In 1988, core inflation was 4.41%. Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. For more information on the difference between PCE and CPI, see this analysis provided by the Bureau of Labor Statistics. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). Price Chart : Estimated Value Based on Scale. 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. Second, look for one very specific quarter. Mint Mark: D. Type: Quarter Dollar. Coins with this error type came with the filled letter P, representing the mint mark. . Unfortunately, the then-Secretary of the Treasury refused to respect the results of the competition and favored John Flanagans creation. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. USA Coin Book Estimated Value of 1988-P Washington Quarter is Worth $16 or more in Uncirculated (MS+) Mint Condition. The big question is why? 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. 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. Unlike other nations coinage that included 20-cent coins, Americans got a quarter-dollar as a denomination. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) Jessica Griggs Do you notice anything different about this quarter? We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. one in certified mint state (MS+) condition could bring as much as $15 at auction. Its clad composition includes copper and nickel in a total 75%: 25% ratio. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. Look closely, because if you have it, it could be worth tens of thousands of dollars to the right buyer. Now, one of the quarters has turned up for sale on eBay for $35,000. 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%. This calculates the value of a US dollar over time, either in today's dollars or another year. Click here to Learn How to use Coin Price Charts, Click here to see the Melt Value of every US Coin, 1988-P High Grade Brilliant Uncirculated MS60+ Washington US Quarter, 1988 P,D&S Washington Quarters in BU and Proof condition, 1988-P BU from Mint set Proof Like Washington Quarter # 138, 1988-P Washington Quarter MS-64 (Near Gem), 1988 P Washington Quarters Clad Composition, Complete Set P and D mints 1988 to 1998 .. 22 Coins, 1988 P Washington Quarter in BU condition. Supposedly, the problem was that the original winner was female, and no pleading managed to change his mind. - Last updated: July, 29 2022. Value: Can usually be found and sold for somewhere between $0.80-$3.20 price dictated by condition, certification, and current demand. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. 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. Price Chart : Estimated Value Based on Scale. 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! 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. However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. 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. The US Mint commemorated this important event by minting coins with his portrait on the obverse. After all, worth is determined by what someone will pay for something, right? Alternative measurements are sometimes used based on context and economic/political circumstances. Compare these numbers to the US's overall absolute change of $52,809.76 and total percent change of 150.89%. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. The current inflation rate compared to last year is now 6.45%. Inflation can also vary widely by country. The listing recently turned up in an AOL.com roundup.. . Price: 25 cents-$7.00+. It reached a price of $1,645 in 2017, winning the auction record. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. In 1988, PCE inflation was 3.91%. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. 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 . Since the motto, IN GOD WE TRUST, is required on the American coinage, the designer placed it on the left quarter side. (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. 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"). Below are a few examples of alternative measurements. One of the quarters is for sale on eBay for $35,000. 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 result is the quarter we know today. This chart shows a calculation of buying power equivalence for $35,000 in 1988 (price index tracking began in 1635). When we think of rare coins, usually we think of coins minted hundreds of years ago. Also, click here to Learn About Grading Coins. 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). After all, worth is determined by what someone will pay for something, right? These coins production was finished in 1807, and the new design, Capped Bust quarter, came onto the scene from 1815 to 1838. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. Annual Rate, the Bureau of Labor Statistics CPI. You can effortlessly find any of these coins since they are in the group of modern coinage. In this case, the contact between the die and planchet is inadequate because these two parts dont lie entirely over each other. The PCE measured -39.58% inflation compared to standard CPI. 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. In fact, most serious collectors are still uninterested in collecting them. Washington-Quarters.com All Rights Reserved. Other factors include location, inventory, and urgency of sale. 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. (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. Prices listed are for MS-65 certified. In Average Circulated (AC) condition it's worth around 25 cents, 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! $35,000 in 1988. 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. 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. Other factors include location, inventory, and urgency of sale. Broad-struck quarters are always wider and flatter than regularly struck ones. 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. 45 Results 2 filters applied Coin Year Grade Circulated/Uncirculated Mint Location Condition Price Buying Format All Filters SPONSORED 1978 WASHINGTON QUARTER LARGE O/C BROAD STRIKE,**VERY NICE** US ERROR COIN $65.00 $3.88 shipping SPONSORED 1978- Washington Quarter " DDO , VERY RARE COIN. In other words, a dollar will pay for fewer items at the store. The story behind the Washington quarter design is controversial. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. Initially, these coins were precious and made of silver, but that was changed in 1965. All silver quarter are worth a minimum of $4.02 each as of 1/9/2023 . coin grading scale. In this error, the planchet wasnt appropriately shaped. - Do You Have This Coin? 1982 P Washington Quarter Coin Value Prices, Photos & Info. 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. 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. This error is uncommon and appears when the mint strikes a coin through grease. When using the core inflation measurement, $35,000 in 1988 is equivalent in buying power to $83,464.07 in 2023, a difference of $48,464.07. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. So give us a try next time you are shopping for coins. Ive collected rare coins, baseball cards, and many other rare collectible toys since I was a kid. 1988 Quarter (1 - 40 of 116 results) Price ($) 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 We are mobile, iPad, and Desktop friendly. Our calculations use the following inflation rate formula to calculate the change in value between 1988 and today: Then plug in historical CPI values. And are there more quarters out there worth far more than they seem? This year, the mint in San Francisco minted only quarter proofs. He positioned Washingtons face to be turned to the left and surrounded by the DATE and word LIBERTY struck along the rim. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. By calculating the value in 1988 dollars, the chart below shows how $35,000 is worth less over 35 years. However, only a coat consists of both metals, while the coin core contains only copper. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. 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. 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