It’s like clutching a piece of history when you own a rare coin, and it’s even more exciting when that coin may get up to $95,000. The Denver and San Francisco-minted 1932-D and 1932-S Washington quarters are among the most precious coins. Because of their rarity, historical relevance, and stellar auction histories, collectors highly value these quarters.
If you’re interested in these coins, want to know what makes them so valuable, or believe you may have one in your collection, here is all you need to know about their history, rarity, and identification.
The Washington Quarter’s Inception
1932, the Washington Quarter was first used to commemorate George Washington’s 200th birthday. Originally intended to be a one-time commemorative coin, the design became well-liked and a permanent feature of U.S. coinage. John Flanagan, a sculptor, created the coin’s Washington profile, which is still featured on quarters today, albeit with minor adjustments throughout time.
In 1932, three mints Philadelphia, Denver, and San Francisco produced quarters. These coins were unusual and sought-after from the beginning because, although Philadelphia produced a lot of them, only 436,800 were produced in Denver (designated with a “D”) and 408,000 in San Francisco (designated with an “S”).
The 1932-D and 1932-S Quarters: Why Are They So Worth It?
The 1932-D and 1932-S Washington quarters are highly valued due to several characteristics, particularly when they are in high-grade condition:
- Low Mintage: There is still a shortage of quarters since the Denver and San Francisco mints produced far fewer than the Philadelphia mint.
- Historical Significance: These coins commemorated a significant American figure by introducing Washington’s picture on the quarter.
- Demand from Collectors: These 1932-D and 1932-S quarters are regarded as “key dates” necessary to finish a collection, and collectors like the Washington quarter series.
- Grade and Condition: Higher-quality coins, such as MS65 and above, are much harder to find. A coin’s precise grade and worth may be ascertained by professional grading by organizations such as PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation), with premium pieces fetching record prices at auction.
Given these considerations, a well-preserved 1932-D or 1932-S Washington quarter can fetch tens of thousands, if not more, up to $95,000.
Recognizing the Quarters 1932-D and 1932-S
Are you unsure if you possess one of these priceless coins? What to look for is as follows:
- Obverse Design: Locate George Washington’s profile, which has the year “1932” below and the word “Liberty” above.
- Mint Mark Location: Turn the coin over and look for the mint mark on the reverse, behind the feathers of the eagle’s tail. Denver is denoted with a “D,” and San Francisco by an “S.” If it has no mint mark, it was minted in Philadelphia.
- Condition: The value of a quarter is higher if it is in excellent condition with few dings, scratches, or markings. Expert grading is advised if you think you have a 1932-D or 1932-S quarter to confirm authenticity and assess condition.
Notable Auction Sales and Current Market Values
High-grade 1932-D and 1932-S quarters have set impressive records at auction:
| Coin Type | Mint Mark | Grade | Auction Sale Price |
|---|---|---|---|
| 1932-D | Denver | MS66 | Over $90,000 |
| 1932-S | San Francisco | MS65 | Around $80,000 |
| 1932-D | Denver | MS65 | $50,000 – $70,000 |
| 1932-S | San Francisco | AU58 | $15,000 – $25,000 |
The combination of rarity, historical value, and high demand continues to make these coins a strong investment choice for collectors.
Rare Quarters’ Investment Potential
Rare coins such as the 1932-D and 1932-S quarters are collectibles but also have the potential to be investments.
Their value has generally increased, but coin values are subject to change based on market conditions like any investment. These quarters’ rarity and historical importance make them more appealing to seasoned collectors.
FAQs
Q1: What is the current value of a 1932-D or 1932-S Washington quarter?
The coin’s condition determines its worth. While a high-grade coin with expert grading might be valued anywhere from $20,000 to $95,000, a coin in worn condition might only be worth a few hundred dollars.
Q2: How can I determine whether my quarter is 1932-D or 1932-S?
To find the mint mark, look at the coin’s reverse side, directly behind the eagle’s tail feathers. A “D” indicates that it was struck in Denver, whereas a “S” indicates that it originated in San Francisco. Below Washington’s profile, the date “1932” ought to be on the front.
Q3: What distinguishes these Washington quarters from others?
These quarters are unusual since their mintages are significantly less than those of other Washington quarters. They are also more desirable because of their historical value as the original Washington quarters.
Q4: If I come upon a valuable quarter, how should I treat it?
To prevent fingerprints or scratches that might lower the coin’s value, handle it by its edges. Avoid cleaning the coin as it may lose value. It is advised to get it graded by a professional to ascertain its authenticity and condition.
Q5: If I have a 1932-D or 1932-S quarter, where can I sell it?
Reputable online markets, large auction houses like Stack’s Bowers or Heritage Auctions, and dealers of rare coins are all excellent choices. Due to aggressive bidding, an auction may give the greatest price for high-grade coins.
Owning a 1932-D or 1932-S Washington quarter may be a source of pride and a wise investment. If you believe you might have one, make sure it’s real and treat it with care. If handled properly, a rare quarter may be an amazing addition to any coin collection or a wise investment in American history.