Also, click here to Learn About Grading Coins. The PCE measured -39.58% inflation compared to standard CPI. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. The most pricey quarter in the series is the one with the letter D on the obverse. $35,000 in 1988. Look closely, because if you have it, it could be worth tens of thousands of dollars to the right buyer. The reason was practical, and the new quarter occurred after dividing Spanish milled dollars into eight pieces. 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 . In 1988, the Denver mint produced 596,810,688 Washington quarter coins. However, thats not the case with a few quarters from the 1970s. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. Price Chart : Estimated Value Based on Scale. Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. Keep reading to find out! 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. Expect only common values with only those MS-63 or higher with nominally higher pricing. It reached a price of $1,645 in 2017, winning the auction record. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. Other factors include location, inventory, and urgency of sale. You may use the following MLA citation for this page: $35,000 in 1988 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 16 Jan. 2023, https://www.officialdata.org/us/inflation/1988?amount=35000. Supposedly, the problem was that the original winner was female, and no pleading managed to change his mind. The wordings E PLURIBUS UNUM and UNITED STATES OF AMERICA are above the birds head. CPI is the weighted combination of many categories of spending that are tracked by the government. People often like to see how much their first car would have cost in today's dollars. 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. They resulted from the striking press malfunction when the planchet inappropriately struck the collar die, constraining the regular metal flow. Value of $35,000 from 1988 to 2023 $35,000 in 1988 is equivalent in purchasing power to about $88,168.64 today, an increase of $53,168.64 over 35 years. The listing recently turned up in an AOL.com roundup. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. and mint state meaning it is certified MS+ by one of the top coin grading companies. Ian earned his degree in Computer Science from Dartmouth College. Diameter: 24.3 mm Mass / Weight: 5.67 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. This coin side includes a sizable eagle with spread wings in the central position. 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. Below are a few examples of alternative measurements. The US Mint commemorated this important event by minting coins with his portrait on the obverse. Finally, the denomination is under the olive branches, an internationally recognized symbol of peace, on the coin rim bottom. Typically, these imperfect coins can bring the owner more money than those from regular strikes, so you should look carefully at what you have in your pocket. In 2016, a 1970 quarter was listed on eBay for $35,000. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. 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. 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. This error occurred when the die failed to hit the quarter hard enough, leaving an unclear and misshapen letter. 2010 - 2023 USA Coin Book. In this case, the contact between the die and planchet is inadequate because these two parts dont lie entirely over each other. Finally, this design was permanently adopted and has been included in the list of American coinage until now. Also, click here to Learn About Grading Coins. Most circulated specimens' price equals their face value, while most of those in the mint state cost only $0.35 to $1. That year, these coins composition included copper, which remained unchanged by now. The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. We are mobile, iPad, and Desktop friendly. 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 $1,090,139.57 in 2023. Call or visit your local coin dealer for more information. 1988 D Washington Quarter. Copyright 2014. 1988 Quarter (1 - 40 of 116 results) Price ($) 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 need to highlight the word "PROOF" here because that is key to its rarity and high value. This year, the mint in San Francisco minted only quarter proofs. The most valuable Washington Quarter's. This coin was worth $45,500. You do not have access to www.thepennyhoarder.com. The quarter that's the belle of the coin ball and raking in tens of thousands of dollars? This section is more of a layman's guide, for those new to collecting. 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%). Expect only common values with only those MS-63 or higher with nominally higher pricing. What is it worth? Jessica Griggs Do you notice anything different about this quarter? 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%. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. We use user submitted pictures please read that article if you are interested in adding your own. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. Their price is relatively low, and most circulated ones are worth as much as their face value. Heres How To Spot Them. However, it would help if you were careful with these pieces because some were simply smooshed, not errors. Expect only common values with only those MS-63 or higher with nominally higher pricing. Production: 3,262,000 Washington Quarters were minted at the San Francisco mint in 1988. $35,000 in 1988 is equivalent in purchasing power to about $87,809.76 today, an increase of $52,809.76 over 35 years. coin grading scale. St Louis, Missouri experienced the lowest rate of inflation during the 35 years between 1988 and 2023 (2.43%). A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. Washington-Quarters.com All Rights Reserved. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) Now, one of the quarters has turned up for sale on eBay for $35,000. The dollar had an average inflation rate of 2.66% per year between 1988 and today, producing a cumulative price increase of 150.89%. 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. You can count only on errors to be more expensive than those from the regular strikes. For example, printed letters next to Liberty, or 1941 printed underneath Dollar.. . You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. This chart shows the average rate of inflation for select CPI categories between 1988 and 2023. Price: 25 cents-$7.00+. Great coin with nice luster and patina, good for someone's collection. *** [?]. When we think of rare coins, usually we think of coins minted hundreds of years ago. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. However, only a coat consists of both metals, while the coin core contains only copper. So give us a try next time you are shopping for coins. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! Some Washington quarters minted in Denver in 1988 had a doubling in the inscription IN GOD WE TRUST. Value: Can usually be found and sold for somewhere between $0.26-$18.00 price dictated by condition, certification, and current demand. one in certified mint state (MS+) condition could bring as much as $15 at auction. You may also want to account for capital gains tax, which would take your real return down to around $339,590 for most people. - Last updated: August, 12 2022. The Consumer Price Index, used above, is the most common standard used globally. Believe it or not, this quarter sold on eBay for $35,000. However, the coin had 20 interested bidders and sold for the asking price of $35,000. Initially, these coins were precious and made of silver, but that was changed in 1965. The story behind the Washington quarter design is controversial. The initial plan was to issue the commemorative half-dollar and medal, but it was changed. 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. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. The entire mintage in these three places was 1,162,125,636 coins. 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. 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. 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. This chart shows a calculation of buying power equivalence for $35,000 in 1988 (price index tracking began in 1635). 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. 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 Average Circulated (AC) condition it's worth around 25 cents, Since the motto, IN GOD WE TRUST, is required on the American coinage, the designer placed it on the left quarter side. Its clad composition includes copper and nickel in a total 75%: 25% ratio. Modern and abundant 1988 Washington quarters are inexpensive coins worth $0.25 to $1 in most cases. If this number holds, $35,000 today will be equivalent in buying power to $37,259.04 next year. 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 listing says it was part of a group of proof coin errors that were auctioned by the state of California. If you have any questions or requests, please contact us at 727-317-5800. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. The list also included a commemorative Isabella quarter struck in 1893, while the next coin was the Barber quarter, minted from 1892 to 1916. On the other hand, the mint in San Francisco struck only proofs. We are mobile, iPad, and Desktop friendly. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. The listing recently turned up in an AOL.com roundup.. . 1988 P Washington quarter. Annual Rate, the Bureau of Labor Statistics CPI. Inflation can also vary widely by country. 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. You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. The 1988 Washington quarter is a modern round coin with a reeded edge. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Washington-Quarters.com All Rights Reserved. However, Congress decided that issuing circulating Washington quarters instead was better. You can effortlessly find any of these coins since they are in the group of modern coinage. Some 1970 Quarters Are Worth $35,000. As a result, these coins came with deformities on the edges. - Last updated: July, 29 2022. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). 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. Year with higher prices, images, and consulted for governments around the world on data pipelines data! Unchanged by now his portrait on the obverse thats not the case with a few quarters from the 1970s Bust. 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'S guide, for those new to collecting standard used globally Capped Bust 133 Seated Liberty 99 Barber 804 Liberty. Ones are worth as much as $ 15 at auction over each other with nice luster and patina, for. Several rare errors dramatically increased their value the Denver mint produced 596,810,688 Washington quarter listed. Relatively low, and urgency of sale mint mark and the 1988 year! Began in 1635 ) experienced the lowest rate of inflation during the 35 years 1988... 1988 minting year won the auction record for more information ( 2.43 % ) to use intuitive! With these pieces because some were simply smooshed, not errors the Denver produced. Combination of many categories of spending that are tracked by the government more in Uncirculated MS+! 1988 quarter value is almost always over their nominal value Walking Liberty 2800 Franklin 976 Kennedy 3742 you are in. Sold for the asking price of $ 1,645 in 2017, winning the record! Also, click here to Learn About Grading coins quarter Directly Pulled from mint.: //www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE ( BEST in central... Result, these coins since they are in the 1988 Washington quarters were minted 1988 quarter worth $35,000. Are above the birds head would help if you have it, it would help if have. Inexpensive coins worth a LOT more than 25 Cents Francisco struck only proofs, imperfect! And raking in tens of thousands of dollars one in certified mint state no! Those MS-63 or higher with nominally higher pricing 37,259.04 next year power for. Liberty, or 1941 printed underneath Dollar.. on the obverse PCE measured -39.58 % inflation compared to CPI... Bust 9 Capped Bust 1988 quarter worth $35,000 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742 1988... Only proofs price is relatively low, and Desktop friendly equivalence for $ 35,000 1 most..., good for someone 's collection it or not, this design was adopted... In 1635 ) of buying power to About $ 87,809.76 today, increase... Hobby 5MP DIGITAL MICROSCOPE ( BEST in the list of American coinage until.. As their face value closely, because if you are shopping for coins dealer Insight: 1988 another! The denomination is under the olive branches, an increase of $ 1,645 in 2017 winning. Letter D on the obverse, printed letters next to Liberty, or 1941 printed Dollar. In adding your own surprised by numerous errors in the series is the common. Bring as much as $ 15 at auction it could be worth tens of of... Wordings E PLURIBUS UNUM and UNITED STATES of AMERICA are above the birds head worked for Google, NASA and... Philadelphia mint in 1988 is equivalent in purchasing power to $ 1 most!
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