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Lot
6419

1916 25C MS66 Full Head NGC. At the end of the 19th ...

2004 September Long Beach Signature Sale #355

 
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Auction Ended On: Sep 9, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Famous 1916 Standing Liberty Quarter MS66 Full Head
1916 25C MS66 Full Head NGC. At the end of the 19th century, Mint Director James Putnam Kimball persuaded Senator Justin Morrill of Vermont to introduce a bill that would enable the Treasury Department to change coin designs after only twenty-five years. After the bill passed as the Act of September 26, 1890, the Treasury Department used it to replace Christian Gobrecht's hardy Liberty Seated quarter with Charles E. Barber's Liberty Head motif. Once again utilizing this act, the Treasury Department enacted a competition in 1915 that anticipated the expiration of the Barber quarter's statutory lease in 1917. Following an open competition during which Chief Engraver Barber cooperated as little as possible, the Treasury Department adopted Hermon MacNeil's design and revolutionized the Quarter Dollar.
The transitional year 1916 Standing Liberty Quarter is one of the most widely recognized rarities in 20th century U.S. numismatics. Only 52,000 pieces were struck of MacNeil's new design and surprisingly few were spared from circulation considering the radical change from the outgoing Barber coinage. Unlike the Type One Quarters that were mass-produced the following year, a good percentage of the Mint State survivors are lacking in strong highpoint definition. The Premium Gem offered here, while not quite as bold as its 1917 counterparts, displays above-average sharpness for this famous issue, and its bright matte-like surfaces are tinged in reddish-golden peripheral toning. One has to look closely to locate even the slightest blemish on either side. A real opportunity for the quality conscious Standing Liberty Quarter collector. Population: 16 in 66, 2 finer (8/04). (#5705) (Registry values: N7079) (NGC ID# 242Y, PCGS# 5705)

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