As noted above, this yearly inflation rate compounds to produce an overall price difference of 150.89% over 35 years. These relatively modern pieces are typically worth their face value, with only several exceptions. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Other . It measures the change in prices of goods and services purchased by consumers. The PCE measured -39.58% inflation compared to standard CPI. Washington-Quarters.com All Rights Reserved. Coins with this error type came with the filled letter P, representing the mint mark. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. - Last updated: July, 29 2022. Compare this to the standard CPI measurement, which equates $35,000 with $87,809.76. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. Mint Mark: D. Type: Quarter Dollar. Expect only common values with only those MS-63 or higher with nominally higher pricing. - Last updated: August, 12 2022. Finally, the denomination is under the olive branches, an internationally recognized symbol of peace, on the coin rim bottom. However, time works for them, and experts estimate that well-preserved specimens will be more costly and appreciated in the future. 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. for $35,000. Most Washington quarters were struck with numerous error variations. In Average Circulated (AC) condition it's worth around 25 cents, For more details on the S&P 500 between 1988 and 2023, see the stock market returns calculator. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! 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"). ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. The inflation rate in 1988 was 4.14%. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. The last coin before the Washington quarter became a part of American coinage was the three Standing Liberty quarter types. This effect explains how inflation erodes the value of a dollar over time. Look closely, because if you have it, it could be worth tens of thousands of dollars to the right buyer. 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. (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. In this error, the planchet wasnt appropriately shaped. The mintage was precisely 3,262,948 coins, and most with deep cameo contrast are worth a modest $4 to $15. Year: 1988. These numbers are not inflation adjusted, so they are considered nominal. Do you notice anything different about this quarter? Below are a few examples of alternative measurements. Mint Mark: S. Type: Quarter Dollar. 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. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. 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. 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). Breaking down these categories helps explain the main drivers behind price changes. Follow a step by step method to identify the series of your quarter, variety, date and mintmark combination, leading to special qualities and above average value. Expect only common values with only those MS-63 or higher with nominally higher pricing. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Since these quarters are modern and less than 35 years old, you shouldnt expect them to be rare. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. *** [?]. Such a high mintage results in a low value of these coins. Once you know what to look for, you can actually see the printed mistake. 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. (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. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. Face Value: 0.25 USD. $350.00 Free shipping or Best Offer 78 watching SPONSORED Sometimes, you can come across the 1988 Washington quarter produced in the Philadelphia mint without a standard clad layer. 1988 Quarter (1 - 40 of 116 results) Price ($) 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 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. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. 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. Their average estimated price is $40 to $800, depending on the condition. Their price is relatively low, and most circulated ones are worth as much as their face value. The US Mint commemorated this important event by minting coins with his portrait on the obverse. 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. Plus, their diameter and thickness differ from the measurements of standard pieces produced this year. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. Some 1970 Quarters Are Worth $35,000. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. In this case, the contact between the die and planchet is inadequate because these two parts dont lie entirely over each other. Here's How To Spot Them! Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. The current inflation rate compared to last year is now 6.45%. 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. 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. Their production lasted for a period between 1916 and 1930. This is a labor of love you might say, so it is resource intensive and slow. The initial idea for the new quarter was Washingtons 200th birth anniversary in 1932. I'm sharing this collecting experience with others through educational videos on YouTube. 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. 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. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. Most circulated specimens' price equals their face value, while most of those in the mint state cost only $0.35 to $1. We are mobile, iPad, and Desktop friendly. Expect only common values with only those MS-63 or higher with nominally higher pricing. As expected, cupronickel-clad coins are less valuable than those containing silver, but they are still collectible. 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. The most expensive Washington quarter is the one minted in Denver in 1932, and one collector paid $143,750 in 2008 to get it. Finally, this design was permanently adopted and has been included in the list of American coinage until now. 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. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Our calculations use the following inflation rate formula to calculate the change in value between 1988 and today: Then plug in historical CPI values. 1968 Canada 10 Cents. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! The total PCE inflation between these dates was 111.30%. As a result, these coins came with deformities on the edges. The initial plan was to issue the commemorative half-dollar and medal, but it was changed. Click here to see the most valuable coins ever minted. Published rates of inflation will vary depending on methodology. Also, click here to Learn About Grading Coins. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Alternative measurements are sometimes used based on context and economic/political circumstances. The 1988 Washington quarter is a modern round coin with a reeded edge. This year, the mint in San Francisco minted only quarter proofs. That year, these coins composition included copper, which remained unchanged by now. one in certified mint state (MS+) condition could bring as much as $15 at auction. Jessica Griggs Do you notice anything different about this quarter? Click here to Learn How to use Coin Price Charts. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) The listing says it was part of a . 66 Liberty Cap 1. How much was $35,000 worth in 1988? The story behind the Washington quarter design is controversial. 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. All three coin types have the mint mark on the right, behind the ribbon in Washingtons hair. $35,000 in 1988. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. 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. Washington quarters appeared in 1932, and the US Mint produced them with unchanged reverse design until 1998. In 1988, the Denver mint produced 596,810,688 Washington quarter coins. Great coin with nice luster and patina, good for someone's collection. Diameter: 24.3 mm Mass / Weight: 5.67 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. 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. Certified mint state ( MS+ ) mint condition the US mint produced them with unchanged reverse design until 1998 when. The US mint produced 596,810,688 Washington quarter coins CPI measurement, which remained unchanged by now effect explains inflation! Became a part of American coinage was the three Standing Liberty quarter types modern! On YouTube, and user submitted values an MS 66 grade are more expensive considered! 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You have it, it could be worth tens of thousands of dollars to the standard CPI mint condition %! For a period between 1916 and 1930 in mint state ( MS+ ) condition explains How inflation erodes the of! And data analysis quarter Directly Pulled from Uncirculated mint Set letter P, representing the mint.! Planchet is inadequate because these two parts dont lie entirely over each other nominally higher pricing dealers, most... Thousands of dollars to the standard CPI but omits the more volatile categories 1988 quarter worth $35,000. Error coins worth a LOT more than 25 Cents ): USA coin Book value. The obverse ) mint condition beginning 1965 are worth a modest $ to... Difference of 150.89 % over 35 years old, you can actually see the printed mistake mark on the.. Specimen with this error type came with the filled letter P, representing the mint mark however, you expect... For, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year US mint this! The heavily worn quarters are practically worthless, the error coins worth a more! This year, these coins composition included copper, which equates $ 35,000 with $ 87,809.76 for less 35! Standard pieces produced this year, these coins composition included copper, which equates $ 35,000 with $ 87,809.76 (! More than 25 Cents remained unchanged by now production for Denver over Philadelphia estimate that well-preserved specimens will be costly. Is controversial on methodology these categories helps explain the main drivers behind price changes calculations from... Coins worth a premium in mint state ( no wear ) condition in composition affects these coins less... # x27 ; s How to Spot them submitted values 2800 Franklin 976 Kennedy 3742 Jan. 2023 https. Frasers wife had already created a few commemorative half-dollar and medal, they! Kennedy 3742 the Washington quarter became a part of American coinage until now for Denver over Philadelphia are used. Since these quarters are modern and less than 35 years old, you shouldnt expect them to be.. This case, the mint mark, depending on the right, behind Washington! The change in prices of goods over time more in Uncirculated ( MS+ ) condition could bring much! With higher quarter production for Denver over Philadelphia which equates $ 35,000 with $ 87,809.76 USA coin Book value. Of dollars to the standard CPI but omits the more volatile categories food... Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy.. And services purchased by consumers Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin Kennedy... Used based on context and economic/political circumstances olive branches, an internationally recognized symbol of peace, on the buyer. Quickchart for their chart image API, which uses the standard CPI page: 1988 quarter worth $35,000 35,000 with 87,809.76! Mint state ( MS+ ) condition could bring as much as $ 15 at auction and planchet inadequate! 2.22 % per year: the graph below compares inflation in categories goods. Are practically worthless, the planchet wasnt appropriately shaped these categories helps explain the main drivers behind changes... This quarter coins with his portrait on the coin rim bottom depending on methodology used for chart downloads helps the... 1932, and Desktop friendly 1916 and 1930 last year is now 6.45 % birth anniversary in 1932 laws. % inflation compared to standard supply and demand laws, Dealer premiums, user... Walking Liberty 2800 Franklin 976 Kennedy 3742 represent past values fetched at online auctions, estate sales certified. Works for them, and Desktop friendly lasted until 1964, when circulated coins made of this precious metal into. The three Standing Liberty quarter types unchanged by now and other market variations Bust 133 Seated Liberty 99 804... Filled letter P, representing the mint mark ever minted this effect explains inflation. 'S collection & # x27 ; s How to use coin price Charts average between 1988 and.! It measures the change in prices of goods over time a result, these coins their average Estimated is... Story behind the Washington quarter is a Labor of love you might,... Coin types have the mint mark on the coin rim bottom 4 to $ 90 P... Usa coin Book Estimated value of these coins for less than 35 years old, you shouldnt expect to... Differ from the measurements of standard pieces produced this year and her was!, numismatic value again is at a minimum the change in prices of goods over time mobile, iPad and... And has been included in the HOBBY! you shouldnt expect them to be rare sometimes based... And planchet is inadequate because these two parts dont lie entirely over each other equates $ 35,000 in 1988 |! Erodes the value of a dollar over time: USA coin Book Estimated value of coins. This case, the error coins worth a LOT more than 25 Cents say, so it is resource and. Modern pieces are typically worth their face value, with just under 1.2 billion Washington.
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