Price: 25 cents-$15.00+. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. 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. Now, one of the quarters has turned up for sale on eBay for $35,000. Visit the link to learn more about each coin. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). In 1988, PCE inflation was 3.91%. For reference, heres a 1941 Canadian quarter: Now, looking back to the 1970 quarter, you can see subtle markings of the original Canadian coin. However, Congress decided that issuing circulating Washington quarters instead was better. Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. However, only a coat consists of both metals, while the coin core contains only copper. The reason was practical, and the new quarter occurred after dividing Spanish milled dollars into eight pieces. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Ive collected rare coins, baseball cards, and many other rare collectible toys since I was a kid. Since these specimens are not properly clad with nickel, their surface is differently colored. Only quarters in an MS 66 grade are more valuable and are worth approximately $55 to $65. The listing recently turned up in an AOL.com roundup.. . Some collectors consider the 1988 Washington quarter reverse too complicated and overcrowded. Price: 25 cents-$7.00+. 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! Want more? The most pricey quarter in the series is the one with the letter D on the obverse. Washington-Quarters.com All Rights Reserved. Therefore, the US Mint took advantage of the situation, and the new coin mintage was resumed the following year. For example, printed letters next to Liberty, or 1941 printed underneath Dollar.. Modern and abundant 1988 Washington quarters are inexpensive coins worth $0.25 to $1 in most cases. Do you notice anything different about this quarter? For comparison, in the UK 35,000.00 in 1988 would be equivalent to 120,076.60 in 2023, an absolute change of 85,076.60 and a cumulative change of 243.08%. The listing says it was part of a . 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. One of the quarters made in error is listed for sale on eBay by Mike Byers for $35,000 "1970-S Proof Washington Quarter Struck on 1941 Canada Quarter NGC PF 65." That's some serious. This year, the mint in San Francisco minted only quarter proofs. Expect only common values with only those MS-63 or higher with nominally higher pricing. 75,932 views May 13, 2020 1.5K Dislike Share BlueRidgeSilverhound 253K subscribers #RecessionProofInvesting. Sometimes, you can come across the 1988 Washington quarter produced in the Philadelphia mint without a standard clad layer. This price does not reference any standard The current inflation rate compared to last year is now 6.45%. Other factors include location, inventory, and urgency of sale. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! By calculating the value in 1988 dollars, the chart below shows how $35,000 is worth less over 35 years. Read more about inflation and investment. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. People often like to see how much their first car would have cost in today's dollars. As noted above, this yearly inflation rate compounds to produce an overall price difference of 150.89% over 35 years. Our calculations use the following inflation rate formula to calculate the change in value between 1988 and today: Then plug in historical CPI values. These coins production was finished in 1807, and the new design, Capped Bust quarter, came onto the scene from 1815 to 1838. Unfortunately, the then-Secretary of the Treasury refused to respect the results of the competition and favored John Flanagans creation. So give us a try next time you are shopping for coins. Click here to Learn How to use Coin Price Charts. The inflation rate in 1988 was 4.14%. Click here to Learn How to use Coin Price Charts. Face Value: 0.25 USD. - Do You Have This Coin? In this error, the planchet wasnt appropriately shaped. 1988 Quarter Value (1 - 8 of 8 results) Price ($) . 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. 66 Liberty Cap 1. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. Here's How To Spot Them! Second, look for one very specific quarter. 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. The 1988 Washington quarter obverse is made after Houdins portrait of the first American President. In 2016, a 1970 quarter was listed on eBay for $35,000. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. in2013dollars.com is a reference website maintained by the Official Data Foundation. It measures the change in prices of goods and services purchased by consumers. Mint Mark: D. Type: Quarter Dollar. Ian earned his degree in Computer Science from Dartmouth College. That change in composition affects these coins current value. Such a high mintage results in a low value of these coins. After all, worth is determined by what someone will pay for something, right? However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. This error is uncommon and appears when the mint strikes a coin through grease. Finally, the denomination is under the olive branches, an internationally recognized symbol of peace, on the coin rim bottom. The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. Dollars 5247 Flowing Hair 2 Draped Bust 10 Gobrecht Seated Liberty 3 Trade 15 1583 Peace 445 Eisenhower 664 Susan B Anthony 347 Native American . 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! SCARCE 1988 Washington Quarter Worth As Much As $5,000?! 2010 - 2023 USA Coin Book. Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. 2010 - 2023 USA Coin Book. (adsbygoogle = window.adsbygoogle || []).push({}); Value: Can usually be found and sold for somewhere between $0.26-$18.00 price dictated by condition, certification, and current demand. Unlike other nations coinage that included 20-cent coins, Americans got a quarter-dollar as a denomination. The US Mint commemorated this important event by minting coins with his portrait on the obverse. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. The site owner may have set restrictions that prevent you from accessing the site. Other factors include location, inventory, and urgency of sale. The rarest and hardest to find Washington Quarter's Check out each link to learn more about each coin. When we think of rare coins, usually we think of coins minted hundreds of years ago. Unlike silver coins minted until 1965, those struck in 1988 are made of copper and nickel as a much cheaper solution. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. Expect only common values with only those MS-63 or higher with nominally higher pricing. Supposedly, the problem was that the original winner was female, and no pleading managed to change his mind. After all, worth is determined by what someone will pay for something, right? Annual Rate, the Bureau of Labor Statistics CPI. The list also included a commemorative Isabella quarter struck in 1893, while the next coin was the Barber quarter, minted from 1892 to 1916. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. 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. Mint Mark: S. Type: Quarter Dollar. However, time works for them, and experts estimate that well-preserved specimens will be more costly and appreciated in the future. The most valuable Washington Quarter's. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. The dollar had an average inflation rate of 2.67% per year between 1988 and today, producing a cumulative price increase of 151.91%. Plus, their diameter and thickness differ from the measurements of standard pieces produced this year. - Last updated: August, 12 2022. These numbers are not inflation adjusted, so they are considered nominal. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) This means that the PCE Index equates $35,000 in 1988 with $73,955.80 in 2023, a difference of $38,955.80. Ian Webster is an engineer and data expert based in San Mateo, California. 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. $350.00 Free shipping or Best Offer 78 watching SPONSORED In fact, most serious collectors are still uninterested in collecting them. The total PCE inflation between these dates was 111.30%. Since the plan included minting these quarters for only a year, the production was suspended in 1933. One collector bought it for $403 in 2007. Jessica Griggs Do you notice anything different about this quarter? Its clad composition includes copper and nickel in a total 75%: 25% ratio. for $35,000. Some 1970 Quarters Are Worth $35,000. The initial plan was to issue the commemorative half-dollar and medal, but it was changed. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Below are a few examples of alternative measurements. This is a good way to estimate what a certain wage or price could buy in a specific year. All Rights Reserved. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account. John Flanagan relied on it while creating the coin look. This coin was worth $45,500. In other words, a dollar will pay for fewer items at the store. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. $35,000 in 1988. 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. In the case of this quarter, it was put up for auction by a collector for $35,000. The most expensive Washington quarter is the one minted in Denver in 1932, and one collector paid $143,750 in 2008 to get it. Year: 1988. Inflation can also vary widely by country. However, the coin had . Coin Value Chart: Typical Coin Prices, Values and Worth in USD based on Grade/Condition. 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 $750 on eBay in 2021. 1988 Quarter (1 - 40 of 116 results) Price ($) Shipping 1988 D Washington Quarter AndyKcoins $700.00 FREE shipping 1988-D Quarter Coin No 3542 - In a Protective 2x2 Wendyscnc (7,683) $1.00 1988 Birthday Flashback Poster, Back in 1988 Birthday Decorations, B-day Gift, Custom PRINTABLE 16x20" Flashback Sign PRINTSbyMAdesign (11,637) $15.00 Quarter history began in 1796 when the first Draped Bust quarter containing 89.24% fine silver was released into circulation. 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. Expect only common values with only those MS-63 or higher with nominally higher pricing. For more details on the S&P 500 between 1988 and 2023, see the stock market returns calculator. Come along and join me on this exciting journey by subscribing right now as we look at the most valuable toy collectibles and rare coins that you could find at yard sales, flea markets and garage sales!MUSIC USED ON CHANNEL CREATED BY: Alan Walker, Kevin MacLeod, Marcus, Maxzwell, Doc Hollywood, Breakfast at Tiffanys Instrumental, Party Drug Instrumental, Partner In Crime Instrumental.DISCLAIMER: Some non affiliate links may have been used throughout the video creation process of this content.#coins #money One of the quarters is for sale on eBay for $35,000. This effect explains how inflation erodes the value of a dollar over time. The PCE measured -39.58% inflation compared to standard CPI. This section is more of a layman's guide, for those new to collecting. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. In Average Circulated (AC) condition it's worth around 25 cents, The mintage was precisely 3,262,948 coins, and most with deep cameo contrast are worth a modest $4 to $15. 1988 D Washington Quarter. The Consumer Price Index, used above, is the most common standard used globally. Compare these numbers to the US's overall absolute change of $52,809.76 and total percent change of 150.89%. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. (adsbygoogle = window.adsbygoogle || []).push({}); Value: Can usually be found and sold for somewhere between $0.80-$3.20 price dictated by condition, certification, and current demand. On top of that, literally? Click here to see the most valuable coins ever minted. . Their production lasted for a period between 1916 and 1930. Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. Year: 1988. Their average estimated price is $40 to $800, depending on the condition. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1988, You may also want to account for capital gains tax, which would take your real return down to around $339,590 for most people. 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. Heres How To Spot Them. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. This calculates the value of a US dollar over time, either in today's dollars or another year. $35,000 in 1988 is equivalent in purchasing power to about $87,809.76 today, an increase of $52,809.76 over 35 years. Also, click here to Learn About Grading Coins. The 1988 Washington quarter is a modern round coin with a reeded edge. 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. CPI is the weighted combination of many categories of spending that are tracked by the government. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Washington-Quarters.com All Rights Reserved. Washington quarters appeared in 1932, and the US Mint produced them with unchanged reverse design until 1998. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. 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. On the other hand, the mint in San Francisco struck only proofs. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. Initially, these coins were precious and made of silver, but that was changed in 1965. Prices listed are for MS-65 certified. The quarter that's the belle of the coin ball and raking in tens of thousands of dollars? We are mobile, iPad, and Desktop friendly. - Last updated: August, 12 2022. Some Washington quarters minted in Denver in 1988 had a doubling in the inscription IN GOD WE TRUST. Price Chart : Estimated Value Based on Scale. The competition winner announced in 1930 was Laura Gardin Fraser, who left 98 other (male) contestants behind. Most circulated specimens' price equals their face value, while most of those in the mint state cost only $0.35 to $1. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. Only higher-rated ones can be worth about $55 to $65. Broad-struck quarters are always wider and flatter than regularly struck ones. 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. In 1988, core inflation was 4.41%. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. Expect only common values with only those MS-63 or higher with nominally higher pricing. 1982 P Washington Quarter Coin Value Prices, Photos & Info. The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. Call or visit your local coin dealer for more information. I'm sharing this collecting experience with others through educational videos on YouTube. This error occurred when the die failed to hit the quarter hard enough, leaving an unclear and misshapen letter. Believe it or not, this quarter sold on eBay for $35,000. If this number holds, $35,000 today will be equivalent in buying power to $37,259.04 next year. Copyright 2014. We need to highlight the word "PROOF" here because that is key to its rarity and high value. 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! However, thats not the case with a few quarters from the 1970s. Believe it or not, this quarter sold on eBay for $35,000. The result is the quarter we know today. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. To get the total inflation rate for the 35 years between 1988 and 2023, we use the following formula: Plugging in the values to this equation, we get: There are multiple ways to measure inflation. Triple D error This error appears because of a die flaw. What is it worth? American Women. Published rates of inflation will vary depending on methodology. Unfortunately, our website is currently unavailable in your area. It reached a price of $1,645 in 2017, winning the auction record.