LOT Heritage Rare Coin Galleries  /  2007 Long Beach, CA Sig. Coin Auction #430  / 

3148

1853 25C Arrows and Rays MS65 NGC. In order to denote

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1853 25C Arrows and Rays MS65 NGC. In order to denote
<B>1853 25C Arrows and Rays MS65 NGC.</B></I> In order to denote a weight reduction from 6.68 grams to 6.22 grams, Mint Director George N. Eckert ordered James Longacre to modify the Seated quarter by adding arrows on both sides of the date on the obverse and rays in the reverse field around the eagle. The sudden influx of gold in the world market forced an increase in the relative value of silver, thus making the United States' silver coins worth more as bullion than as circulating currency. This weight reduction, which the Mint also applied to the half dime, dime, and half dollar, solved this problem and allowed silver coins to circulate once again.<BR> With a record-setting (for the era) original mintage of 15.2 million pieces, the 1853 Arrows and Rays is an understandably common coin in most grades. High grade Mint State survivors, however, are elusive, and few display the fully original appearance of the present Gem. Variegated shades of argent-gray and pastel-gold moderately overlay each side. Sharply struck, carefully preserved, and bound for inclusion in a high quality type set. Census: 26 in 65, 9 finer (1/06).<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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