It is often the case that for the first year of issue of a new series a number of examples are saved as souvenirs, but this does not appear to be the case with the 1916 Standing Liberty Quarter, which were initially released mostly unnoticed. Luckily enough, a reasonable number of examples were soon retracted from circulation, or did not circulate at all, allowing some uncirculated and about uncirculated specimens to have survived. Most of these, however, show multiple bagmarks and are somewhat weakly struck, making MS-65 or finer specimens with a fully struck head (FH) true rarities within the series.
The finest example that has been graded by either PCGS or NGC is a single MS-67FH+ specimen, which stands out above three others, graded MS-67FH. Ten pieces have been graded as MS-66FH, while only seven MS-66s have been graded without the Full Head designation. In gem condition (being MS-65) 24 MS-65’s have been graded and 69 MS-65FH’s. Especially the latter number appears to be heavily influenced by resubmissions, as gems, either with or without the Full Head designation are infrequently offered at public auction. NGC has graded 3 MS-67FH examples, those also amongst the finest known.
Eye-appeal is very important when determining the value of 1916 Standing Liberty Quarters. Nicely toned examples, in any grade, usually sell for a premium. The highest price paid for a coin of this issue was $149,500 for a PCGS MS-67FH. Another auction result which stands out for a coin of this issue is one in the same grade and holder, which sold for $ 143,750. Other auction results for NGC coins in the same grades are $97,750 in 2006 and $ 74,750 in 2007. The highest price realized for a certified example without the Full Head designation was for a NGC MS-67 which sold for $ 40,250 in 2006.
Because of the low mintage of this issue and high demand, even heavily circulated examples sell for at least a few thousand dollars, with the price increasingly sharply for moderately circulated coins. Most of the lower grade coins only have a partial date, with some coins only having part of the 6 visible. A circulated coin with a full date in Very Fine condition sells easily for $ 8,500 at the minimum, while Extremely Fine coins with original surfaces usually selling for a few thousand dollars more.