Background in the Standing Liberty Quarter
The radical alter within our coinage which was using location inside the earlier 20th century wasn’t pretty done by 1916. With the new Lincoln cent and Buffalo nickel now in circulation, and modifications to gold coinage, it had been now time for a change in silver, specifically, the dime, quarter and fifty percent dollar to bear a facelift and eliminate the uninteresting Barber styles. In late 1915 a style competition was announced to substitute the styles about the dime, quarter and 50 percent greenback. In 1916, Mint Director Robert Woolley informed Mint Chief Engraver Charles Barber that Hermon Atkins MacNeil’s style had been accepted for that quarter and that MacNeil could be visiting the Mint to get facts about making ready the required relief models. As Walter Breen writes in his guide entitled Comprehensive Encyclopedia of U.S and Colonial Coins, “Barber was as typical, fully uncooperative.” Assistant engraver George Morgan, who would later turn into chief engraver on Barber’s loss of life, was apparently far more valuable. In late May possibly of 1916, with Morgan’s assist, MacNeil’s designs that might be utilized for fie preparing were authorized.
The very first Standing Liberty Quarter coins arrived of the Philadelphia presses on December sixteen, 1916 along with the sequence continued by means of 1930. A mere 52,000 items were minted in those last two weeks of 1916 and were unveiled for the public along with 1917 dated coins in early 1917. Legend has it that soon immediately after the release there was a public outcry more than the exposed proper breast of Woman Liberty. Other people complained the small eagle looked like a pigeon. Whether this led towards the style transform just isn’t effectively documented as there had been also stacking difficulties with the Type I coins. In almost any event, the style was modified in 1917 to cover the appropriate breast with chain-mail at the same time as minor alterations to the back of the coin which moved three stars beneath the eagle, thus raising and centering the eagle. Therefore was born the Sort II Standing Liberty Quarter.
After a couple of many years in circulation it became apparent that the day was sporting off approach to rapid. Unlike the Buffalo Impeccable, somebody at the mint did make modifications and in 1925, the date region was reduced as to be safeguarded from the rim of the coin resulting more time put on on the day area. Therefore was born Type III which numerous take into account a subtype.
In generation for only fifteen many years, the Standing Liberty quarter suffered an early demise. 1932 marked the 200th anniversary of George Washington’s birth was introduced as a circulating commemorative which can be still in circulation these days.
Collectibility
Common
As one of our most beautiful coins, Standing Liberty quarters garner quite a subsequent. A complete set in circulated condition, aside from the 1916, can be experienced with only a number of coins heading for over $100 in circulated situation. Numerous of the later dates (1925 and immediately after) in decent condition is usually experienced for below $5.00. When grading this collection for larger end coins, appear towards the ideal knee and center from the shield on the obverse and the eagle’s breast and left wing around the reverse as these will display put on prior to other places. Moreover, incredibly properly struck coins will probably be graded as Full Head (FH). Coins graded as FH are considerably scarcer and can need a significant quality more than non FH inside the very same quality. In an effort to be graded FH the coin must demonstrate three leaves in Liberty’s hair, the hairline alongside Liberty’s brow should be total as well as the ear indentation should be evident.
Key/Semi Key Dates
Without a doubt, the key to the collection for the frequent collector may be the 1916 coin. Having a mintage of only 52,000 it could seem this coin really should be very rare. And though it truly is, it isn’t has difficult to get, to get a value, as it would appear. Just like most new sequence, collectors and the general public hoarded the very first coins of new issues. A G4 coin still retails for approximately $3500, so it isn’t low-cost. When it comes to scarcity in substantial grades, the 1916 day has more FH MS-67 coins graded by PCGS than some other day expect the 1930-P and 1930-S. Still, the 1916 will cost you much more as a result of its popularity. A MS67 FH lists for over $90,000.00
The year 1917 consisted of Kind I and Kind II coins. While the 1917-D Type II experienced a larger mintage (6.2 million vs. 1.5 million), the 1917-D kind II in great (G4) issue retails for $40.00 vs. the 1917D Sort I which matches for about $28. Due to the fact there had been so quite couple of 1916 coins, plus they were created in Philadelphia only, the folks out west in all probability believed 1917 was the initial 12 months and hoarded the first coins, that becoming Kind I and disregarded Sort II coins in the same 12 months. This value differential can also be apparent within the 1917-S Forms. Philadelphia minted far far more coins in both Forms in 1917 than the other two mints so there is not a major difference in price tag for this mint/date.
For your widespread collector, filling the earlier dates, individuals ahead of 1925 can come to be costly. Coins in G4 grades are ordinarily not that eye attractive and may still cost you well over $100 including the 1919 D & S, 1921 and 1923-S. Obtaining these in larger grades will reach near $1000 and nicely over $1000 for your 1923-S. For most other dates before 1925, take into account spending $50-100 per coin. As we get into coins dated 1925 and following, prices drop considerably. This primarily resulting from the alter towards the date that enabled to withstand much more put on. As previously mentioned coins dated 1924 and before wore the date out quickly. Coins dated 1925 and after had been better preserved. It absolutely was not unusual to find dated Standing Liberty quarters in circulation as late as the 1950′s. There one exception even though to individuals 1925 and later on quarters. The 1927-S was the 2nd lowest produced coin of the sequence having a mintage of only 396,000. Despite the fact that this is a quite reduced mintage, you could nevertheless acquire a F-12 coin for less than $100. Coins above that quality jump in price considerably. It’s remarkable to note that the famed 1932 D and S Washington quarters experienced greater mintages than the 1927-S yet you can get a G4 1927-S for less than $35.00 yet the 1932 D or 1932 S will price you around $150. This anomaly modifications though for greater grades because the 1927 S skyrockets in cost when the 1932 quarters go up in price gradually until you reach mint state coins.
Just like a lot of series from the day, Philadelphia was the main producer of coins while the Denver mints and San Francisco mints had lower manufacturing totals making mint-marked coins “generally” a lot more hard to find and extra costly.
Errors
The only highly recognized error within the collection may be the 1918/17 overdate. This coin in FH Mint State condition exceeds the prices with the 1916 coin. (in MS-65 FH the 1916 lists for $35,000 even though the 1918/17 lists for $300,000). PCGS has not yet certified a FH ms-65 FH 1918/17 overdate and has certified only 34 FH coins. In G4 problem the coins lists for $1,700.
There have been other reported errors/varieties like small/large mint marks for your 1928-s. If you are into collecting errors and types to the Standing Liberty quarters then the ebook for you is Standing Liberty Quarters: Varieties and Errors, written by Robert Knauss.
Proofs
There were no official proofs produced for the Standing Liberty quarter even though quite a few satin-finish proofs of 1916 and 1917 are reported to exist.
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