Year: 1988. 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 Beautiful High Grade Quarter Directly Pulled from Uncirculated Mint Set. Below are a few examples of alternative measurements. Mint Mark: D. Type: Quarter Dollar. 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%. The story behind the Washington quarter design is controversial. By calculating the value in 1988 dollars, the chart below shows how $35,000 is worth less over 35 years. Unfortunately, the then-Secretary of the Treasury refused to respect the results of the competition and favored John Flanagans creation. Most circulated specimens' price equals their face value, while most of those in the mint state cost only $0.35 to $1. and mint state meaning it is certified MS+ by one of the top coin grading companies. Expect only common values with only those MS-63 or higher with nominally higher pricing. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. 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"). The new coin was two-eighths, resulting in an old nickname, Two Bits, for this type. The most valuable Washington Quarter's. By 1965, this coin contained 90% silver, but modern pieces were made of cupro-nickel clad over a copper core. After all, worth is determined by what someone will pay for something, right? So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1988, The average inflation rate of 2.66% has a compounding effect between 1988 and 2023. Expect only common values with only those MS-63 or higher with nominally higher pricing. Washington quarters appeared in 1932, and the US Mint produced them with unchanged reverse design until 1998. 2010 - 2023 USA Coin Book. This table and charts use the earliest available data for each category. Expect only common values with only those MS-63 or higher with nominally higher pricing. We are mobile, iPad, and Desktop friendly. Do you notice anything different about this quarter? Coins with this error type came with the filled letter P, representing the mint mark. Only higher-rated ones can be worth about $55 to $65. As a result, these coins came with deformities on the edges. There were also a few other coins that won auction records, like the 1949 D Washington quarter ($43,475), the 1948 Washington quarter ($43,200), and the 1932 Washington quarter ($40,250). Unlike other nations coinage that included 20-cent coins, Americans got a quarter-dollar as a denomination. This is a labor of love you might say, so it is resource intensive and slow. 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. In 1988, the Denver mint produced 596,810,688 Washington quarter coins. Call or visit your local coin dealer for more information. 1988 Quarter Error Coins Worth A LOT More Than 25 Cents! Broad-struck quarters are always wider and flatter than regularly struck ones. SCARCE 1988 Washington Quarter Worth As Much As $5,000?! Production: 3,262,000 Washington Quarters were minted at the San Francisco mint in 1988. Ive collected rare coins, baseball cards, and many other rare collectible toys since I was a kid. Its clad composition includes copper and nickel in a total 75%: 25% ratio. These coins production was finished in 1807, and the new design, Capped Bust quarter, came onto the scene from 1815 to 1838. That is the primary reason collectors look only for specimens in top-notch condition. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. For more information on the difference between PCE and CPI, see this analysis provided by the Bureau of Labor Statistics. In the case of this quarter, it was put up for auction by a collector for $35,000. Therefore, the US Mint took advantage of the situation, and the new coin mintage was resumed the following year. 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. 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. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. The list also included a commemorative Isabella quarter struck in 1893, while the next coin was the Barber quarter, minted from 1892 to 1916. 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. Once you know what to look for, you can actually see the printed mistake. However, time works for them, and experts estimate that well-preserved specimens will be more costly and appreciated in the future. https://www.youtube.com/channel/UCLGZ0uSfzVNT1FC8HocF8wwEssential Coin Supplies \u0026 BooksCELESTRON HOBBY 5MP DIGITAL MICROSCOPE (BEST IN THE HOBBY!) Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. What is it worth? Price: 25 cents-$7.00+. Since these specimens are not properly clad with nickel, their surface is differently colored. The US Mint commemorated this important event by minting coins with his portrait on the obverse. John Flanagan relied on it while creating the coin look. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. And are there more quarters out there worth far more than they seem? Click here to Learn How to use Coin Price Charts. coin grading scale. $350.00 Free shipping or Best Offer 78 watching SPONSORED 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. . The site owner may have set restrictions that prevent you from accessing the site. However, no one doubt that it is one of the most elegant solutions in American coinage. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. However, no one was satisfied with the Standing Liberty quarters because their design showed a quick tendency to wear after some time in circulation. This is a good way to estimate what a certain wage or price could buy in a specific year. Year: 1988. Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. 2010 - 2023 USA Coin Book. 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! Shape. 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. The initial idea for the new quarter was Washingtons 200th birth anniversary in 1932. Special thanks to QuickChart for their chart image API, which is used for chart downloads. CoinTrackers.com estimates the value of a 1988 D Washington Quarter in average condition to be worth 25 cents, while one in mint state could be valued around $15.00. 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. Even though these modern coins are rarely expensive, the 1988 quarter value is almost always over their nominal value. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. That change in composition affects these coins current value. In 1988, core inflation was 4.41%. The current inflation rate compared to last year is now 6.45%. The PCE measured -39.58% inflation compared to standard CPI. Also, click here to Learn About Grading Coins. 1979 Half Dollar Value (Rare Errors, D, S & No Mint Marks), 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). 1988 D Washington Quarter. These numbers are not inflation adjusted, so they are considered nominal. However, the coin had 20 interested bidders and sold for the asking price of $35,000. A dollar today only buys 39.859% of what it could buy back then. Other . Other factors include location, inventory, and urgency of sale. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. American Women. Steps Leading to Value: Such a high mintage results in a low value of these coins. Come check out this new channel and show your support with a sub! One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. One of the quarters is for sale on eBay for $35,000. - Last updated: August, 12 2022. Initially, these coins were precious and made of silver, but that was changed in 1965. in2013dollars.com is a reference website maintained by the Official Data Foundation. If this number holds, $35,000 today will be equivalent in buying power to $37,259.04 next year. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. The inflation rate in 1988 was 4.14%. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! The 1970-S Proof Washington quarter. #RecessionProofInvesting #CashForCoins #TreasureInPocketChangeHey everyone, I have another spinoff channel called BlueRidgeCollectibles where I share my other favorite hobbies. You can find most of these coins for less than a dollar, and only those above an MS 66 grade are more expensive. As a result, details on the coin surface appear unclear. Coin Dealer Insight: 1988 was another year with higher quarter production for Denver over Philadelphia. 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. The compounding effect of inflation would account for 60.14% of returns ($655,622.00) during this period. Their average estimated price is $40 to $800, depending on the condition. - Do You Have This Coin? 1968 Canada 10 Cents. The 1988 Washington quarter is a modern round coin with a reeded edge. Keep reading to find out! Also, click here to Learn About Grading Coins. 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. 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%. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. This means the inflation-adjusted real return of our $35,000 investment is $399,517.57. On the other hand, the mint in San Francisco struck only proofs. 21,194 views Dec 8, 2021 580 Dislike Share Couch Collectibles 440K subscribers 1988 Quarter Error Coins Worth A LOT More Than 25 Cents!. Return on investment of 3,014.68 %, with just under 1.2 billion 1988 Washington quarters appeared in 1932 and... Could buy back then also, click here to Learn About Grading coins 3,014.68... Costly and appreciated in the HOBBY! 1965, this coin contained 90 % silver, but modern were... Image API, which is used for chart downloads prices barely doubt that it is one the... 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