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<p>[QUOTE="Tom B, post: 882672, member: 11854"]Leadfoot is correct when he wrote that the 1932-S WQ is a very common coin. I have been <i>heavily involved </i> with the WQ series since before the Statehood Quarters (SQs) were unveiled and in all that time the market has been swimming in 1932-S WQs. The coin was known very early on as a low mintage coin and relatively large percentage were saved from circulation. It and the 1932-D were sold at a premium relatively early and these were picked out of circulation well before other WQs were picked out of circulation.</p><p> </p><p>Of course, this does not change the fact that the initial mintage is quite low for the series and it does not change the perception that the 1932-S is a "key" coin. Truly, I don't think any regular issue WQ is "key" when it comes to the AG-F grades, but as the grades go higher then the 1932-D and 1932-S are the toughest in VF-EF. However, the 1936-D is tougher than the 1932-S when true AU-MS coins are examined.</p><p> </p><p>The number of 22 million for coin collectors or quarter collectors is what you want to make of it, but I interpret it broadly to mean anyone who fills a cardboard SQ album or who plucks SQs out of circulation. The <i>vast majority </i> of these folks will not endeavor to put together a complete date and mintmark set of WQs. This is similar to those who claim to collect Lincoln cents in that the <i>vast majority </i> will never need or want to buy the ever available "key" date 1909-S VDB. All three of these coins, the 1932-D, 1932-S and 1909-S VDB are what they are, but what they aren't is rare. Check ebay or Heritage for certified examples and it will not take long to buy a bucketful. Additionally, I believe the lion's share of the bump in this series took place from 1998-2000 when the first enormous wave of SQ collectors jumped in to tackle the larger set and prices rose dramatically. They have since stayed relatively stable or have fallen slightly.</p><p> </p><p>I have no problems with someone buying one of these raw are a flea market, but at $195 for an EF40 or EF45 then one is paying near or completely full retail and that doesn't feel like a good buy for a raw coin under such circumstances. This coin in this grade is much more liquid already certified and that expense is not needed to be added to the cost of acquisition under the circumstances.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 882672, member: 11854"]Leadfoot is correct when he wrote that the 1932-S WQ is a very common coin. I have been [i]heavily involved [/i] with the WQ series since before the Statehood Quarters (SQs) were unveiled and in all that time the market has been swimming in 1932-S WQs. The coin was known very early on as a low mintage coin and relatively large percentage were saved from circulation. It and the 1932-D were sold at a premium relatively early and these were picked out of circulation well before other WQs were picked out of circulation. Of course, this does not change the fact that the initial mintage is quite low for the series and it does not change the perception that the 1932-S is a "key" coin. Truly, I don't think any regular issue WQ is "key" when it comes to the AG-F grades, but as the grades go higher then the 1932-D and 1932-S are the toughest in VF-EF. However, the 1936-D is tougher than the 1932-S when true AU-MS coins are examined. The number of 22 million for coin collectors or quarter collectors is what you want to make of it, but I interpret it broadly to mean anyone who fills a cardboard SQ album or who plucks SQs out of circulation. The [i]vast majority [/i] of these folks will not endeavor to put together a complete date and mintmark set of WQs. This is similar to those who claim to collect Lincoln cents in that the [i]vast majority [/i] will never need or want to buy the ever available "key" date 1909-S VDB. All three of these coins, the 1932-D, 1932-S and 1909-S VDB are what they are, but what they aren't is rare. Check ebay or Heritage for certified examples and it will not take long to buy a bucketful. Additionally, I believe the lion's share of the bump in this series took place from 1998-2000 when the first enormous wave of SQ collectors jumped in to tackle the larger set and prices rose dramatically. They have since stayed relatively stable or have fallen slightly. I have no problems with someone buying one of these raw are a flea market, but at $195 for an EF40 or EF45 then one is paying near or completely full retail and that doesn't feel like a good buy for a raw coin under such circumstances. This coin in this grade is much more liquid already certified and that expense is not needed to be added to the cost of acquisition under the circumstances.[/QUOTE]
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1932-S Washington at Flea Market
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