The quarters that could be worth more than $3,000: How do I know if I have one?

Making extra money is always a big help, and what better way to do it than to cash in a simple quarter for big bucks? Fans of numismatics - popularly known as coin collecting - are willing to pay thousands of dollars for particular quarters due to certain characteristics that make them truly special.

With this in mind, it never hurts to keep your eyes peeled when paying with these small coins, as you could add some extra money to your wallet if you come across some of these rarities.

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How to spot valuable quarters

According to a report by GoBankingRates, between 1999 and 2008, new quarters were released every ten weeks. During this period, each state in the country released a representative image along with the year it entered the United States.

By the year 2000, designs from Massachusetts, Maryland, South Carolina, New Hampshire, and Virginia were minted. Some of these are currently worth more than $3,000, provided they are in excellent condition- near mint or uncirculated.

Coins that have never been in circulation are labeled ‘Mint State’ and are often marked with the initials MS. According to the Professional Coin Grading Service (PCGS), these are some units that are valued at more than $3,000:

As for the rest of the states that minted quarters in 2000, although the value of most units does not exceed a thousand dollars; you can still earn some extra income from them. This is what they are worth according to PCGS:

Typically, quarters are worth more than their face value because, in a Mint State, they manage to achieve a high sum in auctions.