The 1932-S Washington Quarter, minted at the San Francisco Mint, holds a special place in the realm of rare coins. With its low mintage and high demand, this coin has become one of the most coveted pieces in the Washington Quarter series. Its historical background and unique features make it a must-have for collectors.
Let’s look into its history, key details, rarity, and tips for collecting this exceptional coin.
History
The Washington Quarter was introduced in 1932 to commemorate George Washington’s 200th birthday. Designed by sculptor John Flanagan, the quarter quickly became a beloved coin in circulation.
However, the 1932-S edition stands out due to its remarkably low production.
- Mintage: Only 408,000 coins were struck, making it the rarest Washington Quarter ever minted.
- Reason for Low Production: The Great Depression led to reduced demand for new coins, limiting the San Francisco Mint’s output.
This low mintage turned the 1932-S Washington Quarter into a collector’s item almost immediately after its release.
Key Features
Several unique characteristics define the 1932-S Washington Quarter:
| Feature | Details |
|---|---|
| Obverse Design | Portrait of George Washington with “LIBERTY” above. |
| Reverse Design | Bald eagle perched on arrows, olive branches below. |
| Mint Mark | “S” located below the eagle’s tail feathers. |
| Material | 90% silver, 10% copper. |
| Designer | John Flanagan. |
| Weight | 6.25 grams. |
| Diameter | 24.3 mm. |
Rarity and Value
The 1932-S Washington Quarter’s low mintage of 408,000 coins makes it exceptionally rare. Its condition significantly impacts its market value, with collectors willing to pay premiums for well-preserved examples.
| 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 |
Coins in Mint State 65 (MS-65) or higher are particularly scarce and often command top-dollar prices at auctions. Quarters with sharp strikes, brilliant luster, and minimal wear are highly prized.
Why It’s Highly Sought After
Several factors contribute to the enduring popularity of the 1932-S Washington Quarter:
- Low Mintage: Its production run of 408,000 coins is the lowest in the Washington Quarter series.
- Historical Significance: Minted during the Great Depression as part of Washington’s bicentennial celebration.
- Silver Content: Contains 90% silver, giving it additional intrinsic value.
- Collector Demand: Coveted by both novice and experienced numismatists, ensuring ongoing interest and competition.
Tips for Collecting
If you’re considering adding the 1932-S Washington Quarter to your collection, keep these tips in mind:
- Verify Authenticity: Ensure the coin is genuine by consulting experts or using professional grading services like PCGS or NGC.
- Grading: A certified grade ensures accurate valuation and adds credibility when reselling.
- Proper Storage: Use airtight holders or coin capsules to prevent tarnishing or damage.
- Track Market Trends: Monitor the market for fluctuations in value and timing your purchase.
- Beware of Counterfeits: Low mintage coins like the 1932-S are often replicated. Confirm the coin’s authenticity before purchase.
The 1932-S Washington Quarter is more than just a coin; it’s a tangible piece of history that offers both historical and financial value. Its rarity and unique features make it a prized possession for collectors around the world. Whether you’re just starting your collection or adding to an extensive portfolio, this quarter is a rewarding investment in numismatics.
FAQs
What makes the 1932-S Quarter rare?
Its low mintage of 408,000 coins makes it exceptionally rare.
Where is the mint mark on the 1932-S Quarter?
The ‘S’ mint mark is located below the eagle’s tail feathers on the reverse side.
What is the value of a 1932-S Washington Quarter?
Its value ranges from $100 in Good condition to $10,000 in MS-65.
Who designed the 1932-S Washington Quarter?
It was designed by sculptor John Flanagan.
How should I store rare quarters?
Store them in airtight holders to prevent damage and tarnishing.
