Below are a few examples of alternative measurements. In other words, a dollar will pay for fewer items at the store. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. 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. Now, one of the quarters has turned up for sale on eBay for $35,000. So give us a try next time you are shopping for coins. 2010 - 2023 USA Coin Book. For example, printed letters next to Liberty, or 1941 printed underneath Dollar.. 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. and mint state meaning it is certified MS+ by one of the top coin grading companies. 1968 Canada 10 Cents. 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. St Louis, Missouri experienced the lowest rate of inflation during the 35 years between 1988 and 2023 (2.43%). KGW-TV reports seller Mike. one in certified mint state (MS+) condition could bring as much as $15 at auction. CPI is the weighted combination of many categories of spending that are tracked by the government. 1982 P Washington Quarter Coin Value Prices, Photos & Info. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. How much was $35,000 worth in 1988? The reason was practical, and the new quarter occurred after dividing Spanish milled dollars into eight pieces. Alternative measurements are sometimes used based on context and economic/political circumstances. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. $350.00 Free shipping or Best Offer 78 watching SPONSORED Since the motto, IN GOD WE TRUST, is required on the American coinage, the designer placed it on the left quarter side. And are there more quarters out there worth far more than they seem? The most valuable Washington Quarter's. Other . Production: 3,262,000 Washington Quarters were minted at the San Francisco mint in 1988. 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 $750 on eBay in 2021. However, Congress decided that issuing circulating Washington quarters instead was better. What is it worth? 1988 Quarter Value (1 - 8 of 8 results) Price ($) . That change in composition affects these coins current value. Also, click here to Learn About Grading Coins. The dollar had an average inflation rate of 2.67% per year between 1988 and today, producing a cumulative price increase of 151.91%. It measures the change in prices of goods and services purchased by consumers. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. *** [?]. Copyright 2014. Year: 1988. Therefore, the US Mint took advantage of the situation, and the new coin mintage was resumed the following year. Our calculations use the following inflation rate formula to calculate the change in value between 1988 and today: Then plug in historical CPI values. However, thats not the case with a few quarters from the 1970s. In 1988, core inflation was 4.41%. This is a good way to estimate what a certain wage or price could buy in a specific year. Broad-struck quarters are always wider and flatter than regularly struck ones. Come along and join me on this exciting journey by subscribing right now as we look at the most valuable toy collectibles and rare coins that you could find at yard sales, flea markets and garage sales!MUSIC USED ON CHANNEL CREATED BY: Alan Walker, Kevin MacLeod, Marcus, Maxzwell, Doc Hollywood, Breakfast at Tiffanys Instrumental, Party Drug Instrumental, Partner In Crime Instrumental.DISCLAIMER: Some non affiliate links may have been used throughout the video creation process of this content.#coins #money I'm sharing this collecting experience with others through educational videos on YouTube. By calculating the value in 1988 dollars, the chart below shows how $35,000 is worth less over 35 years. 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 . Price Chart : Estimated Value Based on Scale. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. Visit the link to learn more about each coin. Unlike silver coins minted until 1965, those struck in 1988 are made of copper and nickel as a much cheaper solution. Their average estimated price is $40 to $800, depending on the condition. Coins with this error type came with the filled letter P, representing the mint mark. American Women. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Great coin with nice luster and patina, good for someone's collection. This means the inflation-adjusted real return of our $35,000 investment is $399,517.57. Ian Webster is an engineer and data expert based in San Mateo, California. 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%. 1988 P Washington quarter. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Do you notice anything different about this quarter? Also, click here to Learn About Grading Coins. Year: 1988. The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. In 1988, PCE inflation was 3.91%. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. - Last updated: August, 12 2022. Some Washington quarters minted in Denver in 1988 had a doubling in the inscription IN GOD WE TRUST. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! It reached a price of $1,645 in 2017, winning the auction record. This is a labor of love you might say, so it is resource intensive and slow. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. One collector bought it for $403 in 2007. 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 most pricey quarter in the series is the one with the letter D on the obverse. In Average Circulated (AC) condition it's worth around 25 cents, These relatively modern pieces are typically worth their face value, with only several exceptions. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. The 1970-S Proof Washington quarter. - Do You Have This Coin? 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? In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. 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. Believe it or not, this quarter sold on eBay for $35,000. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! When we think of rare coins, usually we think of coins minted hundreds of years ago. Its clad composition includes copper and nickel in a total 75%: 25% ratio. For comparison, in the UK 35,000.00 in 1988 would be equivalent to 120,076.60 in 2023, an absolute change of 85,076.60 and a cumulative change of 243.08%. By 1965, this coin contained 90% silver, but modern pieces were made of cupro-nickel clad over a copper core. However, that's not the case with a few quarters from the 1970s. The big question is why? 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. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1988, Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. We are mobile, iPad, and Desktop friendly. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. Only quarters in an MS 66 grade are more valuable and are worth approximately $55 to $65. After all, worth is determined by what someone will pay for something, right? Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1988. Since these specimens are not properly clad with nickel, their surface is differently colored. Modern quarters minted beginning 1965 are worth a premium in Mint State (no wear) condition. The last coin before the Washington quarter became a part of American coinage was the three Standing Liberty quarter types. Click here to Learn How to use Coin Price Charts. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. Shape. This coin side includes a sizable eagle with spread wings in the central position. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. coin grading scale. Their price is relatively low, and most circulated ones are worth as much as their face value. The mintage was precisely 3,262,948 coins, and most with deep cameo contrast are worth a modest $4 to $15. After all, worth is determined by what someone will pay for something, right? The quarter that's the belle of the coin ball and raking in tens of thousands of dollars? However, you can find silver pieces dedicated to collectors minted in the jubilee 1976 year. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. Now, one of the quarters has turned up for sale on eBay for $35,000. Unfortunately, the then-Secretary of the Treasury refused to respect the results of the competition and favored John Flanagans creation. They resulted from the striking press malfunction when the planchet inappropriately struck the collar die, constraining the regular metal flow. 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. Washington-Quarters.com is an easy to use and intuitive interface that manages prices, images, and other details related to Washington Quarters. Expect only common values with only those MS-63 or higher with nominally higher pricing. The Consumer Price Index, used above, is the most common standard used globally. On top of that, literally? Compare these numbers to the US's overall absolute change of $52,809.76 and total percent change of 150.89%. 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. Serious collectors also sat aside high sums for some other quarters, including the one struck the same year in San Francisco. Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. Quarter history began in 1796 when the first Draped Bust quarter containing 89.24% fine silver was released into circulation. Read more about inflation and investment. The total PCE inflation between these dates was 111.30%. The listing says it was part of a group of proof coin errors that were auctioned by the state of California. He positioned Washingtons face to be turned to the left and surrounded by the DATE and word LIBERTY struck along the rim. Click here to Learn How to use Coin Price Charts. in2013dollars.com is a reference website maintained by the Official Data Foundation. The PCE Price Index is the U.S. Federal Reserve's preferred measure of inflation, compiled by the Bureau of Economic Analysis. In this case, the contact between the die and planchet is inadequate because these two parts dont lie entirely over each other. The dollar had an average inflation rate of 2.66% per year between 1988 and today, producing a cumulative price increase of 150.89%. 2010 - 2023 USA Coin Book. This chart shows a calculation of buying power equivalence for $35,000 in 1988 (price index tracking began in 1635). Rob Paulsen 1988 Quarter Value (Rare Errors, D, S & No Mint Marks). In 2016, a 1970 quarter was listed on eBay for $35,000. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. The inflation rate in 1988 was 4.14%. The current inflation rate compared to last year is now 6.45%. Other factors include location, inventory, and urgency of sale. Compare this to the standard CPI measurement, which equates $35,000 with $87,809.76. 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. This effect explains how inflation erodes the value of a dollar over time. . 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. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). In fact, most serious collectors are still uninterested in collecting them. This table and charts use the earliest available data for each category. Prices listed are for MS-65 certified. 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. #RecessionProofInvesting #CashForCoins #TreasureInPocketChangeHey everyone, I have another spinoff channel called BlueRidgeCollectibles where I share my other favorite hobbies. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. 66 Liberty Cap 1. 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. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. 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