If you have found a 1965 quarter in your attic, then you have missed the jackpot by one year. Although an old quarter is quite a find and something that you should hold onto, the quarter you have found may cost more if it were minted before 1965.
1965 was the first year that the US Government decided to switch up the quarter formula and there is actually no silver in the formula for this year or any year after it.
So how much is a 1965 quarter worth?
It can be hard to tell sometimes. The actual value of the quarter really depends on its condition more than anything else. The quarters in the best condition can be worth nearly $10 while the ones in poor condition will only be worth a dollar. While a dollar may seem like a good value for an old quarter, it really doesn’t seem that great when you compare it to the quarters before 1965.
Let’s look at some of the reasons behind the differing values of the quarters from 1965 and 1964.
Although there is only a one year difference between these two quarters, the quarters from 1964 are worth much more than the ones from 1965. This is because the majority of the materials that went into the quarters before 1965 were silver.
Silver is considered to be money by many people today and this belief is backed up by the fact that it used to be money in many different parts of the world. Before fiat currencies came around, gold and silver were basically the standard for money around the world. If you wanted to sell a good or service, then you were probably going to get paid in gold or silver.
Once the Federal Reserve was created in 1913, the US Government had more freedom when it came to the creation of US dollars. Since the government could now create more dollars when they were needed, the value of the dollar began to decline. The one thing that kept the government in check during this time period was that people could go to the government and exchange their dollars for gold if they wanted.
The government continued to print as much money as it wanted for quite some time, until eventually they outlawed the ownership of gold in the United States. Other countries around the world could still trade their dollars for gold until 1971 when the last tie to gold was officially abolished. The US Government basically defaulted on their currency because they printed much more money than they had gold in the vaults. Some people even consider this to be a form of fraud.
Now that you understand why the change to a cheaper quarter was made, you can start to understand why the quarters from 1964 and before are so valuable. They represent real money, so it is important to hold those kinds of coins when you want to guard yourself against inflation.
Most gold and silver bugs use their precious metals to conserve their wealth because they know that keeping money in a bank account is a losing battle. You may get a bit of interest from the bank, but that rate of interest does not keep up with the rate of inflation on a regular basis. While asking how much is a 1965 quarter worth is a good question for many coin collectors, the real investors and smart money is usually asking about the worth of the quarters that were minted before that time period.