Coin Specifications

Category: Washington Quarters (1932-1998)
Mint: San Francisco
Mintage: 408,000
Obverse Designer: John Flanagan
Reverse Designer: John Flanagan
Composition: Silver
Fineness: 0.9000
Weight: 6.2500g
ASW: 0.1808oz
Melt Value: $3.31 (1/27/2020)
Diameter: 24.3mm
Edge: Reeded
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1932 S 25C MS obverse 1932 S 25C MS reverse
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Description & Analysis

The 1932-S quarter has the honor of being the lowest mintage circulating issue of this coin series. The number coined is fairly close to the mintage of 1932-D quarters, as neither coin was needed in commerce at the time. The mints struck just enough to provide collectors with three-mint sets, plus an additional quantity to foil speculators. It was thought at the time that 400 thousand coins was a mintage that could never become rare, but rapid expansion of the coin collecting hobby after the mid 1930s soon prompted the hoarding of both 1932-D and 1932-S quarters in all grades.

For reasons unknown, the San Francisco edition has proved to be a bit more common in Mint State than its Denver cousin. Perhaps, it was the traditional allure of S-Mint coins that prompted collectors to set aside more of this issue. The number of gems is also higher than for 1932-D, though these coins are still quite scarce for such a popular series. Most survivors have satiny or frosty luster, and attractively toned pieces are highly prized. Worn examples are plentiful, and the premium for such coins was low until the 1950s, when the sheer number of coin collectors made any piece desirable.

Many "1932-S" quarters were created from their Philadelphia cousins during the 1950s and '60s, so certified authentication of this issue is mandatory.

GRADE SUMMARY

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Price Guide

Last Updated: 1/20/2020

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

1932 S 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 85.00 100.00 125 150 180 235 255 270 370 450 500 545 640 850 2300 25000 - - - -
$ 200 250 260 290 410 475 535 575 800 1180 6000 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 5427
Low Grade: PrAg
Average Grade: 53
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: 1/21/2020 1932 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base4729642433147321530215423341957213194557525591738----5427
---------------31-----4
--------------3161-----20
-----------------------
Total4729642433147321530215423341957213194557528610758----5451
 1%5%8%6%9%4%6%3%4%8%10%0%4%10%10%11%1%0%---- 

NGC Registry

NGC Registry Score 1932 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base288320366437539609631695735754974106611381233141019113303864411047139141525216353
299335390471562616652708741827100510901170129215772375508394451200314360156190
00000065270874182710051090117012921577237550839445120031436000
000000674722748901103511141201135117442839686410246129581480600
Registry Image Gallery
Grade: MS 65
Points: 3303
Owner: dabrown
 
Grade: MS 65
Points: 3303
Owner: Daniel McMunn
 
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