1. General Value: On average, an 1864 US quarter that is well-worn, common in circulation, and without any significant errors or rarities can be worth between $4 and $10.
2. Grade and Condition: The condition and preservation of an 1864 quarter play a significant role in its value. Quarters that have been well-preserved, with minimal signs of wear, and no major damage or scratches can command higher prices. Numismatists and collectors highly value coins that are graded by professional grading services like the Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS), as these grades indicate the coin's authenticity and condition.
3. Rarities: Some 1864 quarters may have special characteristics that make them rare and valuable. For instance, certain varieties or errors in the design, such as die errors, mint marks, or unique design features, can significantly increase the value of the coin. Rare dates or mint marks, especially those with low mintage, can also command higher prices.
4. Special Design: The 1864 quarter features the Seated Liberty design on the obverse and a wreath on the reverse, which is typical for quarters minted during that era. However, there were no significant design changes or variations introduced in 1864, so the general design does not contribute to additional rarity or value.
5. Market Demand and Trends: The value of an 1864 quarter, like any other collectible, is influenced by market demand and trends. The prices can vary over time based on the interest and demand from collectors and numismatists, as well as the availability of the specific quarter in the market.
6. Professional Appraisal: To obtain a more precise and accurate valuation of an 1864 quarter, it's recommended to consult with a reputable coin dealer or a professional coin appraiser who can assess the coin's condition, grade, and scarcity. They can provide you with a more accurate estimate of its value based on current market conditions.
It's important to note that the actual value of an 1864 US quarter can vary widely depending on these factors, and it's always advisable to seek expert advice when attempting to determine the value of rare or valuable coins.