It’s the first year of issue and in very nice condition. Only 5,404,000 were minted. I’m thinking it’s in XF condition but it may be one grade lower. Only a very small difference in price so not a big deal as I got this for $5.00, a little under spot price. Not bad for a coin that’s almost 100 years old and was minted in the depression.
Great buy! Can you imagine telling yourself in 1932 that your coin would be what it's worth and you got a deal too. How is spot price calculated again?
A silver Washington Quarter contains .18084 ounces of silver. Multiply that by the spot price and that’s the silver value. When I last looked silver was $31.48 per ounce. That would make all silver Washington Quarters worth $5.69284 or $5.69 just for their silver content. If I paid $5.00 than I would be ahead by $.69 cents. Not a lot but that’s a little more than I had before. The silver content for all coins is in the R.S. Yeoman Red Book. It’s printed small but it’s there, just above the dates or just below the coins information.
An XF? Looks like you may have undergraded it. The coin looks to have some wear, but it could make a nice AU piece. Remember this when you find one of these with a D.
If the brighter areas are mint luster, I would say that it is an AU. The mark on the chin would keep it from being choice for the AU grade.
Very nice CN. I found some nice ones back in the 40's & 50's. It is a real charge when you find one that nice.
Here's a couple of websites for melt values. https://www.usacoinbook.com/coin-melt-values/ https://www.ngccoin.com/price-guide/coin-melt-values.aspx
