In 1919 the nation was in high spirits with the conclusion of World War I and the continuation of the roaring wartime economy. The need for small change was high, prompting ever greater quantities of coins from the Mint, including a substantial 11,324,000 Standing Liberty quarters from the main facility in Philadelphia. The issue is generally well struck and numismatists managed to sock away many in Mint State. The number of circulated examples still extant is often thought to be low, but the placement of the date on a raised panel exposed it to premature wear, leading to many thousands of dateless quarters that may forever remain unassigned as to date. This design deficiency was not corrected until 1925 when the panel was recessed. Uncirculated coins are not scarce and even in Gem suitable examples can usually be found.

The example to the left was sold by Stack's Bowers Galleries in the August 2019 Chicago ANA Auction, where it realized $26,400.