Coin Specifications

Category: Washington Quarters (1932-1998)
Mint: Denver
Mintage: 436,800
Obverse Designer: John Flanagan
Reverse Designer: John Flanagan
Composition: Silver
Fineness: 0.9000
Weight: 6.2500g
ASW: 0.1808oz
Melt Value: $2.91 (2/23/2019)
Diameter: 24.3mm
Edge: Reeded
Link to this coin

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

The 1932 quarter dollars were not needed for commerce at the time, as business activity was at its nadir that year. These coins were produced as commemorative issues that would, eventually, enter general circulation. All three mints struck Washington Quarters, but production at the Denver and San Francisco Mints was limited to the potential number of collectors desiring three-piece sets. This number was really around 15,000-20,000, but such low mintages would have resulted in the coins selling at a premium from the very start, something the Treasury wished to avoid for fear of criticism. Indeed, the San Francisco Mint had been ordered to resume striking unneeded nickels the year before, when it was discovered in Washington that a mere 194,000 pieces were coined early in 1931. Thus it was that just over 436,000 quarters were coined at the Denver Mint in 1932, a number sufficient to curb speculation at the time. No one could have imagined that millions of persons would be added to the roster of coin collectors a generation later, which led to the hoarding of 1932-D quarters and rapid price increases.

It appears that most of this mintage did enter circulation, probably in 1934 when production resumed at Denver. Mint State examples are scarce, though not truly rare. Gems, however, are quite rare, and few coins have been certified as MS 65 or higher. Worn specimens are plentiful, particularly in the lower grades. Most MS survivors are well struck and have satiny or finely frosted luster. Nicely toned examples are rare and carry significant premiums.

The Small D mintmark used 1917-34 is the only style seen for this date, as the Large D did not debut until the cent coinage of 1933. It is often seen with strike doubling after its lower edge, and this can contribute to the authentication of 1932-D quarters. Many Philadelphia Mint coins have had a D mintmark applied to them, and this is often of the wrong style for the date.

GRADE SUMMARY

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Price Guide

Last Updated: 2/22/2019

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

1932 D 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 90.00 134 164 190 240 385 480 550 800 1050 1100 1300 1830 2700 9250 110000 - - - -
$ 270 410 500 600 875 - 1250 1500 2200 3450 24500 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 4329
Low Grade: PrAg
Average Grade: 45
High Grade: 66

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.
NGC CENSUS DETAIL Last Updated: 2/18/2019 1932 D 25C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base38140232024840715127214118227449113158397245223231----4329
---------------2------2
-------------145------10
-----------------------
Total38140232024840715127214118227449113158398249230231----4341
 9 %9 %7 %6 %9 %3 %6 %3 %4 %6 %11 %0 %4 %9 %6 %5 %1 %0 %---- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
3/5/2002 PCGS MS 64   Heritage Auctions Exclusively Internet Auction #22032, 22032/Lot# 13203 $3,105.00
3/6/2005 PCGS XF 40   Teletrade Auction 2009, 2009/Lot# 1206 $253.00
2/5/2006 NGC MS 62   Goldberg February 5-8, 2006 Pre-Long Beach Coin and Currency Auction, 34/Lot# 786 $2,185.00
12/22/2008 NGC G 4   David Lawrence Rare Coins Monday - Internet Auction # 312, 318/Lot# 937 $138.00
3/4/2012 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 03/04/2012, 10/Lot# 39665 $220.00
7/12/2012 NGC AU 55   Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(4), 1172/Lot# 8341 $345.00
12/5/2014 PCGS AU 58   Stack's Bowers iAuction 3511, 6080/Lot# 20207 $470.00


NGC Registry

NGC Registry Score 1932 25C MS D
 PrAgGVGFVF4045505355586061626364656667686970
Base2883304374895977058659661110120615051753188619692352286049921257113112163531886620153
3023664545256337588991014114213061588179719142097252135717518127511419217191192950
000000899101411421306158817971914209725213571751812751141921719100
0000009321062117414051670184219412224269142811004512932152731802800
Registry Image Gallery
Grade: MS 64
Points: 2860
Owner: Revenant
 
Grade: MS 62
Points: 1969
Owner: Daniel McMunn
 
View the Registry Image Gallery

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