Mint Mark: S. Type: Quarter Dollar. Inflation can also vary widely by country. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Initially, these coins were precious and made of silver, but that was changed in 1965. The big question is why? As a result, these coins came with deformities on the edges. The wordings E PLURIBUS UNUM and UNITED STATES OF AMERICA are above the birds head. So give us a try next time you are shopping for coins. One of the quarters is for sale on eBay for $35,000. All Rights Reserved. Annual Rate, the Bureau of Labor Statistics CPI. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. This is a return on investment of 3,014.68%, with an absolute return of $1,055,139.57 on top of the original $35,000. He positioned Washingtons face to be turned to the left and surrounded by the DATE and word LIBERTY struck along the rim. - Last updated: August, 12 2022. How much was $35,000 worth in 1988? Some collectors consider the 1988 Washington quarter reverse too complicated and overcrowded. As a result, details on the coin surface appear unclear. Value: Can usually be found and sold for somewhere between $0.80-$3.20 price dictated by condition, certification, and current demand. You may also want to account for capital gains tax, which would take your real return down to around $339,590 for most people. The most valuable Washington Quarter's. Once you know what to look for, you can actually see the printed mistake. On top of that, literally? Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. 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. 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. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. COINS GUIDE BOOK - https://amzn.to/2MQCMf7CHERRYPICKER'S GUIDE VOLUME 1 (DIGITAL VERSION) - https://amzn.to/37w7lyxCHERRYPICKER'S GUIDE VOLUME 2 (DIGITAL VERSION) - https://amzn.to/2FgJZ3TSTRIKE IT RICH W/POCKET CHANGE - https://amzn.to/2Hq9AtLBeautiful Gold for Sale: http://amzn.to/1UM5eZdSilver Bullion for Sale: http://amzn.to/1ZJ9tsPClassic Coins for Sale: http://amzn.to/28vp0m1 The US Mint commemorated this important event by minting coins with his portrait on the obverse. Steps Leading to Value: Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. Click here to Learn How to use Coin Price Charts. 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. Believe it or not, this quarter sold on eBay for $35,000. Plus, their diameter and thickness differ from the measurements of standard pieces produced this year. 1988 D Washington Quarter. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. This means that the PCE Index equates $35,000 in 1988 with $73,955.80 in 2023, a difference of $38,955.80. These relatively modern pieces are typically worth their face value, with only several exceptions. The most pricey quarter in the series is the one with the letter D on the obverse. In 1988, core inflation was 4.41%. The last coin before the Washington quarter became a part of American coinage was the three Standing Liberty quarter types. 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. This coin was worth $45,500. By 1965, this coin contained 90% silver, but modern pieces were made of cupro-nickel clad over a copper core. This chart shows a calculation of buying power equivalence for $35,000 in 1988 (price index tracking began in 1635). For reference, heres a 1941 Canadian quarter: Now, looking back to the 1970 quarter, you can see subtle markings of the original Canadian coin. In other words, a dollar will pay for fewer items at the store. The competition winner announced in 1930 was Laura Gardin Fraser, who left 98 other (male) contestants behind. Information displayed above may differ slightly from other S&P 500 calculators. 75,932 views May 13, 2020 1.5K Dislike Share BlueRidgeSilverhound 253K subscribers #RecessionProofInvesting. When we think of rare coins, usually we think of coins minted hundreds of years ago. Second, look for one very specific quarter. 1988 P Washington quarter. The list also included a commemorative Isabella quarter struck in 1893, while the next coin was the Barber quarter, minted from 1892 to 1916. Most Washington quarters were struck with numerous error variations. One collector bought it for $403 in 2007. After all, worth is determined by what someone will pay for something, right? USA Coin Book Estimated Value of 1988-P Washington Quarter is Worth $16 or more in Uncirculated (MS+) Mint Condition. Finally, this design was permanently adopted and has been included in the list of American coinage until now. However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. 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%. Modern and abundant 1988 Washington quarters are inexpensive coins worth $0.25 to $1 in most cases. However, the coin had 20 interested bidders and sold for the asking price of $35,000. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! Now, one of the quarters has turned up for sale on eBay for $35,000. The total PCE inflation between these dates was 111.30%. Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. 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 $87,809.76 in 2023. Shape. The listing says it was part of a group of proof coin errors that were auctioned by the state of California. Expect only common values with only those MS-63 or higher with nominally higher pricing. 1988 Quarter (1 - 40 of 116 results) Price ($) 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 The listing recently turned up in an AOL.com roundup. Visit the link to learn more about each coin. Most circulated specimens price equals their face value, while most of those in the mint state cost only $0.35 to $1. You can count only on errors to be more expensive than those from the regular strikes. Other factors include location, inventory, and urgency of sale. The 1970-S Proof Washington quarter. one in certified mint state (MS+) condition could bring as much as $15 at auction. This section is more of a layman's guide, for those new to collecting. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). Keep reading to find out! Copyright 2014. The rarest and hardest to find Washington Quarter's Check out each link to learn more about each coin. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. - Last updated: August, 12 2022. #RecessionProofInvesting #CashForCoins #TreasureInPocketChangeHey everyone, I have another spinoff channel called BlueRidgeCollectibles where I share my other favorite hobbies. and mint state meaning it is certified MS+ by one of the top coin grading companies. That year, these coins composition included copper, which remained unchanged by now. (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. This chart shows the average rate of inflation for select CPI categories between 1988 and 2023. As noted above, this yearly inflation rate compounds to produce an overall price difference of 150.89% over 35 years. The Consumer Price Index, used above, is the most common standard used globally. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! The 1988 Washington quarter is a modern round coin with a reeded edge. Call or visit your local coin dealer for more information. You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. The compounding effect of inflation would account for 60.14% of returns ($655,622.00) during this period. 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. Value: Can usually be found and sold for somewhere between $0.26-$18.00 price dictated by condition, certification, and current demand. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Some 1970 Quarters Are Worth $35,000. coin grading scale. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. The quarter that's the belle of the coin ball and raking in tens of thousands of dollars? 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. Face Value: 0.25 USD. Expect only common values with only those MS-63 or higher with nominally higher pricing. 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. Here's how some cities fared in 1988 to 2023 (figures shown are purchasing power equivalents of $35,000): San Diego, California experienced the highest rate of inflation during the 35 years between 1988 and 2023 (3.49%). The site owner may have set restrictions that prevent you from accessing the site. Some 1970 Quarters Are Worth $35,000. - Last updated: July, 29 2022. Production: 3,262,000 Washington Quarters were minted at the San Francisco mint in 1988. Click here to see the most valuable coins ever minted. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. Therefore, the US Mint took advantage of the situation, and the new coin mintage was resumed the following year. 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