The 1932 Washington Quarters are among the most sought-after coins in the history of American numismatics.
These quarters, minted to celebrate the 200th anniversary of George Washington’s birth, have become iconic due to their historical significance, design, and rarity.
While millions of these coins were minted, two specific variants, the 1932-D and 1932-S Washington Quarters, have emerged as particularly valuable gems in the world of coin collecting. In top condition, these coins can fetch incredible amounts, ranging from $80,000 to $90,000 at auction.
1932-D Washington Quarter
The 1932-D Washington Quarter was minted in Denver with a total production of only 436,800 coins. This low mintage number is one of the primary reasons the coin is highly prized by collectors.
Despite its limited production, a large number of these coins saw circulation, leading to wear and tear that significantly diminished the number of high-quality examples. As a result, coins in Mint State (MS) condition are incredibly rare and valuable.
Key Factors for 1932-D Quarter Value:
- Low Mintage: With only 436,800 coins minted, this quarter is one of the rarest in the series.
- High Demand: Due to its scarcity and historical importance, the 1932-D Washington Quarter is highly sought after by collectors.
- Condition Matters: Coins in MS65 or higher grades can command prices up to $80,000.
The 1932-D Washington Quarter is considered a “key date” coin in the Washington Quarters series. Collectors actively seek this coin to complete their collections, particularly those seeking high-grade examples.
Its rarity and connection to American history make it one of the most valuable coins in the series.
1932-S Washington Quarter
The 1932-S Washington Quarter, minted in San Francisco, is even rarer than the 1932-D, with a mintage of only 408,000 coins.
The 1932-S quarter, like the 1932-D, was subject to heavy circulation, leaving few coins in excellent condition. Collectors of Washington Quarters and enthusiasts of rare coins actively seek this piece due to its extremely low mintage and high-grade appeal.
Key Factors for 1932-S Quarter Value:
- Lower Mintage: The 1932-S has a mintage of just 408,000, making it rarer than the 1932-D.
- High-Grade Examples: Coins that are Uncirculated or graded MS65+ can reach a value of $90,000.
- Historical Significance: Minted during the Great Depression, this coin carries added historical appeal.
The 1932-S Washington Quarter is another “key date” coin, prized for its rarity and the challenge involved in finding specimens in top-grade condition.
What Makes These Coins Valuable?
Several factors contribute to the remarkable value of the 1932-D and 1932-S Washington Quarters:
| Factor | Description |
|---|---|
| Low Mintage | Limited production of 436,800 (1932-D) and 408,000 (1932-S) coins. |
| Circulation Wear | Many were heavily circulated, reducing the number of high-quality coins. |
| Key Dates | Both coins are essential for completing a Washington Quarters collection. |
| Historical Context | Minted during the Great Depression, adding to their significance. |
| Collector Demand | High demand keeps their value consistently strong among numismatists. |
How to Identify a 1932-D or 1932-S Washington Quarters
The mintmark on the reverse side of the coin, beneath the eagle’s tail feathers, helps identify whether the coin is a 1932-D or 1932-S:
- “D” Mintmark: Indicates the coin was minted in Denver.
- “S” Mintmark: Indicates the coin was minted in San Francisco.
If the coin lacks a mintmark, it was minted in Philadelphia, and is not as rare or valuable as the 1932-D or 1932-S quarters.
A Legacy of Value
The 1932-D and 1932-S Washington Quarters are far more than just currency—they represent a pivotal time in U.S. history.
Minted during the Great Depression, these quarters carry both historical and numismatic significance. Their rarity and the challenge of finding high-grade examples make them treasures for collectors.
The 1932-D and 1932-S Washington Quarters are among the most valuable coins in American numismatics, with prices ranging from $80,000 to $90,000 in top condition.
The low mintage, heavy circulation, and historical importance of these coins contribute to their exceptional value.
Whether you’re a seasoned coin collector or a newcomer to the hobby, these rare quarters represent an opportunity to own a piece of American history.
FAQs
What makes the 1932-D Washington Quarter so valuable?
The 1932-D Washington Quarter is valuable due to its low mintage of 436,800 coins, its historical significance, and the scarcity of high-quality examples. Coins in MS65 or higher grades can sell for up to $80,000.
How can I identify a 1932-S Washington Quarter?
Look for the “S” mintmark on the reverse of the coin, beneath the eagle’s tail feathers. This indicates the coin was minted in San Francisco.
Why is the 1932-S Washington Quarter worth more than other quarters?
The 1932-S Washington Quarter is rarer, with only 408,000 coins minted. Its low mintage, combined with high demand among collectors, makes it worth up to $90,000 in high grades.
