Being a proof coin, the 1976-S Bicentennial Quarter (Type 2) was struck using specially prepared dies and planchets, resulting in a high-quality finish with mirror-like fields and frosted devices. Proof coins are produced primarily for collectors and exhibit superior quality compared to regular circulation coins.
The limited mintage of the 1976-S Proof Bicentennial Quarter (Type 2) contributes significantly to its value. Proof coins often have lower mintages compared to their circulation counterparts, enhancing their rarity and desirability among collectors.
The "Type 2" variety refers to a distinct design modification on the reverse of the coin, featuring sharper details on the tail feathers of the eagle. This variety is rarer than the Type 1 variety, further elevating its collectible appeal and market value.
The "S" mint mark indicates that the coin was struck at the San Francisco Mint, one of the United States Mint facilities known for producing proof coins of exceptional quality.
The 1976-S Proof Bicentennial Quarter holds significant numismatic significance as part of the bicentennial celebration of the United States. Collectors often seek out coins commemorating historical events or milestones, adding to the coin's appeal.
The coin's condition, graded as Proof-70 or in exceptional condition, plays a crucial role in determining its value. Proof coins with flawless surfaces and sharp details command premium prices among collectors.
The rarity of the Type 2 variety, coupled with its historical importance and aesthetic appeal, results in high demand from collectors. Coins with unique varieties or features often attract considerable attention and bidding interest in the numismatic market.
The $210,000+ valuation underscores the investment potential of the 1976-S Proof Bicentennial Quarter (Type 2). As a rare and sought-after collectible, the coin represents not only a piece of American history but also a potential store of value and investment asset within the numismatic market.