2002-P Mississippi Quarter Value: Is Your Coin Worth Money?

The 2002-P Mississippi Quarter Dollar is worth anywhere from its face value of $25 cents in circulated condition to over $600 for high-grade specimens. While most of these coins found in your change are only worth a quarter, certain rare errors and high-quality strikes can be quite valuable to collectors.

Condition / Grade	Estimated Value
Circulated (Average Wear)	$0.25
Uncirculated (MS63)	$1.00 – $3.00
Gem Uncirculated (MS65)	$5.00 – $15.00
High Grade (MS67+)	$50.00 – $600.00+

Introduction to the 2002-P Mississippi Quarter

The Mississippi State Quarter was released on October 15, 2002, as the 20th coin in the United States Mint’s popular 50 State Quarters Program. This specific coin features the “P” mint mark, indicating it was produced at the Philadelphia Mint. For everyday Americans, finding one of these in a jar of pocket change is common, but knowing how to identify a premium version is key.

If you are unsure about the quality of the coin you just found, using a top coin identifier app can help you distinguish between a common spender and a collector’s item. The design on the reverse honors the “Magnolia State” by showcasing two large magnolia blossoms, the state flower, along with the inscription “The Magnolia State.”

During 2002, the Philadelphia Mint struck over 579 million of these quarters. Because of this high mintage, the vast majority remain worth only 25 cents. However, the market for “Mint State” coins—those that never entered circulation—remains strong among enthusiast collectors who want a perfect set. Using tools like CoinKnow allows you to stay updated on these shifting market trends instantly.

Determining the 2002-P Mississippi State Quarter Value by Grade

When assessing the 2002-P Mississippi Quarter value, the most significant factor is the coin’s physical condition, also known as its “grade.” Professional graders use a 70-point scale, where 1 represents a coin worn flat and 70 represents a perfect coin with no flaws. Most coins you find in your wallet will be “Circulated,” meaning they have scratches and dull luster.

Uncirculated coins are those that were tucked away in rolls or mint sets. An MS63 grade usually fetches a small premium, while an MS67 or higher can reach significant prices at auction. You can check the current Mississippi quarter price trends to see how much collectors are paying for top-tier specimens today.

Numeric Grade	Classification	Market Value
VG8 – VF20	Very Good to Very Fine	$0.25
EF40 – AU50	Extra Fine to About Unc	$0.25 – $0.50
MS63	Mint State (Typical)	$1.50
MS66	Mint State (Choice)	$12.00
MS68	Mint State (Superb)	$400+

Key Varieties and Rare Errors to Watch For

While most 2002-P Mississippi quarters are standard, error hunters look for “mint errors” that happened during the manufacturing process. These mistakes can turn a common quarter into a prize worth hundreds of dollars. Common errors for state quarters include “off-center strikes,” where the design is pushed to one side, and “doubled dies,” which show a faint ghosting or doubling of the letters or images.

One specific error to look for on 2002 quarters is the “clipped planchet,” where the round metal disc was cut improperly before being stamped. Another rarity is the “die crack,” appearing as raised lines of metal on the surface. If you think you’ve found a weird-looking coin, the CoinKnow app can help you compare your find with known error photos.

Sometimes, a coin might be struck on the wrong metal “blank” (planchet). While rare for the 2002 Mississippi issue, these coins are the holy grail for collectors. Always inspect the edge of your quarter; if it lacks the copper stripe and looks purely silver, you might have a rare proof or a transitional error. Understanding the 2002 state quarter rarity factors is essential for any serious hunter.

Where to Sell Your 2002 Mississippi Quarter

If you discover that you own a high-grade or error version of the 2002-P Mississippi quarter, you have several options for selling it. For common uncirculated coins worth only a few dollars, local coin shops or online marketplaces like eBay are your best bet. These platforms allow you to reach a wide audience of specialized hobbyists.

For coins that are potentially worth hundreds, such as an MS68 graded specimen, it is often better to go through a professional auction house like Heritage Auctions or Stacks Bowers. Before selling, many collectors use CoinKnow to track recent realized auction prices to ensure they receive a fair offer from buyers.

Keep in mind that to get the highest price, your coin usually needs to be “slabbed” or certified by a grading service like PCGS or NGC. This certification proves the coin’s authenticity and grade to the buyer. If your coin is just a regular circulated Mississippi quarter, your best “selling” method is actually just spending it at the grocery store!

Sales Channel	Best For…	Pros/Cons
eBay	Mid-range Errors/Unc Coins	High fees, high visibility
Local Coin Shop	Quick Cash	Lower payout, instant payment
Heritage Auctions	High-Value Rarities	Expertise, takes time

Tips for Collecting the 50 State Quarters Series

The Mississippi quarter is just one part of a massive 10-year project by the U.S. Mint. If you are starting a collection, it is helpful to understand the different mint marks. “P” stands for Philadelphia, “D” for Denver, and “S” for San Francisco. While “P” and “D” coins were made for general circulation, “S” quarters are usually Proof coins made specifically for collectors and are often found in pristine, mirror-like condition.

When handling your 2002-P Mississippi quarter, always hold it by the edges. The oils from your fingers can damage the finish and lower the grade over time. Storing your coins in PVC-free plastic holders or specialized coin albums will prevent scratches and environmental damage. This is especially important for the 2002 issues, as they are now over two decades old and becoming harder to find in perfect shape.

Many new collectors find joy in “roll hunting.” This involves going to a bank, moving $10 worth of quarters into rolls, and searching through them for specific states or errors. It is a low-cost way to build a collection. If you find something interesting during a hunt, simply snap a photo and use a coin app to see if it’s a keeper.

Why the Philadelphia Mint Marks Matter

In 2002, the Philadelphia Mint was responsible for producing nearly half of the nation’s quarters. Historically, Philadelphia coins didn’t even have mint marks, but by 2002, the “P” was standard. Collectors often try to find both the “P” and the “D” versions of the Mississippi quarter to complete their “Statehood” maps or albums.

Because Philadelphia is in the Eastern US, “P” mint quarters are extremely common on the East Coast but can be slightly harder to find in the West. This regional distribution sometimes creates small bubbles of demand. However, because of the massive mintage of 579,600,000 Mississippi quarters at Philly alone, there is no shortage of supply for the average person.

The value truly lies in the “Population” of high grades. For example, if thousands of MS65 coins exist but only ten MS69 coins have ever been found, those MS69 coins become incredibly valuable. This is why professional grading is so vital for the 2002-P Mississippi Quarter value—it differentiates a common coin from a true museum-quality piece.

FAQ

Q: How can I tell if my 2002-P Mississippi Quarter is silver?

A: Standard Mississippi quarters found in circulation are made of a copper-nickel clad composition. They have a visible copper stripe on the edge. Only the “S” mint mark Proof versions were made in 90% silver. If your coin has a “P” mint mark, it is definitely not silver.

Q: What is the highest price ever paid for a 2002-P Mississippi Quarter?

A: High-grade specimens in MS68 condition have sold for over $500 at major auctions. Most recently, examples with exceptional luster and no visible contact marks have pushed the boundaries of the 2002-P Mississippi Quarter value in the collector market.

Q: Is it worth getting my 2002 quarter graded?

A: Only if the coin appears absolutely perfect under a magnifying glass. Since grading costs about $20-$50 per coin, it only makes sense if the coin is likely to grade MS67 or higher. For most 2002-P quarters, the cost of grading is higher than the value of the coin.

Q: Where is the mint mark on the Mississippi Quarter?

A: The mint mark (the small “P” or “D”) is located on the “heads” side (obverse) of the coin, to the right of George Washington’s ponytail and just below the “In God We Trust” motto.