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United States Standing Liberty Quarters

1916–1930 • Type 1 Bare Breast • Type 2 Mailed Breast • Full Head Varieties

Standing Liberty Quarters Value Guide

Date / TypeMintMintageGood–VGValue RangeShop
1916 Type 1 KEYPhiladelphia52,000$5,000–$6,500$5,000–$100,000+Shop
1917 Type 1Philadelphia8,740,000$25–$50$25–$800+Shop
1917 Type 2 (first year)Philadelphia13,880,000$20–$40$20–$600+Shop
1918/7-S Overdate KEYSan FranciscoIncluded in 1918-S$2,000–$4,000$2,000–$40,000+Shop
1919-DDenver1,944,000$150–$300$150–$3,000+Shop
1921Philadelphia1,916,000$150–$300$150–$3,000+Shop
1927-SSan Francisco396,000$60–$150$60–$25,000+Shop
1930 (final year)Philadelphia5,632,000$15–$25$15–$400+Shop

Standing Liberty quarters were struck from 1916 through 1930, and most dates are affordable in circulated grades. The values above are approximate ranges for authentic, problem-free coins. However, two factors change the picture fast: the 1916 key date, and the Full Head (FH) designation, which can multiply a coin's value in the same numeric grade. Every coin also holds 0.1808 ounces of silver, worth about $10.44 at $57.72 per ounce (October 2026), so even worn common dates sell above face value.

This series sits between the Barber quarters it replaced and the Washington quarters that followed, and our U.S. quarters overview covers every era. For values across all denominations, see the coin price guide. If you're still identifying your coin's date or grade, start with What's My Coin Worth?

Key facts: Struck 1916–1930 • Designer Hermon A. MacNeil • 90% silver, 10% copper • 6.25 grams, 24.3mm • 0.1808 oz pure silver • Mints: Philadelphia (no mint mark), Denver (D), and San Francisco (S), with the mint mark on the obverse to the left of the date • No proofs were struck.

The History of Standing Liberty Quarters

The Standing Liberty quarter grew out of a push to modernize American coin design in the early 20th century, after the success of the Saint-Gaudens double eagle and the Lincoln cent. Sculptor Hermon A. MacNeil won the commission. His Liberty strides through a gateway, holding a shield in her left hand for preparedness and an olive branch in her right for peace. On the eve of World War I, that message fit the national mood.

The quarter debuted in 1916 alongside the Mercury dime and Walking Liberty half dollar, a year many collectors call the high point of American coin art. Compared with the restrained Barber design it replaced, MacNeil's quarter was far more ambitious, with flowing drapery and a sense of movement.

Recommended Reading
A Guide Book of Mercury Dimes, Standing Liberty Quarters, and Liberty Walking Half Dollars
Bowers on the three classic 1916 silver designs.
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Philadelphia, Denver, and San Francisco struck the series over its 15-year run. In addition, a mid-series redesign created two distinct types, which adds real depth for collectors. The Mint ended the design in 1930, struck no quarters in 1931, and introduced the Washington quarter in 1932 for the bicentennial of Washington's birth.

Type 1 and Type 2 — A Mid-Series Redesign

The original Type 1 design (1916–1917) showed Liberty with her right breast bare. The popular story says public objections forced a change. Still, Mint records show MacNeil was also revising the design for artistic reasons. Either way, in 1917 the Mint added a coat of chain mail over Liberty's upper body, creating the Type 2 design that ran through 1930. Because the change came mid-year, 1917 quarters exist in both types, which makes that year a popular type-collecting target.

The reverse changed too. Type 1 quarters have 13 stars around the rim, while Type 2 quarters move three of them below the eagle, which also sits higher. Type 1 coins had a production window of barely two years, so they generally carry higher premiums than Type 2 coins in the same grade.

One later change matters for value as well. The date on early Type 2 coins sat high on the step and wore off quickly in circulation, which is why so many dateless Standing Liberty quarters turn up today. Starting in 1925, the Mint recessed the date into the step to protect it. As a result, dates from 1925 onward survive far better on worn coins.

🛡️

Type 1 (1916–1917)

The original bare-breast design. Its short production window means higher collector premiums.
⛓️

Type 2 (1917–1930)

The chain mail design, with three stars moved below the eagle. The more common type overall.
🌟

1916 Key Date

Just 52,000 struck in December 1916. The series' most valuable regular-issue date.
👑

Full Head Designation

A grading designation for coins with full detail on Liberty's head. It can multiply value.
🔢

1918/7-S Overdate

A die made with both 1917 and 1918 dates, leaving a 7 under the 8. The series' most famous variety.
📅

1925 Recessed Date

From 1925, the date sits recessed in the step, so it survives wear far better than on earlier coins.

Key Dates and Notable Rarities

The 1916 quarter is the key date of the series. The Mint struck just 52,000 in December 1916 and released them in January 1917 alongside the far more plentiful 1917 Type 1 coins. As a result, most people saved the 1917 issue as a keepsake, and the 1916 slipped past them. Today even worn examples sell for several thousand dollars, and a PCGS MS-66+ Full Head brought $99,000 at Stack's Bowers in 2019.

Beyond 1916, the 1918/7-S overdate is the series' most famous variety. It came from a San Francisco die made with both 1917 and 1918 dates, so a 7 shows beneath the 8 under magnification. The 1919-D, 1921, and 1927-S are also low-mintage dates with strong premiums. The 1927-S, in particular, is common in low grades yet very scarce in Mint State, where it runs from about $10,000 to over $25,000 before any Full Head premium.

Strike quality matters across the whole series, too. Denver and San Francisco coins are often weakly struck, so a sharp example of almost any branch-mint date is scarcer than its mintage suggests.

Full Head (FH) is a grading designation from PCGS and NGC, used only for this series. It applies when Liberty's head shows complete detail: on Type 2 coins, that means the three leaves on her helmet, the hairline along her forehead, and a clear ear hole. Many Standing Liberty quarters came from worn dies or light striking pressure, especially at Denver and San Francisco. For that reason, true Full Head coins are much scarcer than their numeric grades suggest.

The premium can be dramatic. For example, a common date in MS-64 might sell for $150–$250 without the designation, but $1,000 or more with it. Serious collectors often chase Full Head coins specifically, so always check for the FH designation on the holder, and compare it with the coin itself, before a major purchase.

Related Coin Guides

Frequently Asked Questions

What is the most valuable Standing Liberty quarter?

The 1916 is the key date, with just 52,000 struck. Even heavily worn examples sell for several thousand dollars, and a PCGS MS-66+ Full Head brought $99,000 in 2019. The 1918/7-S overdate ranks second, prized for both its scarcity and its fame as a variety. In addition, high-grade Full Head examples of dates like the 1927-S can reach five or six figures.

What does "Full Head" mean on a Standing Liberty quarter?

Full Head (FH) is a grading designation for coins that show complete detail on Liberty's head. On Type 2 coins, graders look for the three helmet leaves, the hairline, and a clear ear hole. Because striking quality varied so much, especially at Denver and San Francisco, Full Head coins are much scarcer than their grades suggest. As a result, they often sell for several times the price of a non-FH coin in the same grade.

Why does Liberty's design change partway through the series?

The Type 1 design (1916–1917) showed Liberty with her right breast bare. The familiar story credits public objections for the change, although MacNeil was also refining the design. In 1917, the Mint covered Liberty in chain mail, creating the Type 2 design that ran through 1930. Because both types were struck in 1917, collectors can collect that year by type as well as by date and mint.

Are Standing Liberty quarters made of silver?

Yes. Standing Liberty quarters are 90% silver and 10% copper, with 0.1808 troy ounces of pure silver, the same as Barber and pre-1965 Washington quarters. At $57.72 per ounce (October 2026), that's about $10.44 in silver. For a current figure, use our silver melt calculator. Worn, dateless examples often sell close to melt value.

What is the 1918/7-S overdate and why is it valuable?

The 1918/7-S came from a San Francisco working die that received impressions from both a 1917 and a 1918 hub. As a result, part of the 7 shows beneath the 8 under magnification. Only a small share of 1918-S quarters came from that die. Its scarcity, its easy-to-verify diagnostic, and its fame make it one of the most sought-after varieties in the series.

What is a good starting point for collecting this series?

Common Type 2 dates from the late 1920s in circulated grades are the easiest start, usually $15–$40 each, and their recessed dates stay readable. From there, a type collector adds one Type 1 and one Type 2 example. If Full Head coins interest you, start with an FH common date first. That way, you learn what genuine Full Head detail looks like before you buy a scarcer FH key date.

Comprehensive Reference – Covers Mercury dimes, Standing Liberty quarters, and Liberty Walking half dollars, minted from 1916 to 1947. Hundreds of high-resolution, full-color photographs

This comprehensively updated edition of Standing Liberty Quarters offers the history, design, minting, and up-to-date rarity and relative values of these quarter dollars.