Collecting coins can be a rewarding hobby, both intellectually and financially. Among U.S. coins, Washington Quarters minted in 1932 stand out, with the 1932-D and 1932-S varieties reaching notable values due to their rarity. Some of these coins, depending on condition, have fetched as much as $140,000 at auction. Here’s an in-depth look at these coins, including their distinguishing features, value determinants, and tips on identifying them.
The 1932-D Washington Quarter
The 1932-D Washington Quarter is a highly prized coin, especially among seasoned collectors. Minted in Denver, this coin had a particularly low production run, making it one of the “key dates” in the Washington Quarter series.
- Mintage: Around 436,800 coins were minted.
- Design: The obverse features George Washington’s profile, while the reverse showcases an eagle with wings spread.
- Mint Mark: The “D” mint mark can be found on the reverse side, just below the wreath.
- Value: This coin’s worth can vary significantly based on condition, ranging from about $100 in worn states to as high as $143,750 in mint, uncirculated condition.
The 1932-S Washington Quarter
Similarly, the 1932-S Washington Quarter is another highly valued coin. Produced at the San Francisco Mint, this coin is equally rare and valuable to collectors.
- Mintage: Approximately 408,000 coins were produced, making it even scarcer than its Denver counterpart.
- Design: Like the 1932-D, it features George Washington on the obverse and an eagle on the reverse.
- Mint Mark: Look for an “S” mint mark beneath the wreath on the reverse.
- Value: In circulated condition, the coin’s value is around $100, while pristine, uncirculated versions can sell for up to $140,000.
Identifying These Rare Quarters
If you think you may own a 1932-D or 1932-S Washington Quarter, follow these steps to confirm:
- Check the Date: Make sure the quarter is dated 1932.
- Locate the Mint Mark: Flip the coin over to locate the small “D” or “S” beneath the wreath on the reverse side.
- Assess Condition: The coin’s condition is crucial to its value; coins with minimal wear are often much more valuable.
Factors Influencing Value
The value of these rare Washington Quarters is driven by several important factors:
- Condition (Grade): Coins are graded on a scale from Poor (P-1) to Perfect Uncirculated (MS-70). Higher-grade coins command higher prices.
- Rarity: The lower the mintage number, the rarer and more valuable the coin tends to be.
- Market Demand: Collector demand fluctuates over time, which can drive prices up or down.
Value Estimates Based on Condition
To help gauge the potential worth of a 1932-D or 1932-S Washington Quarter, here’s a table summarizing typical values 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 |
Ensuring Proper Care and Appraisal
If you own a rare 1932-D or 1932-S Washington Quarter, it’s wise to handle it with care and avoid cleaning it, as this can reduce its value. Having the coin professionally appraised is highly recommended to determine its true worth, especially if it appears to be in good or excellent condition.
Owning a rare coin like the 1932-D or 1932-S Washington Quarter can be both exciting and financially rewarding. Whether for a personal collection or potential profit, these quarters offer a tangible link to history and a chance for a substantial return on investment.
Why are the 1932-D and 1932-S Washington Quarters so valuable?
These coins have low mintages and are highly sought after by collectors, especially in mint condition.
Where is the mint mark located on a 1932 Washington Quarter?
The mint mark, either “D” or “S,” is located on the reverse side, below the wreath.
How should I handle a rare Washington Quarter?
Handle it carefully by the edges to avoid adding fingerprints or scratches, and avoid cleaning the coin to preserve its value.
