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Extremely Rare 1918-S Quarter, MS66 Full Head

1918-S 25C MS66 Full Head PCGS. The 1918-S quarter was a mass-produced issue with more than 11 million pieces struck. The economy in 1918 was booming and the need for minor coinage was great with all the mints running at full capacity. The result was a great many quarters were produced, but little attention was given to quality control. As a result, Full Head 1918-S quarters are one of the great strike rarities in the series. This situation is also seen in the Walking Liberty half and Mercury dime series, where the 1918-S is again a high mintage issue with a low availability of coins with strong striking definition. J.H. Cline estimates that 3% of the 1918-S quarters were struck with Full Head details. To us, this seems like a high estimation as that would represent some 330,000 coins. If that number is correct, then attrition took a disproportionate toll on these fully struck coins. Our guesstimate would be more on the order of .5% of the mintage. In any case, the number of Full Head quarters in MS66 condition is extremely limited. PCGS and NGC combined have only certified five such pieces (four and one respectively) with only one finer (an NGC MS67).
This is an absolutely splendid coin. The surfaces exude the usual San Francisco mint frost, and there are no reportable abrasions on either side. Liberty's head definition is indeed notable and strongly brought up as is the shield. Each side is mostly brilliant with the only mentionable color being two short streaks of grease that were struck into the planchet at the time of manufacture. One is located on the drapery just below the shield, and the other is a dash of the same golden-brown color at the top of the inner shield. Both would serve as convenient pedigree identifiers for future reference. An exceptional opportunity for the advanced collector of this short and very popular 20th century series.(#5725) (Registry values: N7079) (NGC ID# 2439, PCGS# 5725)

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Auction Dates
June, 2005
Internet/Mail/Phone Bidders: 4
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