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    Description

    1918/7-S Quarter, MS64+ Full Head
    Tied for Finest Full Head Coin Known
    Ex: Just Having Fun, Gardner

    1918/7-S 25C FS-101 MS64+ Full Head PCGS. CAC. Ex: Simpson. In high grade, the 1918/7-S Standing Liberty quarter is the unequaled key date to the series, being rarer than even the famous 1916. Circulated examples of this issue are difficult to locate with good eye appeal and a strong date. In Mint State the issue is rarely seen, and Full Head examples are in a class of their own. Full Head examples of this issue are a necessity for competitive Registry Sets. In the Major Varieties and Complete Varieties PCGS Set Registries, the overdate awards its owner an eight-point bump without a Full Head (compared to seven points for the 1916 key), and nine points with a Full Head.

    That Full Head designation is singularly important for the overdate. Research into the number of high-grade Full Head pieces known reveals that such coins are much rarer than population figures suggest. David Hall has written, "There are only a handful of full head specimens and, as far as I know, there are no Gem MS65 full head specimens." The late J.H. Cline, in Standing Liberty Quarters, fourth edition, stated:

    "Without any debate, the 1918/7-S Standing Liberty quarter is the very rarest Full Head in the entire series. None in MS65, MS66, or MS67 FH exist, and it is head and shoulders rarer than any other date, including the 1927-S."



    In 1918, the San Francisco Mint had difficulty producing sharp strikes, as even normal date 1918-S quarters are elusive in high grade Full Head. However, the rarity of the overdate with the FH designation was ensured by a lack of collector awareness at the time of issue. As far as researchers can tell, this variety was not known to the numismatic public until the late 1930s, and the first example to appear at auction was in Barney Bluestone's December 1937 sale. That coin was not cataloged as a Full Head piece, although its sale predated widespread distinctions between Full Head and non-Full Head examples. In any event, by 1937 the time for saving high-grade Mint State examples of the 1918/7-S quarter had long passed, and any surviving examples existed merely by chance. Thus, by the time the overdate was discovered, the number of Full Head survivors was minuscule and finite.

    The Simpson coin has long been considered the finest Full Head specimen known, although since its last offering six years ago PCGS has designated a second example in MS64+. It also has the single most impressive pedigree of any known 1918/7-S -- Just Having Fun Collection, Gene Gardner, Simpson. The quality is undeniable, and the importance of this coin is unsurpassed. Glowing, satiny mint luster radiates from beneath light golden and iridescent hues on each side, while the surfaces are devoid of any significant abrasions. The strike is exceptionally sharp for the issue, with notable definition seen on the stars, the reed and bead around the border, and the date, while the head detail is particularly bold. Some softness is noted on the shield rivets and the leading edge of the eagle's right wing, though the overall visual appeal is remarkable for the issue.

    Roster of High-Grade Full Head 1918/7-S Quarters
    The following roster details every Full Head 1918/7-S quarter known to us in MS63 or finer. Additional specimens may exist that have not appeared at public auction.
    1. MS64+ Full Head PCGS. FUN Signature (Heritage, 1/2000), lot 6699, realized $149,500; Just Having Fun Collection (Stack's Bowers, 8/2012), lot 11374, realized $253,000; Eugene H. Gardner Collection, Part I (Heritage, 6/2014), lot 30451, realized $188,000. The present coin.
    2. MS64+ Full Head PCGS. Plated on PCGS CoinFacts.
    3. MS64 Full Head PCGS. ANA Signature (Heritage, 8/2015), lot 4043, realized $82,405.10; ANA Rarities Sale (Stack's Bowers, 8/2016), lot 3109, not sold; David Lawrence Rare Coins Inventory (4/2017); ANA Signature (Heritage, 8/2017), lot (lot number not yet assigned at this writing).
    4. MS64 Full Head PCGS. Pre-Long Beach Auction (Goldbergs, 9/2003), lot 371, realized $81,650.
    5. MS64 Full Head PCGS. ANA Signature (Heritage, 8/1999), lot 6981, not sold.
    6. MS64 Full Head NGC. Long Beach Signature (Heritage, 2/1999), lot 5939; Long Beach Signature (Heritage, 6/2001), lot 8221, not sold; ANA Signature (Heritage, 8/2001), lot 6014, realized $72,450; Long Beach Signature (Heritage, 2/2003), lot 6742, not sold; Long Beach Signature (Heritage, 5/2003), lot 6054, not sold; FUN Signature (Heritage, 1/2004), lot 2068, realized $55,200; Central States Signature (Heritage, 5/2007), lot 2108, realized $48,875; FUN Signature (Heritage, 1/2009), lot 3807, realized $37,375.
    7. MS64 Full Head NGC. Wes Rasmussen Collection (Superior, 2/1998), lot 2106; Fairchild Family Trust Collection (Goldbergs, 5/2001), lot 624, realized $36,800; Long Beach Signature (Heritage, 10/2001), lot 6417, not sold; Wayne S. Rich Collection (Bowers and Merena, 3/2002), lot 2317; ANA Auction (Bowers and Merena, 4/2005), lot 493, realized $43,000.
    8. MS63 Full Head PCGS. FUN Signature (Heritage, 1/2020), lot 4178, not sold.
    9. MS63 Full Head PCGS. Denver ANA (Bowers and Merena, 8/2006), lot 3141, realized $108,100.
    10. MS63 Full Head NGC. FUN Signature (Heritage, 1/2009), lot 3806, not sold.
    11. MS63 Full Head NGC. FUN Signature (Heritage, 1/2004), lot 6206, not sold.

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

    Weight: 6.25 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    September, 2020
    17th Thursday
    Bids + Registered Phone Bidders: 28
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