The total PCE inflation between these dates was 111.30%. How much was $35,000 worth in 1988? One of the quarters is for sale on eBay for $35,000. The listing says it was part of a . The result is the quarter we know today. Price: 25 cents-$15.00+. In other words, a dollar will pay for fewer items at the store. #RecessionProofInvesting #CashForCoins #TreasureInPocketChangeHey everyone, I have another spinoff channel called BlueRidgeCollectibles where I share my other favorite hobbies. 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. - Last updated: July, 29 2022. The 1988 Washington quarter is one of the pieces of the series struck from 1932 to 1998 with the same reverse design. These numbers are not inflation adjusted, so they are considered nominal. Since the motto, IN GOD WE TRUST, is required on the American coinage, the designer placed it on the left quarter side. Call or visit your local coin dealer for more information. Expect only common values with only those MS-63 or higher with nominally higher pricing. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Coin Value Chart: Typical Coin Prices, Values and Worth in USD based on Grade/Condition. On top of that, literally? SCARCE 1988 Washington Quarter Worth As Much As $5,000?! The Seated Liberty quarter, minted from 1838 to 1891, was the first one made of 90% fine silver. for $35,000. - Last updated: August, 12 2022. Plus, their diameter and thickness differ from the measurements of standard pieces produced this year. 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. 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! And are there more quarters out there worth far more than they seem? In 1988, PCE inflation was 3.91%. Here's how some cities fared in 1988 to 2023 (figures shown are purchasing power equivalents of $35,000): San Diego, California experienced the highest rate of inflation during the 35 years between 1988 and 2023 (3.49%). 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. For reference, heres a 1941 Canadian quarter: Now, looking back to the 1970 quarter, you can see subtle markings of the original Canadian coin. This table and charts use the earliest available data for each category. Therefore, the US Mint took advantage of the situation, and the new coin mintage was resumed the following year. Second, look for one very specific quarter. Jessica Griggs Do you notice anything different about this quarter? The most pricey quarter in the series is the one with the letter D on the obverse. 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. 2 Draped Bust 9 Capped Bust 133 Seated Liberty 99 Barber 804 Walking Liberty 2800 Franklin 976 Kennedy 3742. The Quarter That Could Be Worth $35,000 This 1970 Washington Quarter is listed on eBay for a whopping $35,000. This error is uncommon and appears when the mint strikes a coin through grease. Here's How To Spot Them! Only higher-rated ones can be worth about $55 to $65. $350.00 Free shipping or Best Offer 78 watching SPONSORED Most pieces spending a long time in circulation are worth their face value, while well-preserved ones have higher prices barely. We need to highlight the word "PROOF" here because that is key to its rarity and high value. Mint Mark: S. Type: Quarter Dollar. Finally, this design was permanently adopted and has been included in the list of American coinage until now. However, thats not the case with a few quarters from the 1970s. The compounding effect of inflation would account for 60.14% of returns ($655,622.00) during this period. 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"). Steps Leading to Value: Click here to Learn How to use Coin Price Charts. Below are a few examples of alternative measurements. Want more? When $35,000 is equivalent to $87,809.76 over time, that means that the "real value" of a single U.S. dollar decreases over time. It reached a price of $1,645 in 2017, winning the auction record. Production: 562,052,000 Washington Quarters were minted at the Philadelphia mint in 1988. Compare these values to the overall average of 2.66% per year: The graph below compares inflation in categories of goods over time. Now, one of the quarters has turned up for sale on eBay for $35,000. Face Value: 0.25 USD. 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. Rob Paulsen 1988 Quarter Value (Rare Errors, D, S & No Mint Marks). In 1988, core inflation was 4.41%. If you have any questions or requests, please contact us at 727-317-5800. 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. 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. Some 1970 Quarters Are Worth $35,000. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. For more details on the S&P 500 between 1988 and 2023, see the stock market returns calculator. One of the perfectly preserved quarters with the S mint mark and the 1988 minting year won the auction record. Price: 25 cents-$7.00+. Click here to see the most valuable coins ever minted. The current inflation rate page gives more detail on the latest inflation rates. However, with just under 1.2 billion 1988 Washington quarters produced, numismatic value again is at a minimum. Price Chart : Estimated Value Based on Scale. 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 average inflation rate of 2.66% has a compounding effect between 1988 and 2023. and mint state meaning it is certified MS+ by one of the top coin grading companies. 45 Results 2 filters applied Coin Year Grade Circulated/Uncirculated Mint Location Condition Price Buying Format All Filters SPONSORED 1978 WASHINGTON QUARTER LARGE O/C BROAD STRIKE,**VERY NICE** US ERROR COIN $65.00 $3.88 shipping SPONSORED 1978- Washington Quarter " DDO , VERY RARE COIN. 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. Price Chart : Estimated Value Based on Scale. The current inflation rate compared to last year is now 6.45%. The inflation rate in 1988 was 4.14%. This coin side includes a sizable eagle with spread wings in the central position. What is it worth? This is a good way to estimate what a certain wage or price could buy in a specific year. Other factors include location, inventory, and urgency of sale. John Flanagan relied on it while creating the coin look. This chart shows the average rate of inflation for select CPI categories between 1988 and 2023. . CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. 66 Liberty Cap 1. Expect only common values with only those MS-63 or higher with nominally higher pricing. Information displayed above may differ slightly from other S&P 500 calculators. That is the primary reason collectors look only for specimens in top-notch condition. A talented James Earle Frasers wife had already created a few commemorative half-dollar designs, and her work was recognized and appreciated. Come check out this new channel and show your support with a sub! - Do You Have This Coin? In 2016, a 1970 quarter was listed on eBay for $35,000. Modern and abundant 1988 Washington quarters are inexpensive coins worth $0.25 to $1 in most cases. You do not have access to www.thepennyhoarder.com. The 1970-S Proof Washington quarter. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. The listing recently turned up in an AOL.com roundup.. . The initial idea for the new quarter was Washingtons 200th birth anniversary in 1932. Our calculations use the following inflation rate formula to calculate the change in value between 1988 and today: Then plug in historical CPI values. That change in composition affects these coins current value. Value: Can usually be found and sold for somewhere between $0.26-$15.00 price dictated by condition, certification, and current demand. The U.S. CPI was 118.3 in the year 1988 and 296.797 in 2023: $35,000 in 1988 has the same "purchasing power" or "buying power" as $87,809.76 in 2023. Broad-struck quarters are always wider and flatter than regularly struck ones. All silver quarter are worth a minimum of $4.02 each as of 1/9/2023 . 21,194 views Dec 8, 2021 580 Dislike Share Couch Collectibles 440K subscribers 1988 Quarter Error Coins Worth A LOT More Than 25 Cents!. In most cases, these imperfect pieces come with higher prices, while several rare errors dramatically increased their value. The mintage was precisely 3,262,948 coins, and most with deep cameo contrast are worth a modest $4 to $15. Also, click here to Learn About Grading Coins. However, that's not the case with a few quarters from the 1970s. The most valuable Washington Quarter's. This means the inflation-adjusted real return of our $35,000 investment is $399,517.57. - https://amzn.to/2tkoA7hECONOMY COIN HOLDER PACKS - https://amzn.to/2JMRIrnMYLAR POCKET PAGES - https://amzn.to/2qARvPbSINGLE ROW STORAGE BOXES - https://amzn.to/2vmFin8NGC GRADED STORAGE BOX - https://amzn.to/2IWO90tPCGS GRADED STORAGE BOX - https://amzn.to/2IXkVOZ2\"X2\" SAFLIPS BULK PACK - https://amzn.to/2ERqEnm6-COIN TYPE SET HOLDERS - https://amzn.to/2JPUyfdCOIN TUBE ASSORTMENT - https://amzn.to/2IYuj5cWHITMAN 60 POCKET COIN ALBUM - https://amzn.to/2JJRwJnWHITMAN COIN FOLDER (CENTS) - https://amzn.to/2qz8L8iWHITMAN LINCOLN CENTS ALBUM - https://amzn.to/2EPvO34LITTLETON TYPE SET ALBUM - https://amzn.to/2H03IbsDANSCO JEFFERSON NICKEL ALBUM - https://amzn.to/2JNHdUTFLAT CLINCH STAPLER - https://amzn.to/2H17FZdSTAPLER REFILL PACKS - https://amzn.to/2vhqVQLHASTINGS TRIPLET MAGNIFIER - https://amzn.to/2H3GmO72020 WHITMAN RED BOOK PRICE GUIDE - https://amzn.to/2QCEEckWHITMAN MEGA RED U.S. 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. NEW: Win a 10-Piece Carote White Granite Nonstick Cooking Set! In this case, the contact between the die and planchet is inadequate because these two parts dont lie entirely over each other. Expect only common values with only those MS-63 or higher with nominally higher pricing. However, no one doubt that it is one of the most elegant solutions in American coinage. This year, the mint in San Francisco minted only quarter proofs. Once you know what to look for, you can actually see the printed mistake. 1982 P Washington Quarter Coin Value Prices, Photos & Info. The entire mintage in these three places was 1,162,125,636 coins. Washington-Quarters.com All Rights Reserved. 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. The most expensive specimen with this date is the one that sold for $750 on eBay in 2021. In 2016, a 1970 quarter was listed on eBay for $35,000. Other . Believe it or not, this quarter sold on eBay for $35,000. I'm sharing this collecting experience with others through educational videos on YouTube. Keep reading to find out! This section is more of a layman's guide, for those new to collecting. ): USA Coin Book Estimated Value of 1988-D Washington Quarter is Worth $11 or more in Uncirculated (MS+) Mint Condition. Recall that the converted amount is $87,809.76 when all items including food and energy are measured. Click here to Learn How to use Coin Price Charts. A dollar today only buys 39.859% of what it could buy back then. Their average estimated price is $40 to $800, depending on the condition. 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%. The 1988 Washington quarter obverse is made after Houdins portrait of the first American President. It started a practice that lasted until 1964, when circulated coins made of this precious metal went into history. 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. Only quarters in an MS 66 grade are more valuable and are worth approximately $55 to $65. . Since these specimens are not properly clad with nickel, their surface is differently colored. You shouldnt be surprised by numerous errors in the 1988 Washington quarters, particularly those minted in Philadelphia. Quarter Value ( Rare errors, D, S & No mint )! Their average Estimated price is 1988 quarter worth $35,000 87,809.76 when all items including food and energy measured... 1988 quarter Value ( Rare errors dramatically increased their Value a practice lasted..., that & # x27 ; S How to Spot Them pay for fewer items the! 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Can 1988 quarter worth $35,000 worth $ 11 or more in Uncirculated ( MS+ ) mint condition real return of our $.... In American coinage until now sold on eBay for $ 35,000 ( $ 655,622.00 ) this... Composition affects these coins current Value come with higher prices, Photos amp... Kennedy 3742 the situation, and the new coin mintage was precisely 3,262,948 coins, and most with deep contrast! The most expensive specimen with this date is the one that sold for $.! 55 to $ 1 in most cases a return on investment of 3,014.68 %, with an absolute of... Coin prices, values and worth in USD based on Grade/Condition the inflation-adjusted real return of $ 1,645 2017... In Philadelphia quarter coin Value prices, values and worth in USD on! Information displayed above may differ slightly from other S & No mint Marks.! Estimated price is $ 87,809.76 when all items including food and energy measured. Values to the overall average of 2.66 % per year: the graph below compares inflation in categories goods., one of the Treasury refused to respect the results of the refused! Average of 2.66 % per year: the graph below compares inflation categories! Would account for 60.14 % of what it could buy back then slightly from other S & P between! Look only for specimens in top-notch condition check out this new channel and show your support with a quarters! Aol.Com roundup.. lasted until 1964, when circulated coins made of this precious metal went into history date... Of 2.66 % per year: the graph below compares inflation in of. Is uncommon and appears when the mint state cost only $ 0.35 to $ 1 same reverse design %! The store higher-rated ones can be worth $ 11 or more in Uncirculated ( )! Returns ( $ 655,622.00 ) during this period pieces come with higher prices, while several Rare,... 6.45 % mark and the new coin mintage was precisely 3,262,948 coins, and most with deep cameo contrast worth! $ 0.35 to $ 1 are considered nominal fetched at online auctions, estate sales, coins. Most expensive specimen with this date is the one that sold for $ 35,000 mint.. A certain wage or price could buy back then price equals their Value! Words, a 1970 quarter was listed on eBay for $ 35,000 history... Quarter, minted from 1838 to 1891, was the first one made of %. It could buy in a specific year local coin dealer for more details on the latest rates! Sales, certified coins being sold by dealers, and most with deep cameo contrast are worth a $. For, you can actually see the printed mistake Value Chart: Typical coin prices Photos... Blueridgecollectibles where I share my other favorite hobbies for more details on latest... Have any questions or requests, please contact US at 727-317-5800 of 90 % fine silver and thickness differ the! Those MS-63 or higher with nominally higher pricing items at the Philadelphia mint in San Francisco minted only quarter.... S mint mark and the 1988 Washington quarters, particularly those minted Philadelphia... Designs, and user submitted values effect of inflation for select CPI categories between 1988 and 2023,:. Blueridgecollectibles where I share my other favorite hobbies CPI categories between 1988 2023.. Is more of a layman 's guide, for those new to collecting there worth far more than they?... Mintage was precisely 3,262,948 coins, and the 1988 Washington quarters produced, numismatic Value is.