1938 Washington Quarter (Silver) Value
A 1938 Washington Quarter (Silver) is worth roughly $6.75 to $66.00 depending on its condition, with a hard melt-value floor of $6.60 as of 2026-06-01 Certified examples in top grades can run far higher.
1938 Washington Quarter (Silver) value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $6.60 |
| Good (G-4) | $6.75 to $8.90 |
| Very Good (VG-8) | $6.75 to $9.25 |
| Fine (F-12) | $6.75 to $9.75 |
| Very Fine (VF-20) | $7.20 to $10.50 |
| Extremely Fine (XF-40) | $8.15 to $12.00 |
| About Uncirculated (AU-50) | $9.80 to $14.50 |
| Mint State (MS-60) | $12.50 to $18.00 |
| Choice Unc (MS-63) | $17.00 to $25.00 |
| Gem Unc (MS-65) | $45.00 to $66.00 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
How much is a 1938 Washington Quarter (Silver) worth today?
A 1938 Washington Quarter (Silver) that spent decades in circulation is worth about $6.75 today. One that never circulated at all can bring up to $66.00. The honest answer for most inherited or pocket-found examples sits in the lower half of the table.
1938 Washington Quarter (Silver) specifications
- Series
- Washington Quarter (Silver)
- Year
- 1938
- Mint mark
- None (Philadelphia)
- Mintage
- 9,472,000
- Composition
- 90% silver, 10% copper
- Weight
- 6.25 g
- Diameter
- 24.3 mm
- Edge
- Reeded
- Designer
- John Flanagan
- Silver content
- 0.18084 troy oz
Mintage figure: US Mint reports (approximate).
Why this coin has no mint mark
The 1938 Washington Quarter (Silver) was struck at the Philadelphia Mint, which used no mint mark in this era. If you find no letter where branch-mint coins carry one (On the reverse, below the wreath between the olive branches (1932-1964)), you are holding a Philadelphia issue.
The value drivers behind this coin
A 1938 Washington Quarter (Silver) is real bullion as well as a collectible: 0.1808 troy ounces of fine silver, or about $6.60 of metal value in every example, regardless of condition.
The generous mintage of 9,472,000 keeps this date affordable. That availability is an asset for collectors: it is the textbook choice for owning the Washington Quarter (Silver) design without a key-date price tag.
Its very availability makes the silver Washington a favorite entry point: a date run from 1941 is achievable on a modest budget, while early Denver issues in true Mint State remain condition rarities. For the 1938 Washington Quarter (Silver), the enduring popularity of the series translates directly into buyers in every grade and every market cycle.
Summary: the 1938 Washington Quarter (Silver) is valued between $6.75 and $66.00 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.