The value of a 1934 Washington quarter struck in silver hinges totally on two elements: its intrinsic metallic content material and its situation. On condition that these cash have been composed of 90% silver, a base valuation is derived from the present market value of silver bullion. Nonetheless, this intrinsic worth is commonly surpassed by collector demand, particularly for items in superior situation. The coin’s grade, starting from “Poor” to “Uncirculated,” considerably impacts its total price, with pristine examples fetching appreciable premiums.
This specific challenge holds significance not just for its treasured metallic make-up but in addition for its historic context inside the Washington quarter collection. Mintmarks, indicating the particular mint the place the coin was produced (Philadelphia, Denver, or San Francisco), play a vital function in figuring out its desirability. Rarity, based mostly on mintage figures and survival charges throughout totally different grades, provides one other layer of complexity to the pricing construction. The general desirability stems from its inherent silver content material, historic relevance, and collector curiosity tied to shortage and situation.