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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 5626

Starting price: 1 USD
Price realized: 24 000 USD
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Standing Liberty Quarters
1920-D 25C MS67 Full Head PCGS. The 1920-D Standing Liberty quarter is a scarce date in Full Head grades, rarer than the certified population reports may lead one to believe. In terms of auction appearances, this date is offered in Full Head grades almost as infrequently as the 1920-S, which has a certified population of only about two-thirds that of the 1920-D. Either the population data for the Denver issue is inflated to a greater extent than for the 1920-S, or a significant number of Full Head '20-D quarters are off the market in strong hands.
This is only the 2nd appearance of a Full Head Superb Gem in one of our auctions in more than two decades of records, with the previous offering being more than decade ago, realizing $32,200: (Heritage, 6/2005), lot 6095. The sharpness of the design elements is incredible for the issue, being reminiscent of the Philadelphia coin from this year which is known for its frequently bold interiors. Unlike its Philadelphia counterpart, however, this 1920-D is fully defined at Liberty's temple, not showing any weakness of the hairline or olive leaves. The frosty surfaces are devoid of flaws and exhibit iridescent hues beneath overlays of olive, amber, and lilac color. The obverse is lightly clashed, but the dies have not yet been lapped, making this a rare Standing Liberty quarter that shows both clash marks and deep, unlapped recesses. The obverse is lightly cracked along the top of the date and at Liberty's forehead, although the reverse appears to have just begun its usage, still showing faint die striae in the fields from the preparation process. Population: 5 in 67 Full Head, 1 finer (10/16).
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