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Lot 0781 1918/7-S 25C AU58 Details Net XF45 cleaned

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,500.00 USD Estimated At:3,000.00 - 4,000.00 USD
Lot 0781 1918/7-S 25C AU58 Details Net XF45 cleaned
(PCI graded AU50). Although lightly cleaned at one time, leaving behind untoned surfaces, the fact remains the surfaces still retain luster on both sides, the detail inviting your inspection with a loupe, and the status as an overdate rarity locked in stone by the rigors of time and generations of avid collectors of this series. To put it in a nutshell, this is one of the celebrated rarities of the 20th century. Few overdates were struck after the mints went to more technically proficient production in the late 1890s, and all are eagerly sought by collectors. Perhaps one thousand of these 1918-D, 8 over 7 quarters exist, mainly well worn. The grading services have seen just a few over 500 in all grades. This one has the diagnostics referred to in the Breen Encyclopedia. The overdate is clear with or without a magnifying glass. The belief is that in the rush to get dies prepared, one 1918 die received a blow from a 1917 master hub, then the hub was switched to a 1918 hub, and the die was struck again. Quality control at the mint failed to notice the overdate, or let it go with a shrug of the shoulders, and the die was shipped and put into production at the San Francisco Mint. This lustrous, naturally preserved and toned example is at the high end of the "circulated" scale and deserves special mention for its beauty and desirability.