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Washington Quarter Price Vs Mintage

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kceb10's Avatar
United States
392 Posts
 Posted 05/02/2009  1:47 pm Show Profile   Bookmark this topic Add kceb10 to your friends list Get a Link to this Message Number of Subscribers
I've been Putting together a MS set of Washington quarters, I'm down to getting some of the 1930's and the prices of these in MS grade is crazy


1932 5,404,000
1932-D 436,800
1932-S 408,000
1934 31,912,052
1934-D 3,527,200
1935 32,484,000
1935-D 5,780,000
1935-S 5,660,000
1936 41,303,837
1936-D 5,374,000
1936-S 3,828,000
1937 19,701,542
1937-D 7,189,600
1937-S 1,652,000
1938 9,480,045
1938-S 2,832,000
1939 33,548,795
1939-D 7,092,000
1939-S 2,628,000
1940 35,715,246
1940-D 2,797,600
1940-S 8,244,000
1941 79,047,287
1941-D 16,714,800
1941-S 16,080,000

here is the mintage figures for the early Washington quarters I want to know why 1936-D in MS63 is priced about $700 more that the 1937-S that has a mintage figure of 4 mil less. this is just one example, but does anyone have an idea why?
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Elimist's Avatar
United States
632 Posts
 Posted 05/02/2009  2:06 pm  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
Such odd trends typically run in most coin series. It all depends on the existing population of that coin and the specific grades of the coin.

Morgan dollars are a good example. You have several Morgan dollars priced higher than others even though the others have lower mintages. Several instances where you have two different year morgans, lets just give out random dates like '85 and '86. Lets say in EF condition the '85 is $100 and the '86 is $30, but in MS condition it may flip around where the '85 is $120 and the '86 is $300. I have actually seen some morgans sell for more in circulated condition than in Unc. condition because circulated coins of that year are rarer than Unc. coins of that year.

You could make an educated guess on why this happens, but in the end trends and existing coin populations is what sets the price for the most part. If I would have to give a good guess as to why the MS-63 36-D is so much higher than a lower mintage MS-63 37-S is because it is a historical trend for people to hoard san-franscisco mint coins. The san-franscisco mint has always been somewhat obscure and overshadowed by the larger philly and denver mints. So maybe when people came accross california quarters back then they were typically saved instead of spent which results in a higher population for a MS-63 37-D which results in a lower price.

I hope that made sense.
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biokemist6's Avatar
United States
12437 Posts
 Posted 05/02/2009  2:09 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I am working on a Washington set as well but I am getting AUs for some of the semi-keys and the 32D&S coins will eventually be VF30+(currently F-12s). The 1936-Ds are conditional rarities in MS as few were saved at the time during the Depression. Some of the early years had reasonably decent savings in MS, others were more limited. All the pre-1940s have gone up in value considerably in the past decade, probably due to State Quarter collectors that begin collecting the whole series.
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