It's current value is about $100
You don't have a pure silver quarter as the US has never minted a pure silver (99.9% pure or higher) silver quarter. Instead what you have is a 90% silver quarter which would be dated 1964 or prior. The value depends on a number of factors including the date, the mintmark and the condition. But a silver quarter is worth $5-6 in scrap silver regardless of type or condition, however some quarters can be worth significantly more.
There were two kinds of quarters minted in 1916. The common Barber Quarter or the ultra-rare Standing Liberty Quarter.Barber Quarter:Roughly between $5.50 and $310 depending on what condition it is in. This would be a Walking Liberty Quarter and it was only minted in Philadelphia and Denver during this year. The value is pretty much the same regardless of where it was minted.Standing Liberty Quarter:Worth about $3000 in good condition and $20,000+ in uncirculated condition. They only made 52,000 standing liberty quarters during that year.View the source links below to view pricing information based on coin condition, mintage statistics and more information about each of these 1916 quarters.
The value of silver varies, as it is a commodity. Depending on the condition and the mint, you may have values above the value of the silver inside of it. Quarters weigh 6.25 grams and are 90% silver by composition. At the time of this writing, a silver quarter for melt value would be worth about two US dollars.
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