A scarce late–San Francisco issue in true Gem condition. This lightly toned example offers bright, frosty luster and strong detail for this notoriously weakly struck date. Liberty’s figure and shield show impressive sharpness, while the the head detail is nearly full! The reverse displays a boldly rendered flying eagle with clean, brilliant surfaces. A premium Gem example of one of the toughest high-grade SLQs from the 1920s.