1932-D Washington Quarter Value
Only 436,800 were struck at Denver in the first year of the Washington quarter — making the 1932-D the key date of one of America's most collected coin series.
Washington Quarter Value Guide
The 1932-D Washington quarter is the premier key date of the Washington quarter series and one of the most recognized key dates in 20th century American numismatics. With only 436,800 produced at the Denver Mint in the first year of the series, genuine examples are scarce at every grade level. Even a circulated Good-4 example commands around $80, and gem uncirculated specimens have sold for tens of thousands of dollars — the finest known example realized $143,750 at auction. See our Coin Price Guide for values across other series, or try the What's My Coin Worth tool to identify a coin you're not sure about.
Also see: Our
Quarter Error Coins page covers Washington quarter doubled dies, missing clad layers, and other valuable errors. For the companion San Francisco key date, see 1932-S Washington Quarter values. Full Washington quarter pricing is in our
Coin Values Guide.
1932-D Washington Quarter Values by Grade
Values below are drawn from PCGS Price Guide data (updated today) for grades with direct pricing, with intermediate grades estimated by interpolation between the nearest verified data points.
AG-3
$65 – $75
About Good — date visible
VF-20
$165 – $195
Very Fine
AU-55
$450 – $650
About Uncirculated
MS-63
$1,850 – $2,250
Choice Uncirculated
MS-65 to MS-66
$7,250 – $85,000+
Gem to Premium Gem
Top-end examples go well beyond this range: PCGS values a straight MS-66 around $85,000, and the all-time auction record for the date is $143,750, set by a PCGS MS66 example at Bowers & Merena in April 2008.
The 1932-D and 1932-S — The Two Key Dates
The Washington quarter series began in 1932 with strikes at Philadelphia, Denver, and San Francisco. Philadelphia produced over 5.4 million — a common coin worth close to silver melt in circulated grades, though even that floor has risen sharply with silver's 2026 price surge. Denver and San Francisco each produced under 500,000 — making both the D and S first-year issues the key dates of the entire series.
| 1932 Variety | Mintage | G-4 Value | VF-20 Value | MS-63 Value | Shop |
|---|
| 1932 (Philadelphia) | 5,404,000 | ~$18–$22 | ~$18–$22 | $100–$110 | Shop → |
| 1932-D (Denver) | 436,800 | $80 | $165–$195 | $1,850–$2,250 | Shop → |
| 1932-S (San Francisco) | 408,000 | $75 | $125–$140 | $650–$750 | Shop → |
The 1932-D is scarcer than the 1932-S in top Mint State grades despite its slightly higher mintage (436,800 vs 408,000) — far fewer 1932-D coins survived in uncirculated condition, and PCGS values a straight MS-66 around $85,000 versus roughly $42,500 for the 1932-S at the same grade. In circulated grades, values are close but the D still runs modestly higher. Both are required for a complete Washington quarter date-and-mint set, and both are most commonly faked by adding a D or S mint mark to a common 1932 Philadelphia coin.
Authentication — Added Mint Marks
The most common fake 1932-D is a genuine 1932 Philadelphia quarter with a D mint mark added by engraving or stamping. The same approach is used on the 1932-S. Under a 10x loupe, examine the mint mark area on the reverse — the mint mark appears on Washington quarters at the bottom of the reverse, between the eagle's tail feathers. A genuine D shows clean metal with no disturbance. An added D shows tool marks, metal displacement, or different surface texture immediately around the mark.
PCGS and NGC authentication is mandatory for any 1932-D or 1932-S Washington quarter purchase above $75. The price difference between an authentic D and a fake spans from under $100 to well over $100,000 depending on grade. No legitimate price is cheap enough to skip certification on these coins.
Where to Buy a 1932-D Washington Quarter
These trusted dealers sell certified Morgan and Washington quarters and 90% silver coins at published premiums over spot — with secure insured shipping.
JM Bullion
Carries a rotating selection of certified rare and key-date coins alongside its core bullion inventory — worth checking for Washington quarters.
Shop JM Bullion →
Money Metals Exchange
Well known for silver bullion but also lists select certified rare coins — a solid secondary source to compare against eBay pricing.
Shop Money Metals →
SD Bullion
Competitive pricing on bullion and select certified coins, useful for comparing premiums across dealers before buying a key date.
Shop SD Bullion →
Silver Gold Bull
Competitive spot-based pricing with a Price Match Guarantee; check current listings for certified Washington quarters.
Shop Silver Gold Bull →
eBay
The most active marketplace for certified 1932-D Washington quarters. Filter by PCGS or NGC certification and compare recently sold listings before buying.
Shop eBay →
Amazon
Reference books, coin holders, loupes, and the ANA Grading Standards guide — useful for studying this key date before you buy.
Browse Amazon →
FindRareCoins.com is an eBay Partner and earns from qualifying purchases made through links on this page.
Frequently Asked Questions
How much is a 1932-D Washington quarter worth?
Per PCGS Price Guide, a genuine, PCGS or NGC authenticated 1932-D is worth about $80 in Good-4 condition and roughly $230 in Extremely Fine (EF-40). Choice Uncirculated (MS-63) examples run about $1,850–$2,250, and Gem examples (MS-65) are valued around $7,250, climbing to roughly $85,000 at a straight MS-66. The all-time auction record for the date is $143,750, set by a PCGS MS66 example at Bowers & Merena in April 2008.
How do I identify the 1932-D Washington quarter?
The D mint mark appears on the reverse at the bottom, between the eagle's tail feathers and just above the bow of the wreath. The date 1932 appears on the obverse below Washington's portrait. Confirm both the 1932 date and the D mint mark. The most common fake is an added mint mark — verify with a loupe, then authenticate with PCGS or NGC for any purchase.
Is the 1932-S also a key date?
Yes — the 1932-S with 408,000 struck is the lowest-mintage variety of the pair, though the 1932-D is actually the scarcer coin in top Mint State grades. In circulated grades, values are close, with the D running modestly higher (roughly $80 vs $75 in Good-4). In gem MS-65 and above the gap widens substantially: PCGS values a straight MS-66 1932-D around $85,000 versus roughly $42,500 for the 1932-S at the same grade. Both are required for a complete Washington quarter set and both are routinely faked with added mint marks.
Is the 1932 Washington quarter silver?
Yes — all Washington quarters from 1932 through 1964 are 90% silver, containing 0.1808 troy ounces of pure silver. With silver trading near $68–$69/oz in late August 2026, melt value is roughly $12.40 — up sharply from where it stood even a year or two ago. The 1932-D's numismatic premium far exceeds its silver content at every grade level — even a circulated Good-4 example at around $80 represents more than a 6x premium over melt, and that gap widens enormously at higher grades.
What other Washington quarter dates are valuable?
Beyond the 1932-D and 1932-S, several Washington quarter dates carry meaningful premiums, especially in top Mint State grades, per PCGS Price Guide: 1936-D (about $17 in G-4, up to $6,500+ in superb gem), 1937-S ($17 to $8,500+), 1938 ($17 to $16,500+), 1938-S ($17 to $1,750+), 1939-S ($17 to $30,000+), and 1940-D ($17 to $3,000+). Circulated examples of these dates are only modest premiums over melt, but conditionally rare superb-gem examples can be worth thousands to tens of thousands of dollars. The full series from 1932–1964 in silver offers dozens of dates with meaningful premiums above melt in uncirculated grades. Post-1964 clad quarters are common and worth face value in circulated condition.
Should I get my 1932-D Washington quarter graded?
Yes, in almost every case. Given how frequently the date is faked by adding a D mint mark to a common 1932 Philadelphia coin, PCGS or NGC certification isn't just about maximizing resale value — it's the only reliable way to confirm you actually own a genuine 1932-D rather than an altered common coin. Grading fees typically run $30–$75 for standard service, a small fraction of even the lowest circulated-grade value. Skipping certification on this specific date is a meaningfully higher risk than on most other Washington quarters.
'
