The most pricey quarter in the series is the one with the letter D on the obverse. Finally, the denomination is under the olive branches, an internationally recognized symbol of peace, on the coin rim bottom. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. Compare this to the standard CPI measurement, which equates $35,000 with $87,809.76. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. The story behind the Washington quarter design is controversial. 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. In this case, the contact between the die and planchet is inadequate because these two parts dont lie entirely over each other. You do not have access to www.thepennyhoarder.com. Great coin with nice luster and patina, good for someone's collection. Click here to see the most valuable coins ever minted. 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. We need to highlight the word "PROOF" here because that is key to its rarity and high value. 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. On the other hand, the mint in San Francisco struck only proofs. For more details on the S&P 500 between 1988 and 2023, see the stock market returns calculator. The entire mintage in these three places was 1,162,125,636 coins. Steps Leading to Value: Breaking down these categories helps explain the main drivers behind price changes. If you have any questions or requests, please contact us at 727-317-5800. Year: 1988. That is the primary reason collectors look only for specimens in top-notch condition. The listing recently turned up in an AOL.com roundup. The list also included a commemorative Isabella quarter struck in 1893, while the next coin was the Barber quarter, minted from 1892 to 1916. 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. 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. Initially, these coins were precious and made of silver, but that was changed in 1965. CPI is the weighted combination of many categories of spending that are tracked by the government. Such a high mintage results in a low value of these coins. How much was $35,000 worth in 1988? Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. Believe it or not, this quarter sold on eBay for $35,000. In 2016, a 1970 quarter was listed on eBay for $35,000. Coin Value Chart: Typical Coin Prices, Values and Worth in USD based on Grade/Condition. The Seated Liberty quarter, minted from 1838 to 1891, was the first one made of 90% fine silver. Some 1970 Quarters Are Worth $35,000. For reference, heres a 1941 Canadian quarter: Now, looking back to the 1970 quarter, you can see subtle markings of the original Canadian coin. When we think of rare coins, usually we think of coins minted hundreds of years ago. People often like to see how much their first car would have cost in today's dollars. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. 21,194 views Dec 8, 2021 580 Dislike Share Couch Collectibles 440K subscribers 1988 Quarter Error Coins Worth A LOT More Than 25 Cents!. American Women. However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. 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. Prices listed are for MS-65 certified. The 1970-S Proof Washington quarter. The initial plan was to issue the commemorative half-dollar and medal, but it was changed. Ian Webster is an engineer and data expert based in San Mateo, California. By calculating the value in 1988 dollars, the chart below shows how $35,000 is worth less over 35 years. The 1988 Washington quarter is one of the pieces of the series struck from 1932 to 1998 with the same reverse design. - Last updated: August, 12 2022. 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. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. 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. - Do You Have This Coin? Second, look for one very specific quarter. This year, the mint in San Francisco minted only quarter proofs. 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? Only higher-rated ones can be worth about $55 to $65. Mint Mark: S. Type: Quarter Dollar. In this error, the planchet wasnt appropriately shaped. Its clad composition includes copper and nickel in a total 75%: 25% ratio. 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. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. 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 has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. The PCE Price Index is the U.S. Federal Reserve's preferred measure of inflation, compiled by the Bureau of Economic Analysis. 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. Since the plan included minting these quarters for only a year, the production was suspended in 1933. Shape. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. We are mobile, iPad, and Desktop friendly. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Modern and abundant 1988 Washington quarters are inexpensive coins worth $0.25 to $1 in most cases. The dollar had an average inflation rate of 2.66% per year between 1988 and today, producing a cumulative price increase of 150.89%. coin grading scale. 1988 D Washington Quarter. Some 1970 Quarters Are Worth $35,000. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. In 2016, a 1970 quarter was listed on eBay for $35,000. KGW-TV reports seller Mike. 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%. 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. Other . On top of that, literally? Since these quarters are modern and less than 35 years old, you shouldnt expect them to be rare. You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. As expected, cupronickel-clad coins are less valuable than those containing silver, but they are still collectible. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Diameter: 24.3 mm Mass / Weight: 5.67 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. After all, worth is determined by what someone will pay for something, right? Look closely, because if you have it, it could be worth tens of thousands of dollars to the right buyer. 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. Visit the link to learn more about each coin. We use user submitted pictures please read that article if you are interested in adding your own. You may also want to account for capital gains tax, which would take your real return down to around $339,590 for most people. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. 2 Draped Bust 9 Capped Bust 133 Seated Liberty quarter, minted from 1838 to 1891 was... 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