More than just coins, the 1932-D and 1932-S Washington Quarters are priceless artifacts from American history. Because of their rarity and historical significance, excellent examples may fetch remarkable prices, frequently reaching from $80,000 to $90,000 or more, depending on their condition and grade.
Historical Importance
The Washington Quarter debuted in 1932, the 200th anniversary of George Washington’s birth. Originally designed as a commemorative coin for a single year, its popularity rapidly led to its continuous manufacture. John Flanagan’s design won a nationwide competition because it respectfully represented Washington.
That year, the coins were struck in San Francisco, Denver, and Philadelphia. The 1932-D and 1932-S quarters are extremely rare since the Philadelphia Mint produced many coins while the other two mints produced many fewer. These coins, of which only 436,800 were struck in Denver and 408,000 in San Francisco, are now highly prized by collectors.
Value and Rarity
The great value of these quarters is mostly due to the low manufacturing quantity. In numismatics, a coin’s value is significantly influenced by its quality, demand, and scarcity. The 1932-D and 1932-S quarters are particularly sought-after because they are important dates in the Washington quarter series.
Tens of thousands of dollars are frequently the selling price of high-grade coins, especially those verified by reputable grading organizations such as the PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation).
Specimens with an MS65 rating or higher may easily fetch between $80,000 and $90,000, and their value could rise even more if demand keeps increasing.
Value-Related Factors
Many important factors determine the value of the 1932-D and 1932-S Washington Quarters:
| Factor | Description |
|---|---|
| Condition | Coins in pristine, uncirculated condition with minimal wear are the most valuable. |
| Mint Mark | The mint marks “D” (Denver) and “S” (San Francisco) are located on the reverse side. |
| Eye Appeal | A coin’s aesthetic qualities, such as luster and overall appearance, play a significant role. |
| Market Demand | The coin market can be volatile, but these iconic quarters generally retain and appreciate in value. |
The Washington Quarter Series’ Allure
The Washington Quarter series appeals to collectors because of its aesthetic appeal and historical value. It was the first U.S. quarter to show a president, changing the coin design concept and opening the door for subsequent coins that honored significant Americans. As the series has developed, it has become a favorite among collectors of all skill levels.
Prominent Sales and Auction Outcomes
The exceptional prices that high-grade 1932-D and 1932-S quarters have brought at auction demonstrate how desirable they are.
- Heritage Auctions: This well-known auction house has sold several excellent specimens for record prices. In 2020, for example, a 1932-D graded MS66 sold for more than $80,000.
- Stack’s Bowers: Another significant participant in the auction market is Stack’s Bowers, whose top-graded coins have been sold for up to $90,000.
Possibility of Investment
The 1932-D and 1932-S Washington Quarters are physical investments with historical value for both investors and collectors. These quarters have continuously demonstrated value retention and appreciation despite the fact that the coin market is subject to fluctuations.
Due to their historical significance and low mintage, they are a prudent addition to any numismatic collection. It might be difficult to locate coins verified by reliable sources and satisfy strict grading standards.
FAQs
1. Why are the Washington Quarters of 1932-D and 1932-S so valuable?
Their value is mostly determined by their scarcity, historical significance as first-year issues, and strong collector demand.
2. How can I tell whether a 1932-D or 1932-S Washington Quarter is authentic?
Look for coins verified by PCGS or NGC and buy from reliable vendors or large auction houses.
3. Where can I get a Washington Quarter in 1932-D or 1932-S?
Although these coins are uncommon, reputable coin dealers and large coin auctions like Heritage Auctions or Stack’s Bowers are excellent sources.
4. In lower grades, how much are these quarters worth?
Lower-grade coins can sell for $500 to $5,000 depending on their condition, while high-grade examples might reach $80,000 or more.
5. Does buying rare quarters like the 1932-D and 1932-S come with any risks?
Indeed, there are dangers, such as fake coins and market swings, so it’s crucial to purchase from reliable vendors and ensure the coins are verified.
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