Description and Analysis
Lincoln Cents, Wheat Reverse
1924 S 1C MS
Description & Analysis
Though widely hoarded from circulation 1935-60, as were all S-Mint cents, this issue is very scarce in all grades higher than Very Fine. Mint State survive in smaller numbers than for many other issues of the 1920s, and fully red gems are exceedingly rare. Those so certified typically have a deep, mellowed red that is not at all comparable to an MS RD 1924(P) cent.
Severe budget cuts across all federal departments during the Harding and Coolidge administrations compelled the mints, particularly Denver and San Francisco, to run their dies way too long. As a result, 1924-S cents are among the many issues of this decade that are usually found poorly struck from very eroded dies. The coin presented here is thus a superior specimen in all respects.
Only a few persons interested in coinage matters commented at the time about such poor quality. One of these was Charles Moore, Chairman of the Federal Commission of Fine Arts: "By dint of many struggles our silver coinage, the nickel, and the penny, have been brought up to a fair standard as compared with other leading nations. The only questions now in relation to those coins are questions of quality of work in producing the coins themselves."