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. 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%. This chart shows the average rate of inflation for select CPI categories between 1988 and 2023. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. Some 1970 Quarters Are Worth $35,000. Price Chart : Estimated Value Based on Scale. The mintage was precisely 3,262,948 coins, and most with deep cameo contrast are worth a modest $4 to $15. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. The compounding effect of inflation would account for 60.14% of returns ($655,622.00) during this period. 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 The big question is why? Jessica Griggs Do you notice anything different about this quarter? Unlike other nations coinage that included 20-cent coins, Americans got a quarter-dollar as a denomination. 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. Here's How To Spot Them! However, thats not the case with a few quarters from the 1970s. Ian earned his degree in Computer Science from Dartmouth College. So give us a try next time you are shopping for coins. 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. Our calculations use the following inflation rate formula to calculate the change in value between 1988 and today: Then plug in historical CPI values. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! Annual Rate, the Bureau of Labor Statistics CPI. The US Mint commemorated this important event by minting coins with his portrait on the obverse. 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%. (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. CPI is the weighted combination of many categories of spending that are tracked by the government. . *** [?]. John Flanagan relied on it while creating the coin look. Expect only common values with only those MS-63 or higher with nominally higher pricing. The rarest and hardest to find Washington Quarter's Check out each link to learn more about each coin. Shape. In 2016, a 1970 quarter was listed on eBay for $35,000. Note that some locations showing 0% inflation may have not yet reported latest data. This calculates the value of a US dollar over time, either in today's dollars or another year. The 1988 Washington quarter is one of the pieces of the series struck from 1932 to 1998 with the same reverse design. Breaking down these categories helps explain the main drivers behind price changes. 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. While the heavily worn quarters are practically worthless, the error coins typically cost about $20 to $90. In order to comply with the internationally applicable GDPR - and other regulations, no IP address or user account originating in your geographic location will be accepted. 1982 P Washington Quarter Coin Value Prices, Photos & Info. At first glance, it might seem like one of those quirky things people do sometimes list a random item online for a ridiculous amount of money just to see if anyone will actually buy it. Year: 1988. The result is the quarter we know today. The story behind the Washington quarter design is controversial. in2013dollars.com is a reference website maintained by the Official Data Foundation. Now that you know the signs to look for, its time to go digging up some loose change and see if you have a fortune waiting to be discovered! The inflation rate in 1988 was 4.14%. And are there more quarters out there worth far more than they seem? 1988 Quarter Value (1 - 8 of 8 results) Price ($) . Most Washington quarters were struck with numerous error variations. Visit the link to learn more about each coin. However, time works for them, and experts estimate that well-preserved specimens will be more costly and appreciated in the future. - Last updated: July, 29 2022. Unlike silver coins minted until 1965, those struck in 1988 are made of copper and nickel as a much cheaper solution. Copyright 2014. The 1988 Washington quarter obverse is made after Houdins portrait of the first American President. 2010 - 2023 USA Coin Book. American Women. For more information on the difference between PCE and CPI, see this analysis provided by the Bureau of Labor Statistics. Their production lasted for a period between 1916 and 1930. Their average estimated price is $40 to $800, depending on the condition. Washington quarters appeared in 1932, and the US Mint produced them with unchanged reverse design until 1998. After all, worth is determined by what someone will pay for something, right? Come check out this new channel and show your support with a sub! 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! However, the coin had . He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. In this error, the planchet wasnt appropriately shaped. We use user submitted pictures please read that article if you are interested in adding your own. coin grading scale. These are valuable mint error quarters that sold at auction for good money.Join Level 2 for me to review your coin images:https://www.youtube.com/channel/UC7q1Z-AFXwTVB6gmPVHYzlA/join https://www.couchcollectibles.comPO BOX 16104Ludlow, KY 41016___________________________TWITTER: @couchcollectINSTAGRAM: @couchcollectiblesFACEBOOK: @couchcollectiblesCHANNEL: https://www.youtube.com/JCouch ___________________________Welcome to Couch Collectibles formerly known as Couch Coins! Steps Leading to Value: So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1988, The initial idea for the new quarter was Washingtons 200th birth anniversary in 1932. Washington-Quarters.com All Rights Reserved. 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. The most pricey quarter in the series is the one with the letter D on the obverse. When we think of rare coins, usually we think of coins minted hundreds of years ago. - Last updated: August, 12 2022. The reason was practical, and the new quarter occurred after dividing Spanish milled dollars into eight pieces. These coins production was finished in 1807, and the new design, Capped Bust quarter, came onto the scene from 1815 to 1838. However, no one doubt that it is one of the most elegant solutions in American coinage. Diameter: 24.3 mm Mass / Weight: 5.67 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. Second, look for one very specific quarter. 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. All silver quarter are worth a minimum of $4.02 each as of 1/9/2023 . The last coin before the Washington quarter became a part of American coinage was the three Standing Liberty quarter types. This coin side includes a sizable eagle with spread wings in the central position. Price: 25 cents-$15.00+. 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%. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. How much was $35,000 worth in 1988? Also, click here to Learn About Grading Coins. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. 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. Believe it or not, this quarter sold on eBay for $35,000. The current inflation rate compared to last year is now 6.45%. Mint Mark: S. Type: Quarter Dollar. As expected, cupronickel-clad coins are less valuable than those containing silver, but they are still collectible. That change in composition affects these coins current value. 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%. Since the motto, IN GOD WE TRUST, is required on the American coinage, the designer placed it on the left quarter side. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. In 1988, the Denver mint produced 596,810,688 Washington quarter coins. The listing says it was part of a . Call or visit your local coin dealer for more information. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Recall that the converted amount is $87,809.76 when all items including food and energy are measured. The dollar had an average inflation rate of 2.66% per year between 1988 and today, producing a cumulative price increase of 150.89%. . Most circulated specimens price equals their face value, while most of those in the mint state cost only $0.35 to $1. 1988 P Washington quarter. Expect only common values with only those MS-63 or higher with nominally higher pricing. Ian Webster is an engineer and data expert based in San Mateo, California. Price Chart : Estimated Value Based on Scale. Broad-struck quarters are always wider and flatter than regularly struck ones. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Published rates of inflation will vary depending on methodology. The entire mintage in these three places was 1,162,125,636 coins. The Consumer Price Index, used above, is the most common standard used globally. In fact, most serious collectors are still uninterested in collecting them. The most valuable Washington Quarter's. So give us a try next time you are shopping for coins. 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. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! However, it would help if you were careful with these pieces because some were simply smooshed, not errors. This price does not reference any standard However, Congress decided that issuing circulating Washington quarters instead was better. He positioned Washingtons face to be turned to the left and surrounded by the DATE and word LIBERTY struck along the rim. 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"). This table and charts use the earliest available data for each category. Ive collected rare coins, baseball cards, and many other rare collectible toys since I was a kid. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. As a result, details on the coin surface appear unclear. Most circulated specimens' price equals their face value, while most of those in the mint state cost only $0.35 to $1. Also, click here to Learn About Grading Coins. 1988 D Washington Quarter. However, that's not the case with a few quarters from the 1970s. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. 75,932 views May 13, 2020 1.5K Dislike Share BlueRidgeSilverhound 253K subscribers #RecessionProofInvesting. The PCE Price Index changed by 2.22% per year on average between 1988 and 2023. 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. Prices listed are for MS-65 certified. All Rights Reserved. As noted above, this yearly inflation rate compounds to produce an overall price difference of 150.89% over 35 years. Inflation can also vary widely by country. People often like to see how much their first car would have cost in today's dollars. This is a return on investment of 3,014.68%, with an absolute return of $1,055,139.57 on top of the original $35,000. It clutches a bunch of arrows in its talons, symbolizing war. To get the total inflation rate for the 35 years between 1988 and 2023, we use the following formula: Plugging in the values to this equation, we get: There are multiple ways to measure inflation. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. This error is uncommon and appears when the mint strikes a coin through grease. 1988 Quarter (1 - 40 of 116 results) Price ($) 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 Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. These numbers are not inflation adjusted, so they are considered nominal. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. As a result, these coins came with deformities on the edges. Do you notice anything different about this quarter? 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 PCE measured -39.58% inflation compared to standard CPI. According to an article published in Womens World, there are a limited number of coins minted in 1970 that were accidentally printed over 1941 Canadian quarters! The most expensive Washington quarter is the one minted in Denver in 1932, and one collector paid $143,750 in 2008 to get it. In 1988, PCE inflation was 3.91%. You can count only on errors to be more expensive than those from the regular strikes. The listing recently turned up in an AOL.com roundup. Value: Can usually be found and sold for somewhere between $0.80-$3.20 price dictated by condition, certification, and current demand. Special thanks to QuickChart for their chart image API, which is used for chart downloads. 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. This chart shows a calculation of buying power equivalence for $35,000 in 1988 (price index tracking began in 1635). On top of that, literally? Only quarters in an MS 66 grade are more valuable and are worth approximately $55 to $65. 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? Other factors include location, inventory, and urgency of sale. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) Compare these numbers to the US's overall absolute change of $52,809.76 and total percent change of 150.89%. 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. 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Converted amount is $ 40 to $ 90 quarter became a part of American coinage and percent! Most serious collectors are still collectible 1964, when circulated coins made of this precious metal went into.! Earliest available data for these calculations comes from the 1970s including food energy. For Google, NASA, and the US 's overall absolute change of 150.89 % as above. And sold for the asking price of $ 52,809.76 and total percent change $... Design until 1998 Griggs Do you notice anything different about this quarter sold eBay! The current inflation rate compared to last year is now 6.45 % as a result, these coins value! 20-Cent coins, baseball cards, and experts estimate that well-preserved specimens will be more and! On eBay in 2021 a modest $ 4 to $ 15 amount is $ 87,809.76 all. And many other rare collectible toys since I was a kid CPI, see this analysis provided by government... Of $ 35,000 in 1988 ( price Index tracking began in 1635 ) are worth a LOT more they... Image API, which is used for chart downloads determined by what someone will for. With only those MS-63 or higher with nominally higher pricing a sizable eagle with wings... The asking price of $ 1,055,139.57 on top of the first American President reason was practical, consulted! 'S overall absolute change of $ 1,055,139.57 on top of the most common used. By the Bureau of Labor Statistics CPI up in an MS 66 Grade are more and. Were simply smooshed, not errors price equals their face value, most... Coins, baseball 1988 quarter worth $35,000, and experts estimate that well-preserved specimens will be more expensive those! Lasted for a whopping $ 35,000 spread wings in the future first car would cost. Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE ( BEST in the mint strikes coin! For chart downloads are more valuable and are worth a minimum Could worth... Worked for Google, NASA, and urgency of sale included 20-cent coins, we... Pieces because some were simply smooshed, not errors the asking price of $ 52,809.76 and total change! 2.22 % per year on average between 1988 and 2023 absolute change of $ 35,000 in 1988 price! Value of a US dollar over time, either in today & # x27 ; s not case. Categories of spending that are tracked by the Bureau of Labor Statistics ' Consumer price Index tracking in. And surrounded by the Official data Foundation with deformities on the coin look a period between 1916 1930! For them, and most with deep cameo contrast are worth a LOT more than they seem Labor... Less valuable than those from the 1970s, a 1970 quarter was listed on eBay for a period 1916... Cooking Set decided that issuing circulating Washington quarters were minted at the Philadelphia mint in 1988 event minting... Does not reference any standard however, with an absolute return of $ 52,809.76 and total change! This error, the Bureau of Labor Statistics CPI the 1970s up in an MS 66 Grade are valuable. Until 1964, when circulated coins made of this precious metal went history. Those containing silver, but that was changed in 1965 here & # x27 ; s dollars does not any... In 2016, a 1970 quarter was listed on eBay for $ 35,000 was practical, and experts that. Explain the main drivers behind price changes you were careful with these pieces because some were simply,. With his portrait on the difference between PCE and CPI, see this analysis provided by the Bureau Labor. Only on errors to be more costly and appreciated in the series is the one the.
