1918/7-S 25C FS-101 MS63 Full Head PCGS....

Click the image to load the highest resolution version.

Sold on Jan 9, 2020 for:

Not Sold

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

1918/7-S Standing Liberty Quarter
Brilliant MS63 Full Head
Prestigious Series Rarity

1918/7-S 25C FS-101 MS63 Full Head PCGS. The sole major variety in the Standing Liberty quarter series, the 1918/7-S is also far and away the biggest key date in a Guide Book collection at the Mint State level. This conditional rarity is compounded in the Full Head category, where the Standing Liberty quarter overdate is nearly as rare as some of the most celebrated rarities in all of numismatics.

According to certified population figures, the 1918/7-S has only one significant challenger for rarest date in the series in Full Head grades: the 1927-S. PCGS and NGC combined report 52 overdates in Full Head, compared to 46 Full Head 1927-S coins. However, these numbers are misleading. As many as half of the overdate quarters reported in Full Head by the certification services are the result of duplicate submissions and do not represent actual survivorship. A study of auction data over the past couple of decades confirms that the 1918/7-S is at least twice as rare as the 1927-S in Full Head. Since our Permanent Auction Archives began in 1993, Heritage has handled a Full Head overdate quarter on just 28 occasions, 16 of which represented an appearance of a problem-free Mint State Full Head coin. During the same period, we have handled a Full Head 1927-S on 50 occasions, with 42 of those appearances representing a problem-free Mint State coin. The rarity of the 1918/7-S in Full Head is beyond that of any other Standing Liberty quarter.

Recent research into the number of high-grade Full Head overdates known identifies just 11 different Full Head coins in MS63 or finer. The finest examples known are a pair of MS64+ Full Head pieces, one of which is pedigreed to the Just Having Fun Collection Registry Set, the Eugene H. Gardner Collection, and now the Bob Simpson Collection. Other MS63 and MS64 overdate quarters in Full Head make so few public auction appearances that they tend to fall off of the radar of many collectors. The inflated population figures for these coins also play a role in masking their incredible rarity.

We are privileged to offer the present coin, a Select Full Head example with brilliant, satiny luster. Tiny, unobtrusive abrasions keep this piece just out of the Condition Census for Full Head overdate quarters. Liberty's head detail is decidedly full, and the date numerals are sharp. The centers exhibit considerable strike softness, as is the characteristic of the 1918/7-S. Eye appeal is, nonetheless, pleasing for a Full Head overdate. A finer coin may not be offered for years. For most collectors, this MS63 Full Head 1918/7-S will be the crowning accomplishment of their collections.

Coin Index Numbers: (Variety PCGS# 395950, Base PCGS# 5727)

Weight: 6.25 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS