What is the value of a 1940 US quarter?

Answer 1

1940 is not a rare date for Washington quarters. In lower grades most of the coin's value is due to the fact that it's made of a 90% silver alloy. The melt value is about 0.18 times the current price of silver.

If the coin is in better condition, look on the back of the coin to see if there's a small mint mark letter below the bow in the wreath. It may be blank or there may be a D or S. Numismedia lists the following approximate retail values as of 01/2013:

No mint mark (Philadelphia):

Slightly worn - $9.03

Almost no wear - $9.90

Uncirculated - $12.65 to $4380.00 depending on quality

"D" mint mark (Denver):

Slightly worn - $10.35

Almost no wear - $49.20

Uncirculated - $96.60 to $1110.00

"S" mint mark (San Francisco):

Slightly worn - $9.03

Almost no wear - $15.60

Uncirculated - $21.85 to $5000.00

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary due to market fluctuations. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.