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ANA Signature US Coin Sale 1258 2-6 Aug 2017
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Standing Liberty Quarters
1918/7-S 25C FS-101 MS64 Full Head PCGS Secure. Without debate, the 1918/7-S Standing Liberty quarter is the rarest issue in the series in Full Head grades. PCGS and NGC combined list just 51 Full Head coins, most of which are in AU levels, mainly AU58. Of the 26 Mint State coins listed, some are undoubtedly resubmissions. We estimate the actual number of surviving Full Head coins is likely 25-30% less than what the certified population reports suggest. Since 1993, we have auctioned a Full Head coin on only 17 different occasions, eight of which were for a Mint State example; moreover, the present MS64 Full Head coin is only the fourth different Uncirculated coin we have ever offered.
This high rarity is partially a result of attrition, as the variety was not publicly recognized until 1937, almost two decades after its coinage. The first known auction appearance of an overdate quarter was in lot 741 of Barney Bluestone's 36th Catalogue (12/1937). The piece was described as:
"Excessively Rare Over Date U.S. Quarter Dollar.
"1918 over 17 S. Mint, Unc. Brill. First of This Extreme Rarity We Have Ever Handled. We doubt if there are one or two other specimens known -- no quarter dollar collection complete without it. Should bring a very big price."
Over the following several years, many additional examples of the variety began to turn up, including some others in Mint State. But one variant of the issue was almost never found: Full Head coins, particularly any Uncirculated examples. In fact, the 1918/7-S has proven to be one of the most poorly struck issues in the series, arguably more so than the 1926-D and 1927-S.
This satiny Choice example showcases bold definition of Liberty's head, as well as the stars and date. The shield and adjacent gown folds are weak, as always, and the leading edge of the eagle's left (facing) wing shows the expected softness. No overdate examples are known to exist with sharp centers. On this issue, the best one can obtain is a bold head and date, both of which this coin possesses. The surfaces show iridescent lilac-gray and champagne toning, with few abrasions. It may be years before a comparable example of this major key issue is offered again. Population: 6 in 64 (2 in 64+) Full Head, 0 finer (6/17).
HID02901242017
1918/7-S 25C FS-101 MS64 Full Head PCGS Secure. Without debate, the 1918/7-S Standing Liberty quarter is the rarest issue in the series in Full Head grades. PCGS and NGC combined list just 51 Full Head coins, most of which are in AU levels, mainly AU58. Of the 26 Mint State coins listed, some are undoubtedly resubmissions. We estimate the actual number of surviving Full Head coins is likely 25-30% less than what the certified population reports suggest. Since 1993, we have auctioned a Full Head coin on only 17 different occasions, eight of which were for a Mint State example; moreover, the present MS64 Full Head coin is only the fourth different Uncirculated coin we have ever offered.
This high rarity is partially a result of attrition, as the variety was not publicly recognized until 1937, almost two decades after its coinage. The first known auction appearance of an overdate quarter was in lot 741 of Barney Bluestone's 36th Catalogue (12/1937). The piece was described as:
"Excessively Rare Over Date U.S. Quarter Dollar.
"1918 over 17 S. Mint, Unc. Brill. First of This Extreme Rarity We Have Ever Handled. We doubt if there are one or two other specimens known -- no quarter dollar collection complete without it. Should bring a very big price."
Over the following several years, many additional examples of the variety began to turn up, including some others in Mint State. But one variant of the issue was almost never found: Full Head coins, particularly any Uncirculated examples. In fact, the 1918/7-S has proven to be one of the most poorly struck issues in the series, arguably more so than the 1926-D and 1927-S.
This satiny Choice example showcases bold definition of Liberty's head, as well as the stars and date. The shield and adjacent gown folds are weak, as always, and the leading edge of the eagle's left (facing) wing shows the expected softness. No overdate examples are known to exist with sharp centers. On this issue, the best one can obtain is a bold head and date, both of which this coin possesses. The surfaces show iridescent lilac-gray and champagne toning, with few abrasions. It may be years before a comparable example of this major key issue is offered again. Population: 6 in 64 (2 in 64+) Full Head, 0 finer (6/17).
HID02901242017