1932 Washington Quarter (Silver) Value
Expect a 1932 Washington Quarter (Silver) to trade between about $6.75 and $66.00, driven almost entirely by grade, and its metal content alone is worth $6.60 as of 2026-06-01 See the grade table below for exactly where your coin falls.
1932 Washington Quarter (Silver) value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $6.60 |
| Good (G-4) | $6.75 to $8.90 |
| Very Good (VG-8) | $6.75 to $9.25 |
| Fine (F-12) | $6.75 to $9.75 |
| Very Fine (VF-20) | $7.20 to $10.50 |
| Extremely Fine (XF-40) | $8.15 to $12.00 |
| About Uncirculated (AU-50) | $9.80 to $14.50 |
| Mint State (MS-60) | $12.50 to $18.00 |
| Choice Unc (MS-63) | $17.00 to $25.00 |
| Gem Unc (MS-65) | $45.00 to $66.00 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
Today's value of the 1932 Washington Quarter (Silver)
In worn but collectible condition (Good-4), a 1932 Washington Quarter (Silver) starts around $6.75. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $66.00. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1932 Washington Quarter (Silver) specifications
- Series
- Washington Quarter (Silver)
- Year
- 1932
- Mint mark
- None (Philadelphia)
- Mintage
- 5,404,000
- Composition
- 90% silver, 10% copper
- Weight
- 6.25 g
- Diameter
- 24.3 mm
- Edge
- Reeded
- Designer
- John Flanagan
- Silver content
- 0.18084 troy oz
Mintage figure: US Mint reports (approximate).
Why there is no letter on this coin
The 1932 Washington Quarter (Silver) comes from Philadelphia, which struck coins without a mint mark. If the spot where branch-mint coins show a letter is empty on your 1932, that is exactly as it should be.
Why the 1932 Washington Quarter (Silver) is worth money
At 5,404,000 struck, scarcity is not the story here. Condition is: well-preserved examples with original luster stand far above the worn majority.
Every 1932 Washington Quarter (Silver) contains 0.1808 troy ounces of pure silver, currently worth $6.60. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
Context adds the final layer to the 1932 Washington Quarter (Silver). Struck for the bicentennial of George Washington's birth, John Flanagan's quarter was meant as a one-year commemorative, but it replaced the Standing Liberty design permanently in 1932 and, in clad form, remains in pockets today. Owning this date means owning a piece of that story, and demand for the series as a whole sustains liquidity for every issue in it.
Summary: the 1932 Washington Quarter (Silver) is valued between $6.75 and $66.00 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.