Silver Proof Indiana Quarter

Last updated: June, 01 2023 estimates the value of a 2002 S Indiana State Quarter Proof in average condition to be worth 25 cents, while one in mint state could be valued around $15.00.

Silver Proof Indiana Quarter
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  • Year: 2002
  • Mint Mark: S
  • Coin: Indiana
  • Type: Quarter Dollar
  • Price: 25 cents-$15.00+
  • Face Value: 0.25 USD
  • Produced: 892,000
  • Edge: Reeded
  • Silver Content: 90%
  • Silver Weight: .1808 oz.
  • Melt Value: $5.72


Part of the 50 State Quarters program by the United States Mint, the 2002 Indiana State Quarter came in several flavors.


The reverse of this coin was a design concept created by Donna Weaver and engraved by Charles L. Vickers, and implemented by the United States Mint.

Crossroads of America is listed on the quarter as the state Indiana is centrally located

The 13 stars featured in a partial circle also on the reverse represent the original 13 colonies, and the 6 stars symbolize the 6 states that joined the colonies shortly thereafter.

The racecar is meant to represent the Indianapolis 500 race (NASCAR).

Are 2002 Indiana state quarters silver?

There are Silver and non Silver Proof 2002 Indiana State Quarters. Look at the reeding along the edge if you see a copper ring; it's likely not silver. Additionally the silver specimens weighed 6.25 g while the non silver ones weigh just 5.67

2002 Error Guide

2002 Indiana Quarter Error Guide
(click to enlarge)


Production Chart

How much is a Silver Proof Indiana Quarter worth?

In Average Circulated (AC) condition it's worth around 25 cents, one in certified mint state (MS+) condition could bring as much as $15 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 2002, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].

What are your coins really worth?

Use the handy-dandy calculator below to find the real value of any indiana state quarter in your collection.

whats your quarter worth

Specs & Design

This coin has a total mass of 5.67 g, a diameter of 24.26 mm, and a thickness of 1.75 mm. It's edge is reeded, and the coins are composed of 91.67% Copper 8.33% Nickel.

Designer: Donna Weaver (rev), and John Flanagan (obv)

Front (Obverse): The front or obverse of this coin contains the bust of President George Washington. If a mint mark is present it will be on the bottom right just under the words In God We Trust. The words Liberty, United States of America and Quarter Dollar are present as well.

Back (Reverse): Designed by Donna Weaver, the reverse features a racecar superimposed on the state of Indiana, as well as the inscriptions Crossroads of America and 1816 the year they joined the Union.

Most Valuable

The most valuable Indiana State Quarter's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.

Image Year Mint Worth
Indiana State Quarter 2002 S $15
Indiana State Quarter 2002 S $6
Indiana State Quarter 2002 P $3
Indiana State Quarter 2002 D $3
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1989 P $345.22
1989 $345,000
1989 D $345
Image Name Mint Worth

Want more? Click here to see the most valuable coins ever minted.

Are Silver Proof Indiana Quarters Silver?

Yes! Indiana State Quarter's produced in 2002 are 90% silver to be precise, and contain .1808 troy oz or 5.623 grams in total of .999 pure silver. Silver weight is measured in troy ounces. Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. The tool is called Is My Coin Silver?.

Coinage issued in 2002 will only contain silver if minted as a silver proof. Is your coin a silver proof or just a proof? Do they weigh more than other identical coins from the same year? If so they are likely 90% silver. 90% silver coins are much denser than the modern 90% copper 10% nickel blend the mint uses today.

Numismatic vs Intrinsic Value:

This coin in poor condition is worth $5.47 less than the intrinsic value from silver content of $5.72, this coin is thus more valuable to a silver bug than to a coin collector. You will most likely find however that it is hard to get a coin for less than spot price. At least that has been our experience. Want more info? Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth..

Current silver melt value* for a 2002 D Indiana is $5.72 and this price is based off the current silver spot price of $31.64 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.

***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.