Skip to main content
Go to accessibility notice


    1932-D Washington Quarter, MS66
    First-Year, Low-Mintage Key
    Tied for Finest Certified

    1932-D 25C MS66 PCGS. John Flanagan's Washington quarter design debuted in 1932, at a time when there was little demand for coinage in the stagnant national economy. The Great Depression had reduced the need for quarters to the point that none were struck in 1931, and none would be produced in 1933. The Washington quarter was intended to commemorate the 200th anniversary of George Washington's birth, a project that had been under consideration in various forms since 1924, and its role as a medium of exchange was a secondary consideration. The Philadelphia Mint struck a respectable total of 5.4 million pieces in 1932, but the Denver and San Francisco facilities struck only token mintages of 436,800 and 408,000 pieces, respectively.

    Collecting quarters was not a popular pastime in 1932, despite the popularity of coin collecting in general. Cents, nickels, and dimes were viewed as inexpensive issues that were avidly collected from circulation by the general public. The Walking Liberty half dollar was popular with high-end collectors because of the aesthetic beauty of its design. The quarter fell in between the other denominations, not attractive enough to inspire the well-heeled numismatists and too expensive for budget-conscious collectors. As a result, few examples were saved by contemporary collectors for their novelty value. The 1932-D Washington quarters were released into circulation on August 1, and the majority of the coins circulated heavily until the 1950s.

    Numismatic demand for the coins finally developed after World War II, and most survivors were culled from circulation by 1960. Today, the 1932-D is scarce, but not really rare, in lower Mint State grades, but the issue is the prime condition rarity of the series in Gem, or better, condition. It is even rarer than the lower mintage 1932-S at that grade level. Currently, PCGS has certified just two coins in MS66 condition, with none finer, while NGC has graded a single Premium Gem, also with none finer (10/17).

    The present coin was the first example certified in MS66 by either grading service when it appeared in our Atlanta ANA Signature in August of 2001. The coin realized a record price of $89,125, a remarkable sum in that era, before Registry Set collecting increased the demand for finest-known examples to extraordinary heights. It realized an even higher price of $143,750 in its next appearance, in a Bowers and Merena auction in 2008, a total that still stands as the prices realized record for the issue today. The surfaces are wonderfully clean and free from the abrasions that usually plague this issue. The reverse is mostly brilliant, with hints of olive-copper at the lower rim. The obverse, on the other hand, is a different story altogether. The center appears to be brilliant but close examination reveals a pale pinkish patina that is surrounded at the margin by a golden-olive band of toning that also contains occasional flecks of scarlet. Exceptional quality and eye appeal are the calling cards of this spectacular Premium Gem. It will be the cornerstone of the finest collection or Registry Set of Washington quarters. Housed in a green label holder.
    Ex: Atlanta ANA Signature (Heritage, 8/2001), lot 6044, realized $89,125; Marquette-Yakima Registry Set of Washington Quarters; Chicago Rarities Sale (Bowers and Merena, 4/2008), lot 322, realized $143,750.
    From The Burgess Lee Berlin, M.D., J.D. Collection of Important United States Rarities. (Registry values: N2998) (NGC ID# 2448, PCGS# 5791)

    Weight: 6.25 grams

    Metal: 90% Silver, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Burgess Lee Berlin, M.D., J.D. Collection of Important United States Rarities ]

    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2018
    3rd-8th Wednesday-Monday
    Bids + Registered Phone Bidders: 25
    Lot Tracking Activity: N/A
    Page Views: 1,324

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 21 days left to consign to the 2018 August 14 - 17 ANA WFOM World Coins Signature Auction - Philadelphia!

    Learn about consigning with us

    I am pleased with the process it was way easier than I had thought it would be and I feel confident that my coins are in the right hands.
    Brian B.,
    Wellsboro, PA
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 April 25 - 29 CSNS US Coins Signature Auction - Chicago
    2018 April 25 - 29 CSNS US Coins Signature Auction - Chicago
    REALIZED $20,943,061
    2018 April 20 - 23 CCE World Coins Signature Auction - Chicago
    2018 April 20 - 23 CCE World Coins Signature Auction - Chicago
    REALIZED $8,516,285
    2018 April 26 - 30 CSNS World Currency Signature Auction - Chicago
    2018 April 26 - 30 CSNS World Currency Signature Auction - Chicago
    REALIZED $946,904