As the 1932 Washington Quarter from the Philadelphia Mint has the highest mintage for the year, this is also the coin which is the easiest to find in all grades, although eye-appeal is sometimes lacking. Gems are scarce, although not to the extent of the 1932-D or 1932-S, and can be found with some searching. The finest 1932 Washington Quarters certified by PCGS are two pieces which have been graded as MS-67. NGC has also graded two coins in MS67 as the finest examples. The record for this issue at public auction stands at $21,850 for one of the pieces graded by PCGS as MS-67. The Philadelphia Mint 1932 Washington Quarter is a coin which remains popular, representing the first year of issue for the series, and is usually in demand across all grades.
The 1932-D is much rarer in gem condition, with the single finest known example graded by PCGS as MS-66 and 63 pieces certified in MS-65. The latter population no doubt has been heavily influenced by resubmissions, as they are seldom seen at public auctions and trade very infrequently. NGC has graded eighteen coins at the MS65 grade level, with none finer. The sole MS-66 example holds the record price for this issue at public auction, selling for an amazing $143,750. Circulated coins are much more affordable, often costing just a few hundred dollars, although they remain scarce due to the low mintage of this issue.
The 1932-S Washington Quarter is slightly more available in gem compared to the 1932-D, although the difference is rather minimal. PCGS has graded four coins in MS-66 and a total of 101 in MS65, with this number once again likely influenced by resubmissions. NGC has graded five coins at the MS-66 level and 63 pieces in MS65. The highest price paid at public auction for a 1932-S quarter stands for a PCGS MS-65 graded example which sold for $ 21,850 in November of 2003. More recently two NGC MS-66 pieces sold for almost $ 11,000 each at public auction, while a PCGS MS-66 sold for $18,400 in August of 2001. These offerings are very infrequent and eye-appeal plays a very important role in determining the value of individual pieces. The 1932-S, like the 1932-D, can be found without much difficulty in circulated condition selling for roughly the same prices.