1953 S Washington Quarter Key Date Silver Low Mintage Rare 25 Cent US Coin#322
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1953 S Washington Quarter Key Date Silver Low Mintage Rare 25 Cent US Coin#322:
$12.00
About Washington Quarters
Silver strikings (1932–1964)
In early July 1932, newspapers announced that the Washington quarter was being struck and would be issued at the end of the month, once there were sufficient pieces for a nationwide distribution. They stressed that the new quarter was not a commemorative.[19][20]
The obverses of the Washington quarter, originally as described in the Flanagan\'s design section, and with the modifications discussed in the Production section.
The five Washington quarter obverses: as a silver coin, a clad one, the Bicentennial version, the version struck from 1999 to 2009, and the present version struck since 2010.The quarter was released into circulation on August 1, 1932. There was no great need for the coins in commerce;[21] despite that, it was announced that six million pieces would be struck in honor of the Washington bicentennial.[22] The coins were generally well received,[21] though the reverse prompted discussion as to whether a bald eagle was depicted, or some other sort of eagle. An eagle expert consulted by The New York Times concluded it was a bald eagle.[23]About 6.2 million quarters were struck in 1932, of which 5.4 million were coined at the Philadelphia mint. Production runs of just over 400,000 each occurred at the Denver and San Francisco mints; these are still the low mintages of the series. The small mintage of the 1932 Denver piece meant that few were available to be hoarded by coin dealers, leading to present-day scarcity in mint state or uncirculated condition; the mint marks on the 1932-D and 1932-S have been counterfeited. No quarters were struck at any mint in 1933, as there was an oversupply caused by the 1932 issue.[21][24]Unlike many earlier coins, the Washington quarter struck exceptionally well, bringing out its full details. This sharpness is possible because the designs of both sides were spread out, with no points of high relief.[16] Nevertheless, the Mint repeatedly adjusted the design. In the first three years of striking (1932, 1934 and 1935), three different varieties of the obverse are known. They are generally called after the appearance of \"IN GOD WE TRUST\", to the left of Washington\'s head: the Light Motto, Medium Motto, and Heavy Motto. The Heavy Motto apparently proved most satisfactory to the Mint, as beginning in 1936, only pieces bearing the Heavy Motto were struck. For unknown reasons, the original reverse hub was used only in 1932; a new hub was used when coining resumed in 1934. The original style had a high rim around the reverse design, protecting it from wear so well that 1932 quarters in lower grade generally are about equally worn on either side. In later years, with a lowered rim, circulated silver pieces tend to be more worn on the reverse.[25]The fine-tuning of the design continued through the end of silver production with pieces dated 1964. During that time, the obverse was modified six times. One revision, in 1944, left Flanagan\'s initials, on the cutoff of the bust, distorted; this was adjusted the following year. Beginning in 1937, and continuing until the end of silver circulation production with pieces dated 1964, a very slightly different reverse was used for proof coins, as opposed to circulation pieces. This is most evident in examining the letters \"es\" in \"States\" which almost touch on circulation strikes, and display a separation on proofs.[26]The piece was struck in numbers exceeding 100 million in some years through 1964. The San Francisco Mint ceased striking coins after 1955; it struck no quarters that year or in 1949.[27]Clad composition with Flanagan reverse (1965–1998)
For further information on the circulating commemorative quarters, half dollars and dollars struck in 1975–1976, see United States Bicentennial coinage.In 1964, there was a severe shortage of coins.[28] Silver prices were rising, and the public responded by hoarding not only the wildly popular new coin, the Kennedy half dollar, but the other denominations, including the non-silver cent and nickel.[29] Hopeful that issuing more 1964-dated coins would counter the speculation in them, the Treasury obtained Congressional authorization to continue striking 1964-dated coins into 1965.[30]The Mint\'s production of coins rapidly depleted the Treasury\'s stock of silver. Prices for the metal were rising to such an extent that, by early June 1965, a dollar in silver coin contained 93.3 cents\' worth of it at market prices. On June 3, 1965, President Lyndon Johnson announced plans to eliminate silver from the dime and quarter in favor of a clad composition, with layers of copper-nickel on each side of a layer of pure copper. The half dollar was changed from 90% silver to 40%.[31] Congress passed the Coinage Act of 1965 in July, under which the Mint transitioned from striking 1964-dated silver quarters to striking 1965-dated clad quarters.[32] Beginning on August 1, 1966, the Mint began to strike 1966-dated pieces, and thereafter it resumed the normal practice of striking the current year\'s date on each piece.[33]The new clad quarters were struck without mint mark in 1965–1967, regardless of the mint of origin. Beginning in 1968, mint marks were restored. The San Francisco Mint had reopened, but from 1968, it struck quarters only for collectors, for the most part proof coins.[34] The Mint adjusted both sides of the coin for the initiation of clad coinage, lowering the relief (the modified reverse design exists on some 1964-dated silver quarters). The obverse was slightly changed in 1974, with some details sharpened.[35] Mint marks on post-1965 pieces are found on the lower right of the obverse, to the right of Washington\'s neck.[36]
Jack L. Ahr\'s drummer design was struck for the United States Bicentennial.In January 1973, Representative Richard C. White introduced legislation for commemorative dollars and half dollars for the 1976 United States Bicentennial.[37] On June 6, Mint Director Mary Brooks testified before a congressional committee, and responding to concerns that only the two least-popular denominations would be changed, agreed to support the temporary redesign of the quarter as well.[38] On October 18, 1973, President Richard Nixon signed legislation mandating a temporary redesign of the three denominations for all coins issued after July 4, 1975 and struck before January 1, 1977. These pieces would bear the double date 1776–1976. In addition to circulation pieces, Congress mandated that 45 million Bicentennial coins be struck in 40% silver.[39] Fearful of creating low-mintage pieces which might be hoarded as the cent recently had been, thus creating a shortage of quarters, in December 1974 the Mint obtained congressional approval to continue striking 1974-dated quarters, half dollars and dollars until Bicentennial coinage began. Accordingly, there are no 1975-dated quarters.[40][41][42] Almost two billion Bicentennial quarters were struck,[43] as the Mint sought to assure that there would be plenty of souvenirs of the anniversary.[44] The Mint sold the silver sets, in both uncirculated and proof, for more than a decade before ending sales at the end of 1986.[45] Jack L. Ahr\'s colonial drummer, which had appeared on the Bicentennial quarter, was replaced after 1976 by Flanagan\'s original reverse.[34]Beginning in 1976, and continuing over the following twenty years, Mint engravers modified the design a number of times.[46] The Philadelphia Mint\'s mint mark \"P\" was used beginning in 1980. Coins dated 1982 and 1983, both from Philadelphia and Denver, command a large premium over face value when found in near-pristine condition.[47] Beginning in 1992, the Mint began selling silver proof sets, including a quarter struck in .900 silver; this has continued to the present day.[48] Although President George H.W. Bush signed authorizing legislation for these pieces in 1990, coinage did not begin until 1992 due to difficulty in obtaining sufficient coinage blanks in .900 silver.[49]From Wikipedia, the free Genuine
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1953 S Washington Quarter Key Date Silver Low Mintage Rare 25 Cent US Coin#322:
$12.00