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Lot
3593

1916 25C MS66 PCGS. CAC....

2013 November 1 - 3 US Coin Signature Auction - New York #1191

 
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Auction Ended On: Nov 1, 2013
Item Activity: 4 Internet/mail/phone bidders Number of Bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
1916 Standing Liberty Quarter, MS66
Highly Prized First-Year Rarity
1916 25C MS66 PCGS. CAC. Counting the Peace dollar denomination, there were four U.S. silver coinage designs introduced between 1916 and 1921: the Mercury dime, Standing Liberty quarter, and Walking Liberty half, all in 1916, and the silver dollar in 1921. In Gem grade, the low-mintage 1916 Standing Liberty quarter is by far the most expensive. The current online PCGS Price Guide lists the 1916 dime in MS65 at $92; the 1916 Philadelphia half in the same grade at $2,300; a Gem 1921 Peace dollar at $2,250; and the 1916 Standing Liberty quarter in Gem grade at $27,500 without Full Head, or $39,000 with Full Head. Interestingly, all of these four type-coin prices are, give or take, inversely proportional to the original mintages. For example, the 1916 quarter, at 52,500 coins, was struck in an amount about one-twelfth that of the 1916 half dollar, at 608,000 pieces -- and a Gem quarter costs about 12 times as much. This first-year rarity displays vibrant, frosted mint luster and toning that gradually increases in intensity toward the rims. A wonderful, high-grade example. Population: 7 in 66, 0 finer (9/13).(Registry values: N7079) (NGC ID# 242Y, PCGS# 5704)

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