As a proof coin, the 1976-S Bicentennial Quarter (Type 3) was struck using specially prepared dies and planchets to achieve a high-quality finish with mirror-like fields and frosted devices. Proof coins are highly sought after by collectors due to their superior quality and limited production.
The "Type 3" variety refers to a distinct design modification on the reverse of the coin, featuring a block-style lettering for the word "Dollar." This variety is rarer than the previous types, adding to its collectible appeal and market value.
The "S" mint mark indicates that the coin was struck at the San Francisco Mint, renowned for producing proof coins known for their exceptional quality and sharp details.
The limited mintage of the 1976-S Proof Bicentennial Quarter (Type 3) contributes significantly to its rarity. Proof coins often have lower mintages compared to their circulation counterparts, making them highly sought after by collectors.
As part of the bicentennial celebration of the United States, the 1976-S Proof Bicentennial Quarter holds historical significance. Collectors are often drawn to coins commemorating significant events or milestones in American history.
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 3 variety, combined with its historical significance 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 $150,000+ valuation underscores the investment potential of the 1976-S Proof Bicentennial Quarter (Type 3). 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.