1978 Quarter

CoinTrackers.com has estimated the 1978 P Washington Quarter value at an average of 25 cents, one in certified mint state (MS+) could be worth $6. (see details)...

1978 Quarter No Mint Mark

1978 quarter error coins

Does anyone know about the super tiny quarter dollar of 1978? I've seen this real quarter that's like 5mm in diameter that was made in 1978. Any information would be great cause it's really. There are 280 1978 quarter for sale on Etsy, and they cost $42.00 on average. The most common 1978 quarter material is metal. The most popular color?

Type:Washington Quarter
Year:1978
Mint Mark: P
Face Value: 0.25 USD
Total Produced: 521,452,000 [?]
Silver Content: 0%
Numismatic Value: 25 cents to $5.50
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 25 cents, while one in certified mint state (MS+) condition could bring as much as $6 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1978, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].

Additional Info: No notes have been attached.

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**When we say that 521,452,000, of these coins were produced or minted in 1978 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.

1978

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***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.

We use user submitted pictures please read that article if you are interested in adding your own.

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Latest amount & QC explanation
The amount of earnings required for a quarter of coverage (QC) in 2021 is $1,470. 'Quarter of coverage' is a legal term, but you may also see the term 'Social Security credit' (or just 'credit') used elsewhere. A QC is the basic unit for determining whether a worker is insured under the Social Security program. No matter how high your earnings may be, you can not earn more than 4 QC's in one year.

History
See historical series of earnings needed to earn one quarter of coverage, 1978-2021.

For years before 1978, an individual generally was credited with a quarter of coverage for each quarter in which wages of $50 or more were paid, or an individual was credited with 4 quarters of coverage for every taxable year in which $400 or more of self-employment income was earned. Beginning in 1978, employers generally report wages on an annual, instead of quarterly, basis. With this change to annual reporting, the law provided that a quarter of coverage be credited for each $250 of an individual's total wages and self-employment income for calendar year 1978 (up to a maximum of 4 quarters of coverage for the year). After 1978, the amount of earnings needed for a quarter of coverage changes automatically each year with changes in the national average wage index.

Determination of the quarter of coverage amount for 2021
The law specifies that the quarter of coverage (QC) amount for 2021 is equal to the 1978 amount of $250 multiplied by the ratio of the national average wage index for 2019 to that for 1976, or, if larger, the 2020 amount of $1,410. If the amount so determined is not a multiple of $10, it shall be rounded to the nearest multiple of $10.

Calculation details
Amounts in
formula
1978 earnings for one QC$250
1976 average wage index9,226.48
2019 average wage index54,099.99
Computation$250 times 54,099.99 divided by 9,226.48 equals $1,465.89, which rounds to $1,470
Higher amount$1,470 exceeds the amount for 2020, so the earnings needed to earn one QC in 2021 is $1,470

Amount of earnings needed to earn one quarter of coverage
YearEarnings
1978$250
1979260
1980290
1981310
1982340
1983370
1984390
1985410
1986440
1987460
1988470
1989500
1990520
1991540
1992570
YearEarnings
1993$590
1994620
1995630
1996640
1997670
1998700
1999740
2000780
2001830
2002870
2003890
2004900
2005920
2006970
20071,000
YearEarnings
2008$1,050
20091,090
20101,120
20111,120
20121,130
20131,160
20141,200
20151,220
20161,260
20171,300
20181,320
20191,360
20201,410
20211,470