LOT #4175 |
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1916 25C MS64 Full Head PCGS....
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Sold on Jan 9, 2020 for:
$16,200.00
Bid Source: Internet bidder
Description
1916 Standing Liberty Quarter
Well-Struck MS64 Full Head
1916 25C MS64 Full Head PCGS. The 52,000-coin mintage of the
1916 Standing Liberty quarter occurred in late December, but to
avoid hoarding of the coins, they were not released until they
could be delivered to the public under the veil of the plentiful
1917 issue, on January 17, 1917. Most 1916s went into circulation,
from where they were gradually retrieved by collectors over the
next 30-odd years. However, a number of Mint State pieces were set
aside by dealers. Henry Chapman advertised Uncirculated 1916s for a
dollar per coin early in 1916. The Mint's attempt to "hide" the
scarcity of the 1916 issue had failed, and a follow-up statement
was released regarding the 1916 issue, as Tom LaMarre reveals in a
Coins Magazine article titled "Rare Beauty":"On Jan. 26, 1917, the Treasury Department issued a statement intended to stop speculation in the new coins. 'Reports reached the Treasury Department today from numerous sources that sharpers have been selling at a premium the newly designed quarters and half dollars coined in 1916, representing that the new coins are rare,' a newspaper item said. 'To correct any impression that the coins are rare, officials today authorized the statement that 2,330,000 halves and 62,000 [sic] quarters of the new design were struck off in 1916."
The statement only confirmed the low mintage of the 1916 quarter, and demand gradually increased. Today, the first-year issue is the predominant key date in the series. This Choice Full Head example displays satiny mint luster and a trace of light golden toning. Neither side exhibits bothersome abrasions.
From The Green Isle Collection. (Registry values: N4719)
Coin Index Numbers: (NGC ID# 242Y, PCGS# 5705, Greysheet# 5534)
Weight: 6.25 grams
Metal: 90% Silver, 10% Copper
View all of [The Green Isle Collection ]
Auction Info
2020 January 8 - 12 FUN US Coins Signature Auction - Orlando #1311 (go to Auction Home page)
Auction Dates
January, 2020
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 935
Buyer's Premium per Lot:
20% of the successful bid per lot.
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