Discover the Value of the 1968 Canadian Quarter

1968 Canadian Quarter

The 1968 Canadian quarter holds particular significance for coin collectors. This coin is a notable piece in Canadian numismatic history due to its material varieties, transitioning from silver to nickel.

Historical Context

In 1968, the Royal Canadian Mint made a significant decision to change the composition of the quarter. Earlier quarters were composed largely of silver, a precious metal. However, the rising cost of silver prompted a shift to a cheaper alternative: nickel. This change in material marks an important transition in Canada’s coinage history.

Material Composition

The 1968 quarter exists in two different compositions: silver and nickel. The silver quarters contain about 50% silver and 50% copper. Nickels, however, are composed entirely of nickel. Identifying whether a 1968 quarter is silver or nickel can be done through a couple of methods. Silver quarters weigh approximately 5.83 grams and exhibit a distinct sound when dropped. Nickel quarters weigh slightly more at about 5.07 grams and produce a duller sound upon impact.

Design Details

The obverse side of the 1968 quarter features a portrait of Queen Elizabeth II. This image, designed by artist Arnold Machin, showcases the Queen wearing a tiara. The inscription ELIZABETH II D.G. REGINA encircles the portrait. D.G. REGINA stands for Dei Gratia Regina, meaning By the Grace of God, Queen. The reverse side of the coin displays a caribou, a design created by Emanuel Hahn. Beneath the caribou, the face value 25 CENTS and the year 1968 are inscribed.

Minting Process

The Royal Canadian Mint produced millions of these quarters in 1968. The transition from silver to nickel required changes in the minting process. The mint used special dies and presses to strike the quarters, ensuring high-quality detail and consistency. The use of nickel allowed for faster production rates due to its durability.

Circulation and Usage

The 1968 Canadian quarter was widely circulated across the country. It served as a common denomination for everyday transactions. People used these quarters to purchase goods and services, making them a staple in Canadian currency.

Collectability and Value

To collectors, the 1968 Canadian quarter is valuable for several reasons. Silver quarters are particularly sought after due to their precious metal content. Nickel quarters are also collectible, though generally valued lower than their silver counterparts. Factors influencing a coin’s value include its condition, mint mark, and rarity. Coins in mint or uncirculated condition typically command higher prices.

Collectors use grading systems to assess a coin’s condition. The Sheldon Scale is the standard, ranging from Poor (P-1) to Perfect Mint State (MS-70). Coins graded higher on this scale are more valuable.

Identifying and Purchasing

When buying a 1968 Canadian quarter, thorough inspection is crucial. Look for distinct features that denote genuine coins. Ensure the weight aligns with either a silver or nickel composition. If purchasing online, buy from reputable dealers who offer authentication guarantees. Auction sites and numismatic forums are good places to find these quarters.

Storage and Maintenance

Proper storage and maintenance are vital for maintaining a coin’s value. Store quarters in a dry, cool environment to prevent tarnishing or damage. Use coin holders or albums specifically designed for numismatic storage. Avoid direct handling with bare hands to prevent oils from fingers transferring to the coin’s surface.

Different Varieties

Within the 1968 quarter minting, some varieties exist. Certain coins display noticeable die errors or doubling. Such varieties are often more valuable due to their uniqueness. Enthusiasts should look for these unique features, which set certain coins apart.

Resources for Collectors

Charlton Standard Catalogue of Canadian Coins – A comprehensive guide for coin collectors.
Canadian Numismatic Association – A community offering resources and networking opportunities.
Royal Canadian Mint – Provides historical context and product information.
Online forums like Coin Community – A place to discuss and learn from other collectors.