1918 Quarter Value (2026 Guide): Errors List, “D”, “S” & No Mint Mark Worth

The 1918 Quarter Value is one of the most rewarding coins a collector can pursue — over a century old, yet still fiercely in demand.

Struck at three U.S. Mint facilities — Philadelphia, Denver, and San Francisco — the 1918 Standing Liberty Quarter carries a value that goes far beyond its 90% silver content alone, with condition, mint mark, and strike quality all playing a critical role in determining its price.

A circulated example in Good condition starts around $29, while a well-preserved Mint State coin with a Full Head (FH) strike — meaning Liberty’s helmet shows three complete hair leaves, a full hairline, and a clear ear indentation — can climb past $3,900. That gap tells you everything about why serious collectors chase this coin.

 

1918 Quarter Value By Variety

When it comes to the 1918 Quarter, condition is everything — the same coin can be worth a little or a lot depending on how well it has survived the years. If you know the grade of your coin, you can find the exact price below in the Value Guides section.

Also Read: Top 10 Most Valuable Quarter Coins In Circulation Worth Money (With Pictures)

 

Top 10 Most Valuable 1918 Quarter Worth Money

When it comes to the most valuable 1918 Quarter sales on record, one variety dominates every conversation — the 1918/7-S overdate.

This coin, struck at the San Francisco Mint, features a die error where a “7” from 1917 was improperly re-engraved with an “8,” creating one of the most sought-after overdates in American numismatic history. The top auction result for this variety reached $336,000, a figure that reflects just how fiercely collectors compete for the finest known examples.

What makes these results especially remarkable is the consistency across grades — even lower Mint State examples of the 1918/7-S have sold well into the five and six-figure range. At Heritage Auctions in August 2024, an MS67 example graded by NGC realized $108,000, a figure in line with the $105,750 the same coin brought at Heritage’s August 2016 Platinum Night session.

The Overdate FS-101 variety adds yet another layer of collectibility. A 1918/7-S graded MS-62 Full Head sold at Heritage Auctions in March 2024 for $66,000 — representing a 3.3-fold premium over standard non-Full Head examples in the same grade, which typically realize $18,000–$20,400.

 

History of the 1918 Quarter

The 1918 Quarter arrived at a defining moment in American history — the United States had just entered World War I, and the country’s identity on the world stage was rapidly evolving.

This shifting national mood is precisely what sculptor Hermon A. MacNeil sought to capture when he designed the Standing Liberty Quarter. MacNeil’s design emerged from a competition held by Mint Director Robert W. Woolley in 1915–1916, in which three sculptors — MacNeil, Adolph Weinman, and Albin Polasek — were invited to submit sketches.

MacNeil won with a design showing Liberty stepping through a gateway, holding a shield and an olive branch — symbolizing America’s readiness to defend itself while still seeking peace.

With America’s full entry into the war, MacNeil revised his Liberty portrait to reflect the times — now cladding her in chain mail armor over her chest, a visual statement that the nation stood ready to defend itself and its allies. This redesign, approved by the Treasury Department, gave the 1918 Quarter the Type 2 appearance that collectors recognize today.

Beyond its wartime symbolism, the 1918 issue is also notable for a production anomaly that became one of the most celebrated rarities in American coinage. According to Wikipedia’s account of the series, it was standard Mint practice to recut unused dies from one year to show the following year’s date — and a 1917-S Type 2 die that went unused was recut and used to strike several thousand 1918-S quarters, creating the legendary 1918/7-S overdate.

The overdate was not discovered until nearly 20 years after the coins entered circulation, and its first appearance at auction was recorded in December 1937. By the time the 1948 edition of the Guide Book of United States Coins was published, the 1918/7-S was listed at $150 in Uncirculated condition — higher than the 1916, which was priced at only $90 in that same grade.

It is also worth noting that the Standing Liberty Quarter is the only 20th-century regular-issue U.S. coin for which no proof versions were ever struck — a historical distinction that adds yet another layer of intrigue to the 1918 issue and the series as a whole.

Also Read: Top 100 Most Valuable Modern Quarters Worth Money List (1965-Present)

 

Is Your 1918 Quarter Rare?

Finding out if your 1918 Quarter is truly rare is easier than you might think — the key details to check are the mint mark, the strike quality, and any potential die errors like the famous 1918/7-S overdate.

For a quick and reliable answer, use the CoinValueChecker App — it can help you identify your exact variety and rarity level in seconds.

 

Key Features of the 1918 Quarter

The Standing Liberty Quarter’s 90% silver composition gives it both lasting beauty and intrinsic precious metal value. Understanding its design details is the first step to appreciating why this coin remains so sought after by collectors today.

The Obverse of the 1918 Quarter

The obverse features Lady Liberty holding a shield in one hand and an olive branch in the other, wearing chain mail armor on her body, and standing in a gateway flanked by 13 stars with the inscription “In God We Trust” dividing the walls.

The mint mark — “D” for Denver or “S” for San Francisco — appears on the obverse just to the left of and slightly above the date, while the designer’s initial “M” is located to the right of the date.

One of the most important details to examine on the obverse is the strike quality of Liberty’s head. To qualify for the Full Head (FH) designation — awarded by PCGS and NGC only to coins grading AU50 or better — a coin must show three visible leaves in Liberty’s hair, a complete hairline, and a clear ear indentation.

These features are surprisingly rare and significantly impact value. Expert J.H. Cline estimated that fewer than 3% of 1918-S coins achieved Full Head definition — a sobering statistic that explains why FH examples command such dramatic premiums.

The Reverse of the 1918 Quarter

The reverse depicts an eagle in flight surrounded by thirteen stars, symbolizing the original American colonies. This powerful imagery was deliberately chosen to reflect America’s growing strength and military presence on the world stage during the World War I era.

The reverse design was reworked in 1917 — the eagle was moved more toward the center of the coin, and three of the thirteen stars that previously flanked the sides were repositioned beneath the eagle. The 1918 Quarter carries this updated Type 2 reverse, giving it a more balanced and commanding visual composition.

Other Features of the 1918 Quarter

Beyond its design, the 1918 Quarter carries physical characteristics that collectors carefully evaluate when assessing any example.

The coin features a reeded edge — a series of fine parallel ridges running along the rim — which was a standard security feature used to prevent coin clipping and counterfeiting during the era.

Its 90% silver composition (10% copper) gives it lasting intrinsic metal value, meaning even a heavily worn example retains worth simply based on its precious metal content. The coin weighs 6.25 grams and contains 0.18084 troy ounces of pure silver — giving it a melt value that rises and falls with the daily silver spot price.

Also Read: Top 30 Most Valuable State Quarter Coins Worth Money List

 

1918 Quarter Mintage & Survival Data

The Philadelphia Mint produced the largest number of 1918 Quarters at over 14.2 million coins, followed by San Francisco at roughly 11 million and Denver with the smallest output at around 7.4 million.

The three mints together struck over 32.6 million pieces, placing 1918 second in total production for the entire Standing Liberty Quarter series. Yet mintage alone doesn’t tell the full story — what truly matters to collectors is how many of these coins survived in collectible condition over the past century.

Despite having the highest original mintage, the Philadelphia (No Mint Mark) issue actually shows the lowest survival rate at just 0.0421%, meaning fewer than 1 in every 2,000 coins struck can be accounted for today. The Denver issue, while the smallest mintage of the three, carries the highest survival rate at 0.0745% — suggesting its coins were handled with slightly more care or circulated less aggressively.

An important nuance: because the date on 1918 Quarters was positioned on a raised, unprotected pedestal, a vast number of surviving examples are found completely dateless and worth only silver melt value. These survival figures help explain why the 1918 Quarter Value can vary so significantly across mint marks, even when grade and strike quality are held equal.

Also Read: Top 20 Most Valuable Bicentennial Quarter Worth Money List

 

The Easy Way to Know Your 1918 Quarter Value

The quickest way to estimate your 1918 Quarter Value is to check just three things: the mint mark, the coin’s condition, and whether Liberty’s head shows full, sharp detail.

Start by looking to the left of the date — a “D” means Denver, an “S” means San Francisco, and no mark at all points to Philadelphia. From there, a simple visual check of wear on Liberty’s gown, shield, and facial features can tell you whether you’re looking at a Good, Fine, or Mint State example.

For a faster and more accurate result, download the CoinValueChecker App — simply snap a photo of your 1918 Quarter, and the app will instantly identify the variety, assess the condition, and give you a real-time value estimate right from your phone.

 

 

1918 Quarter Value Guide

The 1918 Standing Liberty Quarter was produced at three mint facilities, and each variety carries its own distinct value profile — shaped by mintage, strike quality, and survival rate.

Whether you’ve found a coin with no mint mark, a “D,” or an “S,” knowing which variety you have is the essential first step to understanding what it’s worth. Here’s a quick look at the three main varieties covered in this guide:

• 1918 No Mint Mark Quarter (Philadelphia’s highest-mintage issue — described by PCGS as “the best-struck SLQ up to that point,” relatively easy to locate through MS65 FH, but extraordinarily rare in Superb Gem condition)
• 1918-D Quarter (Denver’s lowest-mintage variety — scarcer in high grades, with a dramatic Full Head premium reflecting the persistent strike challenges of Denver dies)
• 1918-S Quarter (San Francisco’s record output year — home to the legendary 1918/7-S overdate, and notorious for some of the weakest strikes in the entire Standing Liberty series)

 

1918 No Mint Mark Quarter Value

What sets the 1918 No Mint Mark Quarter apart from other Philadelphia issues in the Standing Liberty series is its exceptional scarcity in the highest grades — despite its large 14.2 million mintage.

According to PCGS CoinFacts, the Philadelphia Mint struck what experts consider the best-quality Standing Liberty Quarters of the early series in 1918, and the coin is “relatively easy to locate through MS65 Full Head.” However, examples in Superb Gem condition (MS67 and above) are genuinely rare — a reflection of both the age of the coins and the attrition from over a century of handling and storage.

That survival profile makes the Full Head designation particularly meaningful for this date. PCGS data shows that only about 40% of known Mint State survivors show a fully struck head — meaning even among uncirculated examples, the majority fall short of the FH standard.

A Mint State 68 non-Full Head example has reached $18,975 at auction, a result that speaks volumes about how seriously advanced collectors treat even standard strikes from this date at the very top of the grading scale.

The table below breaks down exactly what each grade of the 1918 No Mint Mark Quarter is worth — giving you a clear benchmark whether your coin is heavily worn or nearly pristine.

When it comes to market activity, the Philadelphia issue has shown remarkably consistent collector interest over the years.

 

1918-D Quarter Value

The 1918-D Quarter occupies a particularly interesting position within the Standing Liberty series — it carries the smallest output of the three 1918 mint issues, yet its survival profile in higher grades tells a story that goes beyond numbers alone.

According to PCGS’s own expert commentary, the 1918-D is scarce in circulated grades and very scarce in Mint State. Like most early Denver and San Francisco issues from the 1917–1924 period, strike quality remains a persistent challenge for this date — finding a sharply struck, Full Head example is genuinely difficult, and that is precisely what separates an average 1918-D from a truly exceptional one.

The value multiplier for a Full Head 1918-D is among the most dramatic in the entire series — approximately 6-fold compared to a standard strike of the same grade. That gap reflects just how rarely the Denver dies produced a fully detailed Liberty head on this date.

For circulated coins, the 1918-D is accessible but never common — current market data places a Fine-grade example around $110, while an About Uncirculated coin approaches $250. These figures reflect steady collector demand for a date that, while not a headline rarity, is consistently harder to find in quality condition than its Philadelphia counterpart.

For a full picture of what the 1918-D is fetching across different condition levels, the auction records below offer the most reliable reference point available.

Take a look at the market activity data to see how this variety has performed over time.

 

1918-S Quarter Value

The 1918-S Quarter is a coin that rewards serious collectors in ways that go well beyond its silver content. According to PCGS CoinFacts expert David Hall, the 1918-S is “scarce in circulated grades and rare in mint state,” and Gem MS65 or better Full Head specimens are “very rare” — placing this coin among the rarest issues in the entire Standing Liberty series when sought in top condition.

Strike quality is the defining challenge of this date. Expert J.H. Cline, a recognized authority on the Standing Liberty series, estimated that fewer than 3% of 1918-S coins emerged from the dies with Full Head definition — a figure that makes sharply struck examples exceptional rarities rather than the rule.

That 22-fold value multiplier for a Full Head 1918-S in MS65 ($4,750 vs. $210 for a non-FH example in the same grade) is the most dramatic in all of American coinage for a non-key-date issue. It means that identifying a Full Head specimen on this date can transform an ordinary circulated find into a coin worth thousands.

While the 1918-S is abundant enough in worn circulated grades to be accessible to new collectors, it becomes genuinely elusive in high quality — with top Mint State Full Head specimens reaching into the five and six-figure range at Heritage Auctions and Stack’s Bowers. For collectors building a complete Standing Liberty set, the 1918-S demands both knowledge and patience.

The price breakdown below reveals just how wide the value range can be for the 1918-S Quarter.

Market enthusiasm for the San Francisco issue — fueled in part by the legendary 1918/7-S overdate — is reflected in the activity data below.

Also Read: 22 Rare Quarter Errors List with Pictures (By Year)

 

Rare 1918 Quarter Error List

Not every 1918 Quarter is what it appears to be at first glance. A small number of known errors and varieties exist within this series — and for collectors who know what to look for, these pieces represent some of the most exciting and valuable finds in all of American coinage.

1. 1918/7-S Quarter Overdate Error

The 1918/7-S Standing Liberty Quarter is both a doubled die and an overdate — two hubs were used to create the die, one dated 1917 and the other dated 1918 — making it a variety that is visible to the unaided eye and detectable with a simple 5x loupe. The overdate was not widely recognized until the late 1930s, when it first appeared at auction in December 1937.

The diagnostics are unmistakable: the top bar of the “7” cuts through the top loop of the “8,” and the tail of the “7” is visible below. Additionally, as noted by ANA Authentication Bureau expert Brian A. Silliman in the August 2001 issue of The Numismatist, most genuine specimens show a tell-tale die clash in the protected recess next to Liberty’s right knee — visible even on coins grading Good or Very Good.

According to PCGS CoinFacts expert David Hall, fewer than 100 Mint State survivors are believed to exist, with no more than 10 specimens grading MS65 or finer. Full Head examples are described as “extremely rare,” and no Gem MS65 Full Head example has ever been certified.

In circulated grades, expect to pay anywhere from $2,000 to $10,000 depending on how clearly the overdate shows and the overall condition. A non-Full Head MS67 example sold at Heritage Auctions in August 2024 for $108,000, while the all-time record stands at $336,000 for an MS64+ Full Head specimen.

2. 1918 Quarter Weak Strike / Dateless Error

Strike weakness is one of the most pervasive — and underappreciated — issues affecting 1918 Quarter values. The placement of the date atop a raised, unprotected pedestal caused it to both strike up poorly and wear away very quickly, meaning a significant portion of surviving 1918 Quarters show faint or completely illegible dates.

A vast quantity of Standing Liberty Quarters from 1917 to 1924 are found with the date completely worn away — dateless examples are worth silver melt value only, which currently places them in the $5–$8 range depending on the silver spot price.

By contrast, even a faintly readable date restores meaningful numismatic value — a Good-grade example with a clear date can fetch $28 or more. Collectors should be especially cautious of chemically restored dates, as these are considered damaged coins by PCGS and NGC and carry no collector premium regardless of how legible the date appears.

3. 1918 Quarter Die Clash Error

A die clash occurs when the obverse and reverse dies strike each other without a planchet (the blank coin disc) between them, leaving ghost impressions of one side’s design on the opposite die. On 1918 Quarters, this results in faint incuse outlines of the reverse eagle appearing on Liberty’s side of the coin — in areas where no design element should exist.

Die clashes are most easily identified by looking for raised, mirror-image design transfer in the fields of the coin — areas that should be flat and clean but instead show ghostly remnants of the opposing die.

A minor die clash on a 1918 Quarter may add only a modest premium of $50–$150 over a standard example. However, a dramatic, well-defined clash on a higher-grade coin can attract serious error specialists and push values considerably higher — sometimes doubling the base price of the coin.

4. 1918 Quarter Struck Through Error

A struck-through error happens when a foreign object — such as grease, cloth fiber, or a debris fragment — becomes lodged between the die and the planchet during striking, preventing the full design from transferring cleanly. On 1918 Quarters, these errors most commonly appear as soft, mushy patches across Liberty’s head or shield.

The key distinction from ordinary strike weakness is location and shape — a struck-through error typically produces a defined void that doesn’t align naturally with the coin’s high points. A small struck-through grease error on a circulated 1918 Quarter might carry a premium of $100–$300 above standard value.

Collectors pursuing error coins in the Standing Liberty series are encouraged to seek certification through PCGS or NGC — a professionally attributed struck-through error on an early silver coin can command significantly stronger premiums among specialists, particularly when the affected area involves Liberty’s head or the date.

 

Where to Sell Your 1918 Quarter?

If you’ve identified your 1918 Quarter and are ready to turn it into cash, choosing the right selling platform can make a significant difference in the final price you walk away with.

Check out now: Best Places To Sell Coins Online (Pros & Cons)

 

FAQ about the 1918 Quarter Value

1. What is the most valuable 1918 Quarter ever sold?

The most valuable 1918 Quarter ever sold is the 1918/7-S overdate in Full Head condition, with the auction record reaching $336,000 for an MS64+ Full Head example. This coin is exceptionally rare — according to PCGS, no Gem MS65 Full Head specimen of the 1918/7-S has ever been certified, making the MS64+ Full Head grade the absolute pinnacle of this variety.

2. How do I identify the 1918/7-S overdate error?

The 1918/7-S overdate shows traces of a “7” beneath the final “8” in the date — the horizontal bar of the “7” cuts through the top loop of the “8,” and the tail of the “7” is visible in the lower portion. Look also for a die clash mark in the recess next to Liberty’s right knee, noted by ANA experts as a reliable diagnostic present on most genuine specimens. Any coin suspected to be an overdate should be submitted to PCGS or NGC for professional authentication.

3. What does “Full Head” mean and why does it matter?

A Full Head (FH) Standing Liberty Quarter shows three complete leaves in Liberty’s hair, a full hairline along her brow, and a clear ear indentation. PCGS and NGC award this designation only to coins grading AU50 or better that meet all three criteria.

For the 1918-S, expert J.H. Cline estimated that fewer than 3% of coins produced qualify — making a Full Head 1918-S in MS65 worth $4,750 versus just $210 for a non-FH coin in the same grade, a 22-fold difference driven entirely by strike quality.

4. How much is a dateless 1918 Standing Liberty Quarter worth?

A dateless 1918 Quarter — meaning the date has worn completely away, which is extremely common due to the unprotected raised pedestal design — is worth only its silver melt value. At current silver prices, that falls in the $5–$8 range. The date was not recessed to protect it from wear until 1925, which is why so many 1917–1924 examples are found dateless.

5. Which 1918 Quarter mint mark is the rarest?

In terms of raw mintage, the 1918-D from Denver is the scarcest with approximately 7.4 million coins struck. However, in terms of collector-grade rarity, the 1918-S is far more elusive in high Mint State grades — especially with a Full Head designation — due to the notoriously poor strike quality produced by the San Francisco dies in 1918. The 1918/7-S overdate, which exists within the San Francisco issue, is the single rarest variety from any 1918 mint.

6. How many 1918/7-S overdates are estimated to exist?

Numismatic scholars estimate approximately 3,000 total survivors of the 1918/7-S overdate in all grades, with the mintage unknown since these coins are counted within the total 11,072,000 production figure for the regular 1918-S. Of those survivors, David Hall of PCGS estimates fewer than 100 are Mint State, with no more than 10 grading MS65 or finer, and no Full Head examples ever certified at the Gem level.

7. Should I get my 1918 Quarter professionally graded?

Professional grading by PCGS or NGC is strongly recommended for any 1918 Quarter that appears to be AU50 or better, shows potential Full Head detail, might be the 1918/7-S overdate, or is worth more than $500 based on its grade and mint mark. Certification costs $30–$100 depending on service level, but establishes the coin’s grade consensus, authenticates its surfaces, and significantly enhances its marketability to advanced collectors.

8. What makes the 1918 Philadelphia Quarter special compared to other Philadelphia issues?

PCGS CoinFacts describes the 1918 Philadelphia issue as “the best-struck SLQ up to that point” in the series — meaning its strike quality generally surpasses earlier Philadelphia Standing Liberty Quarters. Despite this advantage, the coin is one of the rarest Philadelphia Mint Standing Liberty Quarters in Mint State condition, with only about 40% of known uncirculated survivors showing a fully struck head. A non-FH MS68 example reached $18,975 at auction — an extraordinary result for a coin without the FH designation.

9. Is rainbow or unusual toning on a 1918 Quarter worth more?

Natural, attractive toning on a 1918 Standing Liberty Quarter can add collector appeal and modest premiums — particularly multicolored or “album toning” that reflects careful long-term storage. However, the Standing Liberty Quarter series has lower demand for toned examples than Morgan Dollars or Franklin Halves, so the premium tends to be modest. By contrast, unnatural or chemically induced toning is considered damage by PCGS and NGC and can significantly reduce a coin’s value regardless of how attractive the colors appear.

10. How can I tell if my 1918 Quarter is silver?

All 1918 Standing Liberty Quarters were struck in 90% silver and 10% copper — there were no clad or base-metal versions of this coin. A genuine example weighs exactly 6.25 grams and contains 0.18084 troy ounces of pure silver. A quick magnet test will confirm silver content: silver is non-magnetic, so a genuine 1918 Quarter will not stick to a magnet. If a coin purporting to be a 1918 Quarter is attracted to a magnet, it is either counterfeit or a different coin entirely.