1940 Washington Quarter (Silver) Value
A 1940 Washington Quarter (Silver) is worth roughly $6.75 to $66.00 depending on its condition. Its intrinsic melt value stands at $6.60 based on spot prices from 2026-06-01 Certified examples in top grades can run far higher.
1940 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 1940 Washington Quarter (Silver) worth today?
A 1940 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.
1940 Washington Quarter (Silver) specifications
- Series
- Washington Quarter (Silver)
- Year
- 1940
- Mint mark
- None (Philadelphia)
- Mintage
- 35,704,000
- 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
Philadelphia struck the 1940 Washington Quarter (Silver), and Philadelphia coins of this period carry no mint mark at all. An empty space at the usual mint mark position (On the reverse, below the wreath between the olive branches (1932-1964)) confirms a Philadelphia strike, not a flaw.
The value drivers behind this coin
The generous mintage of 35,704,000 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.
The 90% silver composition gives a 1940 Washington Quarter (Silver) 0.1808 oz of precious metal ($6.60 at current spot). Bullion demand alone supports the bottom of its price range.
Few series carry the following that supports the 1940 Washington Quarter (Silver). Struck for the bicentennial of George Washington's birth, John Flanagan's quarter was meant as a one-year commemorative, but it replaced the Standing Liberty design permanently in 1932 and, in clad form, remains in pockets today. A coin that thousands of collectors are actively assembling into sets never lacks for a market.
Summary: the 1940 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.