Coin Specifications

Category: Washington Quarters (1932-1998)
Mint: Philadelphia
Mintage: 5,404,000
Obverse Designer: John Flanagan
Reverse Designer: John Flanagan
Composition: Silver
Fineness: 0.9000
Weight: 6.2500g
ASW: 0.1808oz
Melt Value: $3.19 (10/22/2019)
Diameter: 24.3mm
Edge: Reeded
Link to this coin

1932 25C MS obverse 1932 25C MS reverse
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Description & Analysis

In 1932 America was mired in the depths of the Great Depression, and there was absolutely no demand for additional quarter dollars. Nevertheless, the occasion of George Washington's birth bicentennial prompted Congress to authorized a circulating commemorative of this denomination. The Washington Quarter Dollar was placed into circulation August 1, 1932, and examples were coined at all three mints. Production at Denver and San Francisco was limited to a figure that would satisfy the potential demand from numismatists for complete three-piece sets, but Philadelphia coined more than 12 times as many pieces. This assured that there would plenty of coins for the benefit of non-numismatists seeking simply a souvenir of the occasion. No additional quarters were struck in 1933.

By 1934 the economy was showing signs of recovery, and this is when the 1932 quarters not already saved by collectors and the public finally entered general circulation. While worn pieces are thus common, enough were preserved to provide plenty of Mint State pieces up through the grade of MS 65. Examples in higher grades are scarce and highly prized. The typical 1932 quarter is well struck, though many shows signs of die erosion. Early strikes are satiny, which later ones have deeply frosted luster and granular surfaces. Coins having exquisite toning are available to the discriminating collector, as the arrangement of design elements on this coin type seems to have been particularly conducive to symmetrical coloration.

1932 quarters from all three mints were coined with broad, deep rims on their reverse. This hub was used only in 1932 and for the Light Motto 1934(P) quarters. Such coins performed very well in circulation, with both sides wearing at an equal rate. Later quarters had a shallow reverse rim and wore quite rapidly.

A nice doubled-die obverse variety is known for this issue. Doubling is plainly visible on Washington's nose, ear and queue. Very deceptive counterfeits of this date appeared in quantity during the 1970s. These are faintly prooflike, an unusual quality for this issue, but certification is still recommended for all Mint State 1932(P) quarters.

GRADE SUMMARY

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Price Guide

Last Updated: 5/31/2019

Click on a price to see historical prices, comparison charts and trends.

1932 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 7.95 8.80 9.45 11.00 13.50 16.20 17.55 21.00 22.50 31.00 34.00 45.00 61.00 100.00 300 1150 18750 - - -
$ - - - - - - - - - 130 425 2300 - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2219
Low Grade: PrAg
Average Grade: 62
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 10/22/2019 1932 25C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base24219620133184193154255415649379947---2219
---------------174----12
---------------443----11
---------------1------1
Total242196201331841931542554156553901017---2243
 0 %0 %0 %0 %0 %0 %1 %1 %1 %4 %9 %0 %2 %11 %19 %29 %17 %5 %0 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/30/2004 PCGS MS 65   Heritage Auctions Continuous Internet Auction #64111, 64111/Lot# 23474 $374.90
12/1/2008 PCGS MS 64   Teletrade Auction 2620, 2620/Lot# 1365 $50.00
1/30/2011 PCGS MS 66   Goldberg January 30 - February 3, 2011 The Pre-Long Beach Coin and Currency Auction, 62/Lot# 1389 $718.75
5/30/2012 PCGS MS 66   Heritage Auctions 2012 May 30- June 3 US Coins Signature Auction- Long Beach Session(4), 1171/Lot# 8526 $805.00
7/6/2014 NGC MS 62   GreatCollections GreatCollections Coin Auctions 07/06/2014, 188/Lot# 155091 $40.00
9/14/2014 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 09/14/2014, 192/Lot# 216007 $40.00
11/30/2014 PCGS MS 65   David Lawrence Rare Coins Internet Auction # 832, 841/Lot# 817 $220.00
3/10/2015 NGC MS 65   Stack's Bowers March 2015 Portland ANA, 6103/Lot# 1223 $164.50


NGC Registry

NGC Registry Score 1932 25C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base28373737373750638198111119135167265389824169640645986930711586
3137373737415469861021131241451993065341114248547047093100660
000000546986102113124145199306534111424854704709300
000000587592106116129156232347679140532745345820000
1932 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base24283232374150636781941271431832553518472087896894311020511047
252932343844546472851051321562072875161260438191229689104860
00000054647285105132156207287516126043819122968900
00000059667690116138170231319682167466749277994700
Registry Image Gallery
Grade: MS 67
Points: 8968
Owner: erwindoc
 
Grade: MS 66
Points: 2087
Owner: Daniel McMunn
 
View the Registry Image Gallery

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