Introduction
In 1970, the United States Mint produced quarters without a mint mark, leading to confusion and speculation among coin collectors. Today, these coins are highly sought after and can fetch a premium price. In this article, we will take a closer look at the history and value of the 1970 quarter with no mint mark.
Background
The United States Mint typically marks each coin it produces with a mint mark to indicate where it was made. However, in 1970, the mint decided to strike quarters without a mint mark due to a shortage of coin blanks. This decision was not widely publicized, and many collectors were unaware of the change.
Identification
The easiest way to identify a 1970 quarter with no mint mark is to look at the date. If the coin has a 1970 date and no mint mark, it is likely a valuable error coin. It is important to note that quarters from the Philadelphia Mint also do not have a mint mark, but these coins have a “P” symbol on the obverse side.
Value
The value of a 1970 quarter with no mint mark depends on its condition and rarity. Coins in uncirculated condition can fetch upwards of $500, while circulated coins may still be worth around $25 to $50. It is important to have the coin authenticated by a professional before selling or buying to ensure its authenticity and value.
Collecting Tips
If you are interested in collecting 1970 quarters with no mint mark, there are a few tips to keep in mind. First, be wary of counterfeits or altered coins. Second, look for coins in uncirculated condition, as these will likely have the highest value. Finally, consider purchasing a book or guide to help identify and value your coins.
Conclusion
The 1970 quarter with no mint mark is a fascinating piece of United States coinage history. Although it was originally produced by mistake, its rarity and value make it a highly sought-after coin for collectors. Whether you are a seasoned collector or just starting out, a 1970 quarter with no mint mark is a valuable addition to any collection.