The 1976-S Proof Bicentennial Quarter (Type 3) was struck as a proof coin, a special production method involving polished dies and planchets, resulting in a sharper, more detailed finish compared to regular circulation coins.
The Type 3 variety of the 1976-S Proof Bicentennial Quarter features a different design on the reverse side, showcasing a less-detailed depiction of the drum and torch. This variation adds to its appeal among collectors who seek out distinct varieties within coin series.
The Type 3 variety has a relatively limited mintage compared to other Bicentennial Quarter types. Its scarcity contributes to its high value in the numismatic market.
Proof coins are highly sought after by collectors due to their limited production and superior quality. The Type 3 variety of the 1976-S Proof Bicentennial Quarter, with its unique design elements, is particularly prized among numismatists.
The value of proof coins is closely tied to their condition. Uncirculated or near-perfect examples with minimal imperfections, scratches, or discoloration command higher prices from collectors.
As part of the Bicentennial coinage program commemorating the 200th anniversary of the United States, the 1976-S Proof Bicentennial Quarter holds historical significance. Collectors interested in American history and numismatics value coins from this series for their commemorative significance.
The reported value of $150,000+ for the 1976-S Proof Bicentennial Quarter (Type 3) reflects its desirability among collectors and current market conditions. Numismatic trends, collector preferences, and economic factors can influence the value of coins over time.
The reported value likely reflects the price achieved by a specific example of the 1976-S Proof Bicentennial Quarter (Type 3) at auction. Auction prices can vary based on factors such as rarity, condition, provenance, and bidder interest, but they provide a benchmark for the coin's potential value in the collector's market.