After a proof quarter valued at a staggering $35,000 went on sale, experts revealed why that coin is worth so much. And in case you’re wondering whether you’ve ever encountered a coin that may be valued at a small fortune, here’s how to spot these special quarters.
In 2016 Las Vegas coin dealer Mike Byers listed a quarter on eBay. And despite asking for $35,000 for a coin with a face value of 25 cents, this particular quarter received a lot of attention. Soon, more than 1,500 eBay users were “watching” the listing; the seller received numerous inquiries about the item, too.
So what is it that made this coin so desirable? Well, to start with, it’s a proof quarter. Proof coins are the first ones to go through the press, and they are subsequently checked to see if they are of the required quality before the coins are mass minted and released for general use. In that way, proof coins are often viewed as covetable items for collectors.