The 1927-S Standing Liberty Quarter stands as a pinnacle of numismatic treasures, captivating collectors with its rarity and historical significance.
This elusive coin, minted in San Francisco, has fetched staggering sums at auctions, with pristine examples commanding prices upwards of $350,000.
But what makes this quarter so extraordinary? Let’s delve into the details that contribute to its esteemed status.
A Brief History of the Standing Liberty Quarter
Introduced in 1916, the Standing Liberty Quarter was designed by sculptor Hermon A. MacNeil. The obverse showcases Lady Liberty standing with a shield in her left hand and an olive branch in her right, symbolizing preparedness and peace.
The reverse features a majestic eagle in flight, representing freedom. This design replaced the Barber quarter and was minted until 1930.
The 1927-S Minting: A Study in Scarcity
The 1927-S edition of the Standing Liberty Quarter is particularly notable for its exceptionally low mintage.
Only 396,000 coins were produced at the San Francisco Mint that year, making it the second-lowest mintage in the series, surpassed only by the inaugural 1916 issue.
This limited production run has significantly contributed to its rarity.
Design Evolution and the “Full Head” Distinction
Over its production span, the Standing Liberty Quarter underwent design modifications. Early versions depicted Liberty with an exposed breast, but due to public outcry, a chainmail vest was added in 1917 for modesty.
A critical aspect for collectors is the “Full Head” (FH) designation, indicating a well-struck coin where Liberty’s facial features and helmet details are fully articulated. Such specimens are exceedingly rare for the 1927-S issue.
Condition and Market Value
The value of a 1927-S Standing Liberty Quarter is heavily influenced by its condition and the presence of the Full Head detail. Coins in Good (G-4) condition may be valued around $45, while those in Uncirculated (MS-60) condition can command approximately $6,125.
However, specimens with the Full Head designation in superior condition have achieved remarkable auction results. Notably, a 1927-S MS66 FH quarter realized $258,500 at a 2014 Heritage Auctions event.
Factors Contributing to Its High Value
Several elements elevate the 1927-S Standing Liberty Quarter to its esteemed position:
- Low Mintage: With only 396,000 coins produced, its scarcity is inherent.
- Condition Rarity: High-grade examples, especially those with the Full Head detail, are exceedingly uncommon.
- Historical Significance: As part of a beloved series with a unique design evolution, it holds a special place in numismatic history.
- Collector Demand: The combination of rarity and aesthetic appeal drives strong demand among collectors.
Comparative Mintage Figures
To contextualize the rarity of the 1927-S, here’s a comparison with other Standing Liberty Quarter mintages:
| Year | Mint Mark | Mintage |
|---|---|---|
| 1927 | None | 11,912,000 |
| 1927 | D | 976,000 |
| 1927 | S | 396,000 |
| 1928 | None | 6,336,000 |
| 1928 | D | 1,627,600 |
| 1928 | S | 2,644,000 |
Note: “None” indicates the Philadelphia Mint, which traditionally did not use a mint mark.
The 1927-S Standing Liberty Quarter embodies a blend of artistic merit, historical context, and rarity that captivates numismatists worldwide.
Its limited mintage, coupled with the scarcity of well-preserved specimens, especially those bearing the Full Head detail, renders it a coveted gem in the realm of coin collecting.
For enthusiasts and investors alike, acquiring such a piece represents not just an addition to a collection, but a tangible connection to a rich numismatic legacy.
FAQs
What does the “S” mint mark signify on the 1927-S Standing Liberty Quarter?
The “S” indicates that the coin was minted at the San Francisco Mint.
Why is the Full Head designation important for this coin?
The Full Head (FH) designation denotes a coin where Liberty’s head details are fully struck and visible, significantly enhancing its desirability and value among collectors.
How can I determine the value of my 1927-S Standing Liberty Quarter?
Assessing the coin’s condition, checking for the Full Head detail, and consulting recent auction records or professional grading services can provide an accurate valuation.