If you’re interested in coin collecting, the 1958 Washington Quarter is a great piece to learn about. This coin, minted during a time of economic slowdown, has a unique history that makes it special for collectors. In this guide, we’ll break down why the 1958 Washington Quarter stands out, how it’s valued, and what to look for if you’re thinking about adding it to your collection.
The Economic Background of 1958
The 1958 Washington Quarter was struck during a period of economic recession in the U.S., often called the “Eisenhower Recession.” This downturn, which lasted only eight months, led to a major decrease in coin production. For example, the Philadelphia Mint produced only 6,360,000 quarters in 1958, a sharp drop compared to the 46,532,000 coins made in 1957.
This significant decrease in mintage makes the 1958 quarter the second-lowest produced Philadelphia Washington Quarter, adding to its appeal among collectors.
Key Facts About the 1958 Washington Quarter
To help you understand the essential details about the 1958 Washington Quarter, here’s a table summarizing its key features:
| Feature | Details |
|---|---|
| Year of Issue | 1958 |
| Mint Location | Philadelphia (No Mintmark) |
| Mintage | 6,360,000 |
| Composition | 90% Silver, 10% Copper |
| Weight | 6.3 grams |
| Diameter | 24.3 mm |
| Edge | Reeded |
| Designer (Obverse/Reverse) | John Flanagan |
| Original Price of Mint Set | $4.43 (equivalent to $45.50 today) |
Why the 1958 Quarter Is Special
Low Mintage
With just over 6 million quarters minted in 1958, the coin is one of the rarer Washington Quarters. This low mintage means that finding one in excellent condition is harder compared to other years, making it highly sought after by collectors.
Type B Reverse
In 1958, some of the quarters were struck with old proof dies, leading to what is called a Type B reverse. These coins have a proof-like appearance and are a special find for collectors.
High-Quality Mint Sets
Despite the recession, the U.S. Mint sold 50,314 mint sets in 1958, the highest number since 1947. These sets, which cost $4.43 each, often contained some of the best-preserved 1958 quarters. Due to the special packaging, many of these coins have attractive toning, adding to their collectible value today.
Market Value and Collecting Tips
The 1958 Washington Quarter’s value largely depends on its condition. Here’s a breakdown of how the coin is typically valued:
| Grade | Estimated Value |
|---|---|
| Circulated | Silver value (around $3.25) |
| MS64 (Uncirculated) | $25 to $30 |
| MS66 (Uncirculated) | $30 to $35 |
| MS67 (Uncirculated) | $300+ |
| MS68 (Uncirculated) | $1,500 to $4,443 (record price) |
As you can see, the value of the coin jumps significantly in higher grades. Collectors should look for uncirculated examples, especially those graded MS67 or higher. Some MS67 coins can sell for around $300 or more, while an MS68 can reach thousands of dollars.
Design of the 1958 Washington Quarter
Obverse (Front)
The front of the 1958 quarter features a portrait of George Washington, designed by John Flanagan. This design is based on a 1785 sculpture of Washington by French artist Jean-Antoine Houdon. The words “IN GOD WE TRUST” are placed below Washington’s chin, while “LIBERTY” arches above his head and the date “1958” is at the bottom.
Reverse (Back)
The reverse features an eagle with spread wings, clutching arrows and olive branches, symbolizing both strength and peace. The phrases “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” are written above the eagle, with “QUARTER DOLLAR” at the bottom.
Conclusion
The 1958 Washington Quarter is a fascinating coin with a rich history, making it a sought-after piece for collectors. Its low mintage, unique Type B reverse, and the high quality found in 1958 Mint Sets add to its appeal. Whether you’re a new or seasoned collector, the 1958 quarter offers a combination of rarity, beauty, and historical significance. As the population of high-grade coins continues to grow, prices may fluctuate, but the 1958 Washington Quarter will always hold a special place in the world of coin collecting.
FAQ’s
Why is the 1958 Washington Quarter considered rare?
The 1958 Washington Quarter is rare due to its low mintage of only 6,360,000 coins. This makes it the second-lowest mintage for a Philadelphia-minted Washington Quarter, increasing its value among collectors.
What is a Type B reverse on the 1958 Washington Quarter?
A Type B reverse is when the quarter was struck using old proof dies, giving the coin a proof-like appearance. These are rarer and more valuable to collectors.
How much is a 1958 Washington Quarter worth today?
The value depends on its condition. In circulated grades, it’s worth around $3.25 for its silver content. In higher uncirculated grades (MS64 and above), it can be worth anywhere from $25 to over $1,000, depending on the grade.