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1918/7-S 25C FS-101 MS67 NGC....
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Sold on Aug 14, 2024 for:
$108,000.00
Bid Source: Internet bidder
Description
1918/7-S Quarter, Beautiful MS67
The Sole Finest Overdate Example Known
1918/7-S 25C FS-101 MS67 NGC. No issue in the entire
Standing Liberty quarter series is as much of a rarity in high
grade as the 1918/7-S. The overdate was not discovered until nearly
two decades after its creation, by which time collectors' best
chance of finding an example was to pluck a worn piece from
circulation. Bank rolls and other accumulations of Mint State
1918-S quarters yielded extremely limited results when searched for
the overdate. By the late 1940s, the 1918/7-S was an established
series key. The 1948 Guide Book listed the overdate at
$150.00 in Uncirculated condition -- significantly higher than the
other series key, including the 1916, which was listed at only $90
in the same condition. Today, the overdate remains the rarer and
more valuable coin, particularly in Mint State.The 1918/7-S also rivals the 1916 as the most poorly struck issue in the series. This issue is almost always seen with heavy clash marks in the recesses of Liberty's gown and evidence of die lapping in the fields. The shield is never seen sharp, and Full Head detail is present on only a fraction of the already scant Mint State population. When it comes to the 1918/7-S, it is challenging enough just to find a sharp date and well-struck eagle. And this without consideration of condition. A moderately well-struck coin in a middle or upper Mint State grade is an incredible rarity.
A number of resubmissions are likely reflected in the certified population figures for this issue, although the general clustering of Mint State coins in the MS62 to MS64 grade range is accurate. Gem or finer coins are extremely rare, and none this well preserved are in Full Head. The finest non-Full Head coins at PCGS are a pair of MS66s, followed by four MS65s. At NGC, there are four MS65s, an MS66, and this single MS67. (When we previously handled this coin eight years ago, another MS67 piece was reported at NGC, and that other coin appeared in a Stack's Bowers auction in 2020, realizing slightly less than the current piece did in our 2016 auction. The Stack's Bowers MS67 NGC coin has since been crossed into an MS66 PCGS holder, leaving only the present example at the top of the Condition Census.)
One glance at this piece and the astute collector will marvel. The luster is remarkably thick and frosty for an issue that often comes dull and satiny, with light champagne toning that accents the margins. The strike is also impressive: Liberty's head detail is far above average for the issue with the three sprigs showing plainly, and the shield shows at least partial definition on all rivets and lines. The central torso and the reverse eagle are also far better defined than is typical of the 1918/7-S. The eye appeal generated by the MS67-quality surfaces is stunning, with no obvious abrasions. This piece, when considered for rarity, quality, and eye appeal, is arguably just as important of a consideration for the advanced collector as one of the finest Full Head pieces. A 1918/7-S of simply unsurpassed quality.
Ex: FUN Signature (Heritage, 1/2014), lot 5233; ANA Signature (Heritage, 8/2016), lot 4056.
From The Noel Thomas Patton Collection, Part II.
Coin Index Numbers: (Variety PCGS# 395949, Base PCGS# 5726, Greysheet# 392833)
Metal: 90% Silver, 10% Copper
Weight: 6.25 grams
ASW: 0.20oz
View all of [The Noel Thomas Patton Collection, Part II ]
Auction Info
2024 August 12 - 18 ANA US Coins Signature® Auction #1376 (go to Auction Home page)
Auction Dates
August, 2024
12th-18th
Monday-Sunday
Bids + Registered Phone Bidders: 17
Lot Tracking Activity: N/A
Page Views: 1,077
Buyer's Premium per Lot:
20% of the successful bid per lot.
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