Heres How To Spot Them. Visit the link to learn more about each coin. This price does not reference any standard Value of $35,000 from 1988 to 2023 $35,000 in 1988 is equivalent in purchasing power to about $88,168.64 today, an increase of $53,168.64 over 35 years. You can effortlessly find any of these coins since they are in the group of modern coinage. There were also a few other coins that won auction records, like the 1949 D Washington quarter ($43,475), the 1948 Washington quarter ($43,200), and the 1932 Washington quarter ($40,250). Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. These coins production was finished in 1807, and the new design, Capped Bust quarter, came onto the scene from 1815 to 1838. Other factors include location, inventory, and urgency of sale. 66 Liberty Cap 1. In the case of this quarter, it was put up for auction by a collector for $35,000. Some collectors consider the 1988 Washington quarter reverse too complicated and overcrowded. In this error, the planchet wasnt appropriately shaped. This table and charts use the earliest available data for each category. 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. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Look closely, because if you have it, it could be worth tens of thousands of dollars to the right buyer. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Face Value: 0.25 USD. Click here to see the most valuable coins ever minted. The 1988 Washington quarter is one of the pieces of the series struck from 1932 to 1998 with the same reverse design. At first glance, it might seem like one of those quirky things people do sometimes - list a random item online for a ridiculous amount of money just to see if anyone will actually buy it. However, Congress decided that issuing circulating Washington quarters instead was better. After all, worth is determined by what someone will pay for something, right? We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. The PCE measured -39.58% inflation compared to standard CPI. - 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. CoinTrackers.com estimates the value of a 1988 S Washington Quarter Proof in average condition to be worth 25 cents, while one in mint state could be valued around $7.00. However, the coin had . For example, if you started with $35,000, you would need to end with $87,809.76 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). Compare these numbers to the US's overall absolute change of $52,809.76 and total percent change of 150.89%. Some Washington quarters minted in Denver in 1988 had a doubling in the inscription IN GOD WE TRUST. SCARCE 1988 Washington Quarter Worth As Much As $5,000?! Inflation can also vary widely by country. Call or visit your local coin dealer for more information. These relatively modern pieces are typically worth their face value, with only several exceptions. The current inflation rate compared to last year is now 6.45%. Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. When we think of rare coins, usually we think of coins minted hundreds of years ago. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. Ian earned his degree in Computer Science from Dartmouth College. St Louis, Missouri experienced the lowest rate of inflation during the 35 years between 1988 and 2023 (2.43%). 1988 P Washington quarter. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. When we think of rare coins, usually we think of coins minted hundreds of years ago. They resulted from the striking press malfunction when the planchet inappropriately struck the collar die, constraining the regular metal flow. That is the primary reason collectors look only for specimens in top-notch condition. Quarter history began in 1796 when the first Draped Bust quarter containing 89.24% fine silver was released into circulation. Price: 25 cents-$15.00+. Unlike other nations coinage that included 20-cent coins, Americans got a quarter-dollar as a denomination. Its clad composition includes copper and nickel in a total 75%: 25% ratio. All three coin types have the mint mark on the right, behind the ribbon in Washingtons hair. It reached a price of $1,645 in 2017, winning the auction record. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. This chart shows a calculation of buying power equivalence for $35,000 in 1988 (price index tracking began in 1635). CPI is the weighted combination of many categories of spending that are tracked by the government. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! Expect only common values with only those MS-63 or higher with nominally higher pricing. These numbers are not inflation adjusted, so they are considered nominal. The initial idea for the new quarter was Washingtons 200th birth anniversary in 1932. Do you notice anything different about this quarter? The listing recently turned up in an AOL.com roundup. Finally, the denomination is under the olive branches, an internationally recognized symbol of peace, on the coin rim bottom. Recall that the converted amount is $87,809.76 when all items including food and energy are measured. The compounding effect of inflation would account for 60.14% of returns ($655,622.00) during this period. Year: 1988. John Flanagan relied on it while creating the coin look. CoinTrackers.com estimates the value of a 1988 D Washington Quarter in average condition to be worth 25 cents, while one in mint state could be valued around $15.00. Their price is relatively low, and most circulated ones are worth as much as their face value. 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%. In 1988, the Denver mint produced 596,810,688 Washington quarter coins. Some 1970 Quarters Are Worth $35,000. The listing says it was part of a . We need to highlight the word "PROOF" here because that is key to its rarity and high value. The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. The site owner may have set restrictions that prevent you from accessing the site. - Last updated: August, 12 2022. The total PCE inflation between these dates was 111.30%. Click here to Learn How to use Coin Price Charts. What is it worth? I'm sharing this collecting experience with others through educational videos on YouTube. Most circulated specimens price equals their face value, while most of those in the mint state cost only $0.35 to $1. - Last updated: July, 29 2022. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. The listing says it was part of a group of proof coin errors that were auctioned by the state of California. Such a high mintage results in a low value of these coins. Initially, these coins were precious and made of silver, but that was changed in 1965. If you are a fan of coin roll hunting or just want to learn more about washington quarters then search or scroll below to find the most valuable and rarest in this series. The Consumer Price Index, used above, is the most common standard used globally. Value: Can usually be found and sold for somewhere between $0.26-$18.00 price dictated by condition, certification, and current demand. CoinTrackers.com estimates the value of a 1988 D Washington Quarter in average condition to be worth 25 cents, while one in mint state could be valued around $15.00. Now that you know the signs to look for, its time to go digging up some loose change and see if you have a fortune waiting to be discovered! Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Their production lasted for a period between 1916 and 1930. Keep reading to find out! The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. 1988 D Washington Quarter. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. coin grading scale. Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. We use user submitted pictures please read that article if you are interested in adding your own. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! The story behind the Washington quarter design is controversial. However, no one doubt that it is one of the most elegant solutions in American coinage. This means the inflation-adjusted real return of our $35,000 investment is $399,517.57. At first glance, it might seem like one of those quirky things people do sometimes list a random item online for a ridiculous amount of money just to see if anyone will actually buy it. This error is uncommon and appears when the mint strikes a coin through grease. Click here to Learn How to use Coin Price Charts. $35,000 in 1988 is equivalent in purchasing power to about $87,809.76 today, an increase of $52,809.76 over 35 years. Their average estimated price is $40 to $800, depending on the condition. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Broad-struck quarters are always wider and flatter than regularly struck ones. One of the quarters is for sale on eBay for $35,000. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 1988 Quarter Value (Rare Errors, D, S & No Mint Marks), 17 Most Valuable Modern Quarters Worth Money, 1965 Quarter Value Guide (Rare Errors & No Mint Mark), 1976 Bicentennial Quarter Value Guides (Rare Errors, D, S and No Mint Mark), 1944 Quarter Value Guides (Rare Errors, D, S and No Mint Mark), 1981 Quarter Value Guides (Rare Errors, D & S Mint Mark), 2020 Bat Quarter Value (Rare Errors, P, D, W & S Mint Marks), 1999 Connecticut Quarter Value (Rare Errors, P, D & S Mint Mark), 2000 Quarter Value (Rare Errors, D, S and P Mint Marks), 1986 Penny Value (Rare Errors, D, S & No Mint Marks), 1939 Dime Value (Rare Errors, D, S & No Mint Marks), 1899 Indian Head Penny Value (Rare Errors & No Mint Marks), 1916 Penny Value Guides (Rare Errors, D, S & No Mint Marks), 1947 Wheat Penny Value (Rare Errors, D, S & No Mint Marks), 75% copper and 25% nickel with a center made of pure copper (these coins are struck of 91.67% copper and nickel in small quantities), One collector bought the 1988 D MS 67 Washington quarter at Heritage Auctions for $1,645 in 2017, winning the auction record, One collector bought the 1988 P MS 67 Washington quarter on eBay for $750 in 2021, winning the auction record, One collector bought the DCAM 1988 S PR 70 Washington quarter at David Lawrence RC for $403 in 2007, winning the auction record. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. On the other hand, the mint in San Francisco struck only proofs. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1988, Coins with this error type came with the filled letter P, representing the mint mark. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. The entire mintage in these three places was 1,162,125,636 coins. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. Elegant solutions in American coinage Core CPI, which uses the standard CPI but omits more... 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