Last week I acquired a new 1923 Standing Liberty Quarter to add to my collection, which is what inspired me to write this blog. Designed by Hermon MacNeil, this is one of the most popular coin designs for collectors. The prices of these coins are generally much higher than other coins minted in the same time-period. The overall mintage of the Standing Liberty Quarter series is much lower than the popular Mercury Dimes and Buffalo Nickels. From 1916 to 1924, the dates wore off much sooner than any of the details. This is because the date is the highest part on early date Standing Liberty Quarters. This led to extreme difficulties for grading companies, like PCGS and NGC, as well as collectors and dealers. There is essentially only one that that is required to grade coins. That is that the coin must be identifiable by year, denomination, series, variety, etc. Unfortunately, many of the earlier Standing Liberty Quarters ended up “ungradable.” Coins that may normally be a good, or sometimes even a very good example, may be ungradable simply because of the lack of the date. From 1925 to 1930, the date was recessed, which was very beneficial. The coins weigh 6.25 grams and are composed of 90% silver and 10% copper.
No mintmark – Philadelphia
D – Denver
S – San Francisco
Key Dates and Errors
The biggest key date in the Standing Liberty Quarter series is the 1916. Only around 50,000 were minted, leading this to be very rare key date in the series. In Mint State condition, this coin often sells for over $15,000. The 1919-D and 1919-S are both rare, with under 2 million minted. The same goes for the 1921 and 1923-S. The 1927-D and 1927-S are even more scarce in terms of mintage numbers, with mintages under 1 million. The most well-known Standing Liberty Quarter error Is the 1918-S “8 over 7” variety, which sometimes goes for more than the scarce 1916 variety, with AU examples selling for around $10,000. The 1928-S has both small and large mintmark varieties, but are both valued similarly and is one of the more common dates in the series.
Should I Get A Standing Liberty Quarter Graded?
Lower-grade examples of the common dates are just that, common. I would personally not recommend getting a Standing Liberty Quarter professionally graded unless it is an AU-MS example and/or a rare key date or error coin. Mint State examples almost always sell for at least a few hundred dollars, making it a wise investment for the more expensive and higher grades.
Yeoman, R S. A Guide Book of United States Coins 2018 Essential Edition: The Official Red Book. Whitman Publishing, LLC, 2017.
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