Collectors Are Paying $500,000 for This 2002 Indiana State Quarter!

The 2002 Indiana State Quarter was part of the U.S. Mint’s 50 State Quarters program and is commonly found in circulation. However, some rare errors and unique features can significantly increase its value. This raises the question, could some of these quarters actually be worth up to $500,000? This article will provide you with accurate information on the 2002 Indiana State Quarter’s rare features, valuable errors, and its actual market value.

Background of the 2002 Indiana State Quarter

Issued in 2002, this quarter was minted to commemorate Indiana’s entry into the Union as the 19th state, reflecting the historic event of that time. The reverse (back side) of this coin features a racecar (to signify the Indianapolis 500), the outline of the state of Indiana, and 19 stars, signifying the state’s status. Under normal circumstances, this quarter is worth only 25 cents, but some rare minting errors and special editions can increase its value. Let’s find out what special factors can make this quarter valuable.

Precious Errors and Special Editions

Although most Indiana State Quarters are worth their original 25 cents, some special errors and editions can increase their value.

1. Rotated Die Error

A rotated die error occurs when the coin’s obverse (front side) and reverse (back side) designs are not properly aligned. In 2017, a 2002-D Indiana quarter that had this error and received an MS64 grading was auctioned for $1,050.

Error Type	Description	Approximate Value
Rotated Die Error	Misalignment between obverse and reverse designs	$1,050
Double Stars D/D/R, D/D/O	Doubling of stars due to die misalignment	$20
Missing Clad Layer	Absence of outer nickel layer, revealing copper core	$50 – $500

This proves that errors like these can significantly increase a coin’s value.

2. Double Stars Error

• This error causes the stars on the coin to appear double, which is caused by a misalignment during the minting process.
• Coins of this type have been purchased by collectors for up to $19.90. While this amount is not much, it is still more than an ordinary quarter.

3. Missing Clad Layer Error

• When the outer nickel layer of the coin is missing, the coin appears copper-colored on one side.
• Other state quarters with this error have sold for prices ranging from $50 to $500, so this may apply to the Indiana State Quarter as well.

Could this quarter really be worth $500,000?

Some websites and rumors claim that the 2002 Indiana State Quarter could be worth up to $500,000. However, there is no official record or evidence to date that can verify this claim. Most valuable quarters sell for high prices because of special errors or rarities, and this has not been the case for the Indiana quarter. The most expensive state quarters have been priced as high as $10,000 so far. Actually, that would be highly improbable, as minting errors are virtually nonexistent even in that of an Indiana quarter. Thus, it is completely wrong to say that a 2002 Indiana State Quarter could go up to $500,000 for sale.

Coin Value Factors

• The factors determining coin value are: Glimmer: Unusual errors or low minting have increased its value.
• Condition: Coins of first-class condition (MS60-MS70) usually bring more.
• Demand: Demand from collectors and investors also drives value.
• Type of error: The price of coins with rare minting errors can go higher than normal.

Conclusion

The 2002 Indiana State Quarter is normally worth 25 cents, but if it has a rare error, it can be worth hundreds to thousands of dollars. However, claims of a price of up to $500,000 are false and exaggerated. If you have such a coin, it would be a wise move to get it certified. Collectors and investors can buy special coins at a higher price, but this depends on market demand and rarity. So, examine your coins, and if you see something unusual, have a professional assess its real value. You may have a priceless treasure!

FAQs