Coin collecting is a fascinating hobby that can sometimes lead to unexpected financial rewards. Among the most sought-after coins are certain Washington quarters, with two specific variants standing out for their exceptional value.
These rare quarters can fetch up to $140,000 at auctions, making them treasures worth seeking. This article delves into the details of these valuable coins, helping you determine if you might have one in your collection.
1. The 1932-D Washington Quarter
Historical Context
The 1932-D Washington quarter was minted during the Great Depression, a period when the U.S. Mint produced fewer coins due to reduced economic activity. This limited mintage contributes to its rarity and high-value today.
Key Features
- Mint Mark: The ‘D’ mint mark, indicating production at the Denver Mint, is located on the reverse side beneath the eagle.
- Mintage: Only 436,800 units were produced, making it one of the lowest mintage figures for Washington quarters.
- Composition: Composed of 90% silver and 10% copper, typical of quarters minted before 1965.
Current Value
The value of a 1932-D Washington quarter varies based on its condition:
| Condition | Estimated Value |
|---|---|
| Good (G-4) | $100 |
| Very Fine (VF-20) | $1,000 |
| Mint State (MS-65) | Up to $140,000 |
2. The 1932-S Washington Quarter
Historical Context
Similar to its Denver counterpart, the 1932-S Washington Quarter was minted in limited quantities at the San Francisco Mint, adding to its scarcity and desirability among collectors.
Key Features
- Mint Mark: The ‘S’ mint mark is found on the reverse side beneath the eagle.
- Mintage: A total of 408,000 units were produced, slightly fewer than the Denver version.
- Composition: Also consists of 90% silver and 10% copper.
Current Value
The 1932-S Washington quarter’s value is influenced by its condition:
| Condition | Estimated Value |
|---|---|
| Good (G-4) | $125 |
| Very Fine (VF-20) | $1,500 |
| Mint State (MS-65) | Up to $140,000 |
Factors Influencing Value
Several factors affect the value of these rare Washington quarters:
- Condition: Coins in better condition (higher grades) command higher prices.
- Rarity: Lower mintage numbers increase scarcity and value.
- Historical Significance: Being the first year of the Washington quarter series adds to their appeal.
Identifying Authentic Coins
To ensure authenticity:
- Mint Mark Verification: Check for the ‘D’ or ‘S’ mint mark on the reverse side.
- Professional Grading: Have the coin graded by a reputable service to determine its condition and authenticity.
- Weight and Dimensions: Authentic 1932 quarters should weigh 6.25 grams and have a diameter of 24.3 mm.
Owning a 1932-D or 1932-S Washington Quarter can be a lucrative find for any collector. Their historical significance, combined with low mintage and high silver content, make them highly valuable. If you possess old quarters, it’s worth examining them closely—you might just have a hidden treasure worth up to $140,000.
How can I determine the condition of my Washington quarter?
Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). Consulting a professional grading service can provide an accurate assessment of your coin’s condition.
Where can I sell a rare Washington quarter?
You can sell rare coins through reputable coin dealers, auction houses, or online platforms specializing in numismatics.
Are there counterfeit 1932-D and 1932-S quarters?
Yes, due to their high value, counterfeit versions exist. It’s crucial to have your coin authenticated by a professional.
