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Obverse of 1940 Washington Quarter

Obverse

Reverse of 1940 Washington Quarter

Reverse

1940 Washington Quarter

$7.5 – $390

The 1940 Washington Quarter was minted at the Philadelphia Mint with a mintage of 35,704,000. Values range from $7.5 in lower grades to $390 in top condition. The coin contains 90% silver with a melt value of $5.52.

1940 | Philadelphia (no mint mark) | Mintage: 35,704,000

Melt Value (90% silver)

$5.52

Based on $30.50/oz silver

as of Aug 1, 2026

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Market Activity

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $930 High: $18,000 Low: $2 21 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)
$13
Very Good (VG-8)
$10
Fine (F-12)
$15
Very Fine (VF-20)
$11
Extremely Fine (EF-40)
$17
About Uncirculated (AU-50)
$14
Mint State (MS-60)
$30
Choice (MS-63)
$47
Near Gem (MS-64)
$80
Gem (MS-65) Best Value
$86
Superb Gem (MS-66)
$150
Superb Gem+ (MS-67)
$420
Ultra Gem (MS-68)
$18,000
Under $100 $100 - $1,000 Over $1,000

Coin Specifications

Year
1940
Mint
Philadelphia (no mint mark)
Mintage
35,704,000
Composition
90% Silver, 10% Copper
Weight
6.25g
Diameter
24.3mm
Edge
Reeded
Designer
John Flanagan
Series
Washington Quarter (1932-1964)
PCGS #
5809

About the Washington Quarter (Silver)

Congress authorized the Washington Quarter in 1932 to commemorate the 200th anniversary of George Washington's birth. The Treasury originally planned a temporary commemorative, but the design proved popular and replaced the Standing Liberty Quarter permanently. Sculptor John Flanagan won a competition to design the coin, beating out 99 other entries. His design features a profile of Washington on the obverse and a heraldic eagle on the reverse. The series contains 90% silver until 1964. In 1965, the Mint switched to a copper-nickel clad composition due to rising silver prices. The 1932-1964 silver run includes two major key dates: the 1932-D and 1932-S. These coins have mintages of only 436,800 and 408,000 respectively, making them the most valuable pieces in the set.

Collecting Washington Quarter (Silver) Coins

Start your collection with common dates from the 1940s and 1950s, which you can find in almost any local coin shop for near their silver melt value. Focus on finding coins with full, sharp details on the eagle's breast feathers, as these areas wear down quickly in circulation. Avoid coins with heavy scratches or cleanings, as these damage the value significantly. Watch for the 1932-D and 1932-S, as their high value makes them targets for counterfeiters adding fake mint marks to common 1932 Philadelphia issues.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1940 Washington Quarter worth? +
A 1940 Washington Quarter is worth between $7.5 and $390 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1940 Washington Quarter coins were made? +
The Philadelphia Mint produced 35,704,000 1940 Washington Quarter coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1940 Washington Quarter a key date? +
The 1940 Washington Quarter is not considered a key date or semi-key date. However, condition is always important. A common-date coin in exceptional condition can still be quite valuable.
What is the melt value of a 1940 Washington Quarter? +
The 1940 Washington Quarter contains 90% silver and has a melt value of approximately $5.52 based on current spot prices ($30.50/oz silver). Most collectible coins are worth significantly more than their melt value due to numismatic demand.
How much is a 1940 Washington Quarter worth? +
In circulated condition, a 1940 Washington Quarter is worth its silver melt value, which is roughly $4 to $5. Uncirculated specimens can sell for $15 to $50 depending on the specific grade assigned by a grading service.
Is the 1940 Washington Quarter rare? +
The 1940 Washington Quarter is not rare. With over 35 million produced, it remains one of the most common dates from the early years of the series.

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