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Lot
4253

1918/7-S 25C MS62 PCGS. FS-101....

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

 
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Auction Ended On: Apr 25, 2013
Item Activity: 10 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
Overdate 1918/7-S Quarter, MS62
Rarely Encountered in Mint Condition
1918/7-S 25C MS62 PCGS. FS-101. As the most prominent nonstandard variety within the Standing Liberty quarter series and the only one listed in the 2013 edition of the Guide Book, the 1918/7-S overdate enjoys perpetual high demand. A single obverse die first received an impression from a 1917-S (Type Two) working hub, but when it went back into the press, it received an impression from a 1918-S hub instead of one with a matching date. On the last digit of the date, the 8 was laid over the top of the 7, creating the overdate feature.

Alan Herbert's "Coin Clinic" column for the January 16, 2001 edition of Numismatic News offers an intriguing perspective on the rarity of the 1918/7-S quarter (which Herbert refers to as the 1918/1917-S). In response to the question "Is there any special reason why the 1918/1917-S quarter overdate is relatively rare?" he offers this answer: "One reason given, but mostly overlooked is the notation that the single die involved in this overdate cracked through the date at a fairly early stage and apparently was taken out of service after only a relatively small number were struck. Since die life in that era was not very high to begin with, this didn't leave very many of the coins to reach circulation."

Then there are the precious few survivors, such as this remarkable example, that never reached circulation at all. The softly frosted surfaces show faint evidence of golden-brown color with scattered darker patches, mostly around the margins. For an MS62, there are no large or mentionable marks on either side. The strike definition is predictably soft over the high points of the design, as expected. Population: 21 in 62, 46 finer (3/13).(Registry values: N4719) (NGC ID# 243A, PCGS# 5726)

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