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Want to know what its worth? In MS 65 gem uncirculated condition the price rises to around $24. FR - Franais; ES - Espaol; Sign in . Even back then, in 1976 (when the U.S. mint minted the 1776 to 1976 quarter), the U.S. mint saw this obvious perceived value as a problem and did its best to curb any potential hoarding of the coins. The 1776-1976 S proof quarter is worth around $5 in PR 65 condition. 1776-1976 Type 1 Ike Dollar MS66 $2,530. So, again, 1776-1976 quarters are not rare! Almost ten years later, Congress officially authorized dollar issuance in 1785, and it became the official US currency in 1792 through the Coinage Act. The rarest and hardest to find Washington Quarter's Check out each link to learn more about each coin. In general, however, 1922 Peace Silver Dollars are considered to be fairly common and can be worth anywhere from a few dollars to several thousand dollars, depending on their condition and other factors. There is also another translation for E Pluribus Unum which means One out of many or One from many. The value of the 1776-1976 quarter is determined by several factors, ranging from its mint mark and production figures to its condition and the presence of errors. Analytical Services; Analytical Method Development and Validation 1776-1976 Bicentennial Quarter Value and Price Chart - Gainesville Coins This comment was minimized by the moderator on the site, when 1776-1976 Bicentennial quarters were still relatively new and plentiful in circulation, Bicentennial designs were produced both in 1975 and 1976. These are worth $2 or more in lightly circulated condition. morecambe fc owners 1776 to 1976 american revolution bicentennial coin value. 1776 to 1976 Quarter Dollar Value (Rare Errors, "D", "S" and No Mint Mark) The Washington Quarter was first, The 1952 Silver Dime is worth more than its face value, due to its numismatic value and silver bullion content. The worth of your 1776 to 1976 Quarter Dollar coin depends largely on the specifics of the coin you have. If you buy thru these links, we may earn a commission at no additional cost to you. PR 65 proof- There are no flaws to this coin. Washington Quarters Bicentennial (Dated 1776-1976) (Common date) 1975-1976: Face . In general, 1946 Washington Quarters that are in good condition and are not rare will have a value that is determined by their silver content. describe a time when you were treated unfairly. . nytimes.com. As these specimens circulation was extensive, some of the pieces havent survived by now. In most cases, you can find a piece for $0.25 to $3.40, but the price depends on each particular coins condition. This peculiar pattern earned the 1776 to 1976 coins the nickname drummer boy quarters or quarter dollar drummer boy. (History And Controversy! +(91)-9821210096 | how to say nevermind professionally in an email. 1776 To 1976 D Quarter Dollar Value | CoinTrackers Similar to most other coins, 1776 to 1976 Quarter Dollar Error values spread out over a broad spectrum, with sub $100 offerings on eBay on the low end to unique aesthetic bicentennial error coins on the high end like this one that sold for almost $3000. 1776 to 1976 Quarter Dollar is a commemorative coin made to celebrate the two hundredth anniversary of the Independence of the United States of America and the signing of the declaration of independence. When evaluating the value of a 1776-1976 quarter, understanding mint marks and production figures is crucial. However, beyond that, things begin to get outrageous. The value for 1776-1976 Eisenhower Dollar, key date prices and images. Many, Read More 10 Most Valuable Foreign Coins (Two Sold For Over $4 Million USD! Great for any collection! Due to the extreme supply of this coin available for purchase, even the proof versions typically do not attract extravagant prices. Lightly circulated 1986-D quarters are worth about 50 cents or more in lightly circulated condition. We use user submitted pictures please read that article if you are interested in adding your own. It was during the early 1970s that the planning of one of the biggest celebrations the world had witnessed began The Bicentennial Celebration of the signing and adoption of the Declaration Of Independence. 1976 United States Coin Set Bicentennial Kennedy 1776 to 1976 Dollar Half Dollar Quarter Art and Collectibles Coins and Money g2652. Fun Fact #1 You will never find a 1975 quarter! The profile shows the former President with hair tied in a ponytail, a hairstyle characteristic in men of that time. Silver-clad quarters are also more valuable due to their higher silver content and limited production. This coin came with an unclearly expressed drummer image, but it takes a lot of experience to determine this error. 1776 to 1976 Quarter Dollar Value (Rare Errors, D, S and No Mint Mark), 23 Most Valuable State Quarters Worth Money, 1788 Quarter Value Guides (Rare Error, D, S & No Mint Mark), 1970 Quarter Value Guides (Rare Errors, D, S and No Mint Mark), 1966 Quarter Value Guides (Rare Errors, P and No Mint Mark), 1977 Quarter Value Guides (Rare Errors, D, S & No Mint Mark), 1988 Quarter Value (Rare Errors, D, S & No Mint Marks), 1982 Quarter Value (Rare Errors, P, D and S Mint Marks), 1987 Quarter Value (Rare Errors, P, D & S Mint Marks), 1990 Quarter Value (Rare Errors, P, D & S Mint Marks), 1959 Half Dollar Value (Rare Errors, D & No Mint Marks), 1916 Barber & Mercury Dime Value (Rare Errors, D, S & No Mint Marks), 2004 Nickel Value (Rare Errors, D & No Mint Marks), 1969 Dime Value (Rare Errors, D, S & No Mint Marks), 1925 Penny Value (Rare Errors, D, S & No Mint Marks), Copper (75%) and nickel (25%) with a clad core, The Liberty Bell Placed on the Moon for a dollar by Dennis R. Williams, Independence Hall for a half-dollar by Seth G. Huntington, Colonial Drummer for a quarter by Jack L. Ahr, One collector purchased the 1776-1976 S MS 69 silver-clad quarter at Heritage Auctions for $19,200 in 2019, One collector purchased the 1776-1976 S PR 25 silver-clad quarter on eBay for $13,500 in 2019, One collector purchased the 1776-1976 D MS 68 clad quarter at Heritage Auctions for $6,463 in 2017, One collector purchased the 1776-1976 S clad quarter at Bowers & Merena for $6,038 in 2010, One collector purchased the 1776-1976 S PR 69 DCAM silver-clad quarter at Heritage Auctions for $2,760 in 2007, One collector purchased the 1776-1976 No mint mark MS 70 clad quarter on eBay for $1,200 in 2022, One collector purchased the 1776-1976 S PR 70 DCAM clad quarter at Heritage Auctions for $920 in 2010. They do not have a higher value as they have been in circulation and are easily and readily available. . The US minted the 1776-1976 quarter with no mint mark and also the 1776-1976 D quarter, 1776-1976 S proof quarter, 1776-1976 S silver quarter, and 1776-1976 S silver proof quarter. Grade: PCGS PR-67 Cameo. So be careful to verify that the coin is silver (if you are looking for a silver version). Get the best deal for 1776 1976 One Dollar from the largest online selection at eBay.ca. Unable to retrieve AutoCheck Summary Report, please try back later. . The most valuable Washington Quarter's. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. The 1776-1976 S proof quarter, is worth around $5 in PR 65 condition.   France   |   English (US)   |   (EUR), remembering account, browser, and regional preferences, remembering privacy and security settings, personalized search, content, and recommendations, helping sellers understand their audience, showing relevant, targeted ads on and off Etsy, remember your login, general, and regional preferences, personalize content, search, recommendations, and offers. Due to a request from the United States Postal Service, the mint produced another run of . This error occurred when a coin was struck on an improperly made die. The best places to buy all types of 1776 to 1976 quarter dollar coins are on Amazon and eBay. United States Bicentennial coinage - Wikipedia Carolin - Karl Albrecht - Electorate of Bavaria - Numista Coin Specification The 1935 Washington Quarter is a 25-cent coin that was issued by the United States Mint. 1776-1976 Type I Eisenhower Dollar Value - COIN HelpU 1776 to 1976 Half Dollar Value for No Mint Mark (P) The Philadelphia Mint did its part in minting the bicentennial half dollars by producing 234 million of the coins from 1975-1976. The coins mint mark-free coins come from the minting facility in Philadelphia. 1776 to 1976 Quarter Dollar Worth. The weight of a 1776-1976 Bicentennial half-dollar depends on what its made of: 75% Copper/ 25% Nickel = 11.34 grams. Etsy is powered by 100% renewable electricity. In Average Circulated (AC) condition it's worth around 25 cents, Considering that no minting process is perfect and the 1776-1976 Washington quarter mintage is almost 1,700,000,000, you can expect numerous errors in the series. What's my coin worth? U.S. coin prices. Values for rare and old coins. Click on either the image or link to visit that coins page and learn more about it. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. This coin is worth at least its weight in silver. This melt value is calculated from the current silver spot price of $25.02 per ounce. - Last updated: June, 10 2022. The denomination QUARTER DOLLAR is struck on the bottom edge, while the initials JLA are under the soldiers left hand. Coin Collecting. Mint Mark: S. Type: Quarter Dollar. The condition of a coin is crucial in determining its value. There are no 1975-dated U.S. quarters, half dollars, or dollar coins. The Quarter Dollar is a United States coin worth 25 cents.It has been produced on and off since 1796 and consistently since 1831. Continue reading if you want to know what is a 1935 quarter value. Year: 1976. Occasionally, the fabric appears in the coin chambers during minting, resulting in its pattern being visible over the original coin design. 1976: S: 1776 To 1976 S Quarter Dollar: Image Year Mint Type; Scroll for More. Want to know more? How much is 1776 to 1976 quarter dollar worth? - tokok.com The legislation would eventually pass, requiring a temporary redesign of the reverse of the quarter, half-dollar, and dollar coin, as well as the addition of the 1776 1976 bicentennial date on their obverse. For instance, one collector paid $6,038 for the 1776-1976 S proof clad quarter at the Bowers & Merena auction. Home; Service. If you are a fan of coin roll hunting or just want to learn more about washington quarters then search or scroll below to find the most valuable and rarest in this series. One such specimen reached an incredible $12,000 at auction. But the 200th anniversary of the signing of the Declaration of Independence wasnt the only event happening when 1776-1976 quarters were being made! 1776 to 1976 american revolution bicentennial coin value A few light contact marks may be present but they are barely noticeable. To get a better estimate of the value of your 1776 to 1976 Quarter Dollar coin, you must first figure out which of the aforementioned variants it belongs to. The Treasury of the United States had discontinued the minting of Commemorative Coin as there was the abuse of the program by Politicians and Special Interest Groups. Uncirculated coins with a grade of MS 65 can sell for around $7. So, does the mint marks on the bicentennial quarter coin affect value? The 1776-1976 S silver quarter, is worth around $5 in uncirculated condition with a grade of MS 63. Real Experiences. CoinTrackers.com estimates the value of a 1976 D Washington Quarter in average condition to be worth 25 cents, while one in mint state could be valued around $5.50. Although the commemorative coin program has been inactive since 1954, a change in the Act necessitated the quarter, half-dollar, and dollar redesign. When it comes to the George, Read More George Washington Gold Dollar Coin 1789 To 1797 ValueContinue, The mercury dime first saw the light in 1916, and was produced until 1945. Alsothese coins are just 40% silver? Want more info? We do not buy or sell precious metal. One collector paid as much as $19,200 for this quarter at an auction. In comparison, uncirculated coins of this type can fetch between $5000 and $7000, depending on their situation. Call or visit your local coin dealer for more information. . | Free shipping on many items! 1776 To 1976 Quarter Dollar Value: are "D", "S", No mint mark worth money? Mint marks are used to mark the production facility that made each coin in distribution, and this policy is no different with the bicentennial quarters. Behind the profile, closer to the right edge, you can find the mint mark, except in coins from Philadelphia. You can distinguish these pieces from the others by the mark D on the obverse, to the right of Washingtons bust. These coins only sell for a premium in uncirculated condition. . 60% Copper/ 40 % Silver = 11.50 grams. Skyrim Where To Sell Jewelry: What To Do With Those Extra Gold? These coins are not worth any more than the other quarters from the preceding or following years however. Their average price is not exceptionally high on the coin market, and you can find those in high grades for an affordable $8. I started collecting coins long before the 50 States Quarters were first released in 1999, and I remember when 1776-1976 Bicentennial quarters were still relatively new and plentiful in circulation. The Bicentennial year was a busy time for the United States, which was celebrating its 200th birthday. The coin was produced in 1975 and 1976 however no coins with these denominations carried a single date instead had the dual dates of 1776 1976. These coins feature a special reverse design and have the date 17761976 engraved on them to commemorate the occasion. Quarter (United States coin) - Wikipedia For example, old coins minted specifically for collectors and never put into general circulation, and hence still retain their original mint quality and condition are typically worth at least 10 times the face value of the coinage. You may not get rich finding 1976 quarters in pocket change, but there are many other quarters in face value that are worth more than face value. The mintage of a particular quarter directly affects its rarity and value. With the 1776 to 1976 quarter, it is not hard to see why any holder will easily assume it might have an inflated value. World Coin Search. If you have 1776-1976 clad quarters in standard circulated condition, they are only worth their face value, which is $0.25. This coin was a part of this jubilee commemoration and is well-known as the Bicentennial Washington quarter. Free shipping for many products! 1776 to 1976 Quarter Dollar Worth. Troy ounces weigh about 2 grams more than the standard ounce. Lastly, the 1776-1976 quarter serves as a tangible reminder of the United States rich history and bicentennial celebration. Yes! You can find these coins in circulation, at coin shops, or online. The intrinsic value of these silver-clad quarters depends on the current silver spot price. The coin was originally made in 1975 to celebrate the 200th anniversary of the independence of the United States of America from the Colonial Rule of the British Empire. This post may contain affiliate links. 1976 Eisenhower Dollar - Coin Values Required fields are marked *. Event: FAA Spring VIP Jewelry, Coins, & Art 4-30-23. Value: $329,000. For many, this coin represents a fascinating blend of numismatic and historical significance, making it a prized possession for collectors and history enthusiasts alike. The San Francisco Mint also produced both copper-nickel clad and 40% silver clad versions. On the other hand, if your 1776-1976 S proof quarter is in mint state . This section is more of a layman's guide, for those new to collecting. The obverse side of the coin features the same design as other Washington quarters. Circulated quarters in average condition typically cost their nominal value, but you can expect a little more than $6 for specimens in the mint state. Turning off the personalized advertising setting wont stop you from seeing Etsy ads or impact Etsy's own personalization technologies, but it may make the ads you see less relevant or more repetitive. Price: 25 cents-$9.00+. You can always find the mint mark on the lower right of the coins obverse side, adjacent to the lower end of Washingtons head. Silver Coin. Struck through errors on the obverse of the 1776-1976 quarters are rare, but they do exist. As precious metal prices change, the intrinsic value of silver-clad quarters can increase or decrease accordingly. The two main variants of the bicentennial quarter coin are a copper/nickel regular clad version and the silver clad version. Want more? To be precise, the mint marks are below the truncation of Eisenhowers portrait and above the date. MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The value of the 1776-1976 quarter depends on various factors, such as its mint mark, composition, production figures, condition, errors, market demand, and precious metal prices. By Posted when did harry styles dad passed away In mckayla adkins house On eBay, you can also join competitive auctions for all sorts of coins in this category, including 1776 to 1976 quarter dollar (drummer boy) error coins. For example, uncirculated quarters with an MS 63 grade from the Philadelphia and Denver Mints are worth around $1.25, while those with an MS 65 grade can fetch around $6. A lot of folks who ask about the value of 1976 Bicentennial quarters like to know more about the story behind these distinctive 1776-1976 coins. It actually has a copper core with a layer made of copper and nickel alloy in a 75: 25 ratio. Market Analysis: Coveted 1976 Bicentennial error coins - CoinWorld 1 dollar 1976. Like most other coins, the worth of Bicentennial quarters can vary significantly depending on its mint state and unique properties. Not all 1776-1976 quarters are silver. In uncirculated condition with an MS 63 grade, their value is around $1.25, while uncirculated coins with an MS 65 grade can fetch around $6. The 1776-1976 D quarter and 1776-1976 S quarter in an uncirculated condition each is worth about $2. One Dollar US Bicentennial Coin 1776-1976 Liberty Bell, 4) Coins 78,77,74,72. Sorry, what you are looking for is not available on Etsy. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Coin Specification The 1950 Quarter coins obverse (Head) features Washingtons side along with the inscription 1950 LIBERTY IN GOD WE TRUST. How Much Each Bicentennial Quarter Is Worth (Chart) Most Bicentennial quarters are worth at least $5 in Mint State. In 1975, the United States began minting Eisenhower dollars with the dual dates 1776-1976, which mark the occasion of the United States bicentennial. The 1776-1976 Eisenhower silver dollars have value as both numismatic coins and as silver bullion. 800 billion+ total coins minted by the U.S. mint, released over 1.6 billion Bicentennial quarters. The value of a canadian coin depends on several factors such as quality and wear, supply and demand, rarity, finish and more. QUARTER DOLLAR . The then-treasury Secretary George Schultz chose conceptual solutions for reverses, including: While Flanagans design with George Washingtons bust remains on the obverse, the winner changed the reverse. Silverrecyclers.com is a participant in various affiliate programs, including the Amazon Services LLC Associates Program.This is an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. . The word Bicentennial means the two hundredth anniversary of a significant event or relating to a two hundredth anniversary. This statement is considered the traditional motto of the United States of America. If you find circulated 1776-1976 quarters either with no mintmark (those were made in Philadelphia) or the "D" (Denver) mintmark in pocket change, they're worth face value 25 cents. Demand dropped, and production ceased in 1981. However, the dates on all of these special commemoratives are only represented as 1776-1976. Decoding Coin Lingo: The Meaning of AU and BU in the Numismatic World, How Many Quarters in a Roll? 1776-1976-S 4,908,319 (3-coin Bicentennial set) Proof: 1971-S . Coinage issued in 1976 will only contain silver if minted as a silver proof. Here are a few other highlights from 1976: In addition to the links Ive included above, here aresome otherresources to help you learn more about the 1976 quarter: Stay up to date with everything about U.S Coins, We dont spam! Collectors should carefully examine these factors when determining the rarity and value of these commemorative coins. The 1776-1976 S proof quarter is worth around $5 in PR 65 condition. Metal Content: Outer layers - 75% Copper, 25% Nickel. 1776 To 1976 S Silver Quarter. Strange right? You can find such an error on a certain number of the 1776-1976 quarters obverse, but they are rare. The general value for an average circulated quarter in good condition is around $0.30-0.85. 1776-1976 S SILVER 1776-1976 S SILVER 25C PFCA Varieties Shop! . Background. The name comes, Read More Mercury Dime Value Chart (Most Valuable Sold For $364,250)Continue, No family name in the history of the United States has been popular, even to this day,, Read More The 1965 Kennedy Half Dollar: History, Value, and More (Rarest Sold For $9,000)Continue, Your email address will not be published. Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. They're 90% silver and worth $3 to $4 or more each. What is ENB? This is our basic coin price guide for people who are unfamiliar with coins but want to find out about old coin values. CoinTrackers has built a tool that will let you know if your coin is silver or not. Login or Create Account to post a comment or ask a question. The reverse side of the coin features a military drummer along with a victory torch encircled by 13 stars. Group has 8 coins / 34 prices | Browse our daily deals for even more savings! On average, a mint state silver coin from this batch is worth between $5-8; a non-silver mint state coin goes for under $2, while a circulated piece is typically equal in worth to its face value. The Top 15 Most Valuable Quarters - The Spruce Crafts 1834 Proof Capped Bust Quarter. The coin's luster might not be as prominent. You probably havent found many 1776-1976 Bicentennial coins in your pocket change, therefore you may be wondering if these old quarters are rare coins. If it is a regular issue, circulated copper/nickel coin, it's only worth the face value of 25 cents. A coin from this batch with no mint mark is made in Philadelphia; coins marked S come from San Francisco, while coins with the letter D come from the Denver mint. Any information about this coin such as its value is . It is essential to understand that these values are subject to change based on market conditions and the specific condition of each individual coin. Interestingly, the 1776-1976 S DCAM PR 70 silver-clad Bicentennial quarter went for $2,760 twelve years before that. Some of the technologies we use are necessary for critical functions like security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and to make the site work correctly for browsing and transactions. The proof versions of these coins typically retail for the same price or slightly higher than the matching regular uncirculated versions of the 1776 to 1976 Quarter Dollar with no mint marks. 1976 Coins & Values, Prices, Production, and Proofs - CoinTrackers.com The 1776-1976 Washington quarters containing an error are always scarce and valuable. Detailed information about the coin 10 Mark, Otto, Kingdom of Bavaria, with pictures and collection and swap management: mintage, descriptions, metal, weight, size, value and other numismatic data EN. Remember that this mint released both copper-nickel and silver-clad proof specimens, while pieces in the regular strike were all silver-clad. You can look for clues in the mintmark (or lack of a mintmark!) Unraveling the Coin Conundrum. one in certified mint state (MS+) condition could bring as much as $4 at auction. SilverRecyclers.com is not a dealer or refiner. The most valuable coin is the 1776-1976 D MS 68 clad quarter that won the auction record in 2017. In general, the value of a Morgan Silver Dollar is based on the current price of silver, as well as any additional numismatic value it may have. It is round in shape, with 91.67% copper and 8.33% nickel in its composition in total. The 1776-1976 Washington quarter total mintage was 1,691, 961,954 pieces. C $61.03. The production of the coin was said to begin on July 4th, 1975. You can expect at least $12 to $15 for a typical 1976-S Bicentennial silver-proof dollar coin. 1776-1976 D 25C MS | Coin Explorer | NGC NGC Coin Explorer The NGC Coin Explorer a searchable catalog of American and US coins is your convenient numismatic library with important coin details from the NGC Price Guide, NGC Census, NGC Registry and Auction Central resources all in one place. The rule of thumb is that such specimens often reach incredible prices on the coin market. Face Value. Coin prices may or may not be currently accurate but are intended to show relative value. The standard 1776-1976 silver dollar is worth around $17 in MS 63 choice uncirculated condition. Joshua is interested in a wide array of topics, and since 1992 has been heavily involved in numismatics, a topic about which he loves to research and write. To enable personalized advertising (like interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. If so they are likely 90% silver. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth.. Current silver melt value* for a 1973 S Quarter Dollar is $2 and this price is based off the current silver spot price of $25.04 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Currently, the true value of the 1776 to 1976 half-dollar depends on its condition and mint mark. The silver melt value for this coin is $1.85 as of May 01, 2023. 1776 To 1976 Quarter Dollar Value - Weebly Three Designs Chosen For Bicentennial Coins. Free shipping for many products! Etsy uses cookies and similar technologies to give you a better experience, enabling things like: Detailed information can be found in Etsys Cookies & Similar Technologies Policy and our Privacy Policy. Sold: May 2015; Stack's/Bowers, The D. Brent Pogue Collection, Part I, Sotheby's, New York, NY. This is in stark contrast with the dark ages of yesteryear when several social, cultural, and ethnic communities were marginalized with their voices silenced. If you find a 1776-1976 quarter with an "S" (San Francisco) mintmark, it's either a proof specimen or a 40% silver Bicentennial quarter. For the 1776-1976 quarter, three mint marks are used: P for the Philadelphia Mint, D for the Denver Mint, and S for the San Francisco Mint. An uncirculated silver-clad bicentennial coin rated a decent MS 63 will easily retail for at least $5. Quarters made in 1964 or older all contain at least 90% silver, making them already worth more than 30 times their face value even before you consider their rarity and other special features. Circulated proofs are worth 40 to 50 cents, and 40% silver Bicentennial quarters have a value of about $1.50 or more. Rather than put them in the general supply, these coins are sold packaged in their original mint state and quality directly to coin collectors who buy them at a premium. This melt value is calculated from the current silver spot price of $25.04 per ounce. Dishonored 1 Vs 2 Which One Is The Best Game? Approximately 7 million copper-nickel quarters were minted in San Francisco, and around 4 million 40% silver clad quarters were produced for uncirculated sets. Surprisingly, the one in a PR 70 grade with cameo contrast was sold for just $63, and the DCAM specimen with a PR 70 rating changed hands for a modest $920. In circulated condition, clad quarters from the Philadelphia and Denver Mints are generally worth their face value of $0.25.