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Lot
4249

1916 25C MS65 Full Head PCGS Secure....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 11 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
Gem 1916 Standing Liberty Quarter
Remarkably Lustrous Full Head
1916 25C MS65 Full Head PCGS Secure. According to Roger Burdette in Renaissance of American Coinage 1916-1921, all 52,000 of the 1916-dated Standing Liberty quarters were struck on December 16 of that year. While it is true that the Mint released them in January 1917 along with the first-minted 1917 Type Ones, that is not the whole story. The 1916 mintage might not have been produced at all except for the desire on the part of Mint officials to have new designs ready for all three subsidiary silver coinage designs during the year 1916. Burdette quotes a letter dated Jan. 18, 1915, from William P. Malburn, assistant Treasury secretary, to Treasury Secretary William Gibbs McAdoo:

"From the accompanying memorandum of the Acting Director of the Mint you will observe that the present silver half dollar, quarter and dime were changed in 1892, and a new design may, therefore, be adopted in 1917 (corrected to 1916). This can be done any time in the year, and therefore, if you desire, a design may be made and coinage commenced on January 2 of that year."



The year 1916 would have been the 25th year (inclusive) since the Barber designs were introduced in 1892, although waiting a full 25 years would have required a coinage change in 1917. This is a remarkable, vibrantly lustrous example of this low-mintage, first-year issue. Each side is mostly brilliant and the strike details are strong throughout. Population: 73 in 65 (1 in 65+) Full Head, 15 finer (3/13).(Registry values: N4719) (NGC ID# 242Y, PCGS# 5705)

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