Quarters are based on the Spanish Reale, which was often cut into pieces earning the nickname quarter for two of the eight pieces of a Reale Dollar. The U.S. Mint first struck the quarter in 1796. This U.S. Coin was struck in 90% silver up through 1964. The iconic U.S. Silver Coin, the Washington Quarter was first minted in 1932 and these coins have become fun quests for collectors seeking to track down those out of circulation.