Lot 003Coin values
1932-S Washington Quarter
SAN FRANCISCO (S) · 90% SILVER, 10% COPPER · 408,000 STRUCK
Worth about $65–$240 circulated and $3,100–$4,500 in MS-65.
The 1932-S Washington Quarter is a key date from the San Francisco Mint, with 408,000 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $65–$240, and a well-preserved MS-65 example is estimated at $3,100–$4,500. Because this is a key date, condition and authenticity matter far more than metal content: have any high-value coin graded by a recognised service.
A key date: only 408,000 were struck, the lowest mintage of the series.
Type coin shown: 1932 Washington quarter. We do not yet hold a licensed photograph of the 1932-S Washington Quarter itself, so this is the nearest dated coin of the same design. The design is the same; the date, mint mark and condition of your coin will differ. Photograph: 1932 Washington quarter (Philadelphia, no mint mark; NGC image). Public domain, credit Numismatic Guaranty Corporation, via Wikimedia Commons.
- Mint
- San Francisco (S)
- Composition
- 90% silver, 10% copper
- Mintage
- 408,000
- Weight and size
- 6.25 g · 24.3 mm
- Designer
- John Flanagan
Scarcer than 100% of the 83 issues in the Washington series with a recorded mintage. 408,000 struck. Mintage is the number struck, not the number that survive.
Altered mint mark fakes
Fakes are made by adding an S to a 1932 Philadelphia coin. A genuine 1932-S shows a crisp, original mint mark under the wreath.
Check the silver
A quarter dated 1964 or earlier is 90% silver and shows a solid silver edge. From 1965 the coin is clad and the edge shows a copper stripe.
Mint mark position
D and S sit on the reverse below the wreath. A 1932-D or 1932-S without a clean, original mint mark may be altered, so have any valuable-looking 1932 coin authenticated.
About the 1932-S Washington
How much is a 1932-S Washington Quarter worth?
Lustre's editorial estimate (Oct 2026) is $65–$240 for circulated examples (G-4 to EF-40) and $3,100–$4,500 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.
Is a 1932-S Washington Quarter silver?
Yes. It is 90% silver, 10% copper and weighs 6.25 g, which is 0.1808 troy ounces of pure silver. Its melt value is that weight multiplied by the current silver spot price, shown live on this page.
How many 1932-S Washington Quarters were minted?
408,000 were struck at the San Francisco Mint.
Where is the mint mark on a Washington Quarter?
On the reverse, below the wreath. Philadelphia coins have no mint mark.
Is my 1932-S Washington Quarter rare?
Yes. It is a key date. Check the variety notes on this page, look at the date and mint mark under magnification and consider professional grading before selling.
More Washington Quarter values
Where these numbers come from
Washington quarter, Wikipedia: composition, weight, diameter, edge, designer.
Washington quarter mintage figures, Wikipedia: mintage (business strikes) and Proof mintage, 1932 to 1964.
Washington quarter mintage, Landofcoins.com: mintage by year and mint.
Lustre editorial grade-value estimates, Lustre: grade value ranges (estimates, not market data).
gold-api.com spot prices (reference level for estimates), gold-api.com: reference spot prices behind the estimates.
How the estimates are made. Facts reviewed Oct 2026.