Among quarters issued in America, none surpass the status of 1932-D and 1932-S Washington quarters as being the most iconic. With low mintage, rarity, and historical significance, these quarters stand at a whole pedestal altogether from the world of numismatics. Let’s cut into what makes these coins exceptional, the value, and some tips to help collectors.
Historical Context
The Washington quarter was introduced in 1932 to commemorate the 200th anniversary of George Washington’s birth, replacing the Standing Liberty quarter.
Designer: John Flanagan, who is famous for his image of Washington’s profile with a heraldic eagle.
Economic Conditions: The Great Depression reduced the requirement for new coins, and so the minting was low during this period especially at Denver and San Francisco.
Mintage Figures
The Washington quarters of the year 1932 were minted at three mints, but the Denver and San Francisco mints are exceptional due to the low mintage.
| Mint Location | Mintage | Approximate Value (VG-8 Grade) |
|---|---|---|
| Philadelphia (No Mint Mark) | 5,404,000 | $8 |
| Denver (D) | 436,800 | $175 |
| San Francisco (S) | 408,000 | $180 |
Note: The value depends upon the market trend and condition of coins.
Design Elements
Smallest and handsome capture by John Flanagan design:
- Obverse:
- RIGHT-FACING GEORGE WASHINGTON PORTRAIT WITH “LIBERTY AND THE MOTTO “IN GOD WE TRUST.”
- Reverse
- Heraldic eagle perched atop a bundle of arrows. The olive branches are on the sides, and the inscriptions read “UNITED STATES OF AMERICA” and “QUARTER DOLLAR.”
Driving Factors for Value
Factors that contribute toward the value of 1932-D and 1932-S quarters include these:
- Low Mintage: At all of the two locations, 500,000 were produced. And hence, much rarer coins than other problems in the issue.
- Historical Significance: Because 1932 marked the first year of the Washington quarter series, the date is very important for collectors.
- Condition: Coins in high grades, such as Mint State, are extremely rare and bring high prices.
- Collector Demand: Because of their place in the Washington quarter series, these coins are perennial favorites among numismatists.
Auction Highlights
These dates have brought high prices at auction, especially in higher grades:
1932-D: A specimen graded MS66 by PCGS brought $143,750 in 2008. It is a record for the date.
1932-S: A PCGS MS66 sold in an online 2020 auction for $45,500
Collecting Tips
For those wishing to acquire these pieces, keep in mind the following tips:
- Authentication: Due to their value, counterfeit 1932-D and 1932-S quarters are common. Always buy coins certified by trusted grading services such as PCGS or NGC.
- Condition Matters: Learn about grading standards or consult experts to assess condition accurately, as small differences can significantly affect value.
- Research the Market: Stay updated on market trends and recent auction results to make informed purchasing decisions.
- Budget for Quality: Investing in a higher-grade coin often ensures better long-term value appreciation.
Why These Coins Matter
The 1932-D and 1932-S Washington quarters are more than just coins. They represent the connection to an American history characterized by hardship yet transformation. The 1932-D and 1932-S are rare and historic, thus treasured in a collection by a seasoned numismatist and newcomer alike.
Whether you want to fill a Washington quarter set or you just appreciate the historical appeal, these coins are ageless treasures commemorating George Washington’s legacy.
FAQs:
Why are the 1932-D and 1932-S quarters valuable?
Their low mintages and historical significance make them rare.
How many 1932-D quarters were minted?
Only 436,800 were produced at the Denver Mint.
