If you’ve ever dropped a quarter and noticed it sounds different, you might have found a Washington silver quarter! Many people wonder if these quarters are rare and how much they are worth. This article explores the value of Washington quarters minted between 1932 and 1964, which are made of 90% silver. These coins are popular among collectors and can be quite valuable.
History of the Washington Quarter
The Washington quarter was the first commemorative coin that circulated in the United States. Its story starts in 1931 when the Treasury Department wanted to celebrate George Washington’s 200th birthday. They initially planned to design a half dollar coin, but Congress decided to put Washington’s image on the quarter instead.
The design was created by engraver John Flanagan, and the first coins were minted in 1932. Although the Mint did not produce quarters in 1933 due to the Great Depression, they resumed production in 1934 and have continued using the Washington design.
Market Analysis of Washington Quarters
Quarters minted between 1932 and 1964 contain 90% silver, which means that even worn-out coins can be worth their silver value. However, certain coins from this period are especially valuable to collectors. If you find any of the following dates or mint marks in your pocket change, they may be worth a lot more than face value:
- 1932-D
- 1932-S
- 1950-D D over S (RPM)
- 1950-S S over D (RPM)
Be careful, as many coins are counterfeit or altered. Always check with a trusted coin dealer to confirm the value of your find.
Condition or Grade Examples
To understand the value of a Washington quarter, you need to know how to grade its condition. There are two main grades:
- Circulated Coin: This coin shows signs of wear and looks used.
- Uncirculated Coin: This coin has never been in circulation and looks brand new.
The difference in condition greatly affects the value of the quarter.
Mint Marks
Washington quarters were produced at three different mints:
- Philadelphia (no mint mark)
- Denver (D)
- San Francisco (S)
You can find the mint mark on the back of the coin, below the wreath, and above the “R” in QUARTER.
Washington Quarters Average Prices and Values
The table below shows average prices and values for Washington quarters based on their condition. The first column lists the date and mint mark, followed by the buying price and selling price for circulated quarters. The table then lists prices for uncirculated quarters.
Average Prices Table
| Date & Mint | Circulated Buy | Circulated Sell | Uncirculated Buy | Uncirculated Sell |
|---|---|---|---|---|
| 1932 | $9.00 | B.V. | $39.00 | $29.00 |
| 1932-D * | $80.00 | $40.00 | $1,200.00 | $950.00 |
| 1932-S * | $80.00 | $40.00 | $590.00 | $450.00 |
| 1934 | $8.00 | B.V. | $28.00 | $20.00 |
| 1936-D | $9.00 | B.V. | $670.00 | $500.00 |
*B.V. = Bullion Value
Bullion Value Calculation
For quarters minted in 1964 or earlier, you can estimate their value by calculating their silver content. Here’s a simple way to calculate the bullion value of a silver quarter:
- Determine the current price of silver per ounce.
- Know that a quarter contains approximately 0.18 ounces of silver.
- Multiply the price of silver by 0.18 to find the bullion value of the quarter.
Conclusion
Understanding the value of Washington quarters can be both exciting and rewarding. With the right knowledge, you can determine whether the quarters you find are valuable collectibles. Remember to check for key dates and mint marks that can increase the worth of your coins. Always consult with a reputable dealer to ensure you get the best price. Collecting coins can be a fun hobby, and finding rare quarters in your change adds a thrilling element to the search. Whether you are starting a collection or simply curious about your coins, knowing the history and value of Washington quarters is essential.
FAQ’s
What is the value of a 1932 Washington quarter?
The value of a 1932 Washington quarter can vary, but circulated ones generally start around $9.00, while uncirculated examples can be worth much more, especially if they are the 1932-D or 1932-S.
How can I tell if my Washington quarter is uncirculated?
An uncirculated quarter will have no signs of wear, scratches, or tarnish. It should look brand new, as if it just came from the mint.
Why are some Washington quarters more valuable than others? tell if I have a rare Sacagawea dollar?
Certain Washington quarters are rarer because they were produced in lower quantities or have special mint marks. Collectors often pay a premium for these coins.
How do I find out the current silver price for my quarters?
You can check the current price of silver through various financial news websites or resources that track precious metal prices.
Should I clean my Washington quarters?
It’s best not to clean coins, as this can reduce their value. Always handle them carefully and store them in a safe place to maintain their condition.