The 1932-S Washington Quarter, minted at the San Francisco Mint, holds a prominent place in the world of rare coins. Known for its low mintage and high demand, it is considered one of the most sought-after quarters in the Washington series.
This coin is highly valuable among collectors due to its historical significance and rarity. From its origins to its current market value, understanding the details of this coin can help enthusiasts appreciate its importance.
History Of The 1932-S Washington Quarter
The Washington Quarter was introduced in 1932 to commemorate George Washington’s 200th birthday. Designed by sculptor John Flanagan, the quarter became an immediate success.
While most quarters were produced for circulation, the 1932-S edition had an unusually low production number, making it one of the rarest coins in the series.
- San Francisco Mint struck only 408,000 coins, the lowest mintage among all Washington Quarters.
- This limited production was due to the Great Depression, which reduced the demand for new coins.
Because of this small release, the 1932-S quarter became a collector’s item shortly after its issuance.
Key Features Of The 1932-S Washington Quarter
The 1932-S Washington Quarter stands out for several reasons. Here are the key characteristics of this rare coin:
- Obverse: Features a portrait of George Washington with the word “LIBERTY” inscribed above.
- Reverse: Displays a bald eagle perched on a bundle of arrows with olive branches below.
- Mintmark: Located on the reverse below the eagle’s tail feathers, the “S” indicates the San Francisco Mint.
- Designer: John Flanagan.
- Material: Made of 90% silver and 10% copper.
- Weight: 6.25 grams.
- Diameter: 24.3 mm.
Rarity And Value Of The 1932-S Washington Quarter
The rarity of the 1932-S Washington Quarter plays a critical role in its market value. With such a low mintage of only 408,000 coins, the quarter has become highly desirable among numismatists.
The condition of the coin significantly influences its price:
| Condition | Estimated Value |
|---|---|
| Good (G-4) | $100 – $125 |
| Fine (F-12) | $200 – $250 |
| Extremely Fine (EF-40) | $500 – $700 |
| Mint State (MS-60) | $1,000 – $1,500 |
| Mint State (MS-65) | $5,000 – $10,000 |
Collectors often pay premiums for quarters with exceptional luster, sharp strikes, and minimal wear. Coins graded MS-65 or higher are particularly rare and command high prices in auctions.
Why Is The 1932-S Washington Quarter Highly Sought After?
Several factors contribute to the popularity of the 1932-S Washington Quarter:
- Low Mintage: With just 408,000 coins minted, it holds the lowest mintage record for Washington Quarters.
- Historical Importance: Issued during the Great Depression and as a tribute to Washington’s bicentennial.
- Silver Content: The coin contains 90% silver, adding intrinsic value to its worth.
- Collector Appeal: High demand from both beginners and seasoned numismatists ensures strong competition for this coin.
Tips For Collecting The 1932-S Washington Quarter
- Authenticity: Verify the coin’s authenticity before purchasing, as counterfeits do exist.
- Grading: Get the coin graded by professional services like PCGS or NGC for accurate value.
- Storage: Store in airtight holders to prevent damage.
- Market Trends: Monitor the coin market for fluctuations in value.
Conclusion
The 1932-S Washington Quarter is a prized addition to any coin collection. With its low mintage and historical significance, it continues to captivate collectors worldwide.
Whether you’re a novice or an experienced numismatist, owning this rare quarter is both a privilege and a sound investment.
FAQs
1. Why is the 1932-S Washington Quarter so valuable?
The coin’s low mintage of just 408,000 and historical significance make it highly sought after by collectors.
2. How can I identify a 1932-S Washington Quarter?
Check the reverse of the coin for the “S” mintmark below the eagle’s tail feathers.
3. What is the current value of a 1932-S Washington Quarter?
Depending on its condition, the value can range from $100 in Good condition to over $10,000 in Mint State (MS-65).
4. Where was the 1932-S Washington Quarter minted?
It was minted at the San Francisco Mint, as indicated by the “S” mintmark.
