Notes: The info above is for the Silver proof version of this coin the Quarter. The mint released the Michigan state quarter in January 2004. It has an image of the Great Lakes and the words Great Lakes State. It was designed by Donna Weaver. All the state quarters have the words E Pluribus Unum on the reverse bottom middle.
How much is a Silver Proof Michigan Quarter worth?
This section is more of a layman's guide, for those new to collecting.
In Average Circulated (AC) condition it's worth around 25 cents, one in certified mint state (MS+) condition could bring as much as $11 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 2004, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].
If you are a fan of coin roll hunting or just want to learn more about michigan state quarters then search or scroll below to find the most valuable and rarest in this series.
The most valuable Michigan State Quarter's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.
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Are Silver Proof Michigan Quarters Silver?
Yes! Michigan State Quarter's produced in 2004 are 90% silver to be precise, and contain 0.1808 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 2004 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 $3.94 less than the intrinsic value from silver content of $4.19, 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 benifits of coin collecting as a way to build wealth..
Current silver melt value* for a 2004 P Michigan is $4.19 and this price is based off the current silver spot price of $23.15 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.
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