Coin collecting offers a thrilling opportunity for hobbyists, with some coins being worth far more than their original face value. Among the most coveted by collectors are the 1932-D and 1932-S Washington Quarters. These two rare quarters have fetched prices as high as $140,000 at auctions, making them treasures worth searching for. In this article, we’ll explore the history behind these rare quarters, how to identify them, and what factors contribute to their impressive value.
1. The 1932-D Washington Quarter
The 1932-D Washington Quarter, minted in Denver, is a highly prized piece among collectors due to its low production numbers.
- Mintage: Only about 436,800 of these coins were produced.
- Design: The coin features George Washington on the obverse and an eagle on the reverse.
- Mint Mark: Look for the small “D” mint mark located beneath the wreath on the reverse side.
- Value: Even in poor condition, the coin could be worth around $100. In pristine, uncirculated condition, its value can soar to as much as $143,750.
2. The 1932-S Washington Quarter
Another rare and highly valued coin is the 1932-S Washington Quarter, minted in San Francisco.
- Mintage: Only 408,000 of these coins were made.
- Design: Similar to the 1932-D, it depicts George Washington on the front and an eagle on the back.
- Mint Mark: The “S” mint mark can be found beneath the wreath on the reverse.
- Value: Coins in circulated condition generally fetch around $100, but in excellent condition, they can reach up to $140,000.
3. How to Spot These Rare Quarters
If you’re wondering whether you have one of these valuable quarters, here’s a quick guide to identifying them:
- Check the Date: Make sure the coin is dated 1932.
- Examine the Mint Mark: Flip the coin over to look for either the “D” or “S” mint mark below the wreath on the reverse.
- Assess the Condition: Coins that are well-preserved (less wear) tend to be more valuable.
4. Factors That Influence Their Value
Several elements affect the value of the 1932-D and 1932-S quarters:
- Condition: Coins are graded from Poor (P-1) to Perfect Uncirculated (MS-70). The higher the grade, the greater the value.
- Rarity: Fewer coins in circulation typically result in a higher value.
- Market Demand: Coins that attract a lot of attention from collectors often increase in price.
5. Estimated Values Based on Condition
Here’s an overview of how the condition of a coin influences its price:
| Coin Name | 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: These values are approximations and can fluctuate based on market conditions.
6. Conclusion
Owning a rare coin like the 1932-D or 1932-S Washington Quarter can be both exciting and financially rewarding. If you think you may have one of these valuable coins, it’s a good idea to have it professionally appraised to determine its true worth. Keep in mind, the condition of the coin plays a crucial role in how much it’s worth. So, handle these treasures carefully!
FAQs
Why is the 1932-D Washington Quarter so valuable?
The 1932-D is scarce because only a limited number were minted in Denver, making it highly collectible among enthusiasts.
How can I identify a 1932-S Washington Quarter?
Look for the “S” mint mark beneath the wreath on the reverse of the coin to confirm it’s a 1932-S.
Why is coin condition important?
Coins in better condition have more value because they show less wear and are considered more desirable by collectors.
