Standing Liberty Quarter Value Guide (1916–1930)

Complete Standing Liberty Quarter values from 1916 to 1930. Find your coin's worth by year, mint mark, and condition. Silver content, key dates like 1916 and 1927-S, Full Head designation, and the famous 1918/7-S overdate explained.

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Quick Answer

Standing Liberty Quarter values range from $19 (silver melt value) to over $336,000 for the rarest varieties.

Silver Content: All contain 0.18084 oz silver (melt value ~$18.80 at current prices)
Type 1 (1916-1917): Exposed breast, no stars under eagle — highly collectible
Type 2 (1917-1930): Chain-mail vest, three stars under eagle
Key dates: 1916 ($14,000+), 1927-S ($40+), 1921 ($175+), 1919-D/S ($85+)
Full Head designation: Can multiply value 2× to 10× or more

Value depends on year, mint mark, condition, and strike quality. Many 1917-1924 coins are found dateless (worth melt value only).

Standing Liberty Quarter Value Tool

Answer a few quick questions to estimate your coin's value

Values are estimates based on recent market data as of 2026-01. Silver spot price of ~$103/oz used for melt value calculations (~$18.80 per coin).

Actual value depends on precise grade, strike quality (Full Head designation), eye appeal, and current market conditions.

Professional grading by PCGS or NGC is strongly recommended for coins potentially worth $100 or more.

The 1916 is heavily counterfeited—verify it has a Type 1 reverse (no stars under eagle) and seek professional authentication before buying or selling.

The 'Full Head' designation can multiply value 2× to 10× or more—examine your coin carefully using the three-point FH criteria.

The Standing Liberty Quarter represents one of the most artistically sophisticated and metallurgically complex series in United States coinage history. Minted from 1916 through 1930, this series bridges the classical Barber design and the modern Washington Quarter, capturing a pivotal era in American numismatics.

For collectors and investors in 2026, the series presents a unique dual-value proposition. Every Standing Liberty Quarter contains 0.18084 troy ounces of 90% silver, creating an intrinsic melt value floor of approximately $18.80 at current silver spot prices of $103+ per ounce. This extraordinary valuation fundamentally alters the economics of the series—common-date circulated coins trade near their silver content, while key dates, exceptional strikes, and rare varieties command exponential premiums reaching into six figures.

The series is defined by three distinct types that serve as the primary attribution framework. The short-lived Type 1 (1916-1917) features Liberty with an exposed breast and a reverse devoid of stars below the eagle. The Type 2 (1917-1930) corrects the perceived modesty issue with a chain-mail vest and adds three stars beneath the eagle. The Type 3 (1925-1930) introduced a recessed date to prevent the rapid wear that rendered many earlier issues completely dateless. This guide covers all 37 distinct year-mint combinations across 15 years of production, plus the famous 1918/7-S overdate variety that ranks among the most valuable U.S. coins of the 20th century.

Standing Liberty Quarter Identification Guide

Proper identification of Standing Liberty Quarters requires understanding three key diagnostic areas: design type, mint mark location, and silver content verification.

Type 1 vs. Type 2 vs. Type 3 Identification

The quickest way to identify your coin's type is by examining the reverse (eagle side):

Type Identification Quick Reference

Type 1 (1916-1917): No stars under the eagle. Obverse shows exposed breast. Minted only in 1916 and early 1917.
Type 2 (1917-1930): Three stars under the eagle. Obverse shows chain-mail vest covering breast. Date is raised (1917-1924) or recessed (1925-1930).
Type 3 (1925-1930): Same as Type 2 but with recessed date to prevent wear.

Do not rely solely on the obverse breast detail, as this wears quickly. The reverse stars are the definitive diagnostic because they remain visible even on heavily worn coins.

Mint Mark Location

The mint mark appears on the obverse (Liberty side), positioned to the left of the date, just above and behind the 'M' in AMERICA. Look carefully in this area:

No mint mark: Philadelphia mint
D: Denver mint
S: San Francisco mint

Mint marks can be small and may require magnification to identify clearly, especially on worn examples.

Mint mark location on Standing Liberty Quarter obverse, left of date

Silver Content Verification

All Standing Liberty Quarters (1916-1930) contain 90% silver and 10% copper. Unlike later Washington Quarters where silver was discontinued in 1965, there are no clad (non-silver) Standing Liberty Quarters.

Weight: 6.25 grams
Silver content: 0.18084 troy ounces
Current melt value: Approximately $18.80 (at $103/oz silver)

Even heavily damaged or dateless Standing Liberty Quarters retain this intrinsic silver value, creating a price floor for the entire series.

Type 1 (left) vs. Type 2 (right) reverse comparison — note absence of stars under eagle on Type 1

Identifying Dateless Coins

Many Standing Liberty Quarters from 1917-1924 are found with the date completely worn away due to the raised date design. A dateless coin can still be attributed by type:

Dateless Type 1: No stars under eagle, exposed breast design. Worth $25-$35 (small premium over melt).
Dateless Type 2: Three stars under eagle. Worth approximately $19-$20 (melt value only).

The date recessed into the coin starting in 1925, making Type 3 coins (1925-1930) far less likely to be dateless.

Standing Liberty Quarter Value Chart (1916-1930)

The following comprehensive table provides market values for every Standing Liberty Quarter issue from 1916 through 1930, reflecting current silver spot prices of approximately $103 per ounce. Values represent fair market ranges based on recent auction records, dealer pricing, and third-party price guides from PCGS and NGC.

⚠️ Important: Full Head Premium

Values listed are for standard strikes (non-Full Head). Coins designated "Full Head" (FH) by grading services command premiums shown in the FH column. A coin graded MS-65 might be worth $400 standard or $3,200 with Full Head—a 700% premium. Strike quality dramatically affects value in this series.

Year	Mint	Type	Mintage	Circ Value (G4-AU58)	Unc Value (MS60-MS65)	FH Premium %	Notes
1916	P	Type 1	52,000	$14,000–$17,000	$20,000–$37,000	+20%	SERIES KEY DATE. Verify authenticity—heavily counterfeited. See authentication guide.
1917	P	Type 1	8,740,000	$25–$200	$285–$800	+25%	Common Type 1. Hoarded after design change.
1917	D	Type 1	1,509,200	$30–$250	$360–$2,000	+50%	Scarce in gem grades.
1917	S	Type 1		$40–$285	$415–$2,500	+75%	Weak strikes common. FH is condition rarity.
1917	P	Type 2	13,880,000	Melt–$100	$150–$600	+30%	First Type 2 issue. Common date.
1917	D	Type 2	6,224,400	$45–$150	$320–$1,800	+100%	Scarcer than mintage suggests.
1917	S	Type 2	5,552,000	$45–$160	$320–$2,200	+300%	Strike rarity. FH extremely rare.
1918	P	Type 2	14,240,000	$20–$55	$220–$900	+50%	Common date.
1918	D	Type 2	7,380,000	$25–$145	$350–$2,000	+100%	Semi-key date.
1918	S	Type 2	11,072,000	$20–$60	$310–$1,500	+200%	FH extremely rare.
1918/7	S	Type 2	Included above	$2,500–$9,900	$27,000–$136,000	N/A	MAJOR OVERDATE VARIETY. Most valuable coin in series. Record: $336,000.
1919	P	Type 2	11,324,000	$35–$100	$135–$800	+100%	Common date.
1919	D	Type 2	1,944,000	$85–$600	$800–$3,500	+200%	KEY DATE. Scarce in all grades.
1919	S	Type 2	1,836,000	$80–$550	$1,000–$6,300	+300%	KEY DATE. Less than 20% of MS coins are FH.
1920	P	Type 2	27,860,000	Melt–$55	$100–$400	+50%	High mintage. Very common.
1920	D	Type 2	3,586,400	$50–$165	$400–$2,500	+200%	Semi-key date.
1920	S	Type 2	6,380,000	$20–$65	$300–$2,500	+1000%	STRIKE RARITY KING. Genuine FH is "Holy Grail" ($25,000+).
1921	P	Type 2	1,916,000	$175–$800	$1,150–$3,500	+100%	KEY DATE. No D or S mints this year.
1922 — NO COINS MINTED (Gap Year)
1923	P	Type 2	9,716,000	Melt–$40	$100–$400	+50%	Common date.
1923	S	Type 2	1,360,000	$200–$1,300	$3,000–$5,750	+100%	KEY DATE. Condition rarity in MS. Competes with 1916 in FH.
1924	P	Type 2	10,920,000	Melt–$55	$110–$400	+50%	Last raised date issue.
1924	D	Type 2	3,112,000	$55–$195	$230–$1,500	+200%	Semi-key date.
1924	S	Type 2	2,860,000	$25–$145	$425–$2,200	+300%	Strike quality varies widely.
1925	P	Type 3	12,280,000	Melt–$30	$100–$300	+30%	First recessed date. Common.
1926	P	Type 3	11,316,000	Melt–$30	$90–$250	+30%	Common date.
1926	D	Type 3	1,716,000	Melt–$50	$140–$1,200	+800%	FH STRIKE RARITY. Notoriously flat strikes. Genuine FH commands $8,000+.
1926	S	Type 3	2,700,000	Melt–$50	$225–$1,800	+200%	Semi-key date.
1927	P	Type 3	11,912,000	Melt–$30	$80–$250	+30%	Common date.
1927	D	Type 3	976,400	Melt–$60	$220–$1,500	+100%	Lowest D mintage. Undervalued "sleeper".
1927	S	Type 3	396,000	$40–$2,000	$2,800–$20,000	+1000%	KEY DATE. Second-lowest mintage. Gem FH sold for $258,500.
1928	P	Type 3	6,336,000	Melt–$30	$80–$250	+30%	Common date.
1928	D	Type 3	1,627,600	Melt–$30	$80–$400	+100%	Semi-key date.
1928	S	Type 3	2,644,000	Melt–$30	$90–$660	+100%	Large S variety commands premium. See varieties section.
1929	P	Type 3	11,140,000	Melt–$30	$80–$250	+30%	Common date.
1929	D	Type 3	1,358,000	Melt–$30	$80–$350	+50%	Semi-key date.
1929	S	Type 3	1,764,000	Melt–$30	$80–$350	+50%	Semi-key date.
1930	P	Type 3	5,632,000	Melt–$30	$80–$250	+20%	Final year. Hoarded.
1930	S	Type 3	1,556,000	Melt–$30	$80–$300	+50%	Final year. Hoarded.

💡 About "Melt" Values

When the table shows "Melt" as the low end of the value range, this refers to the coin's silver content value. Each Standing Liberty Quarter contains 0.18084 oz of silver, worth approximately $18.80 at current spot prices (~$103/oz). Common dates in low grades trade at or near this intrinsic metal value.

Silver Melt Value Formula

The melt value of any Standing Liberty Quarter can be calculated using the formula:

Melt Value = Silver Spot Price × 0.18084 oz

At the current silver spot price of approximately $103 per troy ounce:

$103.00 × 0.18084 = ~$18.80 per coin

This creates a price floor for the entire series. Even heavily worn, dateless, or damaged common-date coins retain this intrinsic silver value. Key dates, exceptional strikes, and rare varieties command substantial premiums above melt value—from 2× to over 17,000× for the rarest specimens.

For current spot prices, see APMEX or JM Bullion.

Standing Liberty Quarter Values by Type

The Standing Liberty Quarter series is most effectively understood through its three distinct type eras, each defined by design variations and technical characteristics that directly impact value and collectibility.

Type 1 Era (1916–1917)

Type 1 Design (1916-1917)

Exposed breast design | No stars under eagle | Only 4 issues total | Highly collectible as short-lived type

The Type 1 design represents the original artistic vision of sculptor Hermon Atkins MacNeil. Liberty is depicted with an exposed breast, and the reverse features a flying eagle without stars below. This design was short-lived, replaced midway through 1917 due to public concerns about modesty.

Type 1 obverse showing exposed breast design

1916 Philadelphia (The Absolute Key): With a mintage of only 52,000, the 1916 Standing Liberty Quarter is the foundational rarity of the series. Unlike other "first year" issues that were heavily saved, the 1916 was released quietly in late December 1916 and early 1917, immediately mixing with the massive influx of 1917-dated coins. High-grade examples are exceptionally rare, with a MS67+ Full Head specimen selling for $195,500 in 2010.

Strike Characteristics: The 1916 often exhibits "mushy" strikes. Shield rivets are frequently soft, and head detail—while better than later S-mints—is not always fully defined. This makes Full Head examples particularly desirable.

⚠️ Counterfeit Alert: 1916

The 1916 is the most heavily counterfeited date in the series. The most common method is altering a 1917 Type 1 coin. Verification test: A genuine 1916 MUST have a Type 1 reverse (no stars under eagle). If your "1916" has three stars below the eagle, it is a counterfeit. See the NGC counterfeit detection guide for detailed diagnostics.

1917 Type 1 (P, D, S): When the design change was announced, the public hoarded 1917 Type 1 coins, making the Philadelphia issue the most affordable way to acquire a Gem Type 1 example. The Denver and San Francisco issues are significantly scarcer. The 1917-S Type 1 often exhibits weaker central details than its Philadelphia counterpart, making Full Head examples condition rarities that command premiums of 75% or more.

Type 2 "Raised Date" Era (1917–1924)

Type 2 Raised Date Era (1917-1924)

Chain-mail vest | Three stars under eagle | Date on raised pedestal (wears off quickly) | Many coins dateless

The Type 2 design introduced the chain-mail vest and rearranged reverse stars, with three placed below the eagle. Crucially, the date remained on a raised pedestal, making it one of the highest points on the coin. This design flaw meant dates wore off rapidly in circulation.

The "Dateless" Phenomenon

A vast quantity of Standing Liberty Quarters from 1917-1924 are found with the date completely worn away. This creates a unique market dynamic:

Dateless Type 2 quarters: Worth silver melt value only (~$19 at current prices)
Dateless Type 1 quarters: Worth $25-$35 (small premium due to one-year-type collectibility)
Acid restoration: Dates can be restored using chemical etchants (e.g., Nic-A-Date), but these are considered damaged/cull coins with no numismatic premium

Dateless vs. readable date comparison — note complete loss of date numerals on worn example

1918/7-S Overdate — The Series Rarity

The 1918/7-S overdate is the most famous variety in the series and one of the most valuable U.S. coins of the 20th century. A 1917 die was reworked for 1918, but the "7" was not fully effaced. The diagnostic is unmistakable: the top bar of the 7 cuts through the top loop of the 8, and the tail of the 7 is visible below. In Full Head condition, it is virtually unique. A MS64+ Full Head specimen sold for $336,000 in 2020. Even in G-4, it commands thousands.

1918/7-S overdate diagnostic — note the "7" clearly visible beneath the "8" in the date

Key Dates: 1919-D, 1919-S, 1921, 1923-S

These issues represent the pillars of difficulty for intermediate collectors:

1919-D and 1919-S: With mintages under 2 million, these are true rarities in VF and higher. The 1919-S is notoriously difficult to find with Full Head; less than 20% of certified Mint State examples qualify.
1921: A standalone key date. No quarters were minted in Denver or San Francisco this year, and the Philadelphia mintage of 1.9 million was not heavily saved.
1923-S: With a mintage of only 1.36 million, this is a condition rarity. In MS65 Full Head, it competes with the 1916 in terms of desirability among specialists.

1920-S — The Strike Rarity King

While the mintage of 6.38 million suggests a common coin, the 1920-S is legendary for its appalling strike quality. The San Francisco mint set die pressure too low or used worn dies, resulting in coins that are flat even in uncirculated condition. A 1920-S with a legitimate Full Head is one of the "Holy Grails" of the series, commanding premiums of 1000% or more—a standard MS65 might be $400, while a Full Head specimen exceeds $40,000.

Type 3 "Recessed Date" Era (1925–1930)

Type 3 Recessed Date Era (1925-1930)

Date recessed into field | Dates survive on worn coins | More common in lower grades | 1927-S is major key

In 1925, the Mint recessed the date area, protecting the digits from wear. As a result, low-grade coins from this era almost always have legible dates. This makes them far more common in circulated grades than their 1917-1924 counterparts—they form the bulk of "junk silver" Standing Liberty hoards.

Raised date (1917-1924, left) vs. recessed date (1925-1930, right) comparison

1926-D — The "Flat" D

With a mintage of 1.7 million, the 1926-D is famously flat. The Denver mint struggled with strike quality in 1926. Finding a 1926-D with Full Head is an exercise in extreme patience, carrying an FH premium of nearly 800% ($1,200 standard vs. $8,000+ Full Head).

1927-S — The Late Key

With a mintage of only 396,000, the 1927-S is the second-lowest mintage of the entire series. It was recognized as a rarity at the time of issue, leading to some hoarding, but the strike quality is generally poor. A Full Head 1927-S in Gem condition is a six-figure asset—a MS66 Full Head sold for $258,500 in 2014.

1927-D — The Undervalued Sleeper

With a mintage of 976,000, this is the only other date (besides 1916 and 1927-S) with a mintage under 1 million. Despite this, it is often overshadowed by the 1927-S, representing a significant "value play" in the series—often trading for significantly less despite being only 2.5× more common.

1928-S Large S Variety

The 1928-S Large S variety features a significantly taller and bolder mintmark compared to the standard S. It commands a premium in MS grades, typically 15-30% more than the Small S version.

1930 — The Final Year

High-grade examples of both 1930 Philadelphia and San Francisco are plentiful because collectors and the public hoarded the "last of the type" before the Washington Quarter was introduced in 1932.

Most Valuable Standing Liberty Quarters

This ranking highlights the specific issues that represent the pinnacle of investment potential and collector demand in the Standing Liberty Quarter series. Values reflect recent auction records from major numismatic houses including PCGS Auction Prices and Heritage Auctions.

1918/7-S Overdate

Record Sale: $336,000 (MS64+ FH, 2020)

The absolute king of Standing Liberty Quarters. A 1917 die was reworked for 1918, but the "7" was not fully effaced, creating the most dramatic overdate in the series. The diagnostic is unmistakable—the top bar of the 7 cuts through the top loop of the 8, and the tail of the 7 is visible below. In Full Head condition, it is virtually unique among circulation strikes.

Source: PCGS Auction Prices

1927-S Standing Liberty Quarter

Record Sale: $258,500 (MS66 FH, 2014)

The late-series key with the second-lowest mintage of the entire series at only 396,000. It was recognized as a rarity at the time of issue, leading to some hoarding, but the strike quality is notoriously poor. A Full Head example in Gem condition is one of the most prized coins in 20th-century U.S. numismatics, often rivaling or exceeding the 1916 in value at the highest grade levels.

Source: PCGS News

1916 Standing Liberty Quarter

Record Sale: $195,500 (MS67+ FH, 2010)

The foundational key date of the series with a minuscule mintage of only 52,000. Unlike other "first year" issues that were heavily saved by collectors, the 1916 was released quietly in late December 1916 and early 1917, immediately mixing with circulation. This makes high-grade survivors exceptionally rare. The 1916 is also the most heavily counterfeited date in the series—authentication is essential.

Source: PCGS CoinFacts

1920-S Full Head

Record Sale: $40,800 (MS67, 2020)

The "Strike Rarity King" of the series. While the mintage of 6.38 million suggests a common coin, the 1920-S is legendary for its appalling strike quality. The San Francisco mint used insufficient die pressure or worn dies, resulting in coins that are flat even in uncirculated condition. A genuine Full Head 1920-S is one of the "Holy Grails" of Standing Liberty Quarter collecting, commanding premiums of 1000% or more over standard strikes.

Source: PCGS CoinFacts

1923-S Standing Liberty Quarter

Record Sale: $7,800 (MS66, 2021)

A classic condition rarity with a mintage of only 1.36 million—the second-lowest S-mint production in the series (excluding 1927-S). The 1923-S is very difficult to find in Gem uncirculated condition, and in MS65 Full Head, it competes with the 1916 in terms of desirability among specialists. Most examples show evidence of weak striking on Liberty's head, making Full Head specimens particularly valuable.

Source: PCGS CoinFacts

💡 Understanding "Full Head" Premiums

The dramatic price differences between standard and Full Head examples reflect the extreme rarity of well-struck coins in this series. Many issues—particularly San Francisco and Denver branch mints—were struck with inadequate die pressure, weak or worn dies, or poor alignment, resulting in less than 5% of surviving Mint State coins qualifying for the Full Head designation. For certain issues like the 1920-S and 1926-D, Full Head coins are essentially condition rarities regardless of mintage figures.

Standing Liberty Quarter Errors & Key Varieties

Beyond the date and mint mark combinations covered in the value chart, several significant varieties and errors command substantial premiums and require specialized knowledge for proper attribution.

1918/7-S Overdate — Attribution Guide

The 1918/7-S overdate is the defining variety of the entire Standing Liberty Quarter series and ranks among the most dramatic overdates in all of U.S. coinage. This occurred when the San Francisco mint reused 1917-dated dies for 1918 production, failing to fully efface the original "7" before repunching an "8" over it.

🔍 Diagnostic Requirements

To positively identify the 1918/7-S overdate, look for ALL of these features:

Horizontal bar of "7" cutting through top loop of "8": This is the most obvious diagnostic. Under magnification, you'll see a clear horizontal line intersecting the upper curved portion of the 8.
Tail of "7" visible below the "8": The lower diagonal stroke of the 7 extends below the base of the 8.
San Francisco mint mark: The variety only exists for the S-mint.

Beware of "wishful thinking" misattributions. Lighting angles and die polish marks can create the illusion of an overdate. When in doubt, submit to a professional grading service.

Close-up of 1918/7-S overdate diagnostics with "7" clearly visible beneath "8"

Even in heavily worn grades (G-4 to VG-8), the 1918/7-S commands $2,500–$5,000. In About Uncirculated, values reach $9,000–$20,000. Mint State examples are exceedingly rare, with prices ranging from $27,000 to over $136,000 for Gem Full Head specimens. The auction record of $336,000 was set in 2020 for a MS64+ Full Head example.

For detailed attribution, see PCGS's 1918/7-S auction records and images.

1928-S "Large S" vs. "Small S" Variety

The 1928-S quarter was struck with two distinct mintmark punches, creating a collectible variety pair. The "Large S" features a significantly taller mintmark with more pronounced serifs compared to the standard "Small S."

1928-S Large S (left) vs. Small S (right) mintmark comparison

The Large S is the scarcer of the two varieties, though not dramatically so. In lower circulated grades (G-4 through VF-20), the premium is negligible—perhaps $2-$5. However, in Mint State grades MS-63 and higher, the Large S commands a 15-30% premium over the Small S. An MS-65 Small S might trade for $350, while the Large S would be $425-$450.

For variety attribution resources, see NGC's VarietyPlus guide.

Type 1 vs. Type 2 Attribution

Proper type identification is critical for accurate valuation, especially for 1917-dated coins which were minted in both types. Do not rely solely on the obverse breast detail, which wears off quickly in circulation.

✓ Definitive Type Identification

Check the REVERSE (eagle side) of the coin:

Type 1: No stars under the eagle. The eagle is centered in an open field.
Type 2: Three stars arranged under the eagle's wings (one left, one center, one right).

The reverse star arrangement remains visible even on heavily worn coins and is the most reliable diagnostic for type attribution.

Type 1 (left) vs. Type 2 (right) reverse comparison — note star placement

1916 Counterfeit Detection

The 1916 Standing Liberty Quarter is the most heavily counterfeited date in the series due to its extreme rarity and high value. The most common method is altering the date on a 1917 Type 1 coin. NGC's counterfeit detection guide provides comprehensive diagnostics.

Primary Authentication Tests:

1. Reverse Type Test (CRITICAL)

If a coin is dated 1916 but has three stars below the eagle (Type 2 reverse), it is a counterfeit. The 1916 was only produced with the Type 1 reverse (no stars below eagle). This is an instant red flag.

2. Die Diagnostics

Genuine 1916 quarters have specific die characteristics. The shield rivets on a 1916 are often "mushy" or less defined compared to the typically sharp rivets of a 1917 Type 1. Study high-resolution images of authenticated 1916 specimens before purchasing.

3. Weight Test

Genuine specimens weigh 6.25 grams. Counterfeits, especially cast ones or those made from base metals, often weigh significantly less (e.g., 5.8-6.0 grams). Use a precision scale accurate to 0.01 grams.

4. Professional Authentication

For any 1916 you are considering purchasing for more than $1,000, insist on third-party authentication from PCGS or NGC. The certification fees ($30-$100) are trivial compared to the risk of buying a $15,000 counterfeit.

Counterfeit detection: genuine 1916 must have Type 1 reverse with no stars under eagle

Doubled Dies and Repunched Mintmarks

Unlike series such as the Lincoln Cent, Standing Liberty Quarters do not have widely recognized doubled die varieties that command significant premiums. A few minor repunched mintmarks (RPMs) exist but are primarily of interest to variety specialists rather than mainstream collectors. If you believe you have discovered a doubled die or RPM, submit it to NGC VarietyPlus or a recognized variety attribution service for verification.

How to Grade Standing Liberty Quarters

The value of a Standing Liberty Quarter is exponentially determined by two factors: Surface Preservation (the numeric grade) and Strike Quality (the Full Head designation). Understanding both is essential for accurate valuation.

The Full Head (FH) Designation

The "Full Head" attribution is not a grade—it is a strike designation that serves as a value multiplier for the base grade. It can only be applied to coins graded AU-50 or higher, though market relevance typically begins at AU-55/58.

⚠️ Critical Value Impact

The Full Head designation can multiply a coin's value by 2× to 10× or more. A 1926-D graded MS-64 might trade for $1,200. The same coin in MS-64 Full Head exceeds $10,000. For issues like the 1920-S, the premium approaches 1000%.

Diagnostic Requirements for Full Head (FH):

According to PCGS and NGC grading standards, a coin must exhibit ALL THREE of these features to receive the FH designation:

1. Three Distinct Leaves on Liberty's Helmet

The helmet/cap must show three complete, separated leaves. They must be distinct from each other—not merged into a single blob or showing only two leaves. This is the most commonly failed criterion.

2. Complete, Unbroken Hairline Across the Brow

A continuous line must be visible across Liberty's forehead, separating the hair from the face. Any break in this line disqualifies the coin from FH designation.

3. Visible Ear Indentation (Ear Hole)

The ear must show a distinct indentation or "hole"—a small "C" shape or depression. If the ear is flat without this detail, the coin cannot be designated Full Head.

Full Head diagnostic: three distinct leaves on Liberty's helmet

Full Head diagnostic: complete hairline across brow

Full Head diagnostic: visible ear indentation

Type 1 Specific Requirement:

For 1916–1917 Type 1 coins, grading services also require a distinct separation between the hair cords and the cap. This is less critical for Type 2 coins where the chain-mail design obscures this area.

The "Full Shield" Concept:

While not an official designation on the slab label, the term "Full Shield" is used by advanced collectors to describe coins with fully struck shield rivets. A coin can be FH but have a weak shield (common on 1919-S). A coin with both FH and Full Shield commands the absolute top of the market price and is sometimes denoted in auction descriptions as "FH/FS."

Full Head (left) vs. standard strike (right) comparison

Standard Grade Descriptions

The following grade definitions apply to Standing Liberty Quarters using the Sheldon 70-point scale. These descriptions focus on the most diagnostic areas for this series.

About Good (AG-3)

Surface: Rims are worn into the lettering. Liberty is a flat outline.
Date: On Type 2 coins (1917-1924), the date is completely gone (value: melt). On Type 3 coins (1925-1930), the date may be partial but readable.

Good (G-4)

Surface: Rims are complete and separate from lettering. Liberty's outline is complete but she is entirely flat with no internal detail.
Eagle: The reverse eagle has no internal feather detail—just an outline.
Date: Must be legible (even if weak) for numismatic value above melt.

Standing Liberty Quarter in Good (G-4) grade

Very Good (VG-8)

Surface: Some detail returns to Liberty's drapery. You can distinguish her right leg from her gown.
Date: Full and clear.
Motto: "IN GOD WE TRUST" is complete but may be weak.

Fine (F-12)

Surface: Liberty's sash is clearly separated from her leg. The shield shows the first traces of rivets.
Eagle: Wing feathers show distinct separation.
Breast (Type 2/3): Chain mail begins to show as individual links, not a flat mass.

Standing Liberty Quarter in Fine (F-12) grade

Very Fine (VF-20)

Surface: Liberty's right leg is rounded with clear definition from the gown. The chain mail on the breast is visible but shows wear on the high points.
Shield: Rivets are distinct.
Hair: Hair leaves are visible but worn flat—no FH designation possible.
Eagle: Feathers are well-defined with only slight wear.

Standing Liberty Quarter in Very Fine (VF-20) grade

Extremely Fine (XF-40)

Surface: The chain mail is distinct with minimal wear. Shield rivets are clear and raised. Hair leaves are visible but show wear on the highest points.
High points (wear): Knee, breast, shield center, top of head show light wear.
Luster: Traces of original mint luster may remain in protected areas.

Standing Liberty Quarter in Extremely Fine (XF-40) grade

About Uncirculated (AU-50 to AU-58)

Wear: Only slight traces of wear on the absolute highest points: Liberty's knee, breast (chain mail high points), shield center, and head.
Luster: Original mint luster is present in the fields and protected areas, covering 50-95% of the surfaces.
Full Head: FH designation becomes possible at AU-55/58 if strike is strong enough.

Standing Liberty Quarter in About Uncirculated (AU-50) grade

Mint State (MS-60 to MS-70)

Wear: No wear whatsoever under magnification.
Grade determinants: Value within the Mint State range is determined by:

Luster quality: Original, unbroken luster vs. dull or "baggy" surfaces
Contact marks: Number, size, and location of bag marks or handling marks
Strike quality: Critical for this series—weak strikes are common
Eye appeal: Overall aesthetic quality including toning, if any

Full Head: At MS-63 and higher, the FH premium becomes very significant (100-1000% depending on issue).

Standing Liberty Quarter in Mint State MS-63 grade

Standing Liberty Quarter in Gem Mint State MS-65 grade

When to Seek Professional Grading

Professional third-party grading by PCGS or NGC is recommended when:

Any coin you believe is AU-58 or better
Any coin you suspect might have Full Head designation
Any key date (1916, 1919-D/S, 1921, 1923-S, 1927-S) in any condition
Any coin potentially worth $100 or more
The 1918/7-S overdate in any condition
The 1916 in any condition (authentication essential due to counterfeits)

Grading fees typically range from $20-$50 per coin for standard service, but the increased marketability and buyer confidence often justify the cost.

Standing Liberty Quarter Collector's Guide

Collecting Standing Liberty Quarters presents unique challenges and opportunities compared to other U.S. coin series. This section addresses the practical realities collectors face when building a set.

The "Dateless" Quarter Reality

One of the defining characteristics of the Standing Liberty Quarter series is the prevalence of dateless coins from the Type 2 raised date era (1917-1924).

Why So Many Dateless Coins?

The date on Type 2 Standing Liberty Quarters (1917-1924) was positioned on a raised pedestal, making it one of the highest points on the coin. Normal circulation wear caused the date to disappear before other design elements showed significant wear. As a result, a vast quantity of Standing Liberty Quarters from this era are found with completely worn-off dates.

Dateless (left) vs. readable date (right) comparison

Market Value of Dateless Coins:

Dateless Type 2 (1917-1924)

Value: Silver melt value only (~$18.80 at current $103/oz silver prices)
Identification: Three stars under the eagle on reverse
Collectibility: Useful only as filler coins or bullion

Dateless Type 1 (1916-1917)

Value:$25–$35 retail (small premium over melt)
Identification: No stars under the eagle on reverse; exposed breast on obverse
Collectibility: Carries a premium because Type 1 is a one-year-type design that collectors desire even in low grade

Date Restoration

Chemical products like "Nic-A-Date" can restore worn dates by etching the metal. However:

Restored dates are considered damaged/altered coins in the numismatic market
They have no premium over dateless examples (melt value)
They are useful only for filling holes in Whitman folders for visual completion
They cannot be submitted to grading services

⚠️ Do Not Restore Dates on Key Dates

If you have a dateless Type 1 coin or suspect you might have a rare date, do NOT attempt chemical restoration. The chemical process destroys the coin's numismatic value and makes professional attribution impossible. Submit questionable coins to a grading service for expert opinion before any treatment.

Silver Spot Price Volatility and Buying Strategy

With silver trading at historic highs (~$103/oz in early 2026), the economics of collecting Standing Liberty Quarters have fundamentally changed. The melt value floor of approximately $18.80 per coin means common-date circulated coins trade with minimal numismatic premiums.

Buying Recommendations:

Common Dates (1925-1930 P-mints)

Do not pay significant premiums for G-4 through VG-8 examples. These are essentially bullion with a face. Focus premium spending on Fine-12 or better where numismatic value clearly detaches from the melt floor. A G-4 might trade for $20-$22, while a F-12 of the same date is $25-$30—only $3-$8 more for significantly better eye appeal.

Key Dates and Semi-Keys

For key dates (1916, 1919-D/S, 1921, 1923-S, 1927-S), even low-grade examples carry strong premiums. Focus on buying the best grade you can afford, as these dates appreciate at higher percentage rates when properly graded and authenticated.

Uncirculated Coins

If building a high-grade set, strike quality (Full Head) is paramount. A weakly struck MS-64 may trade for $400-$600, while an MS-64 Full Head of the same date could be $2,000-$5,000. Do not overpay for Mint State coins without Full Head unless the price reflects standard strike limitations.

The "Crack-Out" Game

Experienced Standing Liberty Quarter collectors engage in what's called the "crack-out" game—buying slabbed coins that appear to have Full Head strike characteristics but were not designated FH by the grading service, then resubmitting them in hopes of achieving the FH designation.

How It Works:

Purchase a coin graded MS-64 (no FH) that appears to have three leaves, complete hairline, and ear hole
"Crack out" the coin from its holder
Resubmit to PCGS or NGC with request for Full Head attribution
If successful, the coin's value multiplies 3-10×

Risk/Reward Example: 1926-D

Purchase price: MS-64 (no FH) — $1,200
Grading fees: $30-$50
If successful: MS-64 FH — $10,000+
If unsuccessful: Coin re-grades as MS-63 or MS-64 (no FH), potential loss of $100-$300 in value plus fees

⚠️ Grading Standards Are Extremely Strict

Grading services are extraordinarily strict on the "three leaves" requirement. If the coin has 2.9 leaves (one leaf is 90% present but not fully separated), it will fail FH designation. The "crack-out" game is best left to very experienced collectors who can accurately assess strike quality under magnification. For beginners, it's safer to buy coins already designated FH, even at higher initial cost.

Storage and Preservation

Polyvinyl Chloride (PVC) Warning:

Many Standing Liberty Quarters from the 1960s-1980s remain in original flips or holders that contain PVC. This chemical leaches out over time, leaving a greenish, oily residue that permanently damages the coin's surface.

⚠️ Check Your Storage Immediately

If you inherit a collection or purchase raw coins in old flips:

Inspect immediately for green or oily residue
Transfer coins to PVC-free holders (Mylar, SAFLIP, or certified slabs)
Key dates like 1970-D and 1987 are particularly at risk if stored in PVC holders since the 1980s

PVC damage cannot be reversed and will result in a "Details" grade (significant value reduction) if submitted for certification.

Example of PVC damage on Standing Liberty Quarter — greenish residue and surface pitting

Recommended Storage:

Raw coins: SAFLIP holders, Mylar flips (PVC-free), or archival-quality coin tubes
Slabbed coins: Can remain in original PCGS/NGC holders indefinitely
Environment: Cool, dry location with stable temperature (avoid attics and basements)
Handling: Always hold coins by the edges, never touch the surfaces

Set Building Strategies

Due to the high cost of key dates and the prevalence of dateless coins, Standing Liberty Quarter collectors typically pursue one of these strategies:

1. Type Set (Beginner Friendly)

Goal: Acquire one example each of Type 1, Type 2, and Type 3
Cost: $50-$300 depending on grades
Recommended picks:

Type 1: 1917-P (common, affordable)
Type 2: Any 1920-1924 Philadelphia (common dates)
Type 3: Any 1925-1930 Philadelphia (common dates)

2. Date Set Excluding Key Dates

Goal: One of each year, excluding the major keys (1916, 1919-D/S, 1921, 1923-S, 1927-S)
Cost: $500-$2,000 in circulated grades
Challenge: Affordable but still represents 10 distinct dates

3. Complete Date/Mint Set (Advanced)

Goal: All 37 date/mint combinations
Cost: $20,000-$100,000+ depending on grades
Challenge: Requires significant budget for key dates, patience for Full Head varieties

4. Full Head Registry Set (Expert)

Goal: Complete set with all coins designated Full Head
Cost: $100,000-$500,000+
Challenge: Several issues (1920-S FH, 1926-D FH, 1927-S FH) are extreme condition rarities that rarely come to market

Standing Liberty Quarter FAQs

What is my Standing Liberty Quarter worth?

Value depends on year, mint mark, condition, and strike quality. Common dates (1925-1930 Philadelphia) in circulated condition are worth approximately $19-$30 (near silver melt value). Key dates like 1916, 1927-S, and 1921 can be worth $100–$20,000+. The 1918/7-S overdate is the most valuable, reaching over $336,000 for top examples. Use the value chart above to look up your specific coin, and remember that "Full Head" designation can multiply value by 2× to 10×.

How do I know if my coin is Type 1, Type 2, or Type 3?

Check the reverse (eagle side) of your coin: Type 1 (1916-1917) has NO stars under the eagle. Type 2 (1917-1930) has THREE stars under the eagle. Type 3 is technically the same as Type 2 but refers to the 1925-1930 coins with recessed dates. Do not rely on the obverse breast detail alone, as it wears off quickly—the reverse star arrangement is definitive.

What does "Full Head" (FH) mean and why is it so important?

"Full Head" is a strike designation (not a grade) given to Standing Liberty Quarters that show complete detail on Liberty's head. To qualify for FH, a coin must have: (1) three distinct leaves on the helmet, (2) complete hairline across the brow, and (3) visible ear indentation. The FH designation can multiply a coin's value by 2× to 10× or more because so many coins were struck with weak dies or insufficient pressure. A 1926-D in MS-64 might be $1,200, while an MS-64 FH is $10,000+.

Why are so many Standing Liberty Quarters dateless?

From 1917 to 1924, the date was positioned on a raised pedestal, making it one of the highest points on the coin. Normal circulation wear caused the date to disappear before other design elements showed significant wear. The Mint solved this problem in 1925 by recessing the date into the coin's field. Dateless Type 2 quarters (1917-1924) are worth only their silver melt value (~$18.80). Dateless Type 1 quarters (1916-1917) carry a small premium of $25–$35 because the Type 1 design is collectible even without a date.

Should I get my Standing Liberty Quarter professionally graded?

Professional grading by PCGS or NGC is recommended if your coin is: (1) any key date (1916, 1919-D/S, 1921, 1923-S, 1927-S), (2) appears to be AU-58 or better, (3) might have Full Head designation, (4) the 1918/7-S overdate in any condition, or (5) potentially worth $100 or more. Grading fees ($20-$50) are justified by increased marketability and buyer confidence. Authentication is especially critical for the 1916, which is heavily counterfeited.

What are the key dates in the Standing Liberty Quarter series?

The major key dates are: 1916 (52,000 mintage, $14,000+ in any grade), 1927-S (396,000 mintage, $40-$20,000+), 1921 (1.9M mintage, $175-$3,500+), 1919-D and 1919-S (both under 2M mintage, $85-$6,300), and 1923-S (1.36M mintage, $200-$5,750). The 1918/7-S overdate is the most valuable variety, worth $2,500-$336,000+. Additionally, several dates are "strike rarities" where Full Head examples command extreme premiums: 1920-S FH, 1926-D FH, and 1927-S FH.

How much silver is in a Standing Liberty Quarter?

Every Standing Liberty Quarter (1916-1930) contains 0.18084 troy ounces of 90% silver. At the current silver spot price of approximately $103 per ounce, the melt value is around $18.80 per coin. This creates a price floor for the entire series—even heavily worn, dateless, or damaged common-date coins retain this intrinsic silver value. For current spot prices, check APMEX or JM Bullion.

Are Standing Liberty Quarters worth more than face value?

Yes, absolutely. Due to their 90% silver content, every Standing Liberty Quarter is worth at least $18.80 in melt value at current silver prices—75× face value. Common dates in circulated condition trade for $19–$35. Key dates can be worth hundreds to thousands of times face value: a 1916 in G-4 is worth over $14,000 (56,000× face value). Never spend Standing Liberty Quarters at face value—they should be sold as silver or collectibles.

Can I clean my Standing Liberty Quarter to make it look better?

No. Never clean coins. Cleaning—whether with polish, baking soda, or any chemical—permanently damages the coin's surface and destroys its numismatic value. A cleaned Standing Liberty Quarter will receive a "Details" grade from professional services (e.g., "AU Details — Cleaned"), which reduces value by 40-70% compared to an uncleaned coin of the same technical grade. If your coin has dirt or PVC residue, consult a professional conservator rather than attempting DIY cleaning.

What is the rarest Standing Liberty Quarter?

The 1918/7-S overdate in Full Head condition is the rarest, with perhaps fewer than 5 specimens known. The record auction price is $336,000 for a MS64+ FH. Among regular strikes (non-overdates), the 1916 is the rarest date by mintage (52,000), followed by the 1927-S (396,000). However, "condition rarity" also matters—coins like the 1920-S, 1926-D, and 1927-S in Full Head are extraordinarily rare regardless of mintage due to notoriously weak strikes.

How do I tell if my 1916 is real or a counterfeit?

The 1916 is the most counterfeited date. Check the reverse first: if your "1916" has three stars under the eagle (Type 2 reverse), it is a counterfeit—genuine 1916s only have Type 1 reverses (no stars under eagle). Also verify the weight: genuine coins weigh exactly 6.25 grams. Study die diagnostics (shield rivets on 1916 are typically "mushier" than 1917 Type 1), and when in doubt, submit to PCGS or NGC for authentication. See NGC's counterfeit detection guide for detailed diagnostics. Authentication is essential before buying or selling any 1916.

What is the 1918/7-S overdate and how do I identify it?

The 1918/7-S is a famous overdate variety where the San Francisco Mint reused a 1917 die for 1918 production but failed to fully remove the original "7" before repunching an "8" over it. To identify: look at the date under magnification—you should see the horizontal bar of the "7" cutting through the top loop of the "8", and the tail of the "7" visible below the "8". It's unmistakable once you know what to look for. Even in worn condition (G-4), it's worth $2,500–$5,000. In Mint State, values reach $27,000–$336,000+. If you think you have one, submit it to a grading service for authentication.

Methodology & Sources

This comprehensive value guide is based on extensive analysis of auction records, dealer pricing, third-party grading service population data, and market observations current as of January 2026. Values represent fair market ranges for properly attributed and graded coins.

Valuation Sources

Auction Records:PCGS Auction Prices, Heritage Auctions, Stack's Bowers Galleries, GreatCollections
Price Guides:PCGS Price Guide, NGC Coin Explorer
Population Data:PCGS CoinFacts, NGC Census reports
Spot Prices:APMEX Silver Price, JM Bullion Silver Charts
Mintage Data:Coin Mintages (verified against U.S. Mint records)
Variety Attribution:NGC VarietyPlus

Educational Resources

Authentication & Grading Standards

Specific Coin References

Silver Spot Price Context

The silver melt value calculations in this guide use a spot price of approximately $103 per troy ounce, representing the market range in January 2026. Each Standing Liberty Quarter contains 0.18084 troy ounces of 90% silver, yielding a melt value of approximately $18.80 per coin. This calculation uses the formula:

Melt Value = Silver Spot Price × 0.18084 oz × 0.90 (purity)

Silver spot prices fluctuate daily. For current real-time pricing, consult APMEX or JM Bullion.

Market Disclaimer

Coin values fluctuate based on precious metal spot prices, market supply and demand, auction results, and individual coin quality (strike, surface preservation, eye appeal). The values presented represent fair market ranges as of January 2026 for properly graded and authenticated specimens. Actual realized prices may vary. Coins with problems (cleaning, damage, environmental issues) will trade at discounts to the ranges shown. Professional third-party grading by PCGS or NGC is strongly recommended for coins potentially worth $100 or more, and is essential for all key dates and suspected varieties.

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