A PCGS-graded 1987-P quarter in MS-67 condition sold for $690 on eBay in May 2018 โ yet the same coin pulled from a cash register is worth exactly 25 cents. The gap between pocket change and four-figure territory comes down to one thing: the condition your coin survived in after leaving the mint. This free guide covers every mint mark, error variety, and grade tier so you know exactly where your coin stands.
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Check My 1987 Quarter Value โSelect your mint mark, condition, and any errors to get an instant value estimate backed by real auction data.
If you're not yet sure about your coin's mint mark or condition, a 1987 Quarter Coin Value Checker free tool lets you upload a photo and get an AI-assisted read on all three factors before returning here.
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Use the Free Calculator โThe difference between a common $0.25 quarter and a $300โ$690 coin comes down to a single grade tier. Use this checklist to see whether your 1987 quarter might be gem quality.
Dull, flat surfaces with no original shine. Washington's hair above the ear is smooth and merged. Eagle feathers on the breast are flat. Numerous contact marks and scratches visible with the naked eye. Worth $0.25โ$0.85 regardless of mint mark.
Full, spinning cartwheel luster under a single light source. Washington's hair curls above the ear are sharply separated and distinct. Eagle feathers on the breast show clear individual detail. Only microscopic marks visible under 5ร magnification โ none on Washington's face, cheek, or jaw.
The table below covers all three mint marks and the most significant error categories across four condition tiers. For a detailed 1987 quarter identification walkthrough with full grading photos, see the complete in-depth 1987 Washington Quarter reference guide. Values reflect current market data sourced from PCGS CoinFacts, Heritage Auctions records, and recent eBay completed sales.
| Variety | Worn / Circ | About UNC | Uncirculated | Gem MS-66+ |
|---|---|---|---|---|
| 1987-P (Philadelphia) | $0.25 โ $0.85 | $0.60 โ $1.50 | $1 โ $20 | $25 โ $55 |
| 1987-P MS-67 (Condition Rarity) | โ | โ | โ | $300 โ $690 |
| 1987-D (Denver) | $0.25 โ $0.85 | $0.60 โ $1.50 | $1 โ $20 | $25 โ $55 |
| 1987-D MS-67 (Condition Rarity) | โ | โ | โ | $135 โ $676 |
| 1987-S Proof (San Francisco) | โ | โ | $2 โ $14 (PR-69) | $30 โ $80 (PR-70) |
| 1987-P DDO Error | $10 โ $50 | $50 โ $100 | $100 โ $300+ | $300+ |
| 1987-P Off-Center Strike | $20 โ $150 | $75 โ $250 | $150 โ $500+ | $500+ |
| 1987-P Clipped Planchet | $20 โ $75 | $50 โ $100 | $75 โ $200+ | $200+ |
๐ช CoinHix lets you photograph your 1987 quarter and instantly cross-reference its grade against verified auction comps without flipping through price guides โ a coin identifier and value app.
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The 1987 Washington Quarter lacks major named varieties in the Cherrypickers' Guide, but verified mint errors from this year can be worth far more than face value. From dramatic off-center strikes to subtle doubled-die obverses, these are the four most collectible error coins to search for in your pocket change and coin rolls.
The Doubled Die Obverse error occurred during the hub-to-die transfer process at the Philadelphia Mint. When the working die was hubbed, a slight angular misalignment between the hub and the die on a second impression caused design elements to be pressed into the die steel in two slightly offset positions.
The diagnostic result is a visible doubling โ commonly described as a "shadow" or "ghost" effect โ on the obverse lettering including "LIBERTY," "IN GOD WE TRUST," and sometimes the date digits themselves. Strong examples show clear, unambiguous separation between the primary design and its secondary impression, visible to the naked eye or under a 5ร loupe.
Because the 1987-P DDO is not formally catalogued in the Cherrypickers' Guide with a FS-number, market values vary significantly based on doubling strength. Lightly doubled examples in circulated grades attract modest premiums, while strongly doubled, high-grade specimens captured attention at auctions, with records showing $150โ$300 for MS-65 or higher examples. Any DDO merits a 10ร examination before dismissal.
An off-center strike occurs when a coin planchet shifts out of proper alignment within the collar before the dies descend to strike it. At the Philadelphia Mint in 1987, a small number of quarter blanks escaped the quality-control process and were struck with the obverse and reverse dies contacting the planchet off-axis.
The visual result is Washington's portrait displaced to one side of the coin, with a corresponding crescent of unstruck, flat metal on the opposite edge. Collectors measure off-center strikes as a percentage of the coin's diameter. A 10% shift produces a modest crescent; a 50%+ shift is dramatic, showing only part of the design while still (ideally) retaining the complete date โ the most critical diagnostic feature for valuation purposes.
Value scales steeply with the percentage of the off-center shift and whether the full date survives. A modest 10โ20% shift with full date starts around $20โ$40. Jumps to 50%+ off-center with a complete visible date push values to $150โ$500 or more. One exceptional example with 60%+ misalignment and a full date reportedly sold for over $800 at a specialty auction, per published error coin research, though this should be verified by a professional authenticator before relying on it for valuation.
Clipped planchet errors originate before the coin is ever struck โ they are defects in the metal blank itself. During the planchet preparation process, metal strips are fed through a blanking press that punches out circular discs. If the strip advances incorrectly and a subsequent punch overlaps a previously punched hole, the resulting blank has a curved section missing from its edge, producing a characteristic "clip" in the finished coin.
On a 1987-P clipped planchet quarter, this manifests as a smooth, curved bite taken out of the coin's rim, with the normal reeded edge absent at the clip location. A key authentication diagnostic is the Blakesley Effect: directly opposite the clip, the design strike will be notably weaker or flat โ a result of insufficient metal flow during striking. This effect confirms genuine mint origin versus post-mint damage.
Clipped planchets come in multiple subtypes โ curved clips (most common), straight clips (from the strip's edge), and multiple clips (highest value). Straight clips or double clips are rarer and more desirable. Small clips under 10% of the coin's diameter add $20โ$50 over face value. Larger, dramatic single clips push into the $75โ$200 range, and a confirmed double curved clip on a 1987-P was reportedly bid to approximately $175 at online auction per published error coin data.
The 1987-S proof quarters were struck at the San Francisco Mint using specially prepared, highly polished dies to create the characteristic mirror-like fields and frosted design elements that define proof coinage. Despite this extra care, proof dies are not immune to failure โ under the cumulative stress of repeated high-pressure strikes, even precision-polished dies can develop hairline fractures, called die cracks, or more severe failures called die breaks or cuds.
On a proof coin, die cracks appear as raised, irregular lines crossing the mirror-polished fields or through design elements. Because the reflective fields of a proof coin are so visually prominent, even a minor die crack stands out dramatically against the flawless background. More severe failures โ where a section of the die actually breaks away โ leave a large, blob-like raised area called a cud, typically at the coin's rim, and these are the most dramatic and valuable die-failure errors.
Proof die crack examples from 1987-S add modest premiums to the standard proof value for minor cracks, typically $10โ$30 above the base PR grade value. Dramatic die breaks or cud errors, depending on their size and visual impact, can push values to $75โ$200 or beyond. Because 1987-S proof quarters start with a base value of $2โ$14 in standard grades, the addition of a significant die error meaningfully increases both collector interest and realized prices at auction.
Found one of these errors on your coin? Run it through the calculator above to get a value estimate based on your specific mint mark and condition.
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The 1987 Washington Quarter was struck in staggering quantities across two mints, creating one of the most abundant modern quarter issues in U.S. coinage history. Understanding the mintage figures explains why circulated examples are worth face value โ and why pristine survivors are surprisingly valuable.
| Mint | Mint Mark | Type | Mintage | MS-67 Pop (PCGS) |
|---|---|---|---|---|
| Philadelphia | P | Business Strike | 582,499,481 | ~18 known |
| Denver | D | Business Strike | 655,594,696 | ~29 known |
| San Francisco | S | Proof (collector only) | 4,227,728 | N/A (proof) |
| Total Production | 1,242,321,905 | ~47 combined | ||
Composition specs: Outer layers โ 75% copper, 25% nickel bonded to a pure copper core. Diameter: 24.3 mm. Weight: 5.67 g. Edge: reeded. Designer: John Flanagan (1932 design). The 1987 quarter contains no silver โ it is clad coinage introduced in 1965. Melt value is approximately $0.07โ$0.08.
Survival context: Of the 46,000+ 1987-P quarters submitted to PCGS, fewer than 1% achieved MS-67. The Philadelphia Mint's production quality in the mid-1980s was notoriously poor โ coins were struck with insufficient pressure and bagged without care, creating widespread contact marks that prevented most from achieving gem status despite never circulating. This conditional rarity is the entire story behind the $300โ$690 MS-67 premiums.
What you see: Flat, dull surface with no shine. Washington's hair above the ear is completely merged and smooth. The eagle's breast feathers are indistinct. Lettering and date are legible but weak at the rims. The coin has clearly spent years in circulation.
Value: $0.25โ$0.85 for any 1987 P or D. Face value for all intents and purposes. These coins should not be professionally graded โ the submission cost exceeds any numismatic return.
What you see: Major design elements are clear and bold, but high points show wear โ especially Washington's cheek, jawline, and the eagle's breast. AU coins retain traces of original luster in protected recesses but show friction on the highest points of the design.
Value: $0.50โ$1.50 depending on grade tier. Still close to face value. A coin that appears AU with partial luster might be worth having a second look at, but submit to grading only if it appears truly uncirculated.
What you see: Full cartwheel luster across the entire coin. No wear anywhere โ the coin never circulated. However, contact marks (bag marks from mint handling) are visible, particularly on Washington's cheek and the open fields of the reverse. MS-63 has numerous marks; MS-65 has only scattered small marks.
Value: $1โ$20 for MS-63 through MS-65. The investment in professional grading makes sense here only if the coin appears exceptionally clean and might grade MS-66 or higher โ that's where values diverge sharply from the MS-65 range.
What you see: Blazing, complete cartwheel luster. Washington's hair curls are sharply defined and individually separated. The eagle's breast feathers are distinct. Zero marks on Washington's face or jaw. Only microscopic blemishes exist, visible solely under 5โ10ร magnification. Exceptional overall eye appeal.
Value: MS-66 commands $25โ$55; MS-67 commands $300โ$690. The jump from MS-66 to MS-67 is the most dramatic value cliff in modern clad coinage. Fewer than 50 PCGS/NGC-certified MS-67 examples are known across both mint marks. Submit immediately if your coin appears this clean.
Pro tip โ Strike quality vs. wear: Many 1987 quarters were struck with insufficient die pressure, creating mushy, soft details even on coins that never circulated. A weak strike looks like wear but isn't โ the key difference is luster. A weakly struck but uncirculated coin still has full cartwheel luster; a worn coin has none. Always check for luster before concluding a coin is circulated. Additionally, for gem-grade submissions, prioritize coins with full hair detail above Washington's ear โ that diagnostic feature separates MS-66 from MS-67 more than any other single factor.
๐ฑ CoinHix can help you match your quarter's surface against reference images of graded examples at every MS tier, giving you a quick condition baseline before submitting for professional evaluation โ a coin identifier and value app.
The right venue depends on your coin's grade tier. A circulated example has no numismatic premium to realize; a certified MS-67 deserves a professional platform. Here's where each grade tier finds the best buyers.
Best for: Certified MS-67 specimens and verified high-grade error coins.
Heritage Auctions is North America's largest numismatic auction house and the venue where the 1987-D MS-67 record of $676 was set in January 2015. Their established collector base and Registry Set competitors ensure that top-condition 1987 quarters find the deepest bidding pool. Submit through their free pre-consignment evaluation before sending any coin.
Fees: Buyer's premium applies; no reserve fees for standard consignments. Best for coins valued over $200.
Best for: Uncirculated (MS-63โ66), error coins, and proof sets.
eBay reached the top 1987-P auction record of $690 in 2018, proving it can generate competitive bids for rare examples. To understand realistic current expectations, review recent sold prices for 1987 Washington Quarters on completed eBay listings before setting your price. Use PCGS or NGC holders for any coin above MS-65 to attract serious bidders and prevent buyer disputes over grade.
Fees: ~12โ15% final value fee. Best for coins in the $5โ$300 range.
Best for: Circulated examples, quick sales, immediate cash.
Local dealers offer speed and certainty, but expect offers of 50โ70% of retail value for circulated 1987 quarters (which typically means face value or close to it). For error coins, dealers may pay a fair wholesale price โ but always get a second opinion from a second dealer or check eBay completed sales before accepting an offer. Bring your coin in a protective flip to avoid additional surface damage.
Fees: None โ but offers are wholesale by nature. Best for circulated coins or when you need fast cash.
Best for: Error coins and mid-grade uncirculated examples ($10โ$150 range).
The r/Coins4Sale and r/CoinSales communities on Reddit allow direct peer-to-peer sales with no platform fees. Sellers who post high-quality photos, accurate descriptions, and fair prices based on recent comps generally sell quickly. For 1987 quarters in MS-64 or MS-65 grade and error coins in the $20โ$100 range, this is an excellent fee-free alternative to eBay, provided you're comfortable with PayPal G&S transactions and basic buyer protection protocols.
Fees: None beyond payment processing. Best for error coins and mid-grade uncirculated pieces.
Most circulated 1987 quarters (P and D mint marks) are worth face value โ $0.25 to about $0.85. Uncirculated examples range from $1 to around $55 at MS-66 grade. The real premiums appear at MS-67, where PCGS-certified examples have sold for $300 to $690. The 1987-S proof strikes are worth $2 to $80 depending on grade and cameo designation.
Condition is the single biggest value driver for 1987 quarters. Because over 1.2 billion were minted and most circulated, pristine MS-67 examples are genuinely rare. PCGS has certified fewer than 40 examples at MS-67, and none grade higher. Error coins like doubled dies, off-center strikes, and clipped planchets also command strong premiums, sometimes reaching several hundred dollars depending on severity.
The record sale for a 1987 quarter is $690, achieved by a PCGS-graded MS-67 example from the Philadelphia Mint sold on eBay in May 2018. The Denver Mint record is $676, set by a Heritage Auctions sale in January 2015 for an MS-67 specimen. These prices reflect the extreme scarcity of flawless survivors from a year when over a billion quarters were struck.
The Philadelphia Mint struck 582,499,481 quarters in 1987, and the Denver Mint produced 655,594,696. The San Francisco Mint struck 4,227,728 proof coins for collector sets only โ these were never released into circulation. Combined business-strike production exceeded 1.2 billion coins, making 1987 quarters among the most common modern U.S. quarters in circulation today.
No. The 1987 Washington Quarter is a clad coin with outer layers of 75% copper and 25% nickel bonded to a pure copper core. The United States Mint stopped producing silver quarters for circulation after 1964. The melt value of a 1987 quarter is approximately $0.07โ$0.08, well below face value, so it holds no precious-metal premium.
Look on the obverse (front) of the coin just to the right of Washington's neck ribbon, near the lower right of the portrait. A small 'P' indicates the Philadelphia Mint; a small 'D' indicates the Denver Mint. If there is no letter, it is also Philadelphia โ but 1987 Philadelphia strikes do carry the 'P' mint mark, which was added to circulating Washington Quarters starting in 1980.
The most valuable 1987 quarter errors include: Doubled Die Obverse (DDO) on the Philadelphia strike, showing doubling on lettering and design elements; off-center strikes where Washington's portrait is shifted with a blank crescent visible; clipped planchet errors where a curved chunk is missing from the coin's rim; and proof die crack errors on the 1987-S, where raised lines appear across the mirror-like fields.
The 1987-S proof quarter is worth $2 to $14 in standard Deep Cameo grades (PR-60 through PR-69). A perfect PR-70 DCAM example has sold for around $31. The highest recorded auction result for a 1987-S is $236 for a PR-70 DCAM at Heritage Auctions. These coins were never released for circulation and were sold exclusively in collector proof sets by the U.S. Mint.
Professional grading by PCGS or NGC is worthwhile only for coins that appear uncirculated at MS-66 or MS-67 grade. The value difference between MS-66 ($25โ$55) and MS-67 ($300โ$690) can justify the $30โ$75 grading fee. For the 1987-S proof, certification makes sense at PR-69 DCAM or higher. Circulated coins are worth face value and should never be submitted for grading โ the cost exceeds any potential return.
Quality control at U.S. Mint facilities during the 1980s was notoriously poor. Coins were struck with weaker-than-ideal pressure, bagged in bulk, and shipped with minimal care, causing widespread contact marks and surface damage during handling. Of over 46,000 1987-P quarters submitted to PCGS, fewer than 1% achieved MS-67 grade. This extreme conditional rarity, despite abundant mintage, is what drives the exceptional premiums for gem survivors.
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