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1916 Liberty Standing Quarter

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Pillar of the Community

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 Posted 10/05/2015  6:09 pm Show Profile   Bookmark this topic Add terry8835 to your friends list Get a Link to this Message Number of Subscribers
Is there any way to estimate how many 1916 LSQ's actually exist with readable dates at present time. I assume the reason the price on these coins is so high is that the 52,000 original mintage does not represent the coins in actual existence today. There are other beautiful and popular coins with such low mintage and they do not cost as much to buy in the same condition. 1911D Saint-Gaudens Gold Eagle has mintage of 30,100 and can be had for $3500 in AU condition while 1916 LSQ goes for $11,500 in AU. I am talking about the Liberty with an Indian headdress not to be confused with double eagle.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/05/2015  6:22 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
The answer to this question is straightforward: The vulnerable high date on the 1916 SLQ caused it to wear down more quickly than on other denominations of the same era, and so it brings a higher price than its low-mintage counterparts in a similar grade.

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 Posted 10/05/2015  6:42 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
So how many are left with good dates? I need this coin to complete my LSQ set, but the price for a coin with just a readable date is hard to accept. Someone must have an idea of how many of these coins exist in order to price them. I do know the price of the five most expensive LSQ's are, of course, those with vulnerable dates. These coins keep going up sharply in value I am told by my LCS. I see it is almost impossible to get a decent one on ebay for less than $500 even for 1919D or 1919








Somebody must have an idea of how many of these coins exist with good dates in order to price them don't you think? I know the price of a 1921 with mintage of 1,916,000 is $800 bucks just in EF condition, and prices are also high for 1919D, and 1919S. The prices are going up I guess because this is a popular coin. 1927S LSQ is also expensive in EF condition and more expensive than most with vulnerable dates.



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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 10/05/2015  7:08 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Well, we have PCGS, NGC, and ANACS population reports. That usually gives us a pretty good idea about the survival rate of rare coins- especially when they all have been certified.
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T-BOP's Avatar
United States
18456 Posts
 Posted 10/05/2015  9:38 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

The SLQ series is one tough nut. most early dates are worn down because of the mints first making the date higher than rest of coin. this changed in 1924 or 25 when they realized this and made the date recessed to prevent excessive wear.
there are also key and semi key dates that are costly.
because of the SLQ's design , they are very sort after by collectors. this also keeps prices up.
but your question: how many 1916 SLQ's in existence right now with readable dates, IMHO maybe half of it's original mintage. ( 26,000 ) through out the whole world.
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 Posted 10/05/2015  9:49 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Try to remember that there could well be many, even thousands of those in private collections, jars, bottles, cans, etc. Just laying around. An attempt to guess how many are out there is sort of like how many grains of sand are on the beach. Anything would be just a guess. Look at how many old cars are found in someone's garage. And those are harder to stash away than any old coins. Possibly a long time ago many collectors simply shoved one in a Folder or Album and it just sits there. And possibly guess would be just that, a guess.
AND too when and where will the Chinese fakes of those all start popping up?
Edited by just carl
10/05/2015 9:50 pm
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CoinHuntingDrew's Avatar
United States
4932 Posts
 Posted 10/05/2015  10:15 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list Get a Link to this Reply
People who have large amounts of junk silver might be secretly laying on a nice gem key date 1916 T1. There are distinct ways on IDing a 1916T1 and a 1917T1 from each other.

Whenever I see a dateless SLQ T1 in the quarter bin at my LCS, I'm always excited, since they most likely wouldn't have caught it.
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