Coin collecting is a fascinating hobby that can sometimes lead to unexpected financial rewards. Among the myriad of coins in circulation, certain Washington Quarters have garnered significant attention due to their rarity and substantial value. Notably, the 1932-D Washington Quarter and the 1932-S Washington Quarter stand out, with some specimens fetching up to $140,000 at auctions. This article delves into the details of these rare quarters, guiding you on how to identify them and understand their worth.
The 1932-D Washington Quarter
The 1932-D Washington Quarter is a prized possession among numismatists. Minted in Denver, this quarter had a limited production run, making it a key date in the Washington Quarter series.
- Mintage: Approximately 436,800 coins were produced.
- Design: Features George Washington’s profile on the obverse and an eagle with outstretched wings on the reverse.
- Mint Mark: The “D” mint mark is located on the reverse side, below the wreath.
- Value: Depending on its condition, the 1932-D quarter can range from $100 in well-worn states to $143,750 in mint condition.
The 1932-S Washington Quarter
Similar to its Denver counterpart, the 1932-S Washington Quarter is highly sought after due to its scarcity. Produced at the San Francisco Mint, this coin holds significant value among collectors.
- Mintage: Approximately 408,000 coins were minted.
- Design: Identical to the 1932-D, with George Washington on the obverse and an eagle on the reverse.
- Mint Mark: The “S” mint mark is situated on the reverse side, beneath the wreath.
- Value: In circulated conditions, it can be worth around $100, while uncirculated examples have fetched up to $140,000.
Identifying These Rare Quarters
To determine if you possess one of these valuable quarters, follow these steps:
- Check the Date: Ensure the coin is dated 1932.
- Locate the Mint Mark: Flip the coin to the reverse side and look for a small “D” or “S” beneath the wreath.
- Assess the Condition: Coins in better condition (less wear and tear) are more valuable.
Factors Influencing Value
Several factors can affect the value of these quarters:
- Condition (Grade): Coins are graded on a scale from Poor (P-1) to Perfect Uncirculated (MS-70). Higher grades command higher prices.
- Rarity: The lower the mintage, the rarer the coin.
- Market Demand: Current interest among collectors can drive prices up or down.
Value Estimates Based on Condition
| Coin | Good (G-4) | Fine (F-12) | Extremely Fine (EF-40) | Uncirculated (MS-60) | Mint State (MS-65) |
|---|---|---|---|---|---|
| 1932-D Washington Quarter | $100 | $200 | $1,000 | $10,000 | $143,750 |
| 1932-S Washington Quarter | $100 | $200 | $1,000 | $10,000 | $140,000 |
Note: Values are approximate and can vary based on market conditions.
Conclusion
Owning a rare coin like the 1932-D or 1932-S Washington Quarter can be both exciting and financially rewarding. If you believe you have one of these quarters, it’s advisable to have it professionally appraised to determine its true value. Remember, the condition of the coin plays a significant role in its valuation, so handle it with care.
How can I protect my rare quarter?
Store it in a protective coin holder and keep it in a cool, dry place to prevent damage.
Where can I get my coin appraised?
Consult reputable coin dealers or professional grading services for an accurate assessment.
Are there other valuable Washington Quarters?
Yes, certain error coins and low-mintage years can also be valuable. It’s best to research or consult an expert.
