This was the first year that Washington quarters were minted. These 1932 quarters have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1932 Quarter

Specifications

Type: Washington Quarter
Year: 1932
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18084 oz.
Total Weight: 6.25 grams
Current Silver Bullion Value: $3.05

The US minted the 1932 quarter with no mint mark and also the 1932 D quarter and 1932 S quarter. The mint mark, when present, can be found on the reverse side of the coin.

Series Location Quantity Minted
1932 Philadelphia 5,404,000
1932 D Denver 436,800
1932 S San Francisco 408,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $3.05 as of November 14, 2019. This melt value is calculated from the current silver spot price of $16.85 per ounce.

The 1932 quarter with no mint mark is worth around $8 in very good condition. In very fine condition the value is around $10. In extremely fine condition the value is around $11. In uncirculated condition the price is around $25 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $275.

The 1932 D quarter is worth around $110 in very good condition. In very fine condition the value is around $150 and in extremely fine condition the value is around $175. In uncirculated condition the price is around $1,100 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $8,500.

Lastly the 1932 S quarter is worth around $100 in very good condition. In very fine condition the value is around $130 and in extremely fine condition the value is around $150. In uncirculated condition the price is around $450 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,500.

Grading System

Very good- The date is clearly visible. Details on Washington's portrait are faint. Roughtly one half of the eagle's feathers are distinct.

Very fine- Most of the hair details are visible. The eagle's feathers are distinct.

Extremely fine- The hair lines look sharp. The only signs of wear are on the eagle's breast and at the top of the eagle's legs.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.

 

Sources:

The Red Book


See also:

1934 Quarter