Coin collecting always centers on rare coins that gain in value with time, and from many collections of coins, there are rare pieces that aren’t special only because of their designs but also for how they were minted in unique circumstances. One example is the 1993 quarter, which has a variant that sold as high as $1,400 in the collector’s market. In this article, we will go over the background of the 1993 quarter, why some examples are so valuable, and how collectors can maneuver the world of numismatics.

History of the U.S. Quarter

Quarters have been part of United States coins since the year 1796. Designs, composition have changed over the time-of historical event, social transition, artistic inspiration. There is currently a design-in-service since 1932-one whose obverse bears the visage of George Washington while the reverse features an eagle.

History of 1993 Quarter

At that time, quarters from the United States Mint pretty much adopted a clad copper-nickel composition. But like any other coin, this year’s quarter too has a good chance of having errors created when it is minted. In fact, most coins are actually minted correctly. But when some characteristics show in a particular coin, it may raise much more curiosity among collectors.

1993 Quarter Design and Features

The obverse bears the portrait of George Washington. He was designed by John Flanagan. A small text, which follows the outline of his profile in writing, states the motto “Liberty,” the country motto “In God We Trust,” and the mint year “1993.”

On the back there is an eagle. This is just a standard issue of America strength and freedom. Inscriptions on this quarter contain such words as “United States of America” and “Quarter Dollar.” Moreover, there is a picture showing how an eagle flies.

There were many different mints made, including Philadelphia (no mint mark), Denver (D), and San Francisco (S), and many more. Sometimes the mint can make the value different because sometimes fewer coins are made in certain places, and the coin is a little more valuable.
Why Is the 1993 Quarter Worth $1,400?

Most of the 1993 quarters still are worth face value or a little more if they continue to circulate. By contrast, one variety sells for as high as $1,400. And it’s because of a particular type of error coin-the **1993 P Close AM** quarter.

Description: 1993 P Close AM quarter-error coin Back of the coin The letters “A” and “M” in “America” were too close to each other on this mistake.

Mint Information This close AM error is caused by a misplaced or introduced die in the minting process. Several quarters from various years have an extremely separated “A” and “M,” making it rare to only the close AM quarter 1992 and 1994.

Rarity and Demand: The price of the 1993 P Close AM quarter has risen because of the aspect of rarity. Although there are a few error coins that were minted, there is still an ever-rising demand for those error coins from collectors. In this case, its market price increases as well.

Collectibility Factors

There are several reasons making the 1993 P Close AM quarter collectible and sought after as indicated below.

Rarity: As with any collectible, the rarer something is, the bigger that will play. The lesser number of Close AM examples compared to regular quarters creates much more desirability for collectors.

Condition: The condition of the coin also determines the value. The higher the grade, the lesser the wear, and the clearer the detail, the higher the price.

Market Demand: As the hobby of collecting coins becomes more and more popular, the market demand for some error coins increases. Therefore, when it is rare, for example the 1993 P Close AM quarter will be quite pricey.

How Do You Know It’s a 1993 P Close AM Quarter?

If one finds a 1993 P Close AM quarter then one knows its coin value. But how to identify that error coin? Let’s see.

Reverses: A key feature is the gap between “A” and “M” in “America.” If the letters are closer together than on any other quarters that do not carry this date stamp, odds are pretty good this is a Close AM variety error coin.

Grade: Check the coin for any grade problems which include heavy wear or scratches. Circulated coins that are relatively in good condition sell better.

Mint Mark Position: Locate the mint mark at the obverse side of the coin. Because the 1993 P Close AM quarter was minted in Philadelphia, it is expected to have no mint mark.

Professional grading can clarify any issues regarding the authenticity or grade of a 1993 quarter. Coin grading companies such as PCGS and NGC have grading and authenticity guarantees that make coins more salable.

Market for the 1993 P Close AM Quarter

Some newly released market analyses showed that the value of a 1993 P Close AM quarter falls anywhere in this wide range:

– Circulated Specimens: even circulated specimens of the 1993 P Close AM quarter can sell from a low of $200
High Grades: the specimen can sell high grade for $1,000 or more though some specimens graded with the reputable grading service will sell for $1,400 or more.
Selling and Buying

Markets: Any buyer or seller of a 1993 P Close AM quarter will get the market at any of the online auction sites, from the coin dealers to the numismatic shows.

Documentation: When selling proper documentation such as a grading certificate from any recognized service will attract the buyer to the asking price.

FAQs

What makes the 1993 quarter worth $1,400?

The 1993 quarter can be valued at around $1,400 primarily due to a specific error known as the 1993 P Close AM quarter. This error features the “A” and “M” in “America” on the reverse side very close together, distinguishing it from other quarters. The rarity of this error and high demand among collectors significantly increase its market value.

How can I identify a 1993 P Close AM quarter?

To identify a 1993 P Close AM quarter, check the reverse side for the spacing between the “A” and “M” in “America.” In this error coin, the letters are noticeably closer than on standard quarters from other years. Additionally, look for the absence of a mint mark on the obverse if it’s from the Philadelphia mint.

Where can I sell or buy a 1993 P Close AM quarter?

You can buy or sell a 1993 P Close AM quarter through various platforms, including online auction sites like eBay, coin dealers, and numismatic shows. For sellers, obtaining a grading certificate from a reputable service can enhance the coin’s value and marketability.

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