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: $4.58 (4/10/2021)
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: 7/20/2020

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

1932 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 7.50 8.50 9.00 10.00 12.50 16.00 17.50 21.00 22.50 31.00 35.00 45.00 60.00 95.00 250 975 15000 - - -
$ - - - - - - - - - 130 350 1950 - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 2331
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: 4/6/2021 1932 25C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base342296221535942161592714276673831069---2331
---------------175----13
---------------547----16
-----------------------
Total342296221535942161592714276733941189---2360
 0%0%0%0%0%0%1%1%1%4%9%0%3%11%18%29%17%5%0%--- 

NGC Registry

NGC Registry Score 1932 25C MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base28373737373750638198111119135167265389824169640645986930711586
31373737374154698610211312414519930653411142485470470931006612165
000000546986102113124145199306534111424854704709300
000000587592106116129156232347679140532745345820000
1932 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base24283232375054637285941271391832373667251683578394311020511047
2529323441515766768810513115420128048610443050699996891048611599
00000057667688105131154201280486104430506999968900
00000060698191116135168219323605136444168215994700
Registry Image Gallery
Grade: MS 67
Points: 5783
Owner: erwindoc
 
Grade: MS 66
Points: 1683
Owner: Daniel McMunn
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.