1940-D 25C DDO FS-101 MS65 认证号20296028, PCGS号146092

Ron Guth

The 1940-D FS-101 Quarter Dollar is a very nice Doubled Die Obverse.  The doubling is mostly visible on the legend IN GOD WE TRUST.  Doubling is also visible on the date, but to a lesser degree.  In lower grades, this variety fetches a strong premium of two to three times the price of a normal Quarter.  Inexplicably, the premium drops as the grade increases.  PCGS has certified very few examples of this variety, the best of which are graded MS66.  

Beware -- there is at least one other Doubled Die Obverse of this date.  If the doubling does not match the attribution picture above in every way, it is NOT an FS-101 and is not worth the same premium.