On September 8th, the second of three centennial coins was released. The Standing Liberty Quarter quarter ounce gold coin has been released by the US Mint in West Point. The Mercury Dime was released back in April and sold out quickly. The Mint is expected to produce 100,000 of these quarters and is also expected to sell out. The price for one of these coins is $485.00.
It looks like Variety I of the original Standing Liberty Quarter released in 1916 and 1917. There are no stars below the eagle on the reverse and one breast is exposed on lady Liberty and the mint mark appears in the obverse. One noticeable difference is “AU 24K 1/4 OZ” on the obverse.
The Standing Liberty Quarter as well as the Mercury Dime and Walking Liberty Half Dollar were released in 1916 to replace the Barber Dime, Quarter and Half Dollar. It was the wish of President Theodore Roosevelt in 1904 to have different designs for coins. The Lincoln Cent in 1909 and Buffalo Nickel in 1913 as well as some gold coins were the beginning of this new variation of coin design. With the Barber Coins out for 25 years, there was no need of Congress approval to replace them.
Later this year, the Walking Liberty Half Dollar half ounce gold coin will be released as the final centennial coin. Have you purchased the gold Mercury Dime and considering buying the gold Standing Liberty Quarter and Walking Liberty Half Dollar? If you are planning to buy the gold Standing Liberty Quarter, I suggest you do it soon. Supposedly, there was just under 50% sold on the first day.