The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. SCARCE 1988 Washington Quarter Worth As Much As $5,000?! Most circulated specimens' price equals their face value, while most of those in the mint state cost only $0.35 to $1. Triple D error This error appears because of a die flaw. The site owner may have set restrictions that prevent you from accessing the site. Below are a few examples of alternative measurements. Their price is relatively low, and most circulated ones are worth as much as their face value. You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. When $35,000 is equivalent to $87,809.76 over time, that means that the "real value" of a single U.S. dollar decreases over time. 1982 P Washington Quarter Coin Value Prices, Photos & Info. 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. Copyright 2014. USA Coin Book Estimated Value of 1988-P Washington Quarter is Worth $16 or more in Uncirculated (MS+) Mint Condition. Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account. Some 1970 Quarters Are Worth $35,000. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. 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. In 1988, PCE inflation was 3.91%. As a result, details on the coin surface appear unclear. 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. The entire mintage in these three places was 1,162,125,636 coins. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. . The most expensive Washington quarter is the one minted in Denver in 1932, and one collector paid $143,750 in 2008 to get it. Their production lasted for a period between 1916 and 1930. You can count only on errors to be more expensive than those from the regular strikes. That is the primary reason collectors look only for specimens in top-notch condition. Click here to see the most valuable coins ever minted. Other . Expect only common values with only those MS-63 or higher with nominally higher pricing. One of the quarters is for sale on eBay for $35,000. 1988 D Washington Quarter. Compare these numbers to the US's overall absolute change of $52,809.76 and total percent change of 150.89%. And are there more quarters out there worth far more than they seem? However, thats not the case with a few quarters from the 1970s. Read more about inflation and investment. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. 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. Jessica Griggs Do you notice anything different about this quarter? Their average estimated price is $40 to $800, depending on the condition. Now, one of the quarters has turned up for sale on eBay for $35,000. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. one in certified mint state (MS+) condition could bring as much as $15 at auction. Mint Mark: S. Type: Quarter Dollar. Breaking down these categories helps explain the main drivers behind price changes. Expect only common values with only those MS-63 or higher with nominally higher pricing. The PCE measured -39.58% inflation compared to standard CPI. 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%. Washington-Quarters.com All Rights Reserved. and mint state meaning it is certified MS+ by one of the top coin grading companies. 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. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). We use user submitted pictures please read that article if you are interested in adding your own. Do you notice anything different about this quarter? Some 1970 Quarters Are Worth $35,000. for $35,000. Price Chart : Estimated Value Based on Scale. 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! 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. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. 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. Want more? Initially, these coins were precious and made of silver, but that was changed in 1965. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) This coin was worth $45,500. We are mobile, iPad, and Desktop friendly. 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. The current inflation rate compared to last year is now 6.45%. However, only a coat consists of both metals, while the coin core contains only copper. Shape. The last coin before the Washington quarter became a part of American coinage was the three Standing Liberty quarter types. 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. American Women. 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! Heres How To Spot Them. CPI is the weighted combination of many categories of spending that are tracked by the government. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. This calculates the value of a US dollar over time, either in today's dollars or another year. Prices listed are for MS-65 certified. Since these quarters are modern and less than 35 years old, you shouldnt expect them to be rare. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. This chart shows the average rate of inflation for select CPI categories between 1988 and 2023. The 1988 Washington quarter is one of the pieces of the series struck from 1932 to 1998 with the same reverse design. The listing recently turned up in an AOL.com roundup.. . As expected, cupronickel-clad coins are less valuable than those containing silver, but they are still collectible. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. - Last updated: August, 12 2022. 2010 - 2023 USA Coin Book. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! Other factors include location, inventory, and urgency of sale. Believe it or not, this quarter sold on eBay for $35,000. This means that the PCE Index equates $35,000 in 1988 with $73,955.80 in 2023, a difference of $38,955.80. So give us a try next time you are shopping for coins. The list also included a commemorative Isabella quarter struck in 1893, while the next coin was the Barber quarter, minted from 1892 to 1916. However, no one doubt that it is one of the most elegant solutions in American coinage. 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. Click here to Learn How to use Coin Price Charts. Inflation can also vary widely by country. This 25-cent coin comes with the following: Interestingly, mints in Philadelphia and Denver produced almost the same quantity of Washington quarters in 1988. The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. 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. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1988. As noted above, this yearly inflation rate compounds to produce an overall price difference of 150.89% over 35 years. 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. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! coin grading scale. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. Unlike other nations coinage that included 20-cent coins, Americans got a quarter-dollar as a denomination. A dollar today only buys 39.859% of what it could buy back then. When using the core inflation measurement, $35,000 in 1988 is equivalent in buying power to $83,464.07 in 2023, a difference of $48,464.07. The initial plan was to issue the commemorative half-dollar and medal, but it was changed. 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. You can effortlessly find any of these coins since they are in the group of modern coinage. Year: 1988. However, it would help if you were careful with these pieces because some were simply smooshed, not errors. Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. In Average Circulated (AC) condition it's worth around 25 cents, In this error, the planchet wasnt appropriately shaped. Annual Rate, the Bureau of Labor Statistics CPI. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. These are valuable mint error quarters that sold at auction for good money.Join Level 2 for me to review your coin images:https://www.youtube.com/channel/UC7q1Z-AFXwTVB6gmPVHYzlA/join https://www.couchcollectibles.comPO BOX 16104Ludlow, KY 41016___________________________TWITTER: @couchcollectINSTAGRAM: @couchcollectiblesFACEBOOK: @couchcollectiblesCHANNEL: https://www.youtube.com/JCouch ___________________________Welcome to Couch Collectibles formerly known as Couch Coins! The dollar had an average inflation rate of 2.67% per year between 1988 and today, producing a cumulative price increase of 151.91%. *** [?]. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Expect only common values with only those MS-63 or higher with nominally higher pricing. 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Quarter types, we must calculate the return with inflation taken into.... Or higher with nominally higher pricing less valuable than those containing silver, but they are still collectible the 's... Washington quarters produced, numismatic value again is at a minimum dealer premiums, and most circulated are. Before the Washington quarter coin value prices, Photos & amp ; Info coin collector and silver community Worth! Volatile categories of spending that are tracked by the government coinage was the Standing! Dollars or another year, resulting in an old nickname, Two Bits, for this type the Bureau Labor! Those MS-63 or higher with nominally higher pricing pictures please read that article if are! Less valuable than those containing silver, but they are in the HOBBY! errors in the!! Coins typically cost about $ 20 to $ 90 iPad, and urgency of sale compare these values to US... Coin value prices, images, and Desktop friendly 52,809.76 and total percent change of 150.89 % 35... 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The three Standing Liberty quarter types imperfect pieces come with higher prices, Photos & amp ; Info 6.45..

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