Coin collecting is something beyond a hobby. It is like taking a glimpse into history and art. The Bicentennial Quarter occupies an exalted place in the coin collector world. This coin was created in 1976 to commemorate America’s 200th Independence Day. Just like any other coin, this was valued at a quarter, that is, 25 cents, and had auctioned some of its rare types for millions of dollars. For instance, some coins broke the records at auction and reached astronomical prices of around $901,000. Let’s know the inside story of this coin.
Coin History: Bicentennial Quarter
Bicentennial Quarter, the coin that was issued in 1976, celebrated the bi-centennial outlawing of America with relation to the date of July 4, 1776; that day was linked to the day of America’s declaration of independence. Normal issues were made with an alloy of copper and nickel while some other coins were considered as 40% silver, which is the reason why their price tags hiked. One almost-perfect coin sold for somewhere around $901,000 at auction. Thus, it is not only collectible; it is the epitome of an American spirit through history.
Double Die Error: The Rarest Design Error
Coins with double die errors are a kind of coin that has double press designs which are really interesting to professional grade collectors. Just look for the date on the coin or the letters, “IN GOD WE TRUST.” Coins of this kind of errors are not very common in the field and most can sell for $25,000 and beyond.
Off Center Strike: Another Amazing Error Type
Coins that hold off-center strike error consist of coins that are placed incorrectly in a press and therefore appear incomplete or odd. The more glaring the error, the higher that coin sells for. Some of these coins can sell for up to $25,000 or more.
Silver Error: Weird Metal Composition
Some Bicentennial quarters have been pressed erroneously onto a 40 percent silver planchet which is normally found in collector sets only. These ‘silver composition error quarters’ are rare and can fetch up to $25,000 if in good quality.
Overstrike Error: One-of-a-kind Coins
Coins that have been struck in error by being pressed onto another previously pressed coin, or by a coin of another value, are called overstruck error coins. Such coins have a mixture of designs; thus, no two would be alike. Such coins are capable of reaching values of up to $25,000.
Proof Coin Error: Workmanship at its Best
Proof coins are specifically for collectors and take more work to manufacture, but, at times, they come out with design and metal errors. Such Proof Bicentennial quarter error coins could sell for above $25,000.
Conclusion
The differentially most of Bicentennial quarters is their similarity to each other. However, it is the rarest one and error that makes it a fine specimen in the collections of coins. Proof of this is the $901,000 silver quarter made with an off-edge strike and an overstrike design. It tells that even small errors can fetch high prices. One coin collector might be having a coin that is more valuable than all the rest of his coins put together and might even make others jealous.
FAQs
Q. Bicentennial Quarter means what?
Ans: Coin struck in the year 1976 to mark the 200th birth anniversary of the United States Independence from Britain.
Q. What is the reason for making the Bi-Centennial Quarter priced at $901,000?
Ans: Very few types of the very high prices that some types of Bicentennial Quarters sell for sometimes go up to eight hundred thousand dollars, such as one example which sold for an astounding $901,000.
Q. What are the rare properties that lend value to the Bicentennial Quarter?
Ans: Rare characteristics include errors, double die strikes, off-center strikes, silver composition errors, and overstrikes, which contribute to this value.