A single 1918/7-S overdate quarter — the rarest variety in the series — achieved $336,000 at auction in 2020 (PCGS MS64+FH). Most 1918 quarters are worth $19–$820 in circulated grades, but the Full Head designation and the elusive overdate push values dramatically higher. Learn exactly what your coin is worth.
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The 1918/7-S overdate is the rarest coin in the entire Standing Liberty quarter series. Use this checker to determine whether your San Francisco coin might be the real thing — and worth thousands instead of tens of dollars.
This chart covers all major 1918 Standing Liberty quarter varieties across four condition tiers. For an in-depth illustrated 1918 quarter identification walkthrough and reference guide, including photo comparisons for each grade, visit the linked resource. The Full Head designation can multiply values by 2–3× at any grade; the 1918/7-S overdate commands extraordinary premiums at all conditions.
| Variety | Worn (G–F) | Circulated (VF–AU) | Uncirculated (MS60–63) | Gem MS (MS64–67) |
|---|---|---|---|---|
| 1918 Philadelphia (No mark) | $19 – $55 | $57 – $210 | $250 – $500 | $725 – $20,700 |
| 1918 Philadelphia Full Head | $21 – $46 | $160 – $320 | $390 – $750 | $1,150 – $59,800 |
| 1918-D Denver | $26 – $82 | $100 – $320 | $390 – $700 | $750 – $8,050 |
| 1918-S San Francisco | $23 – $59 | $88 – $330 | $360 – $700 | $750 – $6,900 |
| 1918-S Full Head ★ Signature | $23 – $53 | $180 – $820 | $1,150 – $2,000 | $2,500 – $59,800 |
| 1918/7-S Overdate 🔴 Rarest | $1,700 – $5,600 | $5,600 – $12,000 | $22,000 – $34,000+ | $50,000 – $336,000+ |
Values are ranges based on PCGS, NGC, and recent auction data. Actual realized prices vary by strike quality, eye appeal, and market conditions. Full Head premiums apply to AU50+ grades only (XF40+ for the 1918/7-S overdate).
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The 1918 Standing Liberty quarter series contains some of the most dramatic and collectible error varieties in all of early 20th-century American coinage. From the legendary 1918/7-S overdate to the always-prized Full Head strike designation, each variety below represents a distinct and collectible opportunity. Understanding what makes each one special — and how to spot it — is essential before you sell or buy.
Rarest
The 1918/7-S overdate was born from the frantic pace of World War I-era coin production at the San Francisco Mint. A 1917-dated working die was mistakenly hubbed with a 1918 obverse hub, impressing the new date over the old. The result is one of the most dramatic and important overdates in American numismatics, listed as FS-101 by CONECA.
On the coin itself, the curved upper portion and serif of the underlying '7' are visible within the '8' — most clearly at the lower-left arc of that digit. Unlike many overdate varieties that require high-power magnification, the 1918/7-S overdate can often be detected with the naked eye on well-struck examples, making it accessible to new collectors.
PCGS estimates approximately 3,000 survivors exist in all grades, with only around 250 in uncirculated condition and roughly 50 bearing a Full Head designation. Strike weakness is common — this is one of the most poorly struck issues in the entire Standing Liberty series, making Full Head examples extraordinarily rare. The record sale of $336,000 (PCGS MS64+FH, 2020) underscores how commanding gem examples can be.
Most Valuable Designation
The Full Head designation is not a mint error in the traditional sense — it is a strike quality indicator awarded by PCGS and NGC to Standing Liberty quarters that show complete, fully struck detail in Liberty's helmet. Because the head sits at the highest point of the coin's relief, it is the last area to receive adequate metal flow during striking, and the vast majority of 1918 quarters — even mint state examples — show flat or incomplete head detail.
For a Type II Standing Liberty quarter (1917–1930) to earn the FH designation, graders look for three fully distinct leaf sprigs within Liberty's helmet, a complete hairline running along her brow, and a clearly visible ear hole. All three elements must be present; the absence of even one disqualifies the coin. The standard becomes more demanding as the grade increases.
On 1918 Philadelphia quarters, about 40% of mint state survivors are estimated to show Full Head details — making it more attainable than on the 1918-D or 1918-S. The Denver and San Francisco issues are notoriously weakly struck, and FH specimens command especially steep premiums there. A 1918-S MS65FH sold for $6,000 at Heritage Auctions in October 2025, versus roughly $1,650 for the same grade without FH.
Conditional Rarity
The 1918-D Standing Liberty quarter, struck at the Denver Mint with a mintage of 7,380,800, represents the lowest production of the three 1918 mints and carries a modest scarcity premium in circulated grades. However, its most significant numismatic attribute is its strike quality: Denver-produced coins from this era are notoriously soft at the center, with flat shield rivets, mushy gown folds, and a weakly defined head.
In mint state grades, the 1918-D becomes a genuine conditional rarity. Well-struck examples with crisp detail at the shield, knee, and — crucially — Liberty's head are uncommon. A Full Head 1918-D in MS65 or better condition is considered a premium coin by Standing Liberty specialists, often selling for multiples of the non-FH equivalent. The 1918-D FH value range tops out around $57,500 for a gem specimen.
Collectors targeting a complete date-and-mintmark Standing Liberty set often find the 1918-D one of the more challenging to acquire in high grade with strong strike. The coin's lower mintage relative to the Philadelphia and San Francisco issues gives Denver examples a small but real edge in the marketplace, and any 1918-D showing above-average strike quality draws keen collector interest.
Best Kept Secret
Die clashes on Standing Liberty quarters occur when the obverse and reverse dies strike each other without a planchet between them — a production mishap that leaves a mirror-image impression of each die's design on the opposing face. On affected 1918 quarters, the eagle from the reverse can appear as a ghost impression on the obverse field, particularly visible in the open areas around Liberty's figure and on the fields near the border.
The 1918/7-S overdate is specifically noted in numismatic literature as being particularly prone to die clash marks — many examples of this already-rare variety show heavy clashing in Liberty's gown area. PCGS and NGC do not issue separate designations for die-clashed coins in standard grading, but specialist publications document specific die states by their clash intensity and location.
For common-date 1918 quarters in circulated condition, light die clash marks add minor numismatic interest without dramatically affecting value. However, on a mint state coin with strong clash impressions clearly visible across the obverse field, collector interest rises meaningfully — die-state enthusiasts and Standing Liberty specialists actively seek prominent clash examples, particularly for the more storied 1918-S issues.
Most Famous Rarity in MS
Despite its high mintage of 14,240,000, the 1918 Philadelphia issue is considered one of the rarest Standing Liberty quarters in true mint state condition — a fact that surprises many collectors. PCGS numismatic expert David Hall has noted specifically that the 1918 is "one of the rarest of all Philadelphia mint Standing Liberty quarters in mint state condition," and is "very rare in Gem Full Head condition."
This paradox of high mintage but low mint-state survival rate is explained by the coin's workhorse role during World War I. The 1918 Philadelphia quarter circulated heavily, and most examples were spent within months or years of production. The few survivors that reached the numismatic market decades later were almost always well-worn; mint-fresh rolls were not saved by the coin-collecting public of that era.
NGC census data shows only 554 total mint state 1918-P examples have been graded, a surprisingly small number for a coin with over 14 million produced. In grades MS65 and above with Full Head, examples are genuinely scarce, and a gem example with blazing luster and full strike becomes a centerpiece-quality coin. The value range in gem mint state stretches from approximately $1,650 to $59,800 for the finest Full Head examples.
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| Mint | Mint Mark | Mintage | Estimated MS Survivors | Notes |
|---|---|---|---|---|
| Philadelphia | None | 14,240,000 | ~554 graded at NGC MS | Paradoxically rare in MS; one of the rarest Phila. SLQs in mint state per PCGS |
| Denver | D | 7,380,800 | ~594 graded at NGC MS | Lowest mintage of the three 1918 issues; notoriously weakly struck |
| San Francisco | S | 11,072,000 | ~557 graded at NGC MS | Includes overdate variety; S mint coins typically weakly struck at head |
| San Francisco (Overdate) | S | Unknown (subset of 11,072,000) | ~3,000 total; ~250 MS; ~50 FH | 1918/7-S FS-101; rarest Type II SLQ variety; record sale $336,000 (2020) |
| Total (regular strikes) | — | 32,692,800 | — | Second-highest annual production in the SLQ series |
Grading determines 80% of your coin's value. This guide walks through the four major condition tiers and what to look for on the 1918 Standing Liberty quarter specifically.
Liberty's outline is visible but most inner detail is flat. The date is readable — critical on Type II coins, as the date wears quickly. Shield rivets, knee, and gown folds are worn smooth. Most examples found in circulation fall into this range. Value: $19–$82.
Partial detail visible across Liberty's gown and the head area. Some luster may survive in the recesses on AU coins. The eagle's breast feathers begin to show individual details in VF. An AU-58 example shows only the faintest wear on Liberty's knee and the eagle's breast. Value: $57–$820.
No wear present — confirmed by checking Liberty's knee and the shield rivets under magnification. Original mint luster covers the surfaces, though contact marks from bag handling may be visible. Head detail may be incomplete due to strike weakness even in MS grades. Value: $250–$2,000+.
Premium examples with full original luster, minimal contact marks, and sharp strike. The Full Head designation (FH) is awarded separately by PCGS and NGC and is the most critical factor in top-grade value. A 1918 MS66FH can be worth 3–4× a non-FH MS66. Value: $725–$59,800 (or $336,000 for the finest 1918/7-S FH).
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The right venue depends on your coin's value tier. A $30 circulated example belongs in a different market than a $50,000 overdate.
The world's largest numismatic auction house and the ideal venue for any 1918/7-S overdate or gem Full Head example. Heritage reaches the deepest pool of serious Standing Liberty quarter collectors. Expect competitive bidding on anything over $500 in numismatic value. Best for: 1918/7-S overdate, MS65+ coins, Full Head examples.
eBay reaches millions of buyers and works well for circulated 1918 quarters in the $25–$500 range. Check the recently sold prices for 1918 quarter listings and completed auctions before listing to set a competitive starting price. Use PCGS or NGC certification for anything over $200 to attract the highest bids and buyer confidence.
Ideal for quick, no-fee sales of circulated 1918 quarters in the $20–$150 range. Dealers will pay wholesale (typically 50–70% of retail for common dates), so this is best when convenience matters more than maximum price. Some specialist dealers may pay stronger premiums for the 1918-D or scarce dates.
The r/CoinSales and r/Coins subreddits connect you directly with collectors, eliminating dealer middlemen. Works best for mid-range examples ($50–$300). Post clear, high-resolution photos of both sides and the date area. The community is knowledgeable and will respond well to a properly described and priced coin.
A circulated 1918 Philadelphia quarter is worth approximately $19–$210 depending on condition. Uncirculated examples range from around $250 to over $20,000. Coins with the Full Head (FH) designation command significant premiums above non-FH grades. The 1918/7-S overdate is in a different league entirely, with worn examples starting around $1,700 and gem specimens reaching six figures.
The 1918/7-S overdate is the rarest and most valuable 1918 quarter by a wide margin. PCGS estimates approximately 3,000 survivors exist, with only around 250 in uncirculated grades and roughly 50 with a Full Head designation. A PCGS MS64+FH example sold for $336,000 in 2020, setting the all-time auction record for any 1918 Standing Liberty quarter.
The 1918/7-S overdate was created when a 1917-dated working die was mistakenly struck with a 1918 obverse hub during busy World War I-era production at the San Francisco Mint. The result is a coin showing a clear '7' beneath the '8' in the date. This variety is designated FS-101 by CONECA and is considered one of the greatest overdate rarities in all of American numismatics.
Full Head is a PCGS and NGC strike designation awarded to Standing Liberty quarters that show three complete leaf sprigs in Liberty's helmet, a full hairline along her brow, and a visible ear hole. Because the head area is the most weakly struck part of the design, FH specimens are far less common than standard examples. A Full Head 1918 quarter can be worth two to three times more than the same coin without the designation.
Examine the last digit of the date under 5× to 10× magnification. On a genuine 1918/7-S overdate, you can see the upper curve and serif of the underlying '7' peeking out from within the '8'. The overdate only occurs on San Francisco (S mint mark) coins, never on Philadelphia or Denver issues. The '7' element is most visible on the lower-left portion of the '8'.
Three mints struck 1918 Standing Liberty quarters: Philadelphia produced 14,240,000 (no mint mark), Denver produced 7,380,800 (D mint mark), and San Francisco produced 11,072,000 (S mint mark), for a combined total of over 32.6 million coins. The 1918/7-S overdate is a subset of the San Francisco issue with an unknown original mintage; approximately 3,000 examples are estimated to have survived.
In most circulated grades, the 1918-D commands a slight premium over Philadelphia and San Francisco issues due to its lower mintage of 7,380,800. In uncirculated grades, the Philadelphia coin becomes surprisingly scarce and is considered one of the rarest Philadelphia-mint Standing Liberty quarters in Mint State. The 1918-S overdate (1918/7-S) is by far the most valuable of any 1918 quarter variety regardless of mint.
A 1918 Philadelphia quarter in Good (G-4) condition is worth approximately $19–$29. A 1918-D in Good is worth around $26–$36, and a 1918-S in Good grades to approximately $23–$34. These prices reflect heavily worn coins where the date is still readable but major design details are flat. If the date is partially worn away, value drops significantly or becomes unattributable.
Never clean a 1918 quarter. Cleaning removes the natural patina and leaves microscopic scratches visible under magnification, causing grading services like PCGS and NGC to assign a 'details' or 'cleaned' designation that drastically reduces the coin's value and marketability. A naturally toned, uncleaned coin — even a worn one — is always worth more to collectors than a cleaned example of the same date.
For valuable examples — especially the 1918/7-S overdate or high-grade Full Head coins — Heritage Auctions or Stack's Bowers offer the widest collector audience and typically achieve the highest prices. For mid-range circulated coins worth $50–$500, eBay reaches a broad market of active buyers. For common circulated examples, a local coin shop offers instant cash with no fees. Always get a PCGS or NGC grade before selling any coin worth over $200.
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