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: $3.15 (5/27/2017)
Diameter: 24.3mm
Edge: Reeded
Link to this coin

1932 S 25C MS obverse 1932 S 25C MS reverse

Expand All    Collapse All


There are no NGC varieties for this coin.

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.


Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation


Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 3/3/2015

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

1932 S 25C MS
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 - - -

NGC Price and Value Guides Disclaimer



Total Graded: 5054
Low Grade: PrAg
Average Grade: 53
High Grade: 66

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
4/22/1996 NGC MS 64   Teletrade Auction 0834, 834/Lot# 417 $392.40
1/17/2005 NGC MS 61   Heritage Auctions 2005 Fort Lauderdale, FL (FUN) Bullet Sale #361, 361/Lot# 1413 $402.50
8/24/2006 PCGS MS 63   Teletrade Auction 2250, 2250/Lot# 1098 $1,400.00
9/23/2007 PCGS MS 61   Goldberg September 23-26, 2007 Pre-Long Beach Coin and Currency Auction, 42/Lot# 1357 $575.00
1/6/2011 NGC AU 50   David Lawrence Rare Coins Thursday - Internet Auction # 547, 554/Lot# 5269 $195.50
10/17/2012 PCGS AU 58   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 24604 $244.95
6/5/2013 PCGS MS 64   Heritage Auctions 2013 June 5 - 9 US Coin Signature Auction - Long Beach Session(2), 1186/Lot# 4074 $851.88
3/2/2014 NGC Details VF Details  GreatCollections GreatCollections Coin Auctions 03/02/2014, 182/Lot# 171975 $99.00

NGC Registry

NGC Registry Score 1932 S 25C MS
Registry Image Gallery
Grade: MS 65
Points: 3765
Owner: Daniel McMunn
Grade: MS 64
Points: 1907
Owner: BQcoins
View the Registry Image Gallery

Related Articles

How Big Is The Counterfeiting Problem?

9/27/2012 — The issue of counterfeit coins has been around for a very long time.
View full article >
Conservation Showcase: 1932 S Quarter

8/9/2010 — A recent example from our conservation laboratory.
View full article >
E Pluribus Unum, Part Two

8/17/2009 — In the second part of a new series, David W. Lange continues to de-mystify a great legend in numismatics.
View full article >
Dancing with Dates, Part Four

1/19/2009 — Quarter dollars possess unique date style characteristics, including the Standing Liberty and Washington coins.
View full article >

NGC Auction Central Disclaimer