Low mintage 1927-S
Another top lot is Cline’s 1927-S quarter graded NGC MS-66 CAC. The issue is rare with a fully defined head of Liberty and on this example, Liberty’s head is around 50 percent complete.
As Heritage observes, “The rarity of the 1927-S in this grade is recognized by series students, but for the general collecting populace, it falls in the shadow of the more widely heralded Full Head coins, which make headlines on the rare instances in which they are offered at auction.” In his books, Cline observed that less than one percent are struck with Full Heads and the typical 1927-S quarter dollar is weakly struck, particularly on the head and shield.
With a mintage of 396,000, it is the lowest mintage of a Standing Liberty, Mailed Breast quarter. It was last offered at Heritage’s 2009 FUN auction where it did not meet its reserve and went unsold, and it had previously sold at Heritage’s August 2004 auction where it brought $11,500.
One of the most attractive of Cline’s coins is his 1917-D Seated Liberty, Bared Breast quarter dollar graded NGC MS-67 Full Head.
Heritage recognizes, “The 1917-D Type One Standing Liberty quarter is several times scarcer in Superb Gem Full Head than its widely collected Philadelphia counterpart.”
In terms of pricing comparables, a different, more heavily toned example of this issue also graded NGC MS-67 Full Head sold for $4,230 at a June 2015 auction by Ira and Larry Goldberg.