Washington quarters, first minted in 1932 to honor the 200th anniversary of George Washington’s birth, have become a cornerstone for numismatists. While many are common, certain rare specimens have fetched prices exceeding $500,000 at auctions.
This article delves into these hidden gems, exploring their unique characteristics and the factors contributing to their immense value.
Understanding Washington Quarters
The Washington quarter features the profile of George Washington on its obverse and an eagle on the reverse. Initially composed of 90% silver and 10% copper, the composition shifted to a copper-nickel clad in 1965. Over the years, various designs and mint marks have been introduced, each influencing the coin’s rarity and value.
Top Washington Quarters Worth Over $500,000
Below is a table highlighting some of the most valuable Washington quarters:
| Year | Mint Mark | Mintage | Notable Features | Estimated Value |
|---|---|---|---|---|
| 1932 | D | 436,800 | First-year issue; low mintage | Over $500,000 in mint condition |
| 1932 | S | 408,000 | First-year issue; low mintage | Over $500,000 in mint condition |
1932-D Washington Quarter
The 1932-D Washington Quarter is particularly esteemed due to its low mintage of 436,800 coins. As the inaugural year of the Washington quarter series, coins from this year are highly sought after. In pristine mint state (MS-65 or higher), these quarters have been known to command prices exceeding $500,000 at auction.
1932-S Washington Quarter
Similarly, the 1932-S Washington Quarter boasts a low mintage of 408,000 coins, making it a rare find for collectors. High-grade specimens in mint condition can also fetch prices over $500,000, reflecting their scarcity and desirability.
Factors Influencing Value
Several factors contribute to the high value of these quarters:
- Mintage Numbers: Lower mintage often equates to higher rarity.
- Condition: Coins in mint state (MS-65 or higher) are significantly more valuable.
- Historical Significance: Being part of the first year of the Washington quarter series adds to their allure.
- Mint Mark: Coins minted in Denver (‘D’) and San Francisco (‘S’) during 1932 are particularly rare.
Identifying Valuable Quarters
To determine if you possess one of these valuable quarters, consider the following:
- Check the Date and Mint Mark: Look for the year 1932 with a ‘D’ or ‘S’ mint mark on the reverse side.
- Assess the Condition: Coins with minimal wear are more valuable.
- Seek Professional Grading: Certification from a reputable grading service can authenticate and potentially increase the coin’s value.
Conclusion
While many Washington quarters are common, certain rare specimens from 1932, particularly those minted in Denver and San Francisco, can be worth over $500,000. Collectors should pay close attention to the year, mint mark, and condition of their coins, as these factors significantly influence value.
FAQs
What makes the 1932-D and 1932-S Washington quarters so valuable?
Their low mintage numbers and status as first-year issues contribute to their rarity and high value.
How can I determine the mint mark on my Washington quarter?
The mint mark is located on the reverse side of the coin, beneath the eagle.
Does the condition of the coin significantly affect its value?
Yes, coins in mint state (MS-65 or higher) are considerably more valuable than those with wear.
Should I get my coin professionally graded?
Professional grading can authenticate your coin and provide an accurate assessment of its condition, which can enhance its value.
Are there other valuable Washington quarters besides the 1932-D and 1932-S?
Yes, other quarters with low mintage, unique errors, or in exceptional condition can also be valuable, though perhaps not exceeding $500,000.
