Nowadays not many people remember when silver coins actually circulated in America. Up to 1964, our silver coins ~ dimes, quarters, half dollars ~ were made of actual silver. A full 90 percent of each coin was pure silver. The remaining 10 percent was copper. Then, in 1964, the Federal Government decided, with the rest of the world (pretty much), to do away with precious metal in coins and strike them out of cheap alloys. Coins minted from 1965 until now have zero silver content. Dimes, quarters, and half dollars are made of copper with a thin clad layer of nickel.
(Aside -- With the economic turmoil of today, do you think anything would be different if we used real precious metal in coins.pl? Hmmmm.)
If you have old pre-1965 silver coins they are quite valuable today. See this CoinQuest link for details.
Once in a while the thin nickel clad layer is not attached to the coin blank when it is sent into the minting machine. What you get is a clad layer missing error coin and these are sought by collectors. Mint workers are supposed to catch all such errors before the coins leave the mint, but some get through.
Evaluating these coins is a bit tricky. There are several factors which enter into the equation, and all factors are subject to wide variations.
First there is eye appeal. To be valuable, an error coin has to knock your socks off to be valuable. The dime in our picture does that. The obverse ('heads' side) is almost uncirculated, fully lustrous, and pure white, while the reverse ('tails side') has a bright, lustrous red look from the exposed copper. To keep coins in such beautiful condition, owners usually send them to professional coin encapsulation services like PCGS, NGC, ANACS, and ICG (don't use other services).
NEVER CLEAN A COIN. CLEANING RUINS VALUE.
Second there is the actual error configuration. The nickel layer may be missing on one side or both, and it may be partially missing or fully missing.
Third, if you want to sell your coin, you need to find a buyer. There are not many collectors of error coins, so the non-availability of buyers can send prices lower.
Taking these into account, here are some best-guess estimates of the value of missing clad coins:
FULL EYE APPEAL, FULLY UNCIRCULATED, IN NUMISMATIC SLAB:
ONE SIDE MISSING ENTIRE CLAD LAYER
Dimes: $200 US dollars approximate retail value
Quarters: $300
Half dollars: $500
Ike dollars: $600
Susan B. Anthony dollars: $300
ONE SIDE MISSING PARTIAL CLAD LAYER
Dimes: $100 US dollars approximate retail value
Quarters: $150
Half dollars: $250
Ike dollars: $300
Susan B. Anthony dollars: $200
TWO SIDES MISSING ENTIRE CLAD LAYER
Dimes: $400 US dollars approximate retail value
Quarters: $500
Half dollars: $800
Ike dollars: $1000
Susan B. Anthony dollars: $700
CIRCULATED COIN, DULL, WORN, DARK COLORS:
ONE SIDE MISSING ENTIRE CLAD LAYER
Dimes: $20 US dollars approximate retail value
Quarters: $30
Half dollars: $50
Ike dollars: $60
Susan B. Anthony dollars: $30
ONE SIDE MISSING PARTIAL CLAD LAYER
Dimes: $10 US dollars approximate retail value
Quarters: $15
Half dollars: $25
Ike dollars: $30
Susan B. Anthony dollars: $20
TWO SIDES MISSING ENTIRE CLAD LAYER
Dimes: $40 US dollars approximate retail value
Quarters: $50
Half dollars: $80
Ike dollars: $100
Susan B. Anthony dollars: $70
These ballpark values are for retail sales to collectors. If you have such a coin and want to sell it to a coin dealer, figure the dealer will offer your about one-half retail value.
Created (yyyymm): 201006, Last review: 201509
Appearance: Normal round coin Metallic brown Metallic gray Letters: Latin Chinese style Flowing style
Years: sort: 1965, filter: 1965 to 2050
Image: us_missing_clad_layer.jpg
Original inquiry: this quarter is a copper quarter from 1986 it is missing the silver alloy from the denver mint which indicates that it was a nickel copper clad

Although clad Washington quarters are still found in circulation today, there are a few of them that are worth slightly more than face value. In 1999, collector interest in collecting Washington quarters picked up again. The introduction of the 50 State Quarter program precipitated this increased coin collecting demand. Experts estimate that. Second, look for one very specific quarter. Look closely, because if you have it, it could be worth tens of thousands of dollars to the right buyer. The Quarter That Could Be Worth $35,000. This 1970 Washington Quarter is listed on eBay for a whopping $35,000. The listing recently turned up in an AOL.com roundup. More than 1,300 people are.
1965 P Washington Quarter
Coin Dealer Insight: Being the first year of production for the new copper/nickel clad composition for quarters, 1965 saw a massive influx of the new type of quarters. Just under 1.82 billion Washington quarters were produced at Philadelphia and Denver in an attempt to begin flushing the silver Washington quarters out of circulation. 1965 Washington quarters only hold 'common' value because of such overwhelming production. Keep in mind the definition of 'common' changes with the 1965 Washington quarter. Due to the elimination of silver, Washington quarters hold virtually no metal value which means quarters produced after 1964 will only be worth a quarter, unless they're part of a mint set, proof set or in exceptional condition.
Value: Can usually be found and sold for somewhere between $0.26-$13.50 price dictated by condition, certification, and current demand. Other factors include location, inventory, and urgency of sale.
1965 Quarter Value Today
Estimated Value Based on Scale:
Mint:Philadelphia
1965 Quarter Value Silver Quarters
Production: 1,819,717,000 Washington Quarters were minted at the Philadelphia mint in 1965.
Popular Washington Quarters
1990 D Washington Quarter1948 D Washington Quarter
1960 D Washington Quarter

1934 P Washington Quarter
1985 D Washington Quarter
1965 Quarter Value Liberty
1936 P Washington Quarter
1983 D Washington Quarter
1953 D Washington Quarter
1998 S Washington Quarter

1965 Quarter Value Ebay
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1965 Quarter Value Today
Price
.25 to $5$5.01 to $15
$15.01 to $25
$25.01 to $35
$35.01 to $45
$45.01 to $55
$55.01 to $75
$75.01 to $125
$125.01 to $300
$300.01 to $500
$500.01 to $900
$900.01 to $2000
$2000.01 to $5000
$5000.01 to $14000
*Value is that of highest MS-65 grade.