The 1932-D and 1932-S Washington Quarters are two of the most sought-after coins in American numismatics. Minted in limited numbers during the Great Depression, these coins are prized for their rarity, historical significance, and timeless design. Whether you’re an experienced numismatist or a casual enthusiast, these quarters represent a fascinating chapter in U.S. coinage.
The Origins of the 1932 Washington Quarter
The Washington Quarter was introduced in 1932 to commemorate the 200th anniversary of George Washington’s birth. It replaced the Standing Liberty Quarter, marking the start of a new era in U.S. coinage.
Key Details:
- Designer: John Flanagan, whose portrait of Washington and the imperial eagle motif have become iconic.
- Economic Context: The Great Depression severely limited the need for new coinage, resulting in very low mintages at the Denver and San Francisco Mints.
- Mintage Numbers:
- Denver (D): 436,800 coins.
- San Francisco (S): 408,000 coins.
- Philadelphia (No Mint Mark): 5,404,000 coins, making it far more common.
Features and Design
| Side | Details |
|---|---|
| Obverse | Right-facing portrait of George Washington, “LIBERTY,” and “IN GOD WE TRUST.” |
| Reverse | Imperial eagle perched on bundled arrows with olive branches on either side. |
This elegant design reflects a balance of simplicity and symbolism, adding to the coin’s enduring appeal.
Value of the 1932-D and 1932-S Quarters
| Mint Location | Mintage | Approximate Value (VG-8 Grade) |
|---|---|---|
| Denver (D) | 436,800 | $175 |
| San Francisco (S) | 408,000 | $180 |
| Philadelphia (No Mint Mark) | 5,404,000 | $8 |
Factors Influencing Value:
- Low Mintage: The small number of coins produced at the Denver and San Francisco Mints makes them rare.
- Condition: Coins in higher grades, such as MS65 or higher, command significantly higher prices.
- Historical Significance: As the inaugural year of the Washington Quarter series, these coins hold a special place in U.S. history.
- Auction Records:
- A 1932-D in MS66 sold for $143,750 in 2008.
- A 1932-S in PCGS MS66 fetched $45,500 in 2020.
Tips for Collectors
- Authenticate Your Coins
With their high value, 1932-D and 1932-S quarters are often counterfeited. Professional grading services like PCGS or NGC can certify authenticity and assign a grade, which is crucial for establishing value. - Understand Coin Grading
Coins are graded on a scale of 1 to 70. Higher grades, particularly MS65 and above, can dramatically increase a coin’s worth. Seek expert assistance if needed. - Monitor Market Trends
Follow auction results and market updates to stay informed about the value of these coins and potential opportunities for acquisition or sale. - Invest in High-Quality Examples
High-grade coins tend to appreciate more over time, making them a worthwhile investment for long-term collectors.
Why These Coins Matter
The 1932-D and 1932-S Washington Quarters are much more than collectible coins. They symbolize resilience during the Great Depression and mark the beginning of the Washington Quarter series, one of the most popular coin series in U.S. history. Their rarity and beauty make them essential for any serious collector.
Whether found in an auction or inherited, owning one of these quarters is a tangible connection to America’s past and a testament to the artistry and craftsmanship of early 20th-century coinage.
FAQ’s
Both coins had extremely low mintages during the Great Depression—only 436,800 and 408,000, respectively.
In VG-8 grade, the 1932-D is valued at around $175, and the 1932-S at $180. Higher grades can command significantly higher prices, with some reaching over $100,000.
Submit the coin to a professional grading service like PCGS or NGC for authentication. Look for clear mint marks and avoid coins with altered dates.
No, cleaning can damage the coin’s surface and reduce its value. Always handle coins with care and store them in protective holders.
Reputable coin dealers, auction houses, and online marketplaces like Heritage Auctions or eBay are good options for selling rare coins.