Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. However, Congress decided that issuing circulating Washington quarters instead was better. These numbers are not inflation adjusted, so they are considered nominal. Year: 1988. One of the quarters is for sale on eBay for $35,000. 66 Liberty Cap 1. Call or visit your local coin dealer for more information. Click here to Learn How to use Coin Price Charts. I'm sharing this collecting experience with others through educational videos on YouTube. Sometimes, you can come across the 1988 Washington quarter produced in the Philadelphia mint without a standard clad layer. The 1970-S Proof Washington quarter. John Flanagan relied on it while creating the coin look. Now, one of the quarters has turned up for sale on eBay for $35,000. 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. By calculating the value in 1988 dollars, the chart below shows how $35,000 is worth less over 35 years. American Women. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. The listing says it was part of a group of proof coin errors that were auctioned by the state of California. 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. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Such a high mintage results in a low value of these coins. However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. 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 is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. In fact, most serious collectors are still uninterested in collecting them. Weve all got some spare change rattling around the couch or stored in a jar on top of the fridge, so how can we tell if we have a rare coin? All Rights Reserved. Recall that the converted amount is $87,809.76 when all items including food and energy are measured. - Do You Have This Coin? Price: 25 cents-$7.00+. 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. in2013dollars.com is a reference website maintained by the Official Data Foundation. These coins production was finished in 1807, and the new design, Capped Bust quarter, came onto the scene from 1815 to 1838. *** [?]. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. The initial plan was to issue the commemorative half-dollar and medal, but it was changed. The most expensive Washington quarter is the one minted in Denver in 1932, and one collector paid $143,750 in 2008 to get it. $350.00 Free shipping or Best Offer 78 watching SPONSORED The last coin before the Washington quarter became a part of American coinage was the three Standing Liberty quarter types. In Canada, CA$35,000.00 in 1988 would be equivalent to CA$74,365.25 in 2023, an absolute change of CA$39,365.25 and a cumulative change of 112.47%. For reference, heres a 1941 Canadian quarter: Now, looking back to the 1970 quarter, you can see subtle markings of the original Canadian coin. Unfortunately, our website is currently unavailable in your area. Production: 3,262,000 Washington Quarters were minted at the San Francisco mint in 1988. 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. Want more? This chart shows the average rate of inflation for select CPI categories between 1988 and 2023. - Last updated: August, 12 2022. The initial idea for the new quarter was Washingtons 200th birth anniversary in 1932. By 1965, this coin contained 90% silver, but modern pieces were made of cupro-nickel clad over a copper core. 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. Mint Mark: D. Type: Quarter Dollar. 2010 - 2023 USA Coin Book. 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. 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%. The competition winner announced in 1930 was Laura Gardin Fraser, who left 98 other (male) contestants behind. These relatively modern pieces are typically worth their face value, with only several exceptions. You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. . However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Washington-Quarters.com All Rights Reserved. Expect only common values with only those MS-63 or higher with nominally higher pricing. - Last updated: July, 29 2022. 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. Click here to Learn How to use Coin Price Charts. 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 this number holds, $35,000 today will be equivalent in buying power to $37,259.04 next year. Expect only common values with only those MS-63 or higher with nominally higher pricing. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. Other factors include location, inventory, and urgency of sale. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. That year, these coins composition included copper, which remained unchanged by now. and mint state meaning it is certified MS+ by one of the top coin grading companies. The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. Ive collected rare coins, baseball cards, and many other rare collectible toys since I was a kid. On the other hand, the mint in San Francisco struck only proofs. The most pricey quarter in the series is the one with the letter D on the obverse. That change in composition affects these coins current value. This 25-cent coin comes with the following: Interestingly, mints in Philadelphia and Denver produced almost the same quantity of Washington quarters in 1988. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. Other factors include location, inventory, and urgency of sale. Copyright 2014. So give us a try next time you are shopping for coins. The dollar had an average inflation rate of 2.66% per year between 1988 and today, producing a cumulative price increase of 150.89%. We are mobile, iPad, and Desktop friendly. 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. However, the coin had . The site owner may have set restrictions that prevent you from accessing the site. The US Mint commemorated this important event by minting coins with his portrait on the obverse. Plus, their diameter and thickness differ from the measurements of standard pieces produced this year. 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 may also want to account for capital gains tax, which would take your real return down to around $339,590 for most people. 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. 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. 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. The quarter that's the belle of the coin ball and raking in tens of thousands of dollars? It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. This coin side includes a sizable eagle with spread wings in the central position. The listing recently turned up in an AOL.com roundup. Believe it or not, this quarter sold on eBay for $35,000. Triple D error This error appears because of a die flaw. The result is the quarter we know today. 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. Steps Leading to Value: Coin Value Chart: Typical Coin Prices, Values and Worth in USD based on Grade/Condition. for $35,000. Annual Rate, the Bureau of Labor Statistics CPI. - Last updated: August, 12 2022. It measures the change in prices of goods and services purchased by consumers. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! Heres How To Spot Them. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. After all, worth is determined by what someone will pay for something, right? One collector bought it for $403 in 2007. This is a labor of love you might say, so it is resource intensive and slow. 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The inflation rate in 1988 was 4.14%. 1988 Quarter (1 - 40 of 116 results) Price ($) 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 If you have any questions or requests, please contact us at 727-317-5800. CPI is the weighted combination of many categories of spending that are tracked by the government. Do you notice anything different about this quarter? As a result, details on the coin surface appear unclear. Includes a sizable eagle with spread wings in the jubilee 1976 year cards, and urgency sale. Might say, so they are considered nominal it measures the change in prices of goods and services by! Made of this precious metal went into history issuing circulating Washington quarters instead was better from the... 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