LOT Old Heritage Auctions  /  2007 Signature Coin - Charlotte, NC #434  / 

2107

1918/7-S 25C MS64 PCGS. This is one of the most famous

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1918/7-S 25C MS64 PCGS. This is one of the most famous
<B>1918/7-S 25C MS64 PCGS.</B></I> This is one of the most famous and popular of all 20th century overdates due to its listing in the <I>Guide Book</B></I> for many years. Although additional listings have appeared in the last few editions of the popular reference, it is the overdates listed in early editions that gain the most attention today. In fact, the earliest listing of this overdate variety actually predates the famous "Redbook." The 1942 edition of Wayte Raymond's <I>Standard Catalog</B></I> included the first record of this variety that had been discovered a few years earlier. Barney Bluestone first offered an example of this overdate variety in his December 1937 coin auction. The Mint State example was described at that time as unique.<BR> To this day, there seems to be some disagreement surrounding the origin of this variety. In the <I>Cherrypickers' Guide,</B></I> Bill Fivaz and J.T. Stanton write: "This clear overdate, 1918/7, was caused by using two different dated hubs when the die was made." In his <I>Complete Encyclopedia</B></I> Walter Breen further explains: "During autumn 1917, immense wartime coinage quotas had to be filled in haste. The Engraving Department was simultaneously making dies for 1917 'Type II' and 1918; in particular, 1918-dated dies for the branch mints had to be ready well before the year's end, so that the Denver and San Francisco facilities could proceed at once with coinage of this denomination. One working die received a blow from a 1917 hub, routinely went to the annealing furnaces to be prepared for subsequent blows, but through error returned to the wrong press and received its other blow from a 1918 hub."<BR> Alternatively, Standing Liberty quarter specialist J.H. Cline disagrees: "This overdate was caused by the recutting of a 1917 die. ... When a die was left over from previous years, rather than throw it away, it was reworked with the next year's date. This is not a dual hubbing, as this would result in doubled obverse or reverse, or both. ... This practice was supposed to have been abandoned around the turn of the century, but once in a while it is still practiced (such as the 1954-D/S Jefferson nickel) and this usually results in a very low mintage."<BR> A Choice Mint State example, this highly lustrous piece has exceptional mint frost beneath deep heather and iridescent toning. Although not a full strike, all of the design details on each side are boldly defined, with considerable (about 60%) head details on the obverse. Population: 17 in 64, 5 finer (2/07).<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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