The 1932-D Washington Quarter holds a special place in the world of coin collecting. It marks the beginning of the Washington Quarter series, which was initially created to honor George Washington’s 200th birthday. Released in 1932, the coin’s design has become iconic and stayed largely unchanged for 67 years, until the introduction of the 50 State Quarters in 1999.
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A Look at Mintage and Popularity
During its release, the U.S. was going through the Great Depression. This economic hardship meant that not as many quarters were produced as in later years, making the 1932-D quarter a key date for collectors. The Denver Mint produced only 436,800 of these quarters, which is one of the lowest mintages of any coin in the series.
Initially, collectors didn’t show much interest in the design. The lack of immediate popularity meant many of these coins ended up in circulation. Over time, though, as more people started to collect coins, the surviving pieces became rarer, especially those in higher grades.
What Makes the 1932-D Quarter Special?
The 1932-D quarter is highly valued because of its limited mintage and its condition. Coins in lower grades (like Fine or Very Fine) are easier to find and generally sell between $50 and $200. However, coins in higher grades, especially Mint State examples (MS60 and above), can be worth thousands.
For example, a coin graded at MS65 (which is almost perfect) can fetch prices between $7,000 to $15,000 at auctions. One of the most famous examples, graded at MS66, was sold for an incredible $143,750 in 2008. Even though a similar coin sold for a lower amount in recent years, it still showcases how valuable these coins can be.
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Why Condition Matters
When it comes to coin collecting, condition is everything. Most 1932-D quarters that survived were circulated, meaning they have wear and tear. Finding an example in Mint State, where the coin has not been used, is rare and significantly increases its value.
For collectors, a coin in MS65 or higher is a prize. There are only 136 examples certified in MS65 or higher, making them extremely rare and desirable. Even slight differences in the grade can make a huge difference in price, with MS65+ coins reaching up to $25,000.
The Iconic Design
Designed by John Flanagan, the Washington Quarter features a portrait of George Washington on the front (or obverse) based on a sculpture by Jean-Antoine Houdon. The back (or reverse) shows an eagle with its wings spread, perched on a bundle of arrows and olive branches, symbolizing strength and peace.
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Conclusion
For anyone interested in coin collecting, the 1932-D Washington Quarter is a significant piece of history and a potential investment. Its low mintage, rarity in high grades, and fascinating background make it a key date for collectors. Whether you’re just starting out or have been collecting for years, this quarter is one you’ll want to add to your collection.