The 1937 Washington Quarter Proof is a standout coin in the history of American numismatics, representing a time when the United States Mint was perfecting its proof coin program. As part of the Washington Quarter series, the 1937 Proof Quarter showcases exceptional craftsmanship and appeals to collectors for its beauty, historical significance, and relatively low mintage. This guide dives into the details that make the 1937 Proof Washington Quarter a must-have for numismatists.
Background on the Washington Quarter
The Washington Quarter was introduced in 1932 to honor the 200th anniversary of George Washington’s birth. Designed by John Flanagan, the coin features a portrait of Washington on the obverse and a bald eagle with outstretched wings clutching arrows and olive branches on the reverse. Initially issued as a circulating coin, the Washington Quarter became an enduring symbol of American history and remains a staple in U.S. coinage.
Design Details
The obverse of the 1937 Proof Washington Quarter features a detailed portrait of George Washington, facing left. The word “LIBERTY” is inscribed above his head, with “IN GOD WE TRUST” to the left and the date “1937” at the bottom. The reverse showcases a majestic eagle perched on a bundle of arrows, with two olive branches beneath. Surrounding the eagle are the inscriptions “UNITED STATES OF AMERICA” and “QUARTER DOLLAR,” with “E PLURIBUS UNUM” situated just above the eagle.
Proof coins from 1937 are notable for their sharp strikes and highly reflective surfaces, achieved through a meticulous polishing process. The coin’s frosty devices and deep mirrored fields create a stunning visual contrast, especially in higher-grade examples.
Mintage and Rarity
The 1937 Proof Washington Quarter had a mintage of just 5,542 coins, making it one of the scarcer proof issues in the Washington Quarter series. This low mintage was due to the limited demand for proof coins at the time, as collectors were still becoming accustomed to the newly reintroduced proof sets.
Surviving examples are highly prized, particularly those in pristine condition. Many 1937 Proof Quarters have developed beautiful natural toning over the years, adding to their uniqueness and desirability.
Grading and Value
The value of a 1937 Proof Washington Quarter depends largely on its grade and visual appeal. Coins graded PR65 (Proof 65) or higher are especially sought after, with flawless examples earning the coveted PR70 grade fetching a significant premium. As of today, a typical 1937 Proof Quarter in PR65 condition might sell for $500 to $1,000, while higher-grade coins can command prices well into the thousands.
Collectors should also be aware of any surface blemishes, scratches, or toning when assessing a coin’s value. Coins with deep cameo contrasts, where the frosted devices appear especially pronounced against mirrored fields, are even more valuable due to their rarity.
Investment Potential
The 1937 Proof Washington Quarter is an excellent addition to any collection, particularly for enthusiasts of 20th-century proof coinage. Its low mintage, historical significance, and aesthetic appeal make it a desirable coin with strong potential for appreciation. As more collectors seek out high-quality examples of classic proof coins, demand for the 1937 Proof Quarter is likely to remain strong.
Conclusion
The 1937 Washington Quarter Proof is a masterpiece of American numismatics, blending artistry, history, and rarity. Whether you’re a seasoned collector or new to the hobby, this coin offers a unique opportunity to own a piece of U.S. Mint history. Its striking design, limited mintage, and enduring popularity make it a worthy investment and a treasured addition to any collection.
FAQs
How many 1937 Proof Washington Quarters were minted?
The U.S. Mint produced only 5,542 Proof Washington Quarters in 1937, making it a rare and sought-after collectible.
What makes the 1937 Proof Washington Quarter valuable?
Its low mintage, sharp design details, mirror-like surfaces, and historical significance contribute to its high value among collectors.
How can I determine the value of my 1937 Proof Quarter?
The value depends on its condition, grade, and any unique features like cameo contrast or natural toning. Professional grading by NGC or PCGS is recommended for accurate valuation.