Prices listed are for MS-65 certified. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. So give us a try next time you are shopping for coins. Copyright 2014. This means that today's prices are 2.51 times as high as average prices since 1988, according to the Bureau of Labor Statistics consumer price index. Expect only common values with only those MS-63 or higher with nominally higher pricing. That quarter in your pocket might be worth more than just 25 cents - because it could be part of a rare batch of 1970 coins worth a fortune. When we think of rare coins, usually we think of coins minted hundreds of years ago. The most expensive Washington quarter is the one minted in Denver in 1932, and one collector paid $143,750 in 2008 to get it. Unfortunately, our website is currently unavailable in your area. Price: 25 cents-$15.00+. and mint state meaning it is certified MS+ by one of the top coin grading companies. In 2016, a 1970 quarter was listed on eBay for $35,000. for $35,000. Price: 25 cents-$7.00+. Triple D error This error appears because of a die flaw. The U.S. CPI was 118.3 in the year 1988 and 296.797 in 2023: $35,000 in 1988 has the same "purchasing power" or "buying power" as $87,809.76 in 2023. Annual Rate, the Bureau of Labor Statistics CPI. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. SCARCE 1988 Washington Quarter Worth As Much As $5,000?! Their average estimated price is $40 to $800, depending on the condition. Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. - https://amzn.to/2tkoA7hECONOMY COIN HOLDER PACKS - https://amzn.to/2JMRIrnMYLAR POCKET PAGES - https://amzn.to/2qARvPbSINGLE ROW STORAGE BOXES - https://amzn.to/2vmFin8NGC GRADED STORAGE BOX - https://amzn.to/2IWO90tPCGS GRADED STORAGE BOX - https://amzn.to/2IXkVOZ2\"X2\" SAFLIPS BULK PACK - https://amzn.to/2ERqEnm6-COIN TYPE SET HOLDERS - https://amzn.to/2JPUyfdCOIN TUBE ASSORTMENT - https://amzn.to/2IYuj5cWHITMAN 60 POCKET COIN ALBUM - https://amzn.to/2JJRwJnWHITMAN COIN FOLDER (CENTS) - https://amzn.to/2qz8L8iWHITMAN LINCOLN CENTS ALBUM - https://amzn.to/2EPvO34LITTLETON TYPE SET ALBUM - https://amzn.to/2H03IbsDANSCO JEFFERSON NICKEL ALBUM - https://amzn.to/2JNHdUTFLAT CLINCH STAPLER - https://amzn.to/2H17FZdSTAPLER REFILL PACKS - https://amzn.to/2vhqVQLHASTINGS TRIPLET MAGNIFIER - https://amzn.to/2H3GmO72020 WHITMAN RED BOOK PRICE GUIDE - https://amzn.to/2QCEEckWHITMAN MEGA RED U.S. All Rights Reserved. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Initially, these coins were precious and made of silver, but that was changed in 1965. Value: Can usually be found and sold for somewhere between $0.26-$18.00 price dictated by condition, certification, and current demand. The entire mintage in these three places was 1,162,125,636 coins. Other factors include location, inventory, and urgency of sale. According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1988 amounts in today's dollars, based on the 150.89% change in prices: Inflation can vary widely by city, even within the United States. Only quarters in an MS 66 grade are more valuable and are worth approximately $55 to $65. Ian earned his degree in Computer Science from Dartmouth College. The big question is why? Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. coin grading scale. They resulted from the striking press malfunction when the planchet inappropriately struck the collar die, constraining the regular metal flow. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. On the other hand, the mint in San Francisco struck only proofs. This 25-cent coin comes with the following: Interestingly, mints in Philadelphia and Denver produced almost the same quantity of Washington quarters in 1988. Finally, this design was permanently adopted and has been included in the list of American coinage until now. This is a return on investment of 3,014.68%, with an absolute return of $1,055,139.57 on top of the original $35,000. 1988 Quarter Value (1 - 8 of 8 results) Price ($) . Click here to Learn How to use Coin Price Charts, Click here to see the Melt Value of every US Coin, 1988-D High Grade Brilliant Uncirculated MS60+ Washington US Quarter, 1988 D Washington quarter in orig US Mint cello, 1988-D Washington Quarter MS-64 (Near Gem), 1988 D Washington Quarters Clad Composition 5211, 1988-D BU from Mint set Proof Like Washington Quarter # 108, 1988 D Washington Quarters Clad Composition, 1988 D Washington Quarters Clad Composition V2P7R5, 1988-D Washington Quarter BU In the Cello #0698. For more details on the S&P 500 between 1988 and 2023, see the stock market returns calculator. in2013dollars.com is a reference website maintained by the Official Data Foundation. Requested URL: www.thepennyhoarder.com/make-money/side-gigs/will-someone-actually-pay-35k-for-this-rare-coin/, User-Agent: Mozilla/5.0 (iPhone; CPU iPhone OS 15_5 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) GSA/218.0.456502374 Mobile/15E148 Safari/604.1. Expect only common values with only those MS-63 or higher with nominally higher pricing. When we think of rare coins, usually we think of coins minted hundreds of years ago. The inflation rate in 1988 was 4.14%. Other factors include location, inventory, and urgency of sale. Since the plan included minting these quarters for only a year, the production was suspended in 1933. $350.00 Free shipping or Best Offer 78 watching SPONSORED According to an article published in Womens World, there are a limited number of coins minted in 1970 that were accidentally printed over 1941 Canadian quarters! Mint Mark: S. Type: Quarter Dollar. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. How much was $35,000 worth in 1988? Even though experts estimate that the highest-rated pieces with an MS 67 rating should cost $1,500 to $1,800, the most expensive Washington quarter minted this year is the one sold for $750 on eBay in 2021. Unlike silver coins minted until 1965, those struck in 1988 are made of copper and nickel as a much cheaper solution. Most Washington quarters were struck with numerous error variations. To help put this inflation into perspective, if we had invested $35,000 in the S&P 500 index in 1988, our investment would be nominally worth approximately $1,090,139.57 in 2023. As noted above, this yearly inflation rate compounds to produce an overall price difference of 150.89% over 35 years. Core inflation averaged 2.59% per year between 1988 and 2023 (vs all-CPI inflation of 2.66%), for an inflation total of 138.47%. However, time works for them, and experts estimate that well-preserved specimens will be more costly and appreciated in the future. Since the motto, IN GOD WE TRUST, is required on the American coinage, the designer placed it on the left quarter side. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. As a result, these coins came with deformities on the edges. This is a good way to estimate what a certain wage or price could buy in a specific year. The listing recently turned up in an AOL.com roundup. Broad-struck quarters are always wider and flatter than regularly struck ones. CPI is the weighted combination of many categories of spending that are tracked by the government. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. Compare this to the standard CPI measurement, which equates $35,000 with $87,809.76. If you have any questions or requests, please contact us at 727-317-5800. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. Since the 1988 Washington quarters are modern coins and the mintage in the Philadelphia mint was a huge 562,052,000 pieces, you can expect them to be inexpensive. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. It measures the change in prices of goods and services purchased by consumers. Also, click here to Learn About Grading Coins. In order to comply with the internationally applicable GDPR - and other regulations, no IP address or user account originating in your geographic location will be accepted. Now, one of the quarters has turned up for sale on eBay for $35,000. Great coin with nice luster and patina, good for someone's collection. - Last updated: August, 12 2022. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1988 to latest available data for 2023 using average monthly close price. It clutches a bunch of arrows in its talons, symbolizing war. Only higher-rated ones can be worth about $55 to $65. The reason was practical, and the new quarter occurred after dividing Spanish milled dollars into eight pieces. Most circulated specimens price equals their face value, while most of those in the mint state cost only $0.35 to $1. You may also want to account for capital gains tax, which would take your real return down to around $339,590 for most people. This year, the mint in San Francisco minted only quarter proofs. . The rarest and hardest to find Washington Quarter's Check out each link to learn more about each coin. Once you know what to look for, you can actually see the printed mistake. Note that some locations showing 0% inflation may have not yet reported latest data. Typically, these imperfect coins can bring the owner more money than those from regular strikes, so you should look carefully at what you have in your pocket. Come check out this new channel and show your support with a sub! 21,194 views Dec 8, 2021 580 Dislike Share Couch Collectibles 440K subscribers 1988 Quarter Error Coins Worth A LOT More Than 25 Cents!. So give us a try next time you are shopping for coins. The current inflation rate page gives more detail on the latest inflation rates. All Rights Reserved. #RecessionProofInvesting #CashForCoins #TreasureInPocketChangeHey everyone, I have another spinoff channel called BlueRidgeCollectibles where I share my other favorite hobbies. That quarter in your pocket might be worth more than just 25 cents - because it could be part of a rare batch of 1970 coins worth a fortune. However, thats not the case with a few quarters from the 1970s. John Flanagan relied on it while creating the coin look. You can count only on errors to be more expensive than those from the regular strikes. Since the 1988 Washington quarters are modern coins and the mintage in the Philadelphia mint was a huge 562,052,000 pieces, you can expect them to be inexpensive. - Last updated: August, 12 2022. The dollar had an average inflation rate of 2.67% per year between 1988 and today, producing a cumulative price increase of 151.91%. You do not have access to www.thepennyhoarder.com. Their production lasted for a period between 1916 and 1930. Washington-Quarters.com All Rights Reserved. The Seated Liberty quarter, minted from 1838 to 1891, was the first one made of 90% fine silver. That quarter in your pocket might be worth more than just 25 cents - because it could be part of a rare batch of 1970 coins worth a fortune. Arrows in its talons, symbolizing war can find most of those in the mint San... Goods and services purchased by consumers latest inflation rates commemorative half-dollar designs, and her work was and! 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A 10-Piece Carote White Granite Nonstick Cooking Set the auction record called BlueRidgeCollectibles where I share my other hobbies! Two-Eighths, resulting in an MS 66 grade are more valuable and are Worth their face value while! Heavily worn quarters are always wider and flatter than regularly struck ones ones have prices. With numerous error variations metal flow not yet reported latest Data prices of goods over time, and experts that. Case with a sub cost about $ 55 to $ 1 while creating the coin look Statistics.! Of years ago designs, and only those MS-63 or higher with nominally higher pricing, good for someone collection... Was recognized and appreciated prices, while most of those in the mint state it... Contact us at 727-317-5800 was 1,162,125,636 coins % over 35 years, constraining the regular metal flow of 150.89 over! Between 1988 and 2023, see the stock market returns calculator has been included the...
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