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SERIES: Washington Quarters 1932-1964
LEVEL: Year, MintMark, & Major Variety

1932-S 25C (Regular Strike)

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PCGS MS66

PCGS MS66

PCGS MS65+
PCGS #:
5792
Diameter:
24.30 millimeters
Designer:
John Flanagan
Weight:
6.30 grams
Edge:
Reeded
Mintage:
408,000
Metal Content:
90% Silver, 10% Copper
Auction Record:
$35,250 • PCGS MS66 CAC • 1-9-2013 • Heritage
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 40,000 R-2.6 7 / 93 7 / 93
60 or Better 12,000 R-2.9 12 / 93 TIE 12 / 93 TIE
65 or Better 500 R-6.0 6 / 93 TIE 6 / 93 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS66 PCGS grade

David Poole Collection - Heritage 1/2013:5606, $35,250

1 MS66 PCGS grade  
1 MS66 PCGS grade  
1 MS66 PCGS grade

 High Desert Collection (PCGS Set Registry)

5 MS65+ PCGS grade
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS66 PCGS grade

David Poole Collection - Heritage 1/2013:5606, $35,250

1 MS66 PCGS grade  
1 MS66 PCGS grade  
1 MS66 PCGS grade

 High Desert Collection (PCGS Set Registry)

5 MS65+ PCGS grade
5 MS65+ PCGS grade  
5 MS65+ PCGS grade  
8 MS65 PCGS grade
8 MS65 PCGS grade
8 MS65 PCGS grade

David Hall: The 1932-S is the lowest mintage (408,000) of the entire Wastington quarter series, and along with its 1932-D counterpart, it is one of the most in-demand key dates of the 20th century. This is a coin that has been sought after in all grades since the 1950s. Interestingly, though the 1932-S and 1932-D are virtually the same rarity in circulated grades, mint state 1932-Ds are nearly twice as rare as 1932-Ss. Nonetheless, an Uncirculated 1932-S Washington quarter is a great coin and gem MS65s are quite rare.

There are a lot of "sliders," coins with slight rub on the high points. Truly mint state examples, with full original luster and no rub, are what you want. Most 1932-S quarters are well struck. Luster on true mint state coins is typically subdued. Many examples are toned, some are attractive, and some not so. Eye appeal is definitely an issue with this key date.


Ron Guth: According to a notice in the June 1934 issue of The Numismatist (p. 416), collectors could still purchase Uncirculated 1932-S Quarter Dollars directly from the U.S. Treasury for "the face value of the coins and an amount sufficient to cover the mail charrges by first-class mail."