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: $3.12 (5/25/2017)
Diameter: 24.3mm
Edge: Reeded
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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: 3/3/2015

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

1932 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 8.25 8.50 9.00 9.50 10.50 15.50 16.50 19.50 22.50 31.00 35.00 45.00 65.00 95.00 315 1450 41500 - - -
$ - - - - - - - - - 130 575 4000 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2038
Low Grade: PrAg
Average Grade: 62
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
12/21/2004 PCGS MS 64   Heritage Auctions Exclusively Internet Auction #24124, 24124/Lot# 13311 $72.45
12/20/2006 PCGS MS 64   Teletrade Auction 2302, 2302/Lot# 1206 $89.60
2/10/2008 PCGS MS 65   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 2117 $368.00
4/15/2012 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 04/15/2012, 18/Lot# 46672 $59.40
11/29/2012 NGC MS 66   Heritage Auctions 2012 November 29 - December 2 US Coin Signature Auction - Houston Session(4), 1177/Lot# 8920 $940.00
1/20/2013 PCGS MS 66   David Lawrence Rare Coins Internet Auction # 735, 744/Lot# 1133 $850.00
6/5/2013 NGC MS 66   Heritage Auctions 2013 June 5 - 9 US Coin Signature Auction - Long Beach Session(2), 1186/Lot# 4069 $881.25
7/11/2014 NGC MS 65   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5852 $158.63


NGC Registry

NGC Registry Score 1932 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base2432323237414163678194127143183255351838196992345656884911047
27323234384148647285105132156207287513121543919234672095820
00000048647285105132156207287513121543919234672000
00000056667690116138170231319676159268129234778500
1932 25C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base28373737373750638198111119135167265389824169640645986930711586
3137373737415469861021131241451993065341114248547047093100660
000000546986102113124145199306534111424854704709300
000000587592106116129156232347679140532745345820000
Registry Image Gallery
Grade: MS 66
Points: 1969
Owner: Daniel McMunn
 
Grade: MS 66
Points: 1969
Owner: Daniel McMunn
 
View the Registry Image Gallery

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