The 2002 Ohio State Quarter, part of the U.S. Mint’s 50 State Quarters Program, features a design honoring Ohio’s contributions to aviation and space exploration.
While most quarters from this series are valued at their face value of 25 cents, certain variations and conditions can significantly enhance their worth, with some coins fetching prices up to $50,000.
Understanding the 2002 Ohio State Quarter
Released in 2002, the Ohio State Quarter showcases an astronaut and a biplane, symbolizing Ohio’s pivotal role in aviation and space history.
Notably, astronauts Neil Armstrong and John Glenn hailed from Ohio, as did the Wright brothers, pioneers of powered flight. The reverse side of the coin bears the inscriptions:
- “Ohio 1803 – Birthplace of Aviation Pioneers – 2002 – E Pluribus Unum”
Factors Influencing the Quarter’s Value
Several elements determine the value of the 2002 Ohio State Quarter:
- Condition (Grade): Coins in pristine, uncirculated condition are more valuable.
- Mint Mark: The mint mark indicates the production facility:
- ‘P’ for Philadelphia
- ‘D’ for Denver
- ‘S’ for San Francisco (often found on proof versions)
- Varieties and Errors: Coins with unique features or minting errors can be highly sought after.
High-Value Variants of the 2002 Ohio State Quarter
While standard quarters are worth face value, certain variants have garnered significant attention:
1. Silver Proof Versions
The U.S. Mint produced silver proof versions of the 2002 Ohio State Quarter as part of special proof sets. These coins are composed of 90% silver and 10% copper, differing from the standard copper-nickel composition. Identifiable by the ‘S’ mint mark, these silver proofs are valued higher due to their precious metal content and limited availability.
Silver Proof Quarter Specifications:
| Feature | Specification |
|---|---|
| Composition | 90% Silver, 10% Copper |
| Mint Mark | ‘S’ (San Francisco) |
| Mintage Numbers | Approximately 888,826 |
These silver quarters typically range in value from $5 to $10, depending on their condition.
2. High-Grade Uncirculated Coins (MS69 and Above)
Coins graded Mint State 69 (MS69) exhibit minimal imperfections and are highly prized by collectors. For example, a 2002-P Ohio quarter graded MS69 sold for $495 at auction, while a 2002-D quarter of the same grade fetched $3,525.
High-Grade Uncirculated Quarter Values:
| Mint Mark | Grade | Estimated Value |
|---|---|---|
| ‘P’ | MS69 | Up to $495 |
| ‘D’ | MS69 | Up to $3,525 |
3. Double-Strike Errors
A double-strike error occurs when a coin is struck twice, resulting in overlapping images. Such errors are rare and can significantly increase a coin’s value. For instance, a 2002-P Ohio quarter with a double-strike error has been reported to sell for nearly $1,000.
Double-Strike Error Quarter Values:
| Mint Mark | Error Type | Estimated Value |
|---|---|---|
| ‘P’ | Double-Strike | Up to $1,000 |
Estimated Values Based on Condition
The condition of a coin, assessed through grading, plays a crucial role in determining its value. Below is a general guide to the estimated values of the 2002 Ohio State Quarter based on its grade:
Condition-Based Value Estimates:
| Grade | Estimated Value |
|---|---|
| Good (G-4) | $0.30 – $0.40 |
| Very Fine (VF-20) | $0.50 – $0.75 |
| Extremely Fine (EF-40) | $0.75 – $1.00 |
| About Uncirculated (AU-50) | $1.00 – $1.50 |
| Mint State (MS-60) | $1.50 – $2.00 |
| Mint State 69 (MS69) | $495 – $3,525 |
Note: Values are approximate and can vary based on market demand and coin condition.
While most 2002 Ohio State Quarters are valued at face value, certain variants—such as silver proofs, high-grade uncirculated coins, and those with minting errors—can command significantly higher prices.
Collectors seeking to acquire these valuable coins should focus on obtaining high-quality specimens with unique characteristics to enhance their collections.
FAQs
How can I identify a silver proof 2002 Ohio State Quarter?
Silver proof quarters have an ‘S’ mint mark and are composed of 90% silver. They are typically found in proof sets and have a distinct mirror-like finish.
What does MS69 grade mean for a coin’s value?
MS69 indicates a coin is in near-perfect condition, with only minor imperfections visible under magnification. Such coins are highly valued by collectors.
Are double-strike error coins common?
No, double-strike errors are rare and can significantly increase a coin’s value due to their scarcity.