The Eleanor Roosevelt Quarter: History, Symbolism, and Value
The Eleanor Roosevelt quarter was released by the United States Mint in 2023.
This issue represents the eighth installment within the five-year "American Women Quarters" program, having launched in 2022.
Eleanor Roosevelt, having served as the First Lady of the United States from 1933 to 1945, is depicted on the coin's reverse as a political figure and diplomat.
Parameter | Value |
Weight | 5.67 grams |
Diameter | 24.26 mm |
Thickness | 1.75 mm |
Composition | Outer: 75% copper, 25% nickel Core: 100% copper |
Edge | Reeded |
Silver versions of the coins also exist, being intended exclusively for collector sets and featuring a composition of 99.9% fine silver.
Mintage Volumes by Mint Facility
The 2023 mintage was distributed among three primary production sites.
The strike volume directly influences the availability of coins in the highest preservation grades.
Philadelphia (P): 233,200,000 specimens.
Denver (D): 233,400,000 specimens.
San Francisco (S): These coins were not intended for circulation, being distributed in special sets (Proof and Uncirculated).
The total mintage volume for circulation exceeded 466 million units, effectively eliminating any scarcity for coins in average condition.
Value Assessment and Auction Indicators
The market price of the Eleanor Roosevelt quarter is determined by its state on the Sheldon scale.
Coins found in circulation are valued at face value (0.25 $).
Investment interest is represented by specimens with a grade of MS67 and higher, having undergone certification at PCGS or NGC.
MS66 RD: The average price stands at 10–15 $.
MS67 RD: The value varies from 40 to 85 $.
MS68 RD: A rare grade for this year, with the price potentially reaching 300–500 $.
The auction record for a 2023-P Eleanor Roosevelt coin in MS68 condition was recorded at 576 $.
For coins featuring the "S" mint mark (San Francisco) in Proof-70 Deep Cameo condition, the price remains stable within the 25–40 $ range.
Price Dynamics and Annual Statistics
Given the recent release of the coin, long-term price statistics are currently in the formation stage.
Observed price fluctuations over the last 12 months show the following trends.
Primary Market (2023): Coins in MS67 grade were sold at 120–150 $ due to the novelty of the issue.
Secondary Market (2024–2025): A price drop of 35–45% occurred due to market saturation with certified specimens.
Rare Grades (MS68): A value increase of 10% annually is expected, assuming the fixation of a low number of surviving samples in Population Reports.
In percentage terms, the value of ordinary specimens decreases as the quantity of opened bank rolls increases.
Varieties and Minting Errors
Technical failures during mass production create rare specimens possessing increased value.
The following types of defects have been recorded while studying the Eleanor Roosevelt issue.
Die Chips: Frequently occurring on the inscription letters or details of Roosevelt's clothing.
The price of such coins varies from 5 to 20 $ depending on the chip size.Doubled Die Reverse (DDR): Doubling of the globe elements or declaration letters.
Confirmed DDR cases for this issue are extremely rare, potentially raising a specimen's price to 100–150 $.Struck Through Error: An error arising when oil or metal dust falls onto the die.
The lot's value is determined by the visual impact of the defect, ranging from 30 to 200 $.
Grade / Type | 2023-P | 2023-D | 2023-S (Silver) |
MS65 | $5 | $5 | — |
MS66 | $15 | $12 | — |
MS67 | $65 | $55 | — |
PR70 DCAM | — | — | $45 |
Rarity Factors and Population Reports
According to the coin appraisal app data, the number of Eleanor Roosevelt coins in top grades remains moderate.
For the Philadelphia (P) issue in MS68 condition, fewer than 50 specimens have been registered.
For the Denver (D) issue, the identical indicator stands at approximately 70 units.
The low population density in the MS68 grade is caused by microscopic scratches appearing during coin collisions in bags immediately after minting.
Specimens having preserved perfect surfaces without contact with other coins are the primary candidates for record sales in the future.
Recommendations for Coin Condition
Evaluating a 2023 quarter requires using tools with at least a coin value app.
Special attention should be paid to Eleanor Roosevelt's face and the globe's surface, being the most vulnerable areas for damage.
The presence of original mint luster is a mandatory criterion for assigning a coin to the MS (Mint State) category.
Contamination or fingerprints on the copper and nickel surface cause irreversible degradation of appearance, lowering the grade to AU (About Uncirculated).
Market Value Forecast for 2026–2028
Relying on the completion cycles of the "American Women Quarters" program, experts expect price stabilization by 2027.
After the program concludes in 2025, interest in complete sets will increase, potentially provoking moderate price growth (5–8% per year) for certified MS67 coins.
Mass-produced coins from circulation have no prospects for growth above face value due to the enormous mintage volume.
Thus, the economic value of the Eleanor Roosevelt quarter is concentrated exclusively in the segment of high-quality, professionally appraised specimens and rare production errors.
Studying confirmed minting facts and monitoring auction platforms allows for accurately identifying valuable samples among the general mintage mass.