LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

935

1918/7-S 25C MS66 NGC. As is the case with most 20th c

Currency:USD Category:Coins & Paper Money / US Coins Start Price:85,000.00 USD Estimated At:1.00 - 2.00 USD
1918/7-S 25C MS66 NGC. As is the case with most 20th c
<B>1918/7-S 25C MS66 NGC.</B></I> As is the case with most 20th century overdates, the 1918/7-S was caused by the use of two different-dated working obverse hubs. Presumably, the die was made in late 1917 or early 1918, during the transition between the 1917 and 1918 dates. In recent years, the Mint has switched to a "single squeeze" method of die production, but prior to the 1990s, at least two hubbings were needed to bring up full detail on the working die. The first hubbing was with a 1917-dated obverse hub, then the hubs were coincidentally replaced prior to the second hubbing. The same method of die preparation was responsible for the 1918/7-D nickel, the 1909/8 double eagle, the 1942/1 and 1942/1-D dimes, and the 1943/2 nickel. Most of these mint errors happened during wartime, perhaps because key Mint employees were sent off to war, or perhaps because the emergencies of war streamlined Mint procedures. The 1918/7-S quarter is rare for several reasons: only one obverse die was used, the date quickly wore off examples, there were relatively few circulation coin collectors in 1918, and the variety remained undiscovered until 1937, per Breen. This combination of events makes the 1918/7-S the key to the Standing Liberty series, along with the famous 1916 rarity. In Mint State, there is no comparison between the two keys. Hundreds of Mint State 1916 pieces have been certified, compared to a couple of dozen Mint State 1918/7-S quarters. Most Uncirculated 1918/7-S pieces grade between MS62 and MS64. Gems are extremely rare. This lustrous Premium Gem possesses light golden-brown toning, and has remarkably unabraded surfaces. The grade is only limited by the strike, which shows the moderate softness on the head and waist characteristic of this coveted issue. Census: 1 in 66, 1 finer (11/06).<BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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