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: $3.10 (10/23/2017)
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: 10/13/2017

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

1932 S 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 85.00 115 140 165 195 245 255 265 390 450 535 600 750 1225 4550 37500 - - - -
$ 205 250 260 290 415 500 585 650 900 1575 7900 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 5126
Low Grade: PrAg
Average Grade: 53
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
10/24/2017 AU 58   Heritage Auctions Internet Coin Auction Session(1), 131743/Lot# 27090


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/14/2008 NGC MS 63   Heritage Auctions 2008 February Long Beach, CA Signature Coin Auction #460, 460/Lot# 500 $920.00
8/25/2010 PCGS F 12   Teletrade Auction 2913, 2913/Lot# 1417 $138.00
5/29/2011 PCGS AU 55   Goldberg May 29 - June 1, 2011 The Pre-Long Beach Auction of US, World Coins and Currency, 63/Lot# 261 $195.50
11/7/2011 NGC MS 62   Heritage Auctions 2011 November 7-9 US Coins Signature Auction - Beverly Hills Session(4), 1161/Lot# 7951 $431.25
12/30/2012 PCGS XF 45   David Lawrence Rare Coins Internet Auction # 732, 741/Lot# 604 $200.00
2/17/2013 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 02/17/2013, 62/Lot# 100533 $275.00
3/27/2014 NGC MS 66   Stack's Bowers March 2014 Baltimore Auction, 6008/Lot# 4022 $15,862.50
6/1/2014 NGC   GreatCollections GreatCollections Coin Auctions 06/01/2014, 198/Lot# 175945 $176.00


NGC Registry

NGC Registry Score 1932 25C MS S
 PrAgGVGFVF4045505355586061626364656667686970
Base2853274094775396096317158379361072115611901279151519073765820011047139141525216353
299354432498562616659756870981110011671220135816462526524391491200314360156190
00000065975687098111001167122013581646252652439149120031436000
0000006877969031027112811791249143617763146672210098129581480600
Registry Image Gallery
Grade: MS 65
Points: 3765
Owner: Daniel McMunn
 
Grade: MS 64
Points: 1907
Owner: BQcoins
 
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