,717,601 Washington quarters. About two-thirds of these were minted in Philadelphia, with the remainder produced at other mints. It’s important to note that no proof coins were minted from 1942 to 1950, so all 1945 quarters were regular strikes.
1945 No Mint Mark Quarter Value
With a substantial mintage of 74,372,000 coins, the 1945 No Mint Mark quarters are relatively accessible for collectors.
- Circulated Condition: These quarters typically range from $12 to $41.
- Mint State: Prices vary from $7 to $480, depending on the grade.
The highest estimated value for an MS 68-graded quarter is $11,750, though some coins have fetched even higher prices at auction. For example, one such coin sold for $16,450 in 2015, setting an auction record.
1945 D Quarter Value
The Denver Mint produced the fewest 1945 Washington quarters, with only 12,341,600 coins minted. Their value varies based on condition:
- Circulated Condition: Worth between $5 and $8.
- Mint State:
- MS 60: $19
- MS 61: $20
- MS 62: $22
- MS 63: $26
- MS 64: $30
- MS 65: $45
- MS 66: $70
- MS 67: $425
Exceptionally rare MS 68-rated quarters can be valued between $14,000 and $16,000. One such coin with the D mint mark sold for $20,400 in 2021, making it the most expensive in the set.
1945 S Quarter Value
The San Francisco Mint produced 17,004,001 quarters in 1945. Their value also depends on condition:
- Circulated Condition: Valued between $4.80 and $8.40.
- Mint State:
- MS 60 to MS 66: $10 to $88
- MS 67: Significantly more valuable, around $700
The highest estimated value for an MS 68-graded quarter is between $6,000 and $7,200. In 2020, an MS 67-graded quarter from this mint achieved an auction record of $7,200, making it the most valuable specimen from this mint.
Rare 1945 Washington Quarter Error List
Errors can add significant value to collectible coins, making them highly sought after by collectors. While 1945 quarters may not always yield substantial profits, the thrill of the hunt can be rewarding.
1945 Quarter Doubled Die Error
The doubled die error is one of the most common errors found in 1945 quarters. These coins feature a pronounced and detailed double image, making them highly desirable among collectors.
For example, an MS 65-rated 1945 DDO Washington quarter sold for $552 at an auction in 2018. Similarly, MS 66-graded pieces from San Francisco sold for $840 and $870 the same year.
1945 Off-center Quarter Error
The 1945 quarter series includes coins with varying degrees of off-center errors. The value of these coins depends on the extent of the off-center strike.
A coin with a 30% off-center error might be worth around $30, while those with a higher percentage and a visible date can fetch up to $200 at auctions or online.
1945 Quarter Struck on a Clipped Planchet Error
Occasionally, 1945 quarters were struck on damaged planchets, resulting in various shapes such as curved, straight, bowtied, or irregular. While the mint typically reuses these pieces after melting, some enter circulation, delighting collectors who appreciate these unique deformations. These coins are generally valued at around $40.
1945 Broad Struck Quarter Error
When the collar used to shape the coin breaks or becomes loose, it can result in a thinner quarter with a larger diameter. These broad struck errors are rare and can be quite valuable. For instance, one such quarter with weak details in the date sold for $253 at an auction.
Where to Sell Your 1945 Washington Quarter?
Knowing the value of your coins is just the first step. To sell them online easily, check out our compiled list of the best places to sell coins, including introductions, pros, and cons.
What are the 1945 Washington Quarter auction records?
- The 1945 D Washington quarter in MS 68 grade sold for $20,400 at an auction in 2021.
- The 1945 Washington quarter in MS 68 grade sold for $16,450 at an auction in 2015.
- The 1945 S Washington quarter in MS 67 grade sold for $7,200 at an auction in 2020.
- The 1945 S Washington quarter in MS 66 grade with DDO error sold for $870 at an auction in 2018.
- The 1945 S Washington quarter in MS 66 grade with DDO error sold for $840 at an auction in 2018.
- The 1945 Washington quarter in MS 65 grade with DDO error sold for $552 at an auction in 2018.
What to look for in a 1945 Washington Quarter?
When evaluating a 1945 Washington quarter, several key factors can significantly impact its value and desirability. Whether you’re a seasoned collector or just starting, understanding these aspects will help you make informed decisions and potentially uncover valuable finds.
1. Mint Marks
One of the first things to check is the mint mark, which indicates where the coin was produced. In 1945, quarters were minted in Philadelphia (no mint mark), Denver (D), and San Francisco (S). Coins from Denver and San Francisco are generally rarer and can be more valuable, especially in higher grades.
2. Condition and Grading
The condition of the coin is crucial. Coins are graded on a scale from 1 to 70, with higher numbers indicating better preservation. Look for coins with minimal wear, clear details, and no significant damage. Uncirculated coins (mint state) are particularly prized. Refer to professional grading guides to accurately assess the condition of your coin.
3. Silver Content
All 1945 Washington quarters contain 90% silver, which adds intrinsic value. The silver content alone makes these coins worth more than their face value, especially given current silver prices. Ensure the coin hasn’t been altered or damaged in a way that affects its silver content.
4. Errors and Varieties
Error coins can be particularly valuable. Common errors to look for in 1945 quarters include off-center strikes, doubled dies, clipped planchets, and broad strikes. These errors can significantly increase a coin’s value, especially if they are pronounced and well-preserved.
6. Market Demand
Finally, consider the current market demand. Coins that are in high demand among collectors can fetch higher prices. Keep an eye on auction results and market trends to gauge the popularity and value of 1945 quarters.
By paying attention to these factors, you can better understand the value of your 1945 Washington quarter and make more informed decisions when buying or selling.
FAQs on 1945 Quarter Value
What makes the 1945 Washington quarters unique?
While most 1945 quarters are common, a few high-quality and beautiful coins can be quite valuable. The highest-graded coins from Denver are particularly rare.
How much is each Washington quarter minted in Philadelphia in 1945 worth?
The No Mint Mark quarters from 1945 are worth approximately $5 to $8.50, but uncirculated specimens can reach up to $480. An MS 68-rated coin can be valued between $7,000 and $8,400.
What is the most expensive Washington quarter?
The most expensive quarter ever sold at auction is the 1932 D MS 66 silver coin Type 1, which fetched $143,750 at Bowers & Merena in 2008. The priciest silver quarter (proof) Type 1 sold for $31,200 at Heritage Auctions in 2022 was the 1950 PR 68 coin. For clad quarters Type 2, the most valuable is the 1966 MS 68+ coin, which sold for $21,000 in 2023. The costliest proof coin with similar features is the 1974 S PR 70 quarter, sold for $10,925 in 2009.
Final Thoughts
The 1945 Washington quarter is a fascinating piece of American numismatic history, offering both historical significance and investment potential. Whether you’re a seasoned collector or a newcomer, understanding the value and unique features of these quarters can enhance your appreciation and guide your collecting journey.
From common circulated coins to rare mint state specimens and intriguing error coins, the 1945 quarter holds a special place in the hearts of collectors. As you explore the market, remember that the thrill of the hunt and the stories behind each coin are just as valuable as the coins themselves.