Coin collecting is an exciting hobby that can sometimes lead to unexpected rewards, including finding coins worth much more than their face value. Among the most sought-after coins are the 1932-D and 1932-S Washington Quarters. These two rare quarters have become highly prized by collectors, with some selling for up to $140,000 at auctions. This article will guide you through identifying these valuable quarters, explaining their history, and helping you understand why they’re so valuable.
The 1932-D Washington Quarter
The 1932-D Washington Quarter is a key coin for collectors. Minted in Denver, this quarter has a low mintage, making it quite rare and valuable.
- Mintage: About 436,800 coins were made.
- Design: The front shows George Washington’s face, and the back shows an eagle with outstretched wings.
- Mint Mark: Look for the “D” mint mark below the wreath on the back.
- Value: A coin in poor condition can be worth around $100, but if it’s in mint condition, it can be worth up to $143,750.
The 1932-S Washington Quarter
The 1932-S Washington Quarter is also highly valuable. Produced at the San Francisco Mint, this coin is another rare find.
- Mintage: Only about 408,000 coins were made.
- Design: Just like the 1932-D, it features George Washington on the front and an eagle on the back.
- Mint Mark: The “S” mint mark is located beneath the wreath on the back.
- Value: In circulated condition, the coin is worth around $100, while one in mint condition can sell for up to $140,000.
How to Identify These Rare Quarters
If you’re wondering whether you have one of these valuable quarters, here are some simple steps to follow:
- Check the Date: Make sure the coin is from 1932.
- Look for the Mint Mark: Turn the coin over and check for the small “D” or “S” beneath the wreath.
- Check the Condition: Coins in better condition (less worn out) are usually worth more.
Factors That Affect Value
The value of these rare quarters can depend on several factors:
- Condition: Coins are graded from Poor (P-1) to Perfect Uncirculated (MS-70). The better the condition, the higher the price.
- Rarity: Fewer coins made means a higher value.
- Market Demand: If collectors are interested in a particular coin, the price can rise.
Value Estimates Based on Condition
| 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: Values are approximate and can change based on market trends.
Conclusion
Owning a rare coin like the 1932-D or 1932-S Washington Quarter can be both thrilling and profitable. If you believe you own one of these quarters, it’s best to have it professionally appraised to know its true value. And always remember, the condition of the coin is a key factor in how much it’s worth. So, handle your coins with care!
FAQ’s
What makes the 1932-D Washington Quarter valuable?
The 1932-D is rare because it was produced in limited numbers, and its minting location (Denver) makes it highly collectible.
How can I tell if my Washington Quarter is a 1932-S?
Look for the “S” mint mark below the wreath on the back of the coin.
Why is the condition of the coin important?
Coins in better condition are worth more because they have less wear and tear, making them more desirable to collectors.