The Capped Bust Quarter, issued by the United States Mint from 1815 to 1838, features a design by engraver John Reich. The 1832 date represents one of the years this type was minted, characterized by the depiction of Lady Liberty wearing a cap, which symbolizes freedom. Collectors value the Capped Bust Quarter for its historical significance and aesthetic appeal, as well as its varying mint marks and conditions that greatly influence its market value. The coin is composed of 90% silver and 10% copper, making it a notable piece for numismatists focusing on early American coinage.