Lot 1115
1919-S. NGC graded MS-64 CAC Approved. The head is nearly full. Frosty with a hint of gold toning. In an old style holder. There are several explanations given as to why the 1919-S Quarter (and its Denver counterpart) is so scarce. Two of these bear mentioning: First, mintage had reached unprecedented levels during the prosperous wartime years of 1917-8. As an predictable aftermath, few new coins were required in 1919 out West, since there was a superabundance of war coinage in circulation. A second possibility revolves around the plummeting agricultural prices from their unsustainable 1919-20 highs (again, a result of the First World War). Western farming states entered upon a period of slowing activity; and slow activity translates into low demand for coinage from the mints into the banks of issue. (1921 and 1922 are seen as the low point in this activity.) Pop 26.
Estimated Value $1,600 - 1,700.
|
| |
| Realized $2,300 |
