1918/7-S STANDING LIBERTY 25C MS66

Price: $137,500.00
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Coin Description

GEM LUSTROUS WHITE SURFACES. CLEAR, SHARP OVERDATE. JUST A SINGLE MS67 COIN GRADED HIGHER.

This overdate is the result of the demanding conditions that prevailed in the United States Mint during World War One.  With the nation's economy in full swing, the Mint was under tremendous pressure to churn out as many new coins as possible.  The Engraving Department located in the Philadelphia Mint seems to have overestimated on the number of working dies needed for the production of 1917-dated Type II Standing Liberty Quarters.  Rather than throw out all of the leftovers, one of the remaining dies was modified by the recutting of an 8 over the final digit in the date.  An S mintmark was then affixed and the die shipped to the West Coast for use in the production of 1918-S Quarters.

We do not know exactly how many of the 11 million Quarters struck in the San Francisco Mint during 1918 were impressed from this overdate obverse die.  Based on the number of coins extant, the original mintage of the 1918/7-S could not have been all that great.  Indeed, survivors are rare in all grades, particularly in Mint State.  A paltry number of coins produced certainly has something to do with this, but we believe that the more important culprit is the number of years that elapsed before this overdate was discovered.  The first auction appearance of a 1918/7-S Quarter was not until 1937, the intervening years since 1918 sufficing to impart most examples with considerable wear.  We also find it likely that many pieces were lost to future generations of numismatists when domestic circulation caused the date to wear away completely, as happened so often with pre-1925 Standing Liberty Quarters.  One of the rarest overdates in all of U.S. numismatics, the '18/7-S would serve as a centerpiece in any collection irrespective of grade.

Specifications

Grading Service: NGC SKU: 144768
Grade: MS 66 Cert Number: 912198003
Census*: -999/-999
*Source: NGC Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.
Bring This Coin to Life
In 1918, the world celebrated the end of World War I, a monumental event that brought hope for peace and rebuilding across the globe. The signing of the Armistice Agreement on November 11th marked the cessation of hostilities and signaled a new era of reconciliation and cooperation among nations. Amidst this backdrop of optimism, Fritz Haber was awarded the Nobel Prize in Chemistry for his groundbreaking synthesis of ammonia. This discovery revolutionized agriculture by enabling the mass production of fertilizers, ultimately leading to increased crop yields and ensuring food security for millions around the world. Additionally, the birth of the National Hockey League (NHL) in North America in 1918 marked a significant milestone in the world of sports. The formation of the NHL provided athletes with new opportunities to showcase their skills and brought communities together through the love of the game. These events of 1918 underscored moments of triumph, innovation, and progress amidst the challenges of a tumultuous period in history, leaving a lasting impact on society and shaping the trajectory of the future.