The 1960 Washington Quarter stands out as a distinguished artifact in the landscape of American numismatics. Minted during an era when silver still played a crucial role in coinage, this quarter reflects the elegance and precision of early 1960s U.S. minting. Although produced in sizable quantities, the rarity of pristine, high-grade examples elevates its value and appeal for both collectors and investors.
This comprehensive guide explores the historical background, mintage details, auction highlights, market performance, and artistic aspects of the 1960 Washington Quarter-unpacking what makes some examples exceptionally valuable.
Historical Significance and Silver Composition
The Washington Quarter was introduced in 1932 to commemorate the 200th birthday of George Washington and quickly became a fixture in American currency. By 1960, it was well-integrated into daily commerce and continued to be minted in a composition of 90% silver and 10% copper-granting each coin intrinsic worth that far exceeded its face value. At the time, silver was valued around $1.29 per ounce, adding to the quarter’s appeal not only as currency but also as a form of bullion.
1960 represents the final years before the Coinage Act of 1965, which would eliminate silver from U.S. dimes and quarters. This transition turned all pre-1965 silver coinage into collectibles, boosting their value and making them increasingly sought after by collectors and silver investors alike.
Mintage Figures and Production Overview
Key Mint Production Data
- Philadelphia (No Mint Mark): 29,164,000 coins
- Denver (“D” Mint Mark): No quarters struck in 1960
All regular strike 1960 Washington Quarters were produced by the Philadelphia Mint, resulting in a production run nearing 30 million coins. While this figure might suggest commonality, decades of circulation have left few examples in unblemished, high-grade condition.
Proof Coinage Note
Although no proof sets were officially issued in 1960, the 1959 proof sets remain highly desirable among collectors for showcasing the same iconic Washington Quarter design in pristine quality.
Auction Records and Market Insights
While circulated 1960 quarters are readily available and typically valued at or near their silver content, uncirculated and gem-quality specimens have fetched impressive premiums at auction. Here are two standout sales that illustrate their potential:
Top Auction Results
- 1960 MS68 PCGS
Description: The sole PCGS-graded MS68 1960 quarter, this coin features flawless surfaces and subtle rainbow toning, making it an unrivaled specimen.
Price Realized: $6,890 (Heritage Auctions, April 2021) - 1960 MS67+ NGC
Description: Graded MS67+ by NGC, this coin exhibits radiant luster and exceptional detail, complemented by golden edge toning.
Price Realized: $3,450 (Stack’s Bowers, June 2022)
Market demand continues to rise for coins graded MS66 and above. As silver prices fluctuate, lower-grade examples tend to align with melt values, whereas higher-grade pieces consistently command strong collector premiums.
Rarity by Grade and Population Reports
Leading grading services such as PCGS and NGC underscore the extreme scarcity of ultra-high-grade 1960 quarters, even within a high mintage year.
PCGS Population Report
- MS67: 78 coins
- MS67+: 12 coins
- MS68: Only 1 coin known
NGC Population Report
- MS67: 112 coins
- MS67+: 10 coins
- MS68: No certified examples
These reports emphasize how elusive truly top-tier coins are. For serious collectors and long-term investors, focusing on MS66 or higher is a strategic move.
Collector Appeal and Investment Value
The 1960 Washington Quarter attracts a wide array of collectors-those building type sets, date runs, or silver holdings. However, the greatest intrigue lies in premium examples that combine aesthetic appeal, rarity, and historical context.
Investment-wise, coins graded MS67 and higher offer strong appreciation potential. Features such as cameo contrast, mirror-like fields, or vibrant toning can significantly boost desirability and resale value. The singular MS68 quarter certified by PCGS is especially noteworthy and likely to remain a standout asset in the numismatic world.
Design Overview
Obverse Design
Sculpted by John Flanagan, the obverse features a stately profile of George Washington based on the acclaimed bust by Jean-Antoine Houdon. Surrounding inscriptions include “LIBERTY,” “IN GOD WE TRUST,” and the year “1960.”
Reverse Design
The reverse displays a heraldic eagle clutching arrows and olive branches beneath a flowing banner reading “E PLURIBUS UNUM.” The outer text reads “UNITED STATES OF AMERICA” and “QUARTER DOLLAR.”
Edge
A reeded edge enhances both the coin’s security and its visual appeal.
About the Designer: John Flanagan
John Flanagan’s design has endured with minimal changes since its debut in 1932. His interpretation of Washington presents a balance of neoclassical artistry and patriotic symbolism, cementing the quarter’s role as a timeless icon in American currency.
Specifications at a Glance
| 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 | George Washington Portrait |
| Reverse | Heraldic Eagle |
| Mint Marks | None (Philadelphia Only) |
Conclusion
The 1960 Washington Quarter offers a compelling mix of historical value, artistic integrity, and numismatic potential. While circulated examples are readily found, the true allure lies in high-grade, certified coins. By focusing on specimens with superior grading and eye appeal, collectors and investors alike can tap into the enduring value of this classic American coin.
