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The 1867-S Liberty Seated quarter is a very scarce coin even in the lowest circulated grades. A mere 48,000 pieces were produced, the vast majority of which were worn out or lost through the heavy commercial use that claimed most San Francisco Mint Liberty Seated issues of the 1850s and 1860s. The 1867-S is similar in overall rarity to the 1866-S, an even lower mintage issue with just 28,000 coins struck, and it is actually a bit rarer in the finer circulated and Mint State grades. A moderately toned example exhibiting mixed hues of golden-brown and argent-gray. Satiny, nearly matte-like texture on each side remains quite smooth despite a few minor marks and scuffs on the obverse. All of the obverse and reverse elements exhibit bold definition which is uncommon for these quarters. There is mild evidence of die clashing (as made). A visually impressive and highly significant rarity from the early San Francisco Mint quarter series. (PCGS 5471)