1. Condition: The condition of a coin plays a significant role in determining its value. A coin in excellent condition, with sharp details, strong luster, and no significant damage, will likely have a higher value than one that is worn or damaged.
2. Rarity: The rarity of a coin also affects its value. 1786 quarters are relatively scarce compared to other coins of that era. The mintage of 1786 quarters was only about 11,500, making it a rare find.
3. Variety: There are several varieties of the 1786 quarter, each with its own unique characteristics. Some varieties are rarer than others, and certain varieties may be more sought-after by collectors, resulting in higher values.
4. Certification: An authenticated and graded coin by a reputable grading company like the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS) can add value to the coin. A certified coin guarantees its authenticity and condition, making it more appealing to collectors.
Based on these factors, the value of a 1786 quarter can range widely. A well-preserved coin in excellent condition, with a rare variety, and certified by a reputable grading company could fetch a significant price. However, it's important to consult with experts or reputable coin dealers to get an accurate valuation.